Exhibit 99.2
Last updated 5/6/2010
Last updated 5/6/2010
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended March 31, 2010 and 2009
Periods Ended March 31, 2010 and 2009
| 3 Months Ended March | ||||||||||||
| Line | 2010 | 2009 | Incr (Decr) | |||||||||
EARNINGS CONTRIBUTION BY SUBSIDIARY ($ Millions) | ||||||||||||
| 1 Arizona Public Service | $ | 16 | $ | (10 | ) | $ | 26 | |||||
| 2 APS Energy Services | — | (1 | ) | 1 | ||||||||
| 3 SunCor | (21 | ) | (221 | ) | 200 | |||||||
| 4 El Dorado | — | (6 | ) | 6 | ||||||||
| 5 Parent Company | 4 | 77 | (73 | ) | ||||||||
| 6 Income From Continuing Operations | (1 | ) | (161 | ) | 160 | |||||||
| Income (Loss) From Discontinued Operations — Net of Tax | ||||||||||||
| 7 SunCor | — | (8 | ) | 8 | ||||||||
| 8 Other | — | 3 | (3 | ) | ||||||||
| 9 Total | — | (5 | ) | 5 | ||||||||
| 10 Net Income | (1 | ) | (166 | ) | 165 | |||||||
| 11 Less: Net Income (Loss) Attributable to Noncontrolling Interests | 5 | (9 | ) | 14 | ||||||||
| 12 Net Income Attributable to Common Shareholders | $ | (6 | ) | $ | (157 | ) | $ | 151 | ||||
EARNINGS PER SHARE BY SUBSIDIARY — DILUTED | ||||||||||||
| 13 Arizona Public Service | $ | 0.16 | $ | (0.11 | ) | $ | 0.27 | |||||
| 14 APS Energy Services | — | (0.01 | ) | 0.01 | ||||||||
| 15 SunCor | (0.20 | ) | (2.19 | ) | 1.99 | |||||||
| 16 El Dorado | — | (0.06 | ) | 0.06 | ||||||||
| 17 Parent Company | 0.03 | 0.78 | (0.75 | ) | ||||||||
| 18 Income From Continuing Operations | (0.01 | ) | (1.59 | ) | 1.58 | |||||||
| Income (Loss) From Discontinued Operations — Net of Tax | ||||||||||||
| 19 SunCor | — | (0.08 | ) | 0.08 | ||||||||
| 20 Other | — | 0.03 | (0.03 | ) | ||||||||
| 21 Total | — | (0.05 | ) | 0.05 | ||||||||
| 22 Net Income | (0.01 | ) | (1.64 | ) | 1.63 | |||||||
| 23 Less: Net Income (Loss) Attributable to Noncontrolling Interests | 0.05 | (0.09 | ) | 0.14 | ||||||||
| 24 Net Income Attributable to Common Shareholders | $ | (0.06 | ) | $ | (1.55 | ) | $ | 1.49 | ||||
25BOOK VALUE PER SHARE | $ | 31.65 | $ | 31.29 | $ | 0.36 | ||||||
COMMON SHARES OUTSTANDING (Thousands) | ||||||||||||
| 26 Average — Diluted | 101,474 | 100,986 | 488 | |||||||||
| 27 End of Period | 101,534 | 101,074 | 460 | |||||||||
See Glossary of Terms.
Page 1 of 4
Last updated 5/6/2010
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended March 31, 2010 and 2009
Periods Ended March 31, 2010 and 2009
| 3 Months Ended March | ||||||||||||
| Line | 2010 | 2009 | Incr (Decr) | |||||||||
ELECTRIC OPERATING REVENUES (Dollars in Millions) | ||||||||||||
REGULATED ELECTRICITY SEGMENT | ||||||||||||
Retail | ||||||||||||
| 28 Residential | $ | 267 | $ | 256 | $ | 11 | ||||||
| 29 Business | 289 | 298 | (9 | ) | ||||||||
| 30 Total retail | 556 | 554 | 2 | |||||||||
Wholesale revenue on delivered electricity | ||||||||||||
| 31 Traditional contracts | 18 | 11 | 7 | |||||||||
| 32 Off-system sales | 16 | 22 | (6 | ) | ||||||||
| 33 Transmission for others | 8 | 7 | 1 | |||||||||
| 34 Other miscellaneous services | 13 | 9 | 4 | |||||||||
| 35 Total regulated operating electricity revenues | 611 | 603 | 9 | |||||||||
MARKETING AND TRADING | ||||||||||||
| 36 Electricity and other commodity sales | — | — | — | |||||||||
| 37 Total operating electric revenues | $ | 611 | $ | 603 | $ | 9 | ||||||
ELECTRIC SALES (GWH) | ||||||||||||
REGULATED ELECTRICITY SEGMENT | ||||||||||||
Retail sales | ||||||||||||
| 38 Residential | 2,575 | 2,499 | 76 | |||||||||
| 39 Business | 3,167 | 3,260 | (93 | ) | ||||||||
| 40 Total retail | 5,742 | 5,759 | (17 | ) | ||||||||
Wholesale electricity delivered | ||||||||||||
| 41 Traditional contracts | 156 | 165 | (9 | ) | ||||||||
| 42 Off-system sales | 609 | 697 | (88 | ) | ||||||||
| 43 Retail load hedge management | 201 | 152 | 49 | |||||||||
| 44 Total regulated electricity | 6,708 | 6,773 | (65 | ) | ||||||||
MARKETING AND TRADING | ||||||||||||
| 45 Wholesale sales of electricity | — | — | — | |||||||||
| 46 Total electric sales | 6,708 | 6,773 | (65 | ) | ||||||||
POWER SUPPLY ADJUSTOR (“PSA”) — REGULATED ELECTRICITY SEGMENT (Dollars in Millions) | ||||||||||||
| 47 Deferred fuel and purchased power regulatory asset — beginning balance | $ | (87 | ) | $ | 8 | $ | (95 | ) | ||||
| 48 Deferred fuel and purchased power costs — current period | (44 | ) | (28 | ) | (16 | ) | ||||||
| 49 Interest on deferred fuel | — | — | — | |||||||||
| 50 Amounts recovered through revenues | 26 | (29 | ) | 55 | ||||||||
| 51 Deferred fuel and purchased power regulatory asset — ending balance | $ | (105 | ) | $ | (49 | ) | $ | (56 | ) | |||
See Glossary of Terms.
Page 2 of 4
Last updated 5/6/2010
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended March 31, 2010 and 2009
Periods Ended March 31, 2010 and 2009
| 3 Months Ended March | ||||||||||||
| Line | 2010 | 2009 | Incr (Decr) | |||||||||
AVERAGE ELECTRIC CUSTOMERS | ||||||||||||
Retail customers | ||||||||||||
| 52 Residential | 995,053 | 988,675 | 6,378 | |||||||||
| 53 Business | 125,397 | 125,111 | 286 | |||||||||
| 54 Total | 1,120,450 | 1,113,786 | 6,664 | |||||||||
| 55 Wholesale customers | 51 | 50 | 1 | |||||||||
| �� | ||||||||||||
| 56 Total customers | 1,120,501 | 1,113,836 | 6,665 | |||||||||
| 57 Customer growth (% over prior year) | 0.6 | % | 0.8 | % | (0.2 | )% | ||||||
RETAIL SALES (GWH) — WEATHER NORMALIZED | ||||||||||||
| 58 Residential | 2,554 | 2,586 | (32 | ) | ||||||||
| 59 Business | 3,196 | 3,261 | (65 | ) | ||||||||
| 60 Total | 5,750 | 5,847 | (97 | ) | ||||||||
RETAIL USAGE (KWh/Average Customer) | ||||||||||||
| 61 Residential | 2,588 | 2,528 | 60 | |||||||||
| 62 Business | 25,255 | 26,057 | (802 | ) | ||||||||
RETAIL USAGE — WEATHER NORMALIZED (KWh/Average Customer) | ||||||||||||
| 63 Residential | 2,567 | 2,616 | (49 | ) | ||||||||
| 64 Business | 25,489 | 26,065 | (576 | ) | ||||||||
ELECTRICITY DEMAND (MW) | ||||||||||||
| 65 Native load peak demand | 3,952 | 4,023 | (71 | ) | ||||||||
WEATHER INDICATORS | ||||||||||||
Actual | ||||||||||||
| 66 Cooling degree-days | 42 | 104 | (62 | ) | ||||||||
| 67 Heating degree-days | 501 | 383 | 118 | |||||||||
| 68 Average humidity | 34 | % | 35 | % | (1 | )% | ||||||
10-Year Averages | ||||||||||||
| 69 Cooling degree-days | 94 | 94 | — | |||||||||
| 70 Heating degree-days | 502 | 502 | — | |||||||||
| 71 Average humidity | 41 | % | 41 | % | 0 | % | ||||||
See Glossary of Terms.
Page 3 of 4
Last updated 5/6/2010
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended March 31, 2010 and 2009
Periods Ended March 31, 2010 and 2009
| 3 Months Ended March | ||||||||||||
| Line | 2010 | 2009 | Incr (Decr) | |||||||||
ENERGY SOURCES (GWH) | ||||||||||||
Generation production | ||||||||||||
| 72 Nuclear | 2,365 | 2,493 | (128 | ) | ||||||||
| 73 Coal | 3,007 | 2,951 | 56 | |||||||||
| 74 Gas, oil and other | 816 | 1,025 | (209 | ) | ||||||||
| 75 Total generation production | 6,188 | 6,469 | (281 | ) | ||||||||
Purchased power | ||||||||||||
| 76 Firm load | 471 | 508 | (37 | ) | ||||||||
| 77 Marketing and trading | 421 | 260 | 161 | |||||||||
| 78 Total purchased power | 892 | 768 | 124 | |||||||||
| 79 Total energy sources | 7,080 | 7,237 | (157 | ) | ||||||||
POWER PLANT PERFORMANCE | ||||||||||||
Capacity Factors | ||||||||||||
| 80 Nuclear | 96 | % | 101 | % | (5 | )% | ||||||
| 81 Coal | 80 | % | 78 | % | 2 | % | ||||||
| 82 Gas, oil and other | 11 | % | 14 | % | (3 | )% | ||||||
| 83 System average | 46 | % | 48 | % | (2 | )% | ||||||
ECONOMIC INDICATORS | ||||||||||||
Building Permits — Metro Phoenix (a) | ||||||||||||
| 84 Single-family | 1,149 | 837 | 312 | |||||||||
| 85 Multi-family | 253 | 539 | (286 | ) | ||||||||
| 86 Total | 1,402 | 1,376 | 26 | |||||||||
Arizona Job Growth (b) | ||||||||||||
| 87 Payroll job growth (% over prior year) | (4.4 | )% | (6.5 | )% | 2.1 | % | ||||||
| 88 Unemployment rate (%, seasonally adjusted) | 9.4 | % | 8.3 | % | 1.1 | % | ||||||
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