Business Context and Reporting Period
This Form 8-K is a combined current report filed by Pinnacle West Capital Corporation and its subsidiary, Arizona Public Service Company (APS). The report covers the fiscal quarter ended March 31, 2006, with the filing date and press release issuance occurring on May 9, 2006.
Key Financial Metrics
The filing text serves as a cover document referencing detailed financial data contained in attached exhibits (99.2, 99.3, and 99.8). Consequently, the text of this Form 8-K does not provide clear values for specific revenue, profit, cash flow, margins, debt, or liquidity metrics. Investors must refer to the referenced exhibits for quantitative data.
Material Changes
The filing indicates that quarterly consolidated statistical summaries comparing the three-month periods ended March 31, 2006, and 2005 are available in Exhibit 99.2. However, the specific material changes or variances between these periods are not detailed in the body of this report.
Guidance, Outlook, and Risks
- Regulation FD Disclosure: The company provided statistical summaries and a glossary of terms to assist interested parties in understanding its business.
- Forward-Looking Statements: The company notes that the provided information may not represent all factors affecting operating or financial results.
- Data Reliability: Some information is preliminary and subject to significant adjustment. Data based on third-party sources may contain inaccuracies for which the company assumes no responsibility.
- Update Policy: The company assumes no obligation to update or correct the information and reserves the right to discontinue providing it at any time.
- Legal Status: Information furnished under Item 2.02 is not deemed "filed" under Section 18 of the Exchange Act and is not incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Verify specific revenue and earnings per share figures in Exhibit 99.8 (Earnings News Release).
- Review Exhibit 99.2 for the detailed comparison of the three-month periods ended March 31, 2006, and 2005.
- Confirm the status of any preliminary data noted in the statistical summaries before making investment decisions.
- Check the company website (www.pinnaclewest.com) for the concurrently posted information referenced in Item 7.01.