Exhibit 99.2
| Last Updated | 2/21/2014 |
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended December 31, 2013 and 2012
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| 3 Months Ended December 31, |
| 12 Months Ended December 31, |
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Line |
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| 2013 |
| 2012 |
| Incr (Decr) |
| 2013 |
| 2012 |
| Incr (Decr) |
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| EARNINGS CONTRIBUTION BY SUBSIDIARY |
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1 | Arizona Public Service |
| $ | 39 |
| $ | 35 |
| $ | 4 |
| $ | 459 |
| $ | 427 |
| $ | 32 |
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2 | El Dorado |
| - |
| - |
| - |
| (4) |
| (2) |
| (2 | ) | ||||||
3 | Parent Company |
| (6) |
| - |
| (6) |
| (15) |
| (6) |
| (9 | ) | ||||||
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4 | Income From Continuing Operations |
| 33 |
| 35 |
| (2) |
| 440 |
| 419 |
| 21 |
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| Income (Loss) From Discontinued Operations - Net of Tax |
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5 | SunCor |
| - |
| - |
| - |
| - |
| (2) |
| 2 |
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6 | Other |
| - |
| (4) |
| 4 |
| - |
| (4) |
| 4 |
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7 | Total |
| - |
| (4) |
| 4 |
| - |
| (6) |
| 6 |
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8 | Net Income |
| 33 |
| 31 |
| 2 |
| 440 |
| 413 |
| 27 |
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9 | Less: Net Income Attributable to Noncontrolling Interests |
| 9 |
| 8 |
| 1 |
| 34 |
| 31 |
| 3 |
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10 | Net Income Attributable to Common Shareholders |
| $ | 24 |
| $ | 23 |
| $ | 1 |
| $ | 406 |
| $ | 382 |
| $ | 24 |
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| EARNINGS PER SHARE BY SUBSIDIARY - DILUTED |
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11 | Arizona Public Service |
| $ | 0.35 |
| $ | 0.31 |
| $ | 0.04 |
| $ | 4.14 |
| $ | 3.86 |
| $ | 0.28 |
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12 | El Dorado |
| - |
| - |
| - |
| (0.04) |
| (0.02) |
| (0.02 | ) | ||||||
13 | Parent Company |
| (0.05) |
| - |
| (0.05) |
| (0.13) |
| (0.05) |
| (0.08 | ) | ||||||
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14 | Income From Continuing Operations |
| 0.30 |
| 0.31 |
| (0.01) |
| 3.97 |
| 3.79 |
| 0.18 |
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| Income (Loss) From Discontinued Operations - Net of Tax |
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15 | SunCor |
| - |
| - |
| - |
| - |
| (0.01) |
| 0.01 |
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16 | Other |
| - |
| (0.04) |
| 0.04 |
| - |
| (0.04) |
| 0.04 |
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17 | Total |
| - |
| (0.04) |
| 0.04 |
| - |
| (0.05) |
| 0.05 |
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18 | Net Income |
| 0.30 |
| 0.27 |
| 0.03 |
| 3.97 |
| 3.74 |
| 0.23 |
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19 | Less: Net Income Attributable to Noncontrolling Interests |
| 0.08 |
| 0.07 |
| 0.01 |
| 0.31 |
| 0.29 |
| 0.02 |
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20 | Net Income Attributable to Common Shareholders |
| $ | 0.22 |
| $ | 0.20 |
| $ | 0.02 |
| $ | 3.66 |
| $ | 3.45 |
| $ | 0.21 |
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21 | BOOK VALUE PER SHARE |
| $ | 38.07 |
| $ | 36.20 |
| $ | 1.87 |
| $ | 38.07 |
| $ | 36.20 |
| $ | 1.87 |
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| COMMON SHARES OUTSTANDING |
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22 | Average - Diluted |
| 110,936 |
| 110,776 |
| 160 |
| 110,806 |
| 110,527 |
| 279 |
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23 | End of Period |
| 110,182 |
| 109,743 |
| 439 |
| 110,182 |
| 109,743 |
| 439 |
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See Glossary of terms |
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| Last Updated | 2/21/2014 |
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended December 31, 2013 and 2012
|
| 3 Months Ended December 31, |
| 12 Months Ended December 31, | ||||||||||||||||
Line |
| 2013 |
| 2012 |
| Incr (Decr) |
| 2013 |
| 2012 |
| Incr (Decr) |
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| ELECTRIC OPERATING REVENUES (Dollars in Millions) |
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| Retail |
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24 | Residential |
| $ | 298 |
| $ | 291 |
| $ | 7 |
| $ | 1,675 |
| $ | 1,587 |
| $ | 88 |
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25 | Business |
| 352 |
| 344 |
| 8 |
| 1,558 |
| 1,473 |
| 85 |
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26 | Total retail |
| 650 |
| 635 |
| 15 |
| 3,233 |
| 3,060 |
| 173 |
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| Wholesale revenue on delivered electricity |
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27 | Traditional contracts |
| 9 |
| 11 |
| (2) |
| 53 |
| 62 |
| (9 | ) | ||||||
28 | Off-system sales |
| 23 |
| 25 |
| (2) |
| 89 |
| 88 |
| 1 |
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29 | Native load hedge liquidation |
| 2 |
| - |
| 2 |
| 11 |
| 4 |
| 7 |
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30 | Total wholesale |
| 34 |
| 36 |
| (2) |
| 153 |
| 154 |
| (1 | ) | ||||||
31 | Transmission for others |
| 7 |
| 6 |
| 1 |
| 32 |
| 29 |
| 3 |
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32 | Other miscellaneous services |
| 8 |
| 10 |
| (2) |
| 33 |
| 50 |
| (17 | ) | ||||||
33 | Total electric operating revenues |
| $ | 699 |
| $ | 687 |
| $ | 12 |
| $ | 3,451 |
| $ | 3,293 |
| $ | 158 |
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| ELECTRIC SALES (GWH) |
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| Retail sales |
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34 | Residential |
| 2,464 |
| 2,552 |
| (88) |
| 13,290 |
| 13,256 |
| 34 |
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35 | Business |
| 3,410 |
| 3,541 |
| (131) |
| 14,798 |
| 14,898 |
| (100 | ) | ||||||
36 | Total retail |
| 5,874 |
| 6,093 |
| (219) |
| 28,088 |
| 28,154 |
| (66 | ) | ||||||
| Wholesale electricity delivered |
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37 | Traditional contracts |
| 99 |
| 103 |
| (4) |
| 683 |
| 761 |
| (78 | ) | ||||||
38 | Off-system sales |
| 717 |
| 835 |
| (118) |
| 2,998 |
| 3,264 |
| (266 | ) | ||||||
39 | Retail load hedge management |
| 3 |
| 48 |
| (45) |
| 95 |
| 269 |
| (174 | ) | ||||||
40 | Total wholesale |
| 819 |
| 986 |
| (167) |
| 3,776 |
| 4,294 |
| (518 | ) | ||||||
41 | Total electric sales |
| 6,693 |
| 7,079 |
| (386) |
| 31,864 |
| 32,448 |
| (584 | ) |
See Glossary of terms |
|
| Last Updated | 2/21/2014 |
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended December 31, 2013 and 2012
|
|
| 3 Months Ended December 31, |
| 12 Months Ended December 31, |
| ||||||||
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 |
| 1,024,619 |
| 1,010,532 |
| 14,087 |
| 1,019,292 |
| 1,005,074 |
| 14,218 |
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43 | Business |
| 128,547 |
| 127,687 |
| 860 |
| 128,170 |
| 127,222 |
| 948 |
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44 | Total retail |
| 1,153,166 |
| 1,138,219 |
| 14,947 |
| 1,147,462 |
| 1,132,296 |
| 15,166 |
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45 | Wholesale customers |
| 52 |
| 50 |
| 2 |
| 52 |
| 49 |
| 3 |
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46 | Total customers |
| 1,153,218 |
| 1,138,269 |
| 14,949 |
| 1,147,514 |
| 1,132,345 |
| 15,169 |
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47 | Total customer growth (% over prior year) |
| 1.3% |
| 1.4% |
| (0.1)% |
| 1.3% |
| 1.1% |
| 0.2% |
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| RETAIL SALES (GWH) - WEATHER NORMALIZED |
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48 | Residential |
| 2,561 |
| 2,617 |
| (56) |
| 13,163 |
| 13,187 |
| (24) |
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49 | Business |
| 3,464 |
| 3,523 |
| (59) |
| 14,774 |
| 14,885 |
| (111) |
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50 | Total |
| 6,025 |
| 6,140 |
| (115) |
| 27,937 |
| 28,072 |
| (135) |
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51 | Retail sales (GWH) (% over prior year) |
| (1.9)% |
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| (0.5)% |
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| RETAIL USAGE |
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| (KWh/Average Customer) |
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52 | Residential |
| 2,405 |
| 2,525 |
| (120) |
| 13,039 |
| 13,190 |
| (151) |
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53 | Business |
| 26,530 |
| 27,733 |
| (1,203) |
| 115,453 |
| 117,100 |
| (1,647) |
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| RETAIL USAGE - WEATHER NORMALIZED |
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| (KWh/Average Customer) |
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54 | Residential |
| 2,499 |
| 2,590 |
| (91) |
| 12,914 |
| 13,121 |
| (207) |
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55 | Business |
| 26,950 |
| 27,590 |
| (640) |
| 115,266 |
| 116,999 |
| (1,733) |
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| ELECTRICITY DEMAND (MW) |
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56 | Native load peak demand |
| 4,500 |
| 5,339 |
| (839) |
| 6,927 |
| 7,207 |
| (280) |
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| WEATHER INDICATORS - RESIDENTIAL |
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| Actual |
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57 | Cooling degree-days |
| 8 |
| 53 |
| (45) |
| 1,800 |
| 1,791 |
| 9 |
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58 | Heating degree-days |
| 323 |
| 279 |
| 44 |
| 937 |
| 705 |
| 232 |
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59 | Average humidity |
| 23% |
| 26% |
| (3)% |
| 24% |
| 26% |
| (2)% |
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| 10-Year Averages |
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60 | Cooling degree-days |
| 51 |
| 51 |
| - |
| 1,776 |
| 1,776 |
| - |
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61 | Heating degree-days |
| 366 |
| 366 |
| - |
| 872 |
| 872 |
| - |
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62 | Average humidity |
| 30% |
| 30% |
| - |
| 24% |
| 24% |
| - |
|
See Glossary of Terms |
|
| Last Updated | 2/21/2014 |
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended December 31, 2013 and 2012
|
|
| 3 Months Ended December 31, |
| 12 Months Ended December 31, |
| ||||||||
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 |
| 1,923 |
| 2,115 |
| (192) |
| 9,146 |
| 9,293 |
| (147) |
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64 | Coal |
| 2,483 |
| 2,939 |
| (456) |
| 10,899 |
| 10,877 |
| 22 |
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65 | Gas, oil and other |
| 1,301 |
| 1,551 |
| (250) |
| 6,127 |
| 7,465 |
| (1,338) |
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66 | Total generation production |
| 5,707 |
| 6,606 |
| (898) |
| 26,172 |
| 27,635 |
| (1,463) |
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| Purchased power |
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67 | Firm load |
| 1,262 |
| 769 |
| 493 |
| 6,826 |
| 6,288 |
| 538 |
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68 | Marketing and trading |
| 105 |
| 62 |
| 43 |
| 513 |
| 306 |
| 207 |
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69 | Total purchased power |
| 1,366 |
| 831 |
| 535 |
| 7,339 |
| 6,594 |
| 745 |
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70 | Total energy sources |
| 7,073 |
| 7,436 |
| (363) |
| 33,511 |
| 34,229 |
| (718) |
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| POWER PLANT PERFORMANCE |
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| Capacity Factors |
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71 | Nuclear |
| 76% |
| 84% |
| (8)% |
| 91% |
| 92% |
| (1)% |
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72 | Coal |
| 64% |
| 76% |
| (12)% |
| 71% |
| 71% |
| 0% |
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73 | Gas, oil and other |
| 17% |
| 20% |
| (3)% |
| 20% |
| 25% |
| (4)% |
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74 | System average |
| 40% |
| 47% |
| (7)% |
| 47% |
| 49% |
| (2)% |
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| ECONOMIC INDICATORS |
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| Building Permits (a) |
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75 | Metro Phoenix |
| 3,707 |
| 3,736 |
| (29) |
| 15,153 |
| 13,584 |
| 1,569 |
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| Arizona Job Growth (b) |
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76 | Payroll job growth (% over prior year) |
| 1.9% |
| 2.2% |
| (0.3)% |
| 1.9% |
| 2.1% |
| (0.2)% |
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77 | Unemployment rate (%, seasonally adjusted) |
| 7.9% |
| 8.0% |
| (0.1)% |
| 8.0% |
| 8.3% |
| (0.3)% |
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Sources: |
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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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