XML 130 R67.htm IDEA: XBRL DOCUMENT v2.4.0.6
Long-Term Debt and Liquidity Matters (Details) (USD $)
12 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 3 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Maximum
Dec. 31, 2011
Pinnacle West
Dec. 31, 2010
Pinnacle West
Dec. 31, 2011
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2010
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2011
ARIZONA PUBLIC SERVICE COMPANY
ACC
Dec. 31, 2011
ARIZONA PUBLIC SERVICE COMPANY
ACC
Minimum
Dec. 31, 2011
Pollution Control Bonds - Variable
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2010
Pollution Control Bonds - Variable
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2011
Pollution Control Bonds - Fixed
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2010
Pollution Control Bonds - Fixed
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2011
Pollution control bonds with senior notes
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2010
Pollution control bonds with senior notes
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2011
Total Pollution Control Bonds
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2010
Total Pollution Control Bonds
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2011
Senior unsecured notes
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2010
Senior unsecured notes
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2011
Palo Verde sale leaseback lessor notes
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2010
Palo Verde sale leaseback lessor notes
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2011
Capitalized lease obligations
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2010
Capitalized lease obligations
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2011
Term loan facility
Pinnacle West
Feb. 28, 2011
Term loan facility
Pinnacle West
Feb. 28, 2011
5.91% Senior Notes
Pinnacle West
Dec. 31, 2010
5.91% Senior Notes
Pinnacle West
Dec. 08, 2011
Long term debt
ARIZONA PUBLIC SERVICE COMPANY
Aug. 31, 2011
5.05% unsecured senior notes due 2041
ARIZONA PUBLIC SERVICE COMPANY
Dec. 31, 2011
5.05% unsecured senior notes due 2041
ARIZONA PUBLIC SERVICE COMPANY
Aug. 25, 2011
5.05% unsecured senior notes due 2041
ARIZONA PUBLIC SERVICE COMPANY
Aug. 25, 2011
6.375% senior notes due 2011
ARIZONA PUBLIC SERVICE COMPANY
Sep. 07, 2011
Pollution Control Revenue Refunding Bonds
ARIZONA PUBLIC SERVICE COMPANY
Jan. 31, 2012
4.50% unsecured senior notes that mature on April 1, 2042
ARIZONA PUBLIC SERVICE COMPANY
Jan. 10, 2012
4.50% unsecured senior notes that mature on April 1, 2042
ARIZONA PUBLIC SERVICE COMPANY
Mar. 31, 2012
6.50% senior notes due March 1, 2012
ARIZONA PUBLIC SERVICE COMPANY
Long-Term Debt and Liquidity Matters                                                                        
Long-term debt before deducting unamortized discount       $ 3,504,000,000   $ 3,379,000,000       $ 43,580,000 $ 43,580,000 $ 522,275,000 $ 522,275,000 $ 90,000,000 $ 90,000,000 $ 655,855,000 $ 655,855,000 $ 2,625,000,000 $ 2,725,000,000     $ 1,029,000 $ 2,001,000                          
Palo Verde sale leaseback lessor notes long-term debt excluding current maturities 65,547,000 96,803,000       65,547,000 96,803,000                         96,803,000 126,000,000                              
Unamortized discount           (7,198,000) (6,183,000)                                                          
Long-term debt                                               125,000,000 175,000,000                      
Long-term debt 3,496,000,000 3,678,000,000   125,000,000 175,000,000 3,371,489,000 3,502,673,000                                       175,000,000                  
Long-term debt less current maturities (Note 6) 2,953,507,000 2,948,991,000       2,828,507,000 2,948,991,000                                                          
Less current maturities 477,435,000 631,879,000     175,000,000 477,435,000 456,879,000                                                          
Interest rate (as a percent)                           5.05% 5.05%         8.00% 8.00%           5.91%     5.05% 5.05% 6.375%     4.50% 6.50%
Total long-term debt less current maturities 3,019,054,000 3,045,794,000   125,000,000   2,894,054,000 3,045,794,000                                                          
Interest Rates, low end of range (as a percent)                       2.875% 2.875%         4.65% 4.65%                                  
Interest Rates, high end of range (as a percent)                       6.00% 6.00%         8.75% 8.75%                                  
Weighted-average interest rate (as a percent)                   0.09% 0.32%                     5.27% 5.29% 1.794%                        
Estimated fair value of long-term debt, including current maturities                                                                        
Carrying Amount 3,496,000,000 3,678,000,000   125,000,000 175,000,000 3,371,489,000 3,502,673,000                                       175,000,000                  
Fair Value 3,926,000,000 3,913,000,000   123,000,000 176,000,000 3,803,000,000 3,737,000,000                                                          
Repayment of debt                                               50,000,000   175,000,000                   375,000,000
Notes issued                                                         300,000,000         325,000,000    
Aggregate principal amount                                                               400,000,000 27,000,000      
Extended amount of letter of credit                                                       17,000,000                
Debt Provisions                                                                        
Actual ratio of consolidated debt to total consolidated capitalization required to be maintained as per the debt covenant (as a percent)       47.00%   46.00%                                                            
Ratio of consolidated debt to consolidated capitalization (as a percent)     65.00%                                                                  
Required common equity ratio ordered by ACC (as a percent)                 40.00%                                                      
Total shareholder equity 3,821,850,000 3,683,327,000   3,821,850,000 3,683,327,000 3,943,007,000 3,824,953,000 3,900,000,000                                                        
Total capitalization               7,200,000,000                                                        
Dividend restrictions, shareholder equity required                 $ 2,900,000,000