Exhibit 99.1
Last Updated 8/4/2009
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2009 and 2008
Periods Ended June 30, 2009 and 2008
| 3 Months Ended June | 6 Months Ended June | |||||||||||||||||||||||||
| Line | 2009 | 2008 | Incr (Decr) | 2009 | 2008 | Incr (Decr) | ||||||||||||||||||||
EARNINGS CONTRIBUTION BY SUBSIDIARY ($ Millions) | ||||||||||||||||||||||||||
| 1 | Arizona Public Service | $ | 78 | $ | 125 | $ | (47 | ) | $ | 63 | $ | 119 | $ | (56 | ) | |||||||||||
| 2 | APS Energy Services | — | — | — | (1 | ) | — | (1 | ) | |||||||||||||||||
| 3 | SunCor | (14 | ) | (6 | ) | (8 | ) | (238 | ) | (10 | ) | (228 | ) | |||||||||||||
| 4 | El Dorado | — | (5 | ) | 5 | (6 | ) | (6 | ) | — | ||||||||||||||||
| 5 | Parent Company | 7 | (1 | ) | 8 | 85 | 3 | 82 | ||||||||||||||||||
| 6 | Income (Loss) From Continuing Operations | 71 | 113 | (42 | ) | (97 | ) | 106 | (203 | ) | ||||||||||||||||
| Income (Loss) From Discontinued Operations — Net of Tax | ||||||||||||||||||||||||||
| 7 | SunCor | (5 | ) | 21 | (26 | ) | (9 | ) | 23 | (32 | ) | |||||||||||||||
| 8 | Other | 2 | — | 2 | 4 | — | 4 | |||||||||||||||||||
| 9 | Total | (3 | ) | 21 | (24 | ) | (5 | ) | 23 | (28 | ) | |||||||||||||||
| 10 | Net Income (Loss) | 68 | 134 | (66 | ) | (102 | ) | 129 | (231 | ) | ||||||||||||||||
| 11 | Less: Net Income (Loss) Attributable to Noncontrolling Interests | — | — | — | (14 | ) | — | (14 | ) | |||||||||||||||||
| 12 | Net Income (Loss) Attributable to Common Shareholders | $ | 68 | $ | 134 | $ | (66 | ) | $ | (88 | ) | $ | 129 | $ | (217 | ) | ||||||||||
EARNINGS PER SHARE BY SUBSIDIARY — DILUTED | ||||||||||||||||||||||||||
| 13 | Arizona Public Service | $ | 0.78 | $ | 1.24 | $ | (0.46 | ) | $ | 0.62 | $ | 1.18 | $ | (0.56 | ) | |||||||||||
| 14 | APS Energy Services | — | — | — | (0.01 | ) | 0.01 | (0.02 | ) | |||||||||||||||||
| 15 | SunCor | (0.14 | ) | (0.06 | ) | (0.08 | ) | (2.35 | ) | (0.09 | ) | (2.26 | ) | |||||||||||||
| 16 | El Dorado | (0.01 | ) | (0.05 | ) | 0.04 | (0.06 | ) | (0.07 | ) | 0.01 | |||||||||||||||
| 17 | Parent Company | 0.07 | (0.01 | ) | 0.08 | 0.84 | 0.03 | 0.81 | ||||||||||||||||||
| 18 | Income (Loss) From Continuing Operations | 0.70 | 1.12 | (0.42 | ) | (0.96 | ) | 1.06 | (2.02 | ) | ||||||||||||||||
| Income (Loss) From Discontinued Operations — Net of Tax | ||||||||||||||||||||||||||
| 19 | SunCor | (0.04 | ) | 0.21 | (0.25 | ) | (0.09 | ) | 0.23 | (0.32 | ) | |||||||||||||||
| 20 | Other | 0.02 | — | 0.02 | 0.04 | (0.01 | ) | 0.05 | ||||||||||||||||||
| 21 | Total | (0.02 | ) | 0.21 | (0.23 | ) | (0.05 | ) | 0.22 | (0.27 | ) | |||||||||||||||
| 22 | Net Income (Loss) | 0.68 | 1.33 | (0.65 | ) | (1.01 | ) | 1.28 | (2.29 | ) | ||||||||||||||||
| 23 | Less: Net Income (Loss) Attributable to Noncontrolling Interests | — | — | — | (0.14 | ) | — | (0.14 | ) | |||||||||||||||||
| 24 | Net Income (Loss) Attributable to Common Shareholders | $ | 0.68 | $ | 1.33 | $ | (0.65 | ) | $ | (0.87 | ) | $ | 1.28 | $ | (2.15 | ) | ||||||||||
| 25 | BOOK VALUE PER SHARE | $ | 31.70 | $ | 37.22 | $ | (5.52 | ) | $ | 31.70 | $ | 37.22 | $ | (5.52 | ) | |||||||||||
COMMON SHARES OUTSTANDING (Thousands) | ||||||||||||||||||||||||||
| 26 | Average — Diluted | 101,193 | 100,917 | 276 | 101,048 | 100,856 | 192 | |||||||||||||||||||
| 27 | End of Period | 101,171 | 100,706 | 465 | 101,171 | 100,706 | 465 | |||||||||||||||||||
| See Glossary of Terms. | Page 1 of 4 |
Last Updated 8/4/2009
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2009 and 2008
Periods Ended June 30, 2009 and 2008
| 3 Months Ended June | 6 Months Ended June | |||||||||||||||||||||||||
| Line | 2009 | 2008 | Incr (Decr) | 2009 | 2008 | Incr (Decr) | ||||||||||||||||||||
ELECTRIC OPERATING REVENUES (Dollars in Millions) | ||||||||||||||||||||||||||
REGULATED ELECTRICITY SEGMENT | ||||||||||||||||||||||||||
Retail | ||||||||||||||||||||||||||
| 28 | Residential | $ | 377 | $ | 365 | $ | 12 | $ | 633 | $ | 636 | $ | (3 | ) | ||||||||||||
| 29 | Business | 389 | 396 | (7 | ) | 687 | 696 | (9 | ) | |||||||||||||||||
| 30 | Total retail | 766 | 761 | 5 | 1,320 | 1,332 | (12 | ) | ||||||||||||||||||
Wholesale revenue on delivered electricity | ||||||||||||||||||||||||||
| 31 | Traditional contracts | 17 | 22 | (5 | ) | 28 | 34 | (6 | ) | |||||||||||||||||
| 32 | Off-system sales | 12 | 30 | (18 | ) | 34 | 54 | (20 | ) | |||||||||||||||||
| 33 | Transmission for others | 8 | 8 | — | 15 | 15 | — | |||||||||||||||||||
| 34 | Other miscellaneous services | 9 | 8 | 1 | 18 | 17 | 1 | |||||||||||||||||||
| 35 | Total regulated operating electricity revenues | 812 | 829 | (17 | ) | 1,415 | 1,452 | (37 | ) | |||||||||||||||||
MARKETING AND TRADING | ||||||||||||||||||||||||||
| 36 | Electricity and other commodity sales | — | 23 | (23 | ) | — | 53 | (53 | ) | |||||||||||||||||
| 37 | Total operating electric revenues | $ | 812 | $ | 852 | $ | (40 | ) | $ | 1,415 | $ | 1,505 | $ | (90 | ) | |||||||||||
ELECTRIC SALES (GWH) | ||||||||||||||||||||||||||
REGULATED ELECTRICITY SEGMENT | ||||||||||||||||||||||||||
Retail sales | ||||||||||||||||||||||||||
| 38 | Residential | 3,180 | 3,112 | 68 | 5,679 | 5,886 | (207 | ) | ||||||||||||||||||
| 39 | Business | 3,842 | 3,990 | (148 | ) | 7,102 | 7,328 | (226 | ) | |||||||||||||||||
| 40 | Total retail | 7,022 | 7,102 | (80 | ) | 12,781 | 13,214 | (433 | ) | |||||||||||||||||
Wholesale electricity delivered | ||||||||||||||||||||||||||
| 41 | Traditional contracts | 232 | 319 | (87 | ) | 397 | 541 | (144 | ) | |||||||||||||||||
| 42 | Off-system sales | 720 | 610 | 110 | 1,417 | 1,026 | 391 | |||||||||||||||||||
| 43 | Retail load hedge management | 225 | 159 | 66 | 377 | 321 | 56 | |||||||||||||||||||
| 44 | Total regulated electricity | 8,199 | 8,190 | 9 | 14,972 | 15,102 | (130 | ) | ||||||||||||||||||
MARKETING AND TRADING | ||||||||||||||||||||||||||
| 45 | Wholesale sales of electricity | — | 979 | (979 | ) | — | 1,890 | (1,890 | ) | |||||||||||||||||
| 46 | Total electric sales | 8,199 | 9,169 | (970 | ) | 14,972 | 16,992 | (2,020 | ) | |||||||||||||||||
POWER SUPPLY ADJUSTOR (“PSA”) — REGULATED ELECTRICITY SEGMENT (Dollars in Millions) | ||||||||||||||||||||||||||
| 47 | Deferred fuel and purchased power regulatory asset — beginning balance | $ | (49 | ) | $ | 50 | $ | (99 | ) | $ | 8 | $ | 111 | $ | (103 | ) | ||||||||||
| 48 | Deferred fuel and purchased power costs — current period | 15 | 37 | (22 | ) | (13 | ) | 26 | (39 | ) | ||||||||||||||||
| 49 | Interest on deferred fuel | — | — | — | — | 1 | (1 | ) | ||||||||||||||||||
| 50 | Amounts recovered through revenues | (37 | ) | (64 | ) | 27 | (66 | ) | (115 | ) | 49 | |||||||||||||||
| 51 | Deferred fuel and purchased power regulatory asset — ending balance | $ | (71 | ) | $ | 23 | $ | (94 | ) | $ | (71 | ) | $ | 23 | $ | (94 | ) | |||||||||
| See Glossary of Terms. | Page 2 of 4 |
Last Updated 8/4/2009
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2009 and 2008
Periods Ended June 30, 2009 and 2008
| 3 Months Ended June | 6 Months Ended June | |||||||||||||||||||||||||
| Line | 2009 | 2008 | Incr (Decr) | 2009 | 2008 | Incr (Decr) | ||||||||||||||||||||
AVERAGE ELECTRIC CUSTOMERS | ||||||||||||||||||||||||||
Retail customers | ||||||||||||||||||||||||||
| 52 | Residential | 981,749 | 975,594 | 6,155 | 985,212 | 979,026 | 6,186 | |||||||||||||||||||
| 53 | Business | 125,245 | 123,802 | 1,443 | 125,178 | 123,318 | 1,860 | |||||||||||||||||||
| 54 | Total | 1,106,994 | 1,099,396 | 7,598 | 1,110,390 | 1,102,344 | 8,046 | |||||||||||||||||||
| 55 | Wholesale customers | 44 | 54 | (10 | ) | 47 | 52 | (5 | ) | |||||||||||||||||
| 56 | Total customers | 1,107,038 | 1,099,450 | 7,588 | 1,110,437 | 1,102,396 | 8,041 | |||||||||||||||||||
| 57 | Customer growth (% over prior year) | 0.7 | % | 1.6 | % | (0.9 | )% | 0.7 | % | 1.8 | % | (1.1 | )% | |||||||||||||
RETAIL SALES (GWH) — WEATHER NORMALIZED | ||||||||||||||||||||||||||
| 58 | Residential | 3,199 | 3,247 | (48 | ) | 5,808 | 5,941 | (133 | ) | |||||||||||||||||
| 59 | Business | 3,818 | 4,034 | (216 | ) | 7,104 | 7,334 | (230 | ) | |||||||||||||||||
| 60 | Total | 7,017 | 7,281 | (264 | ) | 12,912 | 13,275 | (363 | ) | |||||||||||||||||
RETAIL USAGE (KWh/Average Customer) | ||||||||||||||||||||||||||
| 61 | Residential | 3,239 | 3,190 | 49 | 5,764 | 6,012 | (248 | ) | ||||||||||||||||||
| 62 | Business | 30,678 | 32,229 | (1,551 | ) | 56,738 | 59,424 | (2,686 | ) | |||||||||||||||||
RETAIL USAGE — WEATHER NORMALIZED (KWh/Average Customer) | ||||||||||||||||||||||||||
| 63 | Residential | 3,259 | 3,328 | (69 | ) | 5,895 | 6,068 | (173 | ) | |||||||||||||||||
| 64 | Business | 30,484 | 32,581 | (2,097 | ) | 56,753 | 59,469 | (2,716 | ) | |||||||||||||||||
ELECTRICITY DEMAND (MW) | ||||||||||||||||||||||||||
| 65 | Native load peak demand | 6,452 | 6,771 | (319 | ) | 6,452 | 6,771 | (319 | ) | |||||||||||||||||
WEATHER INDICATORS | ||||||||||||||||||||||||||
Actual | ||||||||||||||||||||||||||
| 66 | Cooling degree-days | 1,583 | 1,540 | 43 | 1,687 | 1,645 | 42 | |||||||||||||||||||
| 67 | Heating degree-days | 24 | — | 24 | 407 | 583 | (176 | ) | ||||||||||||||||||
| 68 | Average humidity | 20 | % | 17 | % | 3 | % | 28 | % | 29 | % | (1 | )% | |||||||||||||
10-Year Averages | ||||||||||||||||||||||||||
| 69 | Cooling degree-days | 1,550 | 1,554 | (4 | ) | 1,621 | 1,650 | (29 | ) | |||||||||||||||||
| 70 | Heating degree-days | 25 | 28 | (3 | ) | 596 | 545 | 51 | ||||||||||||||||||
| 71 | Average humidity | 22 | % | 22 | % | 0 | % | 31 | % | 32 | % | (1 | )% | |||||||||||||
| See Glossary of Terms. | Page 3 of 4 |
Last Updated 8/4/2009
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2009 and 2008
Periods Ended June 30, 2009 and 2008
| 3 Months Ended June | 6 Months Ended June | |||||||||||||||||||||||||
| Line | 2009 | 2008 | Incr (Decr) | 2009 | 2008 | Incr (Decr) | ||||||||||||||||||||
ENERGY SOURCES (GWH) | ||||||||||||||||||||||||||
Generation production | ||||||||||||||||||||||||||
| 72 | Nuclear | 2,014 | 1,856 | 158 | 4,506 | 4,171 | 335 | |||||||||||||||||||
| 73 | Coal | 2,857 | 3,227 | (370 | ) | 5,807 | 6,133 | (326 | ) | |||||||||||||||||
| 74 | Gas, oil and other | 1,283 | 1,516 | (233 | ) | 2,306 | 2,664 | (358 | ) | |||||||||||||||||
| 75 | Total generation production | 6,154 | 6,599 | (445 | ) | 12,619 | 12,968 | (349 | ) | |||||||||||||||||
Purchased power | ||||||||||||||||||||||||||
| 76 | Firm load | 1,890 | 1,603 | 287 | 2,398 | 2,343 | 55 | |||||||||||||||||||
| 77 | Marketing and trading | 726 | 1,506 | (780 | ) | 986 | 2,702 | (1,716 | ) | |||||||||||||||||
| 78 | Total purchased power | 2,616 | 3,109 | (493 | ) | 3,384 | 5,045 | (1,661 | ) | |||||||||||||||||
| 79 | Total energy sources | 8,770 | 9,708 | (938 | ) | 16,003 | 18,013 | (2,010 | ) | |||||||||||||||||
POWER PLANT PERFORMANCE | ||||||||||||||||||||||||||
Capacity Factors | ||||||||||||||||||||||||||
| 80 | Nuclear | 81 | % | 74 | % | 7 | % | 91 | % | 83 | % | 8 | % | |||||||||||||
| 81 | Coal | 75 | % | 85 | % | (10 | )% | 77 | % | 81 | % | (4 | )% | |||||||||||||
| 82 | Gas, oil and other | 17 | % | 21 | % | (4 | )% | 16 | % | 18 | % | (2 | )% | |||||||||||||
| 83 | System average | 45 | % | 49 | % | (4 | )% | 46 | % | 48 | % | (2 | )% | |||||||||||||
ECONOMIC INDICATORS | ||||||||||||||||||||||||||
Building Permits — Metro Phoenix (a) | ||||||||||||||||||||||||||
| 84 | Single-family | 1,978 | 3,732 | (1,754 | ) | 2,815 | 6,723 | (3,908 | ) | |||||||||||||||||
| 85 | Multi-family | 364 | 2,263 | (1,899 | ) | 903 | 4,151 | (3,248 | ) | |||||||||||||||||
| 86 | Total | 2,342 | 5,995 | (3,653 | ) | 3,718 | 10,874 | (7,156 | ) | |||||||||||||||||
Arizona Job Growth (b) | ||||||||||||||||||||||||||
| 87 | Payroll job growth (% over prior year) | (7.1 | )% | (1.3 | )% | (5.8 | )% | (6.8 | )% | (0.7 | )% | (6.1 | )% | |||||||||||||
| 88 | Unemployment rate (%, seasonally adjusted) | 8.2 | % | 5.2 | % | 3.0 | % | 7.8 | % | 4.9 | % | 2.9 | % | |||||||||||||
| Sources: | ||
| (a) | Arizona Real Estate Center, Arizona State University W.P. Carey College of Business | |
| (b) | Arizona Department of Economic Security | |
| See Glossary of Terms. | Page 4 of 4 |