Exhibit 99.2
| Last Updated | 8/2/2013 |
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2013 and 2012
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| 3 Months Ended June 30, |
|
| 6 Months Ended June 30, |
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Line |
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| 2013 |
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| 2012 |
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| Incr (Decr) |
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| 2013 |
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| 2012 |
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| Incr (Decr) |
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| EARNINGS CONTRIBUTION BY SUBSIDIARY (Dollars in Millions) |
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1 | Arizona Public Service |
| $ | 142 |
|
| $ | 133 |
|
| $ | 9 |
|
| $ | 177 |
|
| $ | 136 |
|
| $ | 41 |
|
2 | El Dorado |
| - |
|
| - |
|
| - |
|
| (1 | ) |
| - |
|
| (1 | ) | ||||||
3 | Parent Company |
| (3 | ) |
| (2 | ) |
| (1 | ) |
| (4 | ) |
| (5 | ) |
| 1 |
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4 | Income From Continuing Operations |
| 139 |
|
| 131 |
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| 8 |
|
| 172 |
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| 131 |
|
| 41 |
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| Income (Loss) From Discontinued Operations - Net of Tax |
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5 | SunCor |
| - |
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| - |
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| - |
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| - |
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| (1 | ) |
| 1 |
| ||||||
6 | Other |
| - |
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| (1 | ) |
| 1 |
|
| - |
|
| - |
|
| - |
| ||||||
7 | Total |
| - |
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| (1 | ) |
| 1 |
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| - |
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| (1 | ) |
| 1 |
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8 | Net Income |
| 139 |
|
| 130 |
|
| 9 |
|
| 172 |
|
| 130 |
|
| 42 |
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9 | Less: Net Income (Loss) Attributable to Noncontrolling Interests |
| 8 |
|
| 8 |
|
| - |
|
| 16 |
|
| 16 |
|
| - |
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10 | Net Income Attributable to Common Shareholders |
| $ | 131 |
|
| $ | 122 |
|
| $ | 9 |
|
| $ | 156 |
|
| $ | 114 |
|
| $ | 42 |
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| EARNINGS PER SHARE BY SUBSIDIARY - DILUTED |
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11 | Arizona Public Service |
| $ | 1.28 |
|
| $ | 1.20 |
|
| $ | 0.08 |
|
| $ | 1.59 |
|
| $ | 1.24 |
|
| $ | 0.35 |
|
12 | El Dorado |
| - |
|
| - |
|
| - |
|
| (0.01 | ) |
| - |
|
| (0.01 | ) | ||||||
13 | Parent Company |
| (0.02 | ) |
| (0.01 | ) |
| (0.01 | ) |
| (0.03 | ) |
| (0.05 | ) |
| 0.02 |
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| ||||||
14 | Income From Continuing Operations |
| 1.26 |
|
| 1.19 |
|
| 0.07 |
|
| 1.55 |
|
| 1.19 |
|
| 0.36 |
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| Income (Loss) From Discontinued Operations - Net of Tax |
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15 | SunCor |
| - |
|
| - |
|
| - |
|
| - |
|
| (0.01 | ) |
| 0.01 |
| ||||||
16 | Other |
| - |
|
| (0.01 | ) |
| 0.01 |
|
| - |
|
| - |
|
| - |
| ||||||
17 | Total |
| - |
|
| (0.01 | ) |
| 0.01 |
|
| - |
|
| (0.01 | ) |
| 0.01 |
| ||||||
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| ||||||
18 | Net Income |
| 1.26 |
|
| 1.18 |
|
| 0.08 |
|
| 1.55 |
|
| 1.18 |
|
| 0.37 |
| ||||||
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19 | Less: Net Income (Loss) Attributable to Noncontrolling Interests |
| 0.08 |
|
| 0.07 |
|
| 0.01 |
|
| 0.15 |
|
| 0.14 |
|
| 0.01 |
| ||||||
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| ||||||
20 | Net Income Attributable to Common Shareholders |
| $ | 1.18 |
|
| $ | 1.11 |
|
| $ | 0.07 |
|
| $ | 1.40 |
|
| $ | 1.04 |
|
| $ | 0.36 |
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21 | BOOK VALUE PER SHARE |
| $ | 36.66 |
|
| $ | 34.49 |
|
| $ | 2.17 |
|
| $ | 36.66 |
|
| $ | 34.49 |
|
| $ | 2.17 |
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| ||||||
| COMMON SHARES OUTSTANDING (Thousands) |
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| ||||||
22 | Average - Diluted |
| 110,932 |
|
| 110,359 |
|
| 573 |
|
| 110,843 |
|
| 110,183 |
|
| 660 |
| ||||||
23 | End of Period |
| 109,993 |
|
| 109,540 |
|
| 453 |
|
| 109,993 |
|
| 109,540 |
|
| 453 |
|
See Glossary of Terms. |
|
| Last Updated | 8/2/2013 |
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2013 and 2012
|
|
| 3 Months Ended June 30, |
|
| 6 Months Ended June 30, |
| ||||||||||||||||||
Line |
|
| 2013 |
|
| 2012 |
|
| Incr (Decr) |
|
| 2013 |
|
| 2012 |
|
| Incr (Decr) |
| ||||||
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| ||||||
| ELECTRIC OPERATING REVENUES |
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| ||||||
| Retail |
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| ||||||
24 | Residential |
| $ | 444 |
|
| $ | 418 |
|
| $ | 26 |
|
| $ | 752 |
|
| $ | 691 |
|
| $ | 61 |
|
25 | Business |
| 420 |
|
| 401 |
|
| 19 |
|
| 749 |
|
| 693 |
|
| 56 |
| ||||||
26 | Total retail |
| 864 |
|
| 819 |
|
| 45 |
|
| 1,501 |
|
| 1,384 |
|
| 117 |
| ||||||
| Wholesale revenue on delivered electricity |
|
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| ||||||
27 | Traditional contracts |
| 15 |
|
| 22 |
|
| (7 | ) |
| 26 |
|
| 34 |
|
| (8 | ) | ||||||
28 | Off-system sales |
| 17 |
|
| 16 |
|
| 1 |
|
| 39 |
|
| 36 |
|
| 3 |
| ||||||
29 | Native load hedge liquidation |
| 3 |
|
| - |
|
| 3 |
|
| 4 |
|
| - |
|
| 4 |
| ||||||
30 | Transmission for others |
| 8 |
|
| 7 |
|
| 1 |
|
| 15 |
|
| 13 |
|
| 2 |
| ||||||
31 | Other miscellaneous services |
| 8 |
|
| 14 |
|
| (6 | ) |
| 16 |
|
| 31 |
|
| (15 | ) | ||||||
32 | Total wholesale |
| 51 |
|
| 59 |
|
| (8 | ) |
| 100 |
|
| 114 |
|
| (14 | ) | ||||||
33 | Total electric operating revenue |
| 915 |
|
| 878 |
|
| 37 |
|
| 1,601 |
|
| 1,498 |
|
| 103 |
| ||||||
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| ||||||
| ELECTRIC SALES (GWH) |
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| ||||||
| Retail sales |
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| ||||||
34 | Residential |
| 3,344 |
|
| 3,333 |
|
| 11 |
|
| 6,074 |
|
| 5,886 |
|
| 188 |
| ||||||
35 | Business |
| 3,877 |
|
| 3,923 |
|
| (46 | ) |
| 7,148 |
|
| 7,112 |
|
| 36 |
| ||||||
36 | Total retail |
| 7,221 |
|
| 7,256 |
|
| (35 | ) |
| 13,222 |
|
| 12,998 |
|
| 224 |
| ||||||
| Wholesale electricity delivered |
|
|
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|
|
|
|
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|
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| ||||||
37 | Traditional contracts |
| 213 |
|
| 334 |
|
| (121 | ) |
| 343 |
|
| 497 |
|
| (154 | ) | ||||||
38 | Off-system sales |
| 537 |
|
| 651 |
|
| (114 | ) |
| 1,354 |
|
| 1,518 |
|
| (164 | ) | ||||||
39 | Retail load hedge management |
| 20 |
|
| 50 |
|
| (30 | ) |
| 19 |
|
| 80 |
|
| (61 | ) | ||||||
40 | Total wholesale |
| 770 |
|
| 1,035 |
|
| (265 | ) |
| 1,716 |
|
| 2,095 |
|
| (379 | ) | ||||||
41 | Total electric sales |
| 7,991 |
|
| 8,291 |
|
| (300 | ) |
| 14,938 |
|
| 15,093 |
|
| (155 | ) | ||||||
See Glossary of Terms. |
|
| Last Updated | 8/2/2013 |
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2013 and 2012
|
|
| 3 Months Ended June 30, |
|
| 6 Months Ended June 30, |
| ||||||||||||
Line |
|
| 2013 |
|
| 2012 |
|
| Incr (Decr) |
|
| 2013 |
|
| 2012 |
|
| Incr (Decr) |
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| AVERAGE ELECTRIC CUSTOMERS |
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| Retail customers |
|
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42 | Residential |
| 1,015,649 |
|
| 1,001,323 |
|
| 14,326 |
|
| 1,018,733 |
|
| 1,004,452 |
|
| 14,281 |
|
43 | Business |
| 127,993 |
|
| 127,209 |
|
| 784 |
|
| 127,944 |
|
| 126,921 |
|
| 1,023 |
|
44 | Total retail |
| 1,143,642 |
|
| 1,128,532 |
|
| 15,110 |
|
| 1,146,677 |
|
| 1,131,373 |
|
| 15,304 |
|
45 | Wholesale customers |
| 51 |
|
| 48 |
|
| 3 |
|
| 52 |
|
| 47 |
|
| 5 |
|
46 | Total customers |
| 1,143,693 |
|
| 1,128,580 |
|
| 15,113 |
|
| 1,146,729 |
|
| 1,131,420 |
|
| 15,309 |
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47 | Customer growth (% over prior year) |
| 1.3% |
|
| 0.9% |
|
| 0.4% |
|
| 1.4% |
|
| 0.9% |
|
| 0.5% |
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| RETAIL SALES (GWH) - WEATHER NORMALIZED |
|
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48 | Residential |
| 3,207 |
|
| 3,111 |
|
| 96 |
|
| 5,788 |
|
| 5,674 |
|
| 114 |
|
49 | Business |
| 3,820 |
|
| 3,849 |
|
| (29 | ) |
| 7,044 |
|
| 7,055 |
|
| (11 | ) |
50 | Total |
| 7,027 |
|
| 6,960 |
|
| 67 |
|
| 12,832 |
|
| 12,729 |
|
| 103 |
|
|
|
|
|
|
|
|
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|
|
51 | Retail sales (GWH) (% over prior year) |
| 1.0% |
|
|
|
|
|
|
|
| 0.8% |
|
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| RETAIL USAGE (KWh/Average Customer) |
|
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52 | Residential |
| 3,292 |
|
| 3,328 |
|
| (36 | ) |
| 5,962 |
|
| 5,860 |
|
| 102 |
|
53 | Business |
| 30,287 |
|
| 30,836 |
|
| (549 | ) |
| 55,866 |
|
| 56,033 |
|
| (167 | ) |
|
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| RETAIL USAGE - WEATHER NORMALIZED (KWh/Average Customer) |
|
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54 | Residential |
| 3,158 |
|
| 3,107 |
|
| 51 |
|
| 5,681 |
|
| 5,649 |
|
| 32 |
|
55 | Business |
| 29,844 |
|
| 30,255 |
|
| (411 | ) |
| 55,059 |
|
| 55,588 |
|
| (529 | ) |
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| ELECTRICITY DEMAND (MW) |
|
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|
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56 | Native load peak demand |
| 6,931 |
|
| 6,750 |
|
| 181 |
|
| 6,931 |
|
| 6,750 |
|
| 181 |
|
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| WEATHER INDICATORS - RESIDENTIAL |
|
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| Actual |
|
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|
|
57 | Cooling degree-days |
| 580 |
|
| 568 |
|
| 12 |
|
| 580 |
|
| 568 |
|
| 12 |
|
58 | Heating degree-days |
| 1 |
|
| 9 |
|
| (8 | ) |
| 614 |
|
| 426 |
|
| 188 |
|
59 | Average humidity |
| 14% |
|
| 15% |
|
| (1)% |
|
| 14% |
|
| 15% |
|
| (1 | )% |
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| 10-Year Averages |
|
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|
|
60 | Cooling degree-days |
| 480 |
|
| 480 |
|
| - |
|
| 480 |
|
| 480 |
|
| - |
|
61 | Heating degree-days |
| 10 |
|
| 10 |
|
| - |
|
| 506 |
|
| 506 |
|
| - |
|
62 | Average humidity |
| 15% |
|
| 15% |
|
| - |
|
| 15% |
|
| 15% |
|
| - |
|
See Glossary of Terms. |
|
| Last Updated | 8/2/2013 |
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2013 and 2012
|
|
| 3 Months Ended June 30, |
|
| 6 Months Ended June 30, |
| ||||||||||||
Line |
|
| 2013 |
|
| 2012 |
|
| Incr (Decr) |
|
| 2013 |
|
| 2012 |
|
| Incr (Decr) |
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| ENERGY SOURCES (GWH) |
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| Generation production |
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|
63 | Nuclear |
| 2,246 |
|
| 2,336 |
|
| (90 | ) |
| 4,702 |
|
| 4,696 |
|
| 6 |
|
64 | Coal |
| 2,903 |
|
| 2,376 |
|
| 527 |
|
| 5,656 |
|
| 4,948 |
|
| 708 |
|
65 | Gas, oil and other |
| 1,261 |
|
| 2,180 |
|
| (919 | ) |
| 2,511 |
|
| 3,424 |
|
| (913 | ) |
66 | Total generation production |
| 6,410 |
|
| 6,892 |
|
| (482 | ) |
| 12,869 |
|
| 13,068 |
|
| (199 | ) |
| Purchased power |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
67 | Firm load |
| 1,903 |
|
| 1,688 |
|
| 215 |
|
| 2,595 |
|
| 2,857 |
|
| (262 | ) |
68 | Marketing and trading |
| 115 |
|
| 100 |
|
| 15 |
|
| 228 |
|
| 170 |
|
| 58 |
|
69 | Total purchased power |
| 2,018 |
|
| 1,788 |
|
| 230 |
|
| 2,823 |
|
| 3,027 |
|
| (204 | ) |
70 | Total energy sources |
| 8,428 |
|
| 8,680 |
|
| (252 | ) |
| 15,692 |
|
| 16,095 |
|
| (403 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| POWER PLANT PERFORMANCE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capacity Factors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
71 | Nuclear |
| 90% |
|
| 93% |
|
| (3)% |
|
| 94% |
|
| 94% |
|
| - |
|
72 | Coal |
| 77% |
|
| 62% |
|
| 15% |
|
| 74% |
|
| 65% |
|
| 9% |
|
73 | Gas, oil and other |
| 17% |
|
| 29% |
|
| (12)% |
|
| 17% |
|
| 23% |
|
| (6)% |
|
74 | System average |
| 46% |
|
| 50% |
|
| (4)% |
|
| 46% |
|
| 47% |
|
| (1)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ECONOMIC INDICATORS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Building Permits |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
75 | Housing Permits - Metro Phoenix (a) |
| 4,710 |
|
| 3,302 |
|
| 1,408 |
|
| 7,986 |
|
| 6,170 |
|
| 1,816 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Arizona Job Growth (b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
76 | Payroll job growth (% over prior year) |
| 1.9% |
|
| 2.0% |
|
| (0.1)% |
|
| 1.8% |
|
| 2.0% |
|
| (0.2)% |
|
77 | Unemployment rate (%, seasonally adjusted) |
| 7.9% |
|
| 8.4% |
|
| (0.5)% |
|
| 7.9% |
|
| 8.4% |
|
| (0.5)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
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|
Sources: |
|
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|
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|
|
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| |
(a) | U.S. Census Bureau |
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|
(b) | Arizona Department of Economic Security |
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See Glossary of Terms. |
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