Exhibit 99.1
Last Updated | 5/5/2009 |
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended March 31, 2009 and 2008
3 Mo. Ended March | |||||||||||||||
Line | 2009 | 2008 | Incr (Decr) | ||||||||||||
EARNINGS CONTRIBUTION BY SUBSIDIARY ($ Millions) | |||||||||||||||
1 | Arizona Public Service | $ | (15 | ) | $ | (6 | ) | $ | (9 | ) | |||||
2 | APS Energy Services | (1 | ) | 1 | (2 | ) | |||||||||
3 | SunCor | (224 | ) | (4 | ) | (220 | ) | ||||||||
4 | El Dorado | (6 | ) | (1 | ) | (5 | ) | ||||||||
5 | Parent Company | 78 | 4 | 74 | |||||||||||
6 | Income (Loss) From Continuing Operations | (168 | ) | (6 | ) | (162 | ) | ||||||||
Income (Loss) From Discontinued Operations — Net of Tax | |||||||||||||||
7 | SunCor | (5 | ) | 3 | (8 | ) | |||||||||
8 | Other | 2 | (1 | ) | 3 | ||||||||||
9 | Total | (3 | ) | 2 | (5 | ) | |||||||||
10 | Net Income (Loss) | (171 | ) | (4 | ) | (167 | ) | ||||||||
11 | Less: Net Income (Loss) Attributable to Noncontrolling Interests | (14 | ) | — | (14 | ) | |||||||||
12 | Net Income (Loss) Attributable to Common Shareholders | $ | (157 | ) | $ | (4 | ) | $ | (153 | ) | |||||
EARNINGS PER SHARE BY SUBSIDIARY — DILUTED | |||||||||||||||
13 | Arizona Public Service | $ | (0.15 | ) | $ | (0.06 | ) | $ | (0.09 | ) | |||||
14 | APS Energy Services | (0.01 | ) | 0.01 | (0.02 | ) | |||||||||
15 | SunCor | (2.22 | ) | (0.03 | ) | (2.19 | ) | ||||||||
16 | El Dorado | (0.06 | ) | (0.02 | ) | (0.04 | ) | ||||||||
17 | Parent Company | 0.78 | 0.04 | 0.74 | |||||||||||
18 | Income (Loss) From Continuing Operations | (1.66 | ) | (0.06 | ) | (1.60 | ) | ||||||||
Income (Loss) From Discontinued Operations — Net of Tax | |||||||||||||||
19 | SunCor | (0.05 | ) | 0.03 | (0.08 | ) | |||||||||
20 | Other | 0.02 | (0.01 | ) | 0.03 | ||||||||||
21 | Total | (0.03 | ) | 0.02 | (0.05 | ) | |||||||||
22 | Net Income (Loss) | (1.69 | ) | (0.04 | ) | (1.65 | ) | ||||||||
23 | Less: Net Income (Loss) Attributable to Noncontrolling Interests | (0.14 | ) | — | (0.14 | ) | |||||||||
24 | Net Income (Loss) Attributable to Common Shareholders | $ | (1.55 | ) | $ | (0.04 | ) | $ | (1.51 | ) | |||||
25 | BOOK VALUE PER SHARE | $ | 31.29 | $ | 35.22 | $ | (3.93 | ) | |||||||
COMMON SHARES OUTSTANDING (Thousands) | |||||||||||||||
26 | Average — Diluted | 100,986 | 100,521 | 465 | |||||||||||
27 | End of Period | 101,074 | 100,625 | 449 |
See Glossary of Terms
Page 1 of 4
Last Updated | 5/5/2009 |
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended March 31, 2009 and 2008
3 Mo. Ended March | |||||||||||||||
Line | 2009 | 2008 | Incr (Decr) | ||||||||||||
ELECTRIC OPERATING REVENUES (Dollars in Millions) | |||||||||||||||
REGULATED ELECTRICITY SEGMENT | |||||||||||||||
Retail | |||||||||||||||
28 | Residential | $ | 256 | $ | 271 | $ | (15 | ) | |||||||
29 | Business | 298 | 300 | (2 | ) | ||||||||||
30 | Total retail | 554 | 571 | (17 | ) | ||||||||||
Wholesale revenue on delivered electricity | |||||||||||||||
31 | Traditional contracts | 11 | 12 | (1 | ) | ||||||||||
32 | Off-system sales | 22 | 24 | (2 | ) | ||||||||||
33 | Transmission for others | 7 | 7 | — | |||||||||||
34 | Other miscellaneous services | 9 | 9 | — | |||||||||||
35 | Total regulated operating electricity revenues | 603 | 623 | (20 | ) | ||||||||||
MARKETING AND TRADING | |||||||||||||||
36 | Electricity and other commodity sales | — | 30 | (30 | ) | ||||||||||
37 | Total operating electric revenues | $ | 603 | $ | 653 | $ | (50 | ) | |||||||
ELECTRIC SALES (GWH) | |||||||||||||||
REGULATED ELECTRICITY SEGMENT | |||||||||||||||
Retail sales | |||||||||||||||
38 | Residential | 2,499 | 2,774 | (275 | ) | ||||||||||
39 | Business | 3,260 | 3,338 | (78 | ) | ||||||||||
40 | Total retail | 5,759 | 6,112 | (353 | ) | ||||||||||
Wholesale electricity delivered | |||||||||||||||
41 | Traditional contracts | 165 | 222 | (57 | ) | ||||||||||
42 | Off-system sales | 697 | 416 | 281 | |||||||||||
43 | Retail load hedge management | 152 | 162 | (10 | ) | ||||||||||
44 | Total regulated electricity | 6,773 | 6,912 | (139 | ) | ||||||||||
MARKETING AND TRADING | |||||||||||||||
45 | Wholesale sales of electricity | — | 911 | (911 | ) | ||||||||||
46 | Total electric sales | 6,773 | 7,823 | (1,050 | ) | ||||||||||
POWER SUPPLY ADJUSTOR (“PSA”) — REGULATED ELECTRICITY SEGMENT (Dollars in Millions) | |||||||||||||||
47 | Deferred fuel and purchased power regulatory asset — beginning balance | $ | 8 | $ | 111 | $ | (103 | ) | |||||||
48 | Deferred fuel and purchased power costs — current period | (28 | ) | (11 | ) | (17 | ) | ||||||||
49 | Interest on deferred fuel | — | 1 | (1 | ) | ||||||||||
50 | Amounts recovered through revenues | (29 | ) | (51 | ) | 22 | |||||||||
51 | Deferred fuel and purchased power regulatory asset — ending balance | $ | (49 | ) | $ | 50 | $ | (99 | ) | ||||||
See Glossary of Terms
Page 2 of 4
Last Updated | 5/5/2009 |
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended March 31, 2009 and 2008
3 Mo. Ended March | |||||||||||||||
Line | 2009 | 2008 | Incr (Decr) | ||||||||||||
AVERAGE ELECTRIC CUSTOMERS | |||||||||||||||
Retail customers | |||||||||||||||
52 | Residential | 988,675 | 982,459 | 6,216 | |||||||||||
53 | Business | 125,111 | 122,833 | 2,278 | |||||||||||
54 | Total | 1,113,786 | 1,105,292 | 8,494 | |||||||||||
55 | Wholesale customers | 50 | 50 | — | |||||||||||
56 | Total customers | 1,113,836 | 1,105,342 | 8,494 | |||||||||||
57 | Customer growth (% over prior year) | 0.8 | % | 2.0 | % | (1.2 | )% | ||||||||
RETAIL SALES (GWH) — WEATHER NORMALIZED | |||||||||||||||
58 | Residential | 2,609 | 2,694 | (85 | ) | ||||||||||
59 | Business | 3,286 | 3,300 | (14 | ) | ||||||||||
60 | Total | 5,895 | 5,994 | (99 | ) | ||||||||||
RETAIL USAGE (KWh/Average Customer) | |||||||||||||||
61 | Residential | 2,527 | 2,824 | (297 | ) | ||||||||||
62 | Business | 26,057 | 27,175 | (1,118 | ) | ||||||||||
RETAIL USAGE — WEATHER NORMALIZED (KWh/Average Customer) | |||||||||||||||
63 | Residential | 2,639 | 2,742 | (103 | ) | ||||||||||
64 | Business | 26,266 | 26,865 | (599 | ) | ||||||||||
ELECTRICITY DEMAND (MW) | |||||||||||||||
65 | Native load peak demand | 4,023 | 4,404 | (381 | ) | ||||||||||
WEATHER INDICATORS | |||||||||||||||
Actual | |||||||||||||||
66 | Cooling degree-days | 104 | 105 | (1 | ) | ||||||||||
67 | Heating degree-days | 383 | 583 | (200 | ) | ||||||||||
68 | Average humidity | 35 | % | 40 | % | (5 | )% | ||||||||
10-Year Averages | |||||||||||||||
69 | Cooling degree-days | 71 | 96 | (25 | ) | ||||||||||
70 | Heating degree-days | 571 | 517 | 54 | |||||||||||
71 | Average humidity | 41 | % | 42 | % | (1 | )% |
See Glossary of Terms
Page 3 of 4
Last Updated | 5/5/2009 |
Pinnacle West Capital Corporation
Quarterly Consolidated Statistical Summary
Periods Ended March 31, 2009 and 2008
3 Mo. Ended March | |||||||||||||||
Line | 2009 | 2008 | Incr (Decr) | ||||||||||||
ENERGY SOURCES (GWH) | |||||||||||||||
Generation production | |||||||||||||||
72 | Nuclear | 2,493 | 2,315 | 178 | |||||||||||
73 | Coal | 2,951 | 2,906 | 45 | |||||||||||
74 | Gas, oil and other | 1,025 | 1,148 | (123 | ) | ||||||||||
75 | Total generation production | 6,469 | 6,369 | 100 | |||||||||||
Purchased power | |||||||||||||||
76 | Firm load | 508 | 740 | (232 | ) | ||||||||||
77 | Marketing and trading | 260 | 1,196 | (936 | ) | ||||||||||
78 | Total purchased power | 768 | 1,936 | (1,168 | ) | ||||||||||
79 | Total energy sources | 7,237 | 8,305 | (1,068 | ) | ||||||||||
POWER PLANT PERFORMANCE | |||||||||||||||
Capacity Factors | |||||||||||||||
80 | Nuclear | 101 | % | 92 | % | 9 | % | ||||||||
81 | Coal | 78 | % | 76 | % | 2 | % | ||||||||
82 | Gas, oil and other | 14 | % | 16 | % | (2 | )% | ||||||||
83 | System average | 48 | % | 47 | % | 1 | % | ||||||||
ECONOMIC INDICATORS | |||||||||||||||
Building Permits — Metro Phoenix (a) (c) | |||||||||||||||
84 | Single-family | 505 | 1,967 | (1,462 | ) | ||||||||||
85 | Multi-family | 308 | 1,425 | (1,117 | ) | ||||||||||
86 | Total | 813 | 3,392 | (2,579 | ) | ||||||||||
Arizona Job Growth (b) (c) | |||||||||||||||
87 | Payroll job growth (% over prior year) | (6.2 | )% | 0.1 | % | (6.3 | )% | ||||||||
88 | Unemployment rate (%, seasonally adjusted) | 7.2 | % | 4.5 | % | 2.7 | % |
Sources:
(a) | Arizona Real Estate Center, Arizona State University W.P. Carey College of Business | |
(b) | Arizona Department of Economic Security | |
(c) | Economic indicators reflect periods ended February 28, 2009 (latest available data) and February 28, 2008. |
See Glossary of Terms
Page 4 of 4