XML 75 R63.htm IDEA: XBRL DOCUMENT
v3.23.1

Fair Value Measurements - Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2023 | Dec. 31, 2022
ASSETS |  |
Cash equivalents | $ 14 |
Commodity contracts, assets | 33,177 | $ 132,229
Commodity contracts assets, other | (16,697) | (21,163)
Nuclear decommissioning trust: | 1,125,617 | 1,073,410
Nuclear decommissioning trust, other | 506,571 | 476,409
Other special use funds | 352,877 | 347,231
Other special use funds, other | 1,041 | 963
Total assets | 1,511,685 | 1,552,870
Total assets, other | 490,915 | 456,209
LIABILITIES |  |
Gross derivative liability, other | 10,643 | 15,357
Interest rate swaps | (99,257) | (42,446)
Total liabilities | (99,257) | (42,446)
Total liabilities, other | $ 10,643 | $ 15,357
Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag | Subtotal risk management activities - derivative instruments | Subtotal risk management activities - derivative instruments
Equity securities |  |
ASSETS |  |
Nuclear decommissioning trust: | $ 8,530 | $ 18,485
Nuclear decommissioning trust, other | (1,135) | 3,827
Other special use funds | 28,683 | 67,937
Other special use funds, other | 1,041 | 963
U.S. commingled equity funds |  |
ASSETS |  |
Nuclear decommissioning trust: | 507,706 | 472,582
U.S. Treasury debt |  |
ASSETS |  |
Nuclear decommissioning trust: | 231,003 | 211,923
Other special use funds | 320,196 | 275,267
Corporate debt |  |
ASSETS |  |
Nuclear decommissioning trust: | 149,541 | 149,226
Mortgage-backed securities |  |
ASSETS |  |
Nuclear decommissioning trust: | 157,330 | 147,938
Municipal bonds |  |
ASSETS |  |
Nuclear decommissioning trust: | 63,950 | 64,881
Other special use funds | 3,998 | 4,027
Other fixed income |  |
ASSETS |  |
Nuclear decommissioning trust: | 7,557 | 8,375
Commodity Option |  |
ASSETS |  |
Commodity contracts, assets | 33,043 | 132,098
Commodity contracts assets, other | (16,697) | (21,163)
LIABILITIES |  |
Gross derivative liability, other | 10,643 | 15,357
Interest rate swaps | (97,559) | (41,537)
Interest Rate Swap |  |
ASSETS |  |
Commodity contracts, assets | 134 | 131
Commodity contracts assets, other | 0 | 0
LIABILITIES |  |
Gross derivative liability, other | 0 | 0
Interest rate swaps | (1,698) | (909)
Level 1 |  |
ASSETS |  |
Cash equivalents | 14 |
Commodity contracts, assets | 0 | 0
Nuclear decommissioning trust: | 240,668 | 226,581
Other special use funds | 347,838 | 342,241
Total assets | 588,520 | 568,822
LIABILITIES |  |
Gross derivative liability | 0 | 0
Total liabilities | 0 | 0
Level 1 | Equity securities |  |
ASSETS |  |
Nuclear decommissioning trust: | 9,665 | 14,658
Other special use funds | 27,642 | 66,974
Level 1 | U.S. commingled equity funds |  |
ASSETS |  |
Nuclear decommissioning trust: | 0 | 0
Level 1 | U.S. Treasury debt |  |
ASSETS |  |
Nuclear decommissioning trust: | 231,003 | 211,923
Other special use funds | 320,196 | 275,267
Level 1 | Corporate debt |  |
ASSETS |  |
Nuclear decommissioning trust: | 0 | 0
Level 1 | Mortgage-backed securities |  |
ASSETS |  |
Nuclear decommissioning trust: | 0 | 0
Level 1 | Municipal bonds |  |
ASSETS |  |
Nuclear decommissioning trust: | 0 | 0
Other special use funds | 0 | 0
Level 1 | Other fixed income |  |
ASSETS |  |
Nuclear decommissioning trust: | 0 | 0
Level 1 | Commodity Option |  |
ASSETS |  |
Commodity contracts, assets | 0 | 0
LIABILITIES |  |
Gross derivative liability | 0 | 0
Level 1 | Interest Rate Swap |  |
ASSETS |  |
Commodity contracts, assets | 0 | 0
LIABILITIES |  |
Gross derivative liability | 0 | 0
Level 2 |  |
ASSETS |  |
Cash equivalents | 0 |
Commodity contracts, assets | 28,617 | 127,260
Nuclear decommissioning trust: | 378,378 | 370,420
Other special use funds | 3,998 | 4,027
Total assets | 410,993 | 501,707
LIABILITIES |  |
Gross derivative liability | (95,265) | (26,783)
Total liabilities | (95,265) | (26,783)
Level 2 | Equity securities |  |
ASSETS |  |
Nuclear decommissioning trust: | 0 | 0
Other special use funds | 0 | 0
Level 2 | U.S. commingled equity funds |  |
ASSETS |  |
Nuclear decommissioning trust: | 0 | 0
Level 2 | U.S. Treasury debt |  |
ASSETS |  |
Nuclear decommissioning trust: | 0 | 0
Other special use funds | 0 | 0
Level 2 | Corporate debt |  |
ASSETS |  |
Nuclear decommissioning trust: | 149,541 | 149,226
Level 2 | Mortgage-backed securities |  |
ASSETS |  |
Nuclear decommissioning trust: | 157,330 | 147,938
Level 2 | Municipal bonds |  |
ASSETS |  |
Nuclear decommissioning trust: | 63,950 | 64,881
Other special use funds | 3,998 | 4,027
Level 2 | Other fixed income |  |
ASSETS |  |
Nuclear decommissioning trust: | 7,557 | 8,375
Level 2 | Commodity Option |  |
ASSETS |  |
Commodity contracts, assets | 28,483 | 127,129
LIABILITIES |  |
Gross derivative liability | (93,567) | (25,874)
Level 2 | Interest Rate Swap |  |
ASSETS |  |
Commodity contracts, assets | 134 | 131
LIABILITIES |  |
Gross derivative liability | (1,698) | (909)
Level 3 |  |
ASSETS |  |
Cash equivalents | 0 |
Commodity contracts, assets | 21,257 | 26,132
Nuclear decommissioning trust: | 0 | 0
Other special use funds | 0 | 0
Total assets | 21,257 | 26,132
LIABILITIES |  |
Gross derivative liability | (14,635) | (31,020)
Total liabilities | (14,635) | (31,020)
Level 3 | Equity securities |  |
ASSETS |  |
Nuclear decommissioning trust: | 0 | 0
Other special use funds | 0 | 0
Level 3 | U.S. commingled equity funds |  |
ASSETS |  |
Nuclear decommissioning trust: | 0 | 0
Level 3 | U.S. Treasury debt |  |
ASSETS |  |
Nuclear decommissioning trust: | 0 | 0
Other special use funds | 0 | 0
Level 3 | Corporate debt |  |
ASSETS |  |
Nuclear decommissioning trust: | 0 | 0
Level 3 | Mortgage-backed securities |  |
ASSETS |  |
Nuclear decommissioning trust: | 0 | 0
Level 3 | Municipal bonds |  |
ASSETS |  |
Nuclear decommissioning trust: | 0 | 0
Other special use funds | 0 | 0
Level 3 | Other fixed income |  |
ASSETS |  |
Nuclear decommissioning trust: | 0 | 0
Level 3 | Commodity Option |  |
ASSETS |  |
Commodity contracts, assets | 21,257 | 26,132
LIABILITIES |  |
Gross derivative liability | (14,635) | (31,020)
Level 3 | Interest Rate Swap |  |
ASSETS |  |
Commodity contracts, assets | 0 | 0
LIABILITIES |  |
Gross derivative liability | 0 | 0
Fair Value Measured at Net Asset Value Per Share | U.S. commingled equity funds |  |
ASSETS |  |
Nuclear decommissioning trust: | $ 507,706 | $ 472,582

X
- Definition Assets, Fair Value, Gross Liability And Net Pending Securities Sales And Purchases + References No definition available. + Details
Name: | pnw_AssetsFairValueGrossLiabilityAndNetPendingSecuritiesSalesAndPurchases
Namespace Prefix: | pnw_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Decommissioning Fund Investments, Fair Value Net Pending Securities Sales And Purchases + References No definition available. + Details
Name: | pnw_DecommissioningFundInvestmentsFairValueNetPendingSecuritiesSalesAndPurchases
Namespace Prefix: | pnw_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag + References No definition available. + Details
Name: | pnw_DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
Namespace Prefix: | pnw_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Liabilities, Fair Value, Gross Liability And Net Pending Securities Sales And Purchases + References No definition available. + Details
Name: | pnw_LiabilitiesFairValueGrossLiabilityAndNetPendingSecuritiesSalesAndPurchases
Namespace Prefix: | pnw_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Special Use Fund Investments, Other, Gross Fair Value + References No definition available. + Details
Name: | pnw_SpecialUseFundInvestmentsOtherGrossFairValue
Namespace Prefix: | pnw_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Special Use Fund Investments, Other, Net Fair Value Pending Sales And Purchases + References No definition available. + Details
Name: | pnw_SpecialUseFundInvestmentsOtherNetFairValuePendingSalesAndPurchases
Namespace Prefix: | pnw_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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

X
- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The fair value of investments held in a trust fund to pay for the costs of decontaminating and decommissioning facilities, whether such amount is presented as a separate caption or as a parenthetical disclosure on the balance sheet. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 + Details
Name: | us-gaap_DecommissioningTrustAssetsAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value of liability associated with financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226003-175313 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
Name: | us-gaap_DerivativeAssetFairValueGrossLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226000-175313 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=121570589&loc=SL51823488-111719 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_DerivativeFairValueOfDerivativeAsset
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=121570589&loc=SL51823488-111719 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226000-175313 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 + Details
Name: | us-gaap_DerivativeFairValueOfDerivativeLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 + Details
Name: | us-gaap_DerivativeLiabilities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value of asset associated with financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226038-175313 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226003-175313 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_DerivativeLiabilityFairValueGrossAsset
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value of financial and nonfinancial obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_LiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_EquitySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=pnw_USCommingledFundsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USTreasurySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CorporateDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_MortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_OtherDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CommodityOptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueMeasuredAtNetAssetValuePerShareMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |