Other Income and Other Expense

9 Months Ended

Sep. 30, 2019

Other Income and Expenses [Abstract]

Other Income and Other Expense

Other Income and Other Expense

The following table provides detail of Pinnacle West's Consolidated other income and other expense for the three and nine months ended September 30, 2019 and 2018 (dollars in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Other income:
Interest income	$	2,694		$	1,957		$	7,695		$	6,256
Debt return on Four Corners SCR (Note 4)	4,920			4,910			14,651			11,190
Debt return on Ocotillo modernization project (Note 4)	7,555			—			12,849			—
Miscellaneous	22			91			50			95
Total other income	$	15,191		$	6,958		$	35,245		$	17,541
Other expense:
Non-operating costs	$	(2,647	)	$	(2,480	)	$	(8,832	)	$	(7,404	)
Investment losses — net	(716		)	—			(1,445		)	(268		)
Miscellaneous	(2,377		)	(2,583		)	(4,171		)	(4,391		)
Total other expense	$	(5,740	)	$	(5,063	)	$	(14,448	)	$	(12,063	)

The following table provides detail of APS’s other income and other expense for the three and nine months ended September 30, 2019 and 2018 (dollars in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Other income:
Interest income	$	2,037		$	1,151		$	5,091		$	4,874
Debt return on Four Corners SCR (Note 4)	4,920			4,910			14,651			11,190
Debt return on Ocotillo modernization project (Note 4)	7,555			—			12,849			—
Miscellaneous	22			92			50			96
Total other income	$	14,534		$	6,153		$	32,641		$	16,160
Other expense:
Non-operating costs	$	(2,448	)	$	(2,334	)	$	(7,965	)	$	(6,931	)
Miscellaneous	(378		)	(1,027		)	(2,167		)	(2,748		)
Total other expense	$	(2,826	)	$	(3,361	)	$	(10,132	)	$	(9,679	)