CONDENSED CONSOLIDATED STATEMENTS OF INCOME (APSC) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
OPERATING EXPENSES
Fuel and purchased power	$ 216,309	$ 212,007
Operations and maintenance	210,663	255,029
Depreciation and amortization	100,109	106,583
Taxes other than income taxes	42,475	37,624
Total	572,624	613,063
OPERATING INCOME	48,007	35,784
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	4,756	5,395
Other income (Note S-2)	760	1,690
Other expense (Note S-2)	(4,068)	(1,741)
Total	1,448	5,344
INTEREST EXPENSE
Allowance for borrowed funds used during construction	(3,151)	(3,576)
Total	53,816	57,501
NET INCOME (LOSS)	(481)	(9,674)
Less: Net income attributable to noncontrolling interests (Note 7)	7,776	5,461
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	(8,257)	(15,135)
ARIZONA PUBLIC SERVICE COMPANY
ELECTRIC OPERATING REVENUES	620,248	647,994
OPERATING EXPENSES
Fuel and purchased power	216,309	212,007
Operations and maintenance	208,447	252,607
Depreciation and amortization	100,085	106,559
Income taxes	(814)	(6,003)
Taxes other than income taxes	42,226	37,250
Total	566,253	602,420
OPERATING INCOME	53,995	45,574
OTHER INCOME (DEDUCTIONS)
Income taxes	1,706	(1,340)
Allowance for equity funds used during construction	4,756	5,395
Other income (Note S-2)	510	1,978
Other expense (Note S-2)	(4,624)	(3,592)
Total	2,348	2,441
INTEREST EXPENSE
Interest on long-term debt	52,737	54,737
Interest on short-term borrowings	2,035	2,308
Debt discount, premium and expense	1,060	1,157
Allowance for borrowed funds used during construction	(3,151)	(3,576)
Total	52,681	54,626
NET INCOME (LOSS)	3,662	(6,611)
Less: Net income attributable to noncontrolling interests (Note 7)	7,767	5,470
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ (4,105)	$ (12,081)