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Pinnacle West Capital Corporation's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Pinnacle West Capital Corporation (PNW)

Q2 2012 Earnings Call

August 2, 2012, 12:00 p.m. ET


Becky Hickman - Director, IR

Don Brandt Chairman & CEO

Jim Hatfield – CFO

Jeff Guldner – SVP, Customers & Regulations


Greg Gordon - ISI Group

Neil Mehta – Goldman Sachs

Shar Pourreza – Citigroup

Ali Agha – SunTrust

Brian Russo - Ladenburg Thalmann

Kevin Cole - Credit Suisse

Jim [inaudible] – UBS

Charles Fishman - Morningstar

Paul Patterson - Glenrock Associates



Greetings, and welcome to the Pinnacle West Capital Corporation’s 2012 second quarter earnings conference call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instructions).

It is now my please to introduce your host, Ms. Rebecca Hickman, Director of Investor Relations. Thank you, Ms. Hickman, you may begin.

Becky Hickman

Thank you, LaTonya. I’d like to thank everyone for participating in this conference call and webcast to review our second quarter 2012 earnings, recent developments operating performance.

Our speakers today will be our Chairman and CEO, Don Brandt and our CFO Jim Hatfield. Jeff Guldner, who is our APS Senior Vice President of Customers and Regulations is also here with us.

Before I turn the call over to our speakers, I need to cover a few details with you. First, the slides to which we refer are available on our Investor Relations website along with our earnings release and related information. Please note that the slides contain reconciliations of certain non-GAAP financial information. Also, all of our references to per-share amounts will be after income taxes and based on diluted shares outstanding.

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