OMB APPROVAL
 ------ OMB Number 3235-0104
FORM 3 Expires: January 31, 2005
------ Estimated average burden
hours per response ....... 0.5
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person

    Brandt                         Donald                         E.
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    (Last)                         (First)                     (Middle)

    400 North 5th St.
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                                   (Street)

    Phoenix                          AZ                          85004
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    (City)                         (State)                       (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
11-22-02

3. I.R.S Identification Number of Reporting Person, if an entity (voluntary)

4. Issuer Name and Ticker or Trading Symbol

Pinnacle West Capital Corporation (PNW)

5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Chief Financial Officer

6. If Amendment, Date of Original (Month/Year)

7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person

FORM 3 (continued)
Table I -- Non-Derivative Securities Beneficially Owned

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                                         |                         | 3. Ownership Form: |
                                         | 2. Amount of Securities |    Direct (D) or   | 4. Nature of Indirect
1. Title of Security                     |    Beneficially Owned   |    Indirect (I)    |    Beneficial Ownership
   (Instr. 4)                            |    (Instr. 4)           |    (Instr. 5)      |    (Instr.5)
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   N/A
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.

                                   Table II -- Derivative Securities Beneficially Owned
                              (e.g., puts, calls, warrants, options, convertible securities)
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                                |                      |3. Title and Amount of  |             |              |
                                |                      |   Securities Underlying|             |5. Owner-     |
                                |                      |   Derivative Security  |             |   ship       |
                                |2. Date Exercisable   |   (Instr. 4)           |             |   Form of    |
                                |   and Expiration Date|------------------------|4. Conver-   |   Derivative |
                                |   (Month/Day/Year)   |              |  Amount |   sion or   |   Security:  |6. Nature of
                                |----------------------|              |  or     |   Exercise  |   Direct     |   Indirect
                                |  Date     |  Expira- |              |  Number |   Price of  |   (D) or In- |   Beneficial
1. Title of Derivative Security |  Exer-    |  tion    |              |  of     |   Derivative|   direct (I) |   Ownership
   (Instr. 4)                   |  cisable  |  Date    |    Title     |  Shares |   Security  |   (Instr.5)  |   (Instr. 5)
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   N/A
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Explanation of Responses:

Donald E. Brandt                        12-2-02
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**Signature of Reporting Person           Date
Donald E. Brandt	

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.
PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.