ARIZONA PUBLIC SERVICE COMPANY - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
OPERATING REVENUES (Note 2)	$ 951,712	$ 944,955
OPERATING EXPENSES
Fuel and purchased power	357,864	394,504
Operations and maintenance	257,578	250,080
Depreciation and amortization	210,294	191,906
Taxes other than income taxes	59,164	57,138
Other expense	20	610
Total	884,920	894,238
OPERATING INCOME	66,792	50,717
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	10,292	15,061
Pension and other postretirement non-service credits - net (Note 5)	11,568	9,865
Other income (Note 9)	30,607	6,077
Other expense (Note 9)	(7,567)	(4,131)
Total	44,900	26,872
INTEREST EXPENSE
Interest charges	99,774	88,119
Allowance for borrowed funds used during construction	(13,141)	(12,722)
Total	86,633	75,397
Income Before Income Taxes	25,059	2,192
INCOME TAXES	3,891	1,183
Net Income	21,168	1,009
Less: Net income attributable to noncontrolling interests (Note 6)	4,306	4,306
Net Income (Loss) Attributable to Common Shareholders	16,862	(3,297)
APS
OPERATING REVENUES (Note 2)	951,712	944,955
OPERATING EXPENSES
Fuel and purchased power	357,864	394,504
Operations and maintenance	253,593	246,179
Depreciation and amortization	210,273	191,884
Taxes other than income taxes	59,078	57,125
Other expense	20	610
Total	880,828	890,302
OPERATING INCOME	70,884	54,653
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	10,292	15,061
Pension and other postretirement non-service credits - net (Note 5)	11,773	10,106
Other income (Note 9)	6,855	5,075
Other expense (Note 9)	(2,894)	(2,617)
Total	26,026	27,625
INTEREST EXPENSE
Interest charges	86,979	75,222
Allowance for borrowed funds used during construction	(13,141)	(11,157)
Total	73,838	64,065
Income Before Income Taxes	23,072	18,213
INCOME TAXES	3,649	3,247
Net Income	19,423	14,966
Less: Net income attributable to noncontrolling interests (Note 6)	4,306	4,306
Net Income (Loss) Attributable to Common Shareholders	$ 15,117	$ 10,660