Other Income and Other Expense (APSC)

3 Months Ended

Mar. 31, 2012

Other Income and Other Expense

11.          Other Income and Other Expense

The following table provides detail of other income and other expense for the three months ended March 31, 2012 and 2011 (dollars in thousands):

	Three Months Ended March 31,
	2012			2011
Other income:
Interest income	$	605		$	391
Investment gains — net	—			1,293
Miscellaneous	155			6
Total other income	$	760		$	1,690
Other expense:
Non-operating costs	$	(1,850	)	$	(1,487	)
Investment losses — net	(53		)	—
Miscellaneous	(2,165		)	(254		)
Total other expense	$	(4,068	)	$	(1,741	)

ARIZONA PUBLIC SERVICE COMPANY

Other Income and Other Expense

S-2.         Other Income and Other Expense

The following table provides detail of APS’s other income and other expense for the three months ended March 31, 2012 and 2011 (dollars in thousands):

	Three Months Ended March 31,
	2012			2011
Other income:
Interest income	$	107		$	130
Investment gains — net	—			1,150
Miscellaneous	403			698
Total other income	$	510		$	1,978
Other expense:
Non-operating costs (a)	$	(1,741	)	$	(1,899	)
Asset dispositions	(223		)	(728		)
Miscellaneous	(2,660		)	(965		)
Total other expense	$	(4,624	)	$	(3,592	)

(a)As defined by the FERC, includes below-the-line non-operating utility income and expense (items excluded from utility rate recovery).