Exhibit 99.2
Last Updated 2/18/2011
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended December 31, 2010 and 2009
Quarterly Consolidated Statistical Summary
Periods Ended December 31, 2010 and 2009
3 Months Ended December | 12 Months Ended December | |||||||||||||||||||||||||
Line | 2010 | 2009 | Incr (Decr) | 2010 | 2009 | Incr (Decr) | ||||||||||||||||||||
EARNINGS CONTRIBUTION BY SUBSIDIARY ($ Millions) | ||||||||||||||||||||||||||
1 | Arizona Public Service | $ | 13 | $ | (4 | ) | $ | 17 | $ | 356 | $ | 270 | $ | 86 | ||||||||||||
2 | APS Energy Services | 2 | (1 | ) | 3 | 5 | (4 | ) | 9 | |||||||||||||||||
3 | SunCor | — | — | — | — | — | — | |||||||||||||||||||
4 | El Dorado | — | (1 | ) | 1 | 2 | (7 | ) | 9 | |||||||||||||||||
5 | Parent Company | (3 | ) | (5 | ) | 2 | (12 | ) | (6 | ) | (6 | ) | ||||||||||||||
6 | Income From Continuing Operations | 12 | (11 | ) | 23 | 351 | 253 | 98 | ||||||||||||||||||
Income (Loss) From Discontinued Operations — Net of Tax | ||||||||||||||||||||||||||
7 | SunCor | — | (26 | ) | 26 | (9 | ) | (294 | ) | 285 | ||||||||||||||||
8 | Other | — | 12 | (12 | ) | 28 | 114 | (86 | ) | |||||||||||||||||
9 | Total | — | (14 | ) | 14 | 19 | (180 | ) | 199 | |||||||||||||||||
10 | Net Income | 12 | (25 | ) | 37 | 370 | 73 | 297 | ||||||||||||||||||
11 | Less: Net Income (Loss) Attributable to Noncontrolling Interests | 5 | 5 | — | 20 | 5 | 15 | |||||||||||||||||||
12 | Net Income Attributable to Common Shareholders | $ | 7 | $ | (30 | ) | $ | 37 | $ | 350 | $ | 68 | $ | 282 | ||||||||||||
EARNINGS PER SHARE BY SUBSIDIARY — DILUTED | ||||||||||||||||||||||||||
13 | Arizona Public Service | $ | 0.12 | $ | (0.04 | ) | $ | 0.16 | $ | 3.32 | $ | 2.67 | $ | 0.65 | ||||||||||||
14 | APS Energy Services | 0.01 | (0.01 | ) | 0.02 | 0.05 | (0.04 | ) | 0.09 | |||||||||||||||||
15 | SunCor | — | — | — | — | — | — | |||||||||||||||||||
16 | El Dorado | — | (0.01 | ) | 0.01 | 0.01 | (0.07 | ) | 0.08 | |||||||||||||||||
17 | Parent Company | (0.02 | ) | (0.05 | ) | 0.03 | (0.11 | ) | (0.07 | ) | (0.04 | ) | ||||||||||||||
18 | Income From Continuing Operations | 0.11 | (0.11 | ) | 0.22 | 3.27 | 2.49 | 0.78 | ||||||||||||||||||
Income (Loss) From Discontinued Operations — Net of Tax | ||||||||||||||||||||||||||
19 | SunCor | 0.01 | (0.26 | ) | 0.27 | (0.08 | ) | (2.91 | ) | 2.83 | ||||||||||||||||
20 | Other | — | 0.12 | (0.12 | ) | 0.27 | 1.13 | (0.86 | ) | |||||||||||||||||
21 | Total | 0.01 | (0.14 | ) | 0.15 | 0.19 | (1.78 | ) | 1.97 | |||||||||||||||||
22 | Net Income | 0.12 | (0.25 | ) | 0.37 | 3.46 | 0.71 | 2.75 | ||||||||||||||||||
23 | Less: Net Income (Loss) Attributable to Noncontrolling Interests | 0.05 | 0.05 | — | 0.19 | 0.04 | 0.15 | |||||||||||||||||||
24 | Net Income Attributable to Common Shareholders | $ | 0.07 | $ | (0.30 | ) | $ | 0.37 | $ | 3.27 | $ | 0.67 | $ | 2.60 | ||||||||||||
25 | BOOK VALUE PER SHARE | $ | 33.86 | $ | 32.69 | $ | 1.17 | $ | 33.86 | $ | 32.69 | $ | 1.17 | |||||||||||||
COMMON SHARES OUTSTANDING (Thousands) | ||||||||||||||||||||||||||
26 | Average — Diluted | 109,224 | 101,320 | 7,904 | 107,138 | 101,264 | 5,874 | |||||||||||||||||||
27 | End of Period | 108,770 | 101,435 | 7,335 | 108,770 | 101,435 | 7,335 |
See Glossary of Terms. | Page 1 of 4 |
Last Updated 2/18/2011
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended December 31, 2010 and 2009
Periods Ended December 31, 2010 and 2009
3 Months Ended December | 12 Months Ended December | |||||||||||||||||||||||||
Line | 2010 | 2009 | Incr (Decr) | 2010 | 2009 | Incr (Decr) | ||||||||||||||||||||
ELECTRIC OPERATING REVENUES (Dollars in Millions) | ||||||||||||||||||||||||||
REGULATED ELECTRICITY SEGMENT | ||||||||||||||||||||||||||
Retail | ||||||||||||||||||||||||||
28 | Residential | $ | 281 | $ | 275 | $ | 6 | $ | 1,504 | $ | 1,496 | $ | 8 | |||||||||||||
29 | Business | 324 | 334 | (10 | ) | 1,441 | 1,467 | (26 | ) | |||||||||||||||||
30 | Total retail | 605 | 609 | (4 | ) | 2,945 | 2,963 | (18 | ) | |||||||||||||||||
Wholesale revenue on delivered electricity | ||||||||||||||||||||||||||
31 | Traditional contracts | 11 | 10 | 1 | 65 | 59 | 6 | |||||||||||||||||||
32 | Off-system sales | 20 | 16 | 4 | 86 | 58 | 28 | |||||||||||||||||||
33 | Transmission for others | 8 | 8 | — | 34 | 33 | 1 | |||||||||||||||||||
34 | Other miscellaneous services | 10 | 7 | 3 | 50 | 36 | 14 | |||||||||||||||||||
35 | Total regulated operating electricity revenues | 654 | 650 | 4 | 3,180 | 3,149 | 31 | |||||||||||||||||||
MARKETING AND TRADING | ||||||||||||||||||||||||||
36 | Electricity and other commodity sales | — | — | — | 1 | — | 1 | |||||||||||||||||||
37 | Total operating electric revenues | $ | 654 | $ | 650 | $ | 4 | $ | 3,181 | $ | 3,149 | $ | 32 | |||||||||||||
ELECTRIC SALES (GWH) | ||||||||||||||||||||||||||
REGULATED ELECTRICITY SEGMENT | ||||||||||||||||||||||||||
Retail sales | ||||||||||||||||||||||||||
38 | Residential | 2,613 | 2,587 | 26 | 13,035 | 13,214 | (179 | ) | ||||||||||||||||||
39 | Business | 3,463 | 3,484 | (21 | ) | 14,674 | 14,959 | (285 | ) | |||||||||||||||||
40 | Total retail | 6,076 | 6,071 | 5 | 27,709 | 28,173 | (464 | ) | ||||||||||||||||||
Wholesale electricity delivered | ||||||||||||||||||||||||||
41 | Traditional contracts | 127 | 137 | (10 | ) | 750 | 829 | (79 | ) | |||||||||||||||||
42 | Off-system sales | 674 | 437 | 237 | 2,742 | 2,228 | 514 | |||||||||||||||||||
43 | Retail load hedge management | 116 | 137 | (21 | ) | 679 | 1,054 | (375 | ) | |||||||||||||||||
44 | Total regulated electricity | 6,993 | 6,782 | 211 | 31,880 | 32,284 | (404 | ) | ||||||||||||||||||
MARKETING AND TRADING | ||||||||||||||||||||||||||
45 | Wholesale sales of electricity | — | — | — | — | — | — | |||||||||||||||||||
46 | Total electric sales | 6,993 | 6,782 | 211 | 31,880 | 32,284 | (404 | ) | ||||||||||||||||||
POWER SUPPLY ADJUSTOR (“PSA”) - - REGULATED ELECTRICITY SEGMENT (Dollars in Millions) | ||||||||||||||||||||||||||
47 | Deferred fuel and purchased power regulatory asset — beginning balance | $ | (41 | ) | $ | (60 | ) | $ | 19 | $ | (87 | ) | $ | 8 | $ | (95 | ) | |||||||||
48 | Deferred fuel and purchased power costs — current period | (44 | ) | 5 | (49 | ) | (93 | ) | 52 | (145 | ) | |||||||||||||||
49 | Interest on deferred fuel | — | — | — | — | — | — | |||||||||||||||||||
50 | Amounts recovered through revenues | 27 | (32 | ) | 59 | 122 | (147 | ) | 269 | |||||||||||||||||
51 | Deferred fuel and purchased power regulatory asset — ending balance | $ | (58 | ) | $ | (87 | ) | $ | 29 | $ | (58 | ) | $ | (87 | ) | $ | 29 | |||||||||
See Glossary of Terms. | Page 2 of 4 |
Last Updated 2/18/2011
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended December 31, 2010 and 2009
Periods Ended December 31, 2010 and 2009
3 Months Ended December | 12 Months Ended December | |||||||||||||||||||||||||
Line | 2010 | 2009 | Incr (Decr) | 2010 | 2009 | Incr (Decr) | ||||||||||||||||||||
AVERAGE ELECTRIC CUSTOMERS | ||||||||||||||||||||||||||
Retail customers | ||||||||||||||||||||||||||
52 | Residential | 990,319 | 985,077 | 5,242 | 989,989 | 983,539 | 6,450 | |||||||||||||||||||
53 | Business | 125,232 | 125,320 | (88 | ) | 125,320 | 125,242 | 78 | ||||||||||||||||||
54 | Total | 1,115,551 | 1,110,397 | 5,154 | 1,115,309 | 1,108,781 | 6,528 | |||||||||||||||||||
55 | Wholesale customers | 51 | 51 | — | 51 | 48 | 3 | |||||||||||||||||||
56 | Total customers | 1,115,602 | 1,110,448 | 5,154 | 1,115,360 | 1,108,829 | 6,531 | |||||||||||||||||||
57 | Customer growth (% over prior year) | 0.5 | % | 0.5 | % | 0.0 | % | 0.6 | % | 0.6 | % | 0.0 | % | |||||||||||||
RETAIL SALES (GWH) - WEATHER NORMALIZED | ||||||||||||||||||||||||||
58 | Residential | 2,614 | 2,616 | (2 | ) | 13,131 | 13,218 | (87 | ) | |||||||||||||||||
59 | Business | 3,460 | 3,524 | (64 | ) | 14,789 | 14,983 | (194 | ) | |||||||||||||||||
60 | Total | 6,074 | 6,140 | (66 | ) | 27,920 | 28,201 | (281 | ) | |||||||||||||||||
RETAIL USAGE (KWh/Average Customer) | ||||||||||||||||||||||||||
61 | Residential | 2,639 | 2,627 | 12 | 13,167 | 13,435 | (268 | ) | ||||||||||||||||||
62 | Business | 27,654 | 27,798 | (144 | ) | 117,092 | 119,441 | (2,349 | ) | |||||||||||||||||
RETAIL USAGE - WEATHER NORMALIZED (KWh/Average Customer) | ||||||||||||||||||||||||||
63 | Residential | 2,640 | 2,656 | (16 | ) | 13,263 | 13,439 | (176 | ) | |||||||||||||||||
64 | Business | 27,629 | 28,116 | (487 | ) | 118,010 | 119,634 | (1,624 | ) | |||||||||||||||||
ELECTRICITY DEMAND (MW) | ||||||||||||||||||||||||||
65 | Native load peak demand | 5,758 | 4,873 | 885 | 6,936 | 7,218 | (282 | ) | ||||||||||||||||||
WEATHER INDICATORS — RESIDENTIAL | ||||||||||||||||||||||||||
Actual | ||||||||||||||||||||||||||
66 | Cooling degree-days | 60 | 22 | 38 | 1,740 | 1,824 | (84 | ) | ||||||||||||||||||
67 | Heating degree-days | 309 | 399 | (90 | ) | 829 | 806 | 23 | ||||||||||||||||||
68 | Average humidity | 38 | % | 24 | % | 14 | % | 26 | % | 23 | % | 3 | % | |||||||||||||
10-Year Averages | ||||||||||||||||||||||||||
69 | Cooling degree-days | 50 | 50 | 0 | % | 1,730 | 1,730 | 0 | % | |||||||||||||||||
70 | Heating degree-days | 374 | 374 | 0 | % | 896 | 896 | 0 | % | |||||||||||||||||
71 | Average humidity | 28 | % | 28 | % | 0 | % | 26 | % | 26 | % | 0 | % |
See Glossary of Terms. | Page 3 of 4 |
Last Updated 2/18/2011
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended December 31, 2010 and 2009
Periods Ended December 31, 2010 and 2009
3 Months Ended December | 12 Months Ended December | |||||||||||||||||||||||||
Line | 2010 | 2009 | Incr (Decr) | 2010 | 2009 | Incr (Decr) | ||||||||||||||||||||
ENERGY SOURCES (GWH) | ||||||||||||||||||||||||||
Generation production | ||||||||||||||||||||||||||
72 | Nuclear | 2,169 | 1,872 | 297 | 9,079 | 8,923 | 156 | |||||||||||||||||||
73 | Coal | 3,160 | 3,311 | (151 | ) | 12,383 | 12,510 | (127 | ) | |||||||||||||||||
74 | Gas, oil and other | 1,314 | 1,347 | (33 | ) | 5,366 | 5,941 | (575 | ) | |||||||||||||||||
75 | Total generation production | 6,643 | 6,530 | 113 | 26,828 | 27,374 | (546 | ) | ||||||||||||||||||
Purchased power | ||||||||||||||||||||||||||
76 | Firm load | 611 | 472 | 139 | 5,429 | 5,100 | 329 | |||||||||||||||||||
77 | Marketing and trading | 206 | 251 | (45 | ) | 1,531 | 1,990 | (459 | ) | |||||||||||||||||
78 | Total purchased power | 817 | 723 | 94 | 6,960 | 7,090 | (130 | ) | ||||||||||||||||||
79 | Total energy sources | 7,460 | 7,253 | 207 | 33,788 | 34,464 | (676 | ) | ||||||||||||||||||
POWER PLANT PERFORMANCE | ||||||||||||||||||||||||||
Capacity Factors | ||||||||||||||||||||||||||
80 | Nuclear | 86 | % | 74 | % | 12 | % | 91 | % | 89 | % | 2 | % | |||||||||||||
81 | Coal | 82 | % | 86 | % | (4 | )% | 81 | % | 82 | % | (1 | )% | |||||||||||||
82 | Gas, oil and other | 18 | % | 18 | % | 0 | % | 18 | % | 20 | % | (2 | )% | |||||||||||||
83 | System average | 48 | % | 47 | % | 1 | % | 49 | % | 50 | % | (1 | )% | |||||||||||||
ECONOMIC INDICATORS | ||||||||||||||||||||||||||
Building Permits — Metro Phoenix (a) | ||||||||||||||||||||||||||
84 | Single-family | 903 | 1,637 | (734 | ) | 5,602 | 6,352 | (750 | ) | |||||||||||||||||
85 | Multi-family | 164 | 181 | (17 | ) | 760 | 1,198 | (438 | ) | |||||||||||||||||
86 | Total | 1,067 | 1,818 | (751 | ) | 6,362 | 7,550 | (1,188 | ) | |||||||||||||||||
Arizona Job Growth (b) | ||||||||||||||||||||||||||
87 | Payroll job growth (% over prior year) | 1.2 | % | (6.6 | )% | 7.8 | % | (0.9 | )% | (7.3 | )% | 6.4 | % | |||||||||||||
88 | Unemployment rate (%, seasonally adjusted) | 9.4 | % | 9.3 | % | 0.1 | % | 9.5 | % | 9.1 | % | 0.4 | % |
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 |