Other Income and Other Expense (Tables)

9 Months Ended

Sep. 30, 2023

Other Income and Expenses [Abstract]

Schedule 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Other income:
Interest income	$	9,515	$	1,785	$	21,946	$	5,118
Gain on sale of BCE (Note 16)	6,423		—		6,423		—
Miscellaneous	3		434		55		487
Total other income	$	15,941	$	2,219	$	28,424	$	5,605
Other expense:
Non-operating costs	(3,322)		(2,956)		(9,319)		(9,110)
Investment losses — net	(870)		(935)		(2,364)		(2,191)
Miscellaneous	(2,780)		(2,854)		(4,233)		(3,450)
Total other expense	$	(6,972)	$	(6,745)	$	(15,916)	$	(14,751)

The following table provides detail of APS’s other income and other expense (dollars in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Other income:
Interest income	$	8,717	$	1,402	$	19,432	$	3,897
Miscellaneous	3		259		55		312
Total other income	$	8,720	$	1,661	$	19,487	$	4,209
Other expense:
Non-operating costs	(3,053)		(2,369)		(8,352)		(6,407)
Miscellaneous	(580)		(654)		(2,033)		(1,250)
Total other expense	$	(3,633)	$	(3,023)	$	(10,385)	$	(7,657)