Other Income and Other Expense (APSC)

12 Months Ended

Dec. 31, 2011

Other Income and Other Expense

19.          Other Income and Other Expense

The following table provides detail of other income and other expense for 2011, 2010 and 2009 (dollars in thousands):

	2011			2010			2009
Other income:
Interest income	$	1,850		$	3,255		$	1,503
Investment gains — net	1,165			2,797			2,512
Miscellaneous	96			335			1,144
Total other income	$	3,111		$	6,387		$	5,159
Other expense:
Non-operating costs	$	(7,037	)	$	(6,831	)	$	(6,675	)
Miscellaneous	(3,414		)	(3,090		)	(7,625		)
Total other expense	$	(10,451	)	$	(9,921	)	$	(14,300	)

ARIZONA PUBLIC SERVICE COMPANY

Other Income and Other Expense

S-3.         Other Income and Other Expense

The following table provides detail of APS’s other income and other expense for 2011, 2010 and 2009 (dollars in thousands):

	2011			2010			2009
Other income:
Interest income	$	406		$	668		$	502
SO2 emission allowance sales and other (a)	—			—			1,439
Investment gains — net	1,418			2,334			6,673
Miscellaneous	3,247			5,954			2,194
Total other income	$	5,071		$	8,956		$	10,808
Other expense:
Non-operating costs (a)	$	(8,810	)	$	(9,855	)	$	(7,368	)
Asset dispositions	(1,352		)	(612		)	(656		)
Miscellaneous	(5,166		)	(5,392		)	(9,977		)
Total other expense	$	(15,328	)	$	(15,859	)	$	(18,001	)

(a)As defined by the FERC, includes below-the-line non-operating utility income and expense (items excluded from utility rate recovery).