Arizona Public Service 8-K Pinnacle West Reports 2014 First-quarter Results

Exhibit 99.2

Last Updated 5/2/2014

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary

Periods Ended March 31, 2014 and 2013

		3 Months Ended March 31,
Line		2014		2013		Incr (Decr)
	EARNINGS CONTRIBUTION BY SUBSIDIARY (Dollars in Millions)
1	Arizona Public Service	$	28	$	33	$	(5	)
2	Parent Company	(3)		(1)		(2		)
3	Net Income	25		32		(7		)
4	Less: Net Income Attributable to Noncontrolling Interests	9		8		1
5	Net Income Attributable to Common Shareholders	$	16	$	24	$	(8	)
	EARNINGS PER SHARE BY SUBSIDIARY - DILUTED
6	Arizona Public Service	$	0.26	$	0.31	$	(0.05	)
7	Parent Company	(0.04)		(0.01)		(0.03		)
8	Net Income	0.22		0.30		(0.08		)
9	Less: Net Income Attributable to Noncontrolling Interests	0.08		0.08		-
10	Net Income Attributable to Common Shareholders	$	0.14	$	0.22	$	(0.08	)
11	BOOK VALUE PER SHARE	$	38.27	$	36.51	$	1.76
	COMMON SHARES OUTSTANDING (Thousands)
12	Average - Diluted	110,888		110,835		53
13	End of Period	110,354		109,946		408

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Last Updated 5/2/2014

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary

Periods Ended March 31, 2014 and 2013

		3 Months Ended March 31,
Line		2014		2013		Incr (Decr)
	ELECTRIC OPERATING REVENUES (Dollars in Millions)
	Retail
14	Residential	$	282	$	307	$	(25	)
15	Business	329		329		-
16	Total retail	611		636		(25		)
	Wholesale revenue on delivered electricity
17	Traditional contracts	11		11		-
18	Off-system sales	49		23		26
19	Native load hedge liquidation	-		1		(1		)
20	Total wholesale	60		35		25
21	Transmission for others	8		7		1
22	Other miscellaneous services	7		8		(1		)
23	Total electric operating revenues	$	686	$	686	$	-
	ELECTRIC SALES (GWH)
	Retail sales
24	Residential	2,383		2,730		(347		)
25	Business	3,229		3,271		(42		)
26	Total retail	5,612		6,001		(389		)
	Wholesale electricity delivered
27	Traditional contracts	144		130		14
28	Off-system sales	1,106		816		290
29	Retail load hedge management	-		31		(31		)
30	Total wholesale	1,250		977		273
31	Total electric sales	6,862		6,978		(116		)

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Last Updated 5/2/2014

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary

Periods Ended March 31, 2014 and 2013

		3 Months Ended March 31,
Line		2014	2013	Incr (Decr)
	AVERAGE ELECTRIC CUSTOMERS
	Retail customers
32	Residential	1,036,013	1,021,817	14,196
33	Business	128,833	127,895	938
34	Total retail	1,164,846	1,149,712	15,134
35	Wholesale customers	57	53	4
36	Total customers	1,164,903	1,149,765	15,138
37	Total customer growth (% over prior year)	1.3%	1.4%	(0.1)%
	RETAIL SALES (GWH) - WEATHER NORMALIZED
38	Residential	2,610	2,566	44
39	Business	3,219	3,227	(8)
40	Total	5,829	5,793	36
41	Retail Sales (GWH) (% over prior year)	0.6%	0.4%	0.2%
	RETAIL USAGE (KWh/Average Customer)
42	Residential	2,300	2,672	(372)
43	Business	25,064	25,577	(513)
	RETAIL USAGE - WEATHER NORMALIZED (KWh/Average Customer)
44	Residential	2,519	2,511	8
45	Business	24,986	25,236	(250)
	ELECTRICITY DEMAND (MW)
46	Native load peak demand	3,917	4,825	(908)
	WEATHER INDICATORS - RESIDENTIAL
	Actual
47	Cooling degree-days	-	-	-
48	Heating degree-days	239	613	(374)
49	Average humidity	-	-	-
	10-Year Averages
50	Cooling degree-days	-	-	-
51	Heating degree-days	489	489	-
52	Average humidity	-	-	-

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Last Updated 5/2/2014

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary

Periods Ended March 31, 2014 and 2013

		3 Months Ended March 31,
Line		2014	2013	Incr (Decr)
	ENERGY SOURCES (GWH)
	Generation production
53	Nuclear	2,511	2,456	55
54	Coal	2,796	2,753	43
55	Gas, oil and other	1,055	1,250	(195)
56	Total generation production	6,362	6,459	(97)
	Purchased power
57	Firm load	857	692	165
58	Marketing and trading	113	113	-
59	Total purchased power	969	805	164
60	Total energy sources	7,331	7,264	67
	POWER PLANT PERFORMANCE
	Capacity Factors
61	Nuclear	101%	99%	2%
62	Coal	74%	73%	1%
63	Gas, oil and other	14%	16%	(2)%
64	System average	46%	47%	(1)%
	ECONOMIC INDICATORS
	Building Permits (a)
65	Metro Phoenix	5,413	3,276	2,137
	Arizona Job Growth (b)
66	Payroll job growth (% over prior year)	2.0%	2.2%	(0.2)%
67	Unemployment rate (%, seasonally adjusted)	7.4%	8.0%	(0.6)%

Sources:

(a)   U.S. Census Bureau

(b)   Arizona Department of Economic Security

See Glossary of Terms Page 4 of 4