ARIZONA PUBLIC SERVICE CO - FORM 8-K - EX-99.2 - EXHIBIT 99.2

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8-K - FORM 8-K - ARIZONA PUBLIC SERVICE CO	c91428e8vk.htm
EX-99.3 - EXHIBIT 99.3 - ARIZONA PUBLIC SERVICE CO	c91428exv99w3.htm
EX-99.4 - EXHIBIT 99.4 - ARIZONA PUBLIC SERVICE CO	c91428exv99w4.htm
EX-99.1 - EXHIBIT 99.1 - ARIZONA PUBLIC SERVICE CO	c91428exv99w1.htm

Exhibit 99.2

Last Updated 10/29/2009

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2009 and 2008


		3 Months Ended September									9 Months Ended September
Line		2009			2008			Incr (Decr)			2009			2008			Incr (Decr)

	EARNINGS CONTRIBUTION BY SUBSIDIARY ($ Millions)

1	Arizona Public Service	$	197		$	160		$	37		$	260		$	279		$	(19	)
2	APS Energy Services		—			—			—			(1	)		—			(1	)
3	SunCor		(19	)		(7	)		(12	)		(255	)		(17	)		(238	)
4	El Dorado		—			(1	)		1			(6	)		(7	)		1
5	Parent Company		9			—			9			94			3			91


6	Income From Continuing Operations		187			152			35			92			258			(166	)


	Income (Loss) From Discontinued Operations — Net of Tax
7	SunCor		(2	)		1			(3	)		(14	)		25			(39	)
8	Other		1			(1	)		2			5			(2	)		7

9	Total		(1	)		—			(1	)		(9	)		23			(32	)


10	Net Income		186			152			34			83			281			(198	)

11	Less: Net Income (Loss) Attributable to Noncontrolling Interests		(1	)		—			(1	)		(15	)		—			(15	)


12	Net Income Attributable to Common Shareholders	$	187		$	152		$	35		$	98		$	281		$	(183	)


	EARNINGS PER SHARE BY SUBSIDIARY — DILUTED

13	Arizona Public Service	$	1.94		$	1.58		$	0.36		$	2.57		$	2.76		$	(0.19	)
14	APS Energy Services		—			—			—			(0.01	)		0.01			(0.02	)
15	SunCor		(0.19	)		(0.07	)		(0.12	)		(2.52	)		(0.16	)		(2.36	)
16	El Dorado		—			(0.01	)		0.01			(0.06	)		(0.08	)		0.02
17	Parent Company		0.09						0.09			0.93			0.03			0.90


18	Income From Continuing Operations		1.84			1.50			0.34			0.91			2.56			(1.65	)


	Income (Loss) From Discontinued Operations — Net of Tax
19	SunCor		(0.02	)		0.01			(0.03	)		(0.14	)		0.24			(0.38	)
20	Other		0.01			(0.01	)		0.02			0.05			(0.02	)		0.07

21	Total		(0.01	)		—			(0.01	)		(0.09	)		0.22			(0.31	)


22	Net Income		1.83			1.50			0.33			0.82			2.78			(1.96	)

23	Less: Net Income (Loss) Attributable to Noncontrolling Interests		(0.01	)		—			(0.01	)		(0.15	)		—			(0.15	)


24	Net Income Attributable to Common Shareholders	$	1.84		$	1.50		$	0.34		$	0.97		$	2.78		$	(1.81	)


25	BOOK VALUE PER SHARE	$	33.54		$	35.84		$	(2.30	)	$	33.54		$	35.84		$	(2.30	)

	COMMON SHARES OUTSTANDING (Thousands)
26	Average — Diluted		101,385			101,018			367			101,184			100,911			273
27	End of Period		101,275			100,799			476			101,275			100,799			476

See Glossary of Terms.

Page 1 of 4

Last Updated 10/29/2009

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2009 and 2008


		3 Months Ended September									9 Months Ended September
Line		2009			2008			Incr (Decr)			2009			2008			Incr (Decr)

	ELECTRIC OPERATING REVENUES (Dollars in Millions)

	REGULATED ELECTRICITY SEGMENT
	Retail
28	Residential	$	588		$	555		$	33		$	1,220		$	1,191		$	29
29	Business		446			427			19			1,134			1,123			11

30	Total retail		1,034			982			52			2,354			2,314			40
	Wholesale revenue on delivered electricity
31	Traditional contracts		21			23			(2	)		49			58			(9	)
32	Off-system sales		8			14			(6	)		42			68			(26	)
33	Transmission for others		10			11			(1	)		26			25			1
34	Other miscellaneous services		11			10			1			28			28			—

35	Total regulated operating electricity revenues		1,084			1,040			44			2,499			2,493			6

	MARKETING AND TRADING
36	Electricity and other commodity sales		—			5			(5	)		—			57			(57	)

37	Total operating electric revenues	$	1,084		$	1,045		$	39		$	2,499		$	2,550		$	(51	)


	ELECTRIC SALES (GWH)

	REGULATED ELECTRICITY SEGMENT
	Retail sales
38	Residential		4,948			4,876			72			10,627			10,762			(135	)
39	Business		4,373			4,447			(74	)		11,476			11,775			(299	)

40	Total retail		9,321			9,323			(2	)		22,103			22,537			(434	)
	Wholesale electricity delivered
41	Traditional contracts		295			335			(40	)		691			876			(185	)
42	Off-system sales		374			525			(151	)		1,792			1,551			241
43	Retail load hedge management		541			486			55			917			807			110

44	Total regulated electricity		10,531			10,669			(138	)		25,503			25,771			(268	)

	MARKETING AND TRADING
45	Wholesale sales of electricity		—			320			(320	)		—			2,134			(2,134	)

46	Total electric sales		10,531			10,989			(458	)		25,503			27,905			(2,402	)


	POWER SUPPLY ADJUSTOR (“PSA”) — REGULATED ELECTRICITY SEGMENT (Dollars in Millions)

47	Deferred fuel and purchased power regulatory asset — beginning balance	$	(71	)	$	23		$	(94	)	$	8		$	111		$	(103	)
48	Deferred fuel and purchased power costs — current period		60			79			(19	)		47			103			(56	)
49	Interest on deferred fuel		—			—			—			—			2			(2	)
50	Amounts recovered through revenues		(49	)		(44	)		(5	)		(115	)		(158	)		43

51	Deferred fuel and purchased power regulatory asset — ending balance	$	(60	)	$	58		$	(118	)	$	(60	)	$	58		$	(118	)

See Glossary of Terms.

Page 2 of 4

Last Updated 10/29/2009

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2009 and 2008


		3 Months Ended September									9 Months Ended September
Line		2009			2008			Incr (Decr)			2009			2008			Incr (Decr)

	AVERAGE ELECTRIC CUSTOMERS

	Retail customers
52	Residential		978,657			973,455			5,202			983,027			977,169			5,858
53	Business		125,291			124,329			962			125,216			123,655			1,561

54	Total		1,103,948			1,097,784			6,164			1,108,243			1,100,824			7,419
55	Wholesale customers		46			51			(5	)		47			52			(5	)

56	Total customers		1,103,994			1,097,835			6,159			1,108,290			1,100,876			7,414


57	Customer growth (% over prior year)		0.6	%		1.2	%		(0.6	)%		0.7	%		1.6	%		(0.9	)%

	RETAIL SALES (GWH) — WEATHER NORMALIZED

58	Residential		4,852			4,893			(41	)		10,660			10,834			(174	)
59	Business		4,369			4,448			(79	)		11,473			11,782			(309	)

60	Total		9,221			9,341			(120	)		22,133			22,616			(483	)


	RETAIL USAGE (KWh/Average Customer)

61	Residential		5,056			5,009			47			10,810			11,013			(203	)
62	Business		34,905			35,768			(863	)		91,642			95,225			(3,583	)

	RETAIL USAGE — WEATHER NORMALIZED (KWh/Average Customer)

63	Residential		4,958			5,027			(69	)		10,844			11,087			(243	)
64	Business		34,870			35,777			(907	)		91,622			95,279			(3,657	)

	ELECTRICITY DEMAND (MW)

65	Native load peak demand		7,218			7,026			192			7,218			7,026			192

	WEATHER INDICATORS

	Actual
66	Cooling degree-days		2,721			2,533			188			4,408			4,178			230
67	Heating degree-days		—			—			—			407			583			(176	)
68	Average humidity		25	%		33	%		(8	)%		26	%		30	%		(4	)%

	10-Year Averages
69	Cooling degree-days		2,586			2,544			42			4,207			4,194			13
70	Heating degree-days		—			—			—			596			545			51
71	Average humidity		30	%		32	%		(2	)%		31	%		32	%		(2	)%

See Glossary of Terms.

Page 3 of 4

Last Updated 10/29/2009

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2009 and 2008


		3 Months Ended September									9 Months Ended September
Line		2009			2008			Incr (Decr)			2009			2008			Incr (Decr)

	ENERGY SOURCES (GWH)

	Generation production
72	Nuclear		2,544			2,455			89			7,050			6,626			424
73	Coal		3,388			3,611			(223	)		9,195			9,744			(549	)
74	Gas, oil and other		2,284			2,358			(74	)		4,595			5,022			(427	)

75	Total generation production		8,216			8,424			(208	)		20,840			21,392			(552	)

	Purchased power
76	Firm load		2,230			2,047			183			4,628			4,390			238
77	Marketing and trading		753			1,217			(464	)		1,738			3,919			(2,181	)

78	Total purchased power		2,983			3,264			(281	)		6,366			8,309			(1,943	)

79	Total energy sources		11,199			11,688			(489	)		27,206			29,701			(2,495	)


	POWER PLANT PERFORMANCE

	Capacity Factors
80	Nuclear		101	%		97	%		4	%		94	%		88	%		6	%
81	Coal		88	%		94	%		(6	)%		81	%		85	%		(4	)%
82	Gas, oil and other		31	%		32	%		(1	)%		21	%		23	%		(2	)%
83	System average		59	%		61	%		(2	)%		51	%		52	%		(1	)%

	ECONOMIC INDICATORS

	Building Permits — Metro Phoenix (a)(c)
84	Single-family		1,407			1,976			(569	)		4,221			8,699			(4,478	)
85	Multi-family		27			1,441			(1,414	)		930			5,592			(4,662	)

86	Total		1,434			3,417			(1,983	)		5,151			14,291			(9,140	)


	Arizona Job Growth (b)(c)
87	Payroll job growth (% over prior year)		(7.5	)%		(2.1	)%		(5.4	)%		(6.9	)%		(0.9	)%		(6.0	)%
88	Unemployment rate (%, seasonally adjusted)		9.2	%		5.8	%		3.4	%		8.1	%		5.1	%		3.0	%


Sources:

(a)		Arizona Real Estate Center, Arizona State University W.P. Carey College of Business

(b)		Arizona Department of Economic Security

(c)		Economic indicators reflect periods ended August 31, 2009 and August 31, 2008

See Glossary of Terms.

Page 4 of 4

ARIZONA PUBLIC SERVICE CO - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - October 29, 2009

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