Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 23, 2022, the Board of Directors of Arizona Public Service Company ("APS") appointed Adam Heflin as Executive Vice President and Chief Nuclear Officer, effective June 6, 2022. Mr. Heflin replaces Maria L. Lacal as Chief Nuclear Officer. Ms. Lacal will continue to serve as Executive Vice President and Advisor to the CEO. In connection with her previously announced retirement, Ms. Lacal indicated on May 23, 2022 that she is targeting an effective retirement date in August of 2022, but the exact retirement date will be determined at a later date.

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