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Long-Term Debt and Liquidity Matters (Tables)
9 Months Ended
Sep. 30, 2012
Long-Term Debt and Liquidity Matters  
Schedule of estimated fair value of long-term debt, including current maturities

The following table represents the estimated fair value of our long-term debt, including current maturities (dollars in millions):

 

 

 

As of
September 30, 2012

 

As of
December 31, 2011

 

 

 

Carrying
Amount

 

Fair Value

 

Carrying
Amount

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

Pinnacle West

 

$

125

 

$

125

 

$

125

 

$

123

 

APS

 

3,304

 

3,817

 

3,371

 

3,803

 

Total

 

$

3,429

 

$

3,942

 

$

3,496

 

$

3,926