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APS APS Responds to Voters' Defeat of Arizona Proposition 127

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"We've said throughout this campaign there is a better way to create a clean-energy future for Arizona that is also affordable and reliable," said APS Chairman, President and CEO Don Brandt.

Brandt said APS is launching an effort to gather ideas and seek input from customers and stakeholders representing diverse viewpoints. "The campaign is over, but we want to continue the conversation with Arizonans about clean energy and identify specific opportunities for APS to build energy infrastructure that will position Arizona for the future."

Brandt noted that Maricopa County is the fastest growing in the United States, and cited estimates that 340,000 new customers will move into the APS service territory by 2030. APS customer energy needs are expected to increase by more than 30 percent over that time period. "We will need significant investment in new resources including infrastructure, cleaner power generation and advanced energy technologies to support this growth and achieve a clean-energy future," said Brandt.

Brandt said APS supports a clean-energy strategy that:

"As the nation's largest producer of reliable emission-free energy, Palo Verde is the anchor of Arizona's clean-energy future," said Brandt. "Any serious plan to reduce carbon emissions has to include nuclear energy and Palo Verde."

"Our energy mix is already 50 percent clean, and the addition of battery storage technology on our existing solar facilities together with other initiatives, like increased infrastructure investment to support electric vehicles, will continue to advance our clean-energy vision," said Brandt. "We'll keep working in partnership with customers and policy makers to sustainably support Arizona's growth."

APS serves about 2.7 million people in 11 of Arizona's 15 counties, and is the Southwest's foremost producer of clean, safe and reliable electricity. With headquarters in Phoenix, APS is the principal subsidiary of Pinnacle West Capital Corp. (NYSE: PNW).