Attached files
| file | filename |
|---|---|
| 8-K - 8-K - ARIZONA PUBLIC SERVICE CO | a12-17212_18k.htm |
| EX-99.1 - EX-99.1 - ARIZONA PUBLIC SERVICE CO | a12-17212_1ex99d1.htm |
| EX-99.3 - EX-99.3 - ARIZONA PUBLIC SERVICE CO | a12-17212_1ex99d3.htm |
Exhibit 99.2
Last updated 8/2/12
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2012 and 2011
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3 Months Ended June 30, |
|
6 Months Ended June 30, |
| ||||||||||||||
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Line |
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2012 |
|
2011 |
|
Incr (Decr) |
|
2012 |
|
2011 |
|
Incr (Decr) |
| ||||||
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EARNINGS CONTRIBUTION BY SUBSIDIARY (Dollars in Millions) |
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|
1 |
|
Arizona Public Service |
|
$ |
133 |
|
$ |
95 |
|
$ |
38 |
|
$ |
136 |
|
$ |
88 |
|
$ |
48 |
|
|
2 |
|
El Dorado |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
| ||||||
|
3 |
|
Parent Company |
|
(2 |
) |
(2 |
) |
— |
|
(5 |
) |
(5 |
) |
— |
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|
4 |
|
Income From Continuing Operations |
|
131 |
|
93 |
|
38 |
|
131 |
|
83 |
|
48 |
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Income (Loss) From Discontinued Operations - Net of Tax |
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5 |
|
SunCor |
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— |
|
— |
|
— |
|
(1 |
) |
— |
|
(1 |
) | ||||||
|
6 |
|
Other |
|
(1 |
) |
1 |
|
(2 |
) |
— |
|
1 |
|
(1 |
) | ||||||
|
7 |
|
Total |
|
(1 |
) |
1 |
|
(2 |
) |
(1 |
) |
1 |
|
(2 |
) | ||||||
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|
8 |
|
Net Income |
|
130 |
|
94 |
|
36 |
|
130 |
|
84 |
|
46 |
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|
9 |
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Less: Net Income Attributable to Noncontrolling Interests |
|
8 |
|
7 |
|
1 |
|
16 |
|
12 |
|
4 |
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|
10 |
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Net Income Attributable to Common Shareholders |
|
$ |
122 |
|
$ |
87 |
|
$ |
35 |
|
$ |
114 |
|
$ |
72 |
|
$ |
42 |
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EARNINGS PER SHARE BY SUBSIDIARY - DILUTED |
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|
11 |
|
Arizona Public Service |
|
$ |
1.20 |
|
$ |
0.86 |
|
$ |
0.34 |
|
$ |
1.24 |
|
$ |
0.81 |
|
$ |
0.43 |
|
|
12 |
|
El Dorado |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
| ||||||
|
13 |
|
Parent Company |
|
(0.01 |
) |
(0.01 |
) |
— |
|
(0.05 |
) |
(0.05 |
) |
— |
| ||||||
|
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|
|
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| ||||||
|
14 |
|
Income From Continuing Operations |
|
1.19 |
|
0.85 |
|
0.34 |
|
1.19 |
|
0.76 |
|
0.43 |
| ||||||
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Income (Loss) From Discontinued Operations - Net of Tax |
|
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|
|
|
|
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|
| ||||||
|
15 |
|
SunCor |
|
— |
|
— |
|
— |
|
(0.01 |
) |
— |
|
(0.01 |
) | ||||||
|
16 |
|
Other |
|
(0.01 |
) |
0.01 |
|
(0.02 |
) |
— |
|
0.01 |
|
(0.01 |
) | ||||||
|
17 |
|
Total |
|
(0.01 |
) |
0.01 |
|
(0.02 |
) |
(0.01 |
) |
0.01 |
|
(0.02 |
) | ||||||
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| ||||||
|
18 |
|
Net Income |
|
1.18 |
|
0.86 |
|
0.32 |
|
1.18 |
|
0.77 |
|
0.41 |
| ||||||
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| ||||||
|
19 |
|
Less: Net Income Attributable to Noncontrolling Interests |
|
0.07 |
|
0.07 |
|
— |
|
0.14 |
|
0.12 |
|
0.02 |
| ||||||
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| ||||||
|
20 |
|
Net Income Attributable to Common Shareholders |
|
$ |
1.11 |
|
$ |
0.79 |
|
$ |
0.32 |
|
$ |
1.04 |
|
$ |
0.65 |
|
$ |
0.39 |
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|
21 |
|
BOOK VALUE PER SHARE |
|
$ |
34.49 |
|
$ |
33.13 |
|
$ |
1.36 |
|
$ |
34.49 |
|
$ |
33.13 |
|
$ |
1.36 |
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COMMON SHARES OUTSTANDING (Thousands) |
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|
22 |
|
Average - Diluted |
|
110,359 |
|
109,718 |
|
641 |
|
110,183 |
|
109,540 |
|
643 |
| ||||||
|
23 |
|
End of Period |
|
109,540 |
|
109,090 |
|
450 |
|
109,540 |
|
109,090 |
|
450 |
| ||||||
See Glossary of Terms.
Last updated 8/2/12
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2012 and 2011
|
|
|
|
|
3 Months Ended June 30, |
|
6 Months Ended June 30, |
| ||||||||||||||
|
Line |
|
|
|
2012 |
|
2011 |
|
Incr (Decr) |
|
2012 |
|
2011 |
|
Incr (Decr) |
| ||||||
|
|
|
|
|
|
|
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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 |
|
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|
|
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|
| ||||||
|
|
|
Retail |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
24 |
|
Residential |
|
$ |
418 |
|
$ |
360 |
|
$ |
58 |
|
$ |
690 |
|
$ |
633 |
|
$ |
57 |
|
|
25 |
|
Business |
|
401 |
|
380 |
|
21 |
|
693 |
|
679 |
|
14 |
| ||||||
|
26 |
|
Total retail |
|
819 |
|
740 |
|
79 |
|
1,383 |
|
1,312 |
|
71 |
| ||||||
|
|
|
Wholesale revenue on delivered electricity |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
27 |
|
Traditional contracts |
|
22 |
|
20 |
|
2 |
|
34 |
|
31 |
|
3 |
| ||||||
|
28 |
|
Off-system sales |
|
16 |
|
16 |
|
— |
|
37 |
|
33 |
|
4 |
| ||||||
|
29 |
|
Transmission for others |
|
7 |
|
8 |
|
(1 |
) |
13 |
|
16 |
|
(3 |
) | ||||||
|
30 |
|
Other miscellaneous services |
|
14 |
|
15 |
|
(1 |
) |
31 |
|
55 |
|
(24 |
) | ||||||
|
31 |
|
Total regulated operating electricity revenues |
|
878 |
|
799 |
|
79 |
|
1,498 |
|
1,447 |
|
51 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
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|
MARKETING AND TRADING |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
32 |
|
Electricity and other commodity sales |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
| ||||||
|
33 |
|
Total operating electric revenues |
|
$ |
878 |
|
$ |
799 |
|
$ |
79 |
|
$ |
1,498 |
|
$ |
1,447 |
|
$ |
51 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
| ||||||
|
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|
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| ||||||
|
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|
ELECTRIC SALES (GWH) |
|
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|
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|
|
|
|
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|
| ||||||
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
|
|
REGULATED ELECTRICITY SEGMENT |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
|
|
Retail sales |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
34 |
|
Residential |
|
3,333 |
|
2,968 |
|
365 |
|
5,886 |
|
5,620 |
|
266 |
| ||||||
|
35 |
|
Business |
|
3,922 |
|
3,746 |
|
176 |
|
7,112 |
|
7,020 |
|
92 |
| ||||||
|
36 |
|
Total retail |
|
7,255 |
|
6,714 |
|
541 |
|
12,998 |
|
12,640 |
|
358 |
| ||||||
|
|
|
Wholesale electricity delivered |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
37 |
|
Traditional contracts |
|
334 |
|
270 |
|
64 |
|
497 |
|
412 |
|
85 |
| ||||||
|
38 |
|
Off-system sales |
|
652 |
|
690 |
|
(38 |
) |
1,518 |
|
1,336 |
|
182 |
| ||||||
|
39 |
|
Retail load hedge management |
|
50 |
|
37 |
|
13 |
|
80 |
|
69 |
|
11 |
| ||||||
|
40 |
|
Total regulated electricity |
|
8,291 |
|
7,711 |
|
580 |
|
15,093 |
|
14,457 |
|
636 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
|
|
MARKETING AND TRADING |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
41 |
|
Wholesale sales of electricity |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
| ||||||
|
42 |
|
Total electric sales |
|
8,291 |
|
7,711 |
|
580 |
|
15,093 |
|
14,457 |
|
636 |
| ||||||
See Glossary of Terms.
Last updated 8/2/12
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2012 and 2011
|
|
|
|
|
3 Months Ended June 30, |
|
6 Months Ended June 30, |
| ||||||||
|
Line |
|
|
|
2012 |
|
2011 |
|
Incr (Decr) |
|
2012 |
|
2011 |
|
Incr (Decr) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE ELECTRIC CUSTOMERS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail customers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
43 |
|
Residential |
|
1,001,323 |
|
992,605 |
|
8,718 |
|
1,004,452 |
|
996,148 |
|
8,304 |
|
|
44 |
|
Business |
|
127,209 |
|
125,759 |
|
1,450 |
|
126,921 |
|
125,676 |
|
1,245 |
|
|
45 |
|
Total |
|
1,128,532 |
|
1,118,364 |
|
10,168 |
|
1,131,373 |
|
1,121,824 |
|
9,549 |
|
|
46 |
|
Wholesale customers |
|
48 |
|
47 |
|
1 |
|
47 |
|
47 |
|
— |
|
|
47 |
|
Total customers |
|
1,128,580 |
|
1,118,411 |
|
10,169 |
|
1,131,420 |
|
1,121,871 |
|
9,549 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
48 |
|
Customer growth (% over prior year) |
|
0.9 |
% |
0.3 |
% |
0.6 |
% |
0.9 |
% |
0.4 |
% |
0.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RETAIL SALES (GWH) - WEATHER NORMALIZED |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49 |
|
Residential |
|
3,178 |
|
3,219 |
|
(41 |
) |
5,816 |
|
5,859 |
|
(43 |
) |
|
50 |
|
Business |
|
3,876 |
|
3,840 |
|
36 |
|
7,081 |
|
7,098 |
|
(17 |
) |
|
51 |
|
Total |
|
7,054 |
|
7,059 |
|
(5 |
) |
12,897 |
|
12,957 |
|
(60 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RETAIL USAGE (KWh/Average Customer) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
52 |
|
Residential |
|
3,328 |
|
2,990 |
|
338 |
|
5,860 |
|
5,642 |
|
218 |
|
|
53 |
|
Business |
|
30,836 |
|
29,783 |
|
1,053 |
|
56,033 |
|
55,857 |
|
176 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RETAIL USAGE - WEATHER NORMALIZED (KWh/Average Customer) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
54 |
|
Residential |
|
3,174 |
|
3,243 |
|
(69 |
) |
5,791 |
|
5,882 |
|
(91 |
) |
|
55 |
|
Business |
|
30,473 |
|
30,539 |
|
(66 |
) |
55,791 |
|
56,482 |
|
(691 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ELECTRICITY DEMAND (MW) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
56 |
|
Native load peak demand |
|
6,755 |
|
6,776 |
|
(21 |
) |
6,755 |
|
6,776 |
|
(21 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WEATHER INDICATORS - RESIDENTIAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Actual |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
57 |
|
Cooling degree-days |
|
568 |
|
375 |
|
193 |
|
568 |
|
375 |
|
193 |
|
|
58 |
|
Heating degree-days |
|
9 |
|
27 |
|
(18 |
) |
426 |
|
614 |
|
(188 |
) |
|
59 |
|
Average humidity |
|
15 |
% |
14 |
% |
1 |
% |
15 |
% |
14 |
% |
1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10-Year Averages |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
60 |
|
Cooling degree-days |
|
499 |
|
499 |
|
— |
|
499 |
|
499 |
|
— |
|
|
61 |
|
Heating degree-days |
|
13 |
|
13 |
|
— |
|
513 |
|
513 |
|
— |
|
|
62 |
|
Average humidity |
|
16 |
% |
16 |
% |
0 |
% |
16 |
% |
16 |
% |
0 |
% |
See Glossary of Terms.
Last updated 8/2/12
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2012 and 2011
|
|
|
|
|
3 Months Ended June 30, |
|
6 Months Ended June 30, |
| ||||||||
|
Line |
|
|
|
2012 |
|
2011 |
|
Incr (Decr) |
|
2012 |
|
2011 |
|
Incr (Decr) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENERGY SOURCES (GWH) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Generation production |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
63 |
|
Nuclear |
|
2,336 |
|
2,178 |
|
158 |
|
4,696 |
|
4,626 |
|
70 |
|
|
64 |
|
Coal |
|
2,376 |
|
2,988 |
|
(612 |
) |
4,948 |
|
5,938 |
|
(990 |
) |
|
65 |
|
Gas, oil and other |
|
2,180 |
|
1,197 |
|
983 |
|
3,424 |
|
2,038 |
|
1,386 |
|
|
66 |
|
Total generation production |
|
6,892 |
|
6,363 |
|
529 |
|
13,068 |
|
12,602 |
|
466 |
|
|
|
|
Purchased power |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
67 |
|
Firm load |
|
1,688 |
|
1,359 |
|
329 |
|
2,857 |
|
1,976 |
|
881 |
|
|
68 |
|
Marketing and trading |
|
100 |
|
358 |
|
(258 |
) |
170 |
|
585 |
|
(415 |
) |
|
69 |
|
Total purchased power |
|
1,788 |
|
1,717 |
|
71 |
|
3,027 |
|
2,561 |
|
466 |
|
|
70 |
|
Total energy sources |
|
8,680 |
|
8,080 |
|
600 |
|
16,095 |
|
15,163 |
|
932 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
POWER PLANT PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capacity Factors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
71 |
|
Nuclear |
|
93 |
% |
87 |
% |
6 |
% |
94 |
% |
93 |
% |
1 |
% |
|
72 |
|
Coal |
|
62 |
% |
78 |
% |
(16 |
)% |
65 |
% |
78 |
% |
(13 |
)% |
|
73 |
|
Gas, oil and other |
|
29 |
% |
17 |
% |
12 |
% |
23 |
% |
15 |
% |
8 |
% |
|
74 |
|
System average |
|
50 |
% |
48 |
% |
2 |
% |
47 |
% |
48 |
% |
(1 |
)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ECONOMIC INDICATORS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Building Permits (a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
75 |
|
Metro Phoenix |
|
3,189 |
|
1,841 |
|
1,348 |
|
5,418 |
|
3,504 |
|
1,914 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Arizona Job Growth (b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
76 |
|
Payroll job growth (% over prior year) |
|
2.1 |
% |
0.7 |
% |
1.4 |
% |
1.9 |
% |
0.7 |
% |
1.2 |
% |
|
77 |
|
Unemployment rate (%, seasonally adjusted) |
|
8.2 |
% |
9.6 |
% |
(1.4 |
)% |
8.4 |
% |
9.7 |
% |
(1.3 |
)% |
Sources:
(a) RL Brown Housing Reports — Builder’s Research Institute, LLC Home Builder’s Marketing, Inc.
(b) Arizona Department of Economic Security
See Glossary of Terms.