EXHIBIT 99.4
Last Updated 1/28/2005
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2003
| Increase | ||||||||||||||||||||||||||||
| (Decrease) | ||||||||||||||||||||||||||||
| Line | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Year-To-Date | vs Prior YTD | ||||||||||||||||||||||
EARNINGS CONTRIBUTION BY SUBSIDIARY ($ Millions) | ||||||||||||||||||||||||||||
| 1 | Arizona Public Service | $ | 16 | $ | 43 | $ | 100 | $ | 21 | $ | 181 | $ | (18 | ) | ||||||||||||||
| 2 | Pinnacle West Energy | 5 | 2 | 3 | (12 | ) | (1 | ) | 18 | |||||||||||||||||||
| 3 | APS Energy Services | 8 | 5 | 1 | 3 | 16 | (12 | ) | ||||||||||||||||||||
| 4 | SunCor | 1 | 2 | 6 | 36 | 46 | 36 | |||||||||||||||||||||
| 5 | El Dorado | — | — | — | — | — | (4 | ) | ||||||||||||||||||||
| 6 | Parent Company | (12 | ) | 2 | (1 | ) | (3 | ) | (16 | ) | (36 | ) | ||||||||||||||||
| 7 | Income From Continuing Operations | 18 | 54 | 109 | 45 | 226 | (16 | ) | ||||||||||||||||||||
| 8a | Income From Discontinued Operations - Net of Tax | 7 | 2 | 1 | 4 | 15 | 42 | |||||||||||||||||||||
| 8b | Cumulative Effect of Change in Accounting - Net of Tax | — | — | — | — | — | 66 | |||||||||||||||||||||
| 9 | Net Income | $ | 25 | $ | 56 | $ | 110 | $ | 49 | $ | 241 | $ | 92 | |||||||||||||||
EARNINGS PER SHARE BY SUBSIDIARY - DILUTED | ||||||||||||||||||||||||||||
| 10 | Arizona Public Service | $ | 0.17 | $ | 0.47 | $ | 1.10 | $ | 0.24 | $ | 1.98 | $ | (0.37 | ) | ||||||||||||||
| 11 | Pinnacle West Energy | 0.06 | 0.02 | 0.04 | (0.14 | ) | (0.01 | ) | 0.22 | |||||||||||||||||||
| 12 | APS Energy Services | 0.08 | 0.06 | 0.01 | 0.03 | 0.18 | (0.15 | ) | ||||||||||||||||||||
| 13 | SunCor | 0.01 | 0.02 | 0.07 | 0.39 | 0.50 | 0.37 | |||||||||||||||||||||
| 14 | El Dorado | — | — | (0.01 | ) | — | (0.01 | ) | (0.06 | ) | ||||||||||||||||||
| 15 | Parent Company | (0.12 | ) | 0.02 | (0.02 | ) | (0.03 | ) | (0.17 | ) | (0.40 | ) | ||||||||||||||||
| 16 | Income From Continuing Operations | 0.20 | 0.59 | 1.19 | 0.49 | 2.47 | (0.39 | ) | ||||||||||||||||||||
| 17a | Income From Discontinued Operations - Net of Tax | 0.08 | 0.02 | 0.01 | 0.05 | 0.16 | 0.48 | |||||||||||||||||||||
| 17b | Cumulative Effect of Change in Accounting - Net of Tax | — | — | — | — | — | 0.77 | |||||||||||||||||||||
| 18 | Net Income | $ | 0.28 | $ | 0.61 | $ | 1.20 | $ | 0.54 | $ | 2.63 | $ | 0.86 | |||||||||||||||
| 19 | BOOK VALUE PER SHARE | $ | 29.39 | $ | 29.95 | $ | 30.68 | $ | 30.97 | $ | 30.97 | $ | 1.57 | |||||||||||||||
COMMON SHARES OUTSTANDING - DILUTED (Thousands) | ||||||||||||||||||||||||||||
| 20 | Average | 91,359 | 91,450 | 91,467 | 91,403 | 91,405 | 6,441 | |||||||||||||||||||||
| 21 | End of Period | 91,257 | 91,262 | 91,271 | 91,288 | 91,288 | 33 | |||||||||||||||||||||
| See Glossary of Terms. | Page 1 of 8 |
Last Updated 1/28/2005
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2003
| Increase | ||||||||||||||||||||||||||||
| (Decrease) | ||||||||||||||||||||||||||||
| Line | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Year-To-Date | vs Prior YTD | ||||||||||||||||||||||
ELECTRIC OPERATING REVENUES (Dollars in Millions) | ||||||||||||||||||||||||||||
Regulated Electricity Segment | ||||||||||||||||||||||||||||
| Retail | ||||||||||||||||||||||||||||
| 22 | Residential | $ | 168 | $ | 233 | $ | 363 | $ | 193 | $ | 957 | $ | 51 | |||||||||||||||
| 23 | Business | 196 | 251 | 284 | 222 | 953 | 25 | |||||||||||||||||||||
| 24 | Total retail | 364 | 484 | 647 | 415 | 1,910 | 76 | |||||||||||||||||||||
| Wholesale revenue on delivered electricity | ||||||||||||||||||||||||||||
| 25 | Traditional contracts | 3 | 4 | 5 | 3 | 15 | 6 | |||||||||||||||||||||
| 26 | Retail load hedge management | — | — | — | — | — | — | |||||||||||||||||||||
| 27 | Transmission for others | 6 | 5 | 9 | 7 | 27 | (3 | ) | ||||||||||||||||||||
| 28 | Other miscellaneous services | 7 | 6 | 6 | 7 | 26 | 9 | |||||||||||||||||||||
| 29 | Total regulated electricity | 380 | 499 | 667 | 432 | 1,978 | 88 | |||||||||||||||||||||
Marketing and Trading Segment | ||||||||||||||||||||||||||||
| Delivered marketing and trading | ||||||||||||||||||||||||||||
| 30 | Generation sales other than native load | 44 | 20 | 8 | 16 | 88 | 38 | |||||||||||||||||||||
| 31 | Realized margins on electricity trading (a) | 9 | 5 | 2 | 6 | 22 | (28 | ) | ||||||||||||||||||||
| 32 | Other delivered electricity (a) | 72 | 78 | 84 | 74 | 308 | 140 | |||||||||||||||||||||
| 33 | Total delivered marketing and trading | 125 | 103 | 94 | 96 | 418 | 150 | |||||||||||||||||||||
Other Marketing and Trading | ||||||||||||||||||||||||||||
| 34 | Realized margins on delivered commodities other than electricity (a) | (2 | ) | (2 | ) | (5 | ) | 1 | (8 | ) | (16 | ) | ||||||||||||||||
| 35 | Prior period mark-to-market (gains) losses on contracts delivered during current period (a) | (3 | ) | 1 | (3 | ) | (1 | ) | (11 | ) | 30 | |||||||||||||||||
| 36 | Change in mark-to-market for future-period deliveries | (3 | ) | (1 | ) | (3 | ) | (5 | ) | (7 | ) | (59 | ) | |||||||||||||||
| 37 | Total other marketing and trading | (8 | ) | (2 | ) | (11 | ) | (5 | ) | (26 | ) | (45 | ) | |||||||||||||||
| 38 | Total marketing and trading | 117 | 101 | 83 | 91 | 392 | 105 | |||||||||||||||||||||
| 39 | Total electric operating revenues | $ | 497 | $ | 600 | $ | 750 | $ | 523 | $ | 2,370 | $ | 193 | |||||||||||||||
| (a) | The net effect on net electric operating revenues from realization of prior-period mark-to-market included in line 39 is zero. Realization of prior-period mark-to-market relates to cash flow recognition, not revenue recognition. The arithmetic opposites of amounts included in line 35 are included in lines 31, 32 and 34. For example, line 35 shows that a prior-period mark-to-market gain of $1 million was transferred to “realized” for the fourth quarter of 2003. Lines 31, 32 and 34 include amounts totaling $1 million of realized gain for the fourth quarter of 2003. |
| See Glossary of Terms. | Page 2 of 8 |
Last Updated 1/28/2005
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2003
| Increase | ||||||||||||||||||||||||||||
| (Decrease) | ||||||||||||||||||||||||||||
| Line | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Year-To-Date | vs Prior YTD | ||||||||||||||||||||||
ELECTRIC SALES (GWH) | ||||||||||||||||||||||||||||
Regulated Electricity Segment | ||||||||||||||||||||||||||||
| Retail sales | ||||||||||||||||||||||||||||
| 40 | Residential | 2,104 | 2,543 | 4,126 | 2,374 | 11,147 | 703 | |||||||||||||||||||||
| 41 | Business | 2,849 | 3,450 | 3,891 | 3,226 | 13,416 | 499 | |||||||||||||||||||||
| 42 | Total retail | 4,953 | 5,993 | 8,017 | 5,600 | 24,563 | 1,202 | |||||||||||||||||||||
| Wholesale electricity delivered | ||||||||||||||||||||||||||||
| 43 | Traditional contracts | 130 | 131 | 127 | 112 | 500 | 26 | |||||||||||||||||||||
| 44 | Retail load hedge management | 109 | 205 | 446 | 333 | 1,093 | (1,549 | ) | ||||||||||||||||||||
| 45 | Total regulated electricity | 5,192 | 6,329 | 8,590 | 6,045 | 26,156 | (321 | ) | ||||||||||||||||||||
Marketing and Trading Segment | ||||||||||||||||||||||||||||
| Delivered marketing and trading | ||||||||||||||||||||||||||||
| 46 | Generation sales other than native load | 992 | 476 | 203 | 475 | 2,146 | 355 | |||||||||||||||||||||
| 47 | Electricity trading | 5,074 | 4,936 | 5,640 | 5,655 | 21,305 | 3,268 | |||||||||||||||||||||
| 48 | Other delivered electricity | 1,306 | 1,386 | 1,412 | 1,247 | 5,351 | 2,324 | |||||||||||||||||||||
| 49 | Total delivered marketing and trading | 7,372 | 6,798 | 7,255 | 7,377 | 28,802 | 5,947 | |||||||||||||||||||||
| 50 | Total electric sales | 12,564 | 13,127 | 15,845 | 13,422 | 54,958 | 5,626 | |||||||||||||||||||||
| See Glossary of Terms. | Page 3 of 8 |
Last Updated 1/28/2005
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2003
| Increase | ||||||||||||||||||||||||||
| (Decrease) | ||||||||||||||||||||||||||
| Line | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Year-To-Date | vs Prior YTD | ||||||||||||||||||||
MARKETING AND TRADING SEGMENT PRETAX GROSS MARGIN ANALYSIS (Dollars in Millions) | ||||||||||||||||||||||||||
Realized and Mark-To-Market Components | ||||||||||||||||||||||||||
| Current Period Effects | ||||||||||||||||||||||||||
| Realized margin on delivered commodities | ||||||||||||||||||||||||||
| Electricity | ||||||||||||||||||||||||||
| 51 | Generation sales other than native load | $ | 3 | $ | 1 | $ | — | $ | 3 | $ | 7 | $ | (7 | ) | ||||||||||||
| 52 | Other electricity marketing and trading (a) | 24 | 21 | 9 | 12 | 66 | (33 | ) | ||||||||||||||||||
| 53 | Total electricity | 27 | 22 | 9 | 15 | 73 | (40 | ) | ||||||||||||||||||
| 54 | Other commodities (a) | (2 | ) | (2 | ) | (5 | ) | 1 | (8 | ) | (16 | ) | ||||||||||||||
| 55 | Total realized margin | 25 | 20 | 4 | 16 | 65 | (56 | ) | ||||||||||||||||||
| Prior-period mark-to-market (gains) losses on contracts delivered during current period | ||||||||||||||||||||||||||
| 56 | Electricity (a) | (5 | ) | (2 | ) | (3 | ) | (2 | ) | (14 | ) | 16 | ||||||||||||||
| 57 | Other commodities (a) | 2 | 3 | — | 1 | 3 | 14 | |||||||||||||||||||
| 58 | Charge related to trading activities with Enron and its affiliates | — | — | — | — | — | — | |||||||||||||||||||
| 59 | Subtotal | (3 | ) | 1 | (3 | ) | (1 | ) | (11 | ) | 30 | |||||||||||||||
| 60 | Total current period effects (b) | 22 | 21 | 1 | 15 | 54 | (26 | ) | ||||||||||||||||||
| Change in mark-to-market gains (losses) for future period deliveries (b) | ||||||||||||||||||||||||||
| 61 | Electricity | (6 | ) | 1 | — | (5 | ) | (8 | ) | (71 | ) | |||||||||||||||
| 62 | Other commodities | 3 | (2 | ) | (3 | ) | — | 1 | 12 | |||||||||||||||||
| 63 | Total future period effects | (3 | ) | (1 | ) | (3 | ) | (5 | ) | (7 | ) | (59 | ) | |||||||||||||
| 64 | Total gross margin | $ | 19 | $ | 20 | $ | (2 | ) | $ | 10 | $ | 47 | $ | (85 | ) | |||||||||||
Future Marketing and Trading Mark-to-Market Realization
As of December 31, 2003, Pinnacle West had accumulated mark-to-market net gains of $23 million related to our power marketing and trading activities. We estimate that these gains will be reclassified to realized gains as the underlying commodities are delivered, as follows: 2004, $5 million; 2005, $5 million; 2006, $3 million and thereafter, $10 million.
| (a) | The net effect on pretax gross margin from realization of prior-period mark-to-market included in line 60 and in line 64 is zero. Realization of prior-period mark-to-market relates to cash flow recognition, not earnings recognition. The arithmetic opposites of amounts included in line 56 are included in line 52. The opposites of amounts included in line 57 are included in line 54. For example, line 56 shows that a prior-period mark-to-market gain of $2 million was transferred to “realized” for the fourth quarter of 2003. A $2 million realized gain is included in the $12 million on line 52 for the fourth quarter of 2003. | |
| (b) | Quarterly amounts do not total to the annual amounts because of intra-year mark-to-market eliminations. |
| See Glossary of Terms. | Page 4 of 8 |
Last Updated 1/28/2005
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2003
| Increase | ||||||||||||||||||||||||||
| (Decrease) | ||||||||||||||||||||||||||
| Line | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Year-To-Date | vs Prior YTD | ||||||||||||||||||||
MARKETING AND TRADING SEGMENT PRETAX GROSS MARGIN ANALYSIS (continued) (Dollars in Millions) | ||||||||||||||||||||||||||
By Commodity Sold or Traded | ||||||||||||||||||||||||||
| 65 | Electricity | $ | 17 | $ | 21 | $ | 6 | $ | 8 | $ | 52 | $ | (95 | ) | ||||||||||||
| 66 | Natural gas | 2 | 3 | (5 | ) | 3 | 3 | 9 | ||||||||||||||||||
| 67 | Coal | (1 | ) | (1 | ) | — | — | (2 | ) | — | ||||||||||||||||
| 68 | Emission allowances | — | (3 | ) | (3 | ) | (1 | ) | (7 | ) | — | |||||||||||||||
| 69 | Other | 1 | — | — | — | 1 | 1 | |||||||||||||||||||
| 70 | Total gross margin | $ | 19 | $ | 20 | $ | (2 | ) | $ | 10 | $ | 47 | $ | (85 | ) | |||||||||||
By Pinnacle West Entity | ||||||||||||||||||||||||||
| Parent company marketing and trading division | ||||||||||||||||||||||||||
| 71 | Generation sales other than native load | $ | (2 | ) | $ | — | $ | — | $ | — | $ | (2 | ) | $ | (10 | ) | ||||||||||
| 72 | Other marketing and trading APS | 4 | 4 | (2 | ) | (9 | ) | (3 | ) | (85 | ) | |||||||||||||||
| 73 | Generation sales other than native load | 6 | 1 | — | 4 | 11 | 9 | |||||||||||||||||||
| 74 | Other marketing and trading | — | 3 | (6 | ) | — | (3 | ) | (3 | ) | ||||||||||||||||
| Pinnacle West Energy | ||||||||||||||||||||||||||
| 75 | Generation sales other than native load | (1 | ) | — | — | (1 | ) | (2 | ) | (6 | ) | |||||||||||||||
| 76 | Other marketing and trading | — | — | — | 10 | 10 | 10 | |||||||||||||||||||
| APS ES | ||||||||||||||||||||||||||
| 77 | Other marketing and trading | 12 | 12 | 6 | 6 | 36 | — | |||||||||||||||||||
| 78 | Total gross margin before income taxes | $ | 19 | $ | 20 | $ | (2 | ) | $ | 10 | $ | 47 | $ | (85 | ) | |||||||||||
| See Glossary of Terms. | Page 5 of 8 |
Last Updated 1/28/2005
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2003
| Increase | ||||||||||||||||||||||||||
| (Decrease) | ||||||||||||||||||||||||||
| Line | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Year-To-Date | vs Prior YTD | ||||||||||||||||||||
AVERAGE ELECTRIC CUSTOMERS | ||||||||||||||||||||||||||
| Retail customers | ||||||||||||||||||||||||||
| 79 | Residential | 827,937 | 821,331 | 824,655 | 839,539 | 828,366 | 26,565 | |||||||||||||||||||
| 80 | Business | 101,999 | 102,601 | 103,262 | 104,521 | 103,096 | 2,868 | |||||||||||||||||||
| 81 | Total | 929,936 | 923,932 | 927,917 | 944,060 | 931,462 | 29,432 | |||||||||||||||||||
| 82 | Wholesale customers | 65 | 66 | 66 | 66 | 66 | (1 | ) | ||||||||||||||||||
| 83 | Total customers | 930,001 | 923,998 | 927,983 | 944,126 | 931,528 | 29,431 | |||||||||||||||||||
| 84 | Customer Growth (% over prior year) | 3.3 | % | 3.1 | % | 3.2 | % | 3.4 | % | 3.3 | % | 0.2 | % | |||||||||||||
RETAIL SALES (GWH) WEATHER NORMALIZED | ||||||||||||||||||||||||||
| 85 | Residential | 2,243 | 2,522 | 3,866 | 2,268 | 10,899 | 468 | |||||||||||||||||||
| 86 | Business | 2,875 | 3,495 | 3,828 | 3,168 | 13,366 | 461 | |||||||||||||||||||
| 87 | Total | 5,118 | 6,017 | 7,694 | 5,436 | 24,265 | 929 | |||||||||||||||||||
RETAIL USAGE (KWh/Average Customer) | ||||||||||||||||||||||||||
| 88 | Residential | 2,541 | 3,096 | 5,004 | 2,828 | 13,457 | 432 | |||||||||||||||||||
| 89 | Business | 27,927 | 33,625 | 37,677 | 30,865 | 130,131 | 1,246 | |||||||||||||||||||
RETAIL USAGE WEATHER NORMALIZED (KWh/Average Customer) | ||||||||||||||||||||||||||
| 90 | Residential | 2,709 | 3,071 | 4,688 | 2,701 | 13,157 | 148 | |||||||||||||||||||
| 91 | Business | 28,187 | 34,064 | 37,071 | 30,310 | 129,646 | 890 | |||||||||||||||||||
ELECTRICITY DEMAND (MW) | ||||||||||||||||||||||||||
| 92 | System peak demand | 3,569 | 5,571 | 6,332 | 5,124 | 6,332 | 529 | |||||||||||||||||||
| See Glossary of Terms. | Page 6 of 8 |
Last Updated 1/28/2005
Pinnacle West Capital Corporation
Consolidated Statistical By Quarter
2003
| Increase | ||||||||||||||||||||||||||||
| (Decrease) | ||||||||||||||||||||||||||||
| Line | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Year-To-Date | vs Prior YTD | ||||||||||||||||||||||
ENERGY SOURCES (GWH) | ||||||||||||||||||||||||||||
| �� | Generation production | |||||||||||||||||||||||||||
| 93 | Nuclear | 2,306 | 2,047 | 2,230 | 1,732 | 8,315 | (666 | ) | ||||||||||||||||||||
| 94 | Coal | 2,770 | 2,824 | 2,972 | 2,800 | 11,366 | (690 | ) | ||||||||||||||||||||
| 95 | Gas, oil and other | 1,288 | 1,572 | 2,696 | 535 | 6,091 | 1,722 | |||||||||||||||||||||
| 96 | Total | 6,364 | 6,443 | 7,898 | 5,067 | 25,772 | 366 | |||||||||||||||||||||
| Purchased power | ||||||||||||||||||||||||||||
| 97 | Firm load | (12 | ) | 606 | 1,099 | 1,418 | 3,111 | 1,492 | ||||||||||||||||||||
| 98 | Marketing and trading | 6,489 | 6,527 | 7,498 | 7,235 | 27,749 | 4,045 | |||||||||||||||||||||
| 99 | Total | 6,477 | 7,133 | 8,597 | 8,653 | 30,860 | 5,537 | |||||||||||||||||||||
| 100 | Total energy sources | 12,841 | 13,576 | 16,495 | 13,720 | 56,632 | 5,903 | |||||||||||||||||||||
POWER PLANT PERFORMANCE | ||||||||||||||||||||||||||||
| Capacity Factors | ||||||||||||||||||||||||||||
| 101 | Nuclear | 98 | % | 86 | % | 93 | % | 72 | % | 87 | % | (7 | )% | |||||||||||||||
| 102 | Coal | 75 | % | 75 | % | 79 | % | 74 | % | 76 | % | (4 | )% | |||||||||||||||
| 103 | Gas, oil and other | 26 | % | 31 | % | 44 | % | 9 | % | 28 | % | 1 | % | |||||||||||||||
| 104 | System average | 58 | % | 59 | % | 64 | % | 41 | % | 55 | % | (8 | )% | |||||||||||||||
| Generation Capacity Out of Service and Replaced for Native Load (average MW/day) | ||||||||||||||||||||||||||||
| 105 | Nuclear | 31 | 136 | 61 | 297 | 131 | 64 | |||||||||||||||||||||
| 106 | Coal | 292 | 254 | 277 | 253 | 269 | 102 | |||||||||||||||||||||
| 107 | Gas | 189 | 148 | 154 | 338 | 205 | 157 | |||||||||||||||||||||
| 108 | Total | 512 | 538 | 492 | 888 | 605 | 323 | |||||||||||||||||||||
| 109 | Generation Fuel Cost ($/MWh) | $ | 15.89 | $ | 16.80 | $ | 19.52 | $ | 15.40 | $ | 17.36 | $ | 4.35 | |||||||||||||||
| See Glossary of Terms. | Page 7 of 8 |
Last Updated 1/28/2005
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2003
| Increase | ||||||||||||||||||||||||||||
| (Decrease) | ||||||||||||||||||||||||||||
| Line | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Year-To-Date | vs Prior YTD | ||||||||||||||||||||||
ENERGY MARKET INDICATORS (a) | ||||||||||||||||||||||||||||
| Electricity Average Daily Spot Prices ($/MWh) | ||||||||||||||||||||||||||||
| On-Peak | ||||||||||||||||||||||||||||
| 110 | Palo Verde | $ | 49.66 | $ | 48.88 | $ | 52.88 | $ | 42.98 | $ | 48.60 | $ | 16.32 | |||||||||||||||
| 111 | SP15 | $ | 54.35 | $ | 50.73 | $ | 53.54 | $ | 46.88 | $ | 51.38 | $ | 17.16 | |||||||||||||||
| Off-Peak | ||||||||||||||||||||||||||||
| 112 | Palo Verde | $ | 36.09 | $ | 25.48 | $ | 36.08 | $ | 30.48 | $ | 32.03 | $ | 12.14 | |||||||||||||||
| 113 | SP15 | $ | 39.70 | $ | 28.27 | $ | 37.81 | $ | 32.85 | $ | 34.66 | $ | 12.97 | |||||||||||||||
WEATHER INDICATORS | ||||||||||||||||||||||||||||
| Actual | ||||||||||||||||||||||||||||
| 114 | Cooling degree-days | 76 | 1,550 | 2,701 | 572 | 4,899 | 24 | |||||||||||||||||||||
| 115 | Heating degree-days | 349 | 17 | — | 370 | 736 | (64 | ) | ||||||||||||||||||||
| 116 | Average humidity | 44 | % | 18 | % | 30 | % | 34 | % | 31 | % | 4 | % | |||||||||||||||
| 10-Year Averages | ||||||||||||||||||||||||||||
| 117 | Cooling degree-days | 80 | 1,491 | 2,540 | 420 | 4,531 | — | |||||||||||||||||||||
| 118 | Heating degree-days | 521 | 36 | — | 415 | 972 | — | |||||||||||||||||||||
| 119 | Average humidity | 43 | % | 24 | % | 33 | % | 40 | % | 35 | % | 0 | % | |||||||||||||||
ECONOMIC INDICATORS | ||||||||||||||||||||||||||||
| Building Permits — Metro Phoenix (b) | ||||||||||||||||||||||||||||
| 120 | Single-family | 8,030 | 10,613 | 11,191 | 9,817 | 39,651 | 5,339 | |||||||||||||||||||||
| 121 | Multi-family | 863 | 2,053 | 1,231 | 2,580 | 6,727 | (347 | ) | ||||||||||||||||||||
| 122 | Total | 8,893 | 12,666 | 12,422 | 12,397 | 46,378 | 4,992 | |||||||||||||||||||||
| Arizona Job Growth (c) | ||||||||||||||||||||||||||||
| 123 | Payroll job growth (% over prior year) | 1.1 | % | 0.6 | % | 1.1 | % | 1.5 | % | 1.1 | % | 1.1 | % | |||||||||||||||
| 124 | Unemployment rate (%, seasonally adjusted) | 5.9 | % | 5.9 | % | 5.7 | % | 5.1 | % | 5.6 | % | (0.6 | )% | |||||||||||||||
| Sources: |
| (a) | This price is an average of daily prices obtained and used with permission from Dow Jones & Company, Inc. | |
| (b) | Arizona Real Estate Center, Arizona State University W.P. Carey College of Business | |
| (c) | Arizona Department of Economic Security |
| See Glossary of Terms. | Page 8 of 8 |