Attached files
| file | filename |
|---|---|
| EX-99.3 - EX-99.3 - ARIZONA PUBLIC SERVICE CO | a12-10750_1ex99d3.htm |
| 8-K - 8-K - ARIZONA PUBLIC SERVICE CO | a12-10750_18k.htm |
| EX-99.1 - EX-99.1 - ARIZONA PUBLIC SERVICE CO | a12-10750_1ex99d1.htm |
Exhibit 99.2
|
Last updated 5/3/12 |
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended March 31, 2012 and 2011
|
|
|
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|
3 Months Ended March |
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|
Line |
|
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2012 |
|
2011 |
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Incr (Decr) |
| |||
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|
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EARNINGS CONTRIBUTION BY SUBSIDIARY ($ Millions) |
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| |||
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|
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|
|
|
|
|
|
| |||
|
1 |
|
Arizona Public Service |
|
$ |
4 |
|
$ |
(7) |
|
$ |
11 |
|
|
2 |
|
APS Energy Services |
|
- |
|
- |
|
- |
| |||
|
3 |
|
SunCor |
|
- |
|
- |
|
- |
| |||
|
4 |
|
El Dorado |
|
- |
|
- |
|
- |
| |||
|
5 |
|
Parent Company |
|
(4) |
|
(3) |
|
(1) |
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|
|
|
|
|
|
|
|
|
|
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|
6 |
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Income From Continuing Operations |
|
- |
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(10) |
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10 |
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|
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|
|
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|
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Income (Loss) From Discontinued Operations - Net of Tax |
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|
|
|
|
| |||
|
7 |
|
SunCor |
|
(1) |
|
(1) |
|
- |
| |||
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8 |
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Other |
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1 |
|
1 |
|
- |
| |||
|
9 |
|
Total |
|
- |
|
- |
|
- |
| |||
|
|
|
|
|
|
|
|
|
|
| |||
|
10 |
|
Net Income |
|
- |
|
(10) |
|
10 |
| |||
|
|
|
|
|
|
|
|
|
|
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|
11 |
|
Less: Net Income (Loss) Attributable to Noncontrolling Interests |
|
8 |
|
5 |
|
3 |
| |||
|
|
|
|
|
|
|
|
|
|
| |||
|
12 |
|
Net Income Attributable to Common Shareholders |
|
$ |
(8) |
|
$ |
(15) |
|
$ |
7 |
|
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|
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EARNINGS PER SHARE BY SUBSIDIARY - DILUTED |
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|
|
|
|
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|
13 |
|
Arizona Public Service |
|
$ |
0.03 |
|
$ |
(0.06) |
|
$ |
0.09 |
|
|
14 |
|
APS Energy Services |
|
- |
|
- |
|
- |
| |||
|
15 |
|
SunCor |
|
- |
|
- |
|
- |
| |||
|
16 |
|
El Dorado |
|
- |
|
- |
|
- |
| |||
|
17 |
|
Parent Company |
|
(0.03) |
|
(0.04) |
|
0.01 |
| |||
|
|
|
|
|
|
|
|
|
|
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|
18 |
|
Income From Continuing Operations |
|
- |
|
(0.10) |
|
0.10 |
| |||
|
|
|
|
|
|
|
|
|
|
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Income (Loss) From Discontinued Operations - Net of Tax |
|
|
|
|
|
|
| |||
|
19 |
|
SunCor |
|
(0.01) |
|
- |
|
(0.01) |
| |||
|
20 |
|
Other |
|
- |
|
0.01 |
|
(0.01) |
| |||
|
21 |
|
Total |
|
(0.01) |
|
0.01 |
|
(0.02) |
| |||
|
|
|
|
|
|
|
|
|
|
| |||
|
22 |
|
Net Income |
|
(0.01) |
|
(0.09) |
|
0.08 |
| |||
|
|
|
|
|
|
|
|
|
|
| |||
|
23 |
|
Less: Net Income (Loss) Attributable to Noncontrolling Interests |
|
0.07 |
|
0.05 |
|
0.02 |
| |||
|
|
|
|
|
|
|
|
|
|
| |||
|
24 |
|
Net Income Attributable to Common Shareholders |
|
$ |
(0.08) |
|
$ |
(0.14) |
|
$ |
0.06 |
|
|
|
|
|
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|
25 |
|
BOOK VALUE PER SHARE |
|
$ |
34.24 |
|
$ |
33.31 |
|
$ |
0.93 |
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COMMON SHARES OUTSTANDING (Thousands) |
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|
|
|
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|
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|
26 |
|
Average - Diluted |
|
109,299 |
|
108,832 |
|
467 |
| |||
|
27 |
|
End of Period |
|
109,372 |
|
109,011 |
|
361 |
| |||
|
See Glossary of Terms. |
|
|
Last updated 5/3/12 |
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended March 31, 2012 and 2011
|
|
|
|
|
3 Months Ended March |
| |||||||
|
Line |
|
|
|
2012 |
|
2011 |
|
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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|
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|
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|
REGULATED ELECTRICITY SEGMENT |
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|
|
|
|
|
| |||
|
|
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Retail |
|
|
|
|
|
|
| |||
|
28 |
|
Residential |
|
$ |
273 |
|
$ |
273 |
|
$ |
(0) |
|
|
29 |
|
Business |
|
292 |
|
298 |
|
(6) |
| |||
|
30 |
|
Total retail |
|
565 |
|
571 |
|
(6) |
| |||
|
|
|
Wholesale revenue on delivered electricity |
|
|
|
|
|
|
| |||
|
31 |
|
Traditional contracts |
|
12 |
|
11 |
|
1 |
| |||
|
32 |
|
Off-system sales |
|
20 |
|
18 |
|
3 |
| |||
|
33 |
|
Transmission for others |
|
6 |
|
8 |
|
(2) |
| |||
|
34 |
|
Other miscellaneous services |
|
17 |
|
40 |
|
(23) |
| |||
|
35 |
|
Total regulated operating electricity revenues |
|
620 |
|
647 |
|
(27) |
| |||
|
|
|
|
|
|
|
|
|
|
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|
|
|
MARKETING AND TRADING |
|
|
|
|
|
|
| |||
|
36 |
|
Electricity and other commodity sales |
|
- |
|
- |
|
- |
| |||
|
37 |
|
Total operating electric revenues |
|
$ |
620 |
|
$ |
647 |
|
$ |
(27) |
|
|
|
|
|
|
|
|
|
|
|
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ELECTRIC SALES (GWH) |
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|
| |||
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|
| |||
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REGULATED ELECTRICITY SEGMENT |
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|
|
|
|
|
| |||
|
|
|
Retail sales |
|
|
|
|
|
|
| |||
|
38 |
|
Residential |
|
2,553 |
|
2,652 |
|
(99) |
| |||
|
39 |
|
Business |
|
3,189 |
|
3,274 |
|
(85) |
| |||
|
40 |
|
Total retail |
|
5,743 |
|
5,926 |
|
(184) |
| |||
|
|
|
Wholesale electricity delivered |
|
|
|
|
|
|
| |||
|
41 |
|
Traditional contracts |
|
163 |
|
143 |
|
20 |
| |||
|
42 |
|
Off-system sales |
|
866 |
|
647 |
|
220 |
| |||
|
43 |
|
Retail load hedge management |
|
31 |
|
31 |
|
(0) |
| |||
|
44 |
|
Total regulated electricity |
|
6,802 |
|
6,747 |
|
56 |
| |||
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
MARKETING AND TRADING |
|
|
|
|
|
|
| |||
|
45 |
|
Wholesale sales of electricity |
|
- |
|
- |
|
- |
| |||
|
46 |
|
Total electric sales |
|
6,802 |
|
6,747 |
|
56 |
| |||
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
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|
|
|
|
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POWER SUPPLY ADJUSTOR (“PSA”) - REGULATED ELECTRICITY SEGMENT (Dollars in Millions) |
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
| |||
|
47 |
|
Deferred fuel and purchased power regulatory asset/(liability) - beginning balance |
|
$ |
28 |
|
$ |
(58) |
|
$ |
86 |
|
|
48 |
|
Deferred fuel and purchased power costs - current period |
|
(47) |
|
(50) |
|
3 |
| |||
|
49 |
|
Interest on deferred fuel |
|
- |
|
- |
|
- |
| |||
|
50 |
|
Amounts refunded/(recovered) through revenues |
|
24 |
|
31 |
|
(7) |
| |||
|
51 |
|
Deferred fuel and purchased power regulatory asset/(liability) - ending balance |
|
$ |
5 |
|
$ |
(77) |
|
$ |
82 |
|
|
See Glossary of Terms. |
|
|
Last updated 5/3/12 |
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended March 31, 2012 and 2011
|
|
|
|
|
3 Months Ended March |
| ||||
|
Line |
|
|
|
2012 |
|
2011 |
|
Incr (Decr) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE ELECTRIC CUSTOMERS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail customers |
|
|
|
|
|
|
|
|
52 |
|
Residential |
|
1,007,582 |
|
999,692 |
|
7,890 |
|
|
53 |
|
Business |
|
126,632 |
|
125,591 |
|
1,040 |
|
|
54 |
|
Total |
|
1,134,213 |
|
1,125,283 |
|
8,930 |
|
|
55 |
|
Wholesale customers |
|
47 |
|
47 |
|
- |
|
|
56 |
|
Total customers |
|
1,134,260 |
|
1,125,330 |
|
8,930 |
|
|
|
|
|
|
|
|
|
|
|
|
|
57 |
|
Customer growth (% over prior year) |
|
0.8% |
|
0.4% |
|
0.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RETAIL SALES (GWH) - WEATHER NORMALIZED |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
58 |
|
Residential |
|
2,638 |
|
2,640 |
|
(2) |
|
|
59 |
|
Business |
|
3,205 |
|
3,258 |
|
(53) |
|
|
60 |
|
Total |
|
5,843 |
|
5,898 |
|
(55) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RETAIL USAGE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
61 |
|
Residential |
|
2,534 |
|
2,653 |
|
(119) |
|
|
62 |
|
Business |
|
25,185 |
|
26,071 |
|
(886) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
RETAIL USAGE - |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
63 |
|
Residential |
|
2,618 |
|
2,641 |
|
(22) |
|
|
64 |
|
Business |
|
25,306 |
|
25,940 |
|
(633) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
ELECTRICITY DEMAND (MW) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
65 |
|
Native load peak demand |
|
4,113 |
|
4,814 |
|
(701) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
WEATHER INDICATORS - RESIDENTIAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Actual |
|
|
|
|
|
|
|
|
66 |
|
Cooling degree-days |
|
- |
|
- |
|
- |
|
|
67 |
|
Heating degree-days |
|
417 |
|
587 |
|
(170) |
|
|
68 |
|
Average humidity |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10-Year Averages |
|
|
|
|
|
|
|
|
69 |
|
Cooling degree-days |
|
- |
|
- |
|
- |
|
|
70 |
|
Heating degree-days |
|
500 |
|
500 |
|
- |
|
|
71 |
|
Average humidity |
|
- |
|
- |
|
- |
|
|
See Glossary of Terms. |
|
|
Last updated 5/3/12 |
|
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended March 31, 2012 and 2011
|
|
|
|
|
3 Months Ended March |
| ||||
|
Line |
|
|
|
2012 |
|
2011 |
|
Incr (Decr) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY SOURCES (GWH) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Generation production |
|
|
|
|
|
|
|
|
72 |
|
Nuclear |
|
2,360 |
|
2,448 |
|
(88) |
|
|
73 |
|
Coal |
|
2,571 |
|
2,950 |
|
(379) |
|
|
74 |
|
Gas, oil and other |
|
1,244 |
|
839 |
|
405 |
|
|
75 |
|
Total generation production |
|
6,175 |
|
6,237 |
|
(62) |
|
|
|
|
Purchased power |
|
|
|
|
|
|
|
|
76 |
|
Firm load |
|
1,169 |
|
617 |
|
552 |
|
|
77 |
|
Marketing and trading |
|
71 |
|
227 |
|
(156) |
|
|
78 |
|
Total purchased power |
|
1,240 |
|
844 |
|
396 |
|
|
79 |
|
Total energy sources |
|
7,415 |
|
7,081 |
|
334 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
POWER PLANT PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capacity Factors |
|
|
|
|
|
|
|
|
80 |
|
Nuclear |
|
94% |
|
99% |
|
(5)% |
|
|
81 |
|
Coal |
|
67% |
|
78% |
|
(11)% |
|
|
82 |
|
Gas, oil and other |
|
17% |
|
12% |
|
5% |
|
|
83 |
|
System average |
|
45% |
|
47% |
|
(2)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ECONOMIC INDICATORS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Building Permits (a) |
|
|
|
|
|
|
|
|
84 |
|
Metro Phoenix |
|
2,446 |
|
1,663 |
|
783 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Arizona Job Growth (b) |
|
|
|
|
|
|
|
|
85 |
|
Payroll job growth (% over prior year) |
|
1.7% |
|
0.7% |
|
0.9% |
|
|
86 |
|
Unemployment rate |
|
8.7% |
|
9.7% |
|
(1.1)% |
|
|
Sources: | |
|
(a) |
Arizona Real Estate Center, Arizona State University W.P. Carey College of Business and Home Builders Marketing, Inc. /RLBrown Reports |
|
(b) |
Arizona Department of Economic Security |
|
See Glossary of Terms. |
|