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UNITED STATES
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): June 15, 2005

 	 	Exact Name of Registrant as Specified in	 	 	
 	 	Charter; State of Incorporation;	 	IRS Employer	
Commission File Number	 	Address and Telephone Number	 	Identification Number	
 	 	 	 	 	
1-8962 	 	Pinnacle West Capital Corporation
(an Arizona corporation)
400 North Fifth Street, P.O. Box 53999
Phoenix, AZ 85072-3999
(602) 250-1000 	 	86-0512431 	
 	 	 	 	 	
1-4473 	 	Arizona Public Service Company
(an Arizona corporation)
400 North Fifth Street, P.O. Box 53999
Phoenix, AZ 85072-3999
(602) 250-1000 	 	86-0011170 	
     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
      o Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
      o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
      o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
      o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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	ITEM 8.01 OTHER EVENTS	
SIGNATURES	

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ITEM 8.01 OTHER EVENTS
FERC Approval of PWEC Asset Transfer to APS
     On June 15, 2005, the Federal Energy Regulatory Commission authorized Pinnacle West Energy Corporation (“PWEC”) to transfer Redhawk Units 1 and 2, West Phoenix Units 4 and 5, and Saguaro Unit 3 to Arizona Public Service Company (“APS”). The Arizona Corporation Commission authorized this asset transfer as part of its April 7, 2005 order in APS’s general rate case. See “APS General Rate Case” in Note 5 of Notes to Condensed Financial Statements in Pinnacle West Capital Corporation’s and APS’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2005. PWEC expects to complete the transfer of assets to APS by mid-August, 2005.

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SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 	PINNACLE WEST CAPITAL CORPORATION
(Registrant)
 	 	
Dated: June 16, 2005 	By:  	/s/ Donald E. Brandt  	 	
 	 	Donald E. Brandt 	 	
 	 	Executive Vice President and Chief Financial Officer 	 	
 	
 	ARIZONA PUBLIC SERVICE COMPANY
(Registrant)
 	 	
Dated: June 16, 2005 	By:  	/s/ Donald E. Brandt  	 	
 	 	Donald E. Brandt 	 	
 	 	Executive Vice President and Chief Financial Officer