SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Pinnacle West Capital Corp.
 (Name of Issuer)
Common Stock
 (Title of Class of Securities)
723484101
(CUSIP Number)
*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 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).

CUSIP No.       723484101
                ---------

------------------------------------------------------------------------------
 (1) Names of Reporting Persons.
        I.R.S. Identification Nos. of above persons (entities only).

        Barclays Global Investors. N.A.,  943112180
------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a Group*
(a)  / /
(b)  /X/
------------------------------------------------------------------------------
(3) SEC Use Only

------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
        U.S.A.
------------------------------------------------------------------------------
Number of Shares                                (5) Sole Voting Power
Beneficially Owned                                      3,603,671
by Each Reporting                               ------------------------------
Person With                                     (6) Shared Voting Power
                                                        0
                                                ------------------------------
                                                (7) Sole Dispositive Power
                                                        3,903,317
                                                ------------------------------
                                                (8) Shared Dispositive Power
                                                        0
------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
        3,903,317
------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*

------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
        4.61%
------------------------------------------------------------------------------
(12) Type of Reporting Person*
        BK
------------------------------------------------------------------------------

CUSIP No.       723484101
                ---------

------------------------------------------------------------------------------
 (1) Names of Reporting Persons.
        I.R.S. Identification Nos. of above persons (entities only).

        Barclays Global Fund Advisors
------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a Group*
(a)  / /
(b)  /X/
------------------------------------------------------------------------------
(3) SEC Use Only

------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
        U.S.A.
------------------------------------------------------------------------------
Number of Shares                                (5) Sole Voting Power
Beneficially Owned                                      366,960
by Each Reporting                               ------------------------------
Person With                                     (6) Shared Voting Power
                                                        0
                                                ------------------------------
                                                (7) Sole Dispositive Power
                                                        366,960
                                                ------------------------------
                                                (8) Shared Dispositive Power
                                                        0
------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
        366,960
------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*

------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
        0.43%
------------------------------------------------------------------------------
(12) Type of Reporting Person*
        BK
------------------------------------------------------------------------------

CUSIP No.       723484101
                ---------

------------------------------------------------------------------------------
 (1) Names of Reporting Persons.
        I.R.S. Identification Nos. of above persons (entities only).

        Barclays Global Investors, LTD.
------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a Group*
(a)  / /
(b)  /X/
------------------------------------------------------------------------------
(3) SEC Use Only

------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
        United Kingdom
------------------------------------------------------------------------------
Number of Shares                                (5) Sole Voting Power
Beneficially Owned                                      251,807
by Each Reporting                               ------------------------------
Person With                                     (6) Shared Voting Power
                                                        0
                                                ------------------------------
                                                (7) Sole Dispositive Power
                                                        258,807
                                                ------------------------------
                                                (8) Shared Dispositive Power
                                                        0
------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
        258,807
------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*

------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
        0.31%
------------------------------------------------------------------------------
(12) Type of Reporting Person*
        BK
------------------------------------------------------------------------------

CUSIP No.       723484101
                ---------

------------------------------------------------------------------------------
 (1) Names of Reporting Persons.
        I.R.S. Identification Nos. of above persons (entities only).

        Barclays Funds Limited
------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a Group*
(a)  / /
(b)  /X/
------------------------------------------------------------------------------
(3) SEC Use Only

------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
        United Kingdom
------------------------------------------------------------------------------
Number of Shares                                (5) Sole Voting Power
Beneficially Owned                                      11,595
by Each Reporting                               ------------------------------
Person With                                     (6) Shared Voting Power
                                                        0
                                                ------------------------------
                                                (7) Sole Dispositive Power
                                                        11,595
                                                ------------------------------
                                                (8) Shared Dispositive Power
                                                        0
------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
        11,595
------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*

------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
        0.01%
------------------------------------------------------------------------------
(12) Type of Reporting Person*
        BK
------------------------------------------------------------------------------

 CUSIP No.      723484101
                ---------

------------------------------------------------------------------------------
 (1) Names of Reporting Persons.
        I.R.S. Identification Nos. of above persons (entities only).

        Barclays Life Assurance Company Ltd..
------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a Group*
(a)  / /
(b)  /X/
------------------------------------------------------------------------------
(3) SEC Use Only

------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
        United Kingdom
------------------------------------------------------------------------------
Number of Shares                                (5) Sole Voting Power
Beneficially Owned                                      3,104
by Each Reporting                               ------------------------------
Person With                                     (6) Shared Voting Power
                                                        0
                                                ------------------------------
                                                (7) Sole Dispositive Power
                                                        3,104
                                                ------------------------------
                                                (8) Shared Dispositive Power
                                                        0
------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
        3,104
------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
        0.00%
------------------------------------------------------------------------------
(12) Type of Reporting Person*
        BK
------------------------------------------------------------------------------

ITEM 1(A).      NAME OF ISSUER
                        Pinnacle West Capital Corp.
------------------------------------------------------------------------------
ITEM 1(B).      ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
                        400 N Fifth St, PO Box 53999
                        Phoenix, AZ 85072-3999
------------------------------------------------------------------------------
ITEM 2(A).      NAME OF PERSON(S) FILING
                        Barclays Global Investors, N.A.
------------------------------------------------------------------------------
ITEM 2(B).      ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
                        45 Fremont Street
                        San Francisco, CA 94105
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ITEM 2(C).      CITIZENSHIP
                        U.S.A
------------------------------------------------------------------------------
ITEM 2(D).      TITLE OF CLASS OF SECURITIES
                        Common Stock
------------------------------------------------------------------------------
ITEM 2(E).      CUSIP NUMBER
                        723484101
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ITEM 3.         IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A

(a) //  Broker or Dealer registered under Section 15 of the Act
        (15 U.S.C. 78o).
(b) /X/ Bank as defined in section 3(a) (6) of the Act (15 U.S.C. 78c).
(c) //  Insurance Company as defined in section 3(a) (19) of the Act
        (15 U.S.C. 78c).
(d) //  Investment Company registered under section 8 of the Investment
        Company Act of 1940 (15 U.S.C. 80a-8).
(e) //  Investment Adviser in accordance with section 240.13d(b)(1)(ii)(E).
(f) //  Employee Benefit Plan or endowment fund in accordance with section
        240.13d-1(b)(1)(ii)(F).
(g) //  Parent Holding Company or control person in accordance with section
        240.13d-1(b)(1)(ii)(G).
(h) //  A savings association as defined in section 3(b) of the Federal Deposit
        Insurance Act (12 U.S.C. 1813).
(i) //  A church plan that is excluded from the definition of an investment
        company under section 3(c)(14) of the Investment Company Act of 1940
        (15U.S.C. 80a-3).
(j) //  Group, in accordance with section 240.13d-1(b)(1)(ii)(J)
ITEM 1(A).      NAME OF ISSUER
                        Pinnacle West Capital Corp.
------------------------------------------------------------------------------
ITEM 1(B).      ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
                        400 N Fifth St, PO Box 53999
                        Phoenix, AZ 85072-3999
------------------------------------------------------------------------------
ITEM 2(A).      NAME OF PERSON(S) FILING
                        Barclays Global Fund Advisors
------------------------------------------------------------------------------
ITEM 2(B).      ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
                        45 Fremont Street
                        San Francisco, CA 94105
------------------------------------------------------------------------------
ITEM 2(C).      CITIZENSHIP
                        U.S.A
------------------------------------------------------------------------------
ITEM 2(D).      TITLE OF CLASS OF SECURITIES
                        Common Stock
------------------------------------------------------------------------------
ITEM 2(E).      CUSIP NUMBER
                        723484101
------------------------------------------------------------------------------
ITEM 3.         IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A

(a) //  Broker or Dealer registered under Section 15 of the Act
        (15 U.S.C. 78o).
(b) /X/ Bank as defined in section 3(a) (6) of the Act (15 U.S.C. 78c).
(c) //  Insurance Company as defined in section 3(a) (19) of the Act
        (15 U.S.C. 78c).
(d) //  Investment Company registered under section 8 of the Investment
        Company Act of 1940 (15 U.S.C. 80a-8).
(e) //  Investment Adviser in accordance with section 240.13d(b)(1)(ii)(E).
(f) //  Employee Benefit Plan or endowment fund in accordance with section
        240.13d-1(b)(1)(ii)(F).
(g) //  Parent Holding Company or control person in accordance with section
        240.13d-1(b)(1)(ii)(G).
(h) //  A savings association as defined in section 3(b) of the Federal Deposit
        Insurance Act (12 U.S.C. 1813).
(i) //  A church plan that is excluded from the definition of an investment
        company under section 3(c)(14) of the Investment Company Act of 1940
        (15U.S.C. 80a-3).
(j) //  Group, in accordance with section 240.13d-1(b)(1)(ii)(J)
ITEM 1(A).      NAME OF ISSUER
                        Pinnacle West Capital Corp.
------------------------------------------------------------------------------
ITEM 1(B).      ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
                        400 N Fifth St, PO Box 53999
                        Phoenix, AZ 85072-3999
------------------------------------------------------------------------------
ITEM 2(A).      NAME OF PERSON(S) FILING
                        Barclays Global Investors, LTD
------------------------------------------------------------------------------
ITEM 2(B).      ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
                        Murray House, 1 Royal Mint Court
                        London, England EC3 NHH
------------------------------------------------------------------------------
ITEM 2(C).      CITIZENSHIP
                        United Kingdom
------------------------------------------------------------------------------
ITEM 2(D).      TITLE OF CLASS OF SECURITIES
                        Common Stock
------------------------------------------------------------------------------
ITEM 2(E).      CUSIP NUMBER
                        723484101
------------------------------------------------------------------------------
ITEM 3.         IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A

(a) //  Broker or Dealer registered under Section 15 of the Act
        (15 U.S.C. 78o).
(b) /X/ Bank as defined in section 3(a) (6) of the Act (15 U.S.C. 78c).
(c) //  Insurance Company as defined in section 3(a) (19) of the Act
        (15 U.S.C. 78c).
(d) //  Investment Company registered under section 8 of the Investment
        Company Act of 1940 (15 U.S.C. 80a-8).
(e) //  Investment Adviser in accordance with section 240.13d(b)(1)(ii)(E).
(f) //  Employee Benefit Plan or endowment fund in accordance with section
        240.13d-1(b)(1)(ii)(F).
(g) //  Parent Holding Company or control person in accordance with section
        240.13d-1(b)(1)(ii)(G).
(h) //  A savings association as defined in section 3(b) of the Federal Deposit
        Insurance Act (12 U.S.C. 1813).
(i) //  A church plan that is excluded from the definition of an investment
        company under section 3(c)(14) of the Investment Company Act of 1940
        (15U.S.C. 80a-3).
(j) //  Group, in accordance with section 240.13d-1(b)(1)(ii)(J)

ITEM 1(A).      NAME OF ISSUER
                        Pinnacle West Capital Corp.
------------------------------------------------------------------------------
ITEM 1(B).      ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
                        400 N Fifth St, PO Box 53999
                        Phoenix, AZ 85072-3999
------------------------------------------------------------------------------
ITEM 2(A).      NAME OF PERSON(S) FILING
                        Barclays Funds Ltd.
------------------------------------------------------------------------------
ITEM 2(B).      ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
                        Gredley House, 11 The Broadway
                        Stratford, England, E15 4BJ
------------------------------------------------------------------------------
ITEM 2(C).      CITIZENSHIP
                        United Kingdom
------------------------------------------------------------------------------
ITEM 2(D).      TITLE OF CLASS OF SECURITIES
                        Common Stock
------------------------------------------------------------------------------
ITEM 2(E).      CUSIP NUMBER
                        723484101
------------------------------------------------------------------------------
ITEM 3.         IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A

(a) //  Broker or Dealer registered under Section 15 of the Act
        (15 U.S.C. 78o).
(b) /X/ Bank as defined in section 3(a) (6) of the Act (15 U.S.C. 78c).
(c) //  Insurance Company as defined in section 3(a) (19) of the Act
        (15 U.S.C. 78c).
(d) //  Investment Company registered under section 8 of the Investment
        Company Act of 1940 (15 U.S.C. 80a-8).
(e) //  Investment Adviser in accordance with section 240.13d(b)(1)(ii)(E).
(f) //  Employee Benefit Plan or endowment fund in accordance with section
        240.13d-1(b)(1)(ii)(F).
(g) //  Parent Holding Company or control person in accordance with section
        240.13d-1(b)(1)(ii)(G).
(h) //  A savings association as defined in section 3(b) of the Federal Deposit
        Insurance Act (12 U.S.C. 1813).
(i) //  A church plan that is excluded from the definition of an investment
        company under section 3(c)(14) of the Investment Company Act of 1940
        (15U.S.C. 80a-3).
(j) //  Group, in accordance with section 240.13d-1(b)(1)(ii)(J)

ITEM 1(A).      NAME OF ISSUER
                        Pinnacle West Capital Corp.
------------------------------------------------------------------------------
ITEM 1(B).      ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
                        400 N Fifth St, PO Box 53999
                        Phoenix, AZ 85072-3999
------------------------------------------------------------------------------
ITEM 2(A).      NAME OF PERSON(S) FILING
                        Barclays Life Assurance Company, Ltd.
------------------------------------------------------------------------------
ITEM 2(B).      ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
                        Unicorn House, 5th Flr., 252 Romford Rd, Forest Gate
                        London, England E7 9JB
------------------------------------------------------------------------------
ITEM 2(C).      CITIZENSHIP
                        United Kingdom
------------------------------------------------------------------------------
ITEM 2(D).      TITLE OF CLASS OF SECURITIES
                        Common Stock
------------------------------------------------------------------------------
ITEM 2(E).      CUSIP NUMBER
                        723484101
------------------------------------------------------------------------------
ITEM 3.         IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A
(a) //  Broker or Dealer registered under Section 15 of the Act
        (15 U.S.C. 78o).
(b) /X/ Bank as defined in section 3(a) (6) of the Act (15 U.S.C. 78c).
(c) //  Insurance Company as defined in section 3(a) (19) of the Act
        (15 U.S.C. 78c).
(d) //  Investment Company registered under section 8 of the Investment
        Company Act of 1940 (15 U.S.C. 80a-8).
(e) //  Investment Adviser in accordance with section 240.13d(b)(1)(ii)(E).
(f) //  Employee Benefit Plan or endowment fund in accordance with section
        240.13d-1(b)(1)(ii)(F).
(g) //  Parent Holding Company or control person in accordance with section
        240.13d-1(b)(1)(ii)(G).
(h) //  A savings association as defined in section 3(b) of the Federal Deposit
        Insurance Act (12 U.S.C. 1813).
(i) //  A church plan that is excluded from the definition of an investment
        company under section 3(c)(14) of the Investment Company Act of 1940
        (15U.S.C. 80a-3).
(j) //  Group, in accordance with section 240.13d-1(b)(1)(ii)(J)

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.

(a)  Amount Beneficially Owned:
                4,543,783
------------------------------------------------------------------------------

(b)  Percent of Class:
        5.37%
------------------------------------------------------------------------------

(c)  Number of shares as to which such person has:
        (i)   sole power to vote or to direct the vote
                4,237,137
              ----------------------------------------------------------------
        (ii)  shared power to vote or to direct the vote
                0
              ----------------------------------------------------------------
        (iii) sole power to dispose or to direct the disposition of
                4,543,783
              ----------------------------------------------------------------
        (iv) shared power to dispose or to direct the disposition of
                0
              ----------------------------------------------------------------
ITEM 5. OWNERSHIP OF FIVE 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 five
percent of the class of securities, check the following. //
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
        The shares reported are held by the company in trust accounts for the
        economic benefit of the beneficiaries of those accounts.  See also
        Items 2(a) above.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
        THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
                Not applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
                Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
                Not applicable

ITEM 10.        CERTIFICATION

        (a) The following certification shall not be included if the statement
         is filed pursuant to section 240.13d-1(b):

                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.

        (b) The following certification shall be included if the statement
         is filed pursuant to section 240.13d-1(c):

                By signing below I certify that, to the best of my knowledge
                and belief, the securities referred to above 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.

                                                February 14, 2002
                                      ---------------------------------------
                                                Date

                                      ---------------------------------------
                                                Signature

                                                Rebecca Brubaker
                                                Manager of Compliance
                                      ---------------------------------------