Exhibit 99.6
Last Updated 4/23/2002
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
1999
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR
--------- --------- --------- --------- ----------
EARNINGS CONTRIBUTION BY SUBSIDIARY ($ MILLIONS)
1 Arizona Public Service $ 33 $ 70 $ 130 $ 34 $ 267
2 Pinnacle West Energy -- -- -- -- --
3 APS Energy Services (2) (2) (2) (3) (9)
4 SunCor 1 3 -- 2 6
5 El Dorado -- -- -- 11 11
6 Parent Company (1) (2) (2) -- (5)
--------- --------- --------- --------- ---------
7 Income From Continuing Operations 31 69 126 44 270
8a Income Tax Benefit From Discontinued Operations -- -- 38 -- 38
8b Extraordinary Charge-- Net of Income Tax -- -- (140) -- (140)
--------- --------- --------- --------- ---------
9 Net Income $ 31 $ 69 $ 24 $ 44 $ 168
========= ========= ========= ========= =========
EARNINGS PER SHARE BY SUBSIDIARY - DILUTED
10 Arizona Public Service $ 0.38 $ 0.82 $ 1.52 $ 0.42 $ 3.14
11 Pinnacle West Energy -- -- -- -- --
12 APS Energy Services (0.02) (0.02) (0.02) (0.05) (0.11)
13 SunCor 0.01 0.03 (0.01) 0.03 0.07
14 El Dorado -- -- -- 0.13 0.14
15 Parent Company (0.01) (0.02) (0.01) -- (0.07)
--------- --------- --------- --------- ---------
16 Income From Continuing Operations 0.36 0.81 1.48 0.53 3.17
17a Income Tax Benefit From Discontinued Operations -- -- 0.45 -- 0.45
17b Extraordinary Charge-- Net of Income Tax -- -- (1.65) -- (1.65)
--------- --------- --------- --------- ---------
18 Net Income $ 0.36 $ 0.81 $ 0.28 $ 0.53 $ 1.97
========= ========= ========= ========= =========
19 BOOK VALUE PER SHARE $ 25.49 $ 25.58 $ 25.84 $ 26.00 $ 26.00
COMMON SHARES OUTSTANDING - DILUTED (THOUSANDS)
20 Average 85,176 85,093 84,989 84,894 85,009
21 End of Period 84,645 84,771 84,735 84,750 84,750
See Glossary of Terms.
Last Updated 4/23/2002
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
1999
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR
--------- --------- --------- --------- ----------
ELECTRIC OPERATING REVENUES
(DOLLARS IN MILLIONS)
Retail
22 Residential $ 157 $ 189 $ 295 $ 164 $ 805
23 Business 190 237 269 216 912
--------- --------- --------- --------- ---------
24 Total retail 347 426 564 380 1,717
--------- --------- --------- --------- ---------
Wholesale revenue on delivered electricity
25 Traditional contracts 11 16 21 13 61
26 Retail load hedge management -- -- 108 -- 108
Marketing and trading--- delivered
27 Generation sales other than native load 7 6 6 11 30
28 Other delivered electricity (a) 44 51 163 87 345
--------- --------- --------- --------- ---------
29 Total delivered marketing and trading 51 57 169 98 375
--------- --------- --------- --------- ---------
30 Total delivered wholesale electricity 62 73 298 111 544
--------- --------- --------- --------- ---------
Other marketing and trading
Realized margins on delivered commodities
31 other than electricity (a) (1) -- (2) 5 2
Prior period mark-to-market (gains) losses on
32 contracts delivered during current period (a) -- -- -- -- --
Change in mark-to-market for
33 future-period deliveries -- 6 (1) (4) 1
--------- --------- --------- --------- ---------
34 Total other marketing and trading (1) 6 (3) 1 3
--------- --------- --------- --------- ---------
35 Transmission for others 3 3 3 3 11
36 Other miscellaneous services 3 4 6 5 18
--------- --------- --------- --------- ---------
37 Total electric operating revenues $ 414 $ 512 $ 868 $ 500 $ 2,293
========= ========= ========= ========= =========
ELECTRIC SALES (GWH)
Retail sales
38 Residential 1,796 1,939 3,160 1,880 8,775
39 Business 2,665 3,239 3,464 2,932 12,300
--------- --------- --------- --------- ---------
40 Total retail 4,461 5,178 6,624 4,812 21,075
--------- --------- --------- --------- ---------
Wholesale electricity delivered
41 Traditional contracts 309 351 441 321 1,422
42 Retail load hedge management -- -- 631 -- 631
Marketing and trading -- delivered
43 Generation sales other than native load 348 254 171 494 1,267
44 Other delivered electricity 2,188 2,390 5,102 2,693 12,373
--------- --------- --------- --------- ---------
45 Total delivered marketing and trading 2,536 2,644 5,273 3,187 13,640
--------- --------- --------- --------- ---------
46 Total delivered wholesale electricity 2,845 2,995 6,345 3,508 15,693
--------- --------- --------- --------- ---------
47 Total electric sales 7,306 8,173 12,969 8,320 36,768
========= ========= ========= ========= =========
----------
(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 $0 million was transferred to "realized" for the
total year 1999. Lines 28 and 31 include amounts totaling $0 million of
realized revenues for the year 1999.
See Glossary of Terms.
Last Updated 4/23/2002
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
1999
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 $ 1 $ 2 $ 2 $ 7
49 Other electricity marketing and trading (a) 6 (2) 3 -- 7
--------- --------- --------- --------- ---------
50 Total electricity 8 (1) 5 2 14
51 Other commodities (a) (1) -- (2) 6 3
--------- --------- --------- --------- ---------
52 Total realized margin 7 (1) 3 8 17
--------- --------- --------- --------- ---------
Prior-period mark-to-market (gains) losses on contracts
delivered during current period (a)
53 Electricity -- -- -- -- --
54 Other commodities -- -- -- -- --
Charge related to trading activities with Enron
55 and its affiliates -- -- -- -- --
--------- --------- --------- --------- ---------
56 Subtotal -- -- -- -- --
--------- --------- --------- --------- ---------
57 Total current period effects 7 (1) 3 8 17
--------- --------- --------- --------- ---------
Change in mark-to-market gains (losses) for
future period deliveries
58 Electricity (1) 4 (1) -- 2
59 Other commodities 1 2 -- (4) (1)
--------- --------- --------- --------- ---------
60 Total future period effects -- 6 (1) (4) 1
--------- --------- --------- --------- ---------
61 Total gross margin $ 7 $ 5 $ 2 $ 4 $ 18
========= ========= ========= ========= =========
BY COMMODITY SOLD OR TRADED
62 Electricity $ 7 $ 3 $ 4 $ 2 $ 16
63 Natural gas (1) -- -- 1 --
64 Coal -- -- -- -- --
65 Emission allowances 1 2 (2) 1 2
66 Other -- -- -- -- --
--------- --------- --------- --------- ---------
67 Total gross margin $ 7 $ 5 $ 2 $ 4 $ 18
========= ========= ========= ========= =========
----------
(a) 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
1999
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR
--------- --------- --------- --------- ----------
AVERAGE ELECTRIC CUSTOMERS
Retail customers
68 Residential 717,540 713,259 717,204 731,092 719,774
69 Business 89,046 89,949 91,076 91,914 90,496
--------- --------- --------- --------- ---------
70 Total 806,586 803,208 808,280 823,006 810,270
71 Wholesale customers 67 67 71 73 70
--------- --------- --------- --------- ---------
72 Total customers 806,653 803,275 808,351 823,079 810,340
========= ========= ========= ========= =========
73 Customer Growth (% over prior year) 4.2% 4.3% 4.2% 4.0% 4.2%
RETAIL ELECTRIC SALES (GWH) - WEATHER NORMALIZED
74 Residential 1,859 1,952 3,124 1,916 8,851
75 Business 2,669 3,264 3,448 2,886 12,267
--------- --------- --------- --------- ---------
76 Total 4,528 5,216 6,572 4,802 21,118
========= ========= ========= ========= =========
RETAIL ELECTRICITY USAGE
(KWH/AVERAGE CUSTOMER)
77 Residential 2,503 2,719 4,406 2,571 12,191
78 Business 29,928 36,009 38,034 31,899 135,918
RETAIL ELECTRICITY USAGE - WEATHER NORMALIZED
(KWH/AVERAGE CUSTOMER)
79 Residential 2,591 2,737 4,356 2,621 12,297
80 Business 29,973 36,287 37,858 31,399 135,553
ELECTRICITY DEMAND (MW)
81 System peak demand 3,343 4,885 4,935 3,881 4,935
See Glossary of Terms.
Last Updated 4/23/2002
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
1999
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR
--------- --------- --------- --------- ----------
ENERGY SOURCES (GWH)
Generation production
82 Nuclear 2,295 2,080 2,397 2,077 8,849
83 Coal 2,677 2,764 3,230 3,204 11,875
84 Gas, oil and other 241 477 557 484 1,759
--------- --------- --------- --------- ---------
85 Total 5,213 5,321 6,184 5,765 22,483
--------- --------- --------- --------- ---------
Purchased power
86 Firm load 170 753 1,470 87 2,480
87 Marketing and trading 2,189 2,390 5,734 2,693 13,006
--------- --------- --------- --------- ---------
88 Total 2,359 3,143 7,204 2,780 15,486
--------- --------- --------- --------- ---------
89 Total energy sources 7,572 8,464 13,388 8,545 37,969
========= ========= ========= ========= =========
POWER PLANT PERFORMANCE
Capacity Factors
90 Nuclear 98% 88% 100% 87% 93%
91 Coal 72% 74% 85% 85% 79%
92 Gas, oil and other 9% 18% 21% 18% 17%
93 System average 61% 61% 71% 66% 65%
Generation Capacity Out of Service (average MW/day)
94 Nuclear 36 135 3 152 82
95 Coal 337 368 177 172 264
96 Gas -- -- -- -- --
97 Total 373 503 180 324 345
98 Generation Fuel Cost ($/MWh) $ 10.00 $ 10.96 $ 11.02 $ 11.33 $ 10.85
See Glossary of Terms.
Last Updated 4/23/2002
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
1999
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 $ 21.57 $ 29.02 $ 38.46 $ 33.31 $ 30.59
100 SP15 $ 21.26 $ 27.17 $ 35.01 $ 33.84 $ 29.32
Off-Peak
101 Palo Verde $ 13.94 $ 15.33 $ 20.73 $ 22.26 $ 18.07
102 SP15 $ 13.68 $ 14.47 $ 20.60 $ 25.06 $ 18.45
WEATHER INDICATORS
Actual
103 Cooling degree-days 71 1,312 2,353 589 4,325
104 Heating degree-days 459 112 -- 359 930
105 Average humidity 34% 27% 40% 28% 32%
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 8,873 9,299 8,223 6,855 33,250
110 Multi-family 2,337 2,396 1,861 3,011 9,605
--------- --------- --------- --------- ---------
111 Total 11,210 11,695 10,084 9,866 42,855
========= ========= ========= ========= =========
Arizona Job Growth (c)
112 Payroll job growth (% over prior year) 3.9% 4.4% 4.6% 4.2% 4.3%
113 Unemployment rate (%, seasonally adjusted) 4.4% 4.4% 4.3% 4.3% 4.4%
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 College of Business
(c) Arizona Department of Economic Security
See Glossary of Terms.