SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K
                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


         Date of Report (Date of earliest event reported): April 7, 1997
                                                          ----------------

                         ARIZONA PUBLIC SERVICE COMPANY
                         ------------------------------
             (Exact name of registrant as specified in its charter)


            Arizona                     1-4473                  86-0011170
- --------------------------------------------------------------------------------
(State or other jurisdiction          (Commission              (IRS Employer
      of incorporation)               File Number)        Identification Number)


 400 North Fifth Street, P.O. Box 53999, Phoenix, Arizona               85004
 --------------------------------------------------------               -----
       (Address of principal executive offices)                       (Zip code)



                                 (602) 250-1000
              ----------------------------------------------------
             (Registrant's telephone number, including area code)
 


                                      NONE
          -------------------------------------------------------------
         (Former name or former address, if changed since last report)

Item 7.           Financial  Statement,  Pro  Forma  Financial  Information  and
                  --------------------------------------------------------------
                  Exhibits
                  --------

                  (c)      Exhibits.

                  The  Registrant  hereby  files the  following  Exhibit  to its
Registration  Statements  on Form S-3 (Nos.  33-55473,  33-64455 and  333-15379)
which were declared effective on October 3, 1994, December 22, 1995 and November
14, 1996, respectively.

Exhibit
No.               Description
- -------           -----------

1.4               Terms  Agreement,  dated April 7, 1997, in connection with the
                  offering of $50,000,000 of 6.72% Senior Notes Due 1999.

4.8               Fifty-fifth  Supplemental Indenture dated as of April 1, 1997,
                  relating to the issuance of $50,000,000 of the Company's First
                  Mortgage Bonds, Senior Note Series B.

4.9               Specimen of Bond of First Mortgage  Bonds,  Senior Note Series
                  B.

4.10              Second  Supplemental  Indenture  dated  as of  April  1,  1997
                  relating to the issuance of  $50,000,000 of 6.72% Senior Notes
                  Due 1999.

4.11              Specimen of Note of 6.72% Senior Notes Due 1999.

12.2              Computation of Ratio of Earnings to Fixed Charges.

                                   SIGNATURES
                                   ----------



         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Company  has duly  caused  this  report to be  signed on its  behalf by the
undersigned hereunto duly authorized.



                                                 ARIZONA PUBLIC SERVICE COMPANY
                                                          (Registrant)




Dated:   April 9, 1997                           By:     Nancy E. Felker
                                                    ---------------------------
                                                         Nancy E. Felker
                                                         Treasurer