EX-99.6 7 p70961exv99w6.txt EXHIBIT 99.6 EXHIBIT 99.6 Last Updated 7/27/2005 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 2002
INCREASE (DECREASE) Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR YEAR-TO-DATE VS PRIOR YTD ------- ------- ------- ------- ------------ ------------ EARNINGS CONTRIBUTION BY SUBSIDIARY ($ MILLIONS) 1 Arizona Public Service $ 32 $ 64 $ 87 $ 16 $ 199 $ (82) 2 Pinnacle West Energy 1 1 10 (31) (19) (37) 3 APS Energy Services 2 11 7 8 28 38 4 SunCor 1 2 (1) 8 10 7 5 El Dorado - (3) (2) 9 4 4 6 Parent Company 17 (6) 8 1 20 (15) ------- ------- ------- ------- -------- -------- 7 Income From Continuing Operations 53 69 109 11 242 (85) 8 Income (Loss) From Discontinued Operations - Net of Tax 1 6 (8) (26) (27) (27) 9 Cumulative Effect of Change in Accounting - Net of Tax - - - (66) (66) (51) ------- ------- ------- ------- -------- -------- 10 Net Income $ 54 $ 75 $ 101 $ (81) $ 149 $ (163) ======= ======= ======= ======= ======== ======== EARNINGS PER SHARE BY SUBSIDIARY - DILUTED 11 Arizona Public Service $ 0.37 $ 0.76 $ 1.02 $ 0.19 $ 2.35 $ (0.95) 12 Pinnacle West Energy 0.01 0.01 0.12 (0.37) (0.23) (0.44) 13 APS Energy Services 0.03 0.13 0.08 0.09 0.33 0.45 14 SunCor 0.02 0.02 (0.01) 0.09 0.13 0.09 15 El Dorado - (0.04) (0.02) 0.10 0.05 0.05 16 Parent Company 0.20 (0.07) 0.10 0.02 0.23 (0.19) ------- ------- ------- ------- -------- -------- 17 Income From Continuing Operations 0.63 0.81 1.29 0.12 2.86 (0.99) 18 Income (Loss) From Discontinued Operations - Net of Tax - 0.08 (0.10) (0.30) (0.32) (0.32) 19 Cumulative Effect of Change in Accounting - Net of Tax - - - (0.77) (0.77) (0.60) ------- ------- ------- ------- -------- -------- 20 Net Income $ 0.63 $ 0.89 $ 1.19 $ (0.95) $ 1.77 $ (1.91) ======= ======= ======= ======= ======== ======== 21 BOOK VALUE PER SHARE $ 30.06 $ 30.54 $ 31.39 $ 29.40 $ 29.40 $ (0.06) COMMON SHARES OUTSTANDING - DILUTED (THOUSANDS) 22 Average 84,884 84,926 84,797 85,302 84,964 34 23 End of Period 84,789 84,768 84,756 91,255 91,255 6,531
See Glossary of Terms. Page 26 of 31 Last Updated 7/27/2005 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 2002
INCREASE (DECREASE) Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR YEAR-TO-DATE VS PRIOR YTD ------- ------- ------- ------- ------------ ------------ ELECTRIC OPERATING REVENUES (DOLLARS IN MILLIONS) REGULATED ELECTRICITY SEGMENT RETAIL 24 Residential $ 171 $ 226 $ 337 $ 172 $ 906 $ (9) 25 Business 195 251 270 212 928 (24) ------- ------- ------- ------- ------- ------- 26 Total retail 366 477 607 384 1,834 (33) WHOLESALE REVENUE ON DELIVERED ELECTRICITY 27 Traditional contracts 2 1 3 3 9 (64) 28 Off-system sales - - - - - - 29 Transmission for others 6 6 6 12 30 4 30 Other miscellaneous services 4 2 4 7 17 (1) ------- ------- ------- ------- ------- ------- 31 Total regulated electricity 378 486 620 406 1,890 (94) MARKETING AND TRADING SEGMENT 32 Electricity and other commodity sales 62 41 83 101 287 (183) ------- ------- ------- ------- ------- ------- 33 Total operating electric revenues $ 440 $ 527 $ 703 $ 507 $ 2,177 $ (277) ======= ======= ======= ======= ======= ======= ELECTRIC SALES (GWH) REGULATED ELECTRICITY SEGMENT RETAIL SALES 34 Residential 2,141 2,441 3,806 2,056 10,444 109 35 Business 2,771 3,429 3,681 3,036 12,917 (147) ------- ------- ------- ------- ------- ------- 36 Total retail 4,912 5,870 7,487 5,092 23,361 (38) WHOLESALE ELECTRICITY DELIVERED 37 Traditional contracts 71 121 142 140 474 (739) 38 Off-system sales - - - - - - 39 Retail load hedge management 158 230 1,958 296 2,642 (398) ------- ------- ------- ------- ------- ------- 40 Total regulated electricity 5,141 6,221 9,587 5,528 26,477 (1,175) MARKETING AND TRADING SEGMENT 41 Wholesale sales of electricity 4,212 4,443 7,104 7,096 22,855 6,854 ------- ------- ------- ------- ------- ------- 42 Total electric sales 9,353 10,664 16,691 12,624 49,332 5,679 ======= ======= ======= ======= ======= =======
See Glossary of Terms. Page 27 of 31 Last Updated 7/27/2005 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 2002
INCREASE (DECREASE) Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR YEAR-TO-DATE VS PRIOR YTD ------- ------- ------- ------- ------------ ------------ MARKETING AND TRADING SEGMENT PRETAX GROSS MARGIN ANALYSIS (DOLLARS IN MILLIONS) REALIZED AND MARK-TO-MARKET COMPONENTS 43 Electricity and other commodity sales, realized (a) $ 39 $ 25 $ 19 $ 38 $ 121 $ (62) 44 Mark-to-market reversals on realized sales (b) (22) (9) 2 (8) (41) (47) 45 Change in mark-to-market value of forward sales 23 3 23 (1) 52 (76) ------- ------- ------- - ---- ------- ----- 46 Total gross margin $ 40 $ 19 $ 44 $ 29 $ 132 $(185) ======= ======= ======= ======= ======= ===== BY PINNACLE WEST ENTITY 47 Parent company marketing and trading division $ 35 $ 9 $ 32 $ 14 $ 90 $ 12 48 APS 1 - 1 - 2 (233) 49 Pinnacle West Energy - - - 4 4 4 50 APS Energy Services 4 10 11 11 36 32 ------- ------- ------- - ---- ------- ----- 51 Total gross margin $ 40 $ 19 $ 44 $ 29 $ 132 $(185) ======= ======= ======= ======= ======= =====
--------------------- (a) The net effect on pretax gross margin from realization of prior-period mark-to-market included in line 43 and in line 44 is zero. Realization of prior-period mark-to-market relates to cash flow recognition, not earnings recognition. The opposites of amounts included in line 43 are included in line 44. For example, line 44 shows that a prior-period mark-to-market gain of $41 million was transferred to "realized" for the total year 2002. A $41 million realized gain is included in the $121 million on line 43 for total year 2002. (b) Quarterly amounts do not total to the annual amounts because of intra-year mark-to-market eliminations. See Glossary of Terms. Page 28 of 31 Last Updated 7/27/2005 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 2002
INCREASE (DECREASE) Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR YEAR-TO-DATE VS PRIOR YTD ------- ------- ------- ------- ------------ ------------ AVERAGE ELECTRIC CUSTOMERS RETAIL CUSTOMERS 52 Residential 801,000 795,681 798,590 811,930 801,801 25,462 53 Business 99,335 100,096 100,318 101,177 100,228 2,030 ------- ------- ------- ------- ------- ------ 54 Total 900,335 895,777 898,908 913,107 902,029 27,492 55 Wholesale customers 67 67 67 67 67 1 ------- ------- ------- ------- ------- ------ 56 Total customers 900,402 895,844 898,975 913,174 902,096 27,493 ======= ======= ======= ======= ======= ====== 57 Customer Growth (% over prior year) 3.2% 3.2% 3.1% 3.2% 3.1% (0.5)% RETAIL SALES (GWH) - WEATHER NORMALIZED 58 Residential 2,148 2,461 3,746 2,135 10,490 641 59 Business 2,776 3,410 3,696 3,024 12,905 86 ------- ------- ------- ------- ------- ------ 60 Total 4,924 5,871 7,441 5,159 23,395 727 ======= ======= ======= ======= ======= ====== RETAIL USAGE (KWH/AVERAGE CUSTOMER) 61 Residential 2,673 3,068 4,766 2,532 13,025 (287) 62 Business 27,896 34,258 36,691 30,011 129,241 (4,384) RETAIL USAGE - WEATHER NORMALIZED (KWH/AVERAGE CUSTOMER) 63 Residential 2,681 3,093 4,690 2,630 13,083 396 64 Business 27,943 34,065 36,839 29,885 128,754 (1,788) ELECTRICITY DEMAND (MW) 65 System peak demand 3,921 5,425 5,803 3,828 5,803 116
See Glossary of Terms. Page 29 of 31 Last Updated 7/27/2005 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 2002
INCREASE (DECREASE) Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR YEAR-TO-DATE VS PRIOR YTD ------- ------- ------- ------- ------------ ------------ ENERGY SOURCES (GWH) GENERATION PRODUCTION 66 Nuclear 2,257 2,242 2,387 2,095 8,981 596 67 Coal 2,890 2,703 3,280 3,183 12,056 (516) 68 Gas, oil and other 337 659 1,918 1,455 4,369 375 ------- ------- ------- ------- ------- ------- 69 Total 5,484 5,604 7,585 6,733 25,406 455 ------- ------- ------- ------- ------- ------- PURCHASED POWER 70 Firm load 70 846 859 (157) 1,619 (1,342) 71 Marketing and trading 3,993 4,599 8,771 6,340 23,704 6,051 ------- ------- ------- ------- ------- ------- 72 Total 4,063 5,445 9,630 6,183 25,323 4,709 ------- ------- ------- ------- ------- ------- 73 Total energy sources 9,547 11,049 17,215 12,916 50,729 5,164 ======= ======= ======= ======= ======= ======= POWER PLANT PERFORMANCE CAPACITY FACTORS 74 Nuclear 96% 95% 100% 87% 94% 6% 75 Coal 78% 72% 87% 84% 80% (4)% 76 Gas, oil and other 12% 20% 38% 29% 27% (10)% 77 System average 62% 62% 69% 60% 63% (7)% GENERATION CAPACITY OUT OF SERVICE AND REPLACED FOR NATIVE LOAD (AVERAGE MW/DAY) 78 Nuclear 62 66 12 129 67 (60) 79 Coal 184 279 88 116 167 - 80 Gas 12 18 106 54 48 16 81 Total 258 363 206 299 282 (44) 82 Generation Fuel Cost ($/MWh) $ 11.57 $ 11.89 $ 14.84 $ 13.05 $ 13.01 $ (3.21)
See Glossary of Terms. Page 30 of 31 Last Updated 7/27/2005 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 2002
INCREASE (DECREASE) Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR YEAR-TO-DATE VS PRIOR YTD ------- ------- ------- ------- ------------ ------------ ENERGY MARKET INDICATORS (a) ELECTRICITY AVERAGE DAILY SPOT PRICES ($/MWH) ON-PEAK 83 Palo Verde $ 26.86 $ 30.65 $ 35.45 $ 36.18 $ 32.28 $(86.13) 84 SP15 $ 28.46 $ 31.51 $ 35.55 $ 41.35 $ 34.22 $(85.77) OFF-PEAK 85 Palo Verde $ 22.17 $ 14.10 $ 18.21 $ 25.09 $ 19.89 $(41.68) 86 SP15 $ 22.76 $ 15.95 $ 19.54 $ 28.52 $ 21.69 $(51.79) WEATHER INDICATORS ACTUAL 87 Cooling degree-days 89 1,741 2,647 398 4,875 (247) 88 Heating degree-days 472 - - 328 800 (360) 89 Average humidity 28% 16% 27% 38% 27% (9)% 10-YEAR AVERAGES 90 Cooling degree-days 80 1,491 2,540 420 4,531 - 91 Heating degree-days 521 36 - 415 972 - 92 Average humidity 43% 24% 33% 40% 35% 0% ECONOMIC INDICATORS BUILDING PERMITS -- METRO PHOENIX (b) 93 Single-family 7,682 9,666 8,689 8,275 34,312 1,447 94 Multi-family 1,249 2,005 2,662 1,158 7,074 (1,930) ------- ------- ------- ------- ------- ------- 95 Total 8,931 11,671 11,351 9,433 41,386 (483) ======= ======= ======= ======= ======= ======= ARIZONA JOB GROWTH (C) 96 Payroll job growth (% over prior year) (0.8)% (0.2)% (0.1)% 1.1% 0.0% (1.0)% 97 Unemployment rate 6.3% 6.2% 6.1% 6.0% 6.2% 1.5% (%, seasonally adjusted)
-------------------- Sources: (a) This price is an average of daily prices obtained and used with permission from Dow Jones & Company, Inc. (b) Arizona Real Estate Center, Arizona State University W.P. Carey College of Business (c) Arizona Department of Economic Security See Glossary of Terms. Page 31 of 31