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): July 11, 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.

     On July 11, 2002,  Arizona  Public Service  Company  ("APS") filed a letter
with the Arizona  Corporation  Commission  ("ACC")  discussing the circumstances
under which APS would support a temporary  suspension or stay of certain Arizona
electric  competition rules that currently  require,  among other things, APS to
transfer its competitive  electric assets and services to one or more affiliates
no later than December 31, 2002.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

     (c)  Exhibits.

          Pinnacle West Capital  Corporation  hereby  incorporates the following
Exhibit  pursuant to Exchange Act Rule 12b-32 and  Regulation  ss.  229.10(d) by
reference to the filing set forth below:



                                                Originally Filed                      Date
Exhibit No.   Description                          as Exhibit:        File No.(a)   Effective
-----------   -----------                          -----------        -----------   ---------
                                                                         
99.1          Letter to Arizona Corporation   99.1 to APS' July 12,     1-4473       7-12-02
              Commission regarding Generic    2002 Form 8-K Report
              Proceeding to Electric
              Restructuring


----------
(a)  Reports  filed  under  File No.  1-4473  were  filed in the  office  of the
     Securities and Exchange Commission located in Washington, D.C.

                                   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: July 12, 2002                    By: Barbara M. Gomez
                                            ------------------------------------
                                            Barbara M. Gomez
                                            Treasurer

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