APS 2011 Annual Report Download - page 199

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174
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND
DIRECTOR INDEPENDENCE
Reference is hereby made to “Information About Our Board and Corporate Governance” and
“Related Party Transactions” in the 2012 Proxy Statement.
ITEM 14. PRINCIPAL ACCOUNTANT
FEES AND SERVICES
Pinnacle West
Reference is hereby made to “Accounting and Auditing Matters – Audit Fees and – Pre-
Approval Policies” in the 2012 Proxy Statement.
APS
The following fees were paid to APS’s independent registered public accountants, Deloitte &
Touche LLP, for the last two fiscal years:
Type of Service 2010 2011
Audit Fees (1) $ 1,330,173 $ 1,547,722
Audit-Related Fees (2) 138,247 183,091
(1) The aggregate fees billed for services rendered for the audit of annual financial statements
and for review of financial statements included in Reports on Form 10-Q.
(2) The aggregate fees billed for assurance services that are reasonably related to the
performance of the audit or review of the financial statements that are not included in Audit
Fees reported above, which primarily consist of fees for employee benefit plan audits
performed in 2011 and 2010.
Pinnacle West's Audit Committee pre-approves each audit service and non-audit service to be
provided by APS’s registered public accounting firm. The Audit Committee has delegated to the
Chairman of the Audit Committee the authority to pre-approve audit and non-audit services to be
performed by the independent public accountants if the services are not expected to cost more than
$50,000. The Chairman must report any pre-approval decisions to the Audit Committee at its next
scheduled meeting. All of the services performed by Deloitte & Touche LLP for APS were pre-
approved by the Audit Committee.