XML 69 R60.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value Measurements - Significant Unobservable Inputs Used to Value Level 3 Instruments (Details 2) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Information regarding the entity's internally developed significant unobservable inputs used to value its level 3 instruments    
Assets $ 33us-gaap_AssetsFairValueDisclosure $ 33us-gaap_AssetsFairValueDisclosure
Liabilities 82us-gaap_LiabilitiesFairValueDisclosure 74us-gaap_LiabilitiesFairValueDisclosure
Electricity forward contracts    
Information regarding the entity's internally developed significant unobservable inputs used to value its level 3 instruments    
Assets 31us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_ElectricityContractsMember
30us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_ElectricityContractsMember
Liabilities 60us-gaap_LiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_ElectricityContractsMember
56us-gaap_LiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_ElectricityContractsMember
Electricity forward contracts | Minimum | Discounted cash flows    
Information regarding the entity's internally developed significant unobservable inputs used to value its level 3 instruments    
Electricity forward price (per MWh) 18.88pnw_FairValueInputsElectricityForwardPricePerMegawattHours
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_ElectricityContractsMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ValuationTechniqueAxis
= us-gaap_MarketApproachValuationTechniqueMember
19.51pnw_FairValueInputsElectricityForwardPricePerMegawattHours
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_ElectricityContractsMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ValuationTechniqueAxis
= us-gaap_MarketApproachValuationTechniqueMember
Electricity forward contracts | Maximum | Discounted cash flows    
Information regarding the entity's internally developed significant unobservable inputs used to value its level 3 instruments    
Electricity forward price (per MWh) 46.54pnw_FairValueInputsElectricityForwardPricePerMegawattHours
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_ElectricityContractsMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= us-gaap_MarketApproachValuationTechniqueMember
56.72pnw_FairValueInputsElectricityForwardPricePerMegawattHours
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_ElectricityContractsMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= us-gaap_MarketApproachValuationTechniqueMember
Electricity forward contracts | Weighted Average | Discounted cash flows    
Information regarding the entity's internally developed significant unobservable inputs used to value its level 3 instruments    
Electricity forward price (per MWh) 30.49pnw_FairValueInputsElectricityForwardPricePerMegawattHours
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_ElectricityContractsMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
/ us-gaap_ValuationTechniqueAxis
= us-gaap_MarketApproachValuationTechniqueMember
35.27pnw_FairValueInputsElectricityForwardPricePerMegawattHours
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_ElectricityContractsMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
/ us-gaap_ValuationTechniqueAxis
= us-gaap_MarketApproachValuationTechniqueMember
Option Contracts    
Information regarding the entity's internally developed significant unobservable inputs used to value its level 3 instruments    
Assets 0us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
0us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
Liabilities 15us-gaap_LiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
15us-gaap_LiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
Option Contracts | Minimum | Option model    
Information regarding the entity's internally developed significant unobservable inputs used to value its level 3 instruments    
Electricity forward price (per MWh) 30.24pnw_FairValueInputsElectricityForwardPricePerMegawattHours
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
32.14pnw_FairValueInputsElectricityForwardPricePerMegawattHours
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
Natural gas forward price (per MMbtu) 2.35pnw_FairValueInputsGasForwardPricePerMetricMillionBritishThermalUnits
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
3.18pnw_FairValueInputsGasForwardPricePerMetricMillionBritishThermalUnits
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
Electricity price volatilities (as a percent) 27.00%pnw_FairValueInputsImpliedElectricityVolatilities
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
23.00%pnw_FairValueInputsImpliedElectricityVolatilities
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
Natural gas price volatilities (as a percent) 26.00%pnw_FairValueInputsImpliedGasPriceVolatilities
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
23.00%pnw_FairValueInputsImpliedGasPriceVolatilities
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
Option Contracts | Maximum | Option model    
Information regarding the entity's internally developed significant unobservable inputs used to value its level 3 instruments    
Electricity forward price (per MWh) 60.45pnw_FairValueInputsElectricityForwardPricePerMegawattHours
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
66.09pnw_FairValueInputsElectricityForwardPricePerMegawattHours
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
Natural gas forward price (per MMbtu) 2.88pnw_FairValueInputsGasForwardPricePerMetricMillionBritishThermalUnits
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
3.29pnw_FairValueInputsGasForwardPricePerMetricMillionBritishThermalUnits
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
Electricity price volatilities (as a percent) 86.00%pnw_FairValueInputsImpliedElectricityVolatilities
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
63.00%pnw_FairValueInputsImpliedElectricityVolatilities
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
Natural gas price volatilities (as a percent) 43.00%pnw_FairValueInputsImpliedGasPriceVolatilities
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
41.00%pnw_FairValueInputsImpliedGasPriceVolatilities
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
Option Contracts | Weighted Average | Option model    
Information regarding the entity's internally developed significant unobservable inputs used to value its level 3 instruments    
Electricity forward price (per MWh) 41.81pnw_FairValueInputsElectricityForwardPricePerMegawattHours
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
45.83pnw_FairValueInputsElectricityForwardPricePerMegawattHours
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
Natural gas forward price (per MMbtu) 2.83pnw_FairValueInputsGasForwardPricePerMetricMillionBritishThermalUnits
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
3.25pnw_FairValueInputsGasForwardPricePerMetricMillionBritishThermalUnits
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
Electricity price volatilities (as a percent) 54.00%pnw_FairValueInputsImpliedElectricityVolatilities
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
41.00%pnw_FairValueInputsImpliedElectricityVolatilities
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
Natural gas price volatilities (as a percent) 32.00%pnw_FairValueInputsImpliedGasPriceVolatilities
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
31.00%pnw_FairValueInputsImpliedGasPriceVolatilities
/ us-gaap_FairValueByLiabilityClassAxis
= us-gaap_CommodityOptionMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
/ us-gaap_ValuationTechniqueAxis
= pnw_OptionModelValuationTechniqueMember
Natural gas forward contracts    
Information regarding the entity's internally developed significant unobservable inputs used to value its level 3 instruments    
Assets 2us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_NaturalGasContractsMember
3us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_NaturalGasContractsMember
Liabilities $ 7us-gaap_LiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_NaturalGasContractsMember
$ 3us-gaap_LiabilitiesFairValueDisclosure
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_NaturalGasContractsMember
Natural gas forward contracts | Minimum | Discounted cash flows    
Information regarding the entity's internally developed significant unobservable inputs used to value its level 3 instruments    
Natural gas forward price (per MMbtu) 2.30pnw_FairValueInputsGasForwardPricePerMetricMillionBritishThermalUnits
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_NaturalGasContractsMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ValuationTechniqueAxis
= us-gaap_MarketApproachValuationTechniqueMember
2.98pnw_FairValueInputsGasForwardPricePerMetricMillionBritishThermalUnits
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_NaturalGasContractsMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ValuationTechniqueAxis
= us-gaap_MarketApproachValuationTechniqueMember
Natural gas forward contracts | Maximum | Discounted cash flows    
Information regarding the entity's internally developed significant unobservable inputs used to value its level 3 instruments    
Natural gas forward price (per MMbtu) 3.59pnw_FairValueInputsGasForwardPricePerMetricMillionBritishThermalUnits
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_NaturalGasContractsMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= us-gaap_MarketApproachValuationTechniqueMember
4.13pnw_FairValueInputsGasForwardPricePerMetricMillionBritishThermalUnits
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_NaturalGasContractsMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ValuationTechniqueAxis
= us-gaap_MarketApproachValuationTechniqueMember
Natural gas forward contracts | Weighted Average | Discounted cash flows    
Information regarding the entity's internally developed significant unobservable inputs used to value its level 3 instruments    
Natural gas forward price (per MMbtu) 3.01pnw_FairValueInputsGasForwardPricePerMetricMillionBritishThermalUnits
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_NaturalGasContractsMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
/ us-gaap_ValuationTechniqueAxis
= us-gaap_MarketApproachValuationTechniqueMember
3.45pnw_FairValueInputsGasForwardPricePerMetricMillionBritishThermalUnits
/ us-gaap_FairValueByLiabilityClassAxis
= pnw_NaturalGasContractsMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
/ us-gaap_ValuationTechniqueAxis
= us-gaap_MarketApproachValuationTechniqueMember