Lines of Credit and Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2014

Lines of Credit and Short-Term Borrowings

Schedule of consolidated credit facilities and amounts available and outstanding

The table below presents the consolidated credit facilities and the amounts available and outstanding as of December 31, 2014 (dollars in millions):

Credit Facility	Expiration	Amount Committed		Unused Amount (a)		Commitment Fees
Pinnacle West Revolving Credit Facility	May 2019	$	200	$	200	0.175	%
APS Revolving Credit Facility	May 2019	500		500		0.125	%
APS Revolving Credit Facility	April 2018	500		353		0.125	%
Total		$	1,200	$	1,053

(a) At December 31, 2014, APS had $147 million of outstanding commercial paper.  Accordingly, at such date, the total combined amount available under its two$500 million credit facilities was $853 million.

The table below presents the consolidated credit facilities and the amounts available and outstanding as of December 31, 2013 (dollars in millions):

Credit Facility	Expiration	Amount Committed		Unused Amount (a)		Commitment Fees
Pinnacle West Revolving Credit Facility	November 2016	$	200	$	200	0.175	%
APS Revolving Credit Facility	November 2016	500		347		0.125	%
APS Revolving Credit Facility	April 2018	500		500		0.125	%
Total		$	1,200	$	1,047

(a) At December 31, 2013, APS had $153 million of outstanding commercial paper.  Accordingly, at such date the total combined amount available under its two$500 million credit facilities was $847 million.