Exhibit 99.2
Last Updated 7/29/2010
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2010 and 2009
Periods Ended June 30, 2010 and 2009
3 Months Ended June | 6 Months Ended June | |||||||||||||||||||||||||
Line | 2010 | 2009 | Incr (Decr) | 2010 | 2009 | Incr (Decr) | ||||||||||||||||||||
EARNINGS CONTRIBUTION BY SUBSIDIARY ($ Millions) | ||||||||||||||||||||||||||
1 | Arizona Public Service | $ | 95 | $ | 83 | $ | 12 | $ | 111 | $ | 72 | $ | 39 | |||||||||||||
2 | APS Energy Services | 1 | (1 | ) | 2 | 1 | (2 | ) | 3 | |||||||||||||||||
3 | SunCor | — | — | — | — | — | — | |||||||||||||||||||
4 | El Dorado | — | — | — | — | (6 | ) | 6 | ||||||||||||||||||
5 | Parent Company | (1 | ) | (1 | ) | — | (5 | ) | (4 | ) | (1 | ) | ||||||||||||||
6 | Income From Continuing Operations | 95 | 81 | 14 | 107 | 60 | 47 | |||||||||||||||||||
Income (Loss) From Discontinued Operations — Net of Tax | ||||||||||||||||||||||||||
7 | SunCor | (2 | ) | (19 | ) | 17 | (23 | ) | (247 | ) | 224 | |||||||||||||||
8 | Other | 27 | 11 | 16 | 35 | 94 | (59 | ) | ||||||||||||||||||
9 | Total | 25 | (8 | ) | 33 | 12 | (153 | ) | 165 | |||||||||||||||||
10 | Net Income | 120 | 73 | 47 | 119 | (93 | ) | 212 | ||||||||||||||||||
11 | Less: Net Income (Loss) Attributable to Noncontrolling Interests | 5 | 5 | — | 10 | (5 | ) | 15 | ||||||||||||||||||
12 | Net Income Attributable to Common Shareholders | $ | 115 | $ | 68 | $ | 47 | $ | 109 | $ | (88 | ) | $ | 197 | ||||||||||||
EARNINGS PER SHARE BY SUBSIDIARY — DILUTED | ||||||||||||||||||||||||||
13 | Arizona Public Service | $ | 0.88 | $ | 0.82 | $ | 0.06 | $ | 1.06 | $ | 0.72 | $ | 0.34 | |||||||||||||
14 | APS Energy Services | 0.01 | (0.01 | ) | 0.02 | 0.01 | (0.02 | ) | 0.03 | |||||||||||||||||
15 | SunCor | — | — | — | — | — | — | |||||||||||||||||||
16 | El Dorado | — | — | — | — | (0.06 | ) | 0.06 | ||||||||||||||||||
17 | Parent Company | (0.02 | ) | (0.01 | ) | (0.01 | ) | (0.06 | ) | (0.04 | ) | (0.02 | ) | |||||||||||||
18 | Income From Continuing Operations | 0.87 | 0.80 | 0.07 | 1.01 | 0.60 | 0.41 | |||||||||||||||||||
Income (Loss) From Discontinued Operations — Net of Tax | ||||||||||||||||||||||||||
19 | SunCor | (0.02 | ) | (0.18 | ) | 0.16 | (0.22 | ) | (2.45 | ) | 2.23 | |||||||||||||||
20 | Other | 0.26 | 0.11 | 0.15 | 0.34 | 0.93 | (0.59 | ) | ||||||||||||||||||
21 | Total | 0.24 | (0.07 | ) | 0.31 | 0.12 | (1.52 | ) | 1.64 | |||||||||||||||||
22 | Net Income | 1.11 | 0.73 | 0.38 | 1.13 | (0.92 | ) | 2.05 | ||||||||||||||||||
23 | Less: Net Income (Loss) Attributable to Noncontrolling Interests | 0.04 | 0.05 | (0.01 | ) | 0.09 | (0.05 | ) | 0.14 | |||||||||||||||||
24 | Net Income Attributable to Common Shareholders | $ | 1.07 | $ | 0.68 | $ | 0.39 | $ | 1.04 | $ | (0.87 | ) | $ | 1.91 | ||||||||||||
25 | BOOK VALUE PER SHARE | $ | 32.07 | $ | 31.70 | $ | 0.37 | $ | 32.07 | $ | 31.70 | $ | 0.37 | |||||||||||||
COMMON SHARES OUTSTANDING (Thousands) | ||||||||||||||||||||||||||
26 | Average — Diluted | 107,764 | 101,193 | 6,571 | 104,857 | 101,048 | 3,809 | |||||||||||||||||||
27 | End of Period | 108,511 | 101,171 | 7,340 | 108,511 | 101,071 | 7,440 |
See Glossary of Terms. | Page 1 of 4 |
Last Updated 7/29/2010
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2010 and 2009
Periods Ended June 30, 2010 and 2009
3 Months Ended June | 6 Months Ended June | |||||||||||||||||||||||||
Line | 2010 | 2009 | Incr (Decr) | 2010 | 2009 | Incr (Decr) | ||||||||||||||||||||
ELECTRIC OPERATING REVENUES (Dollars in Millions) | ||||||||||||||||||||||||||
REGULATED ELECTRICITY | ||||||||||||||||||||||||||
SEGMENT | ||||||||||||||||||||||||||
Retail | ||||||||||||||||||||||||||
28 | Residential | $ | 360 | $ | 377 | $ | (17 | ) | $ | 627 | $ | 633 | $ | (6 | ) | |||||||||||
29 | Business | 382 | 389 | (7 | ) | 672 | 687 | (15 | ) | |||||||||||||||||
30 | Total retail | 742 | 766 | (24 | ) | 1,299 | 1,320 | (21 | ) | |||||||||||||||||
Wholesale revenue on delivered electricity | ||||||||||||||||||||||||||
31 | Traditional contracts | 16 | 17 | (1 | ) | 34 | 28 | 6 | ||||||||||||||||||
32 | Off-system sales | 19 | 12 | 7 | 36 | 34 | 2 | |||||||||||||||||||
33 | Transmission for others | 9 | 8 | 1 | 17 | 15 | 2 | |||||||||||||||||||
34 | Other miscellaneous services | 13 | 9 | 4 | 26 | 18 | 8 | |||||||||||||||||||
35 | Total regulated operating electricity revenues | 799 | 812 | (13 | ) | 1,411 | 1,415 | (4 | ) | |||||||||||||||||
MARKETING AND TRADING | ||||||||||||||||||||||||||
36 | Electricity and other commodity sales | 2 | — | 2 | 1 | — | 1 | |||||||||||||||||||
37 | Total operating electric revenues | $ | 801 | $ | 812 | $ | (11 | ) | $ | 1,412 | $ | 1,415 | $ | (3 | ) | |||||||||||
ELECTRIC SALES (GWH) | ||||||||||||||||||||||||||
REGULATED ELECTRICITY | ||||||||||||||||||||||||||
SEGMENT | ||||||||||||||||||||||||||
Retail sales | ||||||||||||||||||||||||||
38 | Residential | 2,957 | 3,180 | (223 | ) | 5,532 | 5,679 | (147 | ) | |||||||||||||||||
39 | Business | 3,719 | 3,842 | (123 | ) | 6,886 | 7,102 | (216 | ) | |||||||||||||||||
40 | Total retail | 6,676 | 7,022 | (346 | ) | 12,418 | 12,781 | (363 | ) | |||||||||||||||||
Wholesale electricity delivered | ||||||||||||||||||||||||||
41 | Traditional contracts | 206 | 232 | (26 | ) | 361 | 397 | (36 | ) | |||||||||||||||||
42 | Off-system sales | 674 | 720 | (46 | ) | 1,283 | 1,417 | (134 | ) | |||||||||||||||||
43 | Retail load hedge management | 98 | 225 | (127 | ) | 299 | 377 | (78 | ) | |||||||||||||||||
44 | Total regulated electricity | 7,654 | 8,199 | (545 | ) | 14,361 | 14,972 | (611 | ) | |||||||||||||||||
MARKETING AND TRADING | ||||||||||||||||||||||||||
45 | Wholesale sales of electricity | — | — | — | — | — | — | |||||||||||||||||||
46 | Total electric sales | 7,654 | 8,199 | (545 | ) | 14,361 | 14,972 | (611 | ) | |||||||||||||||||
POWER SUPPLY ADJUSTOR (“PSA”) — REGULATED ELECTRICITY SEGMENT (Dollars in Millions) | ||||||||||||||||||||||||||
47 | Deferred fuel and purchased power regulatory asset — beginning balance | $ | (105 | ) | $ | (49 | ) | $ | (56 | ) | $ | (87 | ) | $ | 8 | $ | (95 | ) | ||||||||
48 | Deferred fuel and purchased power costs — current period | (21 | ) | 15 | (36 | ) | (65 | ) | (13 | ) | (52 | ) | ||||||||||||||
49 | Interest on deferred fuel | — | — | — | — | |||||||||||||||||||||
50 | Amounts recovered through revenues | 29 | (37 | ) | 66 | 56 | (66 | ) | 122 | |||||||||||||||||
51 | Deferred fuel and purchased power regulatory asset — ending balance | $ | (97 | ) | $ | (71 | ) | $ | (26 | ) | $ | (97 | ) | $ | (71 | ) | $ | (26 | ) | |||||||
See Glossary of Terms. | Page 2 of 4 |
Last Updated 7/29/2010
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2010 and 2009
Periods Ended June 30, 2010 and 2009
3 Months Ended June | 6 Months Ended June | |||||||||||||||||||||||||
Line | 2010 | 2009 | Incr (Decr) | 2010 | 2009 | Incr (Decr) | ||||||||||||||||||||
AVERAGE ELECTRIC CUSTOMERS | ||||||||||||||||||||||||||
Retail customers | ||||||||||||||||||||||||||
52 | Residential | 989,122 | 981,749 | 7,373 | 992,088 | 985,212 | 6,876 | |||||||||||||||||||
53 | Business | 125,533 | 125,245 | 288 | 125,465 | 125,178 | 287 | |||||||||||||||||||
54 | Total | 1,114,655 | 1,106,994 | 7,661 | 1,117,553 | 1,110,390 | 7,163 | |||||||||||||||||||
55 | Wholesale customers | 51 | 44 | 7 | 51 | 47 | 4 | |||||||||||||||||||
56 | Total customers | 1,114,706 | 1,107,038 | 7,668 | 1,117,604 | 1,110,437 | 7,167 | |||||||||||||||||||
57 | Customer growth (% over prior year) | 0.7 | % | 0.7 | % | 0.0 | % | 0.6 | % | 0.7 | % | (0.1 | )% | |||||||||||||
RETAIL SALES (GWH) — WEATHER NORMALIZED | ||||||||||||||||||||||||||
58 | Residential | 3,196 | 3,150 | 46 | 5,751 | 5,736 | 15 | |||||||||||||||||||
59 | Business | 3,813 | 3,818 | (5 | ) | 7,009 | 7,078 | (69 | ) | |||||||||||||||||
60 | Total | 7,009 | 6,968 | 41 | 12,760 | 12,814 | (54 | ) | ||||||||||||||||||
RETAIL USAGE (KWh/Average Customer) | ||||||||||||||||||||||||||
61 | Residential | 2,989 | 3,239 | (250 | ) | 5,576 | 5,764 | (188 | ) | |||||||||||||||||
62 | Business | 29,628 | 30,678 | (1,083 | ) | 54,886 | 56,738 | (1,852 | ) | |||||||||||||||||
RETAIL USAGE - WEATHER NORMALIZED (KWh/Average Customer) | ||||||||||||||||||||||||||
63 | Residential | 3,231 | 3,209 | 22 | 5,796 | 5,822 | (26 | ) | ||||||||||||||||||
64 | Business | 30,374 | 30,513 | (139 | ) | 55,865 | 56,550 | (685 | ) | |||||||||||||||||
ELECTRICITY DEMAND (MW) | ||||||||||||||||||||||||||
65 | Native load peak demand | 6,463 | 6,443 | 20 | 6,463 | 6,443 | 20 | |||||||||||||||||||
WEATHER INDICATORS | ||||||||||||||||||||||||||
Actual | ||||||||||||||||||||||||||
66 | Cooling degree-days | 381 | 461 | (80 | ) | 381 | 461 | (80 | ) | |||||||||||||||||
67 | Heating degree-days | 19 | 24 | (5 | ) | 520 | 407 | 113 | ||||||||||||||||||
68 | Average humidity | 19 | % | 20 | % | (1 | )% | 32 | % | 28 | % | 4 | % | |||||||||||||
10-Year Averages | ||||||||||||||||||||||||||
69 | Cooling degree-days | 511 | 501 | 10 | 511 | 501 | 10 | |||||||||||||||||||
70 | Heating degree-days | 20 | 20 | — | 522 | 522 | — | |||||||||||||||||||
71 | Average humidity | 20 | % | 20 | % | — | 28 | % | 31 | % | (3 | )% |
See Glossary of Terms. | Page 3 of 4 |
Last Updated 7/29/2010
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended June 30, 2010 and 2009
Periods Ended June 30, 2010 and 2009
3 Months Ended June | 6 Months Ended June | |||||||||||||||||||||||||
Line | 2010 | 2009 | Incr (Decr) | 2010 | 2009 | Incr (Decr) | ||||||||||||||||||||
ENERGY SOURCES (GWH) | ||||||||||||||||||||||||||
Generation production | ||||||||||||||||||||||||||
72 | Nuclear | 2,011 | 2,014 | (3 | ) | 4,376 | 4,507 | (131 | ) | |||||||||||||||||
73 | Coal | 3,116 | 2,857 | 259 | 6,123 | 5,808 | 315 | |||||||||||||||||||
74 | Gas, oil and other | 1,196 | 1,283 | (87 | ) | 2,012 | 2,308 | (296 | ) | |||||||||||||||||
75 | Total generation production | 6,323 | 6,154 | 169 | 12,511 | 12,623 | (112 | ) | ||||||||||||||||||
Purchased power | ||||||||||||||||||||||||||
76 | Firm load | 1,356 | 1,890 | (534 | ) | 1,828 | 2,398 | (570 | ) | |||||||||||||||||
77 | Marketing and trading | 423 | 726 | (303 | ) | 844 | 986 | (142 | ) | |||||||||||||||||
78 | Total purchased power | 1,779 | 2,616 | (837 | ) | 2,672 | 3,384 | (712 | ) | |||||||||||||||||
79 | Total energy sources | 8,102 | 8,770 | (668 | ) | 15,183 | 16,007 | (824 | ) | |||||||||||||||||
POWER PLANT PERFORMANCE | ||||||||||||||||||||||||||
Capacity Factors | ||||||||||||||||||||||||||
80 | Nuclear | 80 | % | 81 | % | (1 | )% | 88 | % | 31 | % | 57 | % | |||||||||||||
81 | Coal | 81 | % | 75 | % | 6 | % | 81 | % | 77 | % | 4 | % | |||||||||||||
82 | Gas, oil and other | 20 | % | 21 | % | (1 | )% | 15 | % | 19 | % | (4 | )% | |||||||||||||
83 | System average | 48 | % | 45 | % | 3 | % | 47 | % | 46 | % | 1 | % | |||||||||||||
ECONOMIC INDICATORS | ||||||||||||||||||||||||||
Building Permits — Metro Phoenix (a) | ||||||||||||||||||||||||||
84 | Single-family | 935 | 1,007 | (72 | ) | 2,861 | 1,844 | 1,017 | ||||||||||||||||||
85 | Multi-family | 135 | 317 | (182 | ) | 404 | 856 | (452 | ) | |||||||||||||||||
86 | Total | 1,070 | 1,324 | (254 | ) | 3,265 | 2,700 | 565 | ||||||||||||||||||
Arizona Job Growth (b) | ||||||||||||||||||||||||||
87 | Payroll job growth (% over prior year) | (0.8 | )% | (7.9 | )% | 7.1 | % | (2.4 | )% | (7.2 | )% | 4.8 | % | |||||||||||||
88 | Unemployment rate (%, seasonally adjusted) | 9.6 | % | 9.2 | % | 0.4 | % | 9.5 | % | 8.8 | % | 0.7 | % |
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 |