EX-99.5 7 ex99-5.txt CONSOLIDATED STATS BY QTR FOR 2000 Exhibit 99.5 Last Updated 2/3/2003 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 2000
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR ---- ------- ------- ------- ------- ---------- EARNINGS CONTRIBUTION BY SUBSIDIARY ($ MILLIONS) 1 Arizona Public Service $ 33 $ 96 $ 124 $ 54 $ 307 2 Pinnacle West Energy -- (1) -- (1) (2) 3 APS Energy Services (2) (2) -- (9) (13) 4 SunCor 5 1 2 3 11 5 El Dorado 19 (3) (9) (5) 2 6 Parent Company (1) (1) (1) -- (3) -------- -------- ---------- -------- -------- 7 Income Before Accounting Change 54 90 116 42 302 8 Cumulative Effect of Change in Accounting - Net of Tax -- -- -- -- -- -------- -------- ---------- -------- -------- 9 Net Income $ 54 $ 90 $ 116 $ 42 $ 302 ======== ======== ========== ======== ======== EARNINGS PER SHARE BY SUBSIDIARY - DILUTED 10 Arizona Public Service $ 0.39 $ 1.13 $ 1.46 $ 0.63 $ 3.61 11 Pinnacle West Energy -- (0.01) (0.01) (0.01) (0.03) 12 APS Energy Services (0.02) (0.03) -- (0.11) (0.16) 13 SunCor 0.06 0.01 0.03 0.04 0.14 14 El Dorado 0.22 (0.04) (0.10) (0.06) 0.02 15 Parent Company (0.01) -- (0.01) -- (0.02) -------- -------- ---------- -------- -------- 16 Income Before Accounting Change 0.64 1.06 1.37 0.49 3.56 17 Cumulative Effect of Change in Accounting - Net of Tax -- -- -- -- -- -------- -------- ---------- -------- -------- 18 Net Income $ 0.64 $ 1.06 $ 1.37 $ 0.49 $ 3.56 ======== ======== ========== ======== ======== 19 BOOK VALUE PER SHARE $ 26.29 $ 27.00 $ 28.01 $ 28.09 $ 28.09 COMMON SHARES OUTSTANDING - DILUTED (THOUSANDS) 20 Average 84,834 84,891 85,012 85,015 84,935 21 End of Period 84,723 84,727 84,779 84,715 84,715
See Glossary of Terms Last Updated 2/3/2003 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 2000
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR ---- -------- -------- -------- -------- ---------- ELECTRIC OPERATING REVENUES (DOLLARS IN MILLIONS) Retail 22 Residential $ 157 $ 228 $ 324 $ 172 $ 881 23 Business 196 253 275 211 935 -------- -------- -------- -------- -------- 24 Total retail 353 481 599 383 1,816 -------- -------- -------- -------- -------- Wholesale revenue on delivered electricity 25 Traditional contracts 12 18 75 16 121 26 Retail load hedge management 7 36 472 46 561 Marketing and trading -- delivered 27 Generation sales other than native load 9 13 14 80 116 28 Realized margins on electricity trading 3 11 32 10 56 29 Other delivered electricity (a) 22 55 59 106 242 -------- -------- -------- -------- -------- 30 Total delivered marketing and trading 34 79 105 196 414 -------- -------- -------- -------- -------- 31 Total delivered wholesale electricity 53 133 652 258 1,096 -------- -------- -------- -------- -------- Other marketing and trading 32 Realized margins on delivered commodities other than electricity (a) (5) 1 (4) (1) (9) 33 Prior period mark-to-market (gains) losses on contracts delivered during current period (a) -- -- (17) (2) (2) 34 Change in mark-to-market for future-period deliveries 7 25 10 (11) 14 -------- -------- -------- -------- -------- 35 Total other marketing and trading 2 26 (11) (14) 3 -------- -------- -------- -------- -------- 36 Transmission for others 3 4 4 4 15 37 Other miscellaneous services 4 8 8 7 27 -------- -------- -------- -------- -------- 38 Total electric operating revenues $ 415 $ 652 $ 1,252 $ 638 $ 2,957 ======== ======== ======== ======== ======== ELECTRIC SALES (GWH) Retail sales 39 Residential 1,877 2,370 3,506 2,028 9,781 40 Business 2,736 3,379 3,674 2,965 12,754 -------- -------- -------- -------- -------- 41 Total retail 4,613 5,749 7,180 4,993 22,535 -------- -------- -------- -------- -------- Wholesale electricity delivered 42 Traditional contracts 331 391 537 351 1,610 43 Retail load hedge management 232 585 5,155 702 6,674 Marketing and trading -- delivered 44 Generation sales other than native load 396 215 163 720 1,494 45 Electricity trading 1,294 1,803 4,073 2,089 9,259 46 Other delivered electricity 735 601 665 960 2,960 -------- -------- -------- -------- -------- 47 Total delivered marketing and trading 2,425 2,619 4,901 3,769 13,713 -------- -------- -------- -------- -------- 48 Total delivered wholesale electricity 2,988 3,595 10,593 4,822 21,997 -------- -------- -------- -------- -------- 49 Total electric sales 7,601 9,344 17,773 9,815 44,532 ======== ======== ======== ======== ========
---------- (a) The net effect on net electric operating revenues from realization of prior-period mark-to-market included in line 38 is zero. Realization of prior-period mark-to-market relates to cash flow recognition, not revenue recognition. The arithmetic opposites of amounts included in line 33 are included in lines 29 and 32. For example, line 33 shows that a prior-period mark-to-market gain of $2 million was transferred to "realized" for the total year 2000. Lines 29 and 32 include amounts totaling $2 million of realized revenues for the year 2000. See Glossary of Terms Last Updated 2/3/2003 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 2000
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR ---- ------- ------- ------- ------- ---------- MARKETING AND TRADING SEGMENT PRETAX GROSS MARGIN ANALYSIS (DOLLARS IN MILLIONS) REALIZED AND MARK-TO-MARKET COMPONENTS Current Period Effects Realized margin on delivered commodities Electricity 50 Generation sales other than native load $ 2 $ 6 $ 7 $ 39 $ 54 51 Other electricity marketing and trading (a) 3 28 33 5 69 ----- ----- ----- ----- ----- 52 Total electricity 5 34 40 44 123 53 Other commodities (a) (5) 1 (4) (1) (9) ----- ----- ----- ----- ----- 54 Total realized margin -- 35 36 43 114 ----- ----- ----- ----- ----- Prior-period mark-to-market (gains) losses on contracts delivered during current period (b) 55 Electricity (a) -- -- (18) (2) (2) 56 Other commodities (a) -- -- 1 -- -- Charge related to trading activities with Enron 57 and its affiliates -- -- -- -- -- ----- ----- ----- ----- ----- 58 Subtotal -- -- (17) (2) (2) ----- ----- ----- ----- ----- 59 Total current period effects (b) -- 35 19 41 112 ----- ----- ----- ----- ----- Change in mark-to-market gains (losses) for future period deliveries (b) 61 Electricity 2 27 6 (10) 7 62 Other commodities 5 (2) 4 (1) 7 ----- ----- ----- ----- ----- 63 Total future period effects 7 25 10 (11) 14 ----- ----- ----- ----- ----- 64 Total gross margin $ 7 $ 60 $ 29 $ 30 $ 126 ===== ===== ===== ===== =====
---------- (a) The net effect on pretax gross margin from realization of prior-period mark-to-market included in line 59 and in line 63 is zero. Realization of prior-period mark-to-market relates to cash flow recognition, not earnings recognition. The arithmetic opposites of amounts included in line 55 are included in line 51. The opposites of amounts included in line 56 are included in line 53. For example, line 55 shows that a prior-period mark-to-market gain of $2 million was transferred to "realized" for the total year 2000. A $2 million realized gain is included in the $69 million on line 51 for the total year 2000. (b) Quarterly amounts do not total to the annual amounts because of intra-year mark-to-market eliminations. See Glossary of Terms Last Updated 2/3/2003 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 2000
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR ---- ------- ------- ------- ------- ---------- MARKETING AND TRADING SEGMENT PRETAX GROSS MARGIN ANALYSIS (CONTINUED) (DOLLARS IN MILLIONS) BY COMMODITY SOLD OR TRADED 65 Electricity 7 61 28 31 127 66 Natural gas -- (1) 3 4 6 67 Coal -- -- (2) -- (2) 68 Emission allowances -- -- -- (5) (5) 69 Other -- -- -- -- -- ----- ----- ----- ----- ----- 70 Total gross margin $ 7 $ 60 $ 29 $ 30 $ 126 ===== ===== ===== ===== ===== BY PINNACLE WEST ENTITY Parent company marketing and trading division 71 Generation sales other than native load $ -- $ -- $ -- $ -- $ -- 72 Other marketing and trading -- -- -- (2) (2) APS 73 Generation sales other than native load 2 6 7 39 54 74 Other marketing and trading 5 54 22 (7) 74 Pinnacle West Energy 75 Generation sales other than native load -- -- -- -- -- 76 Other marketing and trading -- -- -- -- -- APS ES 77 Other marketing and trading -- -- -- -- -- ----- ----- ----- ----- ----- 78 Total gross margin before income taxes $ 7 $ 60 $ 29 $ 30 $ 126 ===== ===== ===== ===== =====
See Glossary of Terms Last Updated 2/3/2003 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 2000
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR ---- ------- ------- ------- ------- ---------- AVERAGE ELECTRIC CUSTOMERS Retail customers 79 Residential 746,528 742,485 746,742 761,386 749,285 80 Business 92,667 93,343 94,479 96,024 94,128 ------- ------- ------- ------- ------- 81 Total 839,195 835,828 841,221 857,410 843,413 82 Wholesale customers 67 67 67 67 67 ------- ------- ------- ------- ------- 83 Total customers 839,262 835,895 841,288 857,477 843,480 ======= ======= ======= ======= ======= 84 Customer Growth (% over prior year) 4.0% 4.1% 4.1% 4.2% 4.1% RETAIL SALES (GWH) - WEATHER NORMALIZED 85 Residential 1,933 2,218 3,393 1,926 9,470 86 Business 2,736 3,276 3,626 3,005 12,643 ------- ------- ------- ------- ------- 87 Total 4,669 5,494 7,019 4,931 22,113 ======= ======= ======= ======= ======= RETAIL USAGE (KWH/AVERAGE CUSTOMER) 88 Residential 2,514 3,192 4,695 2,664 13,054 89 Business 29,525 36,200 38,887 30,878 135,496 RETAIL USAGE - WEATHER NORMALIZED (KWH/AVERAGE CUSTOMER) 90 Residential 2,589 2,987 4,544 2,530 12,639 91 Business 29,525 35,096 38,379 31,294 134,317 ELECTRICITY DEMAND (MW) 92 System peak demand 3,315 5,095 5,478 4,331 5,478
See Glossary of Terms Last Updated 2/3/2003 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 2000
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR ---- ------- ------- ------- ------- ---------- ENERGY SOURCES (GWH) Generation production 93 Nuclear 2,325 2,090 2,348 2,078 8,841 94 Coal 2,828 3,163 3,343 3,175 12,509 95 Gas, oil and other 323 526 1,046 889 2,784 ------ ------ ------ ------ ------ 96 Total 5,476 5,779 6,737 6,142 24,134 ------ ------ ------ ------ ------ Purchased power 97 Firm load 51 819 1,550 95 2,515 98 Marketing and trading 2,261 2,989 9,893 3,750 18,893 ------ ------ ------ ------ ------ 99 Total 2,312 3,808 11,443 3,845 21,408 ------ ------ ------ ------ ------ 100 Total energy sources 7,788 9,587 18,180 9,987 45,542 ====== ====== ====== ====== ====== POWER PLANT PERFORMANCE Capacity Factors 101 Nuclear 98% 88% 98% 87% 93% 102 Coal 76% 85% 88% 84% 83% 103 Gas, oil and other 13% 21% 40% 34% 27% 104 System average 63% 67% 77% 70% 69% Generation Capacity Out of Service and Replaced for Native Load (average MW/day) 105 Nuclear 27 129 21 143 80 106 Coal 223 124 85 187 155 107 Gas 8 43 16 20 22 108 Total 258 296 122 350 257 109 Generation Fuel Cost ($/MWh) $10.65 $12.69 $14.77 $16.28 $13.72
See Glossary of Terms Last Updated 2/3/2003 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 2000
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR ---- ------- ------- ------- ------- ---------- ENERGY MARKET INDICATORS (a) Electricity Average Daily Spot Prices ($/MWh) On-Peak 110 Palo Verde $30.52 $90.49 $170.40 $154.33 $111.44 111 SP15 $31.40 $82.67 $152.74 $162.59 $107.35 Off-Peak 112 Palo Verde $22.97 $31.91 $61.48 $ 95.72 $ 53.02 113 SP15 $24.52 $32.45 $66.28 $119.72 $ 60.74 WEATHER INDICATORS Actual 114 Cooling degree-days 71 1,712 2,547 253 4,583 115 Heating degree-days 459 9 -- 500 968 116 Average humidity 37% 23% 29% 46% 34% 10-Year Averages 117 Cooling degree-days 71 1,458 2,454 398 4,381 118 Heating degree-days 556 35 -- 435 1,026 119 Average humidity 45% 25% 34% 40% 36% ECONOMIC INDICATORS Building Permits -- Metro Phoenix (b) 120 Single-family 8,163 9,605 8,331 6,410 32,509 121 Multi-family 3,208 2,651 2,417 1,952 10,228 ------ ------ ------ ------ ------ 122 Total 11,371 12,256 10,748 8,362 42,737 ====== ====== ====== ====== ====== Arizona Job Growth (c) 123 Payroll job growth (% over prior year) 4.4% 4.0% 3.9% 3.4% 3.9% 124 Unemployment rate (%, seasonally adjusted) 4.1% 3.9% 3.8% 3.7% 3.9%
---------- Sources: (a) This price is an average of daily prices obtained and used with permission from Dow Jones & Company, Inc. (b) Arizona Real Estate Center, Arizona State University College of Business (c) Arizona Department of Economic Security See Glossary of Terms