SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Pinnacle West Capital Corp, et al. – ‘10-Q’ for 3/31/20 – ‘EX-101.PRE’

On:  Friday, 5/8/20, at 8:36am ET   ·   For:  3/31/20   ·   Accession #:  764622-20-38   ·   File #s:  1-04473, 1-08962

Previous ‘10-Q’:  ‘10-Q’ on 11/7/19 for 9/30/19   ·   Next:  ‘10-Q’ on 8/6/20 for 6/30/20   ·   Latest:  ‘10-Q’ on 11/2/23 for 9/30/23   ·   8 References:   

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of               Filer                 Filing    For·On·As Docs:Size

 5/08/20  Pinnacle West Capital Corp        10-Q        3/31/20   90:14M
          Arizona Public Service Co

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.86M 
 2: EX-10.1     Material Contract                                   HTML     71K 
 3: EX-10.2     Material Contract                                   HTML    391K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     32K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     32K 
 6: EX-31.3     Certification -- §302 - SOA'02                      HTML     32K 
 7: EX-31.4     Certification -- §302 - SOA'02                      HTML     32K 
 8: EX-32.1     Certification -- §906 - SOA'02                      HTML     29K 
 9: EX-32.2     Certification -- §906 - SOA'02                      HTML     29K 
25: R1          Document and Entity Information                     HTML     88K 
56: R2          Condensed Consolidated Statements of Income         HTML    118K 
                (Unaudited)                                                      
83: R3          Condensed Consolidated Statements of Comprehensive  HTML     58K 
                Income (Unaudited)                                               
35: R4          Condensed Consolidated Statements of Comprehensive  HTML     35K 
                Income (Unaudited) (Parenthetical)                               
24: R5          Condensed Consolidated Balance Sheets (Unaudited)   HTML    251K 
55: R6          Condensed Consolidated Balance Sheets (Unaudited)   HTML     35K 
                (Parenthetical)                                                  
82: R7          Condensed Consolidated Statements of Cash Flows     HTML    141K 
                (Unaudited)                                                      
34: R8          Condensed Consolidated Statements of Changes in     HTML     87K 
                Equity (Unaudited)                                               
26: R9          Consolidation and Nature of Operations              HTML     52K 
19: R10         Revenue                                             HTML     59K 
47: R11         Long-Term Debt and Liquidity Matters                HTML     52K 
77: R12         Regulatory Matters                                  HTML    305K 
68: R13         Retirement Plans and Other Postretirement Benefits  HTML     60K 
20: R14         Palo Verde Sale Leaseback Variable Interest         HTML     39K 
                Entities                                                         
48: R15         Derivative Accounting                               HTML    141K 
78: R16         Commitments and Contingencies                       HTML     85K 
69: R17         Other Income and Other Expense                      HTML     65K 
18: R18         Earnings Per Share                                  HTML     42K 
49: R19         Fair Value Measurements                             HTML    228K 
79: R20         Investments in Nuclear Decommissioning Trusts and   HTML    117K 
                Other Special Use Funds                                          
53: R21         New Accounting Standards                            HTML     29K 
27: R22         Changes in Accumulated Other Comprehensive Loss     HTML     89K 
36: R23         Income Taxes                                        HTML     35K 
80: R24         Asset Retirement Obligations                        HTML     35K 
54: R25         New Accounting Standards (Policies)                 HTML     29K 
28: R26         Consolidation and Nature of Operations (Tables)     HTML     47K 
37: R27         Revenue (Tables)                                    HTML     52K 
81: R28         Long-Term Debt and Liquidity Matters (Tables)       HTML     42K 
52: R29         Regulatory Matters (Tables)                         HTML    189K 
66: R30         Retirement Plans and Other Postretirement Benefits  HTML     59K 
                (Tables)                                                         
76: R31         Palo Verde Sale Leaseback Variable Interest         HTML     37K 
                Entities (Tables)                                                
51: R32         Derivative Accounting (Tables)                      HTML    217K 
23: R33         Other Income and Other Expense (Tables)             HTML     64K 
65: R34         Earnings Per Share (Tables)                         HTML     42K 
75: R35         Fair Value Measurements (Tables)                    HTML    207K 
50: R36         Investments in Nuclear Decommissioning Trusts and   HTML    116K 
                Other Special Use Funds (Tables)                                 
22: R37         Changes in Accumulated Other Comprehensive Loss     HTML     88K 
                (Tables)                                                         
67: R38         Asset Retirement Obligations (Tables)               HTML     34K 
74: R39         Consolidation and Nature of Operations (Details)    HTML     42K 
60: R40         Revenue (Details)                                   HTML     44K 
90: R41         Revenue Allowance for Doubtful Accounts (Details)   HTML     33K 
39: R42         Long-Term Debt and Liquidity Matters - Narrative    HTML     93K 
                (Details)                                                        
30: R43         Long-Term Debt and Liquidity Matters - Estimated    HTML     35K 
                Fair Value of Long-Term Debt (Details)                           
59: R44         Regulatory Matters Regulatory Matters - COVID-19    HTML     50K 
                (Details)                                                        
89: R45         Regulatory Matters - Retail Rate Case Filing        HTML     70K 
                (Details)                                                        
38: R46         Regulatory Matters Regulatory Matters - Capital     HTML     40K 
                Structure and Costs of Capital (Details)                         
29: R47         Regulatory Matters - Cost Recovery Mechanism and    HTML    245K 
                Net Metering (Details)                                           
61: R48         Regulatory Matters - Four Corners and Cholla        HTML     37K 
                (Details)                                                        
86: R49         Regulatory Matters - Schedule of Regulatory Assets  HTML     81K 
                (Details)                                                        
71: R50         Regulatory Matters - Schedule of Regulatory         HTML     76K 
                Liabilities (Details)                                            
63: R51         Retirement Plans and Other Postretirement Benefits  HTML     55K 
                - Schedule of Net Benefit Cost (Details)                         
15: R52         Retirement Plans and Other Postretirement Benefits  HTML     34K 
                - Narrative (Details)                                            
43: R53         Palo Verde Sale Leaseback Variable Interest         HTML     58K 
                Entities - Narrative (Details)                                   
72: R54         Palo Verde Sale Leaseback Variable Interest         HTML     40K 
                Entities - Schedule of VIEs (Details)                            
64: R55         Derivative Accounting - Narrative (Details)         HTML     51K 
16: R56         Derivative Accounting - Schedule of Gross Notional  HTML     30K 
                Amounts Outstanding (Details)                                    
44: R57         Derivative Accounting - Gains and Losses from       HTML     41K 
                Derivative Instruments (Details)                                 
73: R58         Derivative Accounting - Derivative Instruments in   HTML     94K 
                the Balance Sheets (Details)                                     
62: R59         Derivative Accounting - Credit Risk and Credit      HTML     34K 
                Related Contingent Features (Details)                            
32: R60         Commitments and Contingencies - Palo Verde Nuclear  HTML     62K 
                Generating Station and Contractual Obligations                   
                (Details)                                                        
40: R61         Commitments and Contingencies - Superfund-Related   HTML     36K 
                Matters, Southwest Power Outage and Clean Air Act                
                (Details)                                                        
84: R62         Commitments and Contingencies - Environmental       HTML     86K 
                Matters and Financial Assurances (Details)                       
57: R63         Other Income and Other Expense (Details)            HTML     54K 
33: R64         Earnings Per Share (Details)                        HTML     51K 
41: R65         Fair Value Measurements - Assets and Liabilities    HTML    115K 
                Measured on a Recurring Basis (Details)                          
85: R66         Fair Value Measurements - Financial Instruments     HTML     30K 
                Not Carried at Fair Value (Details)                              
58: R67         Investments in Nuclear Decommissioning Trusts and   HTML    109K 
                Other Special Use Funds (Details)                                
31: R68         Changes in Accumulated Other Comprehensive Loss     HTML     55K 
                (Details)                                                        
42: R69         Income Taxes (Details)                              HTML     35K 
46: R70         Asset Retirement Obligations - Narrative (Details)  HTML     32K 
17: R71         Asset Retirement Obligations - Roll-Forward         HTML     39K 
                (Details)                                                        
45: XML         IDEA XML File -- Filing Summary                      XML    159K 
88: XML         XBRL Instance -- pnw-0331202010q_htm                 XML   3.75M 
21: EXCEL       IDEA Workbook of Financial Reports                  XLSX    116K 
11: EX-101.CAL  XBRL Calculations -- pnw-20200331_cal                XML    294K 
12: EX-101.DEF  XBRL Definitions -- pnw-20200331_def                 XML   1.24M 
13: EX-101.LAB  XBRL Labels -- pnw-20200331_lab                      XML   2.28M 
14: EX-101.PRE  XBRL Presentations -- pnw-20200331_pre               XML   1.36M 
10: EX-101.SCH  XBRL Schema -- pnw-20200331                          XSD    268K 
87: JSON        XBRL Instance as JSON Data -- MetaLinks              447±   682K 
70: ZIP         XBRL Zipped Folder -- 0000764622-20-000038-xbrl      Zip    527K 


‘EX-101.PRE’   —   XBRL Presentations — pnw-20200331_pre


This Exhibit is an XBRL XML File.


                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<!-- XBRL Document Created with Wdesk from Workiva -->
<!-- -->
<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<link:roleRef roleURI="http://pinnaclewest.com/role/AssetRetirementObligations" xlink:href="pnw-20200331.xsd#AssetRetirementObligations" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/AssetRetirementObligationsNarrativeDetails" xlink:href="pnw-20200331.xsd#AssetRetirementObligationsNarrativeDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/AssetRetirementObligationsRollForwardDetails" xlink:href="pnw-20200331.xsd#AssetRetirementObligationsRollForwardDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/AssetRetirementObligationsTables" xlink:href="pnw-20200331.xsd#AssetRetirementObligationsTables" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/ChangesInAccumulatedOtherComprehensiveLoss" xlink:href="pnw-20200331.xsd#ChangesInAccumulatedOtherComprehensiveLoss" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/ChangesInAccumulatedOtherComprehensiveLossDetails" xlink:href="pnw-20200331.xsd#ChangesInAccumulatedOtherComprehensiveLossDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/ChangesInAccumulatedOtherComprehensiveLossTables" xlink:href="pnw-20200331.xsd#ChangesInAccumulatedOtherComprehensiveLossTables" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/CommitmentsAndContingencies" xlink:href="pnw-20200331.xsd#CommitmentsAndContingencies" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/CommitmentsAndContingenciesEnvironmentalMattersAndFinancialAssurancesDetails" xlink:href="pnw-20200331.xsd#CommitmentsAndContingenciesEnvironmentalMattersAndFinancialAssurancesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/CommitmentsAndContingenciesPaloVerdeNuclearGeneratingStationAndContractualObligationsDetails" xlink:href="pnw-20200331.xsd#CommitmentsAndContingenciesPaloVerdeNuclearGeneratingStationAndContractualObligationsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/CommitmentsAndContingenciesSuperfundRelatedMattersSouthwestPowerOutageAndCleanAirActDetails" xlink:href="pnw-20200331.xsd#CommitmentsAndContingenciesSuperfundRelatedMattersSouthwestPowerOutageAndCleanAirActDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/CondensedConsolidatedBalanceSheetsUnaudited" xlink:href="pnw-20200331.xsd#CondensedConsolidatedBalanceSheetsUnaudited" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical" xlink:href="pnw-20200331.xsd#CondensedConsolidatedBalanceSheetsUnauditedParenthetical" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" xlink:href="pnw-20200331.xsd#CondensedConsolidatedStatementsOfCashFlowsUnaudited" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/CondensedConsolidatedStatementsOfChangesInEquityUnaudited" xlink:href="pnw-20200331.xsd#CondensedConsolidatedStatementsOfChangesInEquityUnaudited" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/CondensedConsolidatedStatementsOfComprehensiveIncomeUnaudited" xlink:href="pnw-20200331.xsd#CondensedConsolidatedStatementsOfComprehensiveIncomeUnaudited" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/CondensedConsolidatedStatementsOfComprehensiveIncomeUnauditedParenthetical" xlink:href="pnw-20200331.xsd#CondensedConsolidatedStatementsOfComprehensiveIncomeUnauditedParenthetical" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" xlink:href="pnw-20200331.xsd#CondensedConsolidatedStatementsOfIncomeUnaudited" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/ConsolidationAndNatureOfOperations" xlink:href="pnw-20200331.xsd#ConsolidationAndNatureOfOperations" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/ConsolidationAndNatureOfOperationsDetails" xlink:href="pnw-20200331.xsd#ConsolidationAndNatureOfOperationsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/ConsolidationAndNatureOfOperationsTables" xlink:href="pnw-20200331.xsd#ConsolidationAndNatureOfOperationsTables" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/DerivativeAccounting" xlink:href="pnw-20200331.xsd#DerivativeAccounting" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/DerivativeAccountingCreditRiskAndCreditRelatedContingentFeaturesDetails" xlink:href="pnw-20200331.xsd#DerivativeAccountingCreditRiskAndCreditRelatedContingentFeaturesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/DerivativeAccountingDerivativeInstrumentsInBalanceSheetsDetails" xlink:href="pnw-20200331.xsd#DerivativeAccountingDerivativeInstrumentsInBalanceSheetsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/DerivativeAccountingGainsAndLossesFromDerivativeInstrumentsDetails" xlink:href="pnw-20200331.xsd#DerivativeAccountingGainsAndLossesFromDerivativeInstrumentsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/DerivativeAccountingNarrativeDetails" xlink:href="pnw-20200331.xsd#DerivativeAccountingNarrativeDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/DerivativeAccountingScheduleOfGrossNotionalAmountsOutstandingDetails" xlink:href="pnw-20200331.xsd#DerivativeAccountingScheduleOfGrossNotionalAmountsOutstandingDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/DerivativeAccountingTables" xlink:href="pnw-20200331.xsd#DerivativeAccountingTables" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/DocumentAndEntityInformation" xlink:href="pnw-20200331.xsd#DocumentAndEntityInformation" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/EarningsPerShare" xlink:href="pnw-20200331.xsd#EarningsPerShare" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/EarningsPerShareDetails" xlink:href="pnw-20200331.xsd#EarningsPerShareDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/EarningsPerShareTables" xlink:href="pnw-20200331.xsd#EarningsPerShareTables" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/FairValueMeasurements" xlink:href="pnw-20200331.xsd#FairValueMeasurements" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/FairValueMeasurementsAssetsAndLiabilitiesMeasuredOnRecurringBasisDetails" xlink:href="pnw-20200331.xsd#FairValueMeasurementsAssetsAndLiabilitiesMeasuredOnRecurringBasisDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/FairValueMeasurementsFinancialInstrumentsNotCarriedAtFairValueDetails" xlink:href="pnw-20200331.xsd#FairValueMeasurementsFinancialInstrumentsNotCarriedAtFairValueDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/FairValueMeasurementsTables" xlink:href="pnw-20200331.xsd#FairValueMeasurementsTables" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/IncomeTaxes" xlink:href="pnw-20200331.xsd#IncomeTaxes" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/IncomeTaxesDetails" xlink:href="pnw-20200331.xsd#IncomeTaxesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/InvestmentsInNuclearDecommissioningTrustsAndOtherSpecialUseFunds" xlink:href="pnw-20200331.xsd#InvestmentsInNuclearDecommissioningTrustsAndOtherSpecialUseFunds" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/InvestmentsInNuclearDecommissioningTrustsAndOtherSpecialUseFundsDetails" xlink:href="pnw-20200331.xsd#InvestmentsInNuclearDecommissioningTrustsAndOtherSpecialUseFundsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/InvestmentsInNuclearDecommissioningTrustsAndOtherSpecialUseFundsTables" xlink:href="pnw-20200331.xsd#InvestmentsInNuclearDecommissioningTrustsAndOtherSpecialUseFundsTables" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/LongTermDebtAndLiquidityMatters" xlink:href="pnw-20200331.xsd#LongTermDebtAndLiquidityMatters" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/LongTermDebtAndLiquidityMattersEstimatedFairValueOfLongTermDebtDetails" xlink:href="pnw-20200331.xsd#LongTermDebtAndLiquidityMattersEstimatedFairValueOfLongTermDebtDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/LongTermDebtAndLiquidityMattersNarrativeDetails" xlink:href="pnw-20200331.xsd#LongTermDebtAndLiquidityMattersNarrativeDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/LongTermDebtAndLiquidityMattersTables" xlink:href="pnw-20200331.xsd#LongTermDebtAndLiquidityMattersTables" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/NewAccountingStandards" xlink:href="pnw-20200331.xsd#NewAccountingStandards" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/NewAccountingStandardsPolicies" xlink:href="pnw-20200331.xsd#NewAccountingStandardsPolicies" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/OtherIncomeAndOtherExpense" xlink:href="pnw-20200331.xsd#OtherIncomeAndOtherExpense" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/OtherIncomeAndOtherExpenseDetails" xlink:href="pnw-20200331.xsd#OtherIncomeAndOtherExpenseDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/OtherIncomeAndOtherExpenseTables" xlink:href="pnw-20200331.xsd#OtherIncomeAndOtherExpenseTables" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/PaloVerdeSaleLeasebackVariableInterestEntities" xlink:href="pnw-20200331.xsd#PaloVerdeSaleLeasebackVariableInterestEntities" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/PaloVerdeSaleLeasebackVariableInterestEntitiesNarrativeDetails" xlink:href="pnw-20200331.xsd#PaloVerdeSaleLeasebackVariableInterestEntitiesNarrativeDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/PaloVerdeSaleLeasebackVariableInterestEntitiesScheduleOfViesDetails" xlink:href="pnw-20200331.xsd#PaloVerdeSaleLeasebackVariableInterestEntitiesScheduleOfViesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/PaloVerdeSaleLeasebackVariableInterestEntitiesTables" xlink:href="pnw-20200331.xsd#PaloVerdeSaleLeasebackVariableInterestEntitiesTables" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RegulatoryMatters" xlink:href="pnw-20200331.xsd#RegulatoryMatters" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RegulatoryMattersCostRecoveryMechanismAndNetMeteringDetails" xlink:href="pnw-20200331.xsd#RegulatoryMattersCostRecoveryMechanismAndNetMeteringDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RegulatoryMattersFourCornersAndChollaDetails" xlink:href="pnw-20200331.xsd#RegulatoryMattersFourCornersAndChollaDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RegulatoryMattersRegulatoryMattersCapitalStructureAndCostsOfCapitalDetails" xlink:href="pnw-20200331.xsd#RegulatoryMattersRegulatoryMattersCapitalStructureAndCostsOfCapitalDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RegulatoryMattersRegulatoryMattersCovid19Details" xlink:href="pnw-20200331.xsd#RegulatoryMattersRegulatoryMattersCovid19Details" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RegulatoryMattersRetailRateCaseFilingDetails" xlink:href="pnw-20200331.xsd#RegulatoryMattersRetailRateCaseFilingDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RegulatoryMattersScheduleOfRegulatoryAssetsDetails" xlink:href="pnw-20200331.xsd#RegulatoryMattersScheduleOfRegulatoryAssetsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RegulatoryMattersScheduleOfRegulatoryLiabilitiesDetails" xlink:href="pnw-20200331.xsd#RegulatoryMattersScheduleOfRegulatoryLiabilitiesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RegulatoryMattersTables" xlink:href="pnw-20200331.xsd#RegulatoryMattersTables" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RetirementPlansAndOtherPostretirementBenefits" xlink:href="pnw-20200331.xsd#RetirementPlansAndOtherPostretirementBenefits" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RetirementPlansAndOtherPostretirementBenefitsNarrativeDetails" xlink:href="pnw-20200331.xsd#RetirementPlansAndOtherPostretirementBenefitsNarrativeDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RetirementPlansAndOtherPostretirementBenefitsScheduleOfNetBenefitCostDetails" xlink:href="pnw-20200331.xsd#RetirementPlansAndOtherPostretirementBenefitsScheduleOfNetBenefitCostDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RetirementPlansAndOtherPostretirementBenefitsTables" xlink:href="pnw-20200331.xsd#RetirementPlansAndOtherPostretirementBenefitsTables" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/Revenue" xlink:href="pnw-20200331.xsd#Revenue" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RevenueAllowanceForDoubtfulAccountsDetails" xlink:href="pnw-20200331.xsd#RevenueAllowanceForDoubtfulAccountsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RevenueDetails" xlink:href="pnw-20200331.xsd#RevenueDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://pinnaclewest.com/role/RevenueTables" xlink:href="pnw-20200331.xsd#RevenueTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" xlink:type="simple"/>
<link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" xlink:type="simple"/>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/AssetRetirementObligations" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligationDisclosureAbstract" xlink:label="loc_us-gaap_AssetRetirementObligationDisclosureAbstract_B357C8EA1928B15F31EF30F9BCB7D81D" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligationDisclosureTextBlock" xlink:label="loc_us-gaap_AssetRetirementObligationDisclosureTextBlock_445C616D21ADE1DAD6A230F9BCB75C9B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetRetirementObligationDisclosureAbstract_B357C8EA1928B15F31EF30F9BCB7D81D" xlink:to="loc_us-gaap_AssetRetirementObligationDisclosureTextBlock_445C616D21ADE1DAD6A230F9BCB75C9B" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/AssetRetirementObligationsNarrativeDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligationDisclosureAbstract" xlink:label="loc_us-gaap_AssetRetirementObligationDisclosureAbstract_8B85737ABF7BC2D24722CD0A960C200E" xlink:type="locator"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ScheduleOfAssetRetirementObligationsTable" xlink:label="loc_pnw_ScheduleOfAssetRetirementObligationsTable_94E932AF2C7C737BD9BECD0A960C45CB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetRetirementObligationDisclosureAbstract_8B85737ABF7BC2D24722CD0A960C200E" xlink:to="loc_pnw_ScheduleOfAssetRetirementObligationsTable_94E932AF2C7C737BD9BECD0A960C45CB" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_C793BC596D3F07DBAA50CD0A960DAD88" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_ScheduleOfAssetRetirementObligationsTable_94E932AF2C7C737BD9BECD0A960C45CB" xlink:to="loc_dei_LegalEntityAxis_C793BC596D3F07DBAA50CD0A960DAD88" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_86D7BA89F453B8B3D37DCD0A960D2900" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_C793BC596D3F07DBAA50CD0A960DAD88" xlink:to="loc_dei_EntityDomain_86D7BA89F453B8B3D37DCD0A960D2900" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_AFBDBE636B8C2BE47146CD0A960D32CB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_86D7BA89F453B8B3D37DCD0A960D2900" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_AFBDBE636B8C2BE47146CD0A960D32CB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_08789E031663790F4FECCD0A960E1504" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_ScheduleOfAssetRetirementObligationsTable_94E932AF2C7C737BD9BECD0A960C45CB" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_08789E031663790F4FECCD0A960E1504" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_C98EBE52FF49A07CA806CD0A960E8A14" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentByTypeAxis_08789E031663790F4FECCD0A960E1504" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_C98EBE52FF49A07CA806CD0A960E8A14" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_FourCornersMember" xlink:label="loc_pnw_FourCornersMember_4E8AD82573F5CBAA1A01CD0A960F26FB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_C98EBE52FF49A07CA806CD0A960E8A14" xlink:to="loc_pnw_FourCornersMember_4E8AD82573F5CBAA1A01CD0A960F26FB" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_NavajoGeneratingStationMember" xlink:label="loc_pnw_NavajoGeneratingStationMember_2B37A925BE00701C8F53CD0A960FA748" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTypeDomain_C98EBE52FF49A07CA806CD0A960E8A14" xlink:to="loc_pnw_NavajoGeneratingStationMember_2B37A925BE00701C8F53CD0A960FA748" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AssetRetirementObligationsLineItems" xlink:label="loc_pnw_AssetRetirementObligationsLineItems_A62A2A94ABA954D8C723CD0A960FA5F5" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_ScheduleOfAssetRetirementObligationsTable_94E932AF2C7C737BD9BECD0A960C45CB" xlink:to="loc_pnw_AssetRetirementObligationsLineItems_A62A2A94ABA954D8C723CD0A960FA5F5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligationPeriodIncreaseDecrease" xlink:label="loc_us-gaap_AssetRetirementObligationPeriodIncreaseDecrease_65ACE9DFF743F09EFCE7CD0A960F314B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_AssetRetirementObligationsLineItems_A62A2A94ABA954D8C723CD0A960FA5F5" xlink:to="loc_us-gaap_AssetRetirementObligationPeriodIncreaseDecrease_65ACE9DFF743F09EFCE7CD0A960F314B" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/AssetRetirementObligationsRollForwardDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligationDisclosureAbstract" xlink:label="loc_us-gaap_AssetRetirementObligationDisclosureAbstract_127EB09705EA440208ADCD0A960250CF" xlink:type="locator"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ScheduleOfAssetRetirementObligationsTable" xlink:label="loc_pnw_ScheduleOfAssetRetirementObligationsTable_D0BECD713D5B849704E4CD0A9602DBB9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetRetirementObligationDisclosureAbstract_127EB09705EA440208ADCD0A960250CF" xlink:to="loc_pnw_ScheduleOfAssetRetirementObligationsTable_D0BECD713D5B849704E4CD0A9602DBB9" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_BD0776FA3BE5BB3AAA09CD0A96027BEB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_ScheduleOfAssetRetirementObligationsTable_D0BECD713D5B849704E4CD0A9602DBB9" xlink:to="loc_dei_LegalEntityAxis_BD0776FA3BE5BB3AAA09CD0A96027BEB" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_F71BA4B2BA85BCC73A96CD0A960362F4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_BD0776FA3BE5BB3AAA09CD0A96027BEB" xlink:to="loc_dei_EntityDomain_F71BA4B2BA85BCC73A96CD0A960362F4" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_63FD0F8A82CC055CD235CD0A9603250B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_F71BA4B2BA85BCC73A96CD0A960362F4" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_63FD0F8A82CC055CD235CD0A9603250B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AssetRetirementObligationsLineItems" xlink:label="loc_pnw_AssetRetirementObligationsLineItems_EDC7BE08F77EDCC8CE9FCD0A9603C518" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_ScheduleOfAssetRetirementObligationsTable_D0BECD713D5B849704E4CD0A9602DBB9" xlink:to="loc_pnw_AssetRetirementObligationsLineItems_EDC7BE08F77EDCC8CE9FCD0A9603C518" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligationRollForwardAnalysisRollForward" xlink:label="loc_us-gaap_AssetRetirementObligationRollForwardAnalysisRollForward_56B72F045D0C1C477A36CD0A9604AD04" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_AssetRetirementObligationsLineItems_EDC7BE08F77EDCC8CE9FCD0A9603C518" xlink:to="loc_us-gaap_AssetRetirementObligationRollForwardAnalysisRollForward_56B72F045D0C1C477A36CD0A9604AD04" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligation" xlink:label="loc_us-gaap_AssetRetirementObligation_C3B8BC2C4BC8FE48F6C6CD0A9604F4E1" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetRetirementObligationRollForwardAnalysisRollForward_56B72F045D0C1C477A36CD0A9604AD04" xlink:to="loc_us-gaap_AssetRetirementObligation_C3B8BC2C4BC8FE48F6C6CD0A9604F4E1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligationAbstract" xlink:label="loc_us-gaap_AssetRetirementObligationAbstract_9E31CD6B31413A655C9FCD0A96050852" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetRetirementObligationRollForwardAnalysisRollForward_56B72F045D0C1C477A36CD0A9604AD04" xlink:to="loc_us-gaap_AssetRetirementObligationAbstract_9E31CD6B31413A655C9FCD0A96050852" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligationAccretionExpense" xlink:label="loc_us-gaap_AssetRetirementObligationAccretionExpense_02B23383ADE54BB5A2A4CD0A96052013" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetRetirementObligationAbstract_9E31CD6B31413A655C9FCD0A96050852" xlink:to="loc_us-gaap_AssetRetirementObligationAccretionExpense_02B23383ADE54BB5A2A4CD0A96052013" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligationLiabilitiesSettled" xlink:label="loc_us-gaap_AssetRetirementObligationLiabilitiesSettled_5615D3A3DB2CA0B5F617CD0A96051E7C" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetRetirementObligationAbstract_9E31CD6B31413A655C9FCD0A96050852" xlink:to="loc_us-gaap_AssetRetirementObligationLiabilitiesSettled_5615D3A3DB2CA0B5F617CD0A96051E7C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligationRevisionOfEstimate" xlink:label="loc_us-gaap_AssetRetirementObligationRevisionOfEstimate_7B2E1F7231CA636D7EA0CD4198710394" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetRetirementObligationAbstract_9E31CD6B31413A655C9FCD0A96050852" xlink:to="loc_us-gaap_AssetRetirementObligationRevisionOfEstimate_7B2E1F7231CA636D7EA0CD4198710394" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligation" xlink:label="loc_us-gaap_AssetRetirementObligation_0CE19FA5E822B72268F1CD0A9605608B" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetRetirementObligationRollForwardAnalysisRollForward_56B72F045D0C1C477A36CD0A9604AD04" xlink:to="loc_us-gaap_AssetRetirementObligation_0CE19FA5E822B72268F1CD0A9605608B" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/AssetRetirementObligationsTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligationDisclosureAbstract" xlink:label="loc_us-gaap_AssetRetirementObligationDisclosureAbstract_AFFF0E748830230AEFD830F9BCB6DB98" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfChangeInAssetRetirementObligationTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfChangeInAssetRetirementObligationTableTextBlock_6FAB83FC8154432DDA7030F9BCB6B618" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetRetirementObligationDisclosureAbstract_AFFF0E748830230AEFD830F9BCB6DB98" xlink:to="loc_us-gaap_ScheduleOfChangeInAssetRetirementObligationTableTextBlock_6FAB83FC8154432DDA7030F9BCB6B618" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/ChangesInAccumulatedOtherComprehensiveLoss" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_65DA0FC8DD6E594D938516438FFEE7D8" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomeNoteTextBlock" xlink:label="loc_us-gaap_ComprehensiveIncomeNoteTextBlock_CE6D8CD6E6DE52E2A3C9D0037C229911" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_65DA0FC8DD6E594D938516438FFEE7D8" xlink:to="loc_us-gaap_ComprehensiveIncomeNoteTextBlock_CE6D8CD6E6DE52E2A3C9D0037C229911" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/ChangesInAccumulatedOtherComprehensiveLossDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_3064045CBDA99C7F75CB84F0BC6144AB" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_035915C4B4B8D80589AB84F0BC61312E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_3064045CBDA99C7F75CB84F0BC6144AB" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_035915C4B4B8D80589AB84F0BC61312E" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_5BE739C5D203E536373A84F0BC61E98B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_035915C4B4B8D80589AB84F0BC61312E" xlink:to="loc_dei_LegalEntityAxis_5BE739C5D203E536373A84F0BC61E98B" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_AFBB281456BBF47346B284F0BC614E94" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_5BE739C5D203E536373A84F0BC61E98B" xlink:to="loc_dei_EntityDomain_AFBB281456BBF47346B284F0BC614E94" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_52C4FE9A48A2B41DF29284F0BC611899" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_AFBB281456BBF47346B284F0BC614E94" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_52C4FE9A48A2B41DF29284F0BC611899" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_B3F580F37976DFD3A82684F0BC6154BE" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_035915C4B4B8D80589AB84F0BC61312E" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_B3F580F37976DFD3A82684F0BC6154BE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_C6DCC3A7F41669FC9E1B84F0BC6155F3" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_B3F580F37976DFD3A82684F0BC6154BE" xlink:to="loc_us-gaap_EquityComponentDomain_C6DCC3A7F41669FC9E1B84F0BC6155F3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember" xlink:label="loc_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_EE13E8FBC1C692C4D2EC84F0BC6146AA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_C6DCC3A7F41669FC9E1B84F0BC6155F3" xlink:to="loc_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_EE13E8FBC1C692C4D2EC84F0BC6146AA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember" xlink:label="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_3112F0BD346FB04260D784F0BC618E76" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_C6DCC3A7F41669FC9E1B84F0BC6155F3" xlink:to="loc_us-gaap_AccumulatedGainLossNetCashFlowHedgeParentMember_3112F0BD346FB04260D784F0BC618E76" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_E3F41DB01ABA9FF6EC2784F0BC611BB5" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_C6DCC3A7F41669FC9E1B84F0BC6155F3" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_E3F41DB01ABA9FF6EC2784F0BC611BB5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_ACF554001FEB82F7B01584F0BC61993D" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_035915C4B4B8D80589AB84F0BC61312E" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_ACF554001FEB82F7B01584F0BC61993D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract" xlink:label="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_E369A90CE40CDD64E9E184F0BC61EBA9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_ACF554001FEB82F7B01584F0BC61993D" xlink:to="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_E369A90CE40CDD64E9E184F0BC61EBA9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_A7BAC559A454A09EDEE084F0BC613AA4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_E369A90CE40CDD64E9E184F0BC61EBA9" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_A7BAC559A454A09EDEE084F0BC613AA4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_6D4B43E946CAF8487E6084F0BC614397" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_E369A90CE40CDD64E9E184F0BC61EBA9" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax_6D4B43E946CAF8487E6084F0BC614397" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax" xlink:label="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_98E11608335BE04DD78684F0BC610A63" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_E369A90CE40CDD64E9E184F0BC61EBA9" xlink:to="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax_98E11608335BE04DD78684F0BC610A63" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_FEAE221CE60EEF335E1F84F0BC61D1BB" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTaxAbstract_E369A90CE40CDD64E9E184F0BC61EBA9" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_FEAE221CE60EEF335E1F84F0BC61D1BB" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/ChangesInAccumulatedOtherComprehensiveLossTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAbstract" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_9D05F023F25E5C869DDD5CA80FD8D919" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_23E54E42ADCE51C89AA09C94484E4C94" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxAbstract_9D05F023F25E5C869DDD5CA80FD8D919" xlink:to="loc_us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock_23E54E42ADCE51C89AA09C94484E4C94" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/CommitmentsAndContingencies" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5DD6122065FE5239B170D8E3A01171B0" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_99690D6648DA536A81E8553E6C80FE4E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_5DD6122065FE5239B170D8E3A01171B0" xlink:to="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_99690D6648DA536A81E8553E6C80FE4E" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/CommitmentsAndContingenciesEnvironmentalMattersAndFinancialAssurancesDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_AC41C085DAB0CDDB48A07F33CB24B31F" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SiteContingencyTable" xlink:label="loc_us-gaap_SiteContingencyTable_3091BCA7A9C8E9E5E8DE7F33CB24446E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_AC41C085DAB0CDDB48A07F33CB24B31F" xlink:to="loc_us-gaap_SiteContingencyTable_3091BCA7A9C8E9E5E8DE7F33CB24446E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeAxis" xlink:label="loc_srt_RangeAxis_ACEAE08F267ED244DDFE7F33CB24613B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyTable_3091BCA7A9C8E9E5E8DE7F33CB24446E" xlink:to="loc_srt_RangeAxis_ACEAE08F267ED244DDFE7F33CB24613B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeMember" xlink:label="loc_srt_RangeMember_A7046FE687BE532E49377F33CB245E61" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_ACEAE08F267ED244DDFE7F33CB24613B" xlink:to="loc_srt_RangeMember_A7046FE687BE532E49377F33CB245E61" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MinimumMember" xlink:label="loc_srt_MinimumMember_F3E303874F02E0B1F6047F33CB25B754" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_A7046FE687BE532E49377F33CB245E61" xlink:to="loc_srt_MinimumMember_F3E303874F02E0B1F6047F33CB25B754" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MaximumMember" xlink:label="loc_srt_MaximumMember_828B3C5EB979803C71FF7F33CB25D491" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_A7046FE687BE532E49377F33CB245E61" xlink:to="loc_srt_MaximumMember_828B3C5EB979803C71FF7F33CB25D491" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EnvironmentalRemediationContingencyAxis" xlink:label="loc_us-gaap_EnvironmentalRemediationContingencyAxis_16FBB0D7B6FADA7220087F33CB25511D" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyTable_3091BCA7A9C8E9E5E8DE7F33CB24446E" xlink:to="loc_us-gaap_EnvironmentalRemediationContingencyAxis_16FBB0D7B6FADA7220087F33CB25511D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EnvironmentalRemediationContingencyDomain" xlink:label="loc_us-gaap_EnvironmentalRemediationContingencyDomain_A87D6A94D727013409997F33CB25378E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EnvironmentalRemediationContingencyAxis_16FBB0D7B6FADA7220087F33CB25511D" xlink:to="loc_us-gaap_EnvironmentalRemediationContingencyDomain_A87D6A94D727013409997F33CB25378E" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegionalHazeRulesMember" xlink:label="loc_pnw_RegionalHazeRulesMember_83ACBBFB09E8AB33827A7F33CB260F42" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EnvironmentalRemediationContingencyDomain_A87D6A94D727013409997F33CB25378E" xlink:to="loc_pnw_RegionalHazeRulesMember_83ACBBFB09E8AB33827A7F33CB260F42" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_CoalCombustionWasteMember" xlink:label="loc_pnw_CoalCombustionWasteMember_B6F824C48BF6800038107F33CB26C303" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EnvironmentalRemediationContingencyDomain_A87D6A94D727013409997F33CB25378E" xlink:to="loc_pnw_CoalCombustionWasteMember_B6F824C48BF6800038107F33CB26C303" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_F76FF7797736EA915B6A7F33CB26FD11" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyTable_3091BCA7A9C8E9E5E8DE7F33CB24446E" xlink:to="loc_dei_LegalEntityAxis_F76FF7797736EA915B6A7F33CB26FD11" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_CEB786C0CD6D2D01E3277F33CB267935" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_F76FF7797736EA915B6A7F33CB26FD11" xlink:to="loc_dei_EntityDomain_CEB786C0CD6D2D01E3277F33CB267935" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_A754D27D39F95AF0B59C7F33CB2648A8" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_CEB786C0CD6D2D01E3277F33CB267935" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_A754D27D39F95AF0B59C7F33CB2648A8" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_A4CAcquisitionLLCMember" xlink:label="loc_pnw_A4CAcquisitionLLCMember_1EEE989950467F6327267F33CB276B64" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_CEB786C0CD6D2D01E3277F33CB267935" xlink:to="loc_pnw_A4CAcquisitionLLCMember_1EEE989950467F6327267F33CB276B64" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_NavajoTransitionalEnergyCompanyLLCMember" xlink:label="loc_pnw_NavajoTransitionalEnergyCompanyLLCMember_0E20471F81B60B37F5E47F33CB273FFF" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_CEB786C0CD6D2D01E3277F33CB267935" xlink:to="loc_pnw_NavajoTransitionalEnergyCompanyLLCMember_0E20471F81B60B37F5E47F33CB273FFF" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EnvironmentalRemediationSiteAxis" xlink:label="loc_us-gaap_EnvironmentalRemediationSiteAxis_A998873D0238E28305C47F33CB2747D9" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyTable_3091BCA7A9C8E9E5E8DE7F33CB24446E" xlink:to="loc_us-gaap_EnvironmentalRemediationSiteAxis_A998873D0238E28305C47F33CB2747D9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EnvironmentalRemediationSiteDomain" xlink:label="loc_us-gaap_EnvironmentalRemediationSiteDomain_74AE5A8971B5908D98097F33CB27EB3D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EnvironmentalRemediationSiteAxis_A998873D0238E28305C47F33CB2747D9" xlink:to="loc_us-gaap_EnvironmentalRemediationSiteDomain_74AE5A8971B5908D98097F33CB27EB3D" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_FourCornersMember" xlink:label="loc_pnw_FourCornersMember_DA7016E42729B2DC90237F33CB2719A3" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EnvironmentalRemediationSiteDomain_74AE5A8971B5908D98097F33CB27EB3D" xlink:to="loc_pnw_FourCornersMember_DA7016E42729B2DC90237F33CB2719A3" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_NavajoGeneratingStationMember" xlink:label="loc_pnw_NavajoGeneratingStationMember_5BCCB01296EFF89845517F33CB28633B" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EnvironmentalRemediationSiteDomain_74AE5A8971B5908D98097F33CB27EB3D" xlink:to="loc_pnw_NavajoGeneratingStationMember_5BCCB01296EFF89845517F33CB28633B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ChollaMember" xlink:label="loc_pnw_ChollaMember_93EF2DFD0FCDED747B337F33CB28556B" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EnvironmentalRemediationSiteDomain_74AE5A8971B5908D98097F33CB27EB3D" xlink:to="loc_pnw_ChollaMember_93EF2DFD0FCDED747B337F33CB28556B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ChollaandFourCornersMember" xlink:label="loc_pnw_ChollaandFourCornersMember_C9A420FBC688551C87937F33CB280317" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EnvironmentalRemediationSiteDomain_74AE5A8971B5908D98097F33CB27EB3D" xlink:to="loc_pnw_ChollaandFourCornersMember_C9A420FBC688551C87937F33CB280317" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="loc_us-gaap_CreditFacilityAxis_B887A0A75E397415B26D7F33CB2887E7" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyTable_3091BCA7A9C8E9E5E8DE7F33CB24446E" xlink:to="loc_us-gaap_CreditFacilityAxis_B887A0A75E397415B26D7F33CB2887E7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_25E8CA47977CC50933987F33CB28F7AB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityAxis_B887A0A75E397415B26D7F33CB2887E7" xlink:to="loc_us-gaap_CreditFacilityDomain_25E8CA47977CC50933987F33CB28F7AB" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_NaturalGasTollingLetterOfCreditMember" xlink:label="loc_pnw_NaturalGasTollingLetterOfCreditMember_7E41EF74BFD7DEA94AD87F33CB29D94D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_25E8CA47977CC50933987F33CB28F7AB" xlink:to="loc_pnw_NaturalGasTollingLetterOfCreditMember_7E41EF74BFD7DEA94AD87F33CB29D94D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_C7EBBC559B6D7B878CD37F33CB290298" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyTable_3091BCA7A9C8E9E5E8DE7F33CB24446E" xlink:to="loc_us-gaap_DebtInstrumentAxis_C7EBBC559B6D7B878CD37F33CB290298" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_19C328CF5CE5612541F97F33CB29D904" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_C7EBBC559B6D7B878CD37F33CB290298" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_19C328CF5CE5612541F97F33CB29D904" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_LettersofCreditExpiringin2020Member" xlink:label="loc_pnw_LettersofCreditExpiringin2020Member_9B6D3BEDBABE9E03EDC77F33CB298BBB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_19C328CF5CE5612541F97F33CB29D904" xlink:to="loc_pnw_LettersofCreditExpiringin2020Member_9B6D3BEDBABE9E03EDC77F33CB298BBB" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SuretyBondsExpiringin2020Member" xlink:label="loc_pnw_SuretyBondsExpiringin2020Member_D1719D14779020516CBF7F33CB29B612" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_19C328CF5CE5612541F97F33CB29D904" xlink:to="loc_pnw_SuretyBondsExpiringin2020Member_D1719D14779020516CBF7F33CB29B612" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_LitigationCaseAxis" xlink:label="loc_srt_LitigationCaseAxis_51BB7DAA983CF42A2BD17F33CB2A4362" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyTable_3091BCA7A9C8E9E5E8DE7F33CB24446E" xlink:to="loc_srt_LitigationCaseAxis_51BB7DAA983CF42A2BD17F33CB2A4362" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_LitigationCaseTypeDomain" xlink:label="loc_srt_LitigationCaseTypeDomain_CAD85DBE17BE158FAB0C7F33CB2A9E71" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_LitigationCaseAxis_51BB7DAA983CF42A2BD17F33CB2A4362" xlink:to="loc_srt_LitigationCaseTypeDomain_CAD85DBE17BE158FAB0C7F33CB2A9E71" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_CoalSupplyAgreementArbitrationMember" xlink:label="loc_pnw_CoalSupplyAgreementArbitrationMember_4C6D14176B101F5C07077F33CB2A9265" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_LitigationCaseTypeDomain_CAD85DBE17BE158FAB0C7F33CB2A9E71" xlink:to="loc_pnw_CoalSupplyAgreementArbitrationMember_4C6D14176B101F5C07077F33CB2A9265" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_5BC9A9B829CBEFDD9B937F33CB2A719B" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyTable_3091BCA7A9C8E9E5E8DE7F33CB24446E" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_5BC9A9B829CBEFDD9B937F33CB2A719B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_0C27B990FBDB9B65A8B17F33CB2A8ED2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_5BC9A9B829CBEFDD9B937F33CB2A719B" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_0C27B990FBDB9B65A8B17F33CB2A8ED2" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_FourCornersUnits4And5Member" xlink:label="loc_pnw_FourCornersUnits4And5Member_3C1867A338694398BDCF7F33CB2B8317" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_0C27B990FBDB9B65A8B17F33CB2A8ED2" xlink:to="loc_pnw_FourCornersUnits4And5Member_3C1867A338694398BDCF7F33CB2B8317" xlink:type="arc"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_0C27B990FBDB9B65A8B17F33CB2A8ED2" xlink:to="loc_pnw_FourCornersMember_DA7016E42729B2DC90237F33CB2719A3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SiteContingencyLineItems" xlink:label="loc_us-gaap_SiteContingencyLineItems_5D928B6A4A6655B182917F33CB2B6EC8" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyTable_3091BCA7A9C8E9E5E8DE7F33CB24446E" xlink:to="loc_us-gaap_SiteContingencyLineItems_5D928B6A4A6655B182917F33CB2B6EC8" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PercentageOfShareOfCostOfControl" xlink:label="loc_pnw_PercentageOfShareOfCostOfControl_114AD6D22FDA38BC72B37F33CB2CFD90" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyLineItems_5D928B6A4A6655B182917F33CB2B6EC8" xlink:to="loc_pnw_PercentageOfShareOfCostOfControl_114AD6D22FDA38BC72B37F33CB2CFD90" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SiteContingencyLossExposureNotAccruedBestEstimate" xlink:label="loc_us-gaap_SiteContingencyLossExposureNotAccruedBestEstimate_0F8AF2594F6E6F3D73317F33CB2CCA7D" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyLineItems_5D928B6A4A6655B182917F33CB2B6EC8" xlink:to="loc_us-gaap_SiteContingencyLossExposureNotAccruedBestEstimate_0F8AF2594F6E6F3D73317F33CB2CCA7D" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AssetPurchaseAgreementAdditionalPercentageShareofCostofControl" xlink:label="loc_pnw_AssetPurchaseAgreementAdditionalPercentageShareofCostofControl_3892E988F6FC3CAC8EB07F33CB2CAE1A" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyLineItems_5D928B6A4A6655B182917F33CB2B6EC8" xlink:to="loc_pnw_AssetPurchaseAgreementAdditionalPercentageShareofCostofControl_3892E988F6FC3CAC8EB07F33CB2CAE1A" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AssetPurchaseAgreementSiteContingencyIncreaseinLossExposureNotAccruedBestEstimate" xlink:label="loc_pnw_AssetPurchaseAgreementSiteContingencyIncreaseinLossExposureNotAccruedBestEstimate_C727099CBF958DBF93AA7F33CB2C8BC3" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyLineItems_5D928B6A4A6655B182917F33CB2B6EC8" xlink:to="loc_pnw_AssetPurchaseAgreementSiteContingencyIncreaseinLossExposureNotAccruedBestEstimate_C727099CBF958DBF93AA7F33CB2C8BC3" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SupplyAgreementAbstract" xlink:label="loc_pnw_SupplyAgreementAbstract_ED57B52C3C045D39AB457F33CB2C3AD6" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyLineItems_5D928B6A4A6655B182917F33CB2B6EC8" xlink:to="loc_pnw_SupplyAgreementAbstract_ED57B52C3C045D39AB457F33CB2C3AD6" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AssetPurchaseAgreementOptiontoPurchaseOwnershipInterestPercentage" xlink:label="loc_pnw_AssetPurchaseAgreementOptiontoPurchaseOwnershipInterestPercentage_7CB9B44F09BD0C4FB5357F33CB2DEB14" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_SupplyAgreementAbstract_ED57B52C3C045D39AB457F33CB2C3AD6" xlink:to="loc_pnw_AssetPurchaseAgreementOptiontoPurchaseOwnershipInterestPercentage_7CB9B44F09BD0C4FB5357F33CB2DEB14" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AssetPurchaseAgreementProceedsfromOperatinganMaintenanceCostReimbursement" xlink:label="loc_pnw_AssetPurchaseAgreementProceedsfromOperatinganMaintenanceCostReimbursement_987C12DAD8AF76436A617F33CB2DBF86" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_SupplyAgreementAbstract_ED57B52C3C045D39AB457F33CB2C3AD6" xlink:to="loc_pnw_AssetPurchaseAgreementProceedsfromOperatinganMaintenanceCostReimbursement_987C12DAD8AF76436A617F33CB2DBF86" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NotesReceivableRelatedParties" xlink:label="loc_us-gaap_NotesReceivableRelatedParties_59EFDAD0C728A6B961AD7F5BEC974020" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_SupplyAgreementAbstract_ED57B52C3C045D39AB457F33CB2C3AD6" xlink:to="loc_us-gaap_NotesReceivableRelatedParties_59EFDAD0C728A6B961AD7F5BEC974020" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AssetPurchaseAgreementOperatingandMaintenanceCostReimbursementReceivable" xlink:label="loc_pnw_AssetPurchaseAgreementOperatingandMaintenanceCostReimbursementReceivable_5F648E3E6EF4DB51A1DE7F33CB2DE5F5" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_SupplyAgreementAbstract_ED57B52C3C045D39AB457F33CB2C3AD6" xlink:to="loc_pnw_AssetPurchaseAgreementOperatingandMaintenanceCostReimbursementReceivable_5F648E3E6EF4DB51A1DE7F33CB2DE5F5" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_FinancialAssurancesAbstract" xlink:label="loc_pnw_FinancialAssurancesAbstract_54ACB1CAD7DF9843F3407F33CB2D7D25" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyLineItems_5D928B6A4A6655B182917F33CB2B6EC8" xlink:to="loc_pnw_FinancialAssurancesAbstract_54ACB1CAD7DF9843F3407F33CB2D7D25" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="loc_us-gaap_LettersOfCreditOutstandingAmount_675A4DAA93971D2EAAEC7F33CB2DF15B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_FinancialAssurancesAbstract_54ACB1CAD7DF9843F3407F33CB2D7D25" xlink:to="loc_us-gaap_LettersOfCreditOutstandingAmount_675A4DAA93971D2EAAEC7F33CB2DF15B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SuretyBondsExpiringAmount" xlink:label="loc_pnw_SuretyBondsExpiringAmount_2FFE4F8EB9F1906BFA037F33CB2E2556" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_FinancialAssurancesAbstract_54ACB1CAD7DF9843F3407F33CB2D7D25" xlink:to="loc_pnw_SuretyBondsExpiringAmount_2FFE4F8EB9F1906BFA037F33CB2E2556" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_EquityContributionGuarantees" xlink:label="loc_pnw_EquityContributionGuarantees_BD4A35C3F20484FD9BB57F33CB2EA11C" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SiteContingencyLineItems_5D928B6A4A6655B182917F33CB2B6EC8" xlink:to="loc_pnw_EquityContributionGuarantees_BD4A35C3F20484FD9BB57F33CB2EA11C" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/CommitmentsAndContingenciesPaloVerdeNuclearGeneratingStationAndContractualObligationsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_12CC1D01886F306E672A7F33CB3DB6CB" xlink:type="locator"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ScheduleOfCommitmentsAndContingenciesTable" xlink:label="loc_pnw_ScheduleOfCommitmentsAndContingenciesTable_D89ECAF6E9826796E9C77F33CB3DDEB4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_12CC1D01886F306E672A7F33CB3DB6CB" xlink:to="loc_pnw_ScheduleOfCommitmentsAndContingenciesTable_D89ECAF6E9826796E9C77F33CB3DDEB4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_39DB87106D74F0A5AE3C7F33CB3DE8EB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_ScheduleOfCommitmentsAndContingenciesTable_D89ECAF6E9826796E9C77F33CB3DDEB4" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_39DB87106D74F0A5AE3C7F33CB3DE8EB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_D2C9529626BFC619F2627F33CB3D2F05" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_39DB87106D74F0A5AE3C7F33CB3DE8EB" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_D2C9529626BFC619F2627F33CB3D2F05" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_044DE7B0AB3F6497E54E7F33CB3EA8FC" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_D2C9529626BFC619F2627F33CB3D2F05" xlink:to="loc_us-gaap_SubsequentEventMember_044DE7B0AB3F6497E54E7F33CB3EA8FC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_188E0670486CE6FDE80D7F33CB3F7536" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_ScheduleOfCommitmentsAndContingenciesTable_D89ECAF6E9826796E9C77F33CB3DDEB4" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_188E0670486CE6FDE80D7F33CB3F7536" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_595FBE5EED1DE8E4EB1C7F33CB3F53E5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_188E0670486CE6FDE80D7F33CB3F7536" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_595FBE5EED1DE8E4EB1C7F33CB3F53E5" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_FourCornersMember" xlink:label="loc_pnw_FourCornersMember_435F0E54C29ECAE437C17F33CB3FA671" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_595FBE5EED1DE8E4EB1C7F33CB3F53E5" xlink:to="loc_pnw_FourCornersMember_435F0E54C29ECAE437C17F33CB3FA671" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_2268C1B0DAA18CB8D0A37F33CB40DFDB" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_ScheduleOfCommitmentsAndContingenciesTable_D89ECAF6E9826796E9C77F33CB3DDEB4" xlink:to="loc_dei_LegalEntityAxis_2268C1B0DAA18CB8D0A37F33CB40DFDB" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_D10D181C9F175F9D91C87F33CB40FEF4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_2268C1B0DAA18CB8D0A37F33CB40DFDB" xlink:to="loc_dei_EntityDomain_D10D181C9F175F9D91C87F33CB40FEF4" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_BF43C4BDC2AB129C0C567F33CB4028FD" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_D10D181C9F175F9D91C87F33CB40FEF4" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_BF43C4BDC2AB129C0C567F33CB4028FD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_LitigationCaseAxis" xlink:label="loc_srt_LitigationCaseAxis_41DF825B9C677AE2CA017F33CB402BE8" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_ScheduleOfCommitmentsAndContingenciesTable_D89ECAF6E9826796E9C77F33CB3DDEB4" xlink:to="loc_srt_LitigationCaseAxis_41DF825B9C677AE2CA017F33CB402BE8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_LitigationCaseTypeDomain" xlink:label="loc_srt_LitigationCaseTypeDomain_62C8A0B233E6A3F43F207F33CB40398F" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_LitigationCaseAxis_41DF825B9C677AE2CA017F33CB402BE8" xlink:to="loc_srt_LitigationCaseTypeDomain_62C8A0B233E6A3F43F207F33CB40398F" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyandPaloVerdeOwnersvs.UnitedStatesDepartmentofEnergySpentNuclearFuelandWasteDisposalMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyandPaloVerdeOwnersvs.UnitedStatesDepartmentofEnergySpentNuclearFuelandWasteDisposalMember_AD4A822EBFC0C3A41F737F33CB415FC6" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_LitigationCaseTypeDomain_62C8A0B233E6A3F43F207F33CB40398F" xlink:to="loc_pnw_ArizonaPublicServiceCompanyandPaloVerdeOwnersvs.UnitedStatesDepartmentofEnergySpentNuclearFuelandWasteDisposalMember_AD4A822EBFC0C3A41F737F33CB415FC6" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_CommitmentsAndContingenciesLineItems" xlink:label="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_ScheduleOfCommitmentsAndContingenciesTable_D89ECAF6E9826796E9C77F33CB3DDEB4" xlink:to="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LitigationSettlementAmountAwardedFromOtherParty" xlink:label="loc_us-gaap_LitigationSettlementAmountAwardedFromOtherParty_3B0ACEE814AC56CA18DD7F33CB4169A8" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:to="loc_us-gaap_LitigationSettlementAmountAwardedFromOtherParty_3B0ACEE814AC56CA18DD7F33CB4169A8" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_GainContingencyNewClaimsFiledNumber" xlink:label="loc_pnw_GainContingencyNewClaimsFiledNumber_CE1C6C9F17CE3E64CE0A7F33CB41D45A" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:to="loc_pnw_GainContingencyNewClaimsFiledNumber_CE1C6C9F17CE3E64CE0A7F33CB41D45A" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_GainContingencyNumberofSettlementAgreementTimePeriods" xlink:label="loc_pnw_GainContingencyNumberofSettlementAgreementTimePeriods_8075C6AAAF1A32C612917F33CB41B5B1" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:to="loc_pnw_GainContingencyNumberofSettlementAgreementTimePeriods_8075C6AAAF1A32C612917F33CB41B5B1" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_MaximumInsuranceCoveragePerIncident" xlink:label="loc_pnw_MaximumInsuranceCoveragePerIncident_3244F762729B17AD97397F33CB42C51B" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:to="loc_pnw_MaximumInsuranceCoveragePerIncident_3244F762729B17AD97397F33CB42C51B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_MaximumAvailableNuclearLiabilityInsurance" xlink:label="loc_pnw_MaximumAvailableNuclearLiabilityInsurance_F258145BBEDEDA6969447F33CB425CDB" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:to="loc_pnw_MaximumAvailableNuclearLiabilityInsurance_F258145BBEDEDA6969447F33CB425CDB" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RemainingNuclearLiabilityInsuranceThroughMandatoryIndustryWideRetrospectiveAssessmentProgram" xlink:label="loc_pnw_RemainingNuclearLiabilityInsuranceThroughMandatoryIndustryWideRetrospectiveAssessmentProgram_70D82FD75A3B142BC5B07F33CB42DAEB" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:to="loc_pnw_RemainingNuclearLiabilityInsuranceThroughMandatoryIndustryWideRetrospectiveAssessmentProgram_70D82FD75A3B142BC5B07F33CB42DAEB" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_MaximumAssessmentPerReactorForEachNuclearIncident" xlink:label="loc_pnw_MaximumAssessmentPerReactorForEachNuclearIncident_BC30D88F2C8266A121787F33CB426D56" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:to="loc_pnw_MaximumAssessmentPerReactorForEachNuclearIncident_BC30D88F2C8266A121787F33CB426D56" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AnnualLimitPerIncidentWithRespectToMaximumAssessment" xlink:label="loc_pnw_AnnualLimitPerIncidentWithRespectToMaximumAssessment_9BB0B60F78E24390C93F7F33CB429B50" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:to="loc_pnw_AnnualLimitPerIncidentWithRespectToMaximumAssessment_9BB0B60F78E24390C93F7F33CB429B50" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_NumberOfVIELessorTrusts" xlink:label="loc_pnw_NumberOfVIELessorTrusts_DDCC0F6D25632DA9449C7F33CB42C601" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:to="loc_pnw_NumberOfVIELessorTrusts_DDCC0F6D25632DA9449C7F33CB42C601" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_MaximumPotentialRetrospectiveAssessmentPerIncident" xlink:label="loc_pnw_MaximumPotentialRetrospectiveAssessmentPerIncident_541853F2DD6BD56ACC837F33CB43D692" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:to="loc_pnw_MaximumPotentialRetrospectiveAssessmentPerIncident_541853F2DD6BD56ACC837F33CB43D692" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AnnualPaymentLimitationWithRespectToMaximumPotentialRetrospectiveAssessment" xlink:label="loc_pnw_AnnualPaymentLimitationWithRespectToMaximumPotentialRetrospectiveAssessment_0BEAEEDCC6DC66EF00807F33CB43441C" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:to="loc_pnw_AnnualPaymentLimitationWithRespectToMaximumPotentialRetrospectiveAssessment_0BEAEEDCC6DC66EF00807F33CB43441C" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AllRiskInsuranceForPropertyDamageAndDecontaminationAtPaloVerde" xlink:label="loc_pnw_AllRiskInsuranceForPropertyDamageAndDecontaminationAtPaloVerde_D3A131637C98F20034207F33CB433EFA" xlink:type="locator"/>
<link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:to="loc_pnw_AllRiskInsuranceForPropertyDamageAndDecontaminationAtPaloVerde_D3A131637C98F20034207F33CB433EFA" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_MaximumAmountthatCouldbeIncurredunderRetrospectiveAssessmentofNEILPolicies" xlink:label="loc_pnw_MaximumAmountthatCouldbeIncurredunderRetrospectiveAssessmentofNEILPolicies_C29438860FBD17FE7E817F33CB43F5A1" xlink:type="locator"/>
<link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:to="loc_pnw_MaximumAmountthatCouldbeIncurredunderRetrospectiveAssessmentofNEILPolicies_C29438860FBD17FE7E817F33CB43F5A1" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_CollateralAssuranceBasedOnRatingTriggers" xlink:label="loc_pnw_CollateralAssuranceBasedOnRatingTriggers_977FF707A65E6E8F71C67F33CB434E7C" xlink:type="locator"/>
<link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:to="loc_pnw_CollateralAssuranceBasedOnRatingTriggers_977FF707A65E6E8F71C67F33CB434E7C" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PeriodToProvideCollateralAssuranceBasedOnRatingTriggers" xlink:label="loc_pnw_PeriodToProvideCollateralAssuranceBasedOnRatingTriggers_C3CE0FA5079207C9168F7F33CB431E40" xlink:type="locator"/>
<link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CommitmentsAndContingenciesLineItems_4ABAB5BFC16C083D23EA7F33CB41DAD3" xlink:to="loc_pnw_PeriodToProvideCollateralAssuranceBasedOnRatingTriggers_C3CE0FA5079207C9168F7F33CB431E40" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/CommitmentsAndContingenciesSuperfundRelatedMattersSouthwestPowerOutageAndCleanAirActDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_A745DF9F84DE0F4840387F33CB34FA42" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingenciesTable" xlink:label="loc_us-gaap_LossContingenciesTable_D2B1418958C322C45CB27F33CB34BCAC" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_A745DF9F84DE0F4840387F33CB34FA42" xlink:to="loc_us-gaap_LossContingenciesTable_D2B1418958C322C45CB27F33CB34BCAC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LitigationStatusAxis" xlink:label="loc_us-gaap_LitigationStatusAxis_1F764CFCAF200DB988FB7F33CB354B32" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_D2B1418958C322C45CB27F33CB34BCAC" xlink:to="loc_us-gaap_LitigationStatusAxis_1F764CFCAF200DB988FB7F33CB354B32" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LitigationStatusDomain" xlink:label="loc_us-gaap_LitigationStatusDomain_BFBD87F0AFF80E48BB597F33CB35FAAE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LitigationStatusAxis_1F764CFCAF200DB988FB7F33CB354B32" xlink:to="loc_us-gaap_LitigationStatusDomain_BFBD87F0AFF80E48BB597F33CB35FAAE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SettledLitigationMember" xlink:label="loc_us-gaap_SettledLitigationMember_D36F0466DD69C377233E7F33CB352413" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LitigationStatusDomain_BFBD87F0AFF80E48BB597F33CB35FAAE" xlink:to="loc_us-gaap_SettledLitigationMember_D36F0466DD69C377233E7F33CB352413" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_88B9B05B991C655995CD7F33CB357748" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_D2B1418958C322C45CB27F33CB34BCAC" xlink:to="loc_dei_LegalEntityAxis_88B9B05B991C655995CD7F33CB357748" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_95D092A6CD88EBD37E4C7F33CB36C089" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_88B9B05B991C655995CD7F33CB357748" xlink:to="loc_dei_EntityDomain_95D092A6CD88EBD37E4C7F33CB36C089" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_7FE6FE30BB1FD44D8AF97F33CB369F11" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_95D092A6CD88EBD37E4C7F33CB36C089" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_7FE6FE30BB1FD44D8AF97F33CB369F11" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_2FEE0089E9DBB4DC29337F33CB363BF0" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_D2B1418958C322C45CB27F33CB34BCAC" xlink:to="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_2FEE0089E9DBB4DC29337F33CB363BF0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain_3834510E384ED70547337F33CB36F1EF" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_2FEE0089E9DBB4DC29337F33CB363BF0" xlink:to="loc_us-gaap_LossContingencyNatureDomain_3834510E384ED70547337F33CB36F1EF" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ContaminatedGroundwaterWellsMember" xlink:label="loc_pnw_ContaminatedGroundwaterWellsMember_C14C94CC51C4638A8C8B7F33CB37239A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingencyNatureDomain_3834510E384ED70547337F33CB36F1EF" xlink:to="loc_pnw_ContaminatedGroundwaterWellsMember_C14C94CC51C4638A8C8B7F33CB37239A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingenciesLineItems" xlink:label="loc_us-gaap_LossContingenciesLineItems_E72FD36F1A57397D5EB77F33CB372C4F" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesTable_D2B1418958C322C45CB27F33CB34BCAC" xlink:to="loc_us-gaap_LossContingenciesLineItems_E72FD36F1A57397D5EB77F33CB372C4F" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_CostsRelatedToInvestigationAndStudyUnderSuperfundSite" xlink:label="loc_pnw_CostsRelatedToInvestigationAndStudyUnderSuperfundSite_49C2AED14DFB181DFDD87F33CB370F92" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_E72FD36F1A57397D5EB77F33CB372C4F" xlink:to="loc_pnw_CostsRelatedToInvestigationAndStudyUnderSuperfundSite_49C2AED14DFB181DFDD87F33CB370F92" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingencyNumberOfDefendants" xlink:label="loc_us-gaap_LossContingencyNumberOfDefendants_216B78C034B5E883FEDF7F33CB3777B0" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_E72FD36F1A57397D5EB77F33CB372C4F" xlink:to="loc_us-gaap_LossContingencyNumberOfDefendants_216B78C034B5E883FEDF7F33CB3777B0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingencyNumberOfPlaintiffs" xlink:label="loc_us-gaap_LossContingencyNumberOfPlaintiffs_46BB55BDA70CE5EB79397F33CB373AEE" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesLineItems_E72FD36F1A57397D5EB77F33CB372C4F" xlink:to="loc_us-gaap_LossContingencyNumberOfPlaintiffs_46BB55BDA70CE5EB79397F33CB373AEE" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/CondensedConsolidatedBalanceSheetsUnaudited" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_E732A17501B4A9BAC766CD0A9B00CD32" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_393EC81432D65DA9B1D1CD0A9B011795" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_E732A17501B4A9BAC766CD0A9B00CD32" xlink:to="loc_us-gaap_StatementTable_393EC81432D65DA9B1D1CD0A9B011795" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesAxis" xlink:label="loc_srt_ConsolidatedEntitiesAxis_C05DFD4D3E5647F9DED9CD8ED1611D39" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_393EC81432D65DA9B1D1CD0A9B011795" xlink:to="loc_srt_ConsolidatedEntitiesAxis_C05DFD4D3E5647F9DED9CD8ED1611D39" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesDomain" xlink:label="loc_srt_ConsolidatedEntitiesDomain_BFD20C72C3DEA0311D71CD8ED162560C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_C05DFD4D3E5647F9DED9CD8ED1611D39" xlink:to="loc_srt_ConsolidatedEntitiesDomain_BFD20C72C3DEA0311D71CD8ED162560C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_F535C88C676E30C683CFCD8ED52DFD69" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_BFD20C72C3DEA0311D71CD8ED162560C" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_F535C88C676E30C683CFCD8ED52DFD69" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_E2879BEF904F8EED885FCD0A9B016F44" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_393EC81432D65DA9B1D1CD0A9B011795" xlink:to="loc_dei_LegalEntityAxis_E2879BEF904F8EED885FCD0A9B016F44" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_E0F8D924E8B7035B7484CD0A9B01D6FD" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_E2879BEF904F8EED885FCD0A9B016F44" xlink:to="loc_dei_EntityDomain_E0F8D924E8B7035B7484CD0A9B01D6FD" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_923E52A5083002284D93CD0A9B025EEA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_E0F8D924E8B7035B7484CD0A9B01D6FD" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_923E52A5083002284D93CD0A9B025EEA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_0193756AA29B15BC6019CD0A9B027DF3" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_393EC81432D65DA9B1D1CD0A9B011795" xlink:to="loc_us-gaap_StatementLineItems_0193756AA29B15BC6019CD0A9B027DF3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract_D9D21127B509342FC786CD0A9B03BD41" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0193756AA29B15BC6019CD0A9B027DF3" xlink:to="loc_us-gaap_AssetsAbstract_D9D21127B509342FC786CD0A9B03BD41" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="loc_us-gaap_AssetsCurrentAbstract_1169C21564A85C3BA55DCD0A9B03A56C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_D9D21127B509342FC786CD0A9B03BD41" xlink:to="loc_us-gaap_AssetsCurrentAbstract_1169C21564A85C3BA55DCD0A9B03A56C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_E30F7FA75A6F33CF8BECCD0A9B032561" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_1169C21564A85C3BA55DCD0A9B03A56C" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_E30F7FA75A6F33CF8BECCD0A9B032561" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsReceivableGrossCurrent" xlink:label="loc_us-gaap_AccountsReceivableGrossCurrent_D319EBCF61B4525F358BCD0A9B04522B" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_1169C21564A85C3BA55DCD0A9B03A56C" xlink:to="loc_us-gaap_AccountsReceivableGrossCurrent_D319EBCF61B4525F358BCD0A9B04522B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ContractWithCustomerAssetNetCurrent" xlink:label="loc_us-gaap_ContractWithCustomerAssetNetCurrent_B13BEBC95C77BC5F5E39CD0A9B045A0D" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_1169C21564A85C3BA55DCD0A9B03A56C" xlink:to="loc_us-gaap_ContractWithCustomerAssetNetCurrent_B13BEBC95C77BC5F5E39CD0A9B045A0D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_06CAA625C588FFA9E8C9CD0A9B0475FF" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_1169C21564A85C3BA55DCD0A9B03A56C" xlink:to="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_06CAA625C588FFA9E8C9CD0A9B0475FF" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherInventorySupplies" xlink:label="loc_us-gaap_OtherInventorySupplies_AA98A4710983CEE7CBAFCD0A9B0591ED" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_1169C21564A85C3BA55DCD0A9B03A56C" xlink:to="loc_us-gaap_OtherInventorySupplies_AA98A4710983CEE7CBAFCD0A9B0591ED" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EnergyRelatedInventoryOtherFossilFuel" xlink:label="loc_us-gaap_EnergyRelatedInventoryOtherFossilFuel_FBDFC86A67BC5F453059CD0A9B059037" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_1169C21564A85C3BA55DCD0A9B03A56C" xlink:to="loc_us-gaap_EnergyRelatedInventoryOtherFossilFuel_FBDFC86A67BC5F453059CD0A9B059037" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxesReceivable" xlink:label="loc_us-gaap_IncomeTaxesReceivable_C0B00D39CAB5714D1300CD0A9B05CC50" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_1169C21564A85C3BA55DCD0A9B03A56C" xlink:to="loc_us-gaap_IncomeTaxesReceivable_C0B00D39CAB5714D1300CD0A9B05CC50" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedges" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedges_9EB069BF4FDF97577D9ECD0A9B059EAD" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_1169C21564A85C3BA55DCD0A9B03A56C" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedges_9EB069BF4FDF97577D9ECD0A9B059EAD" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DeferredFuelAndPurchasedPowerRegulatoryAssetCurrent" xlink:label="loc_pnw_DeferredFuelAndPurchasedPowerRegulatoryAssetCurrent_C0F6C298B5C013EC8C0ACD0A9B06D540" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_1169C21564A85C3BA55DCD0A9B03A56C" xlink:to="loc_pnw_DeferredFuelAndPurchasedPowerRegulatoryAssetCurrent_C0F6C298B5C013EC8C0ACD0A9B06D540" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAssetsCurrent" xlink:label="loc_us-gaap_RegulatoryAssetsCurrent_2E431B3683745296469ACD0A9B06FD33" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_1169C21564A85C3BA55DCD0A9B03A56C" xlink:to="loc_us-gaap_RegulatoryAssetsCurrent_2E431B3683745296469ACD0A9B06FD33" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="loc_us-gaap_OtherAssetsCurrent_C5F80AD2086F2FDC0169CD0A9B0697E6" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_1169C21564A85C3BA55DCD0A9B03A56C" xlink:to="loc_us-gaap_OtherAssetsCurrent_C5F80AD2086F2FDC0169CD0A9B0697E6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="loc_us-gaap_AssetsCurrent_A50715348CFA5804F320CD0A9B0602C3" xlink:type="locator"/>
<link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsCurrentAbstract_1169C21564A85C3BA55DCD0A9B03A56C" xlink:to="loc_us-gaap_AssetsCurrent_A50715348CFA5804F320CD0A9B0602C3" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_InvestmentsAndOtherAssetsAbstract" xlink:label="loc_pnw_InvestmentsAndOtherAssetsAbstract_ADA5FD5E27584CE0889ACD0A9B070A5F" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_D9D21127B509342FC786CD0A9B03BD41" xlink:to="loc_pnw_InvestmentsAndOtherAssetsAbstract_ADA5FD5E27584CE0889ACD0A9B070A5F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DecommissioningTrustAssetsAmount" xlink:label="loc_us-gaap_DecommissioningTrustAssetsAmount_893C77D05ECF88344BD0CD0A9B0CA9FF" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_InvestmentsAndOtherAssetsAbstract_ADA5FD5E27584CE0889ACD0A9B070A5F" xlink:to="loc_us-gaap_DecommissioningTrustAssetsAmount_893C77D05ECF88344BD0CD0A9B0CA9FF" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_CoalReclamationandUnionTrust" xlink:label="loc_pnw_CoalReclamationandUnionTrust_3ECE9440468019BE5B3DCD0A9B0CA7E7" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_InvestmentsAndOtherAssetsAbstract_ADA5FD5E27584CE0889ACD0A9B070A5F" xlink:to="loc_pnw_CoalReclamationandUnionTrust_3ECE9440468019BE5B3DCD0A9B0CA7E7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssetsNoncurrent" xlink:label="loc_us-gaap_OtherAssetsNoncurrent_B0539B5839FBAA83FDB2CD0A9B0C52F5" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_InvestmentsAndOtherAssetsAbstract_ADA5FD5E27584CE0889ACD0A9B070A5F" xlink:to="loc_us-gaap_OtherAssetsNoncurrent_B0539B5839FBAA83FDB2CD0A9B0C52F5" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_TotalInvestmentsAndOtherAssets" xlink:label="loc_pnw_TotalInvestmentsAndOtherAssets_7C9D7393412A59EBFB8ACD0A9B0D657E" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_InvestmentsAndOtherAssetsAbstract_ADA5FD5E27584CE0889ACD0A9B070A5F" xlink:to="loc_pnw_TotalInvestmentsAndOtherAssets_7C9D7393412A59EBFB8ACD0A9B0D657E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNetAbstract" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNetAbstract_6DEA03134B2402A73DD6CD0A9B0DB75D" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_D9D21127B509342FC786CD0A9B03BD41" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNetAbstract_6DEA03134B2402A73DD6CD0A9B0DB75D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentGross_2D3C029CBCA3443D2DE9CD0A9B0D4339" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNetAbstract_6DEA03134B2402A73DD6CD0A9B0DB75D" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentGross_2D3C029CBCA3443D2DE9CD0A9B0D4339" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_59098205143C57B110FCCD0A9B0E68DC" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNetAbstract_6DEA03134B2402A73DD6CD0A9B0DB75D" xlink:to="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_59098205143C57B110FCCD0A9B0E68DC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_95516D489314F9970759CD0A9B0EDE06" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNetAbstract_6DEA03134B2402A73DD6CD0A9B0DB75D" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_95516D489314F9970759CD0A9B0EDE06" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ConstructioninProgress" xlink:label="loc_pnw_ConstructioninProgress_3377173B1F16D495A86ACD4D8776A19E" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNetAbstract_6DEA03134B2402A73DD6CD0A9B0DB75D" xlink:to="loc_pnw_ConstructioninProgress_3377173B1F16D495A86ACD4D8776A19E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_6D55EB40BFB82F612268CD0A9B0FEC19" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNetAbstract_6DEA03134B2402A73DD6CD0A9B0DB75D" xlink:to="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_6D55EB40BFB82F612268CD0A9B0FEC19" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NuclearFuelNetOfAmortization" xlink:label="loc_us-gaap_NuclearFuelNetOfAmortization_8AAB4AD0926088999D5ECD0A9B0F843C" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNetAbstract_6DEA03134B2402A73DD6CD0A9B0DB75D" xlink:to="loc_us-gaap_NuclearFuelNetOfAmortization_8AAB4AD0926088999D5ECD0A9B0F843C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_4E280591A918A3DE5FCCCD0A9B0F3D4B" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNetAbstract_6DEA03134B2402A73DD6CD0A9B0DB75D" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_4E280591A918A3DE5FCCCD0A9B0F3D4B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredCostsAbstract" xlink:label="loc_us-gaap_DeferredCostsAbstract_6D5FBBD988C3A0E6195FCD0A9B0F3834" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_D9D21127B509342FC786CD0A9B03BD41" xlink:to="loc_us-gaap_DeferredCostsAbstract_6D5FBBD988C3A0E6195FCD0A9B0F3834" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAssetsNoncurrent" xlink:label="loc_us-gaap_RegulatoryAssetsNoncurrent_62A109051C41E69106E4CD0A9B104620" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsAbstract_6D5FBBD988C3A0E6195FCD0A9B0F3834" xlink:to="loc_us-gaap_RegulatoryAssetsNoncurrent_62A109051C41E69106E4CD0A9B104620" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseRightOfUseAsset" xlink:label="loc_us-gaap_OperatingLeaseRightOfUseAsset_3F54C226065D40D4E059CD0A9B102F22" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsAbstract_6D5FBBD988C3A0E6195FCD0A9B0F3834" xlink:to="loc_us-gaap_OperatingLeaseRightOfUseAsset_3F54C226065D40D4E059CD0A9B102F22" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent" xlink:label="loc_us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent_B1C21E37B4E26CFB885ECD0A9B10D62C" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsAbstract_6D5FBBD988C3A0E6195FCD0A9B0F3834" xlink:to="loc_us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent_B1C21E37B4E26CFB885ECD0A9B10D62C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherDeferredCostsNet" xlink:label="loc_us-gaap_OtherDeferredCostsNet_AC07F88132B5CEBAAB0DCD0A9B101D31" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsAbstract_6D5FBBD988C3A0E6195FCD0A9B0F3834" xlink:to="loc_us-gaap_OtherDeferredCostsNet_AC07F88132B5CEBAAB0DCD0A9B101D31" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_TotalDeferredDebits" xlink:label="loc_pnw_TotalDeferredDebits_F6FC5C9574525BD5DFEECD0A9B112EA1" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCostsAbstract_6D5FBBD988C3A0E6195FCD0A9B0F3834" xlink:to="loc_pnw_TotalDeferredDebits_F6FC5C9574525BD5DFEECD0A9B112EA1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_5E61471130937486623BCD0A9B11286A" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_D9D21127B509342FC786CD0A9B03BD41" xlink:to="loc_us-gaap_Assets_5E61471130937486623BCD0A9B11286A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_5C8D9C526966140B1DF7CD0A9B1142EB" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_0193756AA29B15BC6019CD0A9B027DF3" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_5C8D9C526966140B1DF7CD0A9B1142EB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="loc_us-gaap_LiabilitiesCurrentAbstract_0E7CDE407DDD3EC2F1DACD0A9B1200D6" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_5C8D9C526966140B1DF7CD0A9B1142EB" xlink:to="loc_us-gaap_LiabilitiesCurrentAbstract_0E7CDE407DDD3EC2F1DACD0A9B1200D6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherLongTermDebtCurrent" xlink:label="loc_us-gaap_OtherLongTermDebtCurrent_EB4BDE68148C40888040CD0A9B12C03D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_0E7CDE407DDD3EC2F1DACD0A9B1200D6" xlink:to="loc_us-gaap_OtherLongTermDebtCurrent_EB4BDE68148C40888040CD0A9B12C03D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="loc_us-gaap_AccountsPayableCurrent_671D9B517DA5A19182C7CD0A9B12F0C4" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_0E7CDE407DDD3EC2F1DACD0A9B1200D6" xlink:to="loc_us-gaap_AccountsPayableCurrent_671D9B517DA5A19182C7CD0A9B12F0C4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TaxesPayableCurrent" xlink:label="loc_us-gaap_TaxesPayableCurrent_5DCAD1530B25ACE3BDD2CD0A9B12B1A4" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_0E7CDE407DDD3EC2F1DACD0A9B1200D6" xlink:to="loc_us-gaap_TaxesPayableCurrent_5DCAD1530B25ACE3BDD2CD0A9B12B1A4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestPayableCurrent" xlink:label="loc_us-gaap_InterestPayableCurrent_BE009048D0C7AA95CFEDCD0A9B13F398" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_0E7CDE407DDD3EC2F1DACD0A9B1200D6" xlink:to="loc_us-gaap_InterestPayableCurrent_BE009048D0C7AA95CFEDCD0A9B13F398" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsPayableCurrent" xlink:label="loc_us-gaap_DividendsPayableCurrent_0884B3090C7486CC6F2ACD0A9B13F624" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_0E7CDE407DDD3EC2F1DACD0A9B1200D6" xlink:to="loc_us-gaap_DividendsPayableCurrent_0884B3090C7486CC6F2ACD0A9B13F624" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShortTermBorrowings" xlink:label="loc_us-gaap_ShortTermBorrowings_6DCC3A217A582DDE9F94CD0A9B1357E9" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_0E7CDE407DDD3EC2F1DACD0A9B1200D6" xlink:to="loc_us-gaap_ShortTermBorrowings_6DCC3A217A582DDE9F94CD0A9B1357E9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ContractWithCustomerLiabilityCurrent" xlink:label="loc_us-gaap_ContractWithCustomerLiabilityCurrent_EE7F5430D7876A11E090CD0A9B14B85B" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_0E7CDE407DDD3EC2F1DACD0A9B1200D6" xlink:to="loc_us-gaap_ContractWithCustomerLiabilityCurrent_EE7F5430D7876A11E090CD0A9B14B85B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgesLiabilities" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgesLiabilities_135D4DB263237977A482CD0A9B1457AD" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_0E7CDE407DDD3EC2F1DACD0A9B1200D6" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedgesLiabilities_135D4DB263237977A482CD0A9B1457AD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligationCurrent" xlink:label="loc_us-gaap_AssetRetirementObligationCurrent_9483A9357623DE6CD47FCD0A9B14E35B" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_0E7CDE407DDD3EC2F1DACD0A9B1200D6" xlink:to="loc_us-gaap_AssetRetirementObligationCurrent_9483A9357623DE6CD47FCD0A9B14E35B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseLiabilityCurrent" xlink:label="loc_us-gaap_OperatingLeaseLiabilityCurrent_FC7126AA7787EB49DA45CD0A9B145BE3" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_0E7CDE407DDD3EC2F1DACD0A9B1200D6" xlink:to="loc_us-gaap_OperatingLeaseLiabilityCurrent_FC7126AA7787EB49DA45CD0A9B145BE3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryLiabilityCurrent" xlink:label="loc_us-gaap_RegulatoryLiabilityCurrent_48651FA063F1C43AD5D1CD0A9B148826" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_0E7CDE407DDD3EC2F1DACD0A9B1200D6" xlink:to="loc_us-gaap_RegulatoryLiabilityCurrent_48651FA063F1C43AD5D1CD0A9B148826" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherLiabilitiesCurrent" xlink:label="loc_us-gaap_OtherLiabilitiesCurrent_099718652E0716A1E95BCD0A9B15803F" xlink:type="locator"/>
<link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_0E7CDE407DDD3EC2F1DACD0A9B1200D6" xlink:to="loc_us-gaap_OtherLiabilitiesCurrent_099718652E0716A1E95BCD0A9B15803F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="loc_us-gaap_LiabilitiesCurrent_9E3C933A7E82E2D7874BCD0A9B151833" xlink:type="locator"/>
<link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesCurrentAbstract_0E7CDE407DDD3EC2F1DACD0A9B1200D6" xlink:to="loc_us-gaap_LiabilitiesCurrent_9E3C933A7E82E2D7874BCD0A9B151833" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="loc_us-gaap_LongTermDebtNoncurrent_99061CA2AE93E2F645F7CD0A9B1594AA" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_5C8D9C526966140B1DF7CD0A9B1142EB" xlink:to="loc_us-gaap_LongTermDebtNoncurrent_99061CA2AE93E2F645F7CD0A9B1594AA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredCreditsAndOtherLiabilitiesAbstract" xlink:label="loc_us-gaap_DeferredCreditsAndOtherLiabilitiesAbstract_997F07ED8FB6A1E3CDFBCD0A9B161734" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_5C8D9C526966140B1DF7CD0A9B1142EB" xlink:to="loc_us-gaap_DeferredCreditsAndOtherLiabilitiesAbstract_997F07ED8FB6A1E3CDFBCD0A9B161734" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredIncomeTaxLiabilitiesNet" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_F208838327951DB715F5CD0A9B166772" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCreditsAndOtherLiabilitiesAbstract_997F07ED8FB6A1E3CDFBCD0A9B161734" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilitiesNet_F208838327951DB715F5CD0A9B166772" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryLiabilityNoncurrent" xlink:label="loc_us-gaap_RegulatoryLiabilityNoncurrent_31EFAE6E6F6716773E24CD0A9B1647D9" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCreditsAndOtherLiabilitiesAbstract_997F07ED8FB6A1E3CDFBCD0A9B161734" xlink:to="loc_us-gaap_RegulatoryLiabilityNoncurrent_31EFAE6E6F6716773E24CD0A9B1647D9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligationsNoncurrent" xlink:label="loc_us-gaap_AssetRetirementObligationsNoncurrent_DA0AF3073AC7AC13775ECD0A9B16CBA8" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCreditsAndOtherLiabilitiesAbstract_997F07ED8FB6A1E3CDFBCD0A9B161734" xlink:to="loc_us-gaap_AssetRetirementObligationsNoncurrent_DA0AF3073AC7AC13775ECD0A9B16CBA8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent" xlink:label="loc_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_33FF441082AD4B129CF4CD0A9B17FDE9" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCreditsAndOtherLiabilitiesAbstract_997F07ED8FB6A1E3CDFBCD0A9B161734" xlink:to="loc_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_33FF441082AD4B129CF4CD0A9B17FDE9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilitiesNoncurrent" xlink:label="loc_us-gaap_DerivativeLiabilitiesNoncurrent_3EFA4A1713402C3C9A54CD0A9B174E67" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCreditsAndOtherLiabilitiesAbstract_997F07ED8FB6A1E3CDFBCD0A9B161734" xlink:to="loc_us-gaap_DerivativeLiabilitiesNoncurrent_3EFA4A1713402C3C9A54CD0A9B174E67" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ContractWithCustomerLiabilityNoncurrent" xlink:label="loc_us-gaap_ContractWithCustomerLiabilityNoncurrent_77EB30C8C28241BFDDA8CD0A9B174EFE" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCreditsAndOtherLiabilitiesAbstract_997F07ED8FB6A1E3CDFBCD0A9B161734" xlink:to="loc_us-gaap_ContractWithCustomerLiabilityNoncurrent_77EB30C8C28241BFDDA8CD0A9B174EFE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount" xlink:label="loc_us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount_A1EB9D37AAFFAACD101DCD5933CC145B" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCreditsAndOtherLiabilitiesAbstract_997F07ED8FB6A1E3CDFBCD0A9B161734" xlink:to="loc_us-gaap_UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount_A1EB9D37AAFFAACD101DCD5933CC145B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedDeferredInvestmentTaxCredit" xlink:label="loc_us-gaap_AccumulatedDeferredInvestmentTaxCredit_CFD8E3B5BCBF32CCDDF7CD0A9B18E206" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCreditsAndOtherLiabilitiesAbstract_997F07ED8FB6A1E3CDFBCD0A9B161734" xlink:to="loc_us-gaap_AccumulatedDeferredInvestmentTaxCredit_CFD8E3B5BCBF32CCDDF7CD0A9B18E206" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilityForUncertainTaxPositionsNoncurrent" xlink:label="loc_us-gaap_LiabilityForUncertainTaxPositionsNoncurrent_67433D45CC46DB252DA7CD0A9B1D0DFA" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCreditsAndOtherLiabilitiesAbstract_997F07ED8FB6A1E3CDFBCD0A9B161734" xlink:to="loc_us-gaap_LiabilityForUncertainTaxPositionsNoncurrent_67433D45CC46DB252DA7CD0A9B1D0DFA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent" xlink:label="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_F29C81D00A4509BDE523CD0A9B1D0A5B" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCreditsAndOtherLiabilitiesAbstract_997F07ED8FB6A1E3CDFBCD0A9B161734" xlink:to="loc_us-gaap_OperatingLeaseLiabilityNoncurrent_F29C81D00A4509BDE523CD0A9B1D0A5B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherLiabilitiesNoncurrent" xlink:label="loc_us-gaap_OtherLiabilitiesNoncurrent_A8707F799BA94C77E7B1CD0A9B1E593D" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCreditsAndOtherLiabilitiesAbstract_997F07ED8FB6A1E3CDFBCD0A9B161734" xlink:to="loc_us-gaap_OtherLiabilitiesNoncurrent_A8707F799BA94C77E7B1CD0A9B1E593D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredCreditsAndOtherLiabilities" xlink:label="loc_us-gaap_DeferredCreditsAndOtherLiabilities_ED0D5BF0579D767C5686CD0A9B1E9EBA" xlink:type="locator"/>
<link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DeferredCreditsAndOtherLiabilitiesAbstract_997F07ED8FB6A1E3CDFBCD0A9B161734" xlink:to="loc_us-gaap_DeferredCreditsAndOtherLiabilities_ED0D5BF0579D767C5686CD0A9B1E9EBA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="loc_us-gaap_CommitmentsAndContingencies_CFD8DB9B2D357BDCC28BCD0A9B1E73B2" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_5C8D9C526966140B1DF7CD0A9B1142EB" xlink:to="loc_us-gaap_CommitmentsAndContingencies_CFD8DB9B2D357BDCC28BCD0A9B1E73B2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_EBE09B041A047973D3FFCD0A9B1E802B" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_5C8D9C526966140B1DF7CD0A9B1142EB" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_EBE09B041A047973D3FFCD0A9B1E802B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaap_CommonStockValue_37D74D37B9798344F0F4CD0A9B1FC410" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_EBE09B041A047973D3FFCD0A9B1E802B" xlink:to="loc_us-gaap_CommonStockValue_37D74D37B9798344F0F4CD0A9B1FC410" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="loc_us-gaap_TreasuryStockValue_2F1AD6F0AA2A29268CC0CD0A9B1F5770" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_EBE09B041A047973D3FFCD0A9B1E802B" xlink:to="loc_us-gaap_TreasuryStockValue_2F1AD6F0AA2A29268CC0CD0A9B1F5770" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_CommonStockValueCommonAndTreasury" xlink:label="loc_pnw_CommonStockValueCommonAndTreasury_99D90AB85485F7038B05CD76899B6DE4" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_EBE09B041A047973D3FFCD0A9B1E802B" xlink:to="loc_pnw_CommonStockValueCommonAndTreasury_99D90AB85485F7038B05CD76899B6DE4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockValueOutstanding" xlink:label="loc_us-gaap_CommonStockValueOutstanding_B1ECE7AFC39BC6FFF164CD9EB4504CAD" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_EBE09B041A047973D3FFCD0A9B1E802B" xlink:to="loc_us-gaap_CommonStockValueOutstanding_B1ECE7AFC39BC6FFF164CD9EB4504CAD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_E396E00B6494361E39D7CD0A9B206711" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_EBE09B041A047973D3FFCD0A9B1E802B" xlink:to="loc_us-gaap_AdditionalPaidInCapitalCommonStock_E396E00B6494361E39D7CD0A9B206711" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_B1AB90D94728EA0D7CADCD0A9B207FBE" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_EBE09B041A047973D3FFCD0A9B1E802B" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_B1AB90D94728EA0D7CADCD0A9B207FBE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_26FFE8DC5CEE7E5C855DCD0A9B21EDC5" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_EBE09B041A047973D3FFCD0A9B1E802B" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_26FFE8DC5CEE7E5C855DCD0A9B21EDC5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_89CADD5CD4A52AA08071CD0A9B21BB92" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_EBE09B041A047973D3FFCD0A9B1E802B" xlink:to="loc_us-gaap_StockholdersEquity_89CADD5CD4A52AA08071CD0A9B21BB92" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MinorityInterest" xlink:label="loc_us-gaap_MinorityInterest_54A943859093BFDDBDD7CD0A9B21C95C" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_EBE09B041A047973D3FFCD0A9B1E802B" xlink:to="loc_us-gaap_MinorityInterest_54A943859093BFDDBDD7CD0A9B21C95C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_575856B4B7E7BB0BA8F4CD0A9B218FFB" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_EBE09B041A047973D3FFCD0A9B1E802B" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_575856B4B7E7BB0BA8F4CD0A9B218FFB" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_EquityAndLongTermDebtLessCurrentMaturitiesAndLeaseback" xlink:label="loc_pnw_EquityAndLongTermDebtLessCurrentMaturitiesAndLeaseback_79DEAA0B324314027439CD0A9B22B9D5" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_EBE09B041A047973D3FFCD0A9B1E802B" xlink:to="loc_pnw_EquityAndLongTermDebtLessCurrentMaturitiesAndLeaseback_79DEAA0B324314027439CD0A9B22B9D5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_55EF889C82CF5C33D609CD0A9B2254C8" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_5C8D9C526966140B1DF7CD0A9B1142EB" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_55EF889C82CF5C33D609CD0A9B2254C8" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/CondensedConsolidatedBalanceSheetsUnauditedParenthetical" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_54EC6BA93EFE589FA662CE4447355FB9" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7B3E43C26D57547CBF94C88973BD2498" xlink:type="locator"/>
<link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_54EC6BA93EFE589FA662CE4447355FB9" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7B3E43C26D57547CBF94C88973BD2498" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockNoParValue" xlink:label="loc_us-gaap_CommonStockNoParValue_AAE036FABBB0567F92661F8A3384D223" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7B3E43C26D57547CBF94C88973BD2498" xlink:to="loc_us-gaap_CommonStockNoParValue_AAE036FABBB0567F92661F8A3384D223" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_2D47D8CB2AF65DB8AEE0F5C3A80F405A" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7B3E43C26D57547CBF94C88973BD2498" xlink:to="loc_us-gaap_CommonStockSharesAuthorized_2D47D8CB2AF65DB8AEE0F5C3A80F405A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="loc_us-gaap_CommonStockSharesIssued_051443029D8C597695E3F89EFA19762E" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7B3E43C26D57547CBF94C88973BD2498" xlink:to="loc_us-gaap_CommonStockSharesIssued_051443029D8C597695E3F89EFA19762E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockShares" xlink:label="loc_us-gaap_TreasuryStockShares_5EBDB42681BA5D9AB49965F04F9D5939" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_7B3E43C26D57547CBF94C88973BD2498" xlink:to="loc_us-gaap_TreasuryStockShares_5EBDB42681BA5D9AB49965F04F9D5939" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_184764A0A77DD8C2F10ACD0A9A8A8683" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_59429E1DCF771720258FCD0A9A8A3697" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_184764A0A77DD8C2F10ACD0A9A8A8683" xlink:to="loc_us-gaap_StatementTable_59429E1DCF771720258FCD0A9A8A3697" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_490D133D76F121E288FFCD0A9A8A45BF" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_59429E1DCF771720258FCD0A9A8A3697" xlink:to="loc_dei_LegalEntityAxis_490D133D76F121E288FFCD0A9A8A45BF" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_45B69D527C7D4D252D1BCD0A9A8B5913" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_490D133D76F121E288FFCD0A9A8A45BF" xlink:to="loc_dei_EntityDomain_45B69D527C7D4D252D1BCD0A9A8B5913" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_3DE17604C9FAED71283ACD0A9A8B5A21" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_45B69D527C7D4D252D1BCD0A9A8B5913" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_3DE17604C9FAED71283ACD0A9A8B5A21" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_C72BD785350A41C6BDA3CD0A9A8CF1F1" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_59429E1DCF771720258FCD0A9A8A3697" xlink:to="loc_us-gaap_StatementLineItems_C72BD785350A41C6BDA3CD0A9A8CF1F1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_BD3F373B777E33689F56CD0A9A8C8F4B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C72BD785350A41C6BDA3CD0A9A8CF1F1" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_BD3F373B777E33689F56CD0A9A8C8F4B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_1CE5B52E4968A55ACFE0CD0A9A8C515B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_BD3F373B777E33689F56CD0A9A8C8F4B" xlink:to="loc_us-gaap_ProfitLoss_1CE5B52E4968A55ACFE0CD0A9A8C515B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_CAF9295177D7CA65480CCD0A9A8CB6D6" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_BD3F373B777E33689F56CD0A9A8C8F4B" xlink:to="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_CAF9295177D7CA65480CCD0A9A8CB6D6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_456EF7549B8DFE02867ECD0A9A8D5922" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_CAF9295177D7CA65480CCD0A9A8CB6D6" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_456EF7549B8DFE02867ECD0A9A8D5922" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInRegulatoryClauseRevenue" xlink:label="loc_us-gaap_IncreaseDecreaseInRegulatoryClauseRevenue_BEA6474CF26FAE687258CD0A9A8DDAD7" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_CAF9295177D7CA65480CCD0A9A8CB6D6" xlink:to="loc_us-gaap_IncreaseDecreaseInRegulatoryClauseRevenue_BEA6474CF26FAE687258CD0A9A8DDAD7" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_IncreaseDecreaseDeferredFuelAndPurchasedPowerAmortization" xlink:label="loc_pnw_IncreaseDecreaseDeferredFuelAndPurchasedPowerAmortization_419B9D651C474B7C4964CD0A9A8D2AE1" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_CAF9295177D7CA65480CCD0A9A8CB6D6" xlink:to="loc_pnw_IncreaseDecreaseDeferredFuelAndPurchasedPowerAmortization_419B9D651C474B7C4964CD0A9A8D2AE1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity" xlink:label="loc_us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity_D9A37DE0A4E6537AC19ECD0A9A8EDFC5" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_CAF9295177D7CA65480CCD0A9A8CB6D6" xlink:to="loc_us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity_D9A37DE0A4E6537AC19ECD0A9A8EDFC5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_A7989D2F666555B238D2CD0A9A8E26C5" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_CAF9295177D7CA65480CCD0A9A8CB6D6" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_A7989D2F666555B238D2CD0A9A8E26C5" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DeferredInvestmentTaxCredit" xlink:label="loc_pnw_DeferredInvestmentTaxCredit_0D264BF45AAE63841D54CD0A9A8EE6CD" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_CAF9295177D7CA65480CCD0A9A8CB6D6" xlink:to="loc_pnw_DeferredInvestmentTaxCredit_0D264BF45AAE63841D54CD0A9A8EE6CD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaap_ShareBasedCompensation_90B9217BE9E7C9831A3ACD0A9A8E3227" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_CAF9295177D7CA65480CCD0A9A8CB6D6" xlink:to="loc_us-gaap_ShareBasedCompensation_90B9217BE9E7C9831A3ACD0A9A8E3227" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable_23C90BA438A7382A55F9CD549A544C54" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_CAF9295177D7CA65480CCD0A9A8CB6D6" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable_23C90BA438A7382A55F9CD549A544C54" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_96D5850275515BCB2972CD0A9A8F1FBE" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_CAF9295177D7CA65480CCD0A9A8CB6D6" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_96D5850275515BCB2972CD0A9A8F1FBE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInContractWithCustomerAsset" xlink:label="loc_us-gaap_IncreaseDecreaseInContractWithCustomerAsset_2BA4029C90F85954CC42CD0A9A958674" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_96D5850275515BCB2972CD0A9A8F1FBE" xlink:to="loc_us-gaap_IncreaseDecreaseInContractWithCustomerAsset_2BA4029C90F85954CC42CD0A9A958674" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_A8E885D680821569388DCD0A9A95541D" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_96D5850275515BCB2972CD0A9A8F1FBE" xlink:to="loc_us-gaap_IncreaseDecreaseInInventories_A8E885D680821569388DCD0A9A95541D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInIncomeTaxesReceivable" xlink:label="loc_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable_52F8F9D7BE09F89329A5CD0A9A95A6FD" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_96D5850275515BCB2972CD0A9A8F1FBE" xlink:to="loc_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable_52F8F9D7BE09F89329A5CD0A9A95A6FD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:label="loc_us-gaap_IncreaseDecreaseInPrepaidExpense_044D5E9301251201A748CD57B09B8C5D" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_96D5850275515BCB2972CD0A9A8F1FBE" xlink:to="loc_us-gaap_IncreaseDecreaseInPrepaidExpense_044D5E9301251201A748CD57B09B8C5D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayable_C7F721BC3CDD1C4189C8CD0A9A950069" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_96D5850275515BCB2972CD0A9A8F1FBE" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayable_C7F721BC3CDD1C4189C8CD0A9A950069" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedTaxesPayable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedTaxesPayable_2369A96B24E5CB3F2BB4CD0A9A96E8B6" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_96D5850275515BCB2972CD0A9A8F1FBE" xlink:to="loc_us-gaap_IncreaseDecreaseInAccruedTaxesPayable_2369A96B24E5CB3F2BB4CD0A9A96E8B6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInOtherAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherAccruedLiabilities_8AB344D46BC926C57C8ACD0A9A965D12" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_96D5850275515BCB2972CD0A9A8F1FBE" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherAccruedLiabilities_8AB344D46BC926C57C8ACD0A9A965D12" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_52DA1C62A0B02E0920A4CD0A9A96A69E" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_CAF9295177D7CA65480CCD0A9A8CB6D6" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_52DA1C62A0B02E0920A4CD0A9A96A69E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_38C485A35809442D1701CD0A9A972230" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_CAF9295177D7CA65480CCD0A9A8CB6D6" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_38C485A35809442D1701CD0A9A972230" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_50BFA3BF8C0FF3A84DA1CD0A9A972E73" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_BD3F373B777E33689F56CD0A9A8C8F4B" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_50BFA3BF8C0FF3A84DA1CD0A9A972E73" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_A1A3DD8890AE3C1FE452CD0A9A9794B7" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C72BD785350A41C6BDA3CD0A9A8CF1F1" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_A1A3DD8890AE3C1FE452CD0A9A9794B7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireProductiveAssets" xlink:label="loc_us-gaap_PaymentsToAcquireProductiveAssets_3C6AC0A4A17A5E14F8D3CD0A9A97DBE5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_A1A3DD8890AE3C1FE452CD0A9A9794B7" xlink:to="loc_us-gaap_PaymentsToAcquireProductiveAssets_3C6AC0A4A17A5E14F8D3CD0A9A97DBE5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromContributionInAidOfConstruction" xlink:label="loc_us-gaap_ProceedsFromContributionInAidOfConstruction_6D4ACF10767A9E9B1B3FCD0A9A98F919" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_A1A3DD8890AE3C1FE452CD0A9A9794B7" xlink:to="loc_us-gaap_ProceedsFromContributionInAidOfConstruction_6D4ACF10767A9E9B1B3FCD0A9A98F919" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllowanceForFundsUsedDuringConstructionInvestingActivities" xlink:label="loc_us-gaap_AllowanceForFundsUsedDuringConstructionInvestingActivities_CB3DAF1CE51EDC2C4B7ACD0A9A98B030" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_A1A3DD8890AE3C1FE452CD0A9A9794B7" xlink:to="loc_us-gaap_AllowanceForFundsUsedDuringConstructionInvestingActivities_CB3DAF1CE51EDC2C4B7ACD0A9A98B030" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ProceedsfromDecommissioningTrustFundAssetsAndOtherSpecialUseFunds" xlink:label="loc_pnw_ProceedsfromDecommissioningTrustFundAssetsAndOtherSpecialUseFunds_BD6EFC23DFDD8D3B962CCD0A9A983735" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_A1A3DD8890AE3C1FE452CD0A9A9794B7" xlink:to="loc_pnw_ProceedsfromDecommissioningTrustFundAssetsAndOtherSpecialUseFunds_BD6EFC23DFDD8D3B962CCD0A9A983735" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PaymentstoAcquireInvestmentstobeHeldinDecommissioningTrustFundAndOtherSpecialUseFunds" xlink:label="loc_pnw_PaymentstoAcquireInvestmentstobeHeldinDecommissioningTrustFundAndOtherSpecialUseFunds_6BD0AA3A56601F74C322CD0A9A98FB61" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_A1A3DD8890AE3C1FE452CD0A9A9794B7" xlink:to="loc_pnw_PaymentstoAcquireInvestmentstobeHeldinDecommissioningTrustFundAndOtherSpecialUseFunds_6BD0AA3A56601F74C322CD0A9A98FB61" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_3E3F0170C1EC4BF46E78CD0A9A99A898" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_A1A3DD8890AE3C1FE452CD0A9A9794B7" xlink:to="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_3E3F0170C1EC4BF46E78CD0A9A99A898" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_BAEEE09C61C3B1CC0CF3CD0A9A99E308" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_A1A3DD8890AE3C1FE452CD0A9A9794B7" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_BAEEE09C61C3B1CC0CF3CD0A9A99E308" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_62140E865E42CBC58F12CD0A9A99DC6E" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C72BD785350A41C6BDA3CD0A9A8CF1F1" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_62140E865E42CBC58F12CD0A9A99DC6E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfLongTermDebt_FF72F6631187FD48F3F6CD0A9A9901A8" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_62140E865E42CBC58F12CD0A9A99DC6E" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfLongTermDebt_FF72F6631187FD48F3F6CD0A9A9901A8" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ProceedsfromRepaymentsofShorttermDebtNet" xlink:label="loc_pnw_ProceedsfromRepaymentsofShorttermDebtNet_99C9091DAD9C8B215013CD5EBD189766" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_62140E865E42CBC58F12CD0A9A99DC6E" xlink:to="loc_pnw_ProceedsfromRepaymentsofShorttermDebtNet_99C9091DAD9C8B215013CD5EBD189766" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromLinesOfCredit" xlink:label="loc_us-gaap_ProceedsFromLinesOfCredit_8EEDD7D0526948763250CD0A9A9AB1AF" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_62140E865E42CBC58F12CD0A9A99DC6E" xlink:to="loc_us-gaap_ProceedsFromLinesOfCredit_8EEDD7D0526948763250CD0A9A9AB1AF" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfLinesOfCredit" xlink:label="loc_us-gaap_RepaymentsOfLinesOfCredit_C50AE117AA0679B394BCCD0A9A9A979F" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_62140E865E42CBC58F12CD0A9A99DC6E" xlink:to="loc_us-gaap_RepaymentsOfLinesOfCredit_C50AE117AA0679B394BCCD0A9A9A979F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="loc_us-gaap_RepaymentsOfLongTermDebt_719E546197DB7765E751CD0A9A9B9A10" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_62140E865E42CBC58F12CD0A9A99DC6E" xlink:to="loc_us-gaap_RepaymentsOfLongTermDebt_719E546197DB7765E751CD0A9A9B9A10" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsOfDividendsCommonStock" xlink:label="loc_us-gaap_PaymentsOfDividendsCommonStock_958CE52A385B977DF5C9CD0A9A9BAFBE" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_62140E865E42CBC58F12CD0A9A99DC6E" xlink:to="loc_us-gaap_PaymentsOfDividendsCommonStock_958CE52A385B977DF5C9CD0A9A9BAFBE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromRepurchaseOfEquity" xlink:label="loc_us-gaap_ProceedsFromRepurchaseOfEquity_6ABD9E59BA67A57136C6CD0A9A9B5012" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_62140E865E42CBC58F12CD0A9A99DC6E" xlink:to="loc_us-gaap_ProceedsFromRepurchaseOfEquity_6ABD9E59BA67A57136C6CD0A9A9B5012" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_6A752FAA28CA38A93CD0CD0A9A9BDD27" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_62140E865E42CBC58F12CD0A9A99DC6E" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_6A752FAA28CA38A93CD0CD0A9A9BDD27" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_84B5422A04AD32782C98CD0A9A9B50F6" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C72BD785350A41C6BDA3CD0A9A8CF1F1" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_84B5422A04AD32782C98CD0A9A9B50F6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_C22E834293C1E45B2963CD0A9A9CB9DF" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C72BD785350A41C6BDA3CD0A9A8CF1F1" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_C22E834293C1E45B2963CD0A9A9CB9DF" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_9ADB9549587BF5D0E4FFCD0A9A9C8021" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_C72BD785350A41C6BDA3CD0A9A8CF1F1" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_9ADB9549587BF5D0E4FFCD0A9A9C8021" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/CondensedConsolidatedStatementsOfChangesInEquityUnaudited" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_7B9FE9787EA7602C7FE1CD0A9A4B248D" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_4E44DF73ECBE2D4CC172CD0A9A4B2D77" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_7B9FE9787EA7602C7FE1CD0A9A4B248D" xlink:to="loc_us-gaap_StatementTable_4E44DF73ECBE2D4CC172CD0A9A4B2D77" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_5124CA1E1FB87C800DD2CD0A9A4CB5A1" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_4E44DF73ECBE2D4CC172CD0A9A4B2D77" xlink:to="loc_dei_LegalEntityAxis_5124CA1E1FB87C800DD2CD0A9A4CB5A1" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_F3679AC36A0BB4A40945CD0A9A4C4D76" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_5124CA1E1FB87C800DD2CD0A9A4CB5A1" xlink:to="loc_dei_EntityDomain_F3679AC36A0BB4A40945CD0A9A4C4D76" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_FB3DEEB98CF4EA4B62A8CD0A9A4D083C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_F3679AC36A0BB4A40945CD0A9A4C4D76" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_FB3DEEB98CF4EA4B62A8CD0A9A4D083C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_4F62479ED14DCC608DF3CD0A9A4DDD18" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_4E44DF73ECBE2D4CC172CD0A9A4B2D77" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_4F62479ED14DCC608DF3CD0A9A4DDD18" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_736937533634F5B015E9CD0A9A4DF696" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_4F62479ED14DCC608DF3CD0A9A4DDD18" xlink:to="loc_us-gaap_EquityComponentDomain_736937533634F5B015E9CD0A9A4DF696" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_D62092D41F2912530E70CD0A9A4E537C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_736937533634F5B015E9CD0A9A4DF696" xlink:to="loc_us-gaap_CommonStockMember_D62092D41F2912530E70CD0A9A4E537C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_AC15EC42DEF677CF3EA1CD0A9A4EEDF2" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_736937533634F5B015E9CD0A9A4DF696" xlink:to="loc_us-gaap_AdditionalPaidInCapitalMember_AC15EC42DEF677CF3EA1CD0A9A4EEDF2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockMember" xlink:label="loc_us-gaap_TreasuryStockMember_260A05E120FB2C6015E2CD0A9A4E9134" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_736937533634F5B015E9CD0A9A4DF696" xlink:to="loc_us-gaap_TreasuryStockMember_260A05E120FB2C6015E2CD0A9A4E9134" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="loc_us-gaap_RetainedEarningsMember_6D8DA93C5A473D74D6F4CD0A9A4FB974" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_736937533634F5B015E9CD0A9A4DF696" xlink:to="loc_us-gaap_RetainedEarningsMember_6D8DA93C5A473D74D6F4CD0A9A4FB974" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_35B0EDA040F66E55CB57CD0A9A4FB65F" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_736937533634F5B015E9CD0A9A4DF696" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_35B0EDA040F66E55CB57CD0A9A4FB65F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="loc_us-gaap_NoncontrollingInterestMember_C205D14AFE3027936235CD0A9A4F5E7F" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_736937533634F5B015E9CD0A9A4DF696" xlink:to="loc_us-gaap_NoncontrollingInterestMember_C205D14AFE3027936235CD0A9A4F5E7F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_737FBAC38271AA2B39E3CD0A9A50BC00" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_4E44DF73ECBE2D4CC172CD0A9A4B2D77" xlink:to="loc_us-gaap_StatementLineItems_737FBAC38271AA2B39E3CD0A9A50BC00" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_737FBAC38271AA2B39E3CD0A9A50BC00" xlink:to="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="loc_us-gaap_CommonStockSharesIssued_0625EFAFE8EB7B89BE02CD0A9A5064CB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:to="loc_us-gaap_CommonStockSharesIssued_0625EFAFE8EB7B89BE02CD0A9A5064CB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9432AC97DCC3BF597644CD0A9A50DCD3" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_9432AC97DCC3BF597644CD0A9A50DCD3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_B86DCF1F305F906296F1CD0A9A51B680" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:to="loc_us-gaap_ProfitLoss_B86DCF1F305F906296F1CD0A9A51B680" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_B67BB34E5F4B34D5F3C7CD0A9A51FDCC" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_B67BB34E5F4B34D5F3C7CD0A9A51FDCC" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DividendsCommonStockNet" xlink:label="loc_pnw_DividendsCommonStockNet_C667CDAA7C4F50CA898CCD7963294BB8" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:to="loc_pnw_DividendsCommonStockNet_C667CDAA7C4F50CA898CCD7963294BB8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsCommonStock" xlink:label="loc_us-gaap_DividendsCommonStock_D729F10419F5D43926DCCD79F23C3023" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:to="loc_us-gaap_DividendsCommonStock_D729F10419F5D43926DCCD79F23C3023" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_B7EBA3014200388AFC29CD0A9A52455F" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_B7EBA3014200388AFC29CD0A9A52455F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_9157E0BF3B6246060634CD0A9A527F71" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_9157E0BF3B6246060634CD0A9A527F71" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockSharesAcquired" xlink:label="loc_us-gaap_TreasuryStockSharesAcquired_F05D3AD698A06DA48518CD0A9A52E36E" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:to="loc_us-gaap_TreasuryStockSharesAcquired_F05D3AD698A06DA48518CD0A9A52E36E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:label="loc_us-gaap_TreasuryStockValueAcquiredCostMethod_97988CB57F4F5EFBE7EDCD0A9A52FAAD" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:to="loc_us-gaap_TreasuryStockValueAcquiredCostMethod_97988CB57F4F5EFBE7EDCD0A9A52FAAD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesTreasuryStockReissued" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesTreasuryStockReissued_AC336A19361941677003CD0A9A5269B1" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesTreasuryStockReissued_AC336A19361941677003CD0A9A5269B1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueTreasuryStockReissued" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueTreasuryStockReissued_5B977F129CFAB72DA6C6CD0A9A533D0D" xlink:type="locator"/>
<link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueTreasuryStockReissued_5B977F129CFAB72DA6C6CD0A9A533D0D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityPeriodIncreaseDecrease" xlink:label="loc_us-gaap_StockholdersEquityPeriodIncreaseDecrease_2D60F7C664C920313B4DCD0A9A533449" xlink:type="locator"/>
<link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:to="loc_us-gaap_StockholdersEquityPeriodIncreaseDecrease_2D60F7C664C920313B4DCD0A9A533449" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="loc_us-gaap_CommonStockSharesIssued_232F4AEDA24DCA2DA68DCD0A9A535821" xlink:type="locator"/>
<link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:to="loc_us-gaap_CommonStockSharesIssued_232F4AEDA24DCA2DA68DCD0A9A535821" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_5A3D89391B1691792C72CD0A9A543A94" xlink:type="locator"/>
<link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_78C5769D141FA63E7BB4CD0A9A506C95" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_5A3D89391B1691792C72CD0A9A543A94" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/CondensedConsolidatedStatementsOfComprehensiveIncomeUnaudited" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_17DDAB40F0E3B4DBA3DEA3C5E54D5192" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_8CA0414420A44106AC7AA3C5E54D8C6F" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_17DDAB40F0E3B4DBA3DEA3C5E54D5192" xlink:to="loc_us-gaap_StatementTable_8CA0414420A44106AC7AA3C5E54D8C6F" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_FF65B0D7E31EECE413F5A3C5E54EDE7D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_8CA0414420A44106AC7AA3C5E54D8C6F" xlink:to="loc_dei_LegalEntityAxis_FF65B0D7E31EECE413F5A3C5E54EDE7D" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_C691CF5AE910CCE0D446A3C5E54EE16B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_FF65B0D7E31EECE413F5A3C5E54EDE7D" xlink:to="loc_dei_EntityDomain_C691CF5AE910CCE0D446A3C5E54EE16B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_7A85636E1DDFAE1EDFD7A3C5E54E7D1E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_C691CF5AE910CCE0D446A3C5E54EE16B" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_7A85636E1DDFAE1EDFD7A3C5E54E7D1E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_B7DEEB2A500D734CF996A3C5E54E93A4" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_8CA0414420A44106AC7AA3C5E54D8C6F" xlink:to="loc_us-gaap_StatementLineItems_B7DEEB2A500D734CF996A3C5E54E93A4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_2A4A4DCB8FB7902AEC50A3C5E54F4CA8" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_B7DEEB2A500D734CF996A3C5E54E93A4" xlink:to="loc_us-gaap_ProfitLoss_2A4A4DCB8FB7902AEC50A3C5E54F4CA8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_1686066927EC096E215BA3C5E54F3777" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_B7DEEB2A500D734CF996A3C5E54E93A4" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_1686066927EC096E215BA3C5E54F3777" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgesAbstract" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgesAbstract_07D6B1042A0FACF59431A3C5E54F52B3" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_1686066927EC096E215BA3C5E54F3777" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedgesAbstract_07D6B1042A0FACF59431A3C5E54F52B3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_858184B6A8607AE9E9DBA3C5E54FE8B4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgesAbstract_07D6B1042A0FACF59431A3C5E54F52B3" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_858184B6A8607AE9E9DBA3C5E54FE8B4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_7D1F758813DFF8DFFAA3A3C5E55017E7" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgesAbstract_07D6B1042A0FACF59431A3C5E54F52B3" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_7D1F758813DFF8DFFAA3A3C5E55017E7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_B1BE3A33AEE16A275B2FA3C5E550E057" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_1686066927EC096E215BA3C5E54F3777" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_B1BE3A33AEE16A275B2FA3C5E550E057" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_980F6EDAEEB63E4F88F6A3C5E550E10E" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_1686066927EC096E215BA3C5E54F3777" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_980F6EDAEEB63E4F88F6A3C5E550E10E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_2ED89FEE012DF5DE4F38A3C5E5509010" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_B7DEEB2A500D734CF996A3C5E54E93A4" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_2ED89FEE012DF5DE4F38A3C5E5509010" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_D904B45CF8FC2735B7E6A3C5E550FE82" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_B7DEEB2A500D734CF996A3C5E54E93A4" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_D904B45CF8FC2735B7E6A3C5E550FE82" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_6A19296D6F2837735124A3C5E550E3E7" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_B7DEEB2A500D734CF996A3C5E54E93A4" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_6A19296D6F2837735124A3C5E550E3E7" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/CondensedConsolidatedStatementsOfComprehensiveIncomeUnauditedParenthetical" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_2D5B80BD9DE17BE8639084F0BF54221F" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_6E0F28DC796A3EB137D384F0BF54C823" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_2D5B80BD9DE17BE8639084F0BF54221F" xlink:to="loc_us-gaap_StatementTable_6E0F28DC796A3EB137D384F0BF54C823" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_130519E657164FC067B484F0BF54B5D5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_6E0F28DC796A3EB137D384F0BF54C823" xlink:to="loc_dei_LegalEntityAxis_130519E657164FC067B484F0BF54B5D5" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_ECA96DDCD95B901FF15E84F0BF55748B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_130519E657164FC067B484F0BF54B5D5" xlink:to="loc_dei_EntityDomain_ECA96DDCD95B901FF15E84F0BF55748B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_AC98D791D83298FBA5D084F0BF5583DC" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_ECA96DDCD95B901FF15E84F0BF55748B" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_AC98D791D83298FBA5D084F0BF5583DC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_2FD70DFB29AB5A78B01084F0BF555639" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_6E0F28DC796A3EB137D384F0BF54C823" xlink:to="loc_us-gaap_StatementLineItems_2FD70DFB29AB5A78B01084F0BF555639" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax_09AA06128231EF62F87784F7CBC08212" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_2FD70DFB29AB5A78B01084F0BF555639" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax_09AA06128231EF62F87784F7CBC08212" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax_3FE1702A6189D84B573384F7CC035FA9" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_2FD70DFB29AB5A78B01084F0BF555639" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax_3FE1702A6189D84B573384F7CC035FA9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax_6EA58384B6203B7B8E2B84F0BF568678" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_2FD70DFB29AB5A78B01084F0BF555639" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax_6EA58384B6203B7B8E2B84F0BF568678" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/CondensedConsolidatedStatementsOfIncomeUnaudited" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="loc_us-gaap_IncomeStatementAbstract_1DFC8BCD25A108ECC781CD0A9B866692" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_4446BEBEF8EE5298D6C7CD0A9B86E547" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_1DFC8BCD25A108ECC781CD0A9B866692" xlink:to="loc_us-gaap_StatementTable_4446BEBEF8EE5298D6C7CD0A9B86E547" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_3B6D410134EDC4A1C4ACCD0A9B87F9E5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_4446BEBEF8EE5298D6C7CD0A9B86E547" xlink:to="loc_dei_LegalEntityAxis_3B6D410134EDC4A1C4ACCD0A9B87F9E5" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_EA59C1CCE8E8C4E5C926CD0A9B88B9D5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_3B6D410134EDC4A1C4ACCD0A9B87F9E5" xlink:to="loc_dei_EntityDomain_EA59C1CCE8E8C4E5C926CD0A9B88B9D5" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_0A9DC99BE2373EC92275CD0A9B8812F0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_EA59C1CCE8E8C4E5C926CD0A9B88B9D5" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_0A9DC99BE2373EC92275CD0A9B8812F0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_846F94AB41C695EA9772CD0A9B898DB5" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_4446BEBEF8EE5298D6C7CD0A9B86E547" xlink:to="loc_us-gaap_StatementLineItems_846F94AB41C695EA9772CD0A9B898DB5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Revenues" xlink:label="loc_us-gaap_Revenues_EB652F443D8A87163130CD0A9B8979B8" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_846F94AB41C695EA9772CD0A9B898DB5" xlink:to="loc_us-gaap_Revenues_EB652F443D8A87163130CD0A9B8979B8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CostsAndExpensesAbstract" xlink:label="loc_us-gaap_CostsAndExpensesAbstract_F58EE94DC7659DEBBD46CD0A9B8924CD" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_846F94AB41C695EA9772CD0A9B898DB5" xlink:to="loc_us-gaap_CostsAndExpensesAbstract_F58EE94DC7659DEBBD46CD0A9B8924CD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization" xlink:label="loc_us-gaap_CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization_FDC31681A2E87D564FABCD51B1901155" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_F58EE94DC7659DEBBD46CD0A9B8924CD" xlink:to="loc_us-gaap_CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization_FDC31681A2E87D564FABCD51B1901155" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UtilitiesOperatingExpenseMaintenanceAndOperations" xlink:label="loc_us-gaap_UtilitiesOperatingExpenseMaintenanceAndOperations_5A3C50636609854ADE0ACD0A9B8A64E3" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_F58EE94DC7659DEBBD46CD0A9B8924CD" xlink:to="loc_us-gaap_UtilitiesOperatingExpenseMaintenanceAndOperations_5A3C50636609854ADE0ACD0A9B8A64E3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CostOfGoodsAndServicesSoldDepreciationAndAmortization" xlink:label="loc_us-gaap_CostOfGoodsAndServicesSoldDepreciationAndAmortization_7DAF4C95E0E77BEE819CCD0A9B8B835A" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_F58EE94DC7659DEBBD46CD0A9B8924CD" xlink:to="loc_us-gaap_CostOfGoodsAndServicesSoldDepreciationAndAmortization_7DAF4C95E0E77BEE819CCD0A9B8B835A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TaxesExcludingIncomeAndExciseTaxes" xlink:label="loc_us-gaap_TaxesExcludingIncomeAndExciseTaxes_7B6C1DEB7A86B219B981CD0A9B8B1712" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_F58EE94DC7659DEBBD46CD0A9B8924CD" xlink:to="loc_us-gaap_TaxesExcludingIncomeAndExciseTaxes_7B6C1DEB7A86B219B981CD0A9B8B1712" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCostAndExpenseOperating" xlink:label="loc_us-gaap_OtherCostAndExpenseOperating_A1FBCE74FD50A659039CCD0A9B8BD789" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_F58EE94DC7659DEBBD46CD0A9B8924CD" xlink:to="loc_us-gaap_OtherCostAndExpenseOperating_A1FBCE74FD50A659039CCD0A9B8BD789" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="loc_us-gaap_CostsAndExpenses_3D791E7EACD05624BF72CD0A9B8B09A1" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_F58EE94DC7659DEBBD46CD0A9B8924CD" xlink:to="loc_us-gaap_CostsAndExpenses_3D791E7EACD05624BF72CD0A9B8B09A1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="loc_us-gaap_OperatingIncomeLoss_E099AF4690E98B35C8DDCD0A9B8B6312" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_846F94AB41C695EA9772CD0A9B898DB5" xlink:to="loc_us-gaap_OperatingIncomeLoss_E099AF4690E98B35C8DDCD0A9B8B6312" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NonoperatingIncomeExpenseAbstract" xlink:label="loc_us-gaap_NonoperatingIncomeExpenseAbstract_5C87C46AF4A4632821BECD0A9B8CA97E" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_846F94AB41C695EA9772CD0A9B898DB5" xlink:to="loc_us-gaap_NonoperatingIncomeExpenseAbstract_5C87C46AF4A4632821BECD0A9B8CA97E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity" xlink:label="loc_us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity_3648262C51DE6EF37DB8CD0A9B8CCA6C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NonoperatingIncomeExpenseAbstract_5C87C46AF4A4632821BECD0A9B8CA97E" xlink:to="loc_us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity_3648262C51DE6EF37DB8CD0A9B8CCA6C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PensionAndOtherPostretirementBenefitExpense" xlink:label="loc_us-gaap_PensionAndOtherPostretirementBenefitExpense_19FF8EE9343496AF7ED4CD0A9B8DC6BE" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NonoperatingIncomeExpenseAbstract_5C87C46AF4A4632821BECD0A9B8CA97E" xlink:to="loc_us-gaap_PensionAndOtherPostretirementBenefitExpense_19FF8EE9343496AF7ED4CD0A9B8DC6BE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherNonoperatingIncome" xlink:label="loc_us-gaap_OtherNonoperatingIncome_332916930881B7B3DD40CD0A9B8D2591" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NonoperatingIncomeExpenseAbstract_5C87C46AF4A4632821BECD0A9B8CA97E" xlink:to="loc_us-gaap_OtherNonoperatingIncome_332916930881B7B3DD40CD0A9B8D2591" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherNonoperatingExpense" xlink:label="loc_us-gaap_OtherNonoperatingExpense_B1CC43E868BED80B963ECD0A9B8D9A76" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NonoperatingIncomeExpenseAbstract_5C87C46AF4A4632821BECD0A9B8CA97E" xlink:to="loc_us-gaap_OtherNonoperatingExpense_B1CC43E868BED80B963ECD0A9B8D9A76" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="loc_us-gaap_NonoperatingIncomeExpense_BEE13E2FD8ED3119A1B9CD0A9B8E64C7" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NonoperatingIncomeExpenseAbstract_5C87C46AF4A4632821BECD0A9B8CA97E" xlink:to="loc_us-gaap_NonoperatingIncomeExpense_BEE13E2FD8ED3119A1B9CD0A9B8E64C7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpenseAbstract" xlink:label="loc_us-gaap_InterestExpenseAbstract_5406357D033E65EED1B1CD0A9B8E5A00" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_846F94AB41C695EA9772CD0A9B898DB5" xlink:to="loc_us-gaap_InterestExpenseAbstract_5406357D033E65EED1B1CD0A9B8E5A00" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestCostsIncurred" xlink:label="loc_us-gaap_InterestCostsIncurred_3F6B3805ED8EFF692D49CD0A9B8EBE23" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestExpenseAbstract_5406357D033E65EED1B1CD0A9B8E5A00" xlink:to="loc_us-gaap_InterestCostsIncurred_3F6B3805ED8EFF692D49CD0A9B8EBE23" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions" xlink:label="loc_us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions_D2F7E5C40D902313F18FCD0A9B8F88D7" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestExpenseAbstract_5406357D033E65EED1B1CD0A9B8E5A00" xlink:to="loc_us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions_D2F7E5C40D902313F18FCD0A9B8F88D7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_B3F749C4D9FA0A1D511ECD0A9B8FA354" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InterestExpenseAbstract_5406357D033E65EED1B1CD0A9B8E5A00" xlink:to="loc_us-gaap_InterestExpense_B3F749C4D9FA0A1D511ECD0A9B8FA354" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_B6CCB6169CA4920FEB72CD0A9B8F5896" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_846F94AB41C695EA9772CD0A9B898DB5" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_B6CCB6169CA4920FEB72CD0A9B8F5896" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_A57852C0B2DC15DBBB49CD0A9B90F044" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_846F94AB41C695EA9772CD0A9B898DB5" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_A57852C0B2DC15DBBB49CD0A9B90F044" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_1458D6C85961964CAFDCCD0A9B905FD4" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_846F94AB41C695EA9772CD0A9B898DB5" xlink:to="loc_us-gaap_ProfitLoss_1458D6C85961964CAFDCCD0A9B905FD4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_D6948EF51226D19B3276CD0A9B906A04" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_846F94AB41C695EA9772CD0A9B898DB5" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_D6948EF51226D19B3276CD0A9B906A04" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_B3E1E06A00BC505C8558CD0A9B90D3FE" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_846F94AB41C695EA9772CD0A9B898DB5" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_B3E1E06A00BC505C8558CD0A9B90D3FE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_150FCA8603B37ABE7CCECD0A9B915262" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_846F94AB41C695EA9772CD0A9B898DB5" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_150FCA8603B37ABE7CCECD0A9B915262" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_1C91BD44EA3F0EA9E760CD0A9B91E912" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_150FCA8603B37ABE7CCECD0A9B915262" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_1C91BD44EA3F0EA9E760CD0A9B91E912" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_ACADF64AB4C659F919C6CD0A9B919DCE" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_150FCA8603B37ABE7CCECD0A9B915262" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_ACADF64AB4C659F919C6CD0A9B919DCE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_2C94140D2B278419CE7ECD0A9B92C3EC" xlink:type="locator"/>
<link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_846F94AB41C695EA9772CD0A9B898DB5" xlink:to="loc_us-gaap_EarningsPerShareAbstract_2C94140D2B278419CE7ECD0A9B92C3EC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaap_EarningsPerShareBasic_B0371D426A9510657E21CD0A9B92CC9D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_2C94140D2B278419CE7ECD0A9B92C3EC" xlink:to="loc_us-gaap_EarningsPerShareBasic_B0371D426A9510657E21CD0A9B92CC9D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaap_EarningsPerShareDiluted_3575F63AD6907E337DD5CD0A9B9387AA" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_2C94140D2B278419CE7ECD0A9B92C3EC" xlink:to="loc_us-gaap_EarningsPerShareDiluted_3575F63AD6907E337DD5CD0A9B9387AA" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/ConsolidationAndNatureOfOperations" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_3656BF1CDE335D178EC8EA75491B58CD" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_5B31F81EFA625686A589886171A40C42" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_3656BF1CDE335D178EC8EA75491B58CD" xlink:to="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_5B31F81EFA625686A589886171A40C42" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/ConsolidationAndNatureOfOperationsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_8AE7A690CEB26C54236C5180DFAD4685" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresTable" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_EFA87EB64477AF86A8E75180DFAD91B5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_8AE7A690CEB26C54236C5180DFAD4685" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_EFA87EB64477AF86A8E75180DFAD91B5" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_FA04B4947C9F536788AF5180DFADE5CF" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_EFA87EB64477AF86A8E75180DFAD91B5" xlink:to="loc_dei_LegalEntityAxis_FA04B4947C9F536788AF5180DFADE5CF" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_F7CA8948B7CB405D1C455180DFAE26D0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_FA04B4947C9F536788AF5180DFADE5CF" xlink:to="loc_dei_EntityDomain_F7CA8948B7CB405D1C455180DFAE26D0" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_C4C58C6329AD0A54ED845180DFAEBF7C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_F7CA8948B7CB405D1C455180DFAE26D0" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_C4C58C6329AD0A54ED845180DFAEBF7C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresLineItems" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_9B8E1247D8012501040B5180DFAEAB56" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_EFA87EB64477AF86A8E75180DFAD91B5" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_9B8E1247D8012501040B5180DFAEAB56" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_CashPaidDuringPeriodAbstract" xlink:label="loc_pnw_CashPaidDuringPeriodAbstract_26501A8C0CD9942CB36C5180DFAF5441" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_9B8E1247D8012501040B5180DFAEAB56" xlink:to="loc_pnw_CashPaidDuringPeriodAbstract_26501A8C0CD9942CB36C5180DFAF5441" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="loc_us-gaap_IncomeTaxesPaidNet_BAFF27D19C3AB9DEA29A5180DFAFF6B7" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CashPaidDuringPeriodAbstract_26501A8C0CD9942CB36C5180DFAF5441" xlink:to="loc_us-gaap_IncomeTaxesPaidNet_BAFF27D19C3AB9DEA29A5180DFAFF6B7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="loc_us-gaap_InterestPaidNet_58D914DD4E9875B815065180DFAF8F6A" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CashPaidDuringPeriodAbstract_26501A8C0CD9942CB36C5180DFAF5441" xlink:to="loc_us-gaap_InterestPaidNet_58D914DD4E9875B815065180DFAF8F6A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_126717F04678FFAADBC55180DFAF21F4" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_9B8E1247D8012501040B5180DFAEAB56" xlink:to="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_126717F04678FFAADBC55180DFAF21F4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CapitalExpendituresIncurredButNotYetPaid" xlink:label="loc_us-gaap_CapitalExpendituresIncurredButNotYetPaid_B7999FA306578098F45C5180DFAF38F9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_126717F04678FFAADBC55180DFAF21F4" xlink:to="loc_us-gaap_CapitalExpendituresIncurredButNotYetPaid_B7999FA306578098F45C5180DFAF38F9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability" xlink:label="loc_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_28B9EDDA6CF3E2DD909F5180DFB06839" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_126717F04678FFAADBC55180DFAF21F4" xlink:to="loc_us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability_28B9EDDA6CF3E2DD909F5180DFB06839" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/ConsolidationAndNatureOfOperationsTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_E2FC69AB3929533E9F62BD88B898D8E0" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_F17F4830532C595B8AB4C16DFE457A95" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_E2FC69AB3929533E9F62BD88B898D8E0" xlink:to="loc_us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock_F17F4830532C595B8AB4C16DFE457A95" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/DerivativeAccounting" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_0C51D9A0A2675E46852B2E65C680E8C4" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_B23A30AEF7EB5D4080A39F13F2C1678B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_0C51D9A0A2675E46852B2E65C680E8C4" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_B23A30AEF7EB5D4080A39F13F2C1678B" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/DerivativeAccountingCreditRiskAndCreditRelatedContingentFeaturesDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_EBBA1777D8A15D62AE42D951DF89180F" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable" xlink:label="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_144845E4F7745842A9AF03866CCC3751" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_EBBA1777D8A15D62AE42D951DF89180F" xlink:to="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_144845E4F7745842A9AF03866CCC3751" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_0F541A63654853C7B2F42654391B9B05" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_144845E4F7745842A9AF03866CCC3751" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_0F541A63654853C7B2F42654391B9B05" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_3FFF7E5C821B54DE9C20CE3B2C27F965" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_0F541A63654853C7B2F42654391B9B05" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_3FFF7E5C821B54DE9C20CE3B2C27F965" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_5399AAABC08752259B0C6D198317F722" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_3FFF7E5C821B54DE9C20CE3B2C27F965" xlink:to="loc_us-gaap_CommodityContractMember_5399AAABC08752259B0C6D198317F722" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativesFairValueLineItems" xlink:label="loc_us-gaap_DerivativesFairValueLineItems_2DC22C866EAB539A889D2807BA5F2B4E" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_144845E4F7745842A9AF03866CCC3751" xlink:to="loc_us-gaap_DerivativesFairValueLineItems_2DC22C866EAB539A889D2807BA5F2B4E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeCreditRiskRelatedContingentFeaturesAbstract" xlink:label="loc_us-gaap_DerivativeCreditRiskRelatedContingentFeaturesAbstract_26ACBBC187D45B7CB1BCECE370A91B31" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_2DC22C866EAB539A889D2807BA5F2B4E" xlink:to="loc_us-gaap_DerivativeCreditRiskRelatedContingentFeaturesAbstract_26ACBBC187D45B7CB1BCECE370A91B31" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeNetLiabilityPositionAggregateFairValue" xlink:label="loc_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_C872B2E337EE56E6803C0450C27DF41B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeCreditRiskRelatedContingentFeaturesAbstract_26ACBBC187D45B7CB1BCECE370A91B31" xlink:to="loc_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_C872B2E337EE56E6803C0450C27DF41B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CollateralAlreadyPostedAggregateFairValue" xlink:label="loc_us-gaap_CollateralAlreadyPostedAggregateFairValue_FA5C7D33793C56BDA859C3C9E350561C" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeCreditRiskRelatedContingentFeaturesAbstract_26ACBBC187D45B7CB1BCECE370A91B31" xlink:to="loc_us-gaap_CollateralAlreadyPostedAggregateFairValue_FA5C7D33793C56BDA859C3C9E350561C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalCollateralAggregateFairValue" xlink:label="loc_us-gaap_AdditionalCollateralAggregateFairValue_70F2B9BC02685FCBAC86E4996808A260" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeCreditRiskRelatedContingentFeaturesAbstract_26ACBBC187D45B7CB1BCECE370A91B31" xlink:to="loc_us-gaap_AdditionalCollateralAggregateFairValue_70F2B9BC02685FCBAC86E4996808A260" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/DerivativeAccountingDerivativeInstrumentsInBalanceSheetsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_FEF341E6EB35396BB6CE7F33CB564F9A" xlink:type="locator"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_OffsettingAssetsAndLiabilitiesTable" xlink:label="loc_pnw_OffsettingAssetsAndLiabilitiesTable_ADE99EC7071993A679897F33CB569B63" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_FEF341E6EB35396BB6CE7F33CB564F9A" xlink:to="loc_pnw_OffsettingAssetsAndLiabilitiesTable_ADE99EC7071993A679897F33CB569B63" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_0A11E0FDF81351B1BB5E7F33CB5617E5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_OffsettingAssetsAndLiabilitiesTable_ADE99EC7071993A679897F33CB569B63" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_0A11E0FDF81351B1BB5E7F33CB5617E5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_59C2372391A4BB186E757F33CB57B65E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_0A11E0FDF81351B1BB5E7F33CB5617E5" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_59C2372391A4BB186E757F33CB57B65E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_19042C4F47AA96CEF6737F33CB57744A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_59C2372391A4BB186E757F33CB57B65E" xlink:to="loc_us-gaap_CommodityContractMember_19042C4F47AA96CEF6737F33CB57744A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="loc_us-gaap_BalanceSheetLocationAxis_805B141E0779003988527F33CB572DF4" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_OffsettingAssetsAndLiabilitiesTable_ADE99EC7071993A679897F33CB569B63" xlink:to="loc_us-gaap_BalanceSheetLocationAxis_805B141E0779003988527F33CB572DF4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_63DA6168818C54804E6E7F33CB57A815" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetLocationAxis_805B141E0779003988527F33CB572DF4" xlink:to="loc_us-gaap_BalanceSheetLocationDomain_63DA6168818C54804E6E7F33CB57A815" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssetsMember" xlink:label="loc_us-gaap_OtherAssetsMember_D1416E57524C19138FE67F33CB587EDE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetLocationDomain_63DA6168818C54804E6E7F33CB57A815" xlink:to="loc_us-gaap_OtherAssetsMember_D1416E57524C19138FE67F33CB587EDE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherInvestmentsMember" xlink:label="loc_us-gaap_OtherInvestmentsMember_6BE263601593749F76207F52A2EB8DA6" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetLocationDomain_63DA6168818C54804E6E7F33CB57A815" xlink:to="loc_us-gaap_OtherInvestmentsMember_6BE263601593749F76207F52A2EB8DA6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherLiabilitiesMember" xlink:label="loc_us-gaap_OtherLiabilitiesMember_464BBCF5A2BC9E47F7CF7F33CB58BEE9" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetLocationDomain_63DA6168818C54804E6E7F33CB57A815" xlink:to="loc_us-gaap_OtherLiabilitiesMember_464BBCF5A2BC9E47F7CF7F33CB58BEE9" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DeferredCreditsMember" xlink:label="loc_pnw_DeferredCreditsMember_3515C787C47084A283C17F33CB588ACC" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetLocationDomain_63DA6168818C54804E6E7F33CB57A815" xlink:to="loc_pnw_DeferredCreditsMember_3515C787C47084A283C17F33CB588ACC" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_OffsettingAssetsAndLiabilitiesLineItems" xlink:label="loc_pnw_OffsettingAssetsAndLiabilitiesLineItems_B14EB0142015971CED4B7F33CB58056D" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_OffsettingAssetsAndLiabilitiesTable_ADE99EC7071993A679897F33CB569B63" xlink:to="loc_pnw_OffsettingAssetsAndLiabilitiesLineItems_B14EB0142015971CED4B7F33CB58056D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OffsettingDerivativeAssetsAbstract" xlink:label="loc_us-gaap_OffsettingDerivativeAssetsAbstract_1C7AF4CCFCEE42738AE37F33CB5875CD" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_OffsettingAssetsAndLiabilitiesLineItems_B14EB0142015971CED4B7F33CB58056D" xlink:to="loc_us-gaap_OffsettingDerivativeAssetsAbstract_1C7AF4CCFCEE42738AE37F33CB5875CD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAsset" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeAsset_0D599192E9DF7883E37A7F33CB5984DF" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OffsettingDerivativeAssetsAbstract_1C7AF4CCFCEE42738AE37F33CB5875CD" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeAsset_0D599192E9DF7883E37A7F33CB5984DF" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset" xlink:label="loc_us-gaap_DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset_60B548E737335289C9BB7F33CB59FA1F" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OffsettingDerivativeAssetsAbstract_1C7AF4CCFCEE42738AE37F33CB5875CD" xlink:to="loc_us-gaap_DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset_60B548E737335289C9BB7F33CB59FA1F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral_7919BE19F68AE3AEE2B57F33CB59DE0C" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OffsettingDerivativeAssetsAbstract_1C7AF4CCFCEE42738AE37F33CB5875CD" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral_7919BE19F68AE3AEE2B57F33CB59DE0C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement" xlink:label="loc_us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement_350551BA176FA747BABB7F33CB593BF5" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OffsettingDerivativeAssetsAbstract_1C7AF4CCFCEE42738AE37F33CB5875CD" xlink:to="loc_us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement_350551BA176FA747BABB7F33CB593BF5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="loc_us-gaap_DerivativeAssets_0EF581DA48109A8D54317F33CB5AC9B9" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OffsettingDerivativeAssetsAbstract_1C7AF4CCFCEE42738AE37F33CB5875CD" xlink:to="loc_us-gaap_DerivativeAssets_0EF581DA48109A8D54317F33CB5AC9B9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OffsettingDerivativeLiabilitiesAbstract" xlink:label="loc_us-gaap_OffsettingDerivativeLiabilitiesAbstract_F6AC66BAB44ED8857D9D7F33CB5ACE6E" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_OffsettingAssetsAndLiabilitiesLineItems_B14EB0142015971CED4B7F33CB58056D" xlink:to="loc_us-gaap_OffsettingDerivativeLiabilitiesAbstract_F6AC66BAB44ED8857D9D7F33CB5ACE6E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeLiability_DD75A5A0912B588313877F33CB5AE541" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OffsettingDerivativeLiabilitiesAbstract_F6AC66BAB44ED8857D9D7F33CB5ACE6E" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeLiability_DD75A5A0912B588313877F33CB5AE541" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset_2F9675CB1634CD614E2E7F33CB5A09AD" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OffsettingDerivativeLiabilitiesAbstract_F6AC66BAB44ED8857D9D7F33CB5ACE6E" xlink:to="loc_us-gaap_DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset_2F9675CB1634CD614E2E7F33CB5A09AD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral_6C49C8CFB9019BFCB4A67F33CB5A87B9" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OffsettingDerivativeLiabilitiesAbstract_F6AC66BAB44ED8857D9D7F33CB5ACE6E" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral_6C49C8CFB9019BFCB4A67F33CB5A87B9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement" xlink:label="loc_us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement_CAFBEC7F453228FF8BF97F33CB5ADF1B" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OffsettingDerivativeLiabilitiesAbstract_F6AC66BAB44ED8857D9D7F33CB5ACE6E" xlink:to="loc_us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement_CAFBEC7F453228FF8BF97F33CB5ADF1B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_9457649E1480D3DA1BCA7F33CB5B0DCD" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OffsettingDerivativeLiabilitiesAbstract_F6AC66BAB44ED8857D9D7F33CB5ACE6E" xlink:to="loc_us-gaap_DerivativeLiabilities_9457649E1480D3DA1BCA7F33CB5B0DCD" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_OffsettingDerivativeAssetsLiabilitiesNetAbstract" xlink:label="loc_pnw_OffsettingDerivativeAssetsLiabilitiesNetAbstract_A97FA9E71E25F76B26D67F33CB5B5404" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_OffsettingAssetsAndLiabilitiesLineItems_B14EB0142015971CED4B7F33CB58056D" xlink:to="loc_pnw_OffsettingDerivativeAssetsLiabilitiesNetAbstract_A97FA9E71E25F76B26D67F33CB5B5404" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DerivativeAssetLiabilityFairValueGrossAssetLiability" xlink:label="loc_pnw_DerivativeAssetLiabilityFairValueGrossAssetLiability_47DBB31B1B66FD29ECCC7F33CB5B17DE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_OffsettingDerivativeAssetsLiabilitiesNetAbstract_A97FA9E71E25F76B26D67F33CB5B5404" xlink:to="loc_pnw_DerivativeAssetLiabilityFairValueGrossAssetLiability_47DBB31B1B66FD29ECCC7F33CB5B17DE" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DerivativeAssetLiabilityFairValueGrossLiabilityAssetandObligationtoReturnandRighttoReclaimCashOffset" xlink:label="loc_pnw_DerivativeAssetLiabilityFairValueGrossLiabilityAssetandObligationtoReturnandRighttoReclaimCashOffset_84DF52027AFF28A58FB37F33CB5B3941" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_OffsettingDerivativeAssetsLiabilitiesNetAbstract_A97FA9E71E25F76B26D67F33CB5B5404" xlink:to="loc_pnw_DerivativeAssetLiabilityFairValueGrossLiabilityAssetandObligationtoReturnandRighttoReclaimCashOffset_84DF52027AFF28A58FB37F33CB5B3941" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DerivativeAssetLiabilityFairValueAmountNotOffsetAgainstCollateral" xlink:label="loc_pnw_DerivativeAssetLiabilityFairValueAmountNotOffsetAgainstCollateral_E68FA41D4C18413611B77F33CB5BA1C3" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_OffsettingDerivativeAssetsLiabilitiesNetAbstract_A97FA9E71E25F76B26D67F33CB5B5404" xlink:to="loc_pnw_DerivativeAssetLiabilityFairValueAmountNotOffsetAgainstCollateral_E68FA41D4C18413611B77F33CB5BA1C3" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DerivativeAssetLiabilityAmountNotOffsetAgainstCollateral" xlink:label="loc_pnw_DerivativeAssetLiabilityAmountNotOffsetAgainstCollateral_E8F14CBCEEAB498287007F33CB5B78E5" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_OffsettingDerivativeAssetsLiabilitiesNetAbstract_A97FA9E71E25F76B26D67F33CB5B5404" xlink:to="loc_pnw_DerivativeAssetLiabilityAmountNotOffsetAgainstCollateral_E8F14CBCEEAB498287007F33CB5B78E5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:label="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_6D997A8EED16592202527F33CB5C5C56" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_OffsettingDerivativeAssetsLiabilitiesNetAbstract_A97FA9E71E25F76B26D67F33CB5B5404" xlink:to="loc_us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet_6D997A8EED16592202527F33CB5C5C56" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement" xlink:label="loc_us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement_86EB67F8E821D7D265AA7F33CB5CF397" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_OffsettingAssetsAndLiabilitiesLineItems_B14EB0142015971CED4B7F33CB58056D" xlink:to="loc_us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement_86EB67F8E821D7D265AA7F33CB5CF397" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/DerivativeAccountingGainsAndLossesFromDerivativeInstrumentsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_39EC692708083F3552127F33CB62BA04" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_6FD57C629F9C0E1E678B7F33CB62138D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_39EC692708083F3552127F33CB62BA04" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_6FD57C629F9C0E1E678B7F33CB62138D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="loc_us-gaap_HedgingDesignationAxis_B7136E9CAF917D71BB207F33CB625481" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_6FD57C629F9C0E1E678B7F33CB62138D" xlink:to="loc_us-gaap_HedgingDesignationAxis_B7136E9CAF917D71BB207F33CB625481" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="loc_us-gaap_HedgingDesignationDomain_50929395787EB18B343F7F33CB6205E8" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_B7136E9CAF917D71BB207F33CB625481" xlink:to="loc_us-gaap_HedgingDesignationDomain_50929395787EB18B343F7F33CB6205E8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DesignatedAsHedgingInstrumentMember" xlink:label="loc_us-gaap_DesignatedAsHedgingInstrumentMember_B9837B7E25793B73E2447F33CB639CCC" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_50929395787EB18B343F7F33CB6205E8" xlink:to="loc_us-gaap_DesignatedAsHedgingInstrumentMember_B9837B7E25793B73E2447F33CB639CCC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NondesignatedMember" xlink:label="loc_us-gaap_NondesignatedMember_2F5ABF57EEE5115FCBC57F33CB631771" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_50929395787EB18B343F7F33CB6205E8" xlink:to="loc_us-gaap_NondesignatedMember_2F5ABF57EEE5115FCBC57F33CB631771" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_80408C8C8088BF0941327F33CB637FCD" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_6FD57C629F9C0E1E678B7F33CB62138D" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_80408C8C8088BF0941327F33CB637FCD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_955AFFCF3C025E860F747F33CB633A83" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_80408C8C8088BF0941327F33CB637FCD" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_955AFFCF3C025E860F747F33CB633A83" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_2B1A4A5214F27EEE97F27F33CB6310F5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_955AFFCF3C025E860F747F33CB633A83" xlink:to="loc_us-gaap_CommodityContractMember_2B1A4A5214F27EEE97F27F33CB6310F5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_CBF7365E238241A9CC977F33CB644C23" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_6FD57C629F9C0E1E678B7F33CB62138D" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_CBF7365E238241A9CC977F33CB644C23" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_61BEE386D5BC38E9D2DF7F33CB64C496" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_CBF7365E238241A9CC977F33CB644C23" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_61BEE386D5BC38E9D2DF7F33CB64C496" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CostOfSalesMember" xlink:label="loc_us-gaap_CostOfSalesMember_3D0AFC3AB5AFE41B23A17F33CB64EEE5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_61BEE386D5BC38E9D2DF7F33CB64C496" xlink:to="loc_us-gaap_CostOfSalesMember_3D0AFC3AB5AFE41B23A17F33CB64EEE5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossLineItems" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_00E9DC84EDE382A378A17F33CB64A69A" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_6FD57C629F9C0E1E678B7F33CB62138D" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_00E9DC84EDE382A378A17F33CB64A69A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet" xlink:label="loc_us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet_1987B9E33E0C62E751607F33CB64CC74" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_00E9DC84EDE382A378A17F33CB64A69A" xlink:to="loc_us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet_1987B9E33E0C62E751607F33CB64CC74" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeOnDiscontinuation" xlink:label="loc_pnw_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeOnDiscontinuation_964896498F824C3C7BCB7F33CB64029B" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_00E9DC84EDE382A378A17F33CB64A69A" xlink:to="loc_pnw_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeOnDiscontinuation_964896498F824C3C7BCB7F33CB64029B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNetAbstract" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNetAbstract_A8661268C57155110C157F33CB642E86" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsGainLossLineItems_00E9DC84EDE382A378A17F33CB64A69A" xlink:to="loc_us-gaap_DerivativeGainLossOnDerivativeNetAbstract_A8661268C57155110C157F33CB642E86" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" xlink:label="loc_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_0E0E95B8C4B891446EA27F33CB641D92" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeGainLossOnDerivativeNetAbstract_A8661268C57155110C157F33CB642E86" xlink:to="loc_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_0E0E95B8C4B891446EA27F33CB641D92" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/DerivativeAccountingNarrativeDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_0DD901C5C13457F2A690303D7F084E65" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeTable" xlink:label="loc_us-gaap_DerivativeTable_FFDC844521E15A278FF59EF7B5ABF9FB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_0DD901C5C13457F2A690303D7F084E65" xlink:to="loc_us-gaap_DerivativeTable_FFDC844521E15A278FF59EF7B5ABF9FB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:label="loc_us-gaap_ConcentrationRiskByBenchmarkAxis_8A60FD0EA3FC5FA781B0B4F8B0ABB714" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_FFDC844521E15A278FF59EF7B5ABF9FB" xlink:to="loc_us-gaap_ConcentrationRiskByBenchmarkAxis_8A60FD0EA3FC5FA781B0B4F8B0ABB714" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConcentrationRiskBenchmarkDomain" xlink:label="loc_us-gaap_ConcentrationRiskBenchmarkDomain_0AC4625524DD5DFBA3A4802EBA9C9B01" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConcentrationRiskByBenchmarkAxis_8A60FD0EA3FC5FA781B0B4F8B0ABB714" xlink:to="loc_us-gaap_ConcentrationRiskBenchmarkDomain_0AC4625524DD5DFBA3A4802EBA9C9B01" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RiskManagementAssetsMember" xlink:label="loc_pnw_RiskManagementAssetsMember_51BFDA2226B55BF686829E0C99D22EEE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConcentrationRiskBenchmarkDomain_0AC4625524DD5DFBA3A4802EBA9C9B01" xlink:to="loc_pnw_RiskManagementAssetsMember_51BFDA2226B55BF686829E0C99D22EEE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConcentrationRiskByTypeAxis" xlink:label="loc_us-gaap_ConcentrationRiskByTypeAxis_C86E0AC15F3251039A14F93357D22D49" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_FFDC844521E15A278FF59EF7B5ABF9FB" xlink:to="loc_us-gaap_ConcentrationRiskByTypeAxis_C86E0AC15F3251039A14F93357D22D49" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConcentrationRiskTypeDomain" xlink:label="loc_us-gaap_ConcentrationRiskTypeDomain_CFAB2A2737BD5ECAA31DE0095BC8A932" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConcentrationRiskByTypeAxis_C86E0AC15F3251039A14F93357D22D49" xlink:to="loc_us-gaap_ConcentrationRiskTypeDomain_CFAB2A2737BD5ECAA31DE0095BC8A932" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditConcentrationRiskMember" xlink:label="loc_us-gaap_CreditConcentrationRiskMember_3140AF8506D75E16857C1572089C395D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConcentrationRiskTypeDomain_CFAB2A2737BD5ECAA31DE0095BC8A932" xlink:to="loc_us-gaap_CreditConcentrationRiskMember_3140AF8506D75E16857C1572089C395D" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_C69C0095EC5956BD90F8B6BA6220926A" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_FFDC844521E15A278FF59EF7B5ABF9FB" xlink:to="loc_dei_LegalEntityAxis_C69C0095EC5956BD90F8B6BA6220926A" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_EB72A179BE0C502B83960FF44D64B15B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_C69C0095EC5956BD90F8B6BA6220926A" xlink:to="loc_dei_EntityDomain_EB72A179BE0C502B83960FF44D64B15B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_D83FBEFF7AFA525D9F76F35B1B23CA2B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_EB72A179BE0C502B83960FF44D64B15B" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_D83FBEFF7AFA525D9F76F35B1B23CA2B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_B0FE8EB190FE518E89A801B1C5D8E084" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_FFDC844521E15A278FF59EF7B5ABF9FB" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_B0FE8EB190FE518E89A801B1C5D8E084" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_1FE9A682C4CE57DDA3EB6A9E530141C1" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_B0FE8EB190FE518E89A801B1C5D8E084" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_1FE9A682C4CE57DDA3EB6A9E530141C1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_6A2B3E644F0A578A9F3B221421BCF366" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_1FE9A682C4CE57DDA3EB6A9E530141C1" xlink:to="loc_us-gaap_CommodityContractMember_6A2B3E644F0A578A9F3B221421BCF366" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="loc_us-gaap_HedgingDesignationAxis_6880E1937D3D50D08E96369EB591B1C7" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_FFDC844521E15A278FF59EF7B5ABF9FB" xlink:to="loc_us-gaap_HedgingDesignationAxis_6880E1937D3D50D08E96369EB591B1C7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="loc_us-gaap_HedgingDesignationDomain_C7FED2ECC93E5708B135416B51750C69" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_6880E1937D3D50D08E96369EB591B1C7" xlink:to="loc_us-gaap_HedgingDesignationDomain_C7FED2ECC93E5708B135416B51750C69" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DesignatedAsHedgingInstrumentMember" xlink:label="loc_us-gaap_DesignatedAsHedgingInstrumentMember_CEC79B4FEE5752FABD3DA00DC50FD2F3" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_C7FED2ECC93E5708B135416B51750C69" xlink:to="loc_us-gaap_DesignatedAsHedgingInstrumentMember_CEC79B4FEE5752FABD3DA00DC50FD2F3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="loc_us-gaap_DerivativeLineItems_36D05659F9185FEE9BEBFB0360468A64" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_FFDC844521E15A278FF59EF7B5ABF9FB" xlink:to="loc_us-gaap_DerivativeLineItems_36D05659F9185FEE9BEBFB0360468A64" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PercentageOfUnrealizedGainsAndLossesOnCertainDerivativesDeferredForFutureRateTreatment" xlink:label="loc_pnw_PercentageOfUnrealizedGainsAndLossesOnCertainDerivativesDeferredForFutureRateTreatment_43318B598A2A5B8FB15D5F739BE36DA8" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_36D05659F9185FEE9BEBFB0360468A64" xlink:to="loc_pnw_PercentageOfUnrealizedGainsAndLossesOnCertainDerivativesDeferredForFutureRateTreatment_43318B598A2A5B8FB15D5F739BE36DA8" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeOnDiscontinuation" xlink:label="loc_pnw_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeOnDiscontinuation_13F450577FE5576AB727861682EFA2D9" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_36D05659F9185FEE9BEBFB0360468A64" xlink:to="loc_pnw_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeOnDiscontinuation_13F450577FE5576AB727861682EFA2D9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths" xlink:label="loc_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_426A618ECDBC5B9DA2D6DB16D8A13D4A" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_36D05659F9185FEE9BEBFB0360468A64" xlink:to="loc_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_426A618ECDBC5B9DA2D6DB16D8A13D4A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConcentrationRiskPercentage1" xlink:label="loc_us-gaap_ConcentrationRiskPercentage1_01B55AC9F02D5E74B52F7E63AB728BA6" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_36D05659F9185FEE9BEBFB0360468A64" xlink:to="loc_us-gaap_ConcentrationRiskPercentage1_01B55AC9F02D5E74B52F7E63AB728BA6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_DC92CAAE368B578F84D8C37D5D769654" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_36D05659F9185FEE9BEBFB0360468A64" xlink:to="loc_us-gaap_DerivativeLiabilities_DC92CAAE368B578F84D8C37D5D769654" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_NonDerivativeCreditRiskContractAdditionalCollateralAggregateFairValue" xlink:label="loc_pnw_NonDerivativeCreditRiskContractAdditionalCollateralAggregateFairValue_2CC30A07DE55521782041410DB33AD64" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_36D05659F9185FEE9BEBFB0360468A64" xlink:to="loc_pnw_NonDerivativeCreditRiskContractAdditionalCollateralAggregateFairValue_2CC30A07DE55521782041410DB33AD64" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/DerivativeAccountingScheduleOfGrossNotionalAmountsOutstandingDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_14DB3ECEA0655A739032F485EE936B01" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeTable" xlink:label="loc_us-gaap_DerivativeTable_17F91246A795577C9DC4C361D57FEEB2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_14DB3ECEA0655A739032F485EE936B01" xlink:to="loc_us-gaap_DerivativeTable_17F91246A795577C9DC4C361D57FEEB2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_2BAA0F5F1EA05BA990CFCC52EA6595B9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_17F91246A795577C9DC4C361D57FEEB2" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_2BAA0F5F1EA05BA990CFCC52EA6595B9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_5E643DEE77FC57C896A4E3FC106FD9BD" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_2BAA0F5F1EA05BA990CFCC52EA6595B9" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_5E643DEE77FC57C896A4E3FC106FD9BD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="loc_us-gaap_CommodityContractMember_939162E8EFF25E3B9B12AD40C7EEE96F" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_5E643DEE77FC57C896A4E3FC106FD9BD" xlink:to="loc_us-gaap_CommodityContractMember_939162E8EFF25E3B9B12AD40C7EEE96F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="loc_us-gaap_DerivativeLineItems_7E30676E6945555BA67612EC99F57243" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_17F91246A795577C9DC4C361D57FEEB2" xlink:to="loc_us-gaap_DerivativeLineItems_7E30676E6945555BA67612EC99F57243" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NotionalAmountOfDerivativesAbstract" xlink:label="loc_us-gaap_NotionalAmountOfDerivativesAbstract_4253C097096D53D58FE99F1D8485A8E4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_7E30676E6945555BA67612EC99F57243" xlink:to="loc_us-gaap_NotionalAmountOfDerivativesAbstract_4253C097096D53D58FE99F1D8485A8E4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure" xlink:label="loc_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure_959BF89283ED5AB08640F3DEBCC932BE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NotionalAmountOfDerivativesAbstract_4253C097096D53D58FE99F1D8485A8E4" xlink:to="loc_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure_959BF89283ED5AB08640F3DEBCC932BE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeNonmonetaryNotionalAmountVolume" xlink:label="loc_us-gaap_DerivativeNonmonetaryNotionalAmountVolume_76BBAB929EBB574BA1887582A0F18A01" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NotionalAmountOfDerivativesAbstract_4253C097096D53D58FE99F1D8485A8E4" xlink:to="loc_us-gaap_DerivativeNonmonetaryNotionalAmountVolume_76BBAB929EBB574BA1887582A0F18A01" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/DerivativeAccountingTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_941697ACB5975188B9C689BCADD782DC" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_3A83FEA2CFBE523CA597263E00E73B58" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_941697ACB5975188B9C689BCADD782DC" xlink:to="loc_us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock_3A83FEA2CFBE523CA597263E00E73B58" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock" xlink:label="loc_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_0ADD74F5F8555309864D19968F52E655" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_941697ACB5975188B9C689BCADD782DC" xlink:to="loc_us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock_0ADD74F5F8555309864D19968F52E655" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_7D0F42A996485FEC875910BDC742641B" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_941697ACB5975188B9C689BCADD782DC" xlink:to="loc_us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_7D0F42A996485FEC875910BDC742641B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OffsettingAssetsTableTextBlock" xlink:label="loc_us-gaap_OffsettingAssetsTableTextBlock_F98ECCDA1206519CBEC3CB4D13EBA77F" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_941697ACB5975188B9C689BCADD782DC" xlink:to="loc_us-gaap_OffsettingAssetsTableTextBlock_F98ECCDA1206519CBEC3CB4D13EBA77F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OffsettingLiabilitiesTableTextBlock" xlink:label="loc_us-gaap_OffsettingLiabilitiesTableTextBlock_9F91839A5F6C5441B89662E3B00BFD2B" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_941697ACB5975188B9C689BCADD782DC" xlink:to="loc_us-gaap_OffsettingLiabilitiesTableTextBlock_9F91839A5F6C5441B89662E3B00BFD2B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ScheduleOfDerivativeCreditRiskRelatedContingentFeaturesTableTextBlock" xlink:label="loc_pnw_ScheduleOfDerivativeCreditRiskRelatedContingentFeaturesTableTextBlock_40E7ABE0AD2650A4821537EF83883641" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_941697ACB5975188B9C689BCADD782DC" xlink:to="loc_pnw_ScheduleOfDerivativeCreditRiskRelatedContingentFeaturesTableTextBlock_40E7ABE0AD2650A4821537EF83883641" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/DocumentAndEntityInformation" xlink:type="extended">
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CoverAbstract" xlink:label="loc_dei_CoverAbstract_1E4F4A4CA45C03C5554630F9BF2BA931" xlink:type="locator"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntitiesTable" xlink:label="loc_dei_EntitiesTable_8FE86FC3EE630CF046D130F9BF2B5EC3" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_1E4F4A4CA45C03C5554630F9BF2BA931" xlink:to="loc_dei_EntitiesTable_8FE86FC3EE630CF046D130F9BF2B5EC3" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_3EA5BD5E9CE157E8FC9130F9BF2B7C22" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntitiesTable_8FE86FC3EE630CF046D130F9BF2B5EC3" xlink:to="loc_dei_LegalEntityAxis_3EA5BD5E9CE157E8FC9130F9BF2B7C22" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_1DB4A8635B3B2EDBC4F730F9BF2CA9C0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_3EA5BD5E9CE157E8FC9130F9BF2B7C22" xlink:to="loc_dei_EntityDomain_1DB4A8635B3B2EDBC4F730F9BF2CA9C0" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_75134070087B0B9B63BA30F9BF2CB146" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_1DB4A8635B3B2EDBC4F730F9BF2CA9C0" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_75134070087B0B9B63BA30F9BF2CB146" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityInformationLineItems" xlink:label="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntitiesTable_8FE86FC3EE630CF046D130F9BF2B5EC3" xlink:to="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityShellCompany" xlink:label="loc_dei_EntityShellCompany_2A171AC933FFF8395D6830F9BF2C33B3" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntityShellCompany_2A171AC933FFF8395D6830F9BF2C33B3" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_dei_EntityInteractiveDataCurrent_FB2FACAE59F9EE1CC98D30F9BF2D38FF" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntityInteractiveDataCurrent_FB2FACAE59F9EE1CC98D30F9BF2D38FF" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SecurityExchangeName" xlink:label="loc_dei_SecurityExchangeName_77B5AE50652DA79FD4B330F9BF2D81FA" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_SecurityExchangeName_77B5AE50652DA79FD4B330F9BF2D81FA" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol" xlink:label="loc_dei_TradingSymbol_735C2D51315FB52B253A30F9BF2D8973" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_TradingSymbol_735C2D51315FB52B253A30F9BF2D8973" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_Security12bTitle" xlink:label="loc_dei_Security12bTitle_BB01B027D272984C5B5D30F9BF2D02DC" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_Security12bTitle_BB01B027D272984C5B5D30F9BF2D02DC" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_dei_EntityTaxIdentificationNumber_614BC73C8BCC6CCDDC5430F9BF2DCD9E" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntityTaxIdentificationNumber_614BC73C8BCC6CCDDC5430F9BF2DCD9E" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_dei_EntityAddressAddressLine1_2088A61B82F82E74F09330F9BF2D44F2" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntityAddressAddressLine1_2088A61B82F82E74F09330F9BF2D44F2" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_dei_EntityAddressCityOrTown_513E71D6B5F284A16AB630F9BF2E7BF3" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntityAddressCityOrTown_513E71D6B5F284A16AB630F9BF2E7BF3" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_dei_EntityAddressStateOrProvince_031BFED127F4A95F0FD730F9BF2ECF35" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntityAddressStateOrProvince_031BFED127F4A95F0FD730F9BF2ECF35" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_dei_EntityAddressPostalZipCode_BD1E880B4FE834063BBA30F9BF2ECA53" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntityAddressPostalZipCode_BD1E880B4FE834063BBA30F9BF2ECA53" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode" xlink:label="loc_dei_CityAreaCode_F227FE1F5A7506B39B7A30F9BF2E692C" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_CityAreaCode_F227FE1F5A7506B39B7A30F9BF2E692C" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LocalPhoneNumber" xlink:label="loc_dei_LocalPhoneNumber_EE38486EDD35EFB069E230F9BF2EE9D5" xlink:type="locator"/>
<link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_LocalPhoneNumber_EE38486EDD35EFB069E230F9BF2EE9D5" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber" xlink:label="loc_dei_EntityFileNumber_60252E2118C14E6B3B4F30F9BF2F0B50" xlink:type="locator"/>
<link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntityFileNumber_60252E2118C14E6B3B4F30F9BF2F0B50" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentTransitionReport" xlink:label="loc_dei_DocumentTransitionReport_DC5B6BA1E3684FCC917E30F9BF2F6CF1" xlink:type="locator"/>
<link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_DocumentTransitionReport_DC5B6BA1E3684FCC917E30F9BF2F6CF1" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_dei_DocumentQuarterlyReport_1478C34A7BB89FF8F87D30F9BF2F9C0C" xlink:type="locator"/>
<link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_DocumentQuarterlyReport_1478C34A7BB89FF8F87D30F9BF2F9C0C" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_dei_EntityRegistrantName_E1A16726A951971AF28030F9BF2F2C12" xlink:type="locator"/>
<link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntityRegistrantName_E1A16726A951971AF28030F9BF2F2C12" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_dei_EntityCentralIndexKey_3315C34EB2C373C9AF5530F9BF2F83AC" xlink:type="locator"/>
<link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntityCentralIndexKey_3315C34EB2C373C9AF5530F9BF2F83AC" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType" xlink:label="loc_dei_DocumentType_6097D8257DE64800050D30F9BF2F73D4" xlink:type="locator"/>
<link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_DocumentType_6097D8257DE64800050D30F9BF2F73D4" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_dei_DocumentPeriodEndDate_D9237F41E92ABF5C62AD30F9BF30A7F8" xlink:type="locator"/>
<link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_DocumentPeriodEndDate_D9237F41E92ABF5C62AD30F9BF30A7F8" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_dei_AmendmentFlag_9188AABEF495FA05928D30F9BF3024A0" xlink:type="locator"/>
<link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_AmendmentFlag_9188AABEF495FA05928D30F9BF3024A0" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_dei_CurrentFiscalYearEndDate_C7FA3761F6F785075CD830F9BF30BCE1" xlink:type="locator"/>
<link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_CurrentFiscalYearEndDate_C7FA3761F6F785075CD830F9BF30BCE1" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_dei_EntityCurrentReportingStatus_F8030282AE9E4828059B30F9BF300387" xlink:type="locator"/>
<link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntityCurrentReportingStatus_F8030282AE9E4828059B30F9BF300387" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFilerCategory" xlink:label="loc_dei_EntityFilerCategory_7E7C35B60F1E273242B430F9BF30D780" xlink:type="locator"/>
<link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntityFilerCategory_7E7C35B60F1E273242B430F9BF30D780" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_dei_EntityEmergingGrowthCompany_CD5A4C02F53DE20D264730F9BF307382" xlink:type="locator"/>
<link:presentationArc order="24" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntityEmergingGrowthCompany_CD5A4C02F53DE20D264730F9BF307382" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntitySmallBusiness" xlink:label="loc_dei_EntitySmallBusiness_F188EA4A441F549711D630F9BF316E16" xlink:type="locator"/>
<link:presentationArc order="25" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntitySmallBusiness_F188EA4A441F549711D630F9BF316E16" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_80DD9D70CA7AFF2FF8B730F9BF31E4F0" xlink:type="locator"/>
<link:presentationArc order="26" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntityCommonStockSharesOutstanding_80DD9D70CA7AFF2FF8B730F9BF31E4F0" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_dei_DocumentFiscalYearFocus_04744B48877B77D07ED330F9BF3130AB" xlink:type="locator"/>
<link:presentationArc order="27" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_DocumentFiscalYearFocus_04744B48877B77D07ED330F9BF3130AB" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_dei_DocumentFiscalPeriodFocus_417CD1DF70188A00CB7130F9BF3193B9" xlink:type="locator"/>
<link:presentationArc order="28" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_DocumentFiscalPeriodFocus_417CD1DF70188A00CB7130F9BF3193B9" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_dei_EntityIncorporationStateCountryCode_BC5CAA647B515286EEC630F9BF312639" xlink:type="locator"/>
<link:presentationArc order="29" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_E1C82B501B6ABB817D5430F9BF2C2BFC" xlink:to="loc_dei_EntityIncorporationStateCountryCode_BC5CAA647B515286EEC630F9BF312639" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/EarningsPerShare" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_46F0B7FB55FC53F19AB192838E07C221" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="loc_us-gaap_EarningsPerShareTextBlock_ACE43E86648254AA96E1114ED60119D8" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_46F0B7FB55FC53F19AB192838E07C221" xlink:to="loc_us-gaap_EarningsPerShareTextBlock_ACE43E86648254AA96E1114ED60119D8" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/EarningsPerShareDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_B514774284AF5611B862E9632C2A0573" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_A49B58AA2D5D529D9CA371662F817810" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_B514774284AF5611B862E9632C2A0573" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_A49B58AA2D5D529D9CA371662F817810" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_2F137CB54FAF5A3191FCB8284447F418" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_B514774284AF5611B862E9632C2A0573" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_2F137CB54FAF5A3191FCB8284447F418" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_556AD08BE9D859FAA07028F20973B25F" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_B514774284AF5611B862E9632C2A0573" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_556AD08BE9D859FAA07028F20973B25F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesRestrictedStock" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesRestrictedStock_A4E4D3EC9DD659E68A7B0ABC3F798523" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_556AD08BE9D859FAA07028F20973B25F" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesRestrictedStock_A4E4D3EC9DD659E68A7B0ABC3F798523" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_36E8FBF679F455D7AC9C69464EE5C4EB" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_556AD08BE9D859FAA07028F20973B25F" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_36E8FBF679F455D7AC9C69464EE5C4EB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract_21CA798DA2B255419C27BF8040D347FF" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_B514774284AF5611B862E9632C2A0573" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract_21CA798DA2B255419C27BF8040D347FF" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaap_EarningsPerShareBasic_2132E38373705B91B7DB93E0FF86A5D4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract_21CA798DA2B255419C27BF8040D347FF" xlink:to="loc_us-gaap_EarningsPerShareBasic_2132E38373705B91B7DB93E0FF86A5D4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaap_EarningsPerShareDiluted_522639D5A6CC526C9F36A52D9E3864BB" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract_21CA798DA2B255419C27BF8040D347FF" xlink:to="loc_us-gaap_EarningsPerShareDiluted_522639D5A6CC526C9F36A52D9E3864BB" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/EarningsPerShareTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="loc_us-gaap_EarningsPerShareAbstract_A48C446B5C4D5E4286651B6B9B1E74C8" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_03148C64545451D69C60878DFA92DECB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_A48C446B5C4D5E4286651B6B9B1E74C8" xlink:to="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_03148C64545451D69C60878DFA92DECB" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/FairValueMeasurements" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_0C9FB4D9742D546BBFB89B94241F9A40" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="loc_us-gaap_FairValueDisclosuresTextBlock_B04E56067AE95BA0A1951E17C8CC09BA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_0C9FB4D9742D546BBFB89B94241F9A40" xlink:to="loc_us-gaap_FairValueDisclosuresTextBlock_B04E56067AE95BA0A1951E17C8CC09BA" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/FairValueMeasurementsAssetsAndLiabilitiesMeasuredOnRecurringBasisDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_00E4F996DB27FC64FB88CD0A969627B1" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_AADE2CAD6FD464EEB553CD0A9697BF2A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_00E4F996DB27FC64FB88CD0A969627B1" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_AADE2CAD6FD464EEB553CD0A9697BF2A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_6D82A883B7CA9DF6D292CD0A9697342D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_AADE2CAD6FD464EEB553CD0A9697BF2A" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_6D82A883B7CA9DF6D292CD0A9697342D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_FD0793737C4861E3BB6ECD0A96977837" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_6D82A883B7CA9DF6D292CD0A9697342D" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_FD0793737C4861E3BB6ECD0A96977837" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_E778907AA0D6EE5BF749CD0A9698FF3B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_FD0793737C4861E3BB6ECD0A96977837" xlink:to="loc_us-gaap_FairValueInputsLevel1Member_E778907AA0D6EE5BF749CD0A9698FF3B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_4CE2F50DA634925E1EF9CD0A9698152C" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_FD0793737C4861E3BB6ECD0A96977837" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_4CE2F50DA634925E1EF9CD0A9698152C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_D8C0A35FCB52DA625B83CD0A96982F25" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_FD0793737C4861E3BB6ECD0A96977837" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_D8C0A35FCB52DA625B83CD0A96982F25" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasuredAtNetAssetValuePerShareMember" xlink:label="loc_us-gaap_FairValueMeasuredAtNetAssetValuePerShareMember_4F6D7C2C9A1C5DE38C7BCD0A9699797F" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_FD0793737C4861E3BB6ECD0A96977837" xlink:to="loc_us-gaap_FairValueMeasuredAtNetAssetValuePerShareMember_4F6D7C2C9A1C5DE38C7BCD0A9699797F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="loc_us-gaap_FinancialInstrumentAxis_B01E7FD2356FAAE404B5CD0A96998397" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_AADE2CAD6FD464EEB553CD0A9697BF2A" xlink:to="loc_us-gaap_FinancialInstrumentAxis_B01E7FD2356FAAE404B5CD0A96998397" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4C27F0DBEA3CFC710A2DCD0A96991E55" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_B01E7FD2356FAAE404B5CD0A96998397" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4C27F0DBEA3CFC710A2DCD0A96991E55" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:label="loc_us-gaap_EquitySecuritiesMember_8F60C10EE3167FC6E15CCD0A96998F4D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4C27F0DBEA3CFC710A2DCD0A96991E55" xlink:to="loc_us-gaap_EquitySecuritiesMember_8F60C10EE3167FC6E15CCD0A96998F4D" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_USCommingledFundsMember" xlink:label="loc_pnw_USCommingledFundsMember_45F248BDCC7BC4FE233CCD0A969A1863" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4C27F0DBEA3CFC710A2DCD0A96991E55" xlink:to="loc_pnw_USCommingledFundsMember_45F248BDCC7BC4FE233CCD0A969A1863" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_USTreasurySecuritiesMember" xlink:label="loc_us-gaap_USTreasurySecuritiesMember_7656B46F65C78A8EAAEFCD0A969A8C29" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4C27F0DBEA3CFC710A2DCD0A96991E55" xlink:to="loc_us-gaap_USTreasurySecuritiesMember_7656B46F65C78A8EAAEFCD0A969A8C29" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CorporateDebtSecuritiesMember" xlink:label="loc_us-gaap_CorporateDebtSecuritiesMember_B31D3B2B2F993A67B1A4CD0A969A8B39" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4C27F0DBEA3CFC710A2DCD0A96991E55" xlink:to="loc_us-gaap_CorporateDebtSecuritiesMember_B31D3B2B2F993A67B1A4CD0A969A8B39" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MortgageBackedSecuritiesMember" xlink:label="loc_us-gaap_MortgageBackedSecuritiesMember_E7AA37397410157EB4E8CD0A969B5FA4" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4C27F0DBEA3CFC710A2DCD0A96991E55" xlink:to="loc_us-gaap_MortgageBackedSecuritiesMember_E7AA37397410157EB4E8CD0A969B5FA4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_USStatesAndPoliticalSubdivisionsMember" xlink:label="loc_us-gaap_USStatesAndPoliticalSubdivisionsMember_091BEC3D6E648A40F080CD0A969BE8B1" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4C27F0DBEA3CFC710A2DCD0A96991E55" xlink:to="loc_us-gaap_USStatesAndPoliticalSubdivisionsMember_091BEC3D6E648A40F080CD0A969BE8B1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherDebtSecuritiesMember" xlink:label="loc_us-gaap_OtherDebtSecuritiesMember_49D7B9102EFD4B7519DBCD0A969BFEC8" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_4C27F0DBEA3CFC710A2DCD0A96991E55" xlink:to="loc_us-gaap_OtherDebtSecuritiesMember_49D7B9102EFD4B7519DBCD0A969BFEC8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D99175DAE3E7B641B39CCD0A969B9B8F" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_AADE2CAD6FD464EEB553CD0A9697BF2A" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D99175DAE3E7B641B39CCD0A969B9B8F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsFairValueDisclosureAbstract" xlink:label="loc_us-gaap_AssetsFairValueDisclosureAbstract_9AA47D1CF415C496C0EFCD0A969B803F" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D99175DAE3E7B641B39CCD0A969B9B8F" xlink:to="loc_us-gaap_AssetsFairValueDisclosureAbstract_9AA47D1CF415C496C0EFCD0A969B803F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:label="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_65F2F78DB398E2A03C5FCD0A969CED79" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_9AA47D1CF415C496C0EFCD0A969B803F" xlink:to="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_65F2F78DB398E2A03C5FCD0A969CED79" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAsset" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeAsset_64A1757E2AAAF8C3FB17CD0A969C06B3" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_9AA47D1CF415C496C0EFCD0A969B803F" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeAsset_64A1757E2AAAF8C3FB17CD0A969C06B3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssetFairValueGrossLiability" xlink:label="loc_us-gaap_DerivativeAssetFairValueGrossLiability_A750D4925F127C2AB254CD0A969D0B6B" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_9AA47D1CF415C496C0EFCD0A969B803F" xlink:to="loc_us-gaap_DerivativeAssetFairValueGrossLiability_A750D4925F127C2AB254CD0A969D0B6B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DecommissioningTrustAssetsAmount" xlink:label="loc_us-gaap_DecommissioningTrustAssetsAmount_5490A51984680A788EEACD0A969D2E18" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_9AA47D1CF415C496C0EFCD0A969B803F" xlink:to="loc_us-gaap_DecommissioningTrustAssetsAmount_5490A51984680A788EEACD0A969D2E18" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DecommissioningFundInvestmentsFairValueNetPendingSecuritiesSalesandPurchases" xlink:label="loc_pnw_DecommissioningFundInvestmentsFairValueNetPendingSecuritiesSalesandPurchases_C9E6F111A4790965211BCD0A969D863D" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_9AA47D1CF415C496C0EFCD0A969B803F" xlink:to="loc_pnw_DecommissioningFundInvestmentsFairValueNetPendingSecuritiesSalesandPurchases_C9E6F111A4790965211BCD0A969D863D" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SpecialUseFundInvestmentsOtherGrossFairValue" xlink:label="loc_pnw_SpecialUseFundInvestmentsOtherGrossFairValue_79C7A2571F2815C50CC1CD0A969D9992" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_9AA47D1CF415C496C0EFCD0A969B803F" xlink:to="loc_pnw_SpecialUseFundInvestmentsOtherGrossFairValue_79C7A2571F2815C50CC1CD0A969D9992" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SpecialUseFundInvestmentsOtherNetFairValuePendingSalesandPurchases" xlink:label="loc_pnw_SpecialUseFundInvestmentsOtherNetFairValuePendingSalesandPurchases_98379114FA0A268DDF32CD0A969DFC7B" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_9AA47D1CF415C496C0EFCD0A969B803F" xlink:to="loc_pnw_SpecialUseFundInvestmentsOtherNetFairValuePendingSalesandPurchases_98379114FA0A268DDF32CD0A969DFC7B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsFairValueDisclosure" xlink:label="loc_us-gaap_AssetsFairValueDisclosure_9BC5056FF68AE22C5867CD0A969EBF05" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_9AA47D1CF415C496C0EFCD0A969B803F" xlink:to="loc_us-gaap_AssetsFairValueDisclosure_9BC5056FF68AE22C5867CD0A969EBF05" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AssetsFairValueGrossLiabilityandNetPendingSecuritiesSalesandPurchases" xlink:label="loc_pnw_AssetsFairValueGrossLiabilityandNetPendingSecuritiesSalesandPurchases_5A8D7D130F26C37795C9CD0A969EE509" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_9AA47D1CF415C496C0EFCD0A969B803F" xlink:to="loc_pnw_AssetsFairValueGrossLiabilityandNetPendingSecuritiesSalesandPurchases_5A8D7D130F26C37795C9CD0A969EE509" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureAbstract" xlink:label="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_075F7FA6BD75F1022588CD0A969EB5A5" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D99175DAE3E7B641B39CCD0A969B9B8F" xlink:to="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_075F7FA6BD75F1022588CD0A969EB5A5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiability" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeLiability_B5601D6AE3F2EFFEC3C5CD0A969EC032" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_075F7FA6BD75F1022588CD0A969EB5A5" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeLiability_B5601D6AE3F2EFFEC3C5CD0A969EC032" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilityFairValueGrossAsset" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueGrossAsset_9A9F31A7929D40EBDC5ECD0A969F8B49" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_075F7FA6BD75F1022588CD0A969EB5A5" xlink:to="loc_us-gaap_DerivativeLiabilityFairValueGrossAsset_9A9F31A7929D40EBDC5ECD0A969F8B49" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_0D576B09C38B251E1372CD0A969F1A1C" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_075F7FA6BD75F1022588CD0A969EB5A5" xlink:to="loc_us-gaap_DerivativeLiabilities_0D576B09C38B251E1372CD0A969F1A1C" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/FairValueMeasurementsFinancialInstrumentsNotCarriedAtFairValueDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_BC799CE65FF85FD8BDF86F977E02B185" xlink:type="locator"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_StatedInterestRateforNotesReceivable" xlink:label="loc_pnw_StatedInterestRateforNotesReceivable_07A2CF70D80451EDA3EFAC75B17FFEEA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_BC799CE65FF85FD8BDF86F977E02B185" xlink:to="loc_pnw_StatedInterestRateforNotesReceivable_07A2CF70D80451EDA3EFAC75B17FFEEA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NotesReceivableNet" xlink:label="loc_us-gaap_NotesReceivableNet_33BB991194D55670BD7F4D3CE6EB5CD1" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_BC799CE65FF85FD8BDF86F977E02B185" xlink:to="loc_us-gaap_NotesReceivableNet_33BB991194D55670BD7F4D3CE6EB5CD1" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/FairValueMeasurementsTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_65B8F62E7ACEC5C30DBE7F33CB041A39" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_17ACB4E2D909F2A3815D7F33CB044809" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_65B8F62E7ACEC5C30DBE7F33CB041A39" xlink:to="loc_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_17ACB4E2D909F2A3815D7F33CB044809" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/IncomeTaxes" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_D52CE49661B7525DABED03BFC766005C" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="loc_us-gaap_IncomeTaxDisclosureTextBlock_2B53352CA5D85684823F551D6399D473" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_D52CE49661B7525DABED03BFC766005C" xlink:to="loc_us-gaap_IncomeTaxDisclosureTextBlock_2B53352CA5D85684823F551D6399D473" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/IncomeTaxesDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_793C70350D9FB27DA902E20E5B4995C2" xlink:type="locator"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_IncomeTaxTable" xlink:label="loc_pnw_IncomeTaxTable_32A7D3C586A713B54AF9E20E5B4907BA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxDisclosureAbstract_793C70350D9FB27DA902E20E5B4995C2" xlink:to="loc_pnw_IncomeTaxTable_32A7D3C586A713B54AF9E20E5B4907BA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxAuthorityAxis" xlink:label="loc_us-gaap_IncomeTaxAuthorityAxis_A27B6772B58B20A2F9C7E20E5B493A2A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_IncomeTaxTable_32A7D3C586A713B54AF9E20E5B4907BA" xlink:to="loc_us-gaap_IncomeTaxAuthorityAxis_A27B6772B58B20A2F9C7E20E5B493A2A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxAuthorityDomain" xlink:label="loc_us-gaap_IncomeTaxAuthorityDomain_6AB3219DCDC0EEAF3FA1E20E5B498349" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxAuthorityAxis_A27B6772B58B20A2F9C7E20E5B493A2A" xlink:to="loc_us-gaap_IncomeTaxAuthorityDomain_6AB3219DCDC0EEAF3FA1E20E5B498349" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DomesticCountryMember" xlink:label="loc_us-gaap_DomesticCountryMember_EB320F7A49B459D3F7B1E20E5B4A95F4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeTaxAuthorityDomain_6AB3219DCDC0EEAF3FA1E20E5B498349" xlink:to="loc_us-gaap_DomesticCountryMember_EB320F7A49B459D3F7B1E20E5B4A95F4" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_IncomeTaxLineItems" xlink:label="loc_pnw_IncomeTaxLineItems_226E706660EA1B5C4E32E20E5B4A3178" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_IncomeTaxTable_32A7D3C586A713B54AF9E20E5B4907BA" xlink:to="loc_pnw_IncomeTaxLineItems_226E706660EA1B5C4E32E20E5B4A3178" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxLiabilityExistingIncomeTaxBenefit" xlink:label="loc_us-gaap_TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxLiabilityExistingIncomeTaxBenefit_68C118F58B6213C23127E20E5B4A91CC" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_IncomeTaxLineItems_226E706660EA1B5C4E32E20E5B4A3178" xlink:to="loc_us-gaap_TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxLiabilityExistingIncomeTaxBenefit_68C118F58B6213C23127E20E5B4A91CC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxReconciliationDeductionsOther" xlink:label="loc_us-gaap_IncomeTaxReconciliationDeductionsOther_1371449768249A70B20FE20E5B4A74EC" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_IncomeTaxLineItems_226E706660EA1B5C4E32E20E5B4A3178" xlink:to="loc_us-gaap_IncomeTaxReconciliationDeductionsOther_1371449768249A70B20FE20E5B4A74EC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryLiabilityAmortizationPeriod" xlink:label="loc_us-gaap_RegulatoryLiabilityAmortizationPeriod_E4AD69FCE83689C22B98E20E5B4A7880" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_IncomeTaxLineItems_226E706660EA1B5C4E32E20E5B4A3178" xlink:to="loc_us-gaap_RegulatoryLiabilityAmortizationPeriod_E4AD69FCE83689C22B98E20E5B4A7880" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/InvestmentsInNuclearDecommissioningTrustsAndOtherSpecialUseFunds" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_111086DD88F759FF9806226F0A618E0A" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock" xlink:label="loc_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_3418C4E5BAEB57C991245E7F106F94AB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_111086DD88F759FF9806226F0A618E0A" xlink:to="loc_us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock_3418C4E5BAEB57C991245E7F106F94AB" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/InvestmentsInNuclearDecommissioningTrustsAndOtherSpecialUseFundsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_11A98520EB48E7D8533784F0BCB68655" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesTable" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_518AB8C6037036CD5ABD84F0BCB6F928" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_11A98520EB48E7D8533784F0BCB68655" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_518AB8C6037036CD5ABD84F0BCB6F928" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentTypeAxis" xlink:label="loc_us-gaap_InvestmentTypeAxis_5BA33CDC459A6DA87F8D84F0BCB6A449" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_518AB8C6037036CD5ABD84F0BCB6F928" xlink:to="loc_us-gaap_InvestmentTypeAxis_5BA33CDC459A6DA87F8D84F0BCB6A449" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:label="loc_us-gaap_InvestmentTypeCategorizationMember_CE44D1182522DB21FF1784F0BCB66936" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeAxis_5BA33CDC459A6DA87F8D84F0BCB6A449" xlink:to="loc_us-gaap_InvestmentTypeCategorizationMember_CE44D1182522DB21FF1784F0BCB66936" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_NuclearDecommissioningTrustsMember" xlink:label="loc_pnw_NuclearDecommissioningTrustsMember_29F724EF84A5D685812684F0BCB6ABBF" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_CE44D1182522DB21FF1784F0BCB66936" xlink:to="loc_pnw_NuclearDecommissioningTrustsMember_29F724EF84A5D685812684F0BCB6ABBF" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_OtherSpecialUseFundsMember" xlink:label="loc_pnw_OtherSpecialUseFundsMember_75C37F0963A132635F9E84F0BCB63934" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_CE44D1182522DB21FF1784F0BCB66936" xlink:to="loc_pnw_OtherSpecialUseFundsMember_75C37F0963A132635F9E84F0BCB63934" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_CoalReclamationEscrowAccountsMember" xlink:label="loc_pnw_CoalReclamationEscrowAccountsMember_B28C0994CC25E8F057D984F0BCB6CE85" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_CE44D1182522DB21FF1784F0BCB66936" xlink:to="loc_pnw_CoalReclamationEscrowAccountsMember_B28C0994CC25E8F057D984F0BCB6CE85" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ActiveUnionMedicalTrustMember" xlink:label="loc_pnw_ActiveUnionMedicalTrustMember_398588559F4AE404FF9184F0BCB6124D" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentTypeCategorizationMember_CE44D1182522DB21FF1784F0BCB66936" xlink:to="loc_pnw_ActiveUnionMedicalTrustMember_398588559F4AE404FF9184F0BCB6124D" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_FFF23B26CF381440DB2C84F0BCB6F691" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_518AB8C6037036CD5ABD84F0BCB6F928" xlink:to="loc_dei_LegalEntityAxis_FFF23B26CF381440DB2C84F0BCB6F691" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_DAB577AEC23A7A2065E184F0BCB67A02" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_FFF23B26CF381440DB2C84F0BCB6F691" xlink:to="loc_dei_EntityDomain_DAB577AEC23A7A2065E184F0BCB67A02" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_253F89ECCE7146DDB66484F0BCB6A383" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_DAB577AEC23A7A2065E184F0BCB67A02" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_253F89ECCE7146DDB66484F0BCB6A383" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="loc_us-gaap_FinancialInstrumentAxis_1D77AF8214028921E7CF84F0BCB64611" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_518AB8C6037036CD5ABD84F0BCB6F928" xlink:to="loc_us-gaap_FinancialInstrumentAxis_1D77AF8214028921E7CF84F0BCB64611" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_231659AD368FD4381C7284F0BCB66A46" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentAxis_1D77AF8214028921E7CF84F0BCB64611" xlink:to="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_231659AD368FD4381C7284F0BCB66A46" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:label="loc_us-gaap_EquitySecuritiesMember_3E7FA86D6CBAFE34A0EF84F0BCB62C14" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_231659AD368FD4381C7284F0BCB66A46" xlink:to="loc_us-gaap_EquitySecuritiesMember_3E7FA86D6CBAFE34A0EF84F0BCB62C14" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FixedIncomeSecuritiesMember" xlink:label="loc_us-gaap_FixedIncomeSecuritiesMember_CF2A448CB900B09024FF84F0BCB6F272" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_231659AD368FD4381C7284F0BCB66A46" xlink:to="loc_us-gaap_FixedIncomeSecuritiesMember_CF2A448CB900B09024FF84F0BCB6F272" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_OtherReceivablesfromBrokerDealersandClearingMember" xlink:label="loc_pnw_OtherReceivablesfromBrokerDealersandClearingMember_D656AAF04DF685924DA384F0BCB680C6" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_231659AD368FD4381C7284F0BCB66A46" xlink:to="loc_pnw_OtherReceivablesfromBrokerDealersandClearingMember_D656AAF04DF685924DA384F0BCB680C6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems" xlink:label="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_EC77FE5DCBF54F5B20C184F0BCB65BF2" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesTable_518AB8C6037036CD5ABD84F0BCB6F928" xlink:to="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_EC77FE5DCBF54F5B20C184F0BCB65BF2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesEquitySecurities" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesEquitySecurities_F59081983FF90B9030D184F0BCB6BBDD" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_EC77FE5DCBF54F5B20C184F0BCB65BF2" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesEquitySecurities_F59081983FF90B9030D184F0BCB6BBDD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:label="loc_us-gaap_AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax_AE751A47265F1B8EB31684F0BCB65C9E" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_EC77FE5DCBF54F5B20C184F0BCB65BF2" xlink:to="loc_us-gaap_AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax_AE751A47265F1B8EB31684F0BCB65C9E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:label="loc_us-gaap_AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax_A0310DD36ECD2BFF2AA384F0BCB67D06" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_EC77FE5DCBF54F5B20C184F0BCB65BF2" xlink:to="loc_us-gaap_AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax_A0310DD36ECD2BFF2AA384F0BCB67D06" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtSecurities" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_0B6E6AC40E378A4B0B7F84F0BCB6CFC2" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_EC77FE5DCBF54F5B20C184F0BCB65BF2" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtSecurities_0B6E6AC40E378A4B0B7F84F0BCB6CFC2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_8A3CB485E47E89213DFF84F0BCB68E68" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_EC77FE5DCBF54F5B20C184F0BCB65BF2" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_8A3CB485E47E89213DFF84F0BCB68E68" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_9C9FE5A50B6DC1FFC4C884F0BCB65C09" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_EC77FE5DCBF54F5B20C184F0BCB65BF2" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_9C9FE5A50B6DC1FFC4C884F0BCB65C09" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecurities" xlink:label="loc_us-gaap_AvailableForSaleSecurities_9FE2CE42FAE46736798884F0BCB685DB" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_EC77FE5DCBF54F5B20C184F0BCB65BF2" xlink:to="loc_us-gaap_AvailableForSaleSecurities_9FE2CE42FAE46736798884F0BCB685DB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_F899BFFD514103E8D31884F0BCB6462D" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_EC77FE5DCBF54F5B20C184F0BCB65BF2" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax_F899BFFD514103E8D31884F0BCB6462D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_98A16F7B964FE1D2CF5484F0BCB639F7" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_EC77FE5DCBF54F5B20C184F0BCB65BF2" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax_98A16F7B964FE1D2CF5484F0BCB639F7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis" xlink:label="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_B0D906A9348BC725EF2C84F0BCB6C592" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_EC77FE5DCBF54F5B20C184F0BCB65BF2" xlink:to="loc_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_B0D906A9348BC725EF2C84F0BCB6C592" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract_9BE3641C78013E869FDC84F0BCB669D1" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_EC77FE5DCBF54F5B20C184F0BCB65BF2" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract_9BE3641C78013E869FDC84F0BCB669D1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedGains" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_B05AE13AD720F085E11F84F0BCB6449A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract_9BE3641C78013E869FDC84F0BCB669D1" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedGains_B05AE13AD720F085E11F84F0BCB6449A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_F7CB2084F1CD92456A1984F0BCB620B7" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract_9BE3641C78013E869FDC84F0BCB669D1" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses_F7CB2084F1CD92456A1984F0BCB620B7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities" xlink:label="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_754E939A3A3BE7A0FA8E84F0BCB616EE" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossAbstract_9BE3641C78013E869FDC84F0BCB669D1" xlink:to="loc_us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities_754E939A3A3BE7A0FA8E84F0BCB616EE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_7AB3901B4B1DB7F94BD384F0BCB6958D" xlink:type="locator"/>
<link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_EC77FE5DCBF54F5B20C184F0BCB65BF2" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_7AB3901B4B1DB7F94BD384F0BCB6958D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_34842A4F58FC9859F0CC84F0BCB6F004" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_7AB3901B4B1DB7F94BD384F0BCB6958D" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue_34842A4F58FC9859F0CC84F0BCB6F004" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_F6C7F5EC776797F77C7084F0BCB6DAF6" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_7AB3901B4B1DB7F94BD384F0BCB6958D" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_F6C7F5EC776797F77C7084F0BCB6DAF6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_59EBFC84E9FDC00D170384F0BCB6AF62" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_7AB3901B4B1DB7F94BD384F0BCB6958D" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_59EBFC84E9FDC00D170384F0BCB6AF62" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue_7433714AF8FE16FFA78084F0BCB6987F" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_7AB3901B4B1DB7F94BD384F0BCB6958D" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue_7433714AF8FE16FFA78084F0BCB6987F" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DecommissioningandOtherSpecialUseFundInvestmentsFairValue" xlink:label="loc_pnw_DecommissioningandOtherSpecialUseFundInvestmentsFairValue_4244C0E6D53C98A9A5B484F0BCB634D7" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesFairValueAbstract_7AB3901B4B1DB7F94BD384F0BCB6958D" xlink:to="loc_pnw_DecommissioningandOtherSpecialUseFundInvestmentsFairValue_4244C0E6D53C98A9A5B484F0BCB634D7" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/InvestmentsInNuclearDecommissioningTrustsAndOtherSpecialUseFundsTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract" xlink:label="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_60DA49F594185E7D8EAF1FBE976C020F" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesTextBlock" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesTextBlock_DD7C4679DDE9580CA5D88393D92C3747" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_60DA49F594185E7D8EAF1FBE976C020F" xlink:to="loc_us-gaap_AvailableForSaleSecuritiesTextBlock_DD7C4679DDE9580CA5D88393D92C3747" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfRealizedGainLossTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfRealizedGainLossTableTextBlock_5608A48B5D5D5B17B35DDED831BBE5EA" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_60DA49F594185E7D8EAF1FBE976C020F" xlink:to="loc_us-gaap_ScheduleOfRealizedGainLossTableTextBlock_5608A48B5D5D5B17B35DDED831BBE5EA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock" xlink:label="loc_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_2A0E8DAE596A5066B8D0A5C3F5AEFE8C" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract_60DA49F594185E7D8EAF1FBE976C020F" xlink:to="loc_us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock_2A0E8DAE596A5066B8D0A5C3F5AEFE8C" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/LongTermDebtAndLiquidityMatters" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="loc_us-gaap_DebtDisclosureAbstract_9C59DBF598795BBA9F246F812F530ADB" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtTextBlock" xlink:label="loc_us-gaap_LongTermDebtTextBlock_012CF69C51365181A7E6AADE4FC1A47A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_9C59DBF598795BBA9F246F812F530ADB" xlink:to="loc_us-gaap_LongTermDebtTextBlock_012CF69C51365181A7E6AADE4FC1A47A" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/LongTermDebtAndLiquidityMattersEstimatedFairValueOfLongTermDebtDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="loc_us-gaap_DebtDisclosureAbstract_35755A79777550AFAE596E8D12A0198E" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="loc_us-gaap_DebtInstrumentTable_F8EEC8D859545D269A5AFC9ADFF04753" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_35755A79777550AFAE596E8D12A0198E" xlink:to="loc_us-gaap_DebtInstrumentTable_F8EEC8D859545D269A5AFC9ADFF04753" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_D0BF977B4FD3582794F7E293A216EF36" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_F8EEC8D859545D269A5AFC9ADFF04753" xlink:to="loc_dei_LegalEntityAxis_D0BF977B4FD3582794F7E293A216EF36" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_A0B97B2948A759B59B9553256357417E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_D0BF977B4FD3582794F7E293A216EF36" xlink:to="loc_dei_EntityDomain_A0B97B2948A759B59B9553256357417E" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_3F17D7C5E66C50BB8116068F359DFE36" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_A0B97B2948A759B59B9553256357417E" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_3F17D7C5E66C50BB8116068F359DFE36" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesAxis" xlink:label="loc_srt_ConsolidatedEntitiesAxis_D948EC58247F5B5E9C268FF72CC56793" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_F8EEC8D859545D269A5AFC9ADFF04753" xlink:to="loc_srt_ConsolidatedEntitiesAxis_D948EC58247F5B5E9C268FF72CC56793" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesDomain" xlink:label="loc_srt_ConsolidatedEntitiesDomain_3FDD5219D97557638ECA4DF7810C9540" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_D948EC58247F5B5E9C268FF72CC56793" xlink:to="loc_srt_ConsolidatedEntitiesDomain_3FDD5219D97557638ECA4DF7810C9540" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ParentCompanyMember" xlink:label="loc_srt_ParentCompanyMember_6C8944A34BF55F8DA734EAF2B9DC261B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_3FDD5219D97557638ECA4DF7810C9540" xlink:to="loc_srt_ParentCompanyMember_6C8944A34BF55F8DA734EAF2B9DC261B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="loc_us-gaap_DebtInstrumentLineItems_9FF3E8B3F8635523A63DA03C6E532FC4" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_F8EEC8D859545D269A5AFC9ADFF04753" xlink:to="loc_us-gaap_DebtInstrumentLineItems_9FF3E8B3F8635523A63DA03C6E532FC4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentsAbstract" xlink:label="loc_us-gaap_DebtInstrumentsAbstract_AB391586572C5BE1A5E21C88CA83A053" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_9FF3E8B3F8635523A63DA03C6E532FC4" xlink:to="loc_us-gaap_DebtInstrumentsAbstract_AB391586572C5BE1A5E21C88CA83A053" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtAndCapitalLeaseObligations" xlink:label="loc_us-gaap_DebtAndCapitalLeaseObligations_105046719BDC58088BC8233330F75030" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentsAbstract_AB391586572C5BE1A5E21C88CA83A053" xlink:to="loc_us-gaap_DebtAndCapitalLeaseObligations_105046719BDC58088BC8233330F75030" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="loc_us-gaap_LongTermDebtFairValue_CEEA7322778C5DCC974CF64F3D1EE95A" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentsAbstract_AB391586572C5BE1A5E21C88CA83A053" xlink:to="loc_us-gaap_LongTermDebtFairValue_CEEA7322778C5DCC974CF64F3D1EE95A" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/LongTermDebtAndLiquidityMattersNarrativeDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="loc_us-gaap_DebtDisclosureAbstract_F32E731637FFEE8CF54BA3C5E4BA4AF5" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="loc_us-gaap_DebtInstrumentTable_6B4A5D91A184E3BB1C3DA3C5E4BAE174" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_F32E731637FFEE8CF54BA3C5E4BA4AF5" xlink:to="loc_us-gaap_DebtInstrumentTable_6B4A5D91A184E3BB1C3DA3C5E4BAE174" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_B00C36516740847FF3F9A3C9F41B322D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_6B4A5D91A184E3BB1C3DA3C5E4BAE174" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_B00C36516740847FF3F9A3C9F41B322D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_A1B5149C56EBD93B00BFA3C9F41EB55B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_B00C36516740847FF3F9A3C9F41B322D" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_A1B5149C56EBD93B00BFA3C9F41EB55B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_C88420831419065C9D1BA3CA41D9E598" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_A1B5149C56EBD93B00BFA3C9F41EB55B" xlink:to="loc_us-gaap_SubsequentEventMember_C88420831419065C9D1BA3CA41D9E598" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeAxis" xlink:label="loc_srt_RangeAxis_6E85D5FCF3A04CEEC5C9A3C5E4BACE85" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_6B4A5D91A184E3BB1C3DA3C5E4BAE174" xlink:to="loc_srt_RangeAxis_6E85D5FCF3A04CEEC5C9A3C5E4BACE85" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeMember" xlink:label="loc_srt_RangeMember_ED83CF1F4A6A22F1459AA3C5E4BB30DA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_6E85D5FCF3A04CEEC5C9A3C5E4BACE85" xlink:to="loc_srt_RangeMember_ED83CF1F4A6A22F1459AA3C5E4BB30DA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MinimumMember" xlink:label="loc_srt_MinimumMember_2A69BFF383C56BE8B37FA3C5E4BB8E68" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_ED83CF1F4A6A22F1459AA3C5E4BB30DA" xlink:to="loc_srt_MinimumMember_2A69BFF383C56BE8B37FA3C5E4BB8E68" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_59FCA234C447E5928915A3C5E4BBDD12" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_6B4A5D91A184E3BB1C3DA3C5E4BAE174" xlink:to="loc_dei_LegalEntityAxis_59FCA234C447E5928915A3C5E4BBDD12" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_535A3F2F007DD8ED0138A3C5E4BB98FC" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_59FCA234C447E5928915A3C5E4BBDD12" xlink:to="loc_dei_EntityDomain_535A3F2F007DD8ED0138A3C5E4BB98FC" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_F686D552DFD682257522A3C5E4BC38D3" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_535A3F2F007DD8ED0138A3C5E4BB98FC" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_F686D552DFD682257522A3C5E4BC38D3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesAxis" xlink:label="loc_srt_ConsolidatedEntitiesAxis_55170446D85E0A096072A3C5E4BCA7D8" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_6B4A5D91A184E3BB1C3DA3C5E4BAE174" xlink:to="loc_srt_ConsolidatedEntitiesAxis_55170446D85E0A096072A3C5E4BCA7D8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesDomain" xlink:label="loc_srt_ConsolidatedEntitiesDomain_94617DA23A063D6F2BAEA3C5E4BC4807" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_55170446D85E0A096072A3C5E4BCA7D8" xlink:to="loc_srt_ConsolidatedEntitiesDomain_94617DA23A063D6F2BAEA3C5E4BC4807" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ParentCompanyMember" xlink:label="loc_srt_ParentCompanyMember_94D6715EB642FBB68928A3C5E4BCE47F" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_94617DA23A063D6F2BAEA3C5E4BC4807" xlink:to="loc_srt_ParentCompanyMember_94D6715EB642FBB68928A3C5E4BCE47F" xlink:type="arc"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_94617DA23A063D6F2BAEA3C5E4BC4807" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_F686D552DFD682257522A3C5E4BC38D3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="loc_us-gaap_CreditFacilityAxis_61A9241F5D8C3D908F9CA3C5E4BD60DC" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_6B4A5D91A184E3BB1C3DA3C5E4BAE174" xlink:to="loc_us-gaap_CreditFacilityAxis_61A9241F5D8C3D908F9CA3C5E4BD60DC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_A5518AC7388F40A037FFA3C5E4BDB3D0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityAxis_61A9241F5D8C3D908F9CA3C5E4BD60DC" xlink:to="loc_us-gaap_CreditFacilityDomain_A5518AC7388F40A037FFA3C5E4BDB3D0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:label="loc_us-gaap_RevolvingCreditFacilityMember_715E8FCFCC7B58B5D536A3C5E4BD1059" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_A5518AC7388F40A037FFA3C5E4BDB3D0" xlink:to="loc_us-gaap_RevolvingCreditFacilityMember_715E8FCFCC7B58B5D536A3C5E4BD1059" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LetterOfCreditMember" xlink:label="loc_us-gaap_LetterOfCreditMember_1EB083CC84AD7B4480ACA3C5E4BE2C75" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_A5518AC7388F40A037FFA3C5E4BDB3D0" xlink:to="loc_us-gaap_LetterOfCreditMember_1EB083CC84AD7B4480ACA3C5E4BE2C75" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommercialPaperMember" xlink:label="loc_us-gaap_CommercialPaperMember_B821CDE5FBAF159871DEA3C5E4BEA0DB" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_A5518AC7388F40A037FFA3C5E4BDB3D0" xlink:to="loc_us-gaap_CommercialPaperMember_B821CDE5FBAF159871DEA3C5E4BEA0DB" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_TermLoanMember" xlink:label="loc_pnw_TermLoanMember_8C0D8E8FF6F53A2B1CF0A3C5E4BECDB2" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_A5518AC7388F40A037FFA3C5E4BDB3D0" xlink:to="loc_pnw_TermLoanMember_8C0D8E8FF6F53A2B1CF0A3C5E4BECDB2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_F322310C09EF19BFCD04A3C5E4BE2FB4" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_6B4A5D91A184E3BB1C3DA3C5E4BAE174" xlink:to="loc_us-gaap_DebtInstrumentAxis_F322310C09EF19BFCD04A3C5E4BE2FB4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_086F422BBC0DFD53EC66A3C5E4BECA10" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_F322310C09EF19BFCD04A3C5E4BE2FB4" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_086F422BBC0DFD53EC66A3C5E4BECA10" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RevolvingCreditFacilityMaturingJuly2023Member" xlink:label="loc_pnw_RevolvingCreditFacilityMaturingJuly2023Member_2DA4F6776FA74BA3C843A3C5E4BEB28B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_086F422BBC0DFD53EC66A3C5E4BECA10" xlink:to="loc_pnw_RevolvingCreditFacilityMaturingJuly2023Member_2DA4F6776FA74BA3C843A3C5E4BEB28B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SeniorUnsecuredNotesMember" xlink:label="loc_pnw_SeniorUnsecuredNotesMember_8291123E049596872B96A3C5E4BF824D" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_086F422BBC0DFD53EC66A3C5E4BECA10" xlink:to="loc_pnw_SeniorUnsecuredNotesMember_8291123E049596872B96A3C5E4BF824D" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RevolvingCreditFacilityMaturingin2022and2023Member" xlink:label="loc_pnw_RevolvingCreditFacilityMaturingin2022and2023Member_FB9ADFBD586629011897A3C5E4BF03B7" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_086F422BBC0DFD53EC66A3C5E4BECA10" xlink:to="loc_pnw_RevolvingCreditFacilityMaturingin2022and2023Member_FB9ADFBD586629011897A3C5E4BF03B7" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RevolvingCreditFacilityMaturingJune2022Member" xlink:label="loc_pnw_RevolvingCreditFacilityMaturingJune2022Member_FF5BC66C0C301A449F4CA3C5E4BF817D" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_086F422BBC0DFD53EC66A3C5E4BECA10" xlink:to="loc_pnw_RevolvingCreditFacilityMaturingJune2022Member_FF5BC66C0C301A449F4CA3C5E4BF817D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_EF1A8D3204ED8C640766A3C5E4BFC657" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_6B4A5D91A184E3BB1C3DA3C5E4BAE174" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_EF1A8D3204ED8C640766A3C5E4BFC657" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_5E1AF14708050F845AB7A3C5E4BF0371" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_EF1A8D3204ED8C640766A3C5E4BFC657" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_5E1AF14708050F845AB7A3C5E4BF0371" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeniorNotesMember" xlink:label="loc_us-gaap_SeniorNotesMember_2AD1E37B8578D1727DE2A3C5E4C03DCD" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_5E1AF14708050F845AB7A3C5E4BF0371" xlink:to="loc_us-gaap_SeniorNotesMember_2AD1E37B8578D1727DE2A3C5E4C03DCD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_6B4A5D91A184E3BB1C3DA3C5E4BAE174" xlink:to="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_03BBBCD38A6D43B95A4BA3C5E4C064EE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_03BBBCD38A6D43B95A4BA3C5E4C064EE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCredit" xlink:label="loc_us-gaap_LineOfCredit_A6B4C3470A250965AE5AA3C5E4C077F3" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:to="loc_us-gaap_LineOfCredit_A6B4C3470A250965AE5AA3C5E4C077F3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_C676C382C850591BD8F5A3C5E4C1AB04" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:to="loc_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_C676C382C850591BD8F5A3C5E4C1AB04" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="loc_us-gaap_LettersOfCreditOutstandingAmount_1E65B1A815803D8FED4AA3C5E4C194E7" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:to="loc_us-gaap_LettersOfCreditOutstandingAmount_1E65B1A815803D8FED4AA3C5E4C194E7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommercialPaper" xlink:label="loc_us-gaap_CommercialPaper_4393F34F8037C05CDC14A3C5E4C1607D" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:to="loc_us-gaap_CommercialPaper_4393F34F8037C05CDC14A3C5E4C1607D" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegulatoryMattersLongtermDebtPercentageOfCapitalization" xlink:label="loc_pnw_RegulatoryMattersLongtermDebtPercentageOfCapitalization_2888E8DD262062261A40A3CCB6A39973" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:to="loc_pnw_RegulatoryMattersLongtermDebtPercentageOfCapitalization_2888E8DD262062261A40A3CCB6A39973" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityCapacityAvailableForTradePurchases" xlink:label="loc_us-gaap_LineOfCreditFacilityCapacityAvailableForTradePurchases_1028D82AABC1DBC10084A3D1D1329063" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:to="loc_us-gaap_LineOfCreditFacilityCapacityAvailableForTradePurchases_1028D82AABC1DBC10084A3D1D1329063" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_63B580239433D8CC8D79A3C5E4C1F8AC" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_63B580239433D8CC8D79A3C5E4C1F8AC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_6BC24E704CA46AB64933A3C5E4C135C2" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:to="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_6BC24E704CA46AB64933A3C5E4C135C2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_2C8EC84244EF45D948E5A3C5E4C13C7C" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_2C8EC84244EF45D948E5A3C5E4C13C7C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ExtinguishmentOfDebtAmount" xlink:label="loc_us-gaap_ExtinguishmentOfDebtAmount_55CA31AEB460D917A709A3C5E4C2DEEA" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:to="loc_us-gaap_ExtinguishmentOfDebtAmount_55CA31AEB460D917A709A3C5E4C2DEEA" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_LineOfCreditFacilityNumberOfAgreements" xlink:label="loc_pnw_LineOfCreditFacilityNumberOfAgreements_1E4E266055AFC159B3E5A3C5E4C2E999" xlink:type="locator"/>
<link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:to="loc_pnw_LineOfCreditFacilityNumberOfAgreements_1E4E266055AFC159B3E5A3C5E4C2E999" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_LineOfCreditFacilityCommercialPaperProgramMaximumBorrowingCapacity" xlink:label="loc_pnw_LineOfCreditFacilityCommercialPaperProgramMaximumBorrowingCapacity_A8F5B0F69B9E032DD594A3C5E4C229CD" xlink:type="locator"/>
<link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:to="loc_pnw_LineOfCreditFacilityCommercialPaperProgramMaximumBorrowingCapacity_A8F5B0F69B9E032DD594A3C5E4C229CD" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegulatoryMattersLongtermDebtLimit" xlink:label="loc_pnw_RegulatoryMattersLongtermDebtLimit_6F8D95E21085C33C84F9A3C5E4C26381" xlink:type="locator"/>
<link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_5363437D624E67D950B5A3C5E4C07328" xlink:to="loc_pnw_RegulatoryMattersLongtermDebtLimit_6F8D95E21085C33C84F9A3C5E4C26381" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/LongTermDebtAndLiquidityMattersTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="loc_us-gaap_DebtDisclosureAbstract_A9C68093FDCD5792A89AA24BD73E58D0" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTextBlock_69BA6C2467065FF4A741034DD2265BD8" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_A9C68093FDCD5792A89AA24BD73E58D0" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingTextBlock_69BA6C2467065FF4A741034DD2265BD8" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/NewAccountingStandards" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesAbstract" xlink:label="loc_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesAbstract_386F415FBF805B54B8F6B527BC56FD53" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock" xlink:label="loc_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_9E6D5DAB7A375A518C25DC7B35F5FF6B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesAbstract_386F415FBF805B54B8F6B527BC56FD53" xlink:to="loc_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock_9E6D5DAB7A375A518C25DC7B35F5FF6B" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/NewAccountingStandardsPolicies" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesAbstract" xlink:label="loc_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesAbstract_274BF616E7E95B719AC81EB913A3E67B" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_1C655E52E0DC58D28FB2A06796892B14" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesAbstract_274BF616E7E95B719AC81EB913A3E67B" xlink:to="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_1C655E52E0DC58D28FB2A06796892B14" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/OtherIncomeAndOtherExpense" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract" xlink:label="loc_us-gaap_OtherIncomeAndExpensesAbstract_817AC022939B5832B18C011BB12E52FB" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:label="loc_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock_C201B1466AD4504B9052E17FC4949E4F" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_817AC022939B5832B18C011BB12E52FB" xlink:to="loc_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock_C201B1466AD4504B9052E17FC4949E4F" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/OtherIncomeAndOtherExpenseDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract" xlink:label="loc_us-gaap_OtherIncomeAndExpensesAbstract_FA3CEBE91F1689FFEB3DCD0A96C37A7A" xlink:type="locator"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ComponentOfOtherIncomeAndOtherExpenseNonoperatingTable" xlink:label="loc_pnw_ComponentOfOtherIncomeAndOtherExpenseNonoperatingTable_ECA46895BDCD6A979CDCCD0A96C4ACDC" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_FA3CEBE91F1689FFEB3DCD0A96C37A7A" xlink:to="loc_pnw_ComponentOfOtherIncomeAndOtherExpenseNonoperatingTable_ECA46895BDCD6A979CDCCD0A96C4ACDC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAssetAxis" xlink:label="loc_us-gaap_RegulatoryAssetAxis_B7E9DDB29C955CAF16DBCD0A96C4A6AB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_ComponentOfOtherIncomeAndOtherExpenseNonoperatingTable_ECA46895BDCD6A979CDCCD0A96C4ACDC" xlink:to="loc_us-gaap_RegulatoryAssetAxis_B7E9DDB29C955CAF16DBCD0A96C4A6AB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAssetDomain" xlink:label="loc_us-gaap_RegulatoryAssetDomain_D319D430B3C3020610D6CD0A96C4FA99" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetAxis_B7E9DDB29C955CAF16DBCD0A96C4A6AB" xlink:to="loc_us-gaap_RegulatoryAssetDomain_D319D430B3C3020610D6CD0A96C4FA99" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SCRDeferralMember" xlink:label="loc_pnw_SCRDeferralMember_6B1E79F5C0D4AE23FA01CD0A96C5DC90" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_D319D430B3C3020610D6CD0A96C4FA99" xlink:to="loc_pnw_SCRDeferralMember_6B1E79F5C0D4AE23FA01CD0A96C5DC90" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_OctotilloDeferralMember" xlink:label="loc_pnw_OctotilloDeferralMember_1F51953C4D06E28D6564CD0A96C503D0" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_D319D430B3C3020610D6CD0A96C4FA99" xlink:to="loc_pnw_OctotilloDeferralMember_1F51953C4D06E28D6564CD0A96C503D0" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_2951152D5244A1B0A26DCD0A96C5AB20" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_ComponentOfOtherIncomeAndOtherExpenseNonoperatingTable_ECA46895BDCD6A979CDCCD0A96C4ACDC" xlink:to="loc_dei_LegalEntityAxis_2951152D5244A1B0A26DCD0A96C5AB20" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_89DED135AD9DE7D2A69FCD0A96C66B4B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_2951152D5244A1B0A26DCD0A96C5AB20" xlink:to="loc_dei_EntityDomain_89DED135AD9DE7D2A69FCD0A96C66B4B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_3167A8E5B4A43EA0C9E0CD0A96C6A21C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_89DED135AD9DE7D2A69FCD0A96C66B4B" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_3167A8E5B4A43EA0C9E0CD0A96C6A21C" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ComponentofOtherIncomeandOtherExpenseNonoperatingLineItems" xlink:label="loc_pnw_ComponentofOtherIncomeandOtherExpenseNonoperatingLineItems_646D2E14B237133CC88DCD0A96C6A180" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_ComponentOfOtherIncomeAndOtherExpenseNonoperatingTable_ECA46895BDCD6A979CDCCD0A96C4ACDC" xlink:to="loc_pnw_ComponentofOtherIncomeandOtherExpenseNonoperatingLineItems_646D2E14B237133CC88DCD0A96C6A180" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherIncomeDisclosureNonoperatingAbstract" xlink:label="loc_us-gaap_OtherIncomeDisclosureNonoperatingAbstract_F433D74190EEDF3FD194CD0A96C68056" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_ComponentofOtherIncomeandOtherExpenseNonoperatingLineItems_646D2E14B237133CC88DCD0A96C6A180" xlink:to="loc_us-gaap_OtherIncomeDisclosureNonoperatingAbstract_F433D74190EEDF3FD194CD0A96C68056" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="loc_us-gaap_InvestmentIncomeInterest_AC5BAC5986AA4835C1A4CD0A96C79C9B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeDisclosureNonoperatingAbstract_F433D74190EEDF3FD194CD0A96C68056" xlink:to="loc_us-gaap_InvestmentIncomeInterest_AC5BAC5986AA4835C1A4CD0A96C79C9B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegulatoryCostRecoveryIncomeDebtDeferralRefunded" xlink:label="loc_pnw_RegulatoryCostRecoveryIncomeDebtDeferralRefunded_C52F3EEB79A92819327BCD0A96C7DF5A" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeDisclosureNonoperatingAbstract_F433D74190EEDF3FD194CD0A96C68056" xlink:to="loc_pnw_RegulatoryCostRecoveryIncomeDebtDeferralRefunded_C52F3EEB79A92819327BCD0A96C7DF5A" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_MiscellaneousOtherNonoperatingIncome" xlink:label="loc_pnw_MiscellaneousOtherNonoperatingIncome_268E228B7AE590E5FD7CCD0A96C8E2E2" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeDisclosureNonoperatingAbstract_F433D74190EEDF3FD194CD0A96C68056" xlink:to="loc_pnw_MiscellaneousOtherNonoperatingIncome_268E228B7AE590E5FD7CCD0A96C8E2E2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherNonoperatingIncome" xlink:label="loc_us-gaap_OtherNonoperatingIncome_BBCFFDD60F7AACC73198CD0A96C80E5F" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeDisclosureNonoperatingAbstract_F433D74190EEDF3FD194CD0A96C68056" xlink:to="loc_us-gaap_OtherNonoperatingIncome_BBCFFDD60F7AACC73198CD0A96C80E5F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherExpenseDisclosureNonoperatingAbstract" xlink:label="loc_us-gaap_OtherExpenseDisclosureNonoperatingAbstract_7F58028B64E535FF9263CD0A96C87F59" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_ComponentofOtherIncomeandOtherExpenseNonoperatingLineItems_646D2E14B237133CC88DCD0A96C6A180" xlink:to="loc_us-gaap_OtherExpenseDisclosureNonoperatingAbstract_7F58028B64E535FF9263CD0A96C87F59" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_NonoperatingCosts" xlink:label="loc_pnw_NonoperatingCosts_CAFF05C33E374831A6E6CD0A96C85E9B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherExpenseDisclosureNonoperatingAbstract_7F58028B64E535FF9263CD0A96C87F59" xlink:to="loc_pnw_NonoperatingCosts_CAFF05C33E374831A6E6CD0A96C85E9B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainLossOnSaleOfInvestments" xlink:label="loc_us-gaap_GainLossOnSaleOfInvestments_60A0A01FC572D249B6A3CD4307261ACE" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherExpenseDisclosureNonoperatingAbstract_7F58028B64E535FF9263CD0A96C87F59" xlink:to="loc_us-gaap_GainLossOnSaleOfInvestments_60A0A01FC572D249B6A3CD4307261ACE" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_MiscellaneousOtherNonoperatingExpense" xlink:label="loc_pnw_MiscellaneousOtherNonoperatingExpense_D9F4DE2D020D11B71430CD0A96C9C3E2" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherExpenseDisclosureNonoperatingAbstract_7F58028B64E535FF9263CD0A96C87F59" xlink:to="loc_pnw_MiscellaneousOtherNonoperatingExpense_D9F4DE2D020D11B71430CD0A96C9C3E2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherNonoperatingExpense" xlink:label="loc_us-gaap_OtherNonoperatingExpense_3B778A2297B4641BE9BFCD0A96C98561" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherExpenseDisclosureNonoperatingAbstract_7F58028B64E535FF9263CD0A96C87F59" xlink:to="loc_us-gaap_OtherNonoperatingExpense_3B778A2297B4641BE9BFCD0A96C98561" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/OtherIncomeAndOtherExpenseTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract" xlink:label="loc_us-gaap_OtherIncomeAndExpensesAbstract_AAF5AAAB2A125D0186C4F7456EE0CF6C" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock_5F5DCFC1535750FD89F10AAB08F71C47" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherIncomeAndExpensesAbstract_AAF5AAAB2A125D0186C4F7456EE0CF6C" xlink:to="loc_us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock_5F5DCFC1535750FD89F10AAB08F71C47" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/PaloVerdeSaleLeasebackVariableInterestEntities" xlink:type="extended">
<link:loc xlink:href="pnw-20200331.xsd#pnw_VariableInterestEntitiesAbstract" xlink:label="loc_pnw_VariableInterestEntitiesAbstract_64667C00955B5C9C9856DF36BBF1696F" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:label="loc_us-gaap_VariableInterestEntityDisclosureTextBlock_722027AD99AD5C96B960CEB7D88414E5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_VariableInterestEntitiesAbstract_64667C00955B5C9C9856DF36BBF1696F" xlink:to="loc_us-gaap_VariableInterestEntityDisclosureTextBlock_722027AD99AD5C96B960CEB7D88414E5" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/PaloVerdeSaleLeasebackVariableInterestEntitiesNarrativeDetails" xlink:type="extended">
<link:loc xlink:href="pnw-20200331.xsd#pnw_VariableInterestEntitiesAbstract" xlink:label="loc_pnw_VariableInterestEntitiesAbstract_9B6E97B79FC0922B7266CD0A97F6BDBB" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_B1819601D64693FCBF85CD0A97F7A2AD" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_VariableInterestEntitiesAbstract_9B6E97B79FC0922B7266CD0A97F6BDBB" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_B1819601D64693FCBF85CD0A97F7A2AD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesAxis" xlink:label="loc_srt_ConsolidatedEntitiesAxis_C8E717D6250533D065AECD8D5B33151D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_B1819601D64693FCBF85CD0A97F7A2AD" xlink:to="loc_srt_ConsolidatedEntitiesAxis_C8E717D6250533D065AECD8D5B33151D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesDomain" xlink:label="loc_srt_ConsolidatedEntitiesDomain_707CF3A8FD8E5533CCBDCD8D5B354B08" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_C8E717D6250533D065AECD8D5B33151D" xlink:to="loc_srt_ConsolidatedEntitiesDomain_707CF3A8FD8E5533CCBDCD8D5B354B08" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_A8DF7A1F4DD0159BC80ECD8D5BE8A77B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/netLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_707CF3A8FD8E5533CCBDCD8D5B354B08" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_A8DF7A1F4DD0159BC80ECD8D5BE8A77B" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_E4336FEB8278EC7DAFECCD0A97F7EB6A" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_B1819601D64693FCBF85CD0A97F7A2AD" xlink:to="loc_dei_LegalEntityAxis_E4336FEB8278EC7DAFECCD0A97F7EB6A" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_6468C4469ABA51C37D11CD0A97F7B981" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_E4336FEB8278EC7DAFECCD0A97F7EB6A" xlink:to="loc_dei_EntityDomain_6468C4469ABA51C37D11CD0A97F7B981" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_DFBA81C7DC794A1C533ACD0A97F8EF2D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_6468C4469ABA51C37D11CD0A97F7B981" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_DFBA81C7DC794A1C533ACD0A97F8EF2D" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SaleLeasebackTransactionPeriodAxis" xlink:label="loc_pnw_SaleLeasebackTransactionPeriodAxis_A785AD5ED72BB16959FECD0A97F99FC0" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_B1819601D64693FCBF85CD0A97F7A2AD" xlink:to="loc_pnw_SaleLeasebackTransactionPeriodAxis_A785AD5ED72BB16959FECD0A97F99FC0" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SaleLeasebackTransactionPeriodDomain" xlink:label="loc_pnw_SaleLeasebackTransactionPeriodDomain_CC6FFB6DF5E75699E64ACD0A97F9252E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_SaleLeasebackTransactionPeriodAxis_A785AD5ED72BB16959FECD0A97F99FC0" xlink:to="loc_pnw_SaleLeasebackTransactionPeriodDomain_CC6FFB6DF5E75699E64ACD0A97F9252E" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SaleLeasebackTransactionPeriodThrough2023Member" xlink:label="loc_pnw_SaleLeasebackTransactionPeriodThrough2023Member_B2B8DDB326B887CEC064CD0A97FA143E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_SaleLeasebackTransactionPeriodDomain_CC6FFB6DF5E75699E64ACD0A97F9252E" xlink:to="loc_pnw_SaleLeasebackTransactionPeriodThrough2023Member_B2B8DDB326B887CEC064CD0A97FA143E" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SaleLeasebackTransactionPeriodThrough2033Member" xlink:label="loc_pnw_SaleLeasebackTransactionPeriodThrough2033Member_500E6C62128AC7C7FAA3CD0A97FA8CAB" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_SaleLeasebackTransactionPeriodDomain_CC6FFB6DF5E75699E64ACD0A97F9252E" xlink:to="loc_pnw_SaleLeasebackTransactionPeriodThrough2033Member_500E6C62128AC7C7FAA3CD0A97FA8CAB" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SaleLeasebackTransactionPeriod2016Through2023Member" xlink:label="loc_pnw_SaleLeasebackTransactionPeriod2016Through2023Member_CDAA9BB65DEE8E5BEFDECD0A97FADBFE" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_SaleLeasebackTransactionPeriodDomain_CC6FFB6DF5E75699E64ACD0A97F9252E" xlink:to="loc_pnw_SaleLeasebackTransactionPeriod2016Through2023Member_CDAA9BB65DEE8E5BEFDECD0A97FADBFE" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SaleLeasebackTransactionPeriod2024Through2033Member" xlink:label="loc_pnw_SaleLeasebackTransactionPeriod2024Through2033Member_BDA6602D6E0E8624D635CD0A97FA7E86" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_SaleLeasebackTransactionPeriodDomain_CC6FFB6DF5E75699E64ACD0A97F9252E" xlink:to="loc_pnw_SaleLeasebackTransactionPeriod2024Through2033Member_BDA6602D6E0E8624D635CD0A97FA7E86" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeAxis" xlink:label="loc_srt_RangeAxis_C029E4F22D2B6FA08B75CD0A97FB9AB8" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_B1819601D64693FCBF85CD0A97F7A2AD" xlink:to="loc_srt_RangeAxis_C029E4F22D2B6FA08B75CD0A97FB9AB8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeMember" xlink:label="loc_srt_RangeMember_821E6AC3B7CF7D806FA6CD0A97FB6B8F" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_C029E4F22D2B6FA08B75CD0A97FB9AB8" xlink:to="loc_srt_RangeMember_821E6AC3B7CF7D806FA6CD0A97FB6B8F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MaximumMember" xlink:label="loc_srt_MaximumMember_EDF7F65DB0F086E44349CD0A97FC53BA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_821E6AC3B7CF7D806FA6CD0A97FB6B8F" xlink:to="loc_srt_MaximumMember_EDF7F65DB0F086E44349CD0A97FC53BA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_00C585AEFC8FF8B5E997CD0A97FC89F4" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_B1819601D64693FCBF85CD0A97F7A2AD" xlink:to="loc_us-gaap_VariableInterestEntityLineItems_00C585AEFC8FF8B5E997CD0A97FC89F4" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_NumberOfVIELessorTrusts" xlink:label="loc_pnw_NumberOfVIELessorTrusts_06C39C9A4FCC96714BB4CD0A97FC3D27" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_00C585AEFC8FF8B5E997CD0A97FC89F4" xlink:to="loc_pnw_NumberOfVIELessorTrusts_06C39C9A4FCC96714BB4CD0A97FC3D27" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SaleLeasebackTransactionNumberOfLeasesUnderWhichAssetsRetainedThroughSpecifiedPeriod" xlink:label="loc_pnw_SaleLeasebackTransactionNumberOfLeasesUnderWhichAssetsRetainedThroughSpecifiedPeriod_C58A0D4D85658DF9742DCD0A97FC6863" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_00C585AEFC8FF8B5E997CD0A97FC89F4" xlink:to="loc_pnw_SaleLeasebackTransactionNumberOfLeasesUnderWhichAssetsRetainedThroughSpecifiedPeriod_C58A0D4D85658DF9742DCD0A97FC6863" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SaleLeasebackTransactionAnnualRentalPayments" xlink:label="loc_us-gaap_SaleLeasebackTransactionAnnualRentalPayments_6F167C9C0061D8627566CD0A97FC28A9" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_00C585AEFC8FF8B5E997CD0A97FC89F4" xlink:to="loc_us-gaap_SaleLeasebackTransactionAnnualRentalPayments_6F167C9C0061D8627566CD0A97FC28A9" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SaleLeasebackTransactionLeasePeriod" xlink:label="loc_pnw_SaleLeasebackTransactionLeasePeriod_91522483F30086699F8CCD0A97FD5F38" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_00C585AEFC8FF8B5E997CD0A97FC89F4" xlink:to="loc_pnw_SaleLeasebackTransactionLeasePeriod_91522483F30086699F8CCD0A97FD5F38" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_B59B6181FE6709D49633CD0A97FDBE45" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/positiveLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_00C585AEFC8FF8B5E997CD0A97FC89F4" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_B59B6181FE6709D49633CD0A97FDBE45" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_VariableInterestEntityEntityInitialLossExposuretoNoncontrollingInterestsDuringLeaseExtensionPeriodAmount" xlink:label="loc_pnw_VariableInterestEntityEntityInitialLossExposuretoNoncontrollingInterestsDuringLeaseExtensionPeriodAmount_640A3084BCF49BC99B29CD0A97FD4B96" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_00C585AEFC8FF8B5E997CD0A97FC89F4" xlink:to="loc_pnw_VariableInterestEntityEntityInitialLossExposuretoNoncontrollingInterestsDuringLeaseExtensionPeriodAmount_640A3084BCF49BC99B29CD0A97FD4B96" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_VariableInterestEntityEntityMaximumLossExposuretoNoncontrollingInterestsDuringLeaseExtensionPeriodAmount" xlink:label="loc_pnw_VariableInterestEntityEntityMaximumLossExposuretoNoncontrollingInterestsDuringLeaseExtensionPeriodAmount_B3D54C6A9AE94A40D5F3CD0A97FE9803" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_00C585AEFC8FF8B5E997CD0A97FC89F4" xlink:to="loc_pnw_VariableInterestEntityEntityMaximumLossExposuretoNoncontrollingInterestsDuringLeaseExtensionPeriodAmount_B3D54C6A9AE94A40D5F3CD0A97FE9803" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/PaloVerdeSaleLeasebackVariableInterestEntitiesScheduleOfViesDetails" xlink:type="extended">
<link:loc xlink:href="pnw-20200331.xsd#pnw_VariableInterestEntitiesAbstract" xlink:label="loc_pnw_VariableInterestEntitiesAbstract_CBC2FAA5814FB7067B1BCD0A97D977F1" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_630B768CF50B06BFE1E4CD0A97D9F693" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_VariableInterestEntitiesAbstract_CBC2FAA5814FB7067B1BCD0A97D977F1" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_630B768CF50B06BFE1E4CD0A97D9F693" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesAxis" xlink:label="loc_srt_ConsolidatedEntitiesAxis_30A22026980A208690C5CD8C2B67C7C9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_630B768CF50B06BFE1E4CD0A97D9F693" xlink:to="loc_srt_ConsolidatedEntitiesAxis_30A22026980A208690C5CD8C2B67C7C9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesDomain" xlink:label="loc_srt_ConsolidatedEntitiesDomain_CD0AB92AD7FAECD2AA55CD8C2B74EE4D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesAxis_30A22026980A208690C5CD8C2B67C7C9" xlink:to="loc_srt_ConsolidatedEntitiesDomain_CD0AB92AD7FAECD2AA55CD8C2B74EE4D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_D734FA18574F7C8C065ECD8C2BEAF30A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2009/role/netLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ConsolidatedEntitiesDomain_CD0AB92AD7FAECD2AA55CD8C2B74EE4D" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_D734FA18574F7C8C065ECD8C2BEAF30A" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_F834073C99EE61D5C415CD0A97DA4996" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_630B768CF50B06BFE1E4CD0A97D9F693" xlink:to="loc_dei_LegalEntityAxis_F834073C99EE61D5C415CD0A97DA4996" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_AB5B5AA11ABCA6F3DAF5CD0A97DA770C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_F834073C99EE61D5C415CD0A97DA4996" xlink:to="loc_dei_EntityDomain_AB5B5AA11ABCA6F3DAF5CD0A97DA770C" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_50F6D138A410023A3151CD0A97DAAC0B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_AB5B5AA11ABCA6F3DAF5CD0A97DA770C" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_50F6D138A410023A3151CD0A97DAAC0B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_113AFBF52C6FB5E0A936CD0A97DB9A01" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_630B768CF50B06BFE1E4CD0A97D9F693" xlink:to="loc_us-gaap_VariableInterestEntityLineItems_113AFBF52C6FB5E0A936CD0A97DB9A01" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_B1DFD9D2F90F1C14EA68CD9DC2C5C9BF" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_113AFBF52C6FB5E0A936CD0A97DB9A01" xlink:to="loc_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_B1DFD9D2F90F1C14EA68CD9DC2C5C9BF" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract" xlink:label="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_57E1EB6AF9A1CBF18159CD0A97DCE262" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_113AFBF52C6FB5E0A936CD0A97DB9A01" xlink:to="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_57E1EB6AF9A1CBF18159CD0A97DCE262" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MinorityInterest" xlink:label="loc_us-gaap_MinorityInterest_511733CE50162DC8475BCD0A97DD38A8" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesAbstract_57E1EB6AF9A1CBF18159CD0A97DCE262" xlink:to="loc_us-gaap_MinorityInterest_511733CE50162DC8475BCD0A97DD38A8" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/PaloVerdeSaleLeasebackVariableInterestEntitiesTables" xlink:type="extended">
<link:loc xlink:href="pnw-20200331.xsd#pnw_VariableInterestEntitiesAbstract" xlink:label="loc_pnw_VariableInterestEntitiesAbstract_B34AFCB4BD1D5AF98980BCA2D335DD1F" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTextBlock" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_107F168BF9E15D62BE853BF0028F46DB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_VariableInterestEntitiesAbstract_B34AFCB4BD1D5AF98980BCA2D335DD1F" xlink:to="loc_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_107F168BF9E15D62BE853BF0028F46DB" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RegulatoryMatters" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatedOperationsAbstract" xlink:label="loc_us-gaap_RegulatedOperationsAbstract_88035F14427A523FB7404DC28EBB62E4" xlink:type="locator"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegulatoryMattersTextBlock" xlink:label="loc_pnw_RegulatoryMattersTextBlock_3D70AB8A66C25EB8A698B7DAAA3FE942" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_88035F14427A523FB7404DC28EBB62E4" xlink:to="loc_pnw_RegulatoryMattersTextBlock_3D70AB8A66C25EB8A698B7DAAA3FE942" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RegulatoryMattersCostRecoveryMechanismAndNetMeteringDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatedOperationsAbstract" xlink:label="loc_us-gaap_RegulatedOperationsAbstract_1267CA63CFCE6DFB7F2DEA81966E2667" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresTable" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_87B6A9F1AE8367DECFE9EA81966EB843" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_1267CA63CFCE6DFB7F2DEA81966E2667" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_87B6A9F1AE8367DECFE9EA81966EB843" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_23F21BF5D05B415466B3EA81966F77B4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_87B6A9F1AE8367DECFE9EA81966EB843" xlink:to="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_23F21BF5D05B415466B3EA81966F77B4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain_106C3532182CBE280B90EA81966F4DEE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_23F21BF5D05B415466B3EA81966F77B4" xlink:to="loc_us-gaap_LossContingencyNatureDomain_106C3532182CBE280B90EA81966F4DEE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DamageFromFireExplosionOrOtherHazardMember" xlink:label="loc_us-gaap_DamageFromFireExplosionOrOtherHazardMember_E7402288FC4950798A10EA81966F4011" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingencyNatureDomain_106C3532182CBE280B90EA81966F4DEE" xlink:to="loc_us-gaap_DamageFromFireExplosionOrOtherHazardMember_E7402288FC4950798A10EA81966F4011" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_5F9D86A35818599BADB0EA8196700393" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_87B6A9F1AE8367DECFE9EA81966EB843" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_5F9D86A35818599BADB0EA8196700393" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_D944D0EABC3328654186EA819670B2B3" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_5F9D86A35818599BADB0EA8196700393" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_D944D0EABC3328654186EA819670B2B3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_2297C74B40E4BCFD85E5EA81967102A0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_D944D0EABC3328654186EA819670B2B3" xlink:to="loc_us-gaap_SubsequentEventMember_2297C74B40E4BCFD85E5EA81967102A0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeAxis" xlink:label="loc_srt_RangeAxis_A7A0E63F68DF7622B9A5EA819671DA49" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_87B6A9F1AE8367DECFE9EA81966EB843" xlink:to="loc_srt_RangeAxis_A7A0E63F68DF7622B9A5EA819671DA49" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeMember" xlink:label="loc_srt_RangeMember_269D72EF61EBB5D71A5DEA8196718E83" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_A7A0E63F68DF7622B9A5EA819671DA49" xlink:to="loc_srt_RangeMember_269D72EF61EBB5D71A5DEA8196718E83" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MinimumMember" xlink:label="loc_srt_MinimumMember_AFDF8C527A9B8B1B3468EA8196715E85" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_269D72EF61EBB5D71A5DEA8196718E83" xlink:to="loc_srt_MinimumMember_AFDF8C527A9B8B1B3468EA8196715E85" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MaximumMember" xlink:label="loc_srt_MaximumMember_DA856A4767532CF69CEAEA819672353C" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_269D72EF61EBB5D71A5DEA8196718E83" xlink:to="loc_srt_MaximumMember_DA856A4767532CF69CEAEA819672353C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_StatementScenarioAxis" xlink:label="loc_srt_StatementScenarioAxis_D6BB452E17E21DD9CE32EA819672C1E2" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_87B6A9F1AE8367DECFE9EA81966EB843" xlink:to="loc_srt_StatementScenarioAxis_D6BB452E17E21DD9CE32EA819672C1E2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ScenarioUnspecifiedDomain" xlink:label="loc_srt_ScenarioUnspecifiedDomain_1F224D15473B1EA98F68EA8196722CEA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementScenarioAxis_D6BB452E17E21DD9CE32EA819672C1E2" xlink:to="loc_srt_ScenarioUnspecifiedDomain_1F224D15473B1EA98F68EA8196722CEA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ScenarioForecastMember" xlink:label="loc_srt_ScenarioForecastMember_F5BD60AB34C034422524EA8196731A64" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScenarioUnspecifiedDomain_1F224D15473B1EA98F68EA8196722CEA" xlink:to="loc_srt_ScenarioForecastMember_F5BD60AB34C034422524EA8196731A64" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilitiesRegulatoryRegulatoryMattersAxis" xlink:label="loc_pnw_PublicUtilitiesRegulatoryRegulatoryMattersAxis_3F87A4FE3C09C1BA7B67EA8196739D6A" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_87B6A9F1AE8367DECFE9EA81966EB843" xlink:to="loc_pnw_PublicUtilitiesRegulatoryRegulatoryMattersAxis_3F87A4FE3C09C1BA7B67EA8196739D6A" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilitiesRegulatoryRegulatoryMattersDomain" xlink:label="loc_pnw_PublicUtilitiesRegulatoryRegulatoryMattersDomain_F9407165ADD1F6A74525EA81967314DB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_PublicUtilitiesRegulatoryRegulatoryMattersAxis_3F87A4FE3C09C1BA7B67EA8196739D6A" xlink:to="loc_pnw_PublicUtilitiesRegulatoryRegulatoryMattersDomain_F9407165ADD1F6A74525EA81967314DB" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_CostRecoveryMechanismsMember" xlink:label="loc_pnw_CostRecoveryMechanismsMember_D340FAAB6CE4A9817122EA8196732451" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_PublicUtilitiesRegulatoryRegulatoryMattersDomain_F9407165ADD1F6A74525EA81967314DB" xlink:to="loc_pnw_CostRecoveryMechanismsMember_D340FAAB6CE4A9817122EA8196732451" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAgencyAxis" xlink:label="loc_us-gaap_RegulatoryAgencyAxis_B5410A43BDEADB9C4E7FEA8196744329" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_87B6A9F1AE8367DECFE9EA81966EB843" xlink:to="loc_us-gaap_RegulatoryAgencyAxis_B5410A43BDEADB9C4E7FEA8196744329" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAgencyDomain" xlink:label="loc_us-gaap_RegulatoryAgencyDomain_D9B1F451C97F15A1486CEA8196747BA0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyAxis_B5410A43BDEADB9C4E7FEA8196744329" xlink:to="loc_us-gaap_RegulatoryAgencyDomain_D9B1F451C97F15A1486CEA8196747BA0" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaCorporationCommissionMember" xlink:label="loc_pnw_ArizonaCorporationCommissionMember_9B03CA4DFCE3C95097BEEA819674658D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyDomain_D9B1F451C97F15A1486CEA8196747BA0" xlink:to="loc_pnw_ArizonaCorporationCommissionMember_9B03CA4DFCE3C95097BEEA819674658D" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_UnitedStatesFederalEnergyRegulatoryCommissionMember" xlink:label="loc_pnw_UnitedStatesFederalEnergyRegulatoryCommissionMember_786DE0A4BEEFF071568CEA819675A534" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyDomain_D9B1F451C97F15A1486CEA8196747BA0" xlink:to="loc_pnw_UnitedStatesFederalEnergyRegulatoryCommissionMember_786DE0A4BEEFF071568CEA819675A534" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesRegulatoryProceedingAxis" xlink:label="loc_us-gaap_PublicUtilitiesRegulatoryProceedingAxis_2A3B44C94389A8D338F1EA81967516DE" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_87B6A9F1AE8367DECFE9EA81966EB843" xlink:to="loc_us-gaap_PublicUtilitiesRegulatoryProceedingAxis_2A3B44C94389A8D338F1EA81967516DE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesRegulatoryProceedingDomain" xlink:label="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_33A8608E7B440687B052EA819675649B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRegulatoryProceedingAxis_2A3B44C94389A8D338F1EA81967516DE" xlink:to="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_33A8608E7B440687B052EA819675649B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaRenewableEnergyStandardAndTariffMember" xlink:label="loc_pnw_ArizonaRenewableEnergyStandardAndTariffMember_C2C411EA5D8FC6924C06EA819676AE8E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_33A8608E7B440687B052EA819675649B" xlink:to="loc_pnw_ArizonaRenewableEnergyStandardAndTariffMember_C2C411EA5D8FC6924C06EA819676AE8E" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaRenewableEnergyStandardandTariff2018Member" xlink:label="loc_pnw_ArizonaRenewableEnergyStandardandTariff2018Member_2D6433F7CF855360FD33EA819676421A" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_33A8608E7B440687B052EA819675649B" xlink:to="loc_pnw_ArizonaRenewableEnergyStandardandTariff2018Member_2D6433F7CF855360FD33EA819676421A" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DemandSideManagementAdjustorCharge2018Member" xlink:label="loc_pnw_DemandSideManagementAdjustorCharge2018Member_A434A19E5EC095847BE2EA81967682FB" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_33A8608E7B440687B052EA819675649B" xlink:to="loc_pnw_DemandSideManagementAdjustorCharge2018Member_A434A19E5EC095847BE2EA81967682FB" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DemandSideManagementAdjustorCharge2019Member" xlink:label="loc_pnw_DemandSideManagementAdjustorCharge2019Member_DCE1E08E47C1950A00BFEA819676271B" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_33A8608E7B440687B052EA819675649B" xlink:to="loc_pnw_DemandSideManagementAdjustorCharge2019Member_DCE1E08E47C1950A00BFEA819676271B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DemandSideManagementAdjustorCharge2020Member" xlink:label="loc_pnw_DemandSideManagementAdjustorCharge2020Member_F15E8C406EF9E0EAC330EA81967765CA" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_33A8608E7B440687B052EA819675649B" xlink:to="loc_pnw_DemandSideManagementAdjustorCharge2020Member_F15E8C406EF9E0EAC330EA81967765CA" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PowerSupplyAdjustorMember" xlink:label="loc_pnw_PowerSupplyAdjustorMember_D6439AA10887FB0CD884EA819677AE74" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_33A8608E7B440687B052EA819675649B" xlink:to="loc_pnw_PowerSupplyAdjustorMember_D6439AA10887FB0CD884EA819677AE74" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_EnvironmentalImprovementSurchargeMember" xlink:label="loc_pnw_EnvironmentalImprovementSurchargeMember_8376FCCEB4F8E0D2E1EBEA819677B7E3" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_33A8608E7B440687B052EA819675649B" xlink:to="loc_pnw_EnvironmentalImprovementSurchargeMember_8376FCCEB4F8E0D2E1EBEA819677B7E3" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_OpenAccessTransmissionTariffMember" xlink:label="loc_pnw_OpenAccessTransmissionTariffMember_FE18ADC1B74D951C2A56EA819677FEF7" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_33A8608E7B440687B052EA819675649B" xlink:to="loc_pnw_OpenAccessTransmissionTariffMember_FE18ADC1B74D951C2A56EA819677FEF7" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_LostFixedCostRecoveryMechanismsMember" xlink:label="loc_pnw_LostFixedCostRecoveryMechanismsMember_1DE9270E64125F984C3BEA8196773071" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_33A8608E7B440687B052EA819675649B" xlink:to="loc_pnw_LostFixedCostRecoveryMechanismsMember_1DE9270E64125F984C3BEA8196773071" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_NetMeteringMember" xlink:label="loc_pnw_NetMeteringMember_D7495E464742D5FF4239EA8196780DF2" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_33A8608E7B440687B052EA819675649B" xlink:to="loc_pnw_NetMeteringMember_D7495E464742D5FF4239EA8196780DF2" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_B10085C1825B4B8656D5EA819678199E" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_87B6A9F1AE8367DECFE9EA81966EB843" xlink:to="loc_dei_LegalEntityAxis_B10085C1825B4B8656D5EA819678199E" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_286BAD8A462652772559EA819678DC82" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_B10085C1825B4B8656D5EA819678199E" xlink:to="loc_dei_EntityDomain_286BAD8A462652772559EA819678DC82" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_4BADD4CB912E1BECFD67EA8196793237" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_286BAD8A462652772559EA819678DC82" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_4BADD4CB912E1BECFD67EA8196793237" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilityProgramAxis" xlink:label="loc_pnw_PublicUtilityProgramAxis_B20BFCDC130A56E36616EA8196799CB0" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_87B6A9F1AE8367DECFE9EA81966EB843" xlink:to="loc_pnw_PublicUtilityProgramAxis_B20BFCDC130A56E36616EA8196799CB0" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilityProgramDomain" xlink:label="loc_pnw_PublicUtilityProgramDomain_8EA525929BBB7290DA8AEA8196797083" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_PublicUtilityProgramAxis_B20BFCDC130A56E36616EA8196799CB0" xlink:to="loc_pnw_PublicUtilityProgramDomain_8EA525929BBB7290DA8AEA8196797083" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AZSunProgramPhase2Member" xlink:label="loc_pnw_AZSunProgramPhase2Member_20FC176467444BF048EEEA81967921AC" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_PublicUtilityProgramDomain_8EA525929BBB7290DA8AEA8196797083" xlink:to="loc_pnw_AZSunProgramPhase2Member_20FC176467444BF048EEEA81967921AC" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SolarCommunitiesMember" xlink:label="loc_pnw_SolarCommunitiesMember_1722CD02B3DACF2E78DFEA81967A24E9" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_PublicUtilityProgramDomain_8EA525929BBB7290DA8AEA8196797083" xlink:to="loc_pnw_SolarCommunitiesMember_1722CD02B3DACF2E78DFEA81967A24E9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAssetAxis" xlink:label="loc_us-gaap_RegulatoryAssetAxis_76B32FBDEBDBF78E8700EA81967A5D35" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_87B6A9F1AE8367DECFE9EA81966EB843" xlink:to="loc_us-gaap_RegulatoryAssetAxis_76B32FBDEBDBF78E8700EA81967A5D35" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAssetDomain" xlink:label="loc_us-gaap_RegulatoryAssetDomain_5272A5B73F7B8EC3F2B1EA81967AA306" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetAxis_76B32FBDEBDBF78E8700EA81967A5D35" xlink:to="loc_us-gaap_RegulatoryAssetDomain_5272A5B73F7B8EC3F2B1EA81967AA306" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_FourCornersMember" xlink:label="loc_pnw_FourCornersMember_42ECEE6736A9245F44E9EA81967BA461" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_5272A5B73F7B8EC3F2B1EA81967AA306" xlink:to="loc_pnw_FourCornersMember_42ECEE6736A9245F44E9EA81967BA461" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RetiredPowerPlantCostsMember" xlink:label="loc_pnw_RetiredPowerPlantCostsMember_0EF10079115B32231B6AEA81967B6F28" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_5272A5B73F7B8EC3F2B1EA81967AA306" xlink:to="loc_pnw_RetiredPowerPlantCostsMember_0EF10079115B32231B6AEA81967B6F28" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresLineItems" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_87B6A9F1AE8367DECFE9EA81966EB843" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesRateMattersApprovedAbstract" xlink:label="loc_us-gaap_PublicUtilitiesRateMattersApprovedAbstract_3419248BE30958613AF7EA81967B18CB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_us-gaap_PublicUtilitiesRateMattersApprovedAbstract_3419248BE30958613AF7EA81967B18CB" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMatterPlanTerm" xlink:label="loc_pnw_RateMatterPlanTerm_83BC5C4E3ED6E3477D15EA81967CF481" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRateMattersApprovedAbstract_3419248BE30958613AF7EA81967B18CB" xlink:to="loc_pnw_RateMatterPlanTerm_83BC5C4E3ED6E3477D15EA81967CF481" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMatterProposedBudget" xlink:label="loc_pnw_RateMatterProposedBudget_A29C3397C0F3152EC8FCEA81967C31DF" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRateMattersApprovedAbstract_3419248BE30958613AF7EA81967B18CB" xlink:to="loc_pnw_RateMatterProposedBudget_A29C3397C0F3152EC8FCEA81967C31DF" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilitiesProgramTerm" xlink:label="loc_pnw_PublicUtilitiesProgramTerm_7EF5EC992423BFB010F8EA81967C3DCF" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRateMattersApprovedAbstract_3419248BE30958613AF7EA81967B18CB" xlink:to="loc_pnw_PublicUtilitiesProgramTerm_7EF5EC992423BFB010F8EA81967C3DCF" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilitiesRequiredAnnualCapitalInvestment" xlink:label="loc_pnw_PublicUtilitiesRequiredAnnualCapitalInvestment_367B0AB0B7C3A27029CBEA81967D3714" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRateMattersApprovedAbstract_3419248BE30958613AF7EA81967B18CB" xlink:to="loc_pnw_PublicUtilitiesRequiredAnnualCapitalInvestment_367B0AB0B7C3A27029CBEA81967D3714" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_F8809C2C63CC86B3C710EA81967D77B8" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_F8809C2C63CC86B3C710EA81967D77B8" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DeferredFuelAndPurchasedPowerRegulatoryAssetLiabilityRollForward" xlink:label="loc_pnw_DeferredFuelAndPurchasedPowerRegulatoryAssetLiabilityRollForward_213BD43218ECB42AA863EA81967D87E8" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_DeferredFuelAndPurchasedPowerRegulatoryAssetLiabilityRollForward_213BD43218ECB42AA863EA81967D87E8" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DeferredFuelandPurchasedPowerRegulatoryAssetLiabilityCurrent" xlink:label="loc_pnw_DeferredFuelandPurchasedPowerRegulatoryAssetLiabilityCurrent_26EE8273584E904B6E07EA81967DEE61" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_DeferredFuelAndPurchasedPowerRegulatoryAssetLiabilityRollForward_213BD43218ECB42AA863EA81967D87E8" xlink:to="loc_pnw_DeferredFuelandPurchasedPowerRegulatoryAssetLiabilityCurrent_26EE8273584E904B6E07EA81967DEE61" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInRegulatoryClauseRevenue" xlink:label="loc_us-gaap_IncreaseDecreaseInRegulatoryClauseRevenue_0446D43B52E51EBF1AEBEA81967DDFBB" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_DeferredFuelAndPurchasedPowerRegulatoryAssetLiabilityRollForward_213BD43218ECB42AA863EA81967D87E8" xlink:to="loc_us-gaap_IncreaseDecreaseInRegulatoryClauseRevenue_0446D43B52E51EBF1AEBEA81967DDFBB" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_IncreaseDecreaseDeferredFuelAndPurchasedPowerAmortization" xlink:label="loc_pnw_IncreaseDecreaseDeferredFuelAndPurchasedPowerAmortization_9C07EC7544C0C4B1430DEA81967EDFB7" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_DeferredFuelAndPurchasedPowerRegulatoryAssetLiabilityRollForward_213BD43218ECB42AA863EA81967D87E8" xlink:to="loc_pnw_IncreaseDecreaseDeferredFuelAndPurchasedPowerAmortization_9C07EC7544C0C4B1430DEA81967EDFB7" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DeferredFuelandPurchasedPowerRegulatoryAssetLiabilityCurrent" xlink:label="loc_pnw_DeferredFuelandPurchasedPowerRegulatoryAssetLiabilityCurrent_E44054608744DC181DCBEA81967EAD4E" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_DeferredFuelAndPurchasedPowerRegulatoryAssetLiabilityRollForward_213BD43218ECB42AA863EA81967D87E8" xlink:to="loc_pnw_DeferredFuelandPurchasedPowerRegulatoryAssetLiabilityCurrent_E44054608744DC181DCBEA81967EAD4E" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PSARate1" xlink:label="loc_pnw_PSARate1_9C65BAEC33B093ED14E3EA81967EA745" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_PSARate1_9C65BAEC33B093ED14E3EA81967EA745" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PSARateInPriorYears1" xlink:label="loc_pnw_PSARateInPriorYears1_CECF1D38F6DD62FC647BEA81967E860E" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_PSARateInPriorYears1_CECF1D38F6DD62FC647BEA81967E860E" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_CostRecoveryNumberOfAgreements" xlink:label="loc_pnw_CostRecoveryNumberOfAgreements_D590C961EB4B3A17CF43EA81967FEF79" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_CostRecoveryNumberOfAgreements_D590C961EB4B3A17CF43EA81967FEF79" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ForwardComponentofPSARate1" xlink:label="loc_pnw_ForwardComponentofPSARate1_3825B54F984DC1EEEACBEA81967F54BA" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_ForwardComponentofPSARate1_3825B54F984DC1EEEACBEA81967F54BA" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_HistoricalComponentofPSARate1" xlink:label="loc_pnw_HistoricalComponentofPSARate1_DB7AD5BC925970B7DB4CEA81967FAEB8" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_HistoricalComponentofPSARate1_DB7AD5BC925970B7DB4CEA81967FAEB8" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_MaximumIncreaseDecreaseinPSARate1" xlink:label="loc_pnw_MaximumIncreaseDecreaseinPSARate1_0140730B28DA794E07D6EA8196805BC3" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_MaximumIncreaseDecreaseinPSARate1_0140730B28DA794E07D6EA8196805BC3" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_FuelAndPurchasedPowerCostsExcessAnnualLimit" xlink:label="loc_pnw_FuelAndPurchasedPowerCostsExcessAnnualLimit_BA4F5A932E8EF0862DCCEA819680C6B8" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_FuelAndPurchasedPowerCostsExcessAnnualLimit_BA4F5A932E8EF0862DCCEA819680C6B8" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMattersIncreaseDecreaseinCostRecovery" xlink:label="loc_pnw_RateMattersIncreaseDecreaseinCostRecovery_15B63DC931734BF33FE9EA81968044D9" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_RateMattersIncreaseDecreaseinCostRecovery_15B63DC931734BF33FE9EA81968044D9" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMattersIncreaseDecreaseinCostRecoveryExcessOfAnnualAmount" xlink:label="loc_pnw_RateMattersIncreaseDecreaseinCostRecoveryExcessOfAnnualAmount_A654944F6786C192E092EA8196806279" xlink:type="locator"/>
<link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_RateMattersIncreaseDecreaseinCostRecoveryExcessOfAnnualAmount_A654944F6786C192E092EA8196806279" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMatterFixedCostRecoverablePerResidentialPowerLost1" xlink:label="loc_pnw_RateMatterFixedCostRecoverablePerResidentialPowerLost1_99878D560EC9CF5D7DA3EA81968066A2" xlink:type="locator"/>
<link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_RateMatterFixedCostRecoverablePerResidentialPowerLost1_99878D560EC9CF5D7DA3EA81968066A2" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMatterFixedCostRecoverablePerNonResidentialPowerLost1" xlink:label="loc_pnw_RateMatterFixedCostRecoverablePerNonResidentialPowerLost1_7C5D36BC380F6612F3E7EA819681DB6D" xlink:type="locator"/>
<link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_RateMatterFixedCostRecoverablePerNonResidentialPowerLost1_7C5D36BC380F6612F3E7EA819681DB6D" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMatterFixedCostRecoverablePerPowerLost1" xlink:label="loc_pnw_RateMatterFixedCostRecoverablePerPowerLost1_2AFB6A4E1175955C9E9BEA819681E7CC" xlink:type="locator"/>
<link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_RateMatterFixedCostRecoverablePerPowerLost1_2AFB6A4E1175955C9E9BEA819681E7CC" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMatterCapPercentageOfRetailRevenue" xlink:label="loc_pnw_RateMatterCapPercentageOfRetailRevenue_78147524DE9DB33462D7EA8196815993" xlink:type="locator"/>
<link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_RateMatterCapPercentageOfRetailRevenue_78147524DE9DB33462D7EA8196815993" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AmountofAdjustmentRepresentingProratedSalesLossesPendingApproval" xlink:label="loc_pnw_AmountofAdjustmentRepresentingProratedSalesLossesPendingApproval_ADF9DB75F95CF7652653EA8196812C09" xlink:type="locator"/>
<link:presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_AmountofAdjustmentRepresentingProratedSalesLossesPendingApproval_ADF9DB75F95CF7652653EA8196812C09" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_IncreaseDecreaseinAmountofAdjustmentRepresentingProratedSalesLosses" xlink:label="loc_pnw_IncreaseDecreaseinAmountofAdjustmentRepresentingProratedSalesLosses_4E0EDC1EA873B9911B54EA819682A902" xlink:type="locator"/>
<link:presentationArc order="18" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_IncreaseDecreaseinAmountofAdjustmentRepresentingProratedSalesLosses_4E0EDC1EA873B9911B54EA819682A902" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilitiesRequestedRateIncreaseDecreaseAmountTaxCutsandJobsActof2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit" xlink:label="loc_pnw_PublicUtilitiesRequestedRateIncreaseDecreaseAmountTaxCutsandJobsActof2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit_EC480C2C8FCE1BA2D0DFEA8196827520" xlink:type="locator"/>
<link:presentationArc order="19" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_PublicUtilitiesRequestedRateIncreaseDecreaseAmountTaxCutsandJobsActof2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit_EC480C2C8FCE1BA2D0DFEA8196827520" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilitiesRequestedRateIncreaseDecreaseDeferredTaxesAmortizationPeriod" xlink:label="loc_pnw_PublicUtilitiesRequestedRateIncreaseDecreaseDeferredTaxesAmortizationPeriod_43F0CA146CD9C5082982EA81968209B8" xlink:type="locator"/>
<link:presentationArc order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_PublicUtilitiesRequestedRateIncreaseDecreaseDeferredTaxesAmortizationPeriod_43F0CA146CD9C5082982EA81968209B8" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilitiesRequestedRateIncreaseDecreaseAmountOnetimeBillCredit" xlink:label="loc_pnw_PublicUtilitiesRequestedRateIncreaseDecreaseAmountOnetimeBillCredit_4B800AC4A3248274C476EA8196825153" xlink:type="locator"/>
<link:presentationArc order="21" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_PublicUtilitiesRequestedRateIncreaseDecreaseAmountOnetimeBillCredit_4B800AC4A3248274C476EA8196825153" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilitiesRequestedRateIncreaseDecreaseAmountOnetimeBillCreditAdditionalBenefit" xlink:label="loc_pnw_PublicUtilitiesRequestedRateIncreaseDecreaseAmountOnetimeBillCreditAdditionalBenefit_4318642FD5FC5D845827EA819682D448" xlink:type="locator"/>
<link:presentationArc order="22" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_PublicUtilitiesRequestedRateIncreaseDecreaseAmountOnetimeBillCreditAdditionalBenefit_4318642FD5FC5D845827EA819682D448" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMattersCostofServiceResourceComparisonProxyMethodMaximumAnnualPercentageDecrease" xlink:label="loc_pnw_RateMattersCostofServiceResourceComparisonProxyMethodMaximumAnnualPercentageDecrease_833CCBEEDCBA4C0B710FEA8196838D67" xlink:type="locator"/>
<link:presentationArc order="23" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_RateMattersCostofServiceResourceComparisonProxyMethodMaximumAnnualPercentageDecrease_833CCBEEDCBA4C0B710FEA8196838D67" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMattersCostofServiceforInterconnectedDGSystemCustomersGrandfatheredPeriod" xlink:label="loc_pnw_RateMattersCostofServiceforInterconnectedDGSystemCustomersGrandfatheredPeriod_D843009E3A5BC0D7D13AEA8196835861" xlink:type="locator"/>
<link:presentationArc order="24" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_RateMattersCostofServiceforInterconnectedDGSystemCustomersGrandfatheredPeriod_D843009E3A5BC0D7D13AEA8196835861" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMattersCostofServiceforNewCustomersGuaranteedExportPricePeriod" xlink:label="loc_pnw_RateMattersCostofServiceforNewCustomersGuaranteedExportPricePeriod_B86A8F55646B3E80605AEA8196831C3C" xlink:type="locator"/>
<link:presentationArc order="25" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_RateMattersCostofServiceforNewCustomersGuaranteedExportPricePeriod_B86A8F55646B3E80605AEA8196831C3C" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMatterSettlementAgreementEnergyPriceforExportedEnergy1" xlink:label="loc_pnw_RateMatterSettlementAgreementEnergyPriceforExportedEnergy1_4CDB11D81424A398E5FDEA8196830412" xlink:type="locator"/>
<link:presentationArc order="26" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_RateMatterSettlementAgreementEnergyPriceforExportedEnergy1_4CDB11D81424A398E5FDEA8196830412" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMatterRequestSecondYearEnergyPriceforExportedEnergy1" xlink:label="loc_pnw_RateMatterRequestSecondYearEnergyPriceforExportedEnergy1_6DACCE2026D55AABCCBDEA819684C60B" xlink:type="locator"/>
<link:presentationArc order="27" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_RateMatterRequestSecondYearEnergyPriceforExportedEnergy1_6DACCE2026D55AABCCBDEA819684C60B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegulatoryImpactOperatingResults" xlink:label="loc_pnw_RegulatoryImpactOperatingResults_620B9710E68D2A9F9C5FEA81968497E6" xlink:type="locator"/>
<link:presentationArc order="28" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_RegulatoryImpactOperatingResults_620B9710E68D2A9F9C5FEA81968497E6" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RatePlanComparisonToolNumberOfCustomers" xlink:label="loc_pnw_RatePlanComparisonToolNumberOfCustomers_65BE40085EC6489416D8EA8196847972" xlink:type="locator"/>
<link:presentationArc order="29" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_RatePlanComparisonToolNumberOfCustomers_65BE40085EC6489416D8EA8196847972" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RatePlanComparisonToolInconveniencePayment" xlink:label="loc_pnw_RatePlanComparisonToolInconveniencePayment_7501CC61F327DF5E6E3CEA8196844893" xlink:type="locator"/>
<link:presentationArc order="30" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_RatePlanComparisonToolInconveniencePayment_7501CC61F327DF5E6E3CEA8196844893" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegulatoryMattersDemandSideManagementFunds" xlink:label="loc_pnw_RegulatoryMattersDemandSideManagementFunds_E461B9ECEEE53A8CEEE3EA819685A26D" xlink:type="locator"/>
<link:presentationArc order="31" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_DD6EE7DFFACFF6AACA61EA81967BE5F0" xlink:to="loc_pnw_RegulatoryMattersDemandSideManagementFunds_E461B9ECEEE53A8CEEE3EA819685A26D" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RegulatoryMattersFourCornersAndChollaDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatedOperationsAbstract" xlink:label="loc_us-gaap_RegulatedOperationsAbstract_DF292FA69BD7E09C0577A3C5E45BD9F6" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_C4201E08EBCA8086A2D0A3C5E45B7976" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_DF292FA69BD7E09C0577A3C5E45BD9F6" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_C4201E08EBCA8086A2D0A3C5E45B7976" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EnvironmentalRemediationSiteAxis" xlink:label="loc_us-gaap_EnvironmentalRemediationSiteAxis_FB3C1866EF5FFB2AAC21A3C5E45BFB6A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_C4201E08EBCA8086A2D0A3C5E45B7976" xlink:to="loc_us-gaap_EnvironmentalRemediationSiteAxis_FB3C1866EF5FFB2AAC21A3C5E45BFB6A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EnvironmentalRemediationSiteDomain" xlink:label="loc_us-gaap_EnvironmentalRemediationSiteDomain_7F214EF83EB19DB10086A3C5E45B92F2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EnvironmentalRemediationSiteAxis_FB3C1866EF5FFB2AAC21A3C5E45BFB6A" xlink:to="loc_us-gaap_EnvironmentalRemediationSiteDomain_7F214EF83EB19DB10086A3C5E45B92F2" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_FourCornersMember" xlink:label="loc_pnw_FourCornersMember_2D94E7E04952E76B74D5A3C5E45CCAA2" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EnvironmentalRemediationSiteDomain_7F214EF83EB19DB10086A3C5E45B92F2" xlink:to="loc_pnw_FourCornersMember_2D94E7E04952E76B74D5A3C5E45CCAA2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAssetAxis" xlink:label="loc_us-gaap_RegulatoryAssetAxis_C8318EECD9FEC96300A1A3C5E45C2C9E" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_C4201E08EBCA8086A2D0A3C5E45B7976" xlink:to="loc_us-gaap_RegulatoryAssetAxis_C8318EECD9FEC96300A1A3C5E45C2C9E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAssetDomain" xlink:label="loc_us-gaap_RegulatoryAssetDomain_DAAE5EB64FFEA77CF936A3C5E45CB827" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetAxis_C8318EECD9FEC96300A1A3C5E45C2C9E" xlink:to="loc_us-gaap_RegulatoryAssetDomain_DAAE5EB64FFEA77CF936A3C5E45CB827" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_FourCornersCostDeferralMember" xlink:label="loc_pnw_FourCornersCostDeferralMember_3BDD2EB5A7F606038873A3C5E45DE477" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_DAAE5EB64FFEA77CF936A3C5E45CB827" xlink:to="loc_pnw_FourCornersCostDeferralMember_3BDD2EB5A7F606038873A3C5E45DE477" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RetiredPowerPlantCostsMember" xlink:label="loc_pnw_RetiredPowerPlantCostsMember_1E0279EB8A1333C56CFFA3C5E45D0AF7" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_DAAE5EB64FFEA77CF936A3C5E45CB827" xlink:to="loc_pnw_RetiredPowerPlantCostsMember_1E0279EB8A1333C56CFFA3C5E45D0AF7" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_NavajoPlantMember" xlink:label="loc_pnw_NavajoPlantMember_70AC50329EE30793D148A3C5E45DF1E7" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_DAAE5EB64FFEA77CF936A3C5E45CB827" xlink:to="loc_pnw_NavajoPlantMember_70AC50329EE30793D148A3C5E45DF1E7" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_F66CD78B1992FD21B7CBA3C5E45D638F" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_C4201E08EBCA8086A2D0A3C5E45B7976" xlink:to="loc_dei_LegalEntityAxis_F66CD78B1992FD21B7CBA3C5E45D638F" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_C33736DB4B735A60C9ABA3C5E45D3EDE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_F66CD78B1992FD21B7CBA3C5E45D638F" xlink:to="loc_dei_EntityDomain_C33736DB4B735A60C9ABA3C5E45D3EDE" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_70B4BC2739A216969A60A3C5E45D9AC7" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_C33736DB4B735A60C9ABA3C5E45D3EDE" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_70B4BC2739A216969A60A3C5E45D9AC7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_94F25CECD2C4C38AEEAEA3C5E45EC024" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_C4201E08EBCA8086A2D0A3C5E45B7976" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_94F25CECD2C4C38AEEAEA3C5E45EC024" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_FABE667E5697F8C608E6A3C5E45ED41E" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_94F25CECD2C4C38AEEAEA3C5E45EC024" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_FABE667E5697F8C608E6A3C5E45ED41E" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SouthernCaliforniaEdisonCompanyMember" xlink:label="loc_pnw_SouthernCaliforniaEdisonCompanyMember_3370B1AAE15B7B693F8FA3C5E45E339B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_FABE667E5697F8C608E6A3C5E45ED41E" xlink:to="loc_pnw_SouthernCaliforniaEdisonCompanyMember_3370B1AAE15B7B693F8FA3C5E45E339B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantAxis_696302C6E07AF44A76C0A3C5E45E92C2" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_C4201E08EBCA8086A2D0A3C5E45B7976" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantAxis_696302C6E07AF44A76C0A3C5E45E92C2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="loc_us-gaap_JointlyOwnedUtilityPlantDomain_2C540B547F03FA9BFA6DA3C5E45F83B9" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantAxis_696302C6E07AF44A76C0A3C5E45E92C2" xlink:to="loc_us-gaap_JointlyOwnedUtilityPlantDomain_2C540B547F03FA9BFA6DA3C5E45F83B9" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_FourCornersUnits4And5Member" xlink:label="loc_pnw_FourCornersUnits4And5Member_FDE7095540E3BDDE6936A3C5E45FD3E5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_JointlyOwnedUtilityPlantDomain_2C540B547F03FA9BFA6DA3C5E45F83B9" xlink:to="loc_pnw_FourCornersUnits4And5Member_FDE7095540E3BDDE6936A3C5E45FD3E5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessAcquisitionLineItems" xlink:label="loc_us-gaap_BusinessAcquisitionLineItems_6EF08C1345F2DD5B1075A3C5E45FD2D9" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_C4201E08EBCA8086A2D0A3C5E45B7976" xlink:to="loc_us-gaap_BusinessAcquisitionLineItems_6EF08C1345F2DD5B1075A3C5E45FD2D9" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SettlementagreementACCapprovedrateadjustmentannualizedcustomerimpact" xlink:label="loc_pnw_SettlementagreementACCapprovedrateadjustmentannualizedcustomerimpact_E10C3B19E070CF5BA02AA3C5E45F0730" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_6EF08C1345F2DD5B1075A3C5E45FD2D9" xlink:to="loc_pnw_SettlementagreementACCapprovedrateadjustmentannualizedcustomerimpact_E10C3B19E070CF5BA02AA3C5E45F0730" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegulatoryAssetNetBookValue" xlink:label="loc_pnw_RegulatoryAssetNetBookValue_8AF7A2D94899CDE63DB6A3C5E4607231" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_6EF08C1345F2DD5B1075A3C5E45FD2D9" xlink:to="loc_pnw_RegulatoryAssetNetBookValue_8AF7A2D94899CDE63DB6A3C5E4607231" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RegulatoryMattersRegulatoryMattersCapitalStructureAndCostsOfCapitalDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatedOperationsAbstract" xlink:label="loc_us-gaap_RegulatedOperationsAbstract_322A810A7C8F5E12AA0818DB3B7F50B0" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresTable" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_69196172B0B55DBA968757054D9DC4DE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_322A810A7C8F5E12AA0818DB3B7F50B0" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_69196172B0B55DBA968757054D9DC4DE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_C294771CAA22537280F247D991730999" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_69196172B0B55DBA968757054D9DC4DE" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_C294771CAA22537280F247D991730999" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_5165958D76C55008958519C543AC1C1A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_C294771CAA22537280F247D991730999" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_5165958D76C55008958519C543AC1C1A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_456A4AC45CF55CE1BFC141CC19233E6D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_5165958D76C55008958519C543AC1C1A" xlink:to="loc_us-gaap_SubsequentEventMember_456A4AC45CF55CE1BFC141CC19233E6D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesRegulatoryProceedingAxis" xlink:label="loc_us-gaap_PublicUtilitiesRegulatoryProceedingAxis_9F0FAD8EE47954DBBACA555F33E76163" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_69196172B0B55DBA968757054D9DC4DE" xlink:to="loc_us-gaap_PublicUtilitiesRegulatoryProceedingAxis_9F0FAD8EE47954DBBACA555F33E76163" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesRegulatoryProceedingDomain" xlink:label="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_D7704C8DF23D532F832141A0AC5F0C50" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRegulatoryProceedingAxis_9F0FAD8EE47954DBBACA555F33E76163" xlink:to="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_D7704C8DF23D532F832141A0AC5F0C50" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RetailRateCaseFilingwithArizonaCorporationCommissionMember" xlink:label="loc_pnw_RetailRateCaseFilingwithArizonaCorporationCommissionMember_FF92AA729C125284B7D445874DF9D986" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_D7704C8DF23D532F832141A0AC5F0C50" xlink:to="loc_pnw_RetailRateCaseFilingwithArizonaCorporationCommissionMember_FF92AA729C125284B7D445874DF9D986" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAgencyAxis" xlink:label="loc_us-gaap_RegulatoryAgencyAxis_66CE5986B7C756F0A373274AAECD87C1" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_69196172B0B55DBA968757054D9DC4DE" xlink:to="loc_us-gaap_RegulatoryAgencyAxis_66CE5986B7C756F0A373274AAECD87C1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAgencyDomain" xlink:label="loc_us-gaap_RegulatoryAgencyDomain_879F9503BC6150B997B9C70DDA2E5E75" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyAxis_66CE5986B7C756F0A373274AAECD87C1" xlink:to="loc_us-gaap_RegulatoryAgencyDomain_879F9503BC6150B997B9C70DDA2E5E75" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaCorporationCommissionMember" xlink:label="loc_pnw_ArizonaCorporationCommissionMember_B746C71BDF5D53E681251E637E4EEB25" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyDomain_879F9503BC6150B997B9C70DDA2E5E75" xlink:to="loc_pnw_ArizonaCorporationCommissionMember_B746C71BDF5D53E681251E637E4EEB25" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_EDE3FFB2ED1D5F2FA6B58653752BB2D7" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_69196172B0B55DBA968757054D9DC4DE" xlink:to="loc_dei_LegalEntityAxis_EDE3FFB2ED1D5F2FA6B58653752BB2D7" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_AE8DC59E133E56A0B7B9363679A89730" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_EDE3FFB2ED1D5F2FA6B58653752BB2D7" xlink:to="loc_dei_EntityDomain_AE8DC59E133E56A0B7B9363679A89730" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_CB55C2F99788507EA466FD259F1BC188" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_AE8DC59E133E56A0B7B9363679A89730" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_CB55C2F99788507EA466FD259F1BC188" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresLineItems" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_C84288D58C6152859E625029AFCA1624" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_69196172B0B55DBA968757054D9DC4DE" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_C84288D58C6152859E625029AFCA1624" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_CapitalStructureAbstract" xlink:label="loc_pnw_CapitalStructureAbstract_26813B661C8759AFA7CCC4C208DC00AF" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_C84288D58C6152859E625029AFCA1624" xlink:to="loc_pnw_CapitalStructureAbstract_26813B661C8759AFA7CCC4C208DC00AF" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesRequestedDebtCapitalStructurePercentage" xlink:label="loc_us-gaap_PublicUtilitiesRequestedDebtCapitalStructurePercentage_2823610FA49657F79A251F340473D6A7" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CapitalStructureAbstract_26813B661C8759AFA7CCC4C208DC00AF" xlink:to="loc_us-gaap_PublicUtilitiesRequestedDebtCapitalStructurePercentage_2823610FA49657F79A251F340473D6A7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesRequestedEquityCapitalStructurePercentage" xlink:label="loc_us-gaap_PublicUtilitiesRequestedEquityCapitalStructurePercentage_A46D87785671577BBF29A7B8FB5C8682" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CapitalStructureAbstract_26813B661C8759AFA7CCC4C208DC00AF" xlink:to="loc_us-gaap_PublicUtilitiesRequestedEquityCapitalStructurePercentage_A46D87785671577BBF29A7B8FB5C8682" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_CostOfCapitalAbstract" xlink:label="loc_pnw_CostOfCapitalAbstract_F56B0CBA34C9504D9686722917258E50" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_C84288D58C6152859E625029AFCA1624" xlink:to="loc_pnw_CostOfCapitalAbstract_F56B0CBA34C9504D9686722917258E50" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilitiesRequestedLongtermDebtCostOfCapitalPercentage" xlink:label="loc_pnw_PublicUtilitiesRequestedLongtermDebtCostOfCapitalPercentage_E88AF91475EB5ADE80117E3D44DA1F0A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CostOfCapitalAbstract_F56B0CBA34C9504D9686722917258E50" xlink:to="loc_pnw_PublicUtilitiesRequestedLongtermDebtCostOfCapitalPercentage_E88AF91475EB5ADE80117E3D44DA1F0A" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilitiesRequestedEquityCostOfCapitalPercentage" xlink:label="loc_pnw_PublicUtilitiesRequestedEquityCostOfCapitalPercentage_A593928FD25C568384521ABD709E2F7F" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CostOfCapitalAbstract_F56B0CBA34C9504D9686722917258E50" xlink:to="loc_pnw_PublicUtilitiesRequestedEquityCostOfCapitalPercentage_A593928FD25C568384521ABD709E2F7F" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilitiesRequestedWeightedAverageCostOfCapitalPercentage" xlink:label="loc_pnw_PublicUtilitiesRequestedWeightedAverageCostOfCapitalPercentage_B29A2E8DAED55E2EBF5E28272FD7B31A" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_CostOfCapitalAbstract_F56B0CBA34C9504D9686722917258E50" xlink:to="loc_pnw_PublicUtilitiesRequestedWeightedAverageCostOfCapitalPercentage_B29A2E8DAED55E2EBF5E28272FD7B31A" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RegulatoryMattersRegulatoryMattersCovid19Details" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatedOperationsAbstract" xlink:label="loc_us-gaap_RegulatedOperationsAbstract_6E2C1C22970C54551056EB729442DDB9" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresTable" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7E54772F599083452DC6EB7294421349" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_6E2C1C22970C54551056EB729442DDB9" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7E54772F599083452DC6EB7294421349" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeAxis" xlink:label="loc_srt_RangeAxis_4B453F3F659C06690CC6EB72944338B5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7E54772F599083452DC6EB7294421349" xlink:to="loc_srt_RangeAxis_4B453F3F659C06690CC6EB72944338B5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeMember" xlink:label="loc_srt_RangeMember_0689F76EB7E07E222D83EB729443F98D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_4B453F3F659C06690CC6EB72944338B5" xlink:to="loc_srt_RangeMember_0689F76EB7E07E222D83EB729443F98D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MinimumMember" xlink:label="loc_srt_MinimumMember_AB349742AA6D5635AB51EB72944410F5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_0689F76EB7E07E222D83EB729443F98D" xlink:to="loc_srt_MinimumMember_AB349742AA6D5635AB51EB72944410F5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MaximumMember" xlink:label="loc_srt_MaximumMember_C067162023AF637DE4A6EB729444BBBE" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_0689F76EB7E07E222D83EB729443F98D" xlink:to="loc_srt_MaximumMember_C067162023AF637DE4A6EB729444BBBE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_8096C4DA41F141FE5646EB7294442A6C" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7E54772F599083452DC6EB7294421349" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_8096C4DA41F141FE5646EB7294442A6C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_45FD8821691E74E86E08EB7294446612" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_8096C4DA41F141FE5646EB7294442A6C" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_45FD8821691E74E86E08EB7294446612" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_5D563EBFF58E286ABC69EB7294451B84" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_45FD8821691E74E86E08EB7294446612" xlink:to="loc_us-gaap_SubsequentEventMember_5D563EBFF58E286ABC69EB7294451B84" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingenciesByNatureOfContingencyAxis" xlink:label="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_CA22584AE0697306663CEB7294452036" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7E54772F599083452DC6EB7294421349" xlink:to="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_CA22584AE0697306663CEB7294452036" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingencyNatureDomain" xlink:label="loc_us-gaap_LossContingencyNatureDomain_CDEFA2DDDB67CD513A0EEB72944518B5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingenciesByNatureOfContingencyAxis_CA22584AE0697306663CEB7294452036" xlink:to="loc_us-gaap_LossContingencyNatureDomain_CDEFA2DDDB67CD513A0EEB72944518B5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DamageFromFireExplosionOrOtherHazardMember" xlink:label="loc_us-gaap_DamageFromFireExplosionOrOtherHazardMember_6193B652931E3B346EE9EB729446B711" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LossContingencyNatureDomain_CDEFA2DDDB67CD513A0EEB72944518B5" xlink:to="loc_us-gaap_DamageFromFireExplosionOrOtherHazardMember_6193B652931E3B346EE9EB729446B711" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_StatementScenarioAxis" xlink:label="loc_srt_StatementScenarioAxis_4CFDB73225ECEFAAC85FEB72944605FE" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7E54772F599083452DC6EB7294421349" xlink:to="loc_srt_StatementScenarioAxis_4CFDB73225ECEFAAC85FEB72944605FE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ScenarioUnspecifiedDomain" xlink:label="loc_srt_ScenarioUnspecifiedDomain_66860847A4FE4B05D137EB7294465CF0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementScenarioAxis_4CFDB73225ECEFAAC85FEB72944605FE" xlink:to="loc_srt_ScenarioUnspecifiedDomain_66860847A4FE4B05D137EB7294465CF0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ScenarioForecastMember" xlink:label="loc_srt_ScenarioForecastMember_535EF839FBCE0167C04AEB7294477579" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScenarioUnspecifiedDomain_66860847A4FE4B05D137EB7294465CF0" xlink:to="loc_srt_ScenarioForecastMember_535EF839FBCE0167C04AEB7294477579" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_74CCC8CB1EDF4CB28049EB7294474F4E" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7E54772F599083452DC6EB7294421349" xlink:to="loc_dei_LegalEntityAxis_74CCC8CB1EDF4CB28049EB7294474F4E" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_7BEC2A5F9FEFCEB06860EB7294477854" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_74CCC8CB1EDF4CB28049EB7294474F4E" xlink:to="loc_dei_EntityDomain_7BEC2A5F9FEFCEB06860EB7294477854" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_D8D895FBC6E05AC8AEBDEB729448CA49" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_7BEC2A5F9FEFCEB06860EB7294477854" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_D8D895FBC6E05AC8AEBDEB729448CA49" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresLineItems" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_8B282CF518877CF3612DEB7294480827" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_7E54772F599083452DC6EB7294421349" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_8B282CF518877CF3612DEB7294480827" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_DB0C4B4A0FE03FE45978EB729448A58A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_8B282CF518877CF3612DEB7294480827" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_DB0C4B4A0FE03FE45978EB729448A58A" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegulatoryMattersCustomerSupportFund" xlink:label="loc_pnw_RegulatoryMattersCustomerSupportFund_853D796C452E8D05C95FEB7294481EB6" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_8B282CF518877CF3612DEB7294480827" xlink:to="loc_pnw_RegulatoryMattersCustomerSupportFund_853D796C452E8D05C95FEB7294481EB6" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegulatoryMattersCustomerSupportFundBillCredit" xlink:label="loc_pnw_RegulatoryMattersCustomerSupportFundBillCredit_A78F68A114EC1FC1225AEB72944922A2" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_8B282CF518877CF3612DEB7294480827" xlink:to="loc_pnw_RegulatoryMattersCustomerSupportFundBillCredit_A78F68A114EC1FC1225AEB72944922A2" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegulatoryMattersDemandSideManagementFunds" xlink:label="loc_pnw_RegulatoryMattersDemandSideManagementFunds_E2F4920D7377676B05D5EB729449B9BC" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_8B282CF518877CF3612DEB7294480827" xlink:to="loc_pnw_RegulatoryMattersDemandSideManagementFunds_E2F4920D7377676B05D5EB729449B9BC" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegulatoryMattersVoluntaryFunds" xlink:label="loc_pnw_RegulatoryMattersVoluntaryFunds_C160D4602CBCF9305A9EEB77C285A3CE" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_8B282CF518877CF3612DEB7294480827" xlink:to="loc_pnw_RegulatoryMattersVoluntaryFunds_C160D4602CBCF9305A9EEB77C285A3CE" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RegulatoryMattersRetailRateCaseFilingDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatedOperationsAbstract" xlink:label="loc_us-gaap_RegulatedOperationsAbstract_1F33243BE19D3403913C7F33CC058391" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresTable" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_215223C5CE63F536FE5E7F33CC05EE5A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_1F33243BE19D3403913C7F33CC058391" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_215223C5CE63F536FE5E7F33CC05EE5A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_StatementScenarioAxis" xlink:label="loc_srt_StatementScenarioAxis_D6C7730B5E38F24981C57F33CC057FFC" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_215223C5CE63F536FE5E7F33CC05EE5A" xlink:to="loc_srt_StatementScenarioAxis_D6C7730B5E38F24981C57F33CC057FFC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ScenarioUnspecifiedDomain" xlink:label="loc_srt_ScenarioUnspecifiedDomain_2CE5EDF9DE5640B04B927F33CC063830" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementScenarioAxis_D6C7730B5E38F24981C57F33CC057FFC" xlink:to="loc_srt_ScenarioUnspecifiedDomain_2CE5EDF9DE5640B04B927F33CC063830" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ScenarioForecastMember" xlink:label="loc_srt_ScenarioForecastMember_DB6B812C1A433E0B90207F33CC064CB4" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScenarioUnspecifiedDomain_2CE5EDF9DE5640B04B927F33CC063830" xlink:to="loc_srt_ScenarioForecastMember_DB6B812C1A433E0B90207F33CC064CB4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_A77448ADDA90A77328E47F33CC068D84" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_215223C5CE63F536FE5E7F33CC05EE5A" xlink:to="loc_us-gaap_SubsequentEventTypeAxis_A77448ADDA90A77328E47F33CC068D84" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_CA4A11A6E13B8AE94CF57F33CC06B22B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_A77448ADDA90A77328E47F33CC068D84" xlink:to="loc_us-gaap_SubsequentEventTypeDomain_CA4A11A6E13B8AE94CF57F33CC06B22B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="loc_us-gaap_SubsequentEventMember_52A49471EB75D7074DAF7F33CC07A17A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_CA4A11A6E13B8AE94CF57F33CC06B22B" xlink:to="loc_us-gaap_SubsequentEventMember_52A49471EB75D7074DAF7F33CC07A17A" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeAxis" xlink:label="loc_srt_RangeAxis_F0FAE8492CDEC52582827F33CC0C13CB" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_215223C5CE63F536FE5E7F33CC05EE5A" xlink:to="loc_srt_RangeAxis_F0FAE8492CDEC52582827F33CC0C13CB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeMember" xlink:label="loc_srt_RangeMember_8F194D4B744E0E6714B87F33CC0CB612" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_F0FAE8492CDEC52582827F33CC0C13CB" xlink:to="loc_srt_RangeMember_8F194D4B744E0E6714B87F33CC0CB612" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MinimumMember" xlink:label="loc_srt_MinimumMember_4F2ED9922119894C47107F33CC0D9855" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_8F194D4B744E0E6714B87F33CC0CB612" xlink:to="loc_srt_MinimumMember_4F2ED9922119894C47107F33CC0D9855" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MaximumMember" xlink:label="loc_srt_MaximumMember_395677F6D5E50D320D8E7F33CC0DBEA0" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_8F194D4B744E0E6714B87F33CC0CB612" xlink:to="loc_srt_MaximumMember_395677F6D5E50D320D8E7F33CC0DBEA0" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilityProgramAxis" xlink:label="loc_pnw_PublicUtilityProgramAxis_044122FFAB4EA59207AE7F33CC0D8613" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_215223C5CE63F536FE5E7F33CC05EE5A" xlink:to="loc_pnw_PublicUtilityProgramAxis_044122FFAB4EA59207AE7F33CC0D8613" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilityProgramDomain" xlink:label="loc_pnw_PublicUtilityProgramDomain_6700A3501CC602D709847F33CC0DE48B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_PublicUtilityProgramAxis_044122FFAB4EA59207AE7F33CC0D8613" xlink:to="loc_pnw_PublicUtilityProgramDomain_6700A3501CC602D709847F33CC0DE48B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AZSunProgramPhase2Member" xlink:label="loc_pnw_AZSunProgramPhase2Member_47206CDAD9BFC83D934A7F33CC0D7F42" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_PublicUtilityProgramDomain_6700A3501CC602D709847F33CC0DE48B" xlink:to="loc_pnw_AZSunProgramPhase2Member_47206CDAD9BFC83D934A7F33CC0D7F42" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesRegulatoryProceedingAxis" xlink:label="loc_us-gaap_PublicUtilitiesRegulatoryProceedingAxis_0A91DD663BC583F001757F33CC0E6C88" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_215223C5CE63F536FE5E7F33CC05EE5A" xlink:to="loc_us-gaap_PublicUtilitiesRegulatoryProceedingAxis_0A91DD663BC583F001757F33CC0E6C88" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesRegulatoryProceedingDomain" xlink:label="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_669C08B2B0ED0EA6D1B37F33CC0EDE2B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRegulatoryProceedingAxis_0A91DD663BC583F001757F33CC0E6C88" xlink:to="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_669C08B2B0ED0EA6D1B37F33CC0EDE2B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RetailRateCaseFilingwithArizonaCorporationCommissionMember" xlink:label="loc_pnw_RetailRateCaseFilingwithArizonaCorporationCommissionMember_4A2726BC1309A9A0634F7F33CC0E0F44" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_669C08B2B0ED0EA6D1B37F33CC0EDE2B" xlink:to="loc_pnw_RetailRateCaseFilingwithArizonaCorporationCommissionMember_4A2726BC1309A9A0634F7F33CC0E0F44" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAgencyAxis" xlink:label="loc_us-gaap_RegulatoryAgencyAxis_BF36A3E3E3233C0D079D7F33CC0EE7F0" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_215223C5CE63F536FE5E7F33CC05EE5A" xlink:to="loc_us-gaap_RegulatoryAgencyAxis_BF36A3E3E3233C0D079D7F33CC0EE7F0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAgencyDomain" xlink:label="loc_us-gaap_RegulatoryAgencyDomain_1DD71135407C699713207F33CC0F1B1C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyAxis_BF36A3E3E3233C0D079D7F33CC0EE7F0" xlink:to="loc_us-gaap_RegulatoryAgencyDomain_1DD71135407C699713207F33CC0F1B1C" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaCorporationCommissionMember" xlink:label="loc_pnw_ArizonaCorporationCommissionMember_1022669CF1967D28859E7F33CC0F04D0" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyDomain_1DD71135407C699713207F33CC0F1B1C" xlink:to="loc_pnw_ArizonaCorporationCommissionMember_1022669CF1967D28859E7F33CC0F04D0" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_0F7B99AA468192929E017F33CC0F4E09" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_215223C5CE63F536FE5E7F33CC05EE5A" xlink:to="loc_dei_LegalEntityAxis_0F7B99AA468192929E017F33CC0F4E09" xlink:type="arc"/>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_1A9BD0B480AB3A9606CD7F33CC0F4CEE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_LegalEntityAxis_0F7B99AA468192929E017F33CC0F4E09" xlink:to="loc_dei_EntityDomain_1A9BD0B480AB3A9606CD7F33CC0F4CEE" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaPublicServiceCompanyMember" xlink:label="loc_pnw_ArizonaPublicServiceCompanyMember_E143D1CD71947C9E83D57F33CC102AFC" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityDomain_1A9BD0B480AB3A9606CD7F33CC0F4CEE" xlink:to="loc_pnw_ArizonaPublicServiceCompanyMember_E143D1CD71947C9E83D57F33CC102AFC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresLineItems" xlink:label="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresTable_215223C5CE63F536FE5E7F33CC05EE5A" xlink:to="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegulatoryImpactOperatingResults" xlink:label="loc_pnw_RegulatoryImpactOperatingResults_0F4E6228AE952378A6E07F33CC10539D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_pnw_RegulatoryImpactOperatingResults_0F4E6228AE952378A6E07F33CC10539D" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_BaseRateDecreaseEliminationofTaxExpenseAdjustmentMechanism" xlink:label="loc_pnw_BaseRateDecreaseEliminationofTaxExpenseAdjustmentMechanism_06BA6137E85396A8D4767F33CC10D2A3" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_pnw_BaseRateDecreaseEliminationofTaxExpenseAdjustmentMechanism_06BA6137E85396A8D4767F33CC10D2A3" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMatterApproximatePercentageofIncreaseinAverageCustomerBill" xlink:label="loc_pnw_RateMatterApproximatePercentageofIncreaseinAverageCustomerBill_AE74DDBFDFC36354263F7F33CC10BBCE" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_pnw_RateMatterApproximatePercentageofIncreaseinAverageCustomerBill_AE74DDBFDFC36354263F7F33CC10BBCE" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMatterCostBaseRate" xlink:label="loc_pnw_RateMatterCostBaseRate_DC845FEB53DFBE8244CE7F33CC114650" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_pnw_RateMatterCostBaseRate_DC845FEB53DFBE8244CE7F33CC114650" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SettlementAgreementNetRetailBaseRateIncrease" xlink:label="loc_pnw_SettlementAgreementNetRetailBaseRateIncrease_E815D87959D1EEB1A46C7F33CC1109DA" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_pnw_SettlementAgreementNetRetailBaseRateIncrease_E815D87959D1EEB1A46C7F33CC1109DA" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SettlementAgreementNonFuelandNonDepreciationBaseRateIncrease" xlink:label="loc_pnw_SettlementAgreementNonFuelandNonDepreciationBaseRateIncrease_88903F2D9C8DCE7163AA7F33CC11C9A2" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_pnw_SettlementAgreementNonFuelandNonDepreciationBaseRateIncrease_88903F2D9C8DCE7163AA7F33CC11C9A2" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SettlementAgreementFuelRelatedBaseRateDecrease" xlink:label="loc_pnw_SettlementAgreementFuelRelatedBaseRateDecrease_CA16B63B48A75D83EEE37F33CC11DF0A" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_pnw_SettlementAgreementFuelRelatedBaseRateDecrease_CA16B63B48A75D83EEE37F33CC11DF0A" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SettlementAgreementBaseRateIncreaseChangesinDepreciationSchedules" xlink:label="loc_pnw_SettlementAgreementBaseRateIncreaseChangesinDepreciationSchedules_244BCA517573E32DDB587F33CC113C93" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_pnw_SettlementAgreementBaseRateIncreaseChangesinDepreciationSchedules_244BCA517573E32DDB587F33CC113C93" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMatterApproximatePercentageofIncreaseinAverageResidentialCustomerBill" xlink:label="loc_pnw_RateMatterApproximatePercentageofIncreaseinAverageResidentialCustomerBill_1B48824B038A6D448A027F33CC11D997" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_pnw_RateMatterApproximatePercentageofIncreaseinAverageResidentialCustomerBill_1B48824B038A6D448A027F33CC11D997" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesApprovedReturnOnEquityPercentage" xlink:label="loc_us-gaap_PublicUtilitiesApprovedReturnOnEquityPercentage_35F288E4C24026AF9CDC7F33CC125AAC" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_us-gaap_PublicUtilitiesApprovedReturnOnEquityPercentage_35F288E4C24026AF9CDC7F33CC125AAC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesApprovedDebtCapitalStructurePercentage" xlink:label="loc_us-gaap_PublicUtilitiesApprovedDebtCapitalStructurePercentage_A348AAA843B7F549F6237F33CC1223EB" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_us-gaap_PublicUtilitiesApprovedDebtCapitalStructurePercentage_A348AAA843B7F549F6237F33CC1223EB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PublicUtilitiesApprovedEquityCapitalStructurePercentage" xlink:label="loc_us-gaap_PublicUtilitiesApprovedEquityCapitalStructurePercentage_D2E75596E4D57913E5097F33CC12B50F" xlink:type="locator"/>
<link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_us-gaap_PublicUtilitiesApprovedEquityCapitalStructurePercentage_D2E75596E4D57913E5097F33CC12B50F" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilitiesMinimumAnnualRenewableEnergyStandardandTariff" xlink:label="loc_pnw_PublicUtilitiesMinimumAnnualRenewableEnergyStandardandTariff_974A59B0B8888E99A4D57F33CC124466" xlink:type="locator"/>
<link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_pnw_PublicUtilitiesMinimumAnnualRenewableEnergyStandardandTariff_974A59B0B8888E99A4D57F33CC124466" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PublicUtilitiesMaximumAnnualRenewableEnergyStandardandTariff" xlink:label="loc_pnw_PublicUtilitiesMaximumAnnualRenewableEnergyStandardandTariff_2999B7EB33408132D4487F33CC127A90" xlink:type="locator"/>
<link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_pnw_PublicUtilitiesMaximumAnnualRenewableEnergyStandardandTariff_2999B7EB33408132D4487F33CC127A90" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMatterEnvironmentalSurchargeCapRate1" xlink:label="loc_pnw_RateMatterEnvironmentalSurchargeCapRate1_B43EEE4D0E78FC172EF37F33CC126F63" xlink:type="locator"/>
<link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_pnw_RateMatterEnvironmentalSurchargeCapRate1_B43EEE4D0E78FC172EF37F33CC126F63" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMatterResourceComparisonProxyforExportedEnergy1" xlink:label="loc_pnw_RateMatterResourceComparisonProxyforExportedEnergy1_DBB777D782F7F1C3470A7F33CC121DCE" xlink:type="locator"/>
<link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_pnw_RateMatterResourceComparisonProxyforExportedEnergy1_DBB777D782F7F1C3470A7F33CC121DCE" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RateMatterFundingLimitedIncomeCrisisBillProgram" xlink:label="loc_pnw_RateMatterFundingLimitedIncomeCrisisBillProgram_ECFD3E14A0489B90BC417F33CC13336E" xlink:type="locator"/>
<link:presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_pnw_RateMatterFundingLimitedIncomeCrisisBillProgram_ECFD3E14A0489B90BC417F33CC13336E" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_CommercialCustomersMarketPricingThreshold" xlink:label="loc_pnw_CommercialCustomersMarketPricingThreshold_04F2C680C975080931457F33CC134598" xlink:type="locator"/>
<link:presentationArc order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_21A8A6C33A48464DDBDA7F33CC105720" xlink:to="loc_pnw_CommercialCustomersMarketPricingThreshold_04F2C680C975080931457F33CC134598" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RegulatoryMattersScheduleOfRegulatoryAssetsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatedOperationsAbstract" xlink:label="loc_us-gaap_RegulatedOperationsAbstract_88034E255F27BE25AB0D7F33CBADF242" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfRegulatoryAssetsTable" xlink:label="loc_us-gaap_ScheduleOfRegulatoryAssetsTable_AAD362918B5D18AE81157F33CBAD9ACA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_88034E255F27BE25AB0D7F33CBADF242" xlink:to="loc_us-gaap_ScheduleOfRegulatoryAssetsTable_AAD362918B5D18AE81157F33CBAD9ACA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAssetAxis" xlink:label="loc_us-gaap_RegulatoryAssetAxis_CD29C5E03F4587B686697F33CBAD704C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRegulatoryAssetsTable_AAD362918B5D18AE81157F33CBAD9ACA" xlink:to="loc_us-gaap_RegulatoryAssetAxis_CD29C5E03F4587B686697F33CBAD704C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAssetDomain" xlink:label="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetAxis_CD29C5E03F4587B686697F33CBAD704C" xlink:to="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_PensionMember" xlink:label="loc_pnw_PensionMember_B870F00157B0CE4ADC797F33CBAD1B21" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_PensionMember_B870F00157B0CE4ADC797F33CBAD1B21" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RetiredPowerPlantCostsMember" xlink:label="loc_pnw_RetiredPowerPlantCostsMember_D5532ADEA9354FA6BEA27F33CBAD3F98" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_RetiredPowerPlantCostsMember_D5532ADEA9354FA6BEA27F33CBAD3F98" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredIncomeTaxChargesMember" xlink:label="loc_us-gaap_DeferredIncomeTaxChargesMember_E24E3ED4781AA47290837F33CBAD729B" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_us-gaap_DeferredIncomeTaxChargesMember_E24E3ED4781AA47290837F33CBAD729B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DeferredFuelAndPurchasedPowerMTMCostsMember" xlink:label="loc_pnw_DeferredFuelAndPurchasedPowerMTMCostsMember_A3BFE42E4540916A9C587F33CBAD853E" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_DeferredFuelAndPurchasedPowerMTMCostsMember_A3BFE42E4540916A9C587F33CBAD853E" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DeferredFuelandPurchasedPowerMember" xlink:label="loc_pnw_DeferredFuelandPurchasedPowerMember_667025C4CF4D7E0976C67F33CBADD719" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_DeferredFuelandPurchasedPowerMember_667025C4CF4D7E0976C67F33CBADD719" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DeferredPropertyTaxesMember" xlink:label="loc_pnw_DeferredPropertyTaxesMember_9E7D9F52894E7AC3976F7F33CBADADF3" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_DeferredPropertyTaxesMember_9E7D9F52894E7AC3976F7F33CBADADF3" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SCRDeferralMember" xlink:label="loc_pnw_SCRDeferralMember_2A6DEB1BA510221080007F33CBADFA2C" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_SCRDeferralMember_2A6DEB1BA510221080007F33CBADFA2C" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_OctotilloDeferralMember" xlink:label="loc_pnw_OctotilloDeferralMember_37A64A657ACD36C3E5137F33CBAD3E1D" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_OctotilloDeferralMember_37A64A657ACD36C3E5137F33CBAD3E1D" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_FourCornersCostDeferralMember" xlink:label="loc_pnw_FourCornersCostDeferralMember_CB3DDD42FAECC7B443607F33CBAD78E1" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_FourCornersCostDeferralMember_CB3DDD42FAECC7B443607F33CBAD78E1" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DeferredCompensationMember" xlink:label="loc_pnw_DeferredCompensationMember_219A0E8DBCEF654573667F33CBAD42FC" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_DeferredCompensationMember_219A0E8DBCEF654573667F33CBAD42FC" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_LostFixedCostRecoveryMember" xlink:label="loc_pnw_LostFixedCostRecoveryMember_DA960C092DA731A7921F7F33CBAD8FDD" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_LostFixedCostRecoveryMember_DA960C092DA731A7921F7F33CBAD8FDD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentCreditMember" xlink:label="loc_us-gaap_InvestmentCreditMember_93D649D3C32EA5E00EBD7F33CBAD6B95" xlink:type="locator"/>
<link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_us-gaap_InvestmentCreditMember_93D649D3C32EA5E00EBD7F33CBAD6B95" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_C1169EA5BB55E9FCA09B7F33CBADBAFF" xlink:type="locator"/>
<link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_C1169EA5BB55E9FCA09B7F33CBADBAFF" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_CoalReclamationMember" xlink:label="loc_pnw_CoalReclamationMember_FD7E7B1874D558E07BB97F33CBAD365D" xlink:type="locator"/>
<link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_CoalReclamationMember_FD7E7B1874D558E07BB97F33CBAD365D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossOnReacquiredDebtMember" xlink:label="loc_us-gaap_LossOnReacquiredDebtMember_951ACD8132A7DA6C1BC27F33CBAD9B17" xlink:type="locator"/>
<link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_us-gaap_LossOnReacquiredDebtMember_951ACD8132A7DA6C1BC27F33CBAD9B17" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_MeadPhoenixtransmissionlineCIACMember" xlink:label="loc_pnw_MeadPhoenixtransmissionlineCIACMember_478F999F4FF063811C237F33CBAD99FB" xlink:type="locator"/>
<link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_MeadPhoenixtransmissionlineCIACMember_478F999F4FF063811C237F33CBAD99FB" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_TransmissionCostAdjustorMember" xlink:label="loc_pnw_TransmissionCostAdjustorMember_6E5576231F8DEED693267F33CBAD9A00" xlink:type="locator"/>
<link:presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_TransmissionCostAdjustorMember_6E5576231F8DEED693267F33CBAD9A00" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_TaxExpenseOfMedicareSubsidyMember" xlink:label="loc_pnw_TaxExpenseOfMedicareSubsidyMember_A96B105B875AB988F64F7F33CBAD6278" xlink:type="locator"/>
<link:presentationArc order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_TaxExpenseOfMedicareSubsidyMember_A96B105B875AB988F64F7F33CBAD6278" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AG1DeferralMember" xlink:label="loc_pnw_AG1DeferralMember_8F7D78ABC418EB35DADD7F33CBAD6449" xlink:type="locator"/>
<link:presentationArc order="19" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_AG1DeferralMember_8F7D78ABC418EB35DADD7F33CBAD6449" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_TaxExpenseAdjustorMechanismMember" xlink:label="loc_pnw_TaxExpenseAdjustorMechanismMember_DF349A74C6FBAC079C4C7F33CBAD366C" xlink:type="locator"/>
<link:presentationArc order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_pnw_TaxExpenseAdjustorMechanismMember_DF349A74C6FBAC079C4C7F33CBAD366C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherRegulatoryAssetsLiabilitiesMember" xlink:label="loc_us-gaap_OtherRegulatoryAssetsLiabilitiesMember_702BA1763EB92C783CAC7F33CBAD8BBD" xlink:type="locator"/>
<link:presentationArc order="21" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetDomain_3650182E3FB3E057DD977F33CBAD589A" xlink:to="loc_us-gaap_OtherRegulatoryAssetsLiabilitiesMember_702BA1763EB92C783CAC7F33CBAD8BBD" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAssetLineItems" xlink:label="loc_us-gaap_RegulatoryAssetLineItems_9C2001E45A1EE1668F3A7F33CBAD1662" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRegulatoryAssetsTable_AAD362918B5D18AE81157F33CBAD9ACA" xlink:to="loc_us-gaap_RegulatoryAssetLineItems_9C2001E45A1EE1668F3A7F33CBAD1662" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegulatoryAssetIncludingDeferredFuelAndPurchasedPowerRegulatoryAssetCurrent" xlink:label="loc_pnw_RegulatoryAssetIncludingDeferredFuelAndPurchasedPowerRegulatoryAssetCurrent_21F55021E9B6B00380EE7F33CBB54A10" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetLineItems_9C2001E45A1EE1668F3A7F33CBAD1662" xlink:to="loc_pnw_RegulatoryAssetIncludingDeferredFuelAndPurchasedPowerRegulatoryAssetCurrent_21F55021E9B6B00380EE7F33CBB54A10" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAssetsNoncurrent" xlink:label="loc_us-gaap_RegulatoryAssetsNoncurrent_F0FD16CC82233F81E72E7F33CBB507CA" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAssetLineItems_9C2001E45A1EE1668F3A7F33CBAD1662" xlink:to="loc_us-gaap_RegulatoryAssetsNoncurrent_F0FD16CC82233F81E72E7F33CBB507CA" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RegulatoryMattersScheduleOfRegulatoryLiabilitiesDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatedOperationsAbstract" xlink:label="loc_us-gaap_RegulatedOperationsAbstract_585346A79E33798FE21B7F33CBA44EE7" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfRegulatoryLiabilitiesTable" xlink:label="loc_us-gaap_ScheduleOfRegulatoryLiabilitiesTable_9689200B734CFF2987ED7F33CBA408A8" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_585346A79E33798FE21B7F33CBA44EE7" xlink:to="loc_us-gaap_ScheduleOfRegulatoryLiabilitiesTable_9689200B734CFF2987ED7F33CBA408A8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAgencyAxis" xlink:label="loc_us-gaap_RegulatoryAgencyAxis_36BE11031ACBF6B2BE527F33CBA5F013" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRegulatoryLiabilitiesTable_9689200B734CFF2987ED7F33CBA408A8" xlink:to="loc_us-gaap_RegulatoryAgencyAxis_36BE11031ACBF6B2BE527F33CBA5F013" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryAgencyDomain" xlink:label="loc_us-gaap_RegulatoryAgencyDomain_B46B7ABBE266551B8C5F7F33CBA5F263" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyAxis_36BE11031ACBF6B2BE527F33CBA5F013" xlink:to="loc_us-gaap_RegulatoryAgencyDomain_B46B7ABBE266551B8C5F7F33CBA5F263" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ArizonaCorporationCommissionMember" xlink:label="loc_pnw_ArizonaCorporationCommissionMember_D4DCEB3F83BD422B38E97F33CBA57000" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyDomain_B46B7ABBE266551B8C5F7F33CBA5F263" xlink:to="loc_pnw_ArizonaCorporationCommissionMember_D4DCEB3F83BD422B38E97F33CBA57000" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_UnitedStatesFederalEnergyRegulatoryCommissionMember" xlink:label="loc_pnw_UnitedStatesFederalEnergyRegulatoryCommissionMember_0E0CED66529FB6E39DE97F33CBA507BE" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryAgencyDomain_B46B7ABBE266551B8C5F7F33CBA5F263" xlink:to="loc_pnw_UnitedStatesFederalEnergyRegulatoryCommissionMember_0E0CED66529FB6E39DE97F33CBA507BE" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryLiabilityAxis" xlink:label="loc_us-gaap_RegulatoryLiabilityAxis_AE8B290DA9551E796EEC7F33CBA62EC0" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRegulatoryLiabilitiesTable_9689200B734CFF2987ED7F33CBA408A8" xlink:to="loc_us-gaap_RegulatoryLiabilityAxis_AE8B290DA9551E796EEC7F33CBA62EC0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryLiabilityDomain" xlink:label="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityAxis_AE8B290DA9551E796EEC7F33CBA62EC0" xlink:to="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_TaxCutsandJobsActof2017ExcessDeferredIncomeTaxesMember" xlink:label="loc_pnw_TaxCutsandJobsActof2017ExcessDeferredIncomeTaxesMember_E6D74A50F179A5511CEE7F33CBA661F1" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_pnw_TaxCutsandJobsActof2017ExcessDeferredIncomeTaxesMember_E6D74A50F179A5511CEE7F33CBA661F1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetRetirementObligationCostsMember" xlink:label="loc_us-gaap_AssetRetirementObligationCostsMember_22E83EB942411A0C74897F33CBA67674" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_us-gaap_AssetRetirementObligationCostsMember_22E83EB942411A0C74897F33CBA67674" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RemovalCostsMember" xlink:label="loc_us-gaap_RemovalCostsMember_E2723A32EBF1C957EA117F33CBA6BBB4" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_us-gaap_RemovalCostsMember_E2723A32EBF1C957EA117F33CBA6BBB4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PostretirementBenefitCostsMember" xlink:label="loc_us-gaap_PostretirementBenefitCostsMember_D394160D66AD2F96985C7F33CBA7A3AE" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_us-gaap_PostretirementBenefitCostsMember_D394160D66AD2F96985C7F33CBA7A3AE" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SpentNuclearFuelMember" xlink:label="loc_pnw_SpentNuclearFuelMember_6C868D0779F71B99B7147F33CBA74100" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_pnw_SpentNuclearFuelMember_6C868D0779F71B99B7147F33CBA74100" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_FourCornersCoalReclamationMember" xlink:label="loc_pnw_FourCornersCoalReclamationMember_76842F7B6FA5C22C63C67F33CBA7E51E" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_pnw_FourCornersCoalReclamationMember_76842F7B6FA5C22C63C67F33CBA7E51E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredIncomeTaxChargesMember" xlink:label="loc_us-gaap_DeferredIncomeTaxChargesMember_1E50623A80996135D9837F33CBA77FB3" xlink:type="locator"/>
<link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_us-gaap_DeferredIncomeTaxChargesMember_1E50623A80996135D9837F33CBA77FB3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentCreditMember" xlink:label="loc_us-gaap_InvestmentCreditMember_EA1F0910CF21854C7C777F33CBA7BBB5" xlink:type="locator"/>
<link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_us-gaap_InvestmentCreditMember_EA1F0910CF21854C7C777F33CBA7BBB5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RenewableEnergyProgramMember" xlink:label="loc_us-gaap_RenewableEnergyProgramMember_55AB9ECA0605E3FDA07B7F33CBA7F240" xlink:type="locator"/>
<link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_us-gaap_RenewableEnergyProgramMember_55AB9ECA0605E3FDA07B7F33CBA7F240" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DemandSideManagementMember" xlink:label="loc_pnw_DemandSideManagementMember_36287B8BBB19E1C038177F33CBA78CA7" xlink:type="locator"/>
<link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_pnw_DemandSideManagementMember_36287B8BBB19E1C038177F33CBA78CA7" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_SundanceMaintenanceMember" xlink:label="loc_pnw_SundanceMaintenanceMember_36DCFBBD8ADC75F4A61D7F33CBA714A2" xlink:type="locator"/>
<link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_pnw_SundanceMaintenanceMember_36DCFBBD8ADC75F4A61D7F33CBA714A2" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ActiveUnionMedicalTrustMember" xlink:label="loc_pnw_ActiveUnionMedicalTrustMember_D5E18B20DC5B24005D207F5043A01BDD" xlink:type="locator"/>
<link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_pnw_ActiveUnionMedicalTrustMember_D5E18B20DC5B24005D207F5043A01BDD" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DeferredPropertyTaxesMember" xlink:label="loc_pnw_DeferredPropertyTaxesMember_9AB92F6AD91D55387C377F33CBA7D2B0" xlink:type="locator"/>
<link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_pnw_DeferredPropertyTaxesMember_9AB92F6AD91D55387C377F33CBA7D2B0" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_TaxExpenseAdjustorMechanismMember" xlink:label="loc_pnw_TaxExpenseAdjustorMechanismMember_F51F4986E0330D1F88D67F33CBA763FA" xlink:type="locator"/>
<link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_pnw_TaxExpenseAdjustorMechanismMember_F51F4986E0330D1F88D67F33CBA763FA" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DeferredGainsonUtilityPropertyMember" xlink:label="loc_pnw_DeferredGainsonUtilityPropertyMember_89DE7EEB59877EE32F8D7F33CBA71D9C" xlink:type="locator"/>
<link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_pnw_DeferredGainsonUtilityPropertyMember_89DE7EEB59877EE32F8D7F33CBA71D9C" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_FERCTransmissionTrueUpMember" xlink:label="loc_pnw_FERCTransmissionTrueUpMember_10B4E36E08C1360B08FB7F33CBA70A84" xlink:type="locator"/>
<link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_pnw_FERCTransmissionTrueUpMember_10B4E36E08C1360B08FB7F33CBA70A84" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_OtherRegulatoryLiabilitiesMember" xlink:label="loc_pnw_OtherRegulatoryLiabilitiesMember_92E4517A65555BE99ABE7F33CBA7759B" xlink:type="locator"/>
<link:presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilityDomain_581AA8D9DCE2A3CEE7B07F33CBA603FE" xlink:to="loc_pnw_OtherRegulatoryLiabilitiesMember_92E4517A65555BE99ABE7F33CBA7759B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryLiabilitiesLineItems" xlink:label="loc_us-gaap_RegulatoryLiabilitiesLineItems_1EB7DA203CA1FA9D51177F33CBA7C46B" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRegulatoryLiabilitiesTable_9689200B734CFF2987ED7F33CBA408A8" xlink:to="loc_us-gaap_RegulatoryLiabilitiesLineItems_1EB7DA203CA1FA9D51177F33CBA7C46B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegulatoryLiabilityIncludingDeferredFuelAndPurchasedPowerRegulatoryLiabilityCurrent" xlink:label="loc_pnw_RegulatoryLiabilityIncludingDeferredFuelAndPurchasedPowerRegulatoryLiabilityCurrent_A5D3A2F60446B4DA831F7F33CBA7AD88" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilitiesLineItems_1EB7DA203CA1FA9D51177F33CBA7C46B" xlink:to="loc_pnw_RegulatoryLiabilityIncludingDeferredFuelAndPurchasedPowerRegulatoryLiabilityCurrent_A5D3A2F60446B4DA831F7F33CBA7AD88" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryLiabilityNoncurrent" xlink:label="loc_us-gaap_RegulatoryLiabilityNoncurrent_25A258A9FBA98CFB7B157F33CBA7A135" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatoryLiabilitiesLineItems_1EB7DA203CA1FA9D51177F33CBA7C46B" xlink:to="loc_us-gaap_RegulatoryLiabilityNoncurrent_25A258A9FBA98CFB7B157F33CBA7A135" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RegulatoryMattersTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatedOperationsAbstract" xlink:label="loc_us-gaap_RegulatedOperationsAbstract_B466B6EE754A53D0B17588BD59B6D58F" xlink:type="locator"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ScheduleOfCapitalStructureandCostOfCapitalRegulatoryMatterTableTextBlock" xlink:label="loc_pnw_ScheduleOfCapitalStructureandCostOfCapitalRegulatoryMatterTableTextBlock_29537AA642BD50B288A300426DFD68BE" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_B466B6EE754A53D0B17588BD59B6D58F" xlink:to="loc_pnw_ScheduleOfCapitalStructureandCostOfCapitalRegulatoryMatterTableTextBlock_29537AA642BD50B288A300426DFD68BE" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ScheduleOfDeferredFuelAndPurchasedPowerRegulatoryAssetLiabilityTableTextBlock" xlink:label="loc_pnw_ScheduleOfDeferredFuelAndPurchasedPowerRegulatoryAssetLiabilityTableTextBlock_549148C505515A07921FF34D608D33F0" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_B466B6EE754A53D0B17588BD59B6D58F" xlink:to="loc_pnw_ScheduleOfDeferredFuelAndPurchasedPowerRegulatoryAssetLiabilityTableTextBlock_549148C505515A07921FF34D608D33F0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfRegulatoryAssetsTextBlock" xlink:label="loc_us-gaap_ScheduleOfRegulatoryAssetsTextBlock_91B60F0FDC525401B8794B450734E795" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_B466B6EE754A53D0B17588BD59B6D58F" xlink:to="loc_us-gaap_ScheduleOfRegulatoryAssetsTextBlock_91B60F0FDC525401B8794B450734E795" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfRegulatoryLiabilitiesTextBlock" xlink:label="loc_us-gaap_ScheduleOfRegulatoryLiabilitiesTextBlock_762C0F3B50F95DC78149C85B6F2E2E08" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RegulatedOperationsAbstract_B466B6EE754A53D0B17588BD59B6D58F" xlink:to="loc_us-gaap_ScheduleOfRegulatoryLiabilitiesTextBlock_762C0F3B50F95DC78149C85B6F2E2E08" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RetirementPlansAndOtherPostretirementBenefits" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:label="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_1FEAB3991E5156ED828248AAFCF3E267" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:label="loc_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_BDFCE98852B450C696E873A874FA9D2A" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_1FEAB3991E5156ED828248AAFCF3E267" xlink:to="loc_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_BDFCE98852B450C696E873A874FA9D2A" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RetirementPlansAndOtherPostretirementBenefitsNarrativeDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:label="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_2EDC4FDAC27BC23D52DD84F0BE0C746D" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansDisclosuresTable" xlink:label="loc_us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansDisclosuresTable_9078C6B9B4A38B1BFFDB84F0BE0CB916" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_2EDC4FDAC27BC23D52DD84F0BE0C746D" xlink:to="loc_us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansDisclosuresTable_9078C6B9B4A38B1BFFDB84F0BE0CB916" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetirementPlanTypeAxis" xlink:label="loc_us-gaap_RetirementPlanTypeAxis_64C0AA93E5CA2AA16AAE84F0BE0C2F6B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansDisclosuresTable_9078C6B9B4A38B1BFFDB84F0BE0CB916" xlink:to="loc_us-gaap_RetirementPlanTypeAxis_64C0AA93E5CA2AA16AAE84F0BE0C2F6B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetirementPlanTypeDomain" xlink:label="loc_us-gaap_RetirementPlanTypeDomain_1FD5EA5ED7A1C21F770F84F0BE0DF875" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeAxis_64C0AA93E5CA2AA16AAE84F0BE0C2F6B" xlink:to="loc_us-gaap_RetirementPlanTypeDomain_1FD5EA5ED7A1C21F770F84F0BE0DF875" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PensionPlansDefinedBenefitMember" xlink:label="loc_us-gaap_PensionPlansDefinedBenefitMember_423BC7B6837B99E24A4C84F0BE0D46FB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_1FD5EA5ED7A1C21F770F84F0BE0DF875" xlink:to="loc_us-gaap_PensionPlansDefinedBenefitMember_423BC7B6837B99E24A4C84F0BE0D46FB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" xlink:label="loc_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_F143631946968656B9DD84F0BE0DB0D9" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_1FD5EA5ED7A1C21F770F84F0BE0DF875" xlink:to="loc_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_F143631946968656B9DD84F0BE0DB0D9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansTableTextBlockLineItems" xlink:label="loc_us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansTableTextBlockLineItems_BA9F1BC6342BE318AD4E84F0BE0D0182" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansDisclosuresTable_9078C6B9B4A38B1BFFDB84F0BE0CB916" xlink:to="loc_us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansTableTextBlockLineItems_BA9F1BC6342BE318AD4E84F0BE0D0182" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DefinedBenefitPlanEmployerContributionsAbstract" xlink:label="loc_pnw_DefinedBenefitPlanEmployerContributionsAbstract_165BB392E76AD375E18E84F0BE0DCF7F" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansTableTextBlockLineItems_BA9F1BC6342BE318AD4E84F0BE0D0182" xlink:to="loc_pnw_DefinedBenefitPlanEmployerContributionsAbstract_165BB392E76AD375E18E84F0BE0DCF7F" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DefinedBenefitPlansEstimatedMinimumFutureEmployerContributionsNextThreeFiscalYears" xlink:label="loc_pnw_DefinedBenefitPlansEstimatedMinimumFutureEmployerContributionsNextThreeFiscalYears_FE19DEA1C4F8E80B360884F0BE0D9562" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_DefinedBenefitPlanEmployerContributionsAbstract_165BB392E76AD375E18E84F0BE0DCF7F" xlink:to="loc_pnw_DefinedBenefitPlansEstimatedMinimumFutureEmployerContributionsNextThreeFiscalYears_FE19DEA1C4F8E80B360884F0BE0D9562" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DefinedBenefitPlansEstimatedMaximumFutureEmployerContributionsPerYearMaximumContributionForTheNextThreeFiscalYears" xlink:label="loc_pnw_DefinedBenefitPlansEstimatedMaximumFutureEmployerContributionsPerYearMaximumContributionForTheNextThreeFiscalYears_8C246B6315A4BA43BCA184F0BE0DBA0D" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_DefinedBenefitPlanEmployerContributionsAbstract_165BB392E76AD375E18E84F0BE0DCF7F" xlink:to="loc_pnw_DefinedBenefitPlansEstimatedMaximumFutureEmployerContributionsPerYearMaximumContributionForTheNextThreeFiscalYears_8C246B6315A4BA43BCA184F0BE0DBA0D" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_DefinedBenefitPlansEstimatedFutureEmployerContributionsinNextThreeYears" xlink:label="loc_pnw_DefinedBenefitPlansEstimatedFutureEmployerContributionsinNextThreeYears_AB1E62EC9CCE62C41D2584F0BE0DFA6E" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_DefinedBenefitPlanEmployerContributionsAbstract_165BB392E76AD375E18E84F0BE0DCF7F" xlink:to="loc_pnw_DefinedBenefitPlansEstimatedFutureEmployerContributionsinNextThreeYears_AB1E62EC9CCE62C41D2584F0BE0DFA6E" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RetirementPlansAndOtherPostretirementBenefitsScheduleOfNetBenefitCostDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:label="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_7F1A8CAEBAD55EEAA24F24CC7D0576B3" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable" xlink:label="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_F2BDD59FD0D75553A56EEA9CAEA2A182" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_7F1A8CAEBAD55EEAA24F24CC7D0576B3" xlink:to="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_F2BDD59FD0D75553A56EEA9CAEA2A182" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetirementPlanTypeAxis" xlink:label="loc_us-gaap_RetirementPlanTypeAxis_D5F9B7071987505785531B1A25CE832B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_F2BDD59FD0D75553A56EEA9CAEA2A182" xlink:to="loc_us-gaap_RetirementPlanTypeAxis_D5F9B7071987505785531B1A25CE832B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetirementPlanTypeDomain" xlink:label="loc_us-gaap_RetirementPlanTypeDomain_6364D09963915FD7BD85FB93E32C7E95" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeAxis_D5F9B7071987505785531B1A25CE832B" xlink:to="loc_us-gaap_RetirementPlanTypeDomain_6364D09963915FD7BD85FB93E32C7E95" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PensionPlansDefinedBenefitMember" xlink:label="loc_us-gaap_PensionPlansDefinedBenefitMember_C90A028DF579520A95692F248BA8297F" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_6364D09963915FD7BD85FB93E32C7E95" xlink:to="loc_us-gaap_PensionPlansDefinedBenefitMember_C90A028DF579520A95692F248BA8297F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" xlink:label="loc_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_972ED59D2697537C842BDCE60F86B912" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RetirementPlanTypeDomain_6364D09963915FD7BD85FB93E32C7E95" xlink:to="loc_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_972ED59D2697537C842BDCE60F86B912" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_EFA8DABB53F95EC0A1E1EF703129DAFC" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTable_F2BDD59FD0D75553A56EEA9CAEA2A182" xlink:to="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_EFA8DABB53F95EC0A1E1EF703129DAFC" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanServiceCost" xlink:label="loc_us-gaap_DefinedBenefitPlanServiceCost_293DF55908805616B8FE3CD48853F322" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_EFA8DABB53F95EC0A1E1EF703129DAFC" xlink:to="loc_us-gaap_DefinedBenefitPlanServiceCost_293DF55908805616B8FE3CD48853F322" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanInterestCost" xlink:label="loc_us-gaap_DefinedBenefitPlanInterestCost_DFF09E0F92795547AF7DF22B24EB80C1" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_EFA8DABB53F95EC0A1E1EF703129DAFC" xlink:to="loc_us-gaap_DefinedBenefitPlanInterestCost_DFF09E0F92795547AF7DF22B24EB80C1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets" xlink:label="loc_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_FA56D895CA2E56DE97A68C5CE1591448" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_EFA8DABB53F95EC0A1E1EF703129DAFC" xlink:to="loc_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_FA56D895CA2E56DE97A68C5CE1591448" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_AmortizationofPriorServiceCostandNetActuarialLossAbstract" xlink:label="loc_pnw_AmortizationofPriorServiceCostandNetActuarialLossAbstract_64483FF4FE74570883C040BB11D2A244" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_EFA8DABB53F95EC0A1E1EF703129DAFC" xlink:to="loc_pnw_AmortizationofPriorServiceCostandNetActuarialLossAbstract_64483FF4FE74570883C040BB11D2A244" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit" xlink:label="loc_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_F6A66AEE49A35B429C3A1202965B42D5" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_AmortizationofPriorServiceCostandNetActuarialLossAbstract_64483FF4FE74570883C040BB11D2A244" xlink:to="loc_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_F6A66AEE49A35B429C3A1202965B42D5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses" xlink:label="loc_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_445C533674D15F2EA41BCCA47A368DD3" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_pnw_AmortizationofPriorServiceCostandNetActuarialLossAbstract_64483FF4FE74570883C040BB11D2A244" xlink:to="loc_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_445C533674D15F2EA41BCCA47A368DD3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost" xlink:label="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_7393ECDA8B0A54AC92C4C4D027B66C4E" xlink:type="locator"/>
<link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_EFA8DABB53F95EC0A1E1EF703129DAFC" xlink:to="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_7393ECDA8B0A54AC92C4C4D027B66C4E" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PensionAndOtherPostretirementBenefitExpense" xlink:label="loc_us-gaap_PensionAndOtherPostretirementBenefitExpense_1F2F5588BA535089A2BE7401418EBD9B" xlink:type="locator"/>
<link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DefinedBenefitPlanDisclosureLineItems_EFA8DABB53F95EC0A1E1EF703129DAFC" xlink:to="loc_us-gaap_PensionAndOtherPostretirementBenefitExpense_1F2F5588BA535089A2BE7401418EBD9B" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RetirementPlansAndOtherPostretirementBenefitsTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:label="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_584C340365335E4A9633D5183050DA12" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfNetBenefitCostsTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfNetBenefitCostsTableTextBlock_3DCF11FD4E5053D9ACE52FE4E5D6BDFA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CompensationAndRetirementDisclosureAbstract_584C340365335E4A9633D5183050DA12" xlink:to="loc_us-gaap_ScheduleOfNetBenefitCostsTableTextBlock_3DCF11FD4E5053D9ACE52FE4E5D6BDFA" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/Revenue" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenueFromContractWithCustomerAbstract" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerAbstract_3C15D67656BC0BED9F6ECD0A9A07E377" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenueFromContractWithCustomerTextBlock" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerTextBlock_719094B56541977C800DCD0A9A07AEA3" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenueFromContractWithCustomerAbstract_3C15D67656BC0BED9F6ECD0A9A07E377" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerTextBlock_719094B56541977C800DCD0A9A07AEA3" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RevenueAllowanceForDoubtfulAccountsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenueFromContractWithCustomerAbstract" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerAbstract_B1CCD2067F64D70D12797F33CC333BEA" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward" xlink:label="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward_788488864C985819FE317F33CC33A58C" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenueFromContractWithCustomerAbstract_B1CCD2067F64D70D12797F33CC333BEA" xlink:to="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward_788488864C985819FE317F33CC33A58C" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables" xlink:label="loc_us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_071DB60D0A31EA33473B7F33CC34E6FA" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward_788488864C985819FE317F33CC33A58C" xlink:to="loc_us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_071DB60D0A31EA33473B7F33CC34E6FA" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProvisionForDoubtfulAccounts" xlink:label="loc_us-gaap_ProvisionForDoubtfulAccounts_2A1D5A8E9CB3B31FC6507F33CC34102F" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward_788488864C985819FE317F33CC33A58C" xlink:to="loc_us-gaap_ProvisionForDoubtfulAccounts_2A1D5A8E9CB3B31FC6507F33CC34102F" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs" xlink:label="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs_BA440792757796DAC1B07F33CC345C95" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward_788488864C985819FE317F33CC33A58C" xlink:to="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs_BA440792757796DAC1B07F33CC345C95" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables" xlink:label="loc_us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_12F074C2BD07EA9857B37F33CC34A598" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AllowanceForDoubtfulAccountsReceivableRollforward_788488864C985819FE317F33CC33A58C" xlink:to="loc_us-gaap_AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables_12F074C2BD07EA9857B37F33CC34A598" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RevenueDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenueFromContractWithCustomerAbstract" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerAbstract_3F86C4A73594573995C52953A55A87B9" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisaggregationOfRevenueTable" xlink:label="loc_us-gaap_DisaggregationOfRevenueTable_53ED24EDA2C05719907CC1365ADDBFB3" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenueFromContractWithCustomerAbstract_3F86C4A73594573995C52953A55A87B9" xlink:to="loc_us-gaap_DisaggregationOfRevenueTable_53ED24EDA2C05719907CC1365ADDBFB3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ProductOrServiceAxis" xlink:label="loc_srt_ProductOrServiceAxis_89801A9569F95D6FAAD4990C75CAEA50" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisaggregationOfRevenueTable_53ED24EDA2C05719907CC1365ADDBFB3" xlink:to="loc_srt_ProductOrServiceAxis_89801A9569F95D6FAAD4990C75CAEA50" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ProductsAndServicesDomain" xlink:label="loc_srt_ProductsAndServicesDomain_0DE8C23C06535B60B2CC8C8ABAB34C0B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductOrServiceAxis_89801A9569F95D6FAAD4990C75CAEA50" xlink:to="loc_srt_ProductsAndServicesDomain_0DE8C23C06535B60B2CC8C8ABAB34C0B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ElectricServiceMember" xlink:label="loc_pnw_ElectricServiceMember_CC979D5F4EA35A49894BCA21AF5DF213" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_0DE8C23C06535B60B2CC8C8ABAB34C0B" xlink:to="loc_pnw_ElectricServiceMember_CC979D5F4EA35A49894BCA21AF5DF213" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_TransmissionServicesMember" xlink:label="loc_pnw_TransmissionServicesMember_332FE237835354E99491B0E9CA03DEB5" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_0DE8C23C06535B60B2CC8C8ABAB34C0B" xlink:to="loc_pnw_TransmissionServicesMember_332FE237835354E99491B0E9CA03DEB5" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_OtherServicesMember" xlink:label="loc_pnw_OtherServicesMember_14301AB251325F17ADC2994A9A435D40" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_0DE8C23C06535B60B2CC8C8ABAB34C0B" xlink:to="loc_pnw_OtherServicesMember_14301AB251325F17ADC2994A9A435D40" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_ElectricandTransmissionServiceMember" xlink:label="loc_pnw_ElectricandTransmissionServiceMember_E6329981B0D45CA19D4242546C657B0B" xlink:type="locator"/>
<link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_0DE8C23C06535B60B2CC8C8ABAB34C0B" xlink:to="loc_pnw_ElectricandTransmissionServiceMember_E6329981B0D45CA19D4242546C657B0B" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MajorCustomersAxis" xlink:label="loc_srt_MajorCustomersAxis_1A8F174FC22254BA8819851AB844B57D" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisaggregationOfRevenueTable_53ED24EDA2C05719907CC1365ADDBFB3" xlink:to="loc_srt_MajorCustomersAxis_1A8F174FC22254BA8819851AB844B57D" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_NameOfMajorCustomerDomain" xlink:label="loc_srt_NameOfMajorCustomerDomain_3B92A10932665DB5B56906D3A3C6253D" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MajorCustomersAxis_1A8F174FC22254BA8819851AB844B57D" xlink:to="loc_srt_NameOfMajorCustomerDomain_3B92A10932665DB5B56906D3A3C6253D" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RetailResidentialMember" xlink:label="loc_pnw_RetailResidentialMember_DB348CBD35665C7BB7A469F296EE9669" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_NameOfMajorCustomerDomain_3B92A10932665DB5B56906D3A3C6253D" xlink:to="loc_pnw_RetailResidentialMember_DB348CBD35665C7BB7A469F296EE9669" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RetailNonResidentialMember" xlink:label="loc_pnw_RetailNonResidentialMember_DBD5AA0CD5DC5DA18820EC655D8B4F92" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_NameOfMajorCustomerDomain_3B92A10932665DB5B56906D3A3C6253D" xlink:to="loc_pnw_RetailNonResidentialMember_DBD5AA0CD5DC5DA18820EC655D8B4F92" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_WholesaleMember" xlink:label="loc_pnw_WholesaleMember_4BF852D1A64F5510B17903AA6A2B6455" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_NameOfMajorCustomerDomain_3B92A10932665DB5B56906D3A3C6253D" xlink:to="loc_pnw_WholesaleMember_4BF852D1A64F5510B17903AA6A2B6455" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisaggregationOfRevenueLineItems" xlink:label="loc_us-gaap_DisaggregationOfRevenueLineItems_99B0DAA378A45D289D113E3D6A1F4D73" xlink:type="locator"/>
<link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisaggregationOfRevenueTable_53ED24EDA2C05719907CC1365ADDBFB3" xlink:to="loc_us-gaap_DisaggregationOfRevenueLineItems_99B0DAA378A45D289D113E3D6A1F4D73" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_0AADB04E46D858E9AF51CBDD79D02E6B" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_99B0DAA378A45D289D113E3D6A1F4D73" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_0AADB04E46D858E9AF51CBDD79D02E6B" xlink:type="arc"/>
<link:loc xlink:href="pnw-20200331.xsd#pnw_RegulatoryCostRecoveryRevenue" xlink:label="loc_pnw_RegulatoryCostRecoveryRevenue_CA1573A8ABBC50349076D2A899FF60A2" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisaggregationOfRevenueLineItems_99B0DAA378A45D289D113E3D6A1F4D73" xlink:to="loc_pnw_RegulatoryCostRecoveryRevenue_CA1573A8ABBC50349076D2A899FF60A2" xlink:type="arc"/>
</link:presentationLink>
<link:presentationLink xlink:role="http://pinnaclewest.com/role/RevenueTables" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenueFromContractWithCustomerAbstract" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerAbstract_B38A9482B536F34EF94DCD0A99FD982D" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DisaggregationOfRevenueTableTextBlock" xlink:label="loc_us-gaap_DisaggregationOfRevenueTableTextBlock_E6247CDD63BA8EC785E6CD0A99FD53CB" xlink:type="locator"/>
<link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenueFromContractWithCustomerAbstract_B38A9482B536F34EF94DCD0A99FD982D" xlink:to="loc_us-gaap_DisaggregationOfRevenueTableTextBlock_E6247CDD63BA8EC785E6CD0A99FD53CB" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" xlink:label="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_2321751F69A9414BC01ACDBCF9272FE2" xlink:type="locator"/>
<link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RevenueFromContractWithCustomerAbstract_B38A9482B536F34EF94DCD0A99FD982D" xlink:to="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_2321751F69A9414BC01ACDBCF9272FE2" xlink:type="arc"/>
</link:presentationLink>
</link:linkbase>


8 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/27/24  Pinnacle West Capital Corp.       10-K       12/31/23  147:25M
 2/27/23  Pinnacle West Capital Corp.       10-K       12/31/22  146:28M
 2/25/22  Pinnacle West Capital Corp.       10-K       12/31/21  150:28M
 2/24/21  Pinnacle West Capital Corp.       10-K       12/31/20  144:26M
11/17/20  Arizona Public Service Co.        424B2                  1:743K                                   Toppan Merrill/FA
11/16/20  Arizona Public Service Co.        424B3                  1:739K                                   Toppan Merrill/FA
 9/09/20  Arizona Public Service Co.        424B2                  1:749K                                   Toppan Merrill/FA
 9/08/20  Arizona Public Service Co.        424B3                  1:729K                                   Toppan Merrill/FA
Top
Filing Submission 0000764622-20-000038   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Sun., Apr. 28, 10:16:27.2pm ET