Other Income and Other Expense (Tables)

12 Months Ended

Dec. 31, 2020

Other Income and Expenses [Abstract]

Detail of other income and other expense

The following table provides detail of Pinnacle West’s Consolidated other income and other expense for 2020, 2019 and 2018 (dollars in thousands):

	2020			2019		2018
Other income:
Interest income	$	12,210		$	10,377	$	8,647
Investment gains (losses) — net	2,358			—		—
Debt return on Four Corners SCR deferral (Note 4)	26,121			19,541		16,153
Debt return on Ocotillo modernization project (Note 4)	15,865			20,282		—
Miscellaneous	149			63		96
Total other income	$	56,703		$	50,263	$	24,896
Other expense:
Non-operating costs	$	(12,400)		$	(10,663)	$	(10,076)
Investment gains (losses) — net	—			(1,835)		(417)
Miscellaneous	(45,376)		(a)	(5,382)		(7,473)
Total other expense	$	(57,776)		$	(17,880)	$	(17,966)

(a)Miscellaneous includes donation of approximately $10 million to the APS Foundation and approximately $25.2 million related to the CCT plan (see Note 4).

The following table provides detail of APS’s other income and other expense for 2020, 2019 and 2018 (dollars in thousands):

 

	2020			2019		2018
Other income:
Interest income	$	9,621		$	6,998	$	6,496
Debt return on Four Corners SCR deferral (Note 4)	26,121			19,541		16,153
Debt return on Ocotillo modernization project (Note 4)	15,865			20,282		—
Miscellaneous	148			63		97
Total other income	$	51,755		$	46,884	$	22,746
Other expense:
Non-operating costs	$	(10,659)		$	(9,612)	$	(9,462)
Miscellaneous	(43,035)		(a)	(3,378)		(5,830)
Total other expense	$	(53,694)		$	(12,990)	$	(15,292)

(a)Miscellaneous includes donations of approximately $10 million to the APS Foundation and approximately $25.2 million related to the CCT plan (see Note 4).