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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| 2012 |
| 2011 |
| Incr (Decr) |
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| EARNINGS CONTRIBUTION BY SUBSIDIARY ($ Millions) |
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1 |
| Arizona Public Service |
| $ | 4 |
| $ | (7) |
| $ | 11 |
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2 |
| APS Energy Services |
| - |
| - |
| - |
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3 |
| SunCor |
| - |
| - |
| - |
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4 |
| El Dorado |
| - |
| - |
| - |
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5 |
| Parent Company |
| (4) |
| (3) |
| (1) |
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6 |
| Income From Continuing Operations |
| - |
| (10) |
| 10 |
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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 |
| Other |
| 1 |
| 1 |
| - |
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9 |
| Total |
| - |
| - |
| - |
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10 |
| Net Income |
| - |
| (10) |
| 10 |
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11 |
| Less: Net Income (Loss) Attributable to Noncontrolling Interests |
| 8 |
| 5 |
| 3 |
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12 |
| Net Income Attributable to Common Shareholders |
| $ | (8) |
| $ | (15) |
| $ | 7 |
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| EARNINGS PER SHARE BY SUBSIDIARY - DILUTED |
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13 |
| Arizona Public Service |
| $ | 0.03 |
| $ | (0.06) |
| $ | 0.09 |
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14 |
| APS Energy Services |
| - |
| - |
| - |
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15 |
| SunCor |
| - |
| - |
| - |
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16 |
| El Dorado |
| - |
| - |
| - |
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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 |
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19 |
| SunCor |
| (0.01) |
| - |
| (0.01) |
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20 |
| Other |
| - |
| 0.01 |
| (0.01) |
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21 |
| Total |
| (0.01) |
| 0.01 |
| (0.02) |
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22 |
| Net Income |
| (0.01) |
| (0.09) |
| 0.08 |
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23 |
| Less: Net Income (Loss) Attributable to Noncontrolling Interests |
| 0.07 |
| 0.05 |
| 0.02 |
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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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26 |
| Average - Diluted |
| 109,299 |
| 108,832 |
| 467 |
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27 |
| End of Period |
| 109,372 |
| 109,011 |
| 361 |
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See Glossary of Terms. |
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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 |
| Incr (Decr) |
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| ELECTRIC OPERATING REVENUES (Dollars in Millions) |
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| REGULATED ELECTRICITY SEGMENT |
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| Retail |
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28 |
| Residential |
| $ | 273 |
| $ | 273 |
| $ | (0) |
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29 |
| Business |
| 292 |
| 298 |
| (6) |
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30 |
| Total retail |
| 565 |
| 571 |
| (6) |
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| Wholesale revenue on delivered electricity |
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31 |
| Traditional contracts |
| 12 |
| 11 |
| 1 |
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32 |
| Off-system sales |
| 20 |
| 18 |
| 3 |
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33 |
| Transmission for others |
| 6 |
| 8 |
| (2) |
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34 |
| Other miscellaneous services |
| 17 |
| 40 |
| (23) |
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35 |
| Total regulated operating electricity revenues |
| 620 |
| 647 |
| (27) |
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| MARKETING AND TRADING |
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36 |
| Electricity and other commodity sales |
| - |
| - |
| - |
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37 |
| Total operating electric revenues |
| $ | 620 |
| $ | 647 |
| $ | (27) |
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| ELECTRIC SALES (GWH) |
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| REGULATED ELECTRICITY SEGMENT |
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| Retail sales |
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38 |
| Residential |
| 2,553 |
| 2,652 |
| (99) |
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39 |
| Business |
| 3,189 |
| 3,274 |
| (85) |
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40 |
| Total retail |
| 5,743 |
| 5,926 |
| (184) |
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| Wholesale electricity delivered |
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41 |
| Traditional contracts |
| 163 |
| 143 |
| 20 |
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42 |
| Off-system sales |
| 866 |
| 647 |
| 220 |
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43 |
| Retail load hedge management |
| 31 |
| 31 |
| (0) |
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44 |
| Total regulated electricity |
| 6,802 |
| 6,747 |
| 56 |
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| MARKETING AND TRADING |
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45 |
| Wholesale sales of electricity |
| - |
| - |
| - |
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46 |
| Total electric sales |
| 6,802 |
| 6,747 |
| 56 |
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| POWER SUPPLY ADJUSTOR (“PSA”) - REGULATED ELECTRICITY SEGMENT (Dollars in Millions) |
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47 |
| Deferred fuel and purchased power regulatory asset/(liability) - beginning balance |
| $ | 28 |
| $ | (58) |
| $ | 86 |
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48 |
| Deferred fuel and purchased power costs - current period |
| (47) |
| (50) |
| 3 |
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49 |
| Interest on deferred fuel |
| - |
| - |
| - |
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50 |
| Amounts refunded/(recovered) through revenues |
| 24 |
| 31 |
| (7) |
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51 |
| Deferred fuel and purchased power regulatory asset/(liability) - ending balance |
| $ | 5 |
| $ | (77) |
| $ | 82 |
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See Glossary of Terms. |
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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 |
|
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| 2012 |
| 2011 |
| Incr (Decr) |
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| AVERAGE ELECTRIC CUSTOMERS |
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| Retail customers |
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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 |
| - |
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56 |
| Total customers |
| 1,134,260 |
| 1,125,330 |
| 8,930 |
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57 |
| Customer growth (% over prior year) |
| 0.8% |
| 0.4% |
| 0.4% |
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| RETAIL SALES (GWH) - WEATHER NORMALIZED |
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58 |
| Residential |
| 2,638 |
| 2,640 |
| (2) |
|
59 |
| Business |
| 3,205 |
| 3,258 |
| (53) |
|
60 |
| Total |
| 5,843 |
| 5,898 |
| (55) |
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| RETAIL USAGE |
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61 |
| Residential |
| 2,534 |
| 2,653 |
| (119) |
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62 |
| Business |
| 25,185 |
| 26,071 |
| (886) |
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| RETAIL USAGE - |
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63 |
| Residential |
| 2,618 |
| 2,641 |
| (22) |
|
64 |
| Business |
| 25,306 |
| 25,940 |
| (633) |
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| ELECTRICITY DEMAND (MW) |
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65 |
| Native load peak demand |
| 4,113 |
| 4,814 |
| (701) |
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| WEATHER INDICATORS - RESIDENTIAL |
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| Actual |
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66 |
| Cooling degree-days |
| - |
| - |
| - |
|
67 |
| Heating degree-days |
| 417 |
| 587 |
| (170) |
|
68 |
| Average humidity |
| - |
| - |
| - |
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| 10-Year Averages |
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69 |
| Cooling degree-days |
| - |
| - |
| - |
|
70 |
| Heating degree-days |
| 500 |
| 500 |
| - |
|
71 |
| Average humidity |
| - |
| - |
| - |
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See Glossary of Terms. |
|
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 |
| ||||
Line |
|
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| 2012 |
| 2011 |
| Incr (Decr) |
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| ENERGY SOURCES (GWH) |
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| Generation production |
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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) |
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| Purchased power |
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|
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 |
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| POWER PLANT PERFORMANCE |
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| Capacity Factors |
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|
80 |
| Nuclear |
| 94% |
| 99% |
| (5)% |
|
81 |
| Coal |
| 67% |
| 78% |
| (11)% |
|
82 |
| Gas, oil and other |
| 17% |
| 12% |
| 5% |
|
83 |
| System average |
| 45% |
| 47% |
| (2)% |
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| ECONOMIC INDICATORS |
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| Building Permits (a) |
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|
84 |
| Metro Phoenix |
| 2,446 |
| 1,663 |
| 783 |
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| Arizona Job Growth (b) |
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|
85 |
| Payroll job growth (% over prior year) |
| 1.7% |
| 0.7% |
| 0.9% |
|
86 |
| Unemployment rate |
| 8.7% |
| 9.7% |
| (1.1)% |
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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. |
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