EXHIBIT A-3
ARTICLES OF INCORPORATION
OF
PINNACLE WEST ENERGY CORPORATION
FIRST: The name of the corporation is Pinnacle West Energy Corporation.
SECOND: The purpose for which the corporation is organized is the
transaction of any or all lawful business for which corporations may be
incorporated under the laws of the State of Arizona, as they may be amended from
time to time. The character of business which the corporation initially intends
actually to conduct in the State of Arizona is development, production and sale
of wholesale energy.
THIRD: The aggregate number of shares that the corporation shall have
authority to issue is One Hundred (100) common shares, all of which shares shall
be of a single class and shall have a par value of $.01 per share.
FOURTH: The name and street address in Arizona of the initial statutory
agent of the corporation is CT Corporation System, 3225 North Central Avenues,
suite 1601, Phoenix, Arizona 85012. The street address of the initial known
place of business of the corporation in Arizona is 400 North 5th Street, Station
9068, Phoenix, Arizona 85004.
FIFTH: The number of directors constituting the initial board of directors
of the corporation is two (2). The names and addresses of the persons who are to
serve as directors until the first annual meeting of shareholders, or until
their successors are elected and qualified, are:
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Name Address
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William J. Post 400 North Fifth Street
Phoenix, AZ 85004
William L. Stewart 400 North Fifth Street
Phoenix, AZ 85004
The number of persons to serve on the board of directors thereafter shall be
fixed by the bylaws of the corporation.
SIXTH: The name and address of the incorporator is Pinnacle West Capital
Corporation, 400 East Van Buren, Phoenix, Arizona 85004.
SEVENTH: The liability of a director or former director to the corporation
or its shareholders shall be eliminated to the fullest extent permitted by
Section 10-202.B.1 of the Arizona Revised Statutes.
If the Arizona Business Corporation Act is amended to authorize corporate
action further eliminating or limiting the liability of directors, the liability
of a director of the corporation shall be eliminated or limited to the fullest
extent permitted by the Arizona Business Corporation Act, as amended.
Any repeal or modification of this Article Seventh shall not adversely
affect any right or protection of a director of the corporation existing
hereunder with respect to any act or omission occurring prior to or at the time
of such repeal or modification.
The provisions of this Article Seventh shall not be deemed to limit or
preclude indemnification of a director by the corporation for any liability of a
director which has not been eliminated by the provisions of this Article
Seventh.
EIGHTH: The corporation shall indemnify any and all of its existing and
former directors and officers to the fullest extent permitted by Section
10-202.B.2 of the
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Arizona Business Corporation Act. If the Arizona Business Corporation Act is
amended to authorize corporate action broadening the corporation's ability to
indemnify its directors and officers, the corporation shall indemnify its
existing and former directors and officers to the fullest extent permitted by
the Arizona Business Corporation Act, as amended. Any repeal or modification of
this Article Eighth shall not adversely affect any right or protection of any
existing or former director or officer of the corporation existing hereunder
with respect to any act or omission occurring prior to or at the time of such
repeal or modification.
DATED: September 27, 1999
PINNACLE WEST CAPITAL CORPORATION
By: Michael V. Palmeri
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Michael V. Palmeri
Vice President/Finance
Incorporator
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