Exhibit 99.5
Last Updated 11/4/2008
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2006
| 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 | $ | (6 | ) | $ | 94 | $ | 169 | $ | 13 | $ | 270 | $ | 100 | ||||||||||||
| 2 | Pinnacle West Energy | — | — | — | — | — | 85 | |||||||||||||||||||
| 3 | APS Energy Services | 1 | — | (2 | ) | (2 | ) | (3 | ) | 3 | ||||||||||||||||
| 4 | SunCor | 21 | 8 | 17 | 3 | 50 | 11 | |||||||||||||||||||
| 5 | El Dorado | (1 | ) | — | — | (1 | ) | (3 | ) | (1 | ) | |||||||||||||||
| 6 | Parent Company | (3 | ) | 9 | — | (3 | ) | 3 | (104 | ) | ||||||||||||||||
| 7 | Income From Continuing Operations | 12 | 111 | 184 | 10 | 317 | 94 | |||||||||||||||||||
| Income (Loss) From Discontinued Operations — Net of Tax | ||||||||||||||||||||||||||
| 8 | Silverhawk | — | — | — | — | 1 | 68 | |||||||||||||||||||
| 9 | SunCor | 1 | 1 | — | 8 | 10 | (7 | ) | ||||||||||||||||||
| 10 | Other | — | — | — | — | (1 | ) | (4 | ) | |||||||||||||||||
| 11 | Total | 1 | 1 | — | 8 | 10 | 57 | |||||||||||||||||||
| 12 | Net Income | $ | 13 | $ | 112 | $ | 184 | $ | 18 | $ | 327 | $ | 151 | |||||||||||||
EARNINGS PER SHARE BY SUBSIDIARY — DILUTED | ||||||||||||||||||||||||||
| 13 | Arizona Public Service | $ | (0.06 | ) | $ | 0.95 | $ | 1.69 | $ | 0.13 | $ | 2.70 | $ | 0.93 | ||||||||||||
| 14 | Pinnacle West Energy | — | — | — | — | — | 0.89 | |||||||||||||||||||
| 15 | APS Energy Services | 0.01 | — | (0.02 | ) | (0.02 | ) | (0.03 | ) | 0.03 | ||||||||||||||||
| 16 | SunCor | 0.21 | 0.07 | 0.17 | 0.03 | 0.50 | 0.10 | |||||||||||||||||||
| 17 | El Dorado | (0.01 | ) | — | — | (0.01 | ) | (0.03 | ) | (0.01 | ) | |||||||||||||||
| 18 | Parent Company | (0.03 | ) | �� | 0.09 | — | (0.03 | ) | 0.03 | (1.08 | ) | |||||||||||||||
| 19 | Income From Continuing Operations | 0.12 | 1.11 | 1.84 | 0.10 | 3.17 | 0.86 | |||||||||||||||||||
| Income (Loss) From Discontinued Operations — Net of Tax | ||||||||||||||||||||||||||
| 20 | Silverhawk | — | — | — | — | — | 0.69 | |||||||||||||||||||
| 21 | SunCor | 0.01 | 0.02 | — | 0.08 | 0.10 | (0.07 | ) | ||||||||||||||||||
| 22 | Other | — | — | — | — | — | (0.03 | ) | ||||||||||||||||||
| 23 | Total | 0.01 | 0.02 | — | 0.08 | 0.10 | 0.59 | |||||||||||||||||||
| 24 | Net Income | $ | 0.13 | $ | 1.13 | $ | 1.84 | $ | 0.18 | $ | 3.27 | $ | 1.45 | |||||||||||||
| 25 | BOOK VALUE PER SHARE | $ | 32.37 | $ | 33.08 | $ | 34.07 | $ | 34.48 | $ | 34.48 | $ | (0.10 | ) | ||||||||||||
COMMON SHARES OUTSTANDING (Thousands) | ||||||||||||||||||||||||||
| 26 | Average — Diluted | 99,449 | 99,640 | 99,973 | 100,474 | 100,010 | 3,420 | |||||||||||||||||||
| 27 | End of Period | 99,187 | 99,284 | 99,648 | 99,959 | 99,959 | 902 | |||||||||||||||||||
| See Glossary of Terms. | Page 20 of 31 |
Last Updated 11/4/2008
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2006
| 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 | ||||||||||||||||||||||||||
| 28 | Residential | $ | 202 | $ | 337 | $ | 490 | $ | 242 | $ | 1,271 | $ | 192 | |||||||||||||
| 29 | Business | 233 | 333 | 371 | 302 | 1,239 | 198 | |||||||||||||||||||
| 30 | Total retail | 435 | 670 | 861 | 544 | 2,510 | 390 | |||||||||||||||||||
Wholesale revenue on delivered electricity | ||||||||||||||||||||||||||
| 31 | Traditional contracts | 6 | 7 | 12 | (3 | ) | 22 | (1 | ) | |||||||||||||||||
| 32 | Off-system sales | 12 | 22 | — | 12 | 46 | 6 | |||||||||||||||||||
| 33 | Transmission for others | 6 | 6 | 7 | 7 | 26 | — | |||||||||||||||||||
| 34 | Other miscellaneous services | 7 | 8 | 7 | 9 | 31 | 3 | |||||||||||||||||||
| 35 | Total regulated operating electricity revenues | 466 | 713 | 887 | 569 | 2,635 | 398 | |||||||||||||||||||
MARKETING AND TRADING | ||||||||||||||||||||||||||
| 36 | Electricity and other commodity sales | 85 | 90 | 85 | 71 | 331 | (21 | ) | ||||||||||||||||||
| 37 | Total operating electric revenues | $ | 551 | $ | 803 | $ | 972 | $ | 640 | $ | 2,966 | $ | 377 | |||||||||||||
ELECTRIC SALES (GWH) | ||||||||||||||||||||||||||
REGULATED ELECTRICITY SEGMENT | ||||||||||||||||||||||||||
Retail sales | ||||||||||||||||||||||||||
| 38 | Residential | 2,419 | 3,284 | 4,720 | 2,571 | 12,994 | 771 | |||||||||||||||||||
| 39 | Business | 3,199 | 3,971 | 4,222 | 3,584 | 14,976 | 722 | |||||||||||||||||||
| 40 | Total retail | 5,618 | 7,255 | 8,942 | 6,155 | 27,970 | 1,493 | |||||||||||||||||||
Wholesale electricity delivered | ||||||||||||||||||||||||||
| 41 | Traditional contracts | 215 | 181 | 321 | 166 | 883 | 33 | |||||||||||||||||||
| 42 | Off-system sales | 672 | 218 | 219 | 504 | 1,613 | 277 | |||||||||||||||||||
| 43 | Retail load hedge management | 178 | 622 | 450 | 340 | 1,590 | (1,420 | ) | ||||||||||||||||||
| 44 | Total regulated electricity | 6,683 | 8,276 | 9,932 | 7,165 | 32,056 | 383 | |||||||||||||||||||
MARKETING AND TRADING | ||||||||||||||||||||||||||
| 45 | Wholesale sales of electricity | 3,962 | 3,862 | 4,841 | 3,690 | 16,355 | (7,217 | ) | ||||||||||||||||||
| 46 | Total electric sales | 10,645 | 12,138 | 14,773 | 10,855 | 48,411 | (6,834 | ) | ||||||||||||||||||
| See Glossary of Terms. | Page 21 of 31 |
Last Updated 11/4/2008
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2006
| Increase | ||||||||||||||||||||||||||
| (Decrease) | ||||||||||||||||||||||||||
| Line | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Year-To-Date | vs Prior YTD | ||||||||||||||||||||
POWER SUPPLY ADJUSTOR (“PSA”) — REGULATED ELECTRICITY SEGMENT (Dollars in Millions) | ||||||||||||||||||||||||||
| 47 | Deferred fuel and purchased power regulatory asset — beginning balance | $ | 173 | $ | 169 | $ | 175 | $ | 209 | $ | 173 | $ | 173 | |||||||||||||
| 48 | Deferred fuel and purchased power costs — current period | 13 | 78 | 134 | 19 | 244 | 73 | |||||||||||||||||||
| 49 | Regulatory disallowance | — | — | — | — | — | — | |||||||||||||||||||
| 50 | Interest on deferred fuel | 1 | 3 | 2 | 2 | 8 | 6 | |||||||||||||||||||
| 51 | Amounts recovered through revenues | (18 | ) | (75 | ) | (102 | ) | (70 | ) | (265 | ) | (265 | ) | |||||||||||||
| 52 | Deferred fuel and purchased power regulatory asset — ending balance | $ | 169 | $ | 175 | $ | 209 | $ | 160 | $ | 160 | $ | (13 | ) | ||||||||||||
MARKETING AND TRADING PRETAX GROSS MARGIN ANALYSIS (Dollars in Millions) | ||||||||||||||||||||||||||
Realized and Mark-To-Market Components | ||||||||||||||||||||||||||
| 53 | Electricity and other commodity sales, realized (a) | $ | 10 | $ | 17 | $ | 7 | $ | 17 | $ | 54 | $ | (1 | ) | ||||||||||||
| 54 | Mark-to-market reversals on realized sales (a) (b) | (1 | ) | (1 | ) | (1 | ) | (6 | ) | (14 | ) | 2 | ||||||||||||||
| 55 | Change in mark-to-market value of forward sales | 1 | — | (3 | ) | (3 | ) | — | (20 | ) | ||||||||||||||||
| 56 | Total gross margin | $ | 10 | $ | 16 | $ | 3 | $ | 8 | $ | 40 | $ | (19 | ) | ||||||||||||
By Pinnacle West Entity | ||||||||||||||||||||||||||
| 57 | APS | $ | 8 | $ | 2 | $ | (3 | ) | $ | 5 | $ | 14 | $ | 20 | ||||||||||||
| 58 | Pinnacle West | (1 | ) | 11 | 4 | 2 | 17 | (42 | ) | |||||||||||||||||
| 59 | APS Energy Services | 3 | 3 | 2 | 1 | 9 | 8 | |||||||||||||||||||
| 60 | Pinnacle West Energy | — | — | — | — | — | (5 | ) | ||||||||||||||||||
| 61 | Total gross margin | $ | 10 | $ | 16 | $ | 3 | $ | 8 | $ | 40 | $ | (19 | ) | ||||||||||||
Future Marketing and Trading Mark-to-Market Realization
As of December 31, 2006, Pinnacle West had accumulated net mark-to-market gains of $30 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: 2007, $16 million; and 2008, $14 million.
| (a) | Net effect on pretax gross margin from realization of prior-period mark-to-market included in line 53 and in line 54 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 53 are included in line 54. For example, line 54 shows that a prior-period mark-to-market gain of $14 million was transferred to “realized” for the total year 2006. A $14 million realized gain is included in the $54 million on line 53 for the total year 2006. | |
| (b) | Quarterly amounts do not total to annual amounts because of intra-year mark-to-market eliminations. |
| See Glossary of Terms. | Page 22 of 31 |
Last Updated 11/4/2008
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2006
| Increase | ||||||||||||||||||||||||||
| (Decrease) | ||||||||||||||||||||||||||
| Line | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Year-To-Date | vs Prior YTD | ||||||||||||||||||||
AVERAGE ELECTRIC CUSTOMERS | ||||||||||||||||||||||||||
Retail customers | ||||||||||||||||||||||||||
| 62 | Residential | 930,799 | 930,402 | 935,523 | 949,132 | 936,464 | 39,992 | |||||||||||||||||||
| 63 | Business | 113,570 | 114,803 | 116,009 | 117,342 | 115,431 | 4,263 | |||||||||||||||||||
| 64 | Total | 1,044,369 | 1,045,205 | 1,051,532 | 1,066,474 | 1,051,895 | 44,255 | |||||||||||||||||||
| 65 | Wholesale customers | 75 | 76 | 76 | 80 | 77 | (1 | ) | ||||||||||||||||||
| 66 | Total customers | 1,044,444 | 1,045,281 | 1,051,608 | 1,066,554 | 1,051,972 | 44,254 | |||||||||||||||||||
| 67 | Customer growth (% over prior year) | 4.5 | % | 4.6 | % | 4.4 | % | 4.1 | % | 4.4 | % | 0.1 | % | |||||||||||||
RETAIL SALES (GWH) - WEATHER NORMALIZED | ||||||||||||||||||||||||||
| 68 | Residential | 2,471 | 3,129 | 4,779 | 2,633 | 13,012 | 690 | |||||||||||||||||||
| 69 | Business | 3,247 | 3,932 | 4,230 | 3,604 | 15,013 | 730 | |||||||||||||||||||
| 70 | Total | 5,718 | 7,061 | 9,009 | 6,237 | 28,025 | 1,420 | |||||||||||||||||||
RETAIL USAGE (KWh/Average Customer) | ||||||||||||||||||||||||||
| 71 | Residential | 2,763 | 3,530 | 5,045 | 2,709 | 13,876 | 241 | |||||||||||||||||||
| 72 | Business | 30,444 | 34,590 | 36,394 | 30,552 | 129,749 | 1,235 | |||||||||||||||||||
RETAIL USAGE - WEATHER NORMALIZED (KWh/Average Customer) | ||||||||||||||||||||||||||
| 73 | Residential | 2,655 | 3,363 | 5,108 | 2,774 | 13,894 | 149 | |||||||||||||||||||
| 74 | Business | 28,589 | 34,252 | 36,463 | 30,716 | 130,064 | 1,579 | |||||||||||||||||||
ELECTRICITY DEMAND (MW) | ||||||||||||||||||||||||||
| 75 | Native load peak demand | 3,954 | 6,306 | 7,220 | 5,022 | 7,220 | 647 | |||||||||||||||||||
| See Glossary of Terms. | Page 23 of 31 |
Last Updated 11/4/2008
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2006
| Increase | ||||||||||||||||||||||||||
| (Decrease) | ||||||||||||||||||||||||||
| Line | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Year-To-Date | vs Prior YTD | ||||||||||||||||||||
ENERGY SOURCES (GWH) | ||||||||||||||||||||||||||
Generation production | ||||||||||||||||||||||||||
| 76 | Nuclear | 1,720 | 1,198 | 2,202 | 1,868 | 6,988 | (521 | ) | ||||||||||||||||||
| 77 | Coal | 3,083 | 3,182 | 3,574 | 3,337 | 13,176 | 116 | |||||||||||||||||||
| 78 | Gas, oil and other | 1,323 | 2,000 | 2,433 | 1,628 | 7,384 | (1,051 | ) | ||||||||||||||||||
| 79 | Total generation production | 6,126 | 6,380 | 8,209 | 6,833 | 27,548 | (1,456 | ) | ||||||||||||||||||
Purchased power | ||||||||||||||||||||||||||
| 80 | Firm load | 365 | 1,740 | 1,962 | 223 | 4,290 | 816 | |||||||||||||||||||
| 81 | Marketing and trading | 4,592 | 4,597 | 5,353 | 4,326 | 18,868 | (6,845 | ) | ||||||||||||||||||
| 82 | Total purchased power | 4,957 | 6,337 | 7,315 | 4,549 | 23,158 | (6,029 | ) | ||||||||||||||||||
| 83 | Total energy sources | 11,083 | 12,717 | 15,524 | 11,382 | 50,706 | (7,485 | ) | ||||||||||||||||||
POWER PLANT PERFORMANCE | ||||||||||||||||||||||||||
Capacity Factors | ||||||||||||||||||||||||||
| 84 | Nuclear | 71 | % | 49 | % | 88 | % | 75 | % | 71 | % | (6 | )% | |||||||||||||
| 85 | Coal | 83 | % | 84 | % | 94 | % | 87 | % | 87 | % | 0 | % | |||||||||||||
| 86 | Gas, oil and other | 18 | % | 28 | % | 34 | % | 22 | % | 25 | % | (3 | )% | |||||||||||||
| 87 | System average | 46 | % | 48 | % | 61 | % | 50 | % | 51 | % | (2 | )% | |||||||||||||
Generation Capacity Out of Service and Replaced for Native Load (average MW/day) (a) | ||||||||||||||||||||||||||
| 88 | Nuclear | 306 | 553 | 97 | 267 | 153 | 39 | |||||||||||||||||||
| 89 | Coal | 257 | 184 | 62 | 155 | 82 | 9 | |||||||||||||||||||
| 90 | Gas | 201 | 117 | 109 | 286 | 89 | (4 | ) | ||||||||||||||||||
| 91 | Total | 764 | 854 | 268 | 708 | 324 | 44 | |||||||||||||||||||
| (a) | Includes planned and unplanned outages |
| See Glossary of Terms. | Page 24 of 31 |
Last Updated 11/4/2008
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2006
| 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 | ||||||||||||||||||||||||||
| 92 | Palo Verde | $ | 53.78 | $ | 54.63 | $ | 65.89 | $ | 52.72 | $ | 56.76 | $ | (9.64 | ) | ||||||||||||
| 93 | SP15 | $ | 58.34 | $ | 55.39 | $ | 71.89 | $ | 62.16 | $ | 61.95 | $ | (10.99 | ) | ||||||||||||
Off-Peak | ||||||||||||||||||||||||||
| 94 | Palo Verde | $ | 41.92 | $ | 28.38 | $ | 38.45 | $ | 39.62 | $ | 37.09 | $ | (10.46 | ) | ||||||||||||
| 95 | SP15 | $ | 44.79 | $ | 27.43 | $ | 43.94 | $ | 46.27 | $ | 40.61 | $ | (11.45 | ) | ||||||||||||
WEATHER INDICATORS | ||||||||||||||||||||||||||
Actual | ||||||||||||||||||||||||||
| 96 | Cooling degree-days | 43 | 1,740 | 2,455 | 457 | 4,695 | 32 | |||||||||||||||||||
| 97 | Heating degree-days | 464 | 4 | — | 383 | 851 | 85 | |||||||||||||||||||
| 98 | Average humidity | 28 | % | 18 | % | 33 | % | 33 | % | 28 | % | (6 | )% | |||||||||||||
10-Year Averages | ||||||||||||||||||||||||||
| 99 | Cooling degree-days | 96 | 1,554 | 2,544 | 441 | 4,635 | — | |||||||||||||||||||
| 100 | Heating degree-days | 517 | 28 | — | 394 | 939 | — | |||||||||||||||||||
| 101 | Average humidity | 42 | % | 22 | % | 32 | % | 38 | % | 33 | % | 0 | % | |||||||||||||
ECONOMIC INDICATORS | ||||||||||||||||||||||||||
Building Permits — Metro Phoenix (b) | ||||||||||||||||||||||||||
| 102 | Single-family | 8,716 | 8,883 | 5,969 | 4,408 | 27,976 | (15,282 | ) | ||||||||||||||||||
| 103 | Multi-family | 2,887 | 2,976 | 3,215 | 1,029 | 10,107 | 2,329 | |||||||||||||||||||
| 104 | Total | 11,603 | 11,859 | 9,184 | 5,437 | 38,083 | (12,953 | ) | ||||||||||||||||||
Arizona Job Growth (c) | ||||||||||||||||||||||||||
| 105 | Payroll job growth (% over prior year) | 6.2 | % | 5.3 | % | 5.1 | % | 4.9 | % | 5.4 | % | 0.0 | % | |||||||||||||
| 106 | Unemployment rate (%, seasonally adjusted) | 4.2 | % | 4.1 | % | 4.0 | % | 4.1 | % | 4.1 | % | (0.5 | )% | |||||||||||||
| Sources: | ||
| (a) | 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 25 of 31 |