SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Pinnacle West Capital Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
723484101
(CUSIP Number)
December 29, 2000
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Capital Research and Management Company 95-1411037
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5 SOLE VOTING POWER
NONE
6 SHARED VOTING POWER NUMBER OF SHARES NONE BENEFICIALL Y OWNED BY
7 SOLE DISPOSITIVE POWER EACH REPORTING 5,729,800 PERSON WITH:
8 SHARED DISPOSITIVE POWER
NONE
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,729,800 Beneficial ownership disclaimed pursuant to Rule 13d-4
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 (SEE INSTRUCTIONS)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.8%
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA

SECURITIES AND EXCHANGE COMMISSION
 Washington, DC 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Amendment No. 1
Item 1(a) Name of issuer:
Pinnacle West Capital Corporation
Item 1(b) Address of issuer's principal executive offices:
400 E. Van Buren St.
P.O. Box 52132
Phoenix, AZ 85072-2132
Item 2(a) Name of person(s) filing:
Capital Research and Management Company
Item 2(b) Address or principal business office or, if none, residence:
333 South Hope Street
Los Angeles, CA 90071
Item 2(c) Citizenship: N/A
Item 2(d) Title of class of securities:
Common Stock
Item 2(e) CUSIP No.:
 723484101
Item 3 If this statement is filed pursuant to sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filings is a:
(e) [X] An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).
Item 4 Ownership
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
See page 2
(a) Amount beneficially owned:
(b) Percent of class:
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
(ii) Shared power to vote or to direct the vote:
(iii) Sole power to dispose or to direct the disposition of:
(iv) Shared power to dispose or to direct the disposition of:

CUSIP: 723484101                                                Page 3 of 5	

       Capital Research and Management Company, an investment adviser
       registered under Section 203 of the Investment Advisers Act of 1940
       is deemed to be the beneficial owner of 5,729,800 shares or 6.8% of
       the 84,711,000 shares of Common Stock believed to be outstanding as
       a result of acting as investment adviser to various investment
       companies registered under Section 8 of the Investment Company Act
       of 1940.

Item 5   Ownership of 5 percent or Less of a Class.  If this statement is
       being filed to report the fact that as of the date hereof the
       reporting person has ceased to be the beneficial owner of more than
       5 percent of the class of securities, check the following: [ ]

Item 6   Ownership of More than 5% on Behalf of Another Person: N/A

Item 7   Identification and Classification of the Subsidiary Which Acquired
       the Security Being Reported on By the Parent Holding Company or
       Control Person.: N/A

Item 8   Identification and Classification of Members of the Group:  N/A

Item 9   Notice of Dissolution of Group:  N/A

Item 10   Certification

       By signing below, I certify that, to the best of my knowledge and
       belief, the securities referred to above were acquired and are held
       in the ordinary course of business and were not acquired and are
       not held for the purpose of or with the effect of changing or
       influencing the control of the issuer of the securities and were
       not acquired and are not held in connection with or as a
       participant in any transaction having that purpose or effect.

   Signature

       After reasonable inquiry and to the best of my knowledge and
       belief, I certify that the information set forth in this statement
       is true, complete and correct.

        Date:          February 9, 2001

        Signature:     *Paul G. Haaga, Jr.

        Name/Title:    Paul G. Haaga, Jr., Executive Vice
                       President

                       Capital Research and Management Company

CUSIP: 723484101                                                Page 4 of 5	

        *By

               James P. Ryan
               Attorney-in-fact

               Signed pursuant to a Power of Attorney dated December 19,
               2000 included as an Exhibit to Schedule 13G filed with the
               Securities and Exchange Commission by Capital Research and
               Management Company on February 9, 2001 with respect to 3COM

               Corporation