| | ||||||||||||
Title of Each Class of Securities Offered
|
| |
Maximum Aggregate
Offering Price |
| |
Amount of
Registration Fee (1) |
| ||||||
2.20% Notes due 2031
|
| | | $ | 449,923,500 | | | | | $ | 49,087 | | |
| | |
Per Note
|
| |
Total
|
| ||||||
Initial public offering price(1)
|
| | | | 99.983% | | | | | $ | 449,923,500 | | |
Underwriting discount
|
| | | | 0.650% | | | | | $ | 2,925,000 | | |
Proceeds, before expenses, to Arizona Public Service Company
|
| | | | 99.333% | | | | | $ | 446,998,500 | | |
|
BNP PARIBAS
|
| |
J.P. Morgan
|
| |
MUFG
|
| |
Truist Securities
|
|
|
BMO Capital Markets
|
| |
BNY Mellon
Capital Markets, LLC |
| |
TD Securities
|
| |
Ramirez & Co.,
Inc. |
|
| | |
Page
|
| |||
Prospectus Supplement
|
| ||||||
| | | | ii | | | |
| | | | S-1 | | | |
| | | | S-5 | | | |
| | | | S-5 | | | |
| | | | S-5 | | | |
| | | | S-7 | | | |
| | | | S-8 | | | |
| | | | S-12 | | | |
| | | | S-16 | | | |
| | | | S-21 | | | |
| | | | S-21 | | |
| | |
Page
|
| |||
Prospectus
|
| ||||||
| | | | 1 | | | |
| | | | 2 | | | |
| | | | 2 | | | |
| | | | 2 | | | |
| | | | 4 | | | |
| | | | 4 | | | |
| | | | 4 | | | |
| | | | 5 | | | |
| | | | 13 | | | |
| | | | 16 | | | |
| | | | 20 | | | |
| | | | 20 | | | |
| | | | 27 | | | |
| | | | 27 | | |
(All dollar figures in thousands, except footnotes)
|
| |
Six Months Ended
June 30, |
| |
Year Ended December 31,
|
| ||||||||||||||||||||||||
|
2021
|
| |
2020
|
| |
2020
|
| |
2019
|
| |
2018
|
| |||||||||||||||||
Operating Revenues
|
| | | $ | 1,696,724 | | | | | $ | 1,591,520 | | | | | $ | 3,586,982 | | | | | $ | 3,471,209 | | | | | $ | 3,688,342 | | |
Net Income Attributable to Common Shareholder
|
| | | $ | 255,035 | | | | | $ | 232,463 | | | | | $ | 568,028 | | | | | $ | 565,271 | | | | | $ | 570,265 | | |
| | |
As of June 30, 2021(1)
|
| |||
Long-term Debt(2)
|
| | | $ | 5,819,198 | | |
Total Equity(3)
|
| | | | 6,412,290 | | |
Total Capitalization
|
| | | $ | 12,231,488 | | |
Underwriters
|
| |
Principal Amount
of Notes |
| |||
BNP Paribas Securities Corp.
|
| | | $ | 81,000,000 | | |
J.P. Morgan Securities LLC
|
| | | | 81,000,000 | | |
MUFG Securities Americas Inc.
|
| | | | 81,000,000 | | |
Truist Securities, Inc.
|
| | | | 81,000,000 | | |
BMO Capital Markets Corp.
|
| | | | 40,500,000 | | |
BNY Mellon Capital Markets, LLC
|
| | | | 40,500,000 | | |
TD Securities (USA) LLC
|
| | | | 40,500,000 | | |
Samuel A. Ramirez & Company, Inc.
|
| | | | 4,500,000 | | |
Total
|
| | | $ | 450,000,000 | | |
| | |
Paid by Arizona Public
Service Company |
| |||
Per Note
|
| | | | 0.650% | | |
| | |
Page
|
| |||
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| | | | 2 | | | |
| | | | 2 | | | |
| | | | 2 | | | |
| | | | 4 | | | |
| | | | 4 | | | |
| | | | 4 | | | |
| | | | 5 | | | |
| | | | 13 | | | |
| | | | 16 | | | |
| | | | 20 | | | |
| | | | 20 | | | |
| | | | 27 | | | |
| | | | 27 | | |
|
Pinnacle West Capital Corporation
Office of the Secretary Station 8602 P.O. Box 53999 Phoenix, Arizona 85072-3999 (602) 250-4400 |
| |
Arizona Public Service Company
Office of the Secretary Station 8602 P.O. Box 53999 Phoenix, Arizona 85072-3999 (602) 250-4400 |
|
|
BNP PARIBAS
|
| |
J.P. Morgan
|
| |
MUFG
|
| |
Truist Securities
|
|
|
BMO Capital Markets
|
| |
BNY Mellon Capital
Markets, LLC |
| |
TD Securities
|
| |
Ramirez & Co., Inc.
|
|
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