ARIZONA PUBLIC SERVICE COMPANY - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
OPERATING REVENUES (Note 2)	$ 1,637,759	$ 1,469,871	$ 3,704,417	$ 3,315,071
OPERATING EXPENSES
Fuel and purchased power	614,520	556,571	1,416,778	1,174,027
Operations and maintenance	250,019	251,663	777,337	715,392
Depreciation and amortization	203,438	190,389	590,445	563,491
Taxes other than income taxes	53,169	53,475	167,949	165,591
Other expenses	350	200	1,648	1,410
Total	1,121,496	1,052,298	2,954,157	2,619,911
OPERATING INCOME	516,263	417,573	750,260	695,160
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	11,976	9,133	40,071	30,966
Pension and other postretirement non-service credits - net (Note 5)	10,174	24,673	30,513	73,739
Other income (Note 9)	15,941	2,219	28,424	5,605
Other expense (Note 9)	(6,972)	(6,745)	(15,916)	(14,751)
Total	31,119	29,280	83,092	95,559
INTEREST EXPENSE
Interest charges	96,909	72,185	278,860	205,677
Allowance for borrowed funds used during construction	(9,092)	(8,692)	(34,131)	(19,047)
Total	87,817	63,493	244,729	186,630
INCOME BEFORE INCOME TAXES	459,565	383,360	588,623	604,089
INCOME TAXES	57,045	52,728	74,125	83,577
NET INCOME	402,520	330,632	514,498	520,512
Less: Net income attributable to noncontrolling interests (Note 6)	4,306	4,306	12,918	12,918
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDER	398,214	326,326	501,580	507,594
APS
OPERATING REVENUES (Note 2)	1,637,759	1,469,871	3,704,417	3,315,071
OPERATING EXPENSES
Fuel and purchased power	614,520	556,571	1,416,778	1,174,027
Operations and maintenance	247,200	248,808	765,717	705,683
Depreciation and amortization	203,417	190,368	590,381	563,427
Taxes other than income taxes	53,154	53,456	167,908	165,509
Other expenses	350	200	1,648	1,410
Total	1,118,641	1,049,403	2,942,432	2,610,056
OPERATING INCOME	519,118	420,468	761,985	705,015
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	11,976	9,133	40,071	30,966
Pension and other postretirement non-service credits - net (Note 5)	10,408	24,791	31,209	74,080
Other income (Note 9)	8,720	1,661	19,487	4,209
Other expense (Note 9)	(3,633)	(3,023)	(10,385)	(7,657)
Total	27,471	32,562	80,382	101,598
INTEREST EXPENSE
Interest charges	83,433	66,296	238,385	192,828
Allowance for borrowed funds used during construction	(8,701)	(8,269)	(29,597)	(18,381)
Total	74,732	58,027	208,788	174,447
INCOME BEFORE INCOME TAXES	471,857	395,003	633,579	632,166
INCOME TAXES	65,734	59,004	89,244	93,385
NET INCOME	406,123	335,999	544,335	538,781
Less: Net income attributable to noncontrolling interests (Note 6)	4,306	4,306	12,918	12,918
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDER	$ 401,817	$ 331,693	$ 531,417	$ 525,863