SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 30, 2002
PINNACLE WEST CAPITAL CORPORATION
(Exact name of registrant as specified in its charter)
Arizona 1-8962 86-0512431
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
400 North Fifth Street, P.O. Box 53999, Phoenix, Arizona 85072-3999
(Address of principal executive offices) (Zip Code)
(602) 250-1000
(Registrant's telephone number, including area code)
NONE
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
DIVIDEND INCREASE AND POLICY
On October 23, 2002, the Company's board of directors increased the common
dividend by $0.10 per share per year effective with the dividends payable on
December 1, 2002. This increase results in an indicated annual dividend of $1.70
per share. The Company intends to continue growing the common dividends in the
future; such growth will be dependent on a number of factors including, but not
limited to, payout ratio trends, free cash flow, and financial market
conditions.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) EXHIBITS.
EXHIBIT NO. DESCRIPTION
----------- -----------
99.1 Pinnacle West Capital Corporation quarterly consolidated
statistical summary (cover page and list of contents).
99.2 Pinnacle West Capital Corporation quarterly consolidated
statistical summary for the periods ended September 30, 2002 and
2001.
99.3 Pinnacle West Capital Corporation consolidated statistics by
quarter for 2002 (year-to-date).
99.4 Pinnacle West Capital Corporation consolidated statistics by
quarter for 2001.
99.5 Pinnacle West Capital Corporation consolidated statistics by
quarter for 2000.
99.6 Pinnacle West Capital Corporation consolidated statistics by
quarter for 1999.
99.7 Pinnacle West Capital Corporation earnings variance explanations
for the periods ended September 30, 2002 and 2001 and condensed
consolidated statements of income for the three months, nine
months and twelve months ended September 30, 2002 and 2001.
99.8 Glossary of Terms.
ITEM 9. REGULATION FD DISCLOSURE
The Company is providing quarterly consolidated statistical summaries,
earnings variance explanations, and a glossary of relevant terms (collectively,
"Information") to help interested parties better understand its business. This
Information is concurrently being posted to the Company's website at
www.pinnaclewest.com. The Information may not represent all of the factors that
could affect the Company's operating or financial results for various periods.
Some of the Information is preliminary in nature and could be subject to
significant adjustment. Some of the Information is based on information received
from third parties and may contain inaccuracies. The Company is not responsible
for any such inaccuracies. Although the Company may update or correct the
Information if it is aware that such Information has been revised or is
inaccurate, the Company assumes no obligation to update or correct the
Information and reserves the right to discontinue the provision of all or any
portion of the Information at any time or to change the type of Information
provided.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PINNACLE WEST CAPITAL CORPORATION
(Registrant)
Dated: October 25, 2002 By: Barbara M. Gomez
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Barbara M. Gomez
Treasurer
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