Exhibit 99.6
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 | ||||||||||||||||||||
| 8 | Cumulative Effect of Change in Accounting -
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 | ||||||||||||||||||||
| 17 | Cumulative Effect of Change in Accounting -
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. | Page 30 of 43 |
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2000
ELECTRIC OPERATING REVENUES
(Dollars in Millions)
| Line | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Total Year | ||||||||||||||||||||||
REGULATED ELECTRICITY SEGMENT |
|||||||||||||||||||||||||||
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 | 472 | 46 | 561 | |||||||||||||||||||||
| 27 | Transmission for others |
3 | 4 | 4 | 4 | 15 | |||||||||||||||||||||
| 28 | Other miscellaneous services |
4 | 8 | 8 | 7 | 27 | |||||||||||||||||||||
| 29 | Total regulated electricity |
379 | 547 | 1,158 | 456 | 2,540 | |||||||||||||||||||||
MARKETING AND TRADING SEGMENT |
|||||||||||||||||||||||||||
Delivered marketing and trading |
|||||||||||||||||||||||||||
| 30 | Generation sales other than native load |
9 | 13 | 14 | 80 | 116 | |||||||||||||||||||||
| 31 | Realized margins on electricity trading |
3 | 11 | 32 | 10 | 56 | |||||||||||||||||||||
| 32 | Other delivered electricity (a) |
22 | 55 | 59 | 106 | 242 | |||||||||||||||||||||
| 33 | Total delivered marketing and trading |
34 | 79 | 105 | 196 | 414 | |||||||||||||||||||||
OTHER MARKETING AND TRADING |
|||||||||||||||||||||||||||
| 34 | Realized margins on delivered commodities
other than electricity (a) |
(5 | ) | 1 | (4 | ) | (1 | ) | (9 | ) | |||||||||||||||||
| 35 | Prior period mark-to-market (gains) losses on
contracts delivered during current period (a) |
| | (17 | ) | (2 | ) | (2 | ) | ||||||||||||||||||
| 36 | Change in mark-to-market for future-period deliveries |
7 | 25 | 10 | (11 | ) | 14 | ||||||||||||||||||||
| 37 | Total other marketing and trading |
2 | 26 | (11 | ) | (14 | ) | 3 | |||||||||||||||||||
| 38 | Total marketing and trading |
36 | 105 | 94 | 182 | 417 | |||||||||||||||||||||
| 39 | Total electric operating revenues |
$ | 415 | $ | 652 | $ | 1,252 | $ | 638 | $ | 2,957 | ||||||||||||||||
ELECTRIC SALES (GWH) |
|||||||||||||||||||||||||||
REGULATED ELECTRICITY SEGMENT |
|||||||||||||||||||||||||||
Retail sales |
|||||||||||||||||||||||||||
| 40 | Residential |
1,877 | 2,370 | 3,506 | 2,028 | 9,781 | |||||||||||||||||||||
| 41 | Business |
2,736 | 3,379 | 3,674 | 2,965 | 12,754 | |||||||||||||||||||||
| 42 | Total retail |
4,613 | 5,749 | 7,180 | 4,993 | 22,535 | |||||||||||||||||||||
Wholesale electricity delivered |
|||||||||||||||||||||||||||
| 43 | Traditional contracts |
331 | 391 | 537 | 351 | 1,610 | |||||||||||||||||||||
| 44 | Retail load hedge management |
232 | 585 | 5,155 | 702 | 6,674 | |||||||||||||||||||||
| 45 | Total regulated electricity |
5,176 | 6,725 | 12,872 | 6,046 | 30,819 | |||||||||||||||||||||
MARKETING AND TRADING SEGMENT |
|||||||||||||||||||||||||||
Delivered marketing and trading |
|||||||||||||||||||||||||||
| 46 | Generation sales other than native load |
396 | 215 | 163 | 720 | 1,494 | |||||||||||||||||||||
| 47 | Electricity trading |
1,294 | 1,803 | 4,073 | 2,089 | 9,259 | |||||||||||||||||||||
| 48 | Other delivered electricity |
735 | 601 | 665 | 960 | 2,960 | |||||||||||||||||||||
| 49 | Total delivered marketing and trading |
2,425 | 2,619 | 4,901 | 3,769 | 13,713 | |||||||||||||||||||||
| 50 | Total electric sales |
7,601 | 9,344 | 17,773 | 9,815 | 44,532 | |||||||||||||||||||||
| (a) | The net effect on net electric operating revenues from realization of prior-period mark-to-market included in line 39 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 35 are included in lines 31 and 34. For example, line 35 shows that a prior-period mark-to-market gain of $2 million was transferred to realized for the total year of 2000. Lines 31 and 34 include amounts totaling $2 million of realized revenues for the total year of 2000. |
| See Glossary of Terms. | Page 31 of 43 |
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2000
MARKETING AND TRADING SEGMENT
PRETAX GROSS MARGIN ANALYSIS
(Dollars in Millions)
| Line | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Total Year | ||||||||||||||||||||||
Realized and Mark-To-Market Components |
|||||||||||||||||||||||||||
Current Period Effects |
|||||||||||||||||||||||||||
Realized margin on delivered commodities |
|||||||||||||||||||||||||||
Electricity |
|||||||||||||||||||||||||||
| 51 | Generation sales other than native load |
$ | 2 | $ | 6 | $ | 7 | $ | 39 | $ | 54 | ||||||||||||||||
| 52 | Other electricity marketing and trading (a) |
3 | 28 | 33 | 5 | 69 | |||||||||||||||||||||
| 53 | Total electricity |
5 | 34 | 40 | 44 | 123 | |||||||||||||||||||||
| 54 | Other commodities (a) |
(5 | ) | 1 | (4 | ) | (1 | ) | (9 | ) | |||||||||||||||||
| 55 | Total realized margin |
| 35 | 36 | 43 | 114 | |||||||||||||||||||||
Prior-period mark-to-market (gains) losses on contracts
delivered during current period (b) |
|||||||||||||||||||||||||||
| 56 | Electricity (a) |
| | (18 | ) | (2 | ) | (2 | ) | ||||||||||||||||||
| 57 | Other commodities (a) |
| | 1 | | | |||||||||||||||||||||
| 58 | Charge related to trading activities with Enron
and its affiliates |
| | | | | |||||||||||||||||||||
| 59 | Subtotal |
| | (17 | ) | (2 | ) | (2 | ) | ||||||||||||||||||
| 60 | Total current period effects (b) |
| 35 | 19 | 41 | 112 | |||||||||||||||||||||
Change in mark-to-market gains (losses) for
future period deliveries (b) |
|||||||||||||||||||||||||||
| 61 | Electricity |
2 | 27 | 6 | (10 | ) | 7 | ||||||||||||||||||||
| 62 | Other commodities |
5 | (2 | ) | 4 | (1 | ) | 7 | |||||||||||||||||||
| 63 | Total future period effects |
7 | 25 | 10 | (11 | ) | 14 | ||||||||||||||||||||
| 64 | 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 60 and in line 64 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 56 are included in line 52. The opposites of amounts included in line 57 are included in line 54. For example, line 56 shows that a prior-period mark-to-market gain of $2 million was transferred to realized for the total year of 2000. A $2 million realized gain is included in the $69 million on line 52 for the total year of 2000. | ||
| (b) | Quarterly amounts do not total to the annual amounts because of intra-year mark-to-market eliminations. |
| See Glossary of Terms. | Page 32 of 43 |
Pinnacle West Capital Corporation
Consolidated Statistics By Quarter
2000
MARKETING AND TRADING SEGMENT
PRETAX GROSS MARGIN ANALYSIS (continued)
(Dollars in Millions)
| Line | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Total Year | ||||||||||||||||||||
By Commodity Sold or Traded |
|||||||||||||||||||||||||
| 65 | Electricity |
7 | 61 | 28 | 31 | 127 | |||||||||||||||||||
| 66 | Natural gas |
| (1 | ) | 3 | 4 | 6 | ||||||||||||||||||
| 67 | Coal |
| | (2 | ) | | (2 | ) | |||||||||||||||||
| 68 | Emission allowances |
| | | (5 | ) | (5 | ) | |||||||||||||||||
| 69 | Other |
| | | | | |||||||||||||||||||
| 70 | Total gross margin |
$ | 7 | $ | 60 | $ | 29 | $ | 30 | $ | 126 | ||||||||||||||
By Pinnacle West Entity |
|||||||||||||||||||||||||
Parent company marketing and trading division
|
|||||||||||||||||||||||||
| 71 | Generation sales other than native load |
$ | | $ | | $ | | $ | | $ | | ||||||||||||||
| 72 | Other marketing and trading |
| | | (2 | ) | (2 | ) | |||||||||||||||||
APS |
|||||||||||||||||||||||||
| 73 | Generation sales other than native load |
2 | 6 | 7 | 39 | 54 | |||||||||||||||||||
| 74 | Other marketing and trading |
5 | 54 | 22 | (7 | ) | 74 | ||||||||||||||||||
Pinnacle West Energy |
|||||||||||||||||||||||||
| 75 | Generation sales other than native load |
| | | | | |||||||||||||||||||
| 76 | Other marketing and trading |
| | | | | |||||||||||||||||||
APS ES |
|||||||||||||||||||||||||
| 77 | Other marketing and trading |
| | | | | |||||||||||||||||||
| 78 | Total gross margin before income taxes |
$ | 7 | $ | 60 | $ | 29 | $ | 30 | $ | 126 | ||||||||||||||
| See Glossary of Terms. | Page 33 of 43 |
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 |
||||||||||||||||||||||||||
| 79 | Residential |
746,528 | 742,485 | 746,742 | 761,386 | 749,285 | ||||||||||||||||||||
| 80 | Business |
92,667 | 93,343 | 94,479 | 96,024 | 94,128 | ||||||||||||||||||||
| 81 | Total |
839,195 | 835,828 | 841,221 | 857,410 | 843,413 | ||||||||||||||||||||
| 82 | Wholesale customers |
67 | 67 | 67 | 67 | 67 | ||||||||||||||||||||
| 83 | Total customers |
839,262 | 835,895 | 841,288 | 857,477 | 843,480 | ||||||||||||||||||||
| 84 | Customer Growth (% over prior year) |
4.0 | % | 4.1 | % | 4.1 | % | 4.2 | % | 4.1 | % | |||||||||||||||
RETAIL SALES (GWH) -
WEATHER NORMALIZED |
||||||||||||||||||||||||||
| 85 | Residential |
1,933 | 2,253 | 3,439 | 1,934 | 9,559 | ||||||||||||||||||||
| 86 | Business |
2,737 | 3,297 | 3,644 | 3,014 | 12,692 | ||||||||||||||||||||
| 87 | Total |
4,670 | 5,550 | 7,083 | 4,948 | 22,251 | ||||||||||||||||||||
RETAIL USAGE
(KWh/Average Customer) |
||||||||||||||||||||||||||
| 88 | Residential |
2,514 | 3,192 | 4,695 | 2,664 | 13,054 | ||||||||||||||||||||
| 89 | Business |
29,525 | 36,200 | 38,887 | 30,878 | 135,496 | ||||||||||||||||||||
RETAIL USAGE -
WEATHER NORMALIZED
(KWh/Average Customer) |
||||||||||||||||||||||||||
| 90 | Residential |
2,589 | 3,034 | 4,605 | 2,540 | 12,757 | ||||||||||||||||||||
| 91 | Business |
29,536 | 35,321 | 38,569 | 31,388 | 134,838 | ||||||||||||||||||||
ELECTRICITY DEMAND (MW) |
||||||||||||||||||||||||||
| 92 | System peak demand |
3,315 | 5,095 | 5,478 | 4,331 | 5,478 | ||||||||||||||||||||
| See Glossary of Terms. | Page 34 of 43 |
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 |
||||||||||||||||||||||||||
| 93 | Nuclear |
2,325 | 2,090 | 2,348 | 2,078 | 8,841 | ||||||||||||||||||||
| 94 | Coal |
2,828 | 3,163 | 3,343 | 3,175 | 12,509 | ||||||||||||||||||||
| 95 | Gas, oil and other |
323 | 526 | 1,046 | 889 | 2,784 | ||||||||||||||||||||
| 96 | Total |
5,476 | 5,779 | 6,737 | 6,142 | 24,134 | ||||||||||||||||||||
Purchased power |
||||||||||||||||||||||||||
| 97 | Firm load |
51 | 819 | 1,550 | 95 | 2,515 | ||||||||||||||||||||
| 98 | Marketing and trading |
2,261 | 2,989 | 9,893 | 3,750 | 18,893 | ||||||||||||||||||||
| 99 | Total |
2,312 | 3,808 | 11,443 | 3,845 | 21,408 | ||||||||||||||||||||
| 100 | Total energy sources |
7,788 | 9,587 | 18,180 | 9,987 | 45,542 | ||||||||||||||||||||
POWER PLANT PERFORMANCE |
||||||||||||||||||||||||||
Capacity Factors |
||||||||||||||||||||||||||
| 101 | Nuclear |
98 | % | 88 | % | 98 | % | 87 | % | 93 | % | |||||||||||||||
| 102 | Coal |
76 | % | 85 | % | 88 | % | 84 | % | 83 | % | |||||||||||||||
| 103 | Gas, oil and other |
13 | % | 21 | % | 40 | % | 34 | % | 27 | % | |||||||||||||||
| 104 | System average |
63 | % | 67 | % | 77 | % | 70 | % | 69 | % | |||||||||||||||
Generation Capacity Out of Service and Replaced for
Native Load (average MW/day) |
||||||||||||||||||||||||||
| 105 | Nuclear |
27 | 129 | 21 | 143 | 80 | ||||||||||||||||||||
| 106 | Coal |
223 | 124 | 85 | 187 | 155 | ||||||||||||||||||||
| 107 | Gas |
8 | 43 | 16 | 20 | 22 | ||||||||||||||||||||
| 108 | Total |
258 | 296 | 122 | 350 | 257 | ||||||||||||||||||||
| 109 | Generation Fuel Cost ($/MWh) |
$ | 10.65 | $ | 12.69 | $ | 14.77 | $ | 16.28 | $ | 13.72 | |||||||||||||||
| See Glossary of Terms. |
Page 35 of 43 |
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 |
||||||||||||||||||||||||||
| 110 | Palo Verde |
$ | 30.52 | $ | 90.49 | $ | 170.40 | $ | 154.33 | $ | 111.44 | |||||||||||||||
| 111 | SP15 |
$ | 31.40 | $ | 82.67 | $ | 152.74 | $ | 162.59 | $ | 107.35 | |||||||||||||||
Off-Peak |
||||||||||||||||||||||||||
| 112 | Palo Verde |
$ | 22.97 | $ | 31.91 | $ | 61.48 | $ | 95.72 | $ | 53.02 | |||||||||||||||
| 113 | SP15 |
$ | 24.52 | $ | 32.45 | $ | 66.28 | $ | 119.72 | $ | 60.74 | |||||||||||||||
WEATHER INDICATORS |
||||||||||||||||||||||||||
Actual |
||||||||||||||||||||||||||
| 114 | Cooling degree-days |
71 | 1,712 | 2,547 | 253 | 4,583 | ||||||||||||||||||||
| 115 | Heating degree-days |
459 | 9 | | 500 | 968 | ||||||||||||||||||||
| 116 | Average humidity |
37 | % | 23 | % | 29 | % | 46 | % | 34 | % | |||||||||||||||
10-Year Averages |
||||||||||||||||||||||||||
| 117 | Cooling degree-days |
77 | 1,478 | 2,489 | 395 | 4,439 | ||||||||||||||||||||
| 118 | Heating degree-days |
546 | 34 | | 433 | 1,013 | ||||||||||||||||||||
| 119 | Average humidity |
45 | % | 25 | % | 34 | % | 40 | % | 36 | % | |||||||||||||||
ECONOMIC INDICATORS |
||||||||||||||||||||||||||
Building Permits Metro Phoenix (b) |
||||||||||||||||||||||||||
| 120 | Single-family |
8,163 | 9,605 | 8,331 | 6,410 | 32,509 | ||||||||||||||||||||
| 121 | Multi-family |
3,208 | 2,651 | 2,417 | 1,952 | 10,228 | ||||||||||||||||||||
| 122 | Total |
11,371 | 12,256 | 10,748 | 8,362 | 42,737 | ||||||||||||||||||||
Arizona Job Growth (c) |
||||||||||||||||||||||||||
| 123 | Payroll job growth (% over prior year) |
4.4 | % | 3.8 | % | 3.4 | % | 3.2 | % | 3.7 | % | |||||||||||||||
| 124 | Unemployment rate (%, seasonally adjusted) |
4.1 | % | 3.9 | % | 3.8 | % | 3.7 | % | 3.9 | % | |||||||||||||||
| 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 W.P. Carey College of Business | |
| (c) | Arizona Department of Economic Security | |
| See Glossary of Terms. |
Page 36 of 43 |