Attached files
| file | filename |
|---|---|
| 8-K - 8-K - ARIZONA PUBLIC SERVICE CO | a11-28821_18k.htm |
| EX-99.1 - EX-99.1 - ARIZONA PUBLIC SERVICE CO | a11-28821_1ex99d1.htm |
| EX-99.3 - EX-99.3 - ARIZONA PUBLIC SERVICE CO | a11-28821_1ex99d3.htm |
Exhibit 99.2
Last Updated 11/1/2011
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2011 and 2010
|
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3 Months Ended September |
|
9 Months Ended September | ||||||||||||||
|
Line |
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2011 |
|
2010 |
|
Incr (Decr) |
|
2011 |
|
2010 |
|
Incr (Decr) | ||||||
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| ||||||
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|
EARNINGS CONTRIBUTION BY SUBSIDIARY ($Millions) |
|
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| ||||||
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|
1 |
|
Arizona Public Service |
|
$ |
254 |
|
$ |
232 |
|
$ |
22 |
|
$ |
342 |
|
$ |
343 |
|
$ |
(1) |
|
2 |
|
APS Energy Services |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- | ||||||
|
3 |
|
SunCor |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- | ||||||
|
4 |
|
El Dorado |
|
- |
|
1 |
|
(1) |
|
- |
|
1 |
|
(1) | ||||||
|
5 |
|
Parent Company |
|
(1) |
|
(3) |
|
2 |
|
(6) |
|
(9) |
|
3 | ||||||
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|
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|
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| ||||||
|
6 |
|
Income From Continuing Operations |
|
253 |
|
230 |
|
23 |
|
336 |
|
335 |
|
1 | ||||||
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|
|
|
|
|
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| ||||||
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Income (Loss) From Discontinued Operations - Net of Tax |
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|
|
|
|
|
|
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| ||||||
|
7 |
|
SunCor |
|
(2) |
|
13 |
|
(15) |
|
(2) |
|
(9) |
|
7 | ||||||
|
8 |
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Other |
|
11 |
|
(4) |
|
15 |
|
13 |
|
32 |
|
(19) | ||||||
|
9 |
|
Total |
|
9 |
|
9 |
|
- |
|
11 |
|
23 |
|
(12) | ||||||
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|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
10 |
|
Net Income |
|
262 |
|
239 |
|
23 |
|
347 |
|
358 |
|
(11) | ||||||
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|
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| ||||||
|
11 |
|
Less: Net Income (Loss) Attributable to Noncontrolling Interests |
|
7 |
|
5 |
|
2 |
|
20 |
|
15 |
|
5 | ||||||
|
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|
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|
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| ||||||
|
12 |
|
Net Income Attributable to Common Shareholders |
|
$ |
255 |
|
$ |
234 |
|
$ |
21 |
|
$ |
327 |
|
$ |
343 |
|
$ |
(16) |
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EARNINGS PER SHARE BY SUBSIDIARY - DILUTED |
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|
13 |
|
Arizona Public Service |
|
$ |
2.31 |
|
$ |
2.13 |
|
$ |
0.18 |
|
$ |
3.12 |
|
$ |
3.22 |
|
$ |
(0.10) |
|
14 |
|
APS Energy Services |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- | ||||||
|
15 |
|
SunCor |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- | ||||||
|
16 |
|
El Dorado |
|
- |
|
0.01 |
|
(0.01) |
|
- |
|
0.01 |
|
(0.01) | ||||||
|
17 |
|
Parent Company |
|
- |
|
(0.03) |
|
0.03 |
|
(0.06) |
|
(0.08) |
|
0.02 | ||||||
|
|
|
|
|
|
|
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|
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|
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| ||||||
|
18 |
|
Income From Continuing Operations |
|
2.31 |
|
2.11 |
|
0.20 |
|
3.06 |
|
3.15 |
|
(0.09) | ||||||
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Income (Loss) From Discontinued Operations - Net of Tax |
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|
|
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|
|
|
|
|
|
|
| ||||||
|
19 |
|
SunCor |
|
(0.02) |
|
0.12 |
|
(0.14) |
|
(0.02) |
|
(0.09) |
|
0.07 | ||||||
|
20 |
|
Other |
|
0.10 |
|
(0.04) |
|
0.14 |
|
0.12 |
|
0.30 |
|
(0.18) | ||||||
|
21 |
|
Total |
|
0.08 |
|
0.08 |
|
- |
|
0.10 |
|
0.21 |
|
(0.11) | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
22 |
|
Net Income |
|
2.39 |
|
2.19 |
|
0.20 |
|
3.16 |
|
3.36 |
|
(0.20) | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
23 |
|
Less: Net Income (Loss) Attributable to Noncontrolling Interests |
|
0.07 |
|
0.05 |
|
0.02 |
|
0.18 |
|
0.14 |
|
0.04 | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
24 |
|
Net Income Attributable to Common Shareholders |
|
$ |
2.32 |
|
$ |
2.14 |
|
$ |
0.18 |
|
$ |
2.98 |
|
$ |
3.22 |
|
$ |
(0.24) |
|
|
|
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|
|
|
|
|
|
|
|
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| ||||||
|
25 |
|
BOOK VALUE PER SHARE |
|
$ |
35.67 |
|
$ |
34.19 |
|
$ |
1.48 |
|
$ |
35.67 |
|
$ |
34.19 |
|
$ |
1.48 |
|
|
|
|
|
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COMMON SHARES OUTSTANDING (Thousands) |
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| ||||||
|
26 |
|
Average - Diluted |
|
109,861 |
|
109,094 |
|
767 |
|
109,683 |
|
106,318 |
|
3,365 | ||||||
|
27 |
|
End of Period |
|
109,171 |
|
108,710 |
|
461 |
|
109,171 |
|
108,710 |
|
461 | ||||||
|
See Glossary of Terms. |
|
Last Updated 11/1/2011
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2011 and 2010
|
|
|
|
|
3 Months Ended September |
|
9 Months Ended September | ||||||||||||||
|
Line |
|
|
|
2011 |
|
2010 |
|
Incr (Decr) |
|
2011 |
|
2010 |
|
Incr (Decr) | ||||||
|
|
|
|
|
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|
|
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| ||||||
|
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|
ELECTRIC OPERATING REVENUES (Dollars in Millions) |
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|
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| ||||||
|
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|
REGULATED ELECTRICITY SEGMENT |
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
|
|
Retail |
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
28 |
|
Residential |
|
$ |
622 |
|
$ |
596 |
|
$ |
26 |
|
$ |
1,255 |
|
$ |
1,224 |
|
$ |
31 |
|
29 |
|
Business |
|
440 |
|
445 |
|
(5) |
|
1,119 |
|
1,116 |
|
3 | ||||||
|
30 |
|
Total retail |
|
1,062 |
|
1,041 |
|
21 |
|
2,374 |
|
2,340 |
|
34 | ||||||
|
|
|
Wholesale revenue on delivered electricity |
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
31 |
|
Traditional contracts |
|
24 |
|
20 |
|
4 |
|
54 |
|
54 |
|
0 | ||||||
|
32 |
|
Off-system sales |
|
14 |
|
31 |
|
(17) |
|
47 |
|
66 |
|
(19) | ||||||
|
33 |
|
Transmission for others |
|
8 |
|
10 |
|
(2) |
|
24 |
|
27 |
|
(3) | ||||||
|
34 |
|
Other miscellaneous services |
|
16 |
|
15 |
|
1 |
|
71 |
|
41 |
|
30 | ||||||
|
35 |
|
Total regulated operating electricity revenues |
|
1,124 |
|
1,117 |
|
7 |
|
2,571 |
|
2,528 |
|
43 | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
|
|
MARKETING AND TRADING |
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
36 |
|
Electricity and other commodity sales |
|
- |
|
- |
|
- |
|
- |
|
1 |
|
(1) | ||||||
|
37 |
|
Total operating electric revenues |
|
$ |
1,124 |
|
$ |
1,117 |
|
$ |
7 |
|
$ |
2,571 |
|
$ |
2,529 |
|
$ |
42 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
|
|
ELECTRIC SALES (GWH) |
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
|
|
REGULATED ELECTRICITY SEGMENT |
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
|
|
Retail sales |
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
38 |
|
Residential |
|
5,072 |
|
4,890 |
|
182 |
|
10,692 |
|
10,422 |
|
270 | ||||||
|
39 |
|
Business |
|
4,360 |
|
4,325 |
|
35 |
|
11,380 |
|
11,211 |
|
169 | ||||||
|
40 |
|
Total retail |
|
9,432 |
|
9,215 |
|
217 |
|
22,072 |
|
21,633 |
|
439 | ||||||
|
|
|
Wholesale electricity delivered |
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
41 |
|
Traditional contracts |
|
361 |
|
262 |
|
99 |
|
774 |
|
623 |
|
151 | ||||||
|
42 |
|
Off-system sales |
|
550 |
|
785 |
|
(235) |
|
1,886 |
|
2,068 |
|
(182) | ||||||
|
43 |
|
Retail load hedge management |
|
53 |
|
264 |
|
(211) |
|
122 |
|
563 |
|
(441) | ||||||
|
44 |
|
Total regulated electricity |
|
10,396 |
|
10,526 |
|
(130) |
|
24,853 |
|
24,887 |
|
(34) | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
|
|
MARKETING AND TRADING |
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
45 |
|
Wholesale sales of electricity |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- | ||||||
|
46 |
|
Total electric sales |
|
10,396 |
|
10,526 |
|
(130) |
|
24,853 |
|
24,887 |
|
(34) | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
|
|
POWER SUPPLY ADJUSTOR (“PSA”) - REGULATED ELECTRICITY SEGMENT (Dollars in Millions) |
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
47 |
|
Deferred fuel and purchased power regulatory asset - beginning balance |
|
$ |
(54) |
|
$ |
(97) |
|
$ |
43 |
|
$ |
(58) |
|
$ |
(87) |
|
$ |
29 |
|
48 |
|
Deferred fuel and purchased power costs - current period |
|
34 |
|
15 |
|
19 |
|
(31) |
|
(49) |
|
18 | ||||||
|
49 |
|
Interest on deferred fuel |
|
- |
|
- |
|
- |
|
- |
|
- |
|
- | ||||||
|
50 |
|
Amounts recovered through revenues |
|
52 |
|
41 |
|
12 |
|
121 |
|
96 |
|
25 | ||||||
|
51 |
|
Deferred fuel and purchased power regulatory asset - ending balance |
|
$ |
32 |
|
$ |
(41) |
|
$ |
73 |
|
$ |
32 |
|
$ |
(41) |
|
$ |
73 |
|
See Glossary of Terms. |
|
Last Updated 11/1/2011
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2011 and 2010
|
|
|
|
|
3 Months Ended September |
|
9 Months Ended September | ||||||||
|
Line |
|
|
|
2011 |
|
2010 |
|
Incr (Decr) |
|
2011 |
|
2010 |
|
Incr (Decr) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE ELECTRIC CUSTOMERS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail customers |
|
|
|
|
|
|
|
|
|
|
|
|
|
52 |
|
Residential |
|
989,036 |
|
985,460 |
|
3,576 |
|
993,777 |
|
989,879 |
|
3,898 |
|
53 |
|
Business |
|
126,118 |
|
125,118 |
|
1,000 |
|
125,823 |
|
125,349 |
|
474 |
|
54 |
|
Total |
|
1,115,154 |
|
1,110,578 |
|
4,576 |
|
1,119,600 |
|
1,115,228 |
|
4,372 |
|
55 |
|
Wholesale customers |
|
45 |
|
49 |
|
(4) |
|
46 |
|
50 |
|
(4) |
|
56 |
|
Total customers |
|
1,115,199 |
|
1,110,627 |
|
4,572 |
|
1,119,647 |
|
1,115,278 |
|
4,369 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
57 |
|
Customer growth (% over prior year) |
|
0.4% |
|
0.6% |
|
(0.2)% |
|
0.4% |
|
0.6% |
|
(0.2)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RETAIL SALES (GWH) - |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
58 |
|
Residential |
|
4,850 |
|
4,823 |
|
27 |
|
10,711 |
|
10,636 |
|
75 |
|
59 |
|
Business |
|
4,289 |
|
4,337 |
|
(48) |
|
11,400 |
|
11,372 |
|
28 |
|
60 |
|
Total |
|
9,140 |
|
9,160 |
|
(21) |
|
22,112 |
|
22,009 |
|
103 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RETAIL USAGE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
61 |
|
Residential |
|
5,128 |
|
4,963 |
|
165 |
|
10,759 |
|
10,529 |
|
230 |
|
62 |
|
Business |
|
34,570 |
|
34,565 |
|
5 |
|
90,442 |
|
89,437 |
|
1,005 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RETAIL USAGE - |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
63 |
|
Residential |
|
4,904 |
|
4,894 |
|
10 |
|
10,778 |
|
10,745 |
|
33 |
|
64 |
|
Business |
|
34,009 |
|
34,665 |
|
(656) |
|
90,607 |
|
90,726 |
|
(119) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ELECTRICITY DEMAND (MW) |
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
65 |
|
Native load peak demand |
|
7,087 |
|
6,936 |
|
151 |
|
7,087 |
|
6,936 |
|
151 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WEATHER INDICATORS - RESIDENTIAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Actual |
|
|
|
|
|
|
|
|
|
|
|
|
|
66 |
|
Cooling degree-days |
|
1,383 |
|
1,299 |
|
84 |
|
1,758 |
|
1,680 |
|
78 |
|
67 |
|
Heating degree-days |
|
- |
|
- |
|
- |
|
614 |
|
520 |
|
94 |
|
68 |
|
Average humidity |
|
27% |
|
29% |
|
(2)% |
|
21% |
|
24% |
|
(2)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10-Year Averages |
|
|
|
|
|
|
|
|
|
|
|
|
|
69 |
|
Cooling degree-days |
|
1,225 |
|
1,225 |
|
- |
|
1,737 |
|
1,737 |
|
- |
|
70 |
|
Heating degree-days |
|
- |
|
- |
|
- |
|
513 |
|
513 |
|
- |
|
71 |
|
Average humidity |
|
29% |
|
29% |
|
- |
|
24% |
|
24% |
|
0% |
|
See Glossary of Terms. |
|
Last Updated 11/1/2011
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2011 and 2010
|
|
|
|
|
3 Months Ended September |
|
9 Months Ended September | ||||||||
|
Line |
|
|
|
2011 |
|
2010 |
|
Incr (Decr) |
|
2011 |
|
2010 |
|
Incr (Decr) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY SOURCES (GWH) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Generation production |
|
|
|
|
|
|
|
|
|
|
|
|
|
72 |
|
Nuclear |
|
2,435 |
|
2,534 |
|
(99) |
|
7,061 |
|
6,910 |
|
151 |
|
73 |
|
Coal |
|
3,382 |
|
3,101 |
|
281 |
|
9,319 |
|
9,224 |
|
95 |
|
74 |
|
Gas, oil and other |
|
1,991 |
|
2,040 |
|
(49) |
|
4,030 |
|
4,052 |
|
(22) |
|
75 |
|
Total generation production |
|
7,808 |
|
7,674 |
|
134 |
|
20,410 |
|
20,185 |
|
225 |
|
|
|
Purchased power |
|
|
|
|
|
|
|
|
|
|
|
|
|
76 |
|
Firm load |
|
2,827 |
|
2,984 |
|
(157) |
|
4,497 |
|
4,812 |
|
(315) |
|
77 |
|
Marketing and trading |
|
447 |
|
481 |
|
(34) |
|
1,697 |
|
1,325 |
|
372 |
|
78 |
|
Total purchased power |
|
3,274 |
|
3,465 |
|
(191) |
|
6,194 |
|
6,137 |
|
57 |
|
79 |
|
Total energy sources |
|
11,082 |
|
11,139 |
|
(57) |
|
26,604 |
|
26,322 |
|
282 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
POWER PLANT PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capacity Factors |
|
|
|
|
|
|
|
|
|
|
|
|
|
80 |
|
Nuclear |
|
96% |
|
100% |
|
(4)% |
|
94% |
|
92% |
|
2% |
|
81 |
|
Coal |
|
88% |
|
80% |
|
8% |
|
81% |
|
80% |
|
1% |
|
82 |
|
Gas, oil and other |
|
26% |
|
27% |
|
(1)% |
|
18% |
|
18% |
|
0% |
|
83 |
|
System average |
|
54% |
|
55% |
|
(1)% |
|
50% |
|
49% |
|
1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ECONOMIC INDICATORS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Building Permits - Metro Phoenix (a)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
84 |
|
Single-family |
|
1,866 |
|
1,322 |
|
544 |
|
4,925 |
|
4,709 |
|
216 |
|
85 |
|
Multi-family |
|
1,198 |
|
134 |
|
1,064 |
|
1,643 |
|
591 |
|
1,052 |
|
86 |
|
Total |
|
3,064 |
|
1,456 |
|
1,608 |
|
6,568 |
|
5,300 |
|
1,268 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Arizona Job Growth (b)(c) |
|
|
|
|
|
|
|
|
|
|
|
|
|
87 |
|
Payroll job growth (% over prior year) |
|
1.6% |
|
(1.5)% |
|
3.2% |
|
0.6% |
|
(2.6)% |
|
3.3% |
|
88 |
|
Unemployment rate (%, seasonally adjusted) |
|
9.3% |
|
9.9% |
|
(0.6)% |
|
9.4% |
|
10.0% |
|
(0.7)% |
|
|
|
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 September
|
See Glossary of Terms. |
|