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

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file	filename
8-K - FORM 8-K - ARIZONA PUBLIC SERVICE CO	c07208e8vk.htm
EX-99.1 - EXHIBIT 99.1 - ARIZONA PUBLIC SERVICE CO	c07208exv99w1.htm
EX-99.3 - EXHIBIT 99.3 - ARIZONA PUBLIC SERVICE CO	c07208exv99w3.htm

Exhibit 99.2

Last Updated 10/28/2010

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2010 and 2009


		3 Months Ended September									9 Months Ended September
Line		2010			2009			Incr (Decr)			2010			2009			Incr (Decr)

	EARNINGS CONTRIBUTION BY SUBSIDIARY ($ Millions)

1	Arizona Public Service	$	232		$	202		$	30		$	343		$	274		$	69
2	APS Energy Services		2			(1	)		3			3			(4	)		7
3	SunCor		—			—			—			—			—			—
4	El Dorado		1			—			1			1			(6	)		7
5	Parent Company		(3	)		2			(5	)		(9	)		(1	)		(8	)


6	Income From Continuing Operations		232			203			29			338			263			75


	Income (Loss) From Discontinued Operations — Net of Tax
7	SunCor		13			(21	)		34			(9	)		(268	)		259
8	Other		(6	)		9			(15	)		29			102			(73	)

9	Total		7			(12	)		19			20			(166	)		186


10	Net Income		239			191			48			358			97			261

11	Less: Net Income (Loss) Attributable to Noncontrolling Interests		5			4			1			15			(1	)		16


12	Net Income Attributable to Common Shareholders	$	234		$	187		$	47		$	343		$	98		$	245


	EARNINGS PER SHARE BY SUBSIDIARY — DILUTED

13	Arizona Public Service	$	2.13		$	2.00		$	0.13		$	3.22		$	2.71		$	0.51
14	APS Energy Services		0.02			(0.01	)		0.03			0.03			(0.03	)		0.06
15	SunCor		—			—			—			—			—			—
16	El Dorado		0.01			—			0.01			0.01			(0.06	)		0.07
17	Parent Company		(0.03	)		0.02			(0.05	)		(0.08	)		(0.02	)		(0.06	)


18	Income From Continuing Operations		2.13			2.01			0.12			3.18			2.60			0.58


	Income (Loss) From Discontinued Operations — Net of Tax
19	SunCor		0.12			(0.21	)		0.33			(0.09	)		(2.65	)		2.56
20	Other		(0.06	)		0.08			(0.14	)		0.27			1.01			(0.74	)

21	Total		0.06			(0.13	)		0.19			0.18			(1.64	)		1.82


22	Net Income		2.19			1.88			0.31			3.36			0.96			2.40

23	Less: Net Income (Loss) Attributable to Noncontrolling Interests		0.05			0.04			0.01			0.14			(0.01	)		0.15


24	Net Income Attributable to Common Shareholders	$	2.14		$	1.84		$	0.30		$	3.22		$	0.97		$	2.25


25	BOOK VALUE PER SHARE	$	34.19		$	33.54		$	0.65		$	34.19		$	33.54		$	0.65

	COMMON SHARES OUTSTANDING (Thousands)
26	Average — Diluted		109,094			101,385			7,709			106,318			101,184			5,134
27	End of Period		108,710			101,275			7,435			108,710			101,275			7,435



See Glossary of Terms.		Page 1 of 4

Last Updated 10/28/2010

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2010 and 2009


		3 Months Ended September									9 Months Ended September
Line		2010			2009			Incr (Decr)			2010			2009			Incr (Decr)

	ELECTRIC OPERATING REVENUES (Dollars in Millions)

	REGULATED ELECTRICITY SEGMENT
	Retail
28	Residential	$	596		$	588		$	8		$	1,224		$	1,221		$	3
29	Business		445			446			(1	)		1,116			1,133			(17	)

30	Total retail		1,041			1,034			7			2,340			2,354			(14	)
	Wholesale revenue on delivered electricity
31	Traditional contracts		20			21			(1	)		54			49			5
32	Off-system sales		31			8			23			66			42			24
33	Transmission for others		10			10			—			27			25			2
34	Other miscellaneous services		15			11			4			41			29			12

35	Total regulated operating electricity revenues		1,117			1,084			33			2,528			2,499			29

	MARKETING AND TRADING
36	Electricity and other commodity sales		—			—			—			1			—			1

37	Total operating electric revenues	$	1,117		$	1,084		$	33		$	2,529		$	2,499		$	30


	ELECTRIC SALES (GWH)

	REGULATED ELECTRICITY SEGMENT
	Retail sales
38	Residential		4,890			4,948			(58	)		10,422			10,627			(205	)
39	Business		4,325			4,373			(48	)		11,211			11,475			(264	)

40	Total retail		9,215			9,321			(106	)		21,633			22,102			(469	)
	Wholesale electricity delivered
41	Traditional contracts		262			295			(33	)		623			692			(69	)
42	Off-system sales		785			374			411			2,068			1,791			277
43	Retail load hedge management		264			541			(277	)		563			918			(355	)

44	Total regulated electricity		10,526			10,531			(5	)		24,887			25,503			(616	)

	MARKETING AND TRADING
45	Wholesale sales of electricity		—			—			—			—			—			—

46	Total electric sales		10,526			10,531			(5	)		24,887			25,503			(616	)


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

47	Deferred fuel and purchased power regulatory asset — beginning balance	$	(97	)	$	(71	)	$	(26	)	$	(87	)	$	8		$	(95	)
48	Deferred fuel and purchased power costs — current period		15			60			(45	)		(49	)		47			(96	)
49	Interest on deferred fuel		—			—			—			—			—			—
50	Amounts recovered through revenues		41			(49	)		90			96			(115	)		211

51	Deferred fuel and purchased power regulatory asset — ending balance	$	(41	)	$	(60	)	$	19		$	(41	)	$	(60	)	$	19



See Glossary of Terms.		Page 2 of 4

Last Updated 10/28/2010

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2010 and 2009


		3 Months Ended September									9 Months Ended September
Line		2010			2009			Incr (Decr)			2010			2009			Incr (Decr)

	AVERAGE ELECTRIC CUSTOMERS

	Retail customers
52	Residential		985,460			978,657			6,803			989,879			983,027			6,852
53	Business		125,118			125,291			(173	)		125,349			125,216			133

54	Total		1,110,578			1,103,948			6,630			1,115,228			1,108,243			6,985
55	Wholesale customers		49			46			3			50			47			3

56	Total customers		1,110,627			1,103,994			6,633			1,115,278			1,108,289			6,989


57	Customer growth (% over prior year)		0.6	%		0.6	%		0.0	%		0.6	%		0.7	%		(0.1	)%

	RETAIL SALES (GWH) — WEATHER NORMALIZED

58	Residential		4,766			4,866			(100	)		10,517			10,602			(85	)
59	Business		4,320			4,381			(61	)		11,329			11,460			(131	)

60	Total		9,086			9,247			(161	)		21,846			22,062			(216	)


	RETAIL USAGE (KWh/Average Customer)

61	Residential		4,963			5,056			(93	)		10,529			10,810			(281	)
62	Business		34,565			34,905			(340	)		89,437			91,646			(2,209	)

	RETAIL USAGE — WEATHER NORMALIZED (KWh/Average Customer)

63	Residential		4,836			4,972			(136	)		10,624			10,785			(161	)
64	Business		34,527			34,966			(439	)		90,381			91,519			(1,138	)

	ELECTRICITY DEMAND (MW)

65	Native load peak demand		6,936			7,218			(282	)		6,936			7,218			(282	)

	WEATHER INDICATORS

	Actual
66	Cooling degree-days		2,679			2,721			(42	)		4,106			4,408			(302	)
67	Heating degree-days		—			—			—			520			407			113
68	Average humidity		29	%		24	%		5	%		31	%		26	%		5	%

	10-Year Averages
69	Cooling degree-days		2,560			2,560			—			4,268			4,268			—
70	Heating degree-days		—			—			—			522			522			—
71	Average humidity		31	%		31	%		—			29	%		29	%		0	%



See Glossary of Terms.		Page 3 of 4

Last Updated 10/28/2010

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2010 and 2009


		3 Months Ended September									9 Months Ended September
Line		2010			2009			Incr (Decr)			2010			2009			Incr (Decr)

	ENERGY SOURCES (GWH)

	Generation production
72	Nuclear		2,534			2,544			(10	)		6,910			7,051			(141	)
73	Coal		3,101			3,388			(287	)		9,224			9,196			28
74	Gas, oil and other		2,040			2,284			(244	)		4,052			4,592			(540	)

75	Total generation production		7,674			8,216			(542	)		20,185			20,839			(654	)

	Purchased power
76	Firm load		2,984			2,230			754			4,812			4,628			184
77	Marketing and trading		481			753			(272	)		1,325			1,739			(414	)

78	Total purchased power		3,465			2,983			482			6,137			6,367			(230	)

79	Total energy sources		11,139			11,199			(60	)		26,322			27,206			(884	)


	POWER PLANT PERFORMANCE

	Capacity Factors
80	Nuclear		100	%		101	%		(1	)%		92	%		94	%		(2	)%
81	Coal		80	%		88	%		(8	)%		80	%		81	%		(1	)%
82	Gas, oil and other		27	%		31	%		(4	)%		18	%		21	%		(3	)%
83	System average		55	%		59	%		(4	)%		49	%		51	%		(2	)%

	ECONOMIC INDICATORS

	Building Permits — Metro Phoenix (a)(c)
84	Single-family		910			1,412			(502	)		4,296			4,226			70
85	Multi-family		110			27			83			572			930			(358	)

86	Total		1,020			1,439			(419	)		4,868			5,156			(288	)


	Arizona Job Growth (b)(c)
87	Payroll job growth (% over prior year)		(0.1	)%		(8.0	)%		7.9	%		(2.0	)%		(7.4	)%		5.4	%
88	Unemployment rate (%, seasonally adjusted)		9.7	%		9.5	%		0.2	%		9.5	%		8.9	%		0.6	%


Sources:

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

(b)		Arizona Department of Economic Security

(c)		Latest available data through August



See Glossary of Terms.		Page 4 of 4

ARIZONA PUBLIC SERVICE CO - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - October 28, 2010

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