Pinnacle West Capital (PNW) 8-K Results of Operations and Financial Condition

Exhibit 99.2

Last updated 11/2/12

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary

Periods Ended September 30, 2012 and 2011

		3 Months Ended September 30,									9 Months Ended September 30,
Line		2012			2011			Incr (Decr)			2012			2011			Incr (Decr)
	EARNINGS CONTRIBUTION BY SUBSIDIARY (Dollars in Millions)
1	Arizona Public Service	$	256		$	254		$	2		$	392		$	342		$	50
2	El Dorado	(2		)	—			(2		)	(2		)				(2		)
3	Parent Company	(1		)	(1		)	—			(6		)	(6		)	—
4	Income From Continuing Operations	253			253			—			384			336			48
	Income (Loss) From Discontinued Operations - Net of Tax
5	SunCor	—			(2		)	2			(1		)	(2		)	1
6	Other	—			11			(11		)	—			13			(13		)
7	Total	—			9			(9		)	(1		)	11			(12		)
8	Net Income	253			262			(9		)	383			347			36
9	Less: Net Income Attributable to Noncontrolling Interests	8			7			1			24			20			4
10	Net Income Attributable to Common Shareholders	$	245		$	255		$	(10	)	$	359		$	327		$	32
	EARNINGS PER SHARE BY SUBSIDIARY - DILUTED
11	Arizona Public Service	$	2.31		$	2.31		$	—		$	3.55		$	3.12		$	0.43
12	El Dorado	(0.02		)	—			(0.02		)	(0.02		)	—			(0.02		)
13	Parent Company	(0.01		)	—			(0.01		)	(0.06		)	(0.06		)	—
14	Income From Continuing Operations	2.28			2.31			(0.03		)	3.47			3.06			0.41
	Income (Loss) From Discontinued Operations - Net of Tax
15	SunCor	—			(0.02		)	0.02			(0.01		)	(0.02		)	0.01
16	Other	—			0.10			(0.10		)	—			0.12			(0.12		)
17	Total	—			0.08			(0.08		)	(0.01		)	0.10			(0.11		)
18	Net Income	2.28			2.39			(0.11		)	3.46			3.16			0.30
19	Less: Net Income Attributable to Noncontrolling Interests	0.07			0.07			—			0.21			0.18			0.03
20	Net Income Attributable to Common Shareholders	$	2.21		$	2.32		$	(0.11	)	$	3.25		$	2.98		$	0.27
21	BOOK VALUE PER SHARE	$	37.01		$	35.67		$	1.34		$	37.01		$	35.67		$	1.34
	COMMON SHARES OUTSTANDING (Thousands)
22	Average - Diluted	110,655			109,861			794			110,420			109,683			737
23	End of Period	109,589			109,171			418			109,589			109,171			418

See Glossary of Terms.

Page 1 of 4

Last updated 11/2/12

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary

Periods Ended September 30, 2012 and 2011

		3 Months Ended September 30,							9 Months Ended September 30,
Line		2012		2011		Incr (Decr)			2012		2011		Incr (Decr)
	ELECTRIC OPERATING REVENUES (Dollars in Millions)
	REGULATED ELECTRICITY SEGMENT
	Retail
24	Residential	$	606	$	622	$	(16	)	$	1,296	$	1,255	$	41
25	Business	436		440		(4		)	1,129		1,119		10
26	Total retail	1,042		1,062		(20		)	2,425		2,374		51
	Wholesale revenue on delivered electricity
27	Traditional contracts	17		24		(7		)	51		55		(4		)
28	Off-system sales	27		14		13			64		47		17
29	Transmission for others	10		8		2			23		24		(1		)
30	Other miscellaneous services	9		16		(7		)	40		71		(31		)
31	Total regulated operating electricity revenues	1,105		1,124		(19		)	2,603		2,571		32
	MARKETING AND TRADING
32	Electricity and other commodity sales	—		—		—			—		—		—
33	Total operating electric revenues	$	1,105	$	1,124	$	(19	)	$	2,603	$	2,571	$	32
	ELECTRIC SALES (GWH)
	REGULATED ELECTRICITY SEGMENT
	Retail sales
34	Residential	4,819		5,072		(253		)	10,705		10,692		13
35	Business	4,245		4,360		(115		)	11,357		11,380		(23		)
36	Total retail	9,064		9,432		(368		)	22,062		22,072		(10		)
	Wholesale electricity delivered
37	Traditional contracts	161		361		(200		)	658		774		(116		)
38	Off-system sales	911		550		361			2,429		1,886		543
39	Retail load hedge management	140		53		87			220		122		98
40	Total regulated electricity	10,276		10,396		(120		)	25,369		24,853		516
	MARKETING AND TRADING
41	Wholesale sales of electricity	—		—		—			—		—		—
42	Total electric sales	10,276		10,396		(120		)	25,369		24,853		516

See Glossary of Terms.

Page 2 of 4

Last updated 11/2/12

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary

Periods Ended September 30, 2012 and 2011

		3 Months Ended September 30,						9 Months Ended September 30,
Line		2012		2011		Incr (Decr)		2012		2011		Incr (Decr)
	AVERAGE ELECTRIC CUSTOMERS
	Retail customers
43	Residential	1,000,860		989,036		11,824		1,003,255		993,777		9,478
44	Business	127,359		126,118		1,241		127,066		125,823		1,243
45	Total	1,128,219		1,115,154		13,065		1,130,321		1,119,600		10,721
46	Wholesale customers	51		45		6		49		46		3
47	Total customers	1,128,270		1,115,199		13,071		1,130,370		1,119,646		10,724
48	Customer growth (% over prior year)	1.2	%	0.4	%	0.8	%	1.0	%	0.4	%	0.6	%
	RETAIL SALES (GWH) - WEATHER NORMALIZED
49	Residential	4,886		4,849		37		10,702		10,707		(5	)
50	Business	4,305		4,326		(21	)	11,386		11,425		(39	)
51	Total	9,191		9,175		16		22,088		22,132		(44	)
	RETAIL USAGE (KWh/Average Customer)
52	Residential	4,815		5,128		(313	)	10,670		10,759		(89	)
53	Business	33,330		34,570		(1,240	)	89,375		90,442		(1,067	)
	RETAIL USAGE - WEATHER NORMALIZED (KWh/Average Customer)
54	Residential	4,881		4,902		(21	)	10,667		10,775		(108	)
55	Business	33,806		34,304		(498	)	89,611		90,800		(1,189	)
	ELECTRICITY DEMAND (MW)
56	Native load peak demand	7,212		7,087		125		7,212		7,087		125
	WEATHER INDICATORS - RESIDENTIAL
	Actual
57	Cooling degree-days	1,170		1,383		(213	)	1,738		1,758		(20	)
58	Heating degree-days	—		—		—		426		614		(188	)
59	Average humidity	34	%	27	%	7	%	26	%	21	%	5	%
	10-Year Averages
60	Cooling degree-days	1,234		1,234		—		1,733		1,733		—
61	Heating degree-days	—		—		—		513		513		—
62	Average humidity	29	%	29	%	—		24	%	24	%	—

See Glossary of Terms.

Page 3 of 4

Last updated 11/2/12

Pinnacle West Capital Corporation

Quarterly Consolidated Statistical Summary

Periods Ended September 30, 2012 and 2011

		3 Months Ended September 30,						9 Months Ended September 30,
Line		2012		2011		Incr (Decr)		2012		2011		Incr (Decr)
	ENERGY SOURCES (GWH)
	Generation production
63	Nuclear	2,482		2,435		47		7,178		7,061		117
64	Coal	2,990		3,382		(392	)	7,938		9,319		(1,381	)
65	Gas, oil and other	2,490		1,991		499		5,914		4,030		1,884
66	Total generation production	7,962		7,808		154		21,030		20,410		620
	Purchased power
67	Firm load	2,662		2,867		(205	)	5,519		4,497		1,022
68	Marketing and trading	74		269		(195	)	244		1,697		(1,453	)
69	Total purchased power	2,736		3,136		(400	)	5,763		6,194		(431	)
70	Total energy sources	10,698		11,082		(246	)	26,793		26,604		189
	POWER PLANT PERFORMANCE
	Capacity Factors
71	Nuclear	98	%	96	%	2	%	95	%	94	%	1	%
72	Coal	77	%	88	%	(11	)%	69	%	81	%	(12	)%
73	Gas, oil and other	33	%	26	%	7	%	26	%	18	%	8	%
74	System average	57	%	54	%	3	%	50	%	50	%	—
	ECONOMIC INDICATORS
	Building Permits (a)
75	Metro Phoenix	3,678		3,065		613		9,921		6,569		3,352
	Arizona Job Growth (b)
76	Payroll job growth (% over prior year)	2.3	%	1.4	%	0.9	%	2.0	%	0.9	%	1.1	%
77	Unemployment rate (%, seasonally adjusted)	8.3	%	9.5	%	(1.2	)%	8.4	%	9.6	%	(1.2	)%

Sources:

(a)    RL Brown Housing Reports — Builder’s Research Institute, LLC  Home Builder’s Marketing, Inc.

(b)    Arizona Department of Economic Security

See Glossary of Terms.

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