Exhibit 99.5
Last Updated 4/23/2002
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2000
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR
--------- --------- --------- --------- ----------
EARNINGS CONTRIBUTION BY SUBSIDIARY ($ MILLIONS)
1 Arizona Public Service $ 33 $ 96 $ 124 $ 54 $ 307
2 Pinnacle West Energy -- (1) -- (1) (2)
3 APS Energy Services (2) (2) -- (9) (13)
4 SunCor 5 1 2 3 11
5 El Dorado 19 (3) (9) (5) 2
6 Parent Company (1) (1) (1) -- (3)
--------- --------- --------- --------- ---------
7 Income Before Accounting Change 54 90 116 42 302
Cumulative Effect of Change in Accounting -
8 Net of Tax -- -- -- -- --
--------- --------- --------- --------- ---------
9 Net Income $ 54 $ 90 $ 116 $ 42 $ 302
========= ========= ========= ========= =========
EARNINGS PER SHARE BY SUBSIDIARY - DILUTED
10 Arizona Public Service $ 0.39 $ 1.13 $ 1.46 $ 0.63 $ 3.61
11 Pinnacle West Energy -- (0.01) (0.01) (0.01) (0.03)
12 APS Energy Services (0.02) (0.03) -- (0.11) (0.16)
13 SunCor 0.06 0.01 0.03 0.04 0.14
14 El Dorado 0.22 (0.04) (0.10) (0.06) 0.02
15 Parent Company (0.01) -- (0.01) -- (0.02)
--------- --------- --------- --------- ---------
16 Income Before Accounting Change 0.64 1.06 1.37 0.49 3.56
Cumulative Effect of Change in Accounting -
17 Net of Tax -- -- -- -- --
--------- --------- --------- --------- ---------
18 Net Income $ 0.64 $ 1.06 $ 1.37 $ 0.49 $ 3.56
========= ========= ========= ========= =========
19 BOOK VALUE PER SHARE $ 26.29 $ 27.00 $ 28.01 $ 28.09 $ 28.09
COMMON SHARES OUTSTANDING - DILUTED (THOUSANDS)
20 Average 84,834 84,891 85,012 85,015 84,935
21 End of Period 84,723 84,727 84,779 84,715 84,715
See Glossary of Terms.
Last Updated 4/23/2002
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2000
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR
--------- --------- --------- --------- ----------
ELECTRIC OPERATING REVENUES
(DOLLARS IN MILLIONS)
Retail
22 Residential $ 157 $ 228 $ 324 $ 172 $ 881
23 Business 196 253 275 211 935
--------- --------- --------- --------- ---------
24 Total retail 353 481 599 383 1,816
--------- --------- --------- --------- ---------
Wholesale revenue on delivered electricity
25 Traditional contracts 12 18 75 16 121
26 Retail load hedge management 7 36 471 46 560
Marketing and trading -- delivered
27 Generation sales other than native load 9 13 14 80 116
28 Other delivered electricity (a) 56 134 408 276 874
--------- --------- --------- --------- ---------
29 Total delivered marketing and trading 65 147 422 356 990
--------- --------- --------- --------- ---------
30 Total delivered wholesale electricity 84 201 968 418 1,671
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Other marketing and trading
Realized margins on delivered commodities
31 other than electricity (a) (5) 1 (4) (1) (9)
Prior period mark-to-market (gains) losses on
32 contracts delivered during current period (a) -- -- (17) (2) (2)
Change in mark-to-market for
33 future-period deliveries 7 25 10 (11) 14
--------- --------- --------- --------- ---------
34 Total other marketing and trading 2 26 (11) (14) 3
--------- --------- --------- --------- ---------
35 Transmission for others 3 4 4 4 15
36 Other miscellaneous services 4 8 8 7 27
--------- --------- --------- --------- ---------
37 Total electric operating revenues $ 446 $ 720 $ 1,568 $ 798 $ 3,532
========= ========= ========= ========= =========
ELECTRIC SALES (GWH)
Retail sales
38 Residential 1,877 2,370 3,506 2,028 9,781
39 Business 2,736 3,379 3,674 2,965 12,754
--------- --------- --------- --------- ---------
40 Total retail 4,613 5,749 7,180 4,993 22,535
--------- --------- --------- --------- ---------
Wholesale electricity delivered
41 Traditional contracts 331 391 538 350 1,610
42 Retail load hedge management 232 585 5,155 702 6,674
Marketing and trading -- delivered
43 Generation sales other than native load 396 215 163 720 1,494
44 Other delivered electricity 2,029 2,404 4,737 3,049 12,219
--------- --------- --------- --------- ---------
45 Total delivered marketing and trading 2,425 2,619 4,900 3,769 13,713
--------- --------- --------- --------- ---------
46 Total delivered wholesale electricity 2,988 3,595 10,593 4,821 21,997
--------- --------- --------- --------- ---------
47 Total electric sales 7,601 9,344 17,773 9,814 44,532
========= ========= ========= ========= =========
----------
(a) The net effect on net electric operating revenues from realization of
prior-period mark-to-market included in line 37 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 32 are
included in lines 28 and 31. For example, line 32 shows that a prior-period
mark-to-market gain of $2 million was transferred to "realized" for the
total year 2000. Lines 28 and 31 include amounts totaling $2 million of
realized revenues for the year 2000.
See Glossary of Terms.
Last Updated 4/23/2002
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2000
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR
--------- --------- --------- --------- ----------
MARKETING AND TRADING PRETAX GROSS MARGIN ANALYSIS
(DOLLARS IN MILLIONS)
REALIZED AND MARK-TO-MARKET COMPONENTS
Current Period Effects
Realized margin on delivered commodities
Electricity
48 Generation sales other than native load $ 2 $ 6 $ 7 $ 39 $ 54
49 Other electricity marketing and trading (a) 3 28 33 5 69
--------- --------- --------- --------- ---------
50 Total electricity 5 34 40 44 123
51 Other commodities (a) (5) 1 (4) (1) (9)
--------- --------- --------- --------- ---------
52 Total realized margin -- 35 36 43 114
--------- --------- --------- --------- ---------
Prior-period mark-to-market (gains) losses on contracts
delivered during current period (b)
53 Electricity (a) -- -- (18) (2) (2)
54 Other commodities (a) -- -- 1 -- --
Charge related to trading activities with Enron
55 and its affiliates -- -- -- -- --
--------- --------- --------- --------- ---------
56 Subtotal -- -- (17) (2) (2)
--------- --------- --------- --------- ---------
57 Total current period effects (b) -- 35 19 41 112
--------- --------- --------- --------- ---------
Change in mark-to-market gains (losses) for
future period deliveries (b)
58 Electricity 2 27 6 (10) 7
59 Other commodities 5 (2) 4 (1) 7
--------- --------- --------- --------- ---------
60 Total future period effects 7 25 10 (11) 14
--------- --------- --------- --------- ---------
61 Total gross margin $ 7 $ 60 $ 29 $ 30 $ 126
========= ========= ========= ========= =========
BY COMMODITY SOLD OR TRADED
62 Electricity 7 61 28 32 128
63 Natural gas -- (1) 3 3 5
64 Coal -- -- (2) -- (2)
65 Emission allowances -- -- -- (5) (5)
66 Other -- -- -- -- --
--------- --------- --------- --------- ---------
67 Total gross margin $ 7 $ 60 $ 29 $ 30 $ 126
========= ========= ========= ========= =========
----------
(a) The net effect on pretax gross margin from realization of prior-period
mark-to-market included in line 57 and in line 61 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 49. The opposites of amounts included in line 54 are
included in line 51. For example, line 53 shows that a prior-period
mark-to-market gain of $2 million was transferred to "realized" for the
total year 2000. A $2 million realized gain is included in the $69 million
on line 49 for the total year 2000.
(b) Quarterly amounts do not total to the annual amounts because of intra-year
mark-to-market eliminations.
See Glossary of Terms.
Last Updated 4/23/2002
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2000
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR
--------- --------- --------- --------- ----------
AVERAGE ELECTRIC CUSTOMERS
Retail customers
68 Residential 746,528 742,485 746,742 761,386 749,285
69 Business 92,667 93,343 94,479 96,024 94,128
--------- --------- --------- --------- ---------
70 Total 839,195 835,828 841,221 857,410 843,413
71 Wholesale customers 67 67 67 67 67
--------- --------- --------- --------- ---------
72 Total customers 839,262 835,895 841,288 857,477 843,480
========= ========= ========= ========= =========
73 Customer Growth (% over prior year) 4.0% 4.1% 4.1% 4.2% 4.1%
RETAIL ELECTRIC SALES (GWH) - WEATHER NORMALIZED
74 Residential 1,933 2,218 3,393 1,926 9,470
75 Business 2,736 3,276 3,626 3,005 12,643
--------- --------- --------- --------- ---------
76 Total 4,669 5,494 7,019 4,931 22,113
========= ========= ========= ========= =========
RETAIL ELECTRICITY USAGE
(KWH/AVERAGE CUSTOMER)
77 Residential 2,514 3,192 4,695 2,664 13,054
78 Business 29,525 36,200 38,887 30,878 135,496
RETAIL ELECTRICITY USAGE - WEATHER NORMALIZED
(KWH/AVERAGE CUSTOMER)
79 Residential 2,589 2,987 4,544 2,530 12,639
80 Business 29,525 35,096 38,379 31,294 134,317
ELECTRICITY DEMAND (MW)
81 System peak demand 3,315 5,095 5,478 4,331 5,478
See Glossary of Terms.
Last Updated 4/23/2002
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2000
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR
--------- --------- --------- --------- ----------
ENERGY SOURCES (GWH)
Generation production
82 Nuclear 2,325 2,090 2,348 2,078 8,841
83 Coal 2,828 3,163 3,343 3,175 12,509
84 Gas, oil and other 323 526 1,046 889 2,784
--------- --------- --------- --------- ---------
85 Total 5,476 5,779 6,737 6,142 24,134
--------- --------- --------- --------- ---------
Purchased power
86 Firm load 51 819 1,550 95 2,515
87 Marketing and trading 2,261 2,989 9,893 3,750 18,893
--------- --------- --------- --------- ---------
88 Total 2,312 3,808 11,443 3,845 21,408
--------- --------- --------- --------- ---------
89 Total energy sources 7,788 9,587 18,180 9,987 45,542
========= ========= ========= ========= =========
POWER PLANT PERFORMANCE
Capacity Factors
90 Nuclear 98% 88% 98% 87% 93%
91 Coal 76% 85% 88% 84% 83%
92 Gas, oil and other 13% 21% 40% 34% 27%
93 System average 63% 67% 77% 70% 69%
Generation Capacity Out of Service (average MW/day)
94 Nuclear 27 129 21 143 80
95 Coal 223 124 85 187 155
96 Gas 8 43 16 20 22
97 Total 258 296 122 350 257
98 Generation Fuel Cost ($/MWh) $ 10.65 $ 12.69 $ 14.77 $ 16.28 $ 13.72
See Glossary of Terms.
Last Updated 4/23/2002
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2000
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR
--------- --------- --------- --------- ----------
ENERGY MARKET INDICATORS (a)
Electricity Average Daily Spot Prices ($/MWh)
On-Peak
99 Palo Verde $ 30.52 $ 90.49 $ 170.40 $ 154.33 $ 111.44
100 SP15 $ 31.40 $ 82.67 $ 152.74 $ 162.59 $ 107.35
Off-Peak
101 Palo Verde $ 22.97 $ 31.91 $ 61.48 $ 95.72 $ 53.02
102 SP15 $ 24.52 $ 32.45 $ 66.28 $ 119.72 $ 60.74
WEATHER INDICATORS
Actual
103 Cooling degree-days 71 1,712 2,547 253 4,583
104 Heating degree-days 459 9 -- 500 968
105 Average humidity 37% 23% 29% 46% 34%
10-Year Averages
106 Cooling degree-days 71 1,458 2,454 398 4,381
107 Heating degree-days 556 35 -- 435 1,026
108 Average humidity 45% 25% 34% 40% 36%
ECONOMIC INDICATORS
Building Permits -- Metro Phoenix (b)
109 Single-family 8,163 9,605 8,331 6,410 32,509
110 Multi-family 3,208 2,651 2,417 1,952 10,228
--------- --------- --------- --------- ---------
111 Total 11,371 12,256 10,748 8,362 42,737
========= ========= ========= ========= =========
Arizona Job Growth (c)
112 Payroll job growth (% over prior year) 4.4% 4.0% 3.9% 3.4% 3.9%
113 Unemployment rate (%, seasonally adjusted) 4.1% 3.9% 3.8% 3.7% 3.9%
Sources:
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(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 College of Business
(c) Arizona Department of Economic Security
See Glossary of Terms.