XML 46 R25.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Regulatory Matters (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2017
Regulated Operations [Abstract] |
Schedule of changes in the deferred fuel and purchased power regulatory asset | The following table shows the changes in the deferred fuel and purchased power regulatory asset (liability) for 2017 and 2016 (dollars in thousands):
| Six Months Ended June 30,
| 2017 |  | 2016
Beginning balance | $ | 12,465 |  |  | $ | (9,688 | )
Deferred fuel and purchased power costs — current period | 21,994 |  |  | 21,027 |
Amounts refunded/(charged) to customers | 13,663 |  |  | (13,778 | )
Ending balance | $ | 48,122 |  |  | $ | (2,439 | )
Schedule of regulatory assets | The detail of regulatory assets is as follows (dollars in thousands):
| Amortization Through |  | June 30, 2017 |  | December 31, 2016
|  | Current |  | Non-Current |  | Current |  | Non-Current
Pension | (a) |  | $ | — |  |  | $ | 697,184 |  |  | $ | — |  |  | $ | 711,059 |
Retired power plant costs | Various |  | 19,083 |  |  | 205,418 |  |  | 9,913 |  |  | 117,591 |
Income taxes — allowance for funds used during construction ("AFUDC") equity | 2047 |  | 6,202 |  |  | 158,356 |  |  | 6,305 |  |  | 152,118 |
Deferred fuel and purchased power — mark-to-market (Note 6) | 2020 |  | 45,993 |  |  | 43,354 |  |  | — |  |  | 42,963 |
Deferred fuel and purchased power (b) (e) | 2018 |  | 48,122 |  |  | — |  |  | 12,465 |  |  | — |
Four Corners cost deferral | 2024 |  | 6,689 |  |  | 53,549 |  |  | 6,689 |  |  | 56,894 |
Income taxes — investment tax credit basis adjustment | 2046 |  | 2,120 |  |  | 53,509 |  |  | 2,120 |  |  | 54,356 |
Lost fixed cost recovery (b) | 2018 |  | 75,070 |  |  | — |  |  | 61,307 |  |  | — |
Palo Verde VIEs (Note 5) | 2046 |  | — |  |  | 19,085 |  |  | — |  |  | 18,775 |
Deferred compensation | 2036 |  | — |  |  | 37,161 |  |  | — |  |  | 35,595 |
Deferred property taxes | (c) |  | — |  |  | 85,694 |  |  | — |  |  | 73,200 |
Loss on reacquired debt | 2038 |  | 1,637 |  |  | 16,124 |  |  | 1,637 |  |  | 16,942 |
Tax expense of Medicare subsidy | 2024 |  | 1,503 |  |  | 9,922 |  |  | 1,513 |  |  | 10,589 |
Demand Side Management | 2018 |  | 5,122 |  |  | — |  |  | 3,744 |  |  | — |
AG-1 deferral | (f) |  | — |  |  | 10,058 |  |  | — |  |  | 5,868 |
Mead-Phoenix transmission line CIAC | 2050 |  | 332 |  |  | 10,542 |  |  | 332 |  |  | 10,708 |
Transmission cost adjustor (b) | 2018 |  | 8,115 |  |  | — |  |  | — |  |  | 1,588 |
Coal reclamation | 2026 |  | 418 |  |  | 15,135 |  |  | 418 |  |  | 5,182 |
Other | Various |  | 322 |  |  | — |  |  | 432 |  |  | — |
Total regulatory assets (d) |  |  | $ | 220,728 |  |  | $ | 1,415,091 |  |  | $ | 106,875 |  |  | $ | 1,313,428 |
(a) | See Note 4 for further discussion.
(b) | See "Cost Recovery Mechanisms" discussion above.
(c) | Per the provision of the 2012 Settlement Agreement.
(d) | There are no regulatory assets for which the ACC has allowed recovery of costs, but not allowed a return by exclusion from rate base. FERC rates are set using a formula rate as described in "Transmission Rates, Transmission Cost Adjustor and Other Transmission Matters."
(e) | Subject to a carrying charge.
(f) | Amortization is expected through 2022, but the balance is classified as non-current since the related 2017 Settlement Agreement was not approved as of June 30, 2017.
Schedule of regulatory liabilities | The detail of regulatory liabilities is as follows (dollars in thousands):
| Amortization Through |  | June 30, 2017 |  | December 31, 2016
|  | Current |  | Non-Current |  | Current |  | Non-Current
Asset retirement obligations | 2057 |  | $ | — |  |  | $ | 321,732 |  |  | $ | — |  |  | $ | 279,976 |
Removal costs | (a) |  | 37,943 |  |  | 189,959 |  |  | 29,899 |  |  | 223,145 |
Other postretirement benefits | (b) |  | 32,725 |  |  | 107,764 |  |  | 32,662 |  |  | 123,913 |
Income taxes — deferred investment tax credit | 2046 |  | 4,315 |  |  | 107,153 |  |  | 4,368 |  |  | 108,827 |
Income taxes — change in rates | 2046 |  | 2,565 |  |  | 68,583 |  |  | 1,771 |  |  | 70,898 |
Spent nuclear fuel | 2047 |  | — |  |  | 71,996 |  |  | — |  |  | 71,726 |
Renewable energy standard (c) | 2018 |  | 11,519 |  |  | — |  |  | 26,809 |  |  | — |
Demand side management (c) | 2019 |  | — |  |  | 19,921 |  |  | — |  |  | 20,472 |
Sundance maintenance | 2030 |  | — |  |  | 16,092 |  |  | — |  |  | 15,287 |
Deferred gains on utility property | 2019 |  | 2,063 |  |  | 7,851 |  |  | 2,063 |  |  | 8,895 |
Four Corners coal reclamation | 2031 |  | — |  |  | 20,894 |  |  | — |  |  | 18,248 |
Other | Various |  | 43 |  |  | 8,161 |  |  | 2,327 |  |  | 7,529 |
Total regulatory liabilities |  |  | $ | 91,173 |  |  | $ | 940,106 |  |  | $ | 99,899 |  |  | $ | 948,916 |
(a) | In accordance with regulatory accounting guidance, APS accrues for removal costs for its regulated assets, even if there is no legal obligation for removal.
(b) | See Note 4 for further discussion.
(c) | See "Cost Recovery Mechanisms" discussion above.

X
- Definition Tabular disclosure of the changes in the deferred fuel and purchased power regulatory asset (liability) of regulated entities. + References No definition available. + Details
Name: | pnw_ScheduleOfDeferredFuelAndPurchasedPowerRegulatoryAssetLiabilityTableTextBlock
Namespace Prefix: | pnw_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RegulatedOperationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets that are created when regulatory agencies permit public utilities to defer certain costs included in rate-setting to the balance sheet. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 340 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6499975&loc=d3e44264-110382 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 715 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6501251&loc=d3e52485-110419 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 340 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6499975&loc=d3e44250-110382 + Details
Name: | us-gaap_ScheduleOfRegulatoryAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of regulatory liabilities. Detailed information about liabilities that result from rate actions of a regulator. Rate actions of a regulator can impose a liability on a regulated enterprise resulting in a regulatory liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 405 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6500807&loc=d3e48068-110394 + Details
Name: | us-gaap_ScheduleOfRegulatoryLiabilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration