Exhibit 99.2
Last Updated 10/28/2010
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2010 and 2009
Periods Ended September 30, 2010 and 2009
3 Months Ended September | 9 Months Ended September | |||||||||||||||||||||||||
Line | 2010 | 2009 | Incr (Decr) | 2010 | 2009 | Incr (Decr) | ||||||||||||||||||||
EARNINGS CONTRIBUTION BY SUBSIDIARY ($ Millions) | ||||||||||||||||||||||||||
1 | Arizona Public Service | $ | 232 | $ | 202 | $ | 30 | $ | 343 | $ | 274 | $ | 69 | |||||||||||||
2 | APS Energy Services | 2 | (1 | ) | 3 | 3 | (4 | ) | 7 | |||||||||||||||||
3 | SunCor | — | — | — | — | — | — | |||||||||||||||||||
4 | El Dorado | 1 | — | 1 | 1 | (6 | ) | 7 | ||||||||||||||||||
5 | Parent Company | (3 | ) | 2 | (5 | ) | (9 | ) | (1 | ) | (8 | ) | ||||||||||||||
6 | Income From Continuing Operations | 232 | 203 | 29 | 338 | 263 | 75 | |||||||||||||||||||
Income (Loss) From Discontinued Operations — Net of Tax | ||||||||||||||||||||||||||
7 | SunCor | 13 | (21 | ) | 34 | (9 | ) | (268 | ) | 259 | ||||||||||||||||
8 | Other | (6 | ) | 9 | (15 | ) | 29 | 102 | (73 | ) | ||||||||||||||||
9 | Total | 7 | (12 | ) | 19 | 20 | (166 | ) | 186 | |||||||||||||||||
10 | Net Income | 239 | 191 | 48 | 358 | 97 | 261 | |||||||||||||||||||
11 | Less: Net Income (Loss) Attributable to Noncontrolling Interests | 5 | 4 | 1 | 15 | (1 | ) | 16 | ||||||||||||||||||
12 | Net Income Attributable to Common Shareholders | $ | 234 | $ | 187 | $ | 47 | $ | 343 | $ | 98 | $ | 245 | |||||||||||||
EARNINGS PER SHARE BY SUBSIDIARY — DILUTED | ||||||||||||||||||||||||||
13 | Arizona Public Service | $ | 2.13 | $ | 2.00 | $ | 0.13 | $ | 3.22 | $ | 2.71 | $ | 0.51 | |||||||||||||
14 | APS Energy Services | 0.02 | (0.01 | ) | 0.03 | 0.03 | (0.03 | ) | 0.06 | |||||||||||||||||
15 | SunCor | — | — | — | — | — | — | |||||||||||||||||||
16 | El Dorado | 0.01 | — | 0.01 | 0.01 | (0.06 | ) | 0.07 | ||||||||||||||||||
17 | Parent Company | (0.03 | ) | 0.02 | (0.05 | ) | (0.08 | ) | (0.02 | ) | (0.06 | ) | ||||||||||||||
18 | Income From Continuing Operations | 2.13 | 2.01 | 0.12 | 3.18 | 2.60 | 0.58 | |||||||||||||||||||
Income (Loss) From Discontinued Operations — Net of Tax | ||||||||||||||||||||||||||
19 | SunCor | 0.12 | (0.21 | ) | 0.33 | (0.09 | ) | (2.65 | ) | 2.56 | ||||||||||||||||
20 | Other | (0.06 | ) | 0.08 | (0.14 | ) | 0.27 | 1.01 | (0.74 | ) | ||||||||||||||||
21 | Total | 0.06 | (0.13 | ) | 0.19 | 0.18 | (1.64 | ) | 1.82 | |||||||||||||||||
22 | Net Income | 2.19 | 1.88 | 0.31 | 3.36 | 0.96 | 2.40 | |||||||||||||||||||
23 | Less: Net Income (Loss) Attributable to Noncontrolling Interests | 0.05 | 0.04 | 0.01 | 0.14 | (0.01 | ) | 0.15 | ||||||||||||||||||
24 | Net Income Attributable to Common Shareholders | $ | 2.14 | $ | 1.84 | $ | 0.30 | $ | 3.22 | $ | 0.97 | $ | 2.25 | |||||||||||||
25 | BOOK VALUE PER SHARE | $ | 34.19 | $ | 33.54 | $ | 0.65 | $ | 34.19 | $ | 33.54 | $ | 0.65 | |||||||||||||
COMMON SHARES OUTSTANDING (Thousands) | ||||||||||||||||||||||||||
26 | Average — Diluted | 109,094 | 101,385 | 7,709 | 106,318 | 101,184 | 5,134 | |||||||||||||||||||
27 | End of Period | 108,710 | 101,275 | 7,435 | 108,710 | 101,275 | 7,435 |
See Glossary of Terms. | Page 1 of 4 |
Last Updated 10/28/2010
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2010 and 2009
Periods Ended September 30, 2010 and 2009
3 Months Ended September | 9 Months Ended September | |||||||||||||||||||||||||
Line | 2010 | 2009 | Incr (Decr) | 2010 | 2009 | Incr (Decr) | ||||||||||||||||||||
ELECTRIC OPERATING REVENUES (Dollars in Millions) | ||||||||||||||||||||||||||
REGULATED ELECTRICITY SEGMENT | ||||||||||||||||||||||||||
Retail | ||||||||||||||||||||||||||
28 | Residential | $ | 596 | $ | 588 | $ | 8 | $ | 1,224 | $ | 1,221 | $ | 3 | |||||||||||||
29 | Business | 445 | 446 | (1 | ) | 1,116 | 1,133 | (17 | ) | |||||||||||||||||
30 | Total retail | 1,041 | 1,034 | 7 | 2,340 | 2,354 | (14 | ) | ||||||||||||||||||
Wholesale revenue on delivered electricity | ||||||||||||||||||||||||||
31 | Traditional contracts | 20 | 21 | (1 | ) | 54 | 49 | 5 | ||||||||||||||||||
32 | Off-system sales | 31 | 8 | 23 | 66 | 42 | 24 | |||||||||||||||||||
33 | Transmission for others | 10 | 10 | — | 27 | 25 | 2 | |||||||||||||||||||
34 | Other miscellaneous services | 15 | 11 | 4 | 41 | 29 | 12 | |||||||||||||||||||
35 | Total regulated operating electricity revenues | 1,117 | 1,084 | 33 | 2,528 | 2,499 | 29 | |||||||||||||||||||
MARKETING AND TRADING | ||||||||||||||||||||||||||
36 | Electricity and other commodity sales | — | — | — | 1 | — | 1 | |||||||||||||||||||
37 | Total operating electric revenues | $ | 1,117 | $ | 1,084 | $ | 33 | $ | 2,529 | $ | 2,499 | $ | 30 | |||||||||||||
ELECTRIC SALES (GWH) | ||||||||||||||||||||||||||
REGULATED ELECTRICITY SEGMENT | ||||||||||||||||||||||||||
Retail sales | ||||||||||||||||||||||||||
38 | Residential | 4,890 | 4,948 | (58 | ) | 10,422 | 10,627 | (205 | ) | |||||||||||||||||
39 | Business | 4,325 | 4,373 | (48 | ) | 11,211 | 11,475 | (264 | ) | |||||||||||||||||
40 | Total retail | 9,215 | 9,321 | (106 | ) | 21,633 | 22,102 | (469 | ) | |||||||||||||||||
Wholesale electricity delivered | ||||||||||||||||||||||||||
41 | Traditional contracts | 262 | 295 | (33 | ) | 623 | 692 | (69 | ) | |||||||||||||||||
42 | Off-system sales | 785 | 374 | 411 | 2,068 | 1,791 | 277 | |||||||||||||||||||
43 | Retail load hedge management | 264 | 541 | (277 | ) | 563 | 918 | (355 | ) | |||||||||||||||||
44 | Total regulated electricity | 10,526 | 10,531 | (5 | ) | 24,887 | 25,503 | (616 | ) | |||||||||||||||||
MARKETING AND TRADING | ||||||||||||||||||||||||||
45 | Wholesale sales of electricity | — | — | — | — | — | — | |||||||||||||||||||
46 | Total electric sales | 10,526 | 10,531 | (5 | ) | 24,887 | 25,503 | (616 | ) | |||||||||||||||||
POWER SUPPLY ADJUSTOR (“PSA”) — REGULATED ELECTRICITY SEGMENT (Dollars in Millions) | ||||||||||||||||||||||||||
47 | Deferred fuel and purchased power regulatory asset — beginning balance | $ | (97 | ) | $ | (71 | ) | $ | (26 | ) | $ | (87 | ) | $ | 8 | $ | (95 | ) | ||||||||
48 | Deferred fuel and purchased power costs — current period | 15 | 60 | (45 | ) | (49 | ) | 47 | (96 | ) | ||||||||||||||||
49 | Interest on deferred fuel | — | — | — | — | — | — | |||||||||||||||||||
50 | Amounts recovered through revenues | 41 | (49 | ) | 90 | 96 | (115 | ) | 211 | |||||||||||||||||
51 | Deferred fuel and purchased power regulatory asset — ending balance | $ | (41 | ) | $ | (60 | ) | $ | 19 | $ | (41 | ) | $ | (60 | ) | $ | 19 | |||||||||
See Glossary of Terms. | Page 2 of 4 |
Last Updated 10/28/2010
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2010 and 2009
Periods Ended September 30, 2010 and 2009
3 Months Ended September | 9 Months Ended September | |||||||||||||||||||||||||
Line | 2010 | 2009 | Incr (Decr) | 2010 | 2009 | Incr (Decr) | ||||||||||||||||||||
AVERAGE ELECTRIC CUSTOMERS | ||||||||||||||||||||||||||
Retail customers | ||||||||||||||||||||||||||
52 | Residential | 985,460 | 978,657 | 6,803 | 989,879 | 983,027 | 6,852 | |||||||||||||||||||
53 | Business | 125,118 | 125,291 | (173 | ) | 125,349 | 125,216 | 133 | ||||||||||||||||||
54 | Total | 1,110,578 | 1,103,948 | 6,630 | 1,115,228 | 1,108,243 | 6,985 | |||||||||||||||||||
55 | Wholesale customers | 49 | 46 | 3 | 50 | 47 | 3 | |||||||||||||||||||
56 | Total customers | 1,110,627 | 1,103,994 | 6,633 | 1,115,278 | 1,108,289 | 6,989 | |||||||||||||||||||
57 | Customer growth (% over prior year) | 0.6 | % | 0.6 | % | 0.0 | % | 0.6 | % | 0.7 | % | (0.1 | )% | |||||||||||||
RETAIL SALES (GWH) — WEATHER NORMALIZED | ||||||||||||||||||||||||||
58 | Residential | 4,766 | 4,866 | (100 | ) | 10,517 | 10,602 | (85 | ) | |||||||||||||||||
59 | Business | 4,320 | 4,381 | (61 | ) | 11,329 | 11,460 | (131 | ) | |||||||||||||||||
60 | Total | 9,086 | 9,247 | (161 | ) | 21,846 | 22,062 | (216 | ) | |||||||||||||||||
RETAIL USAGE (KWh/Average Customer) | ||||||||||||||||||||||||||
61 | Residential | 4,963 | 5,056 | (93 | ) | 10,529 | 10,810 | (281 | ) | |||||||||||||||||
62 | Business | 34,565 | 34,905 | (340 | ) | 89,437 | 91,646 | (2,209 | ) | |||||||||||||||||
RETAIL USAGE — WEATHER NORMALIZED(KWh/Average Customer) | ||||||||||||||||||||||||||
63 | Residential | 4,836 | 4,972 | (136 | ) | 10,624 | 10,785 | (161 | ) | |||||||||||||||||
64 | Business | 34,527 | 34,966 | (439 | ) | 90,381 | 91,519 | (1,138 | ) | |||||||||||||||||
ELECTRICITY DEMAND (MW) | ||||||||||||||||||||||||||
65 | Native load peak demand | 6,936 | 7,218 | (282 | ) | 6,936 | 7,218 | (282 | ) | |||||||||||||||||
WEATHER INDICATORS | ||||||||||||||||||||||||||
Actual | ||||||||||||||||||||||||||
66 | Cooling degree-days | 2,679 | 2,721 | (42 | ) | 4,106 | 4,408 | (302 | ) | |||||||||||||||||
67 | Heating degree-days | — | — | — | 520 | 407 | 113 | |||||||||||||||||||
68 | Average humidity | 29 | % | 24 | % | 5 | % | 31 | % | 26 | % | 5 | % | |||||||||||||
10-Year Averages | ||||||||||||||||||||||||||
69 | Cooling degree-days | 2,560 | 2,560 | — | 4,268 | 4,268 | — | |||||||||||||||||||
70 | Heating degree-days | — | — | — | 522 | 522 | — | |||||||||||||||||||
71 | Average humidity | 31 | % | 31 | % | — | 29 | % | 29 | % | 0 | % |
See Glossary of Terms. | Page 3 of 4 |
Last Updated 10/28/2010
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended September 30, 2010 and 2009
Periods Ended September 30, 2010 and 2009
3 Months Ended September | 9 Months Ended September | |||||||||||||||||||||||||
Line | 2010 | 2009 | Incr (Decr) | 2010 | 2009 | Incr (Decr) | ||||||||||||||||||||
ENERGY SOURCES (GWH) | ||||||||||||||||||||||||||
Generation production | ||||||||||||||||||||||||||
72 | Nuclear | 2,534 | 2,544 | (10 | ) | 6,910 | 7,051 | (141 | ) | |||||||||||||||||
73 | Coal | 3,101 | 3,388 | (287 | ) | 9,224 | 9,196 | 28 | ||||||||||||||||||
74 | Gas, oil and other | 2,040 | 2,284 | (244 | ) | 4,052 | 4,592 | (540 | ) | |||||||||||||||||
75 | Total generation production | 7,674 | 8,216 | (542 | ) | 20,185 | 20,839 | (654 | ) | |||||||||||||||||
Purchased power | ||||||||||||||||||||||||||
76 | Firm load | 2,984 | 2,230 | 754 | 4,812 | 4,628 | 184 | |||||||||||||||||||
77 | Marketing and trading | 481 | 753 | (272 | ) | 1,325 | 1,739 | (414 | ) | |||||||||||||||||
78 | Total purchased power | 3,465 | 2,983 | 482 | 6,137 | 6,367 | (230 | ) | ||||||||||||||||||
79 | Total energy sources | 11,139 | 11,199 | (60 | ) | 26,322 | 27,206 | (884 | ) | |||||||||||||||||
POWER PLANT PERFORMANCE | ||||||||||||||||||||||||||
Capacity Factors | ||||||||||||||||||||||||||
80 | Nuclear | 100 | % | 101 | % | (1 | )% | 92 | % | 94 | % | (2 | )% | |||||||||||||
81 | Coal | 80 | % | 88 | % | (8 | )% | 80 | % | 81 | % | (1 | )% | |||||||||||||
82 | Gas, oil and other | 27 | % | 31 | % | (4 | )% | 18 | % | 21 | % | (3 | )% | |||||||||||||
83 | System average | 55 | % | 59 | % | (4 | )% | 49 | % | 51 | % | (2 | )% | |||||||||||||
ECONOMIC INDICATORS | ||||||||||||||||||||||||||
Building Permits — Metro Phoenix (a)(c) | ||||||||||||||||||||||||||
84 | Single-family | 910 | 1,412 | (502 | ) | 4,296 | 4,226 | 70 | ||||||||||||||||||
85 | Multi-family | 110 | 27 | 83 | 572 | 930 | (358 | ) | ||||||||||||||||||
86 | Total | 1,020 | 1,439 | (419 | ) | 4,868 | 5,156 | (288 | ) | |||||||||||||||||
Arizona Job Growth (b)(c) | ||||||||||||||||||||||||||
87 | Payroll job growth (% over prior year) | (0.1 | )% | (8.0 | )% | 7.9 | % | (2.0 | )% | (7.4 | )% | 5.4 | % | |||||||||||||
88 | Unemployment rate(%, seasonally adjusted) | 9.7 | % | 9.5 | % | 0.2 | % | 9.5 | % | 8.9 | % | 0.6 | % |
Sources: | ||
(a) | Arizona Real Estate Center, Arizona State University W.P. Carey College of Business | |
(b) | Arizona Department of Economic Security | |
(c) | Latest available data through August |
See Glossary of Terms. | Page 4 of 4 |