Other Income and Other Expense (Tables)

6 Months Ended

Jun. 30, 2021

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 (dollars in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Other income:
Interest income	$	1,687	$	2,755	$	3,635	$	6,032
Investment gains - net	—		2,826		—		2,826
Debt return on Four Corners SCR deferrals (Note 4)	4,089		4,249		8,175		7,389
Debt return on Ocotillo modernization project (Note 4)	6,391		6,703		12,783		12,847
Miscellaneous	40		137		43		145
Total other income	$	12,207	$	16,670	$	24,636	$	29,239
Other expense:
Non-operating costs	(4,102)		(2,290)		(6,039)		(4,948)
Investment gains (losses) — net	(431)		—		(774)		60
Miscellaneous	(651)		(1,746)		(2,224)		(3,932)
Total other expense	$	(5,184)	$	(4,036)	$	(9,037)	$	(8,820)

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,
	2021		2020		2021		2020
Other income:
Interest income	$	1,047	$	2,183	$	2,528	$	4,524
Debt return on Four Corners SCR deferrals (Note 4)	4,089		4,249		8,175		7,389
Debt return on Ocotillo modernization project (Note 4)	6,391		6,703		12,783		12,847
Miscellaneous	36		137		37		145
Total other income	$	11,563	$	13,272	$	23,523	$	24,905
Other expense:
Non-operating costs	(3,615)		(2,113)		(5,392)		(4,595)
Miscellaneous	(646)		(1,746)		(2,219)		(3,932)
Total other expense	$	(4,261)	$	(3,859)	$	(7,611)	$	(8,527)