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Other Income and Other Expense (Tables) | 6 Months Ended
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Jun. 30, 2024
Other Income and Expenses [Abstract] |
Schedule of Other Income and Other Expense | The following table pro vides detail of Pinnacle West’s Consolidated other income and other expense (dollars in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Other income: |  |  |  |  |  |  |
Interest income (a) | $ | 5,396 |  |  | $ | 6,406 |  |  | $ | 12,956 |  |  | $ | 12,432 |
Gain on sale of BCE (Note 16) | — |  |  | — |  |  | 22,988 |  |  | — |
Miscellaneous | 489 |  |  | — |  |  | 548 |  |  | 51 |
Total other income | $ | 5,885 |  |  | $ | 6,406 |  |  | $ | 36,492 |  |  | $ | 12,483 |
Other expense: |  |  |  |  |  |  |
Non-operating costs | $ | (2,038) |  |  | $ | (3,355) |  |  | (8,188) |  |  | (5,996) |
Investment losses — net | (497) |  |  | (434) |  |  | (1,274) |  |  | (1,495) |
Miscellaneous | (497) |  |  | (1,024) |  |  | (1,137) |  |  | (1,453) |
Total other expense | $ | (3,032) |  |  | $ | (4,813) |  |  | $ | (10,599) |  |  | $ | (8,944) |
(a) The 2023 and 2024 Interest income is primarily related to PSA Interest. See Note 4. The following table provides detail of APS’s other income and other expense (dollars in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Other income: |  |  |  |  |  |  |
Interest income (a) | $ | 4,602 |  |  | $ | 5,691 |  |  | $ | 11,398 |  |  | $ | 10,716 |
Miscellaneous | (11) |  |  | — |  |  | 48 |  |  | 51 |
Total other income | $ | 4,591 |  |  | $ | 5,691 |  |  | $ | 11,446 |  |  | $ | 10,767 |
Other expense: |  |  |  |  |  |  |
Non-operating costs | $ | (2,397) |  |  | $ | (3,111) |  |  | (4,652) |  |  | (5,299) |
Miscellaneous | (497) |  |  | (1,024) |  |  | (1,136) |  |  | (1,453) |
Total other expense | $ | (2,894) |  |  | $ | (4,135) |  |  | $ | (5,788) |  |  | $ | (6,752) |
(a) The 2023 and 2024 Interest income is primarily related to PSA Interest. See Note 4.

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- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
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