Pinnacle West earns information technology honor

PHOENIX, Ariz., Sept. 24, 2001 – Pinnacle West Capital Corp. today announced that it was named to CMP Media’s InformationWeek 500, a prestigious listing of the largest and most innovative users of information technology.

Pinnacle West ranked No. 4 among utilities, up from 10th last year. Among all industries, Pinnacle West was ranked 130th, an improvement from last year’s overall 199 ranking. Pinnacle West earned a “Gold” rating for its technology strategy and “Silver” rating for its e-business strategy, business practices and customer knowledge.

For 13 years, CMP Media’s InformationWeek 500 has tracked businesses’ IT agendas, providing a unique opportunity to understand and examine their business practices across core areas of operations. Companies named to this list demonstrate a pattern of technological, procedural and organization innovation.

“What defines the leaders in the InformationWeek 500 is an intense focus on customers, a desire to collaborate, and a drive to improve employee productivity,” said Stephanie Stahl, editor of InformationWeek.

The InformationWeek 500 is the most detailed source of industry-specific IT budget data. The research project gathered in-depth information directly from companies about how they prioritize their IT investments. The research identified and ranked the companies following an extensive mail, phone and fax study, as well as a survey of senior IT executives on their organizational priorities and spending plans for the year ahead.

A full report of the InformationWeek 500 findings can be found at www.informationweek.com/iw500.

Pinnacle West is a Phoenix-based company with consolidated assets of approximately $7 billion. Through its subsidiaries, including APS, the company generates, sells and delivers electricity and sells energy-related products and services to retail and wholesale customers in the western United States. It also develops residential, commercial and industrial real estate projects.

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