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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 103,421 $ 9,526
Customer and other receivables 245,884 299,904
Accrued unbilled revenues 88,907 96,796
Allowance for doubtful accounts (2,504) (3,203)
Materials and supplies (at average cost) 223,401 221,682
Fossil fuel (at average cost) 36,496 38,028
Deferred income taxes 58,630 91,152
Income tax receivable (Note 5) 4,647 135,517
Assets from risk management activities (Note 7) 16,951 17,169
Deferred fuel and purchased power regulatory asset (Note 3)   20,755
Other regulatory assets (Note 3) 76,317 76,388
Other current assets 45,780 39,895
Total current assets 897,930 1,043,609
INVESTMENTS AND OTHER ASSETS    
Assets from risk management activities (Note 7) 21,626 23,815
Nuclear decommissioning trust (Note 13) 657,862 642,007
Other assets 60,753 60,875
Total investments and other assets 740,241 726,697
PROPERTY, PLANT AND EQUIPMENT    
Plant in service and held for future use 15,256,945 15,200,464
Accumulated depreciation and amortization (5,360,781) (5,300,219)
Net 9,896,164 9,900,245
Construction work in progress 646,236 581,369
Palo Verde sale leaseback, net of accumulated depreciation (Note 6) 124,157 125,125
Intangible assets, net of accumulated amortization 144,446 157,689
Nuclear fuel, net of accumulated amortization 144,048 124,557
Total property, plant and equipment 10,955,051 10,888,985
DEFERRED DEBITS    
Regulatory assets (Note 3) 719,596 711,712
Other 137,979 137,683
Total deferred debits 857,575 849,395
TOTAL ASSETS 13,450,797 13,508,686
CURRENT LIABILITIES    
Accounts payable 224,820 284,516
Accrued taxes (Note 5) 179,137 130,998
Accrued interest 47,392 48,351
Common dividends payable   62,528
Short-term borrowings (Note 2) 9,500 153,125
Current maturities of long-term debt (Note 2) 540,424 540,424
Customer deposits 75,999 76,101
Liabilities from risk management activities (Note 7) 19,907 31,892
Liabilities for asset retirements 25,536 32,896
Deferred fuel and purchased power regulatory liability (Note 3) 18,897  
Other regulatory liabilities (Note 3) 116,903 99,273
Other current liabilities 136,128 158,540
Total current liabilities 1,394,643 1,618,644
LONG-TERM DEBT LESS CURRENT MATURITIES (Note 2) 3,045,614 2,796,465
DEFERRED CREDITS AND OTHER    
Deferred income taxes 2,359,689 2,351,882
Regulatory liabilities (Note 3) 783,702 801,297
Liabilities for asset retirements 344,708 313,833
Liabilities for pension and other postretirement benefits (Note 4) 442,136 513,628
Liabilities from risk management activities (Note 7) 29,106 70,315
Customer advances 115,033 114,480
Coal mine reclamation 208,183 207,453
Deferred investment tax credit 152,114 152,361
Unrecognized tax benefits (Note 5) 13,502 42,209
Other 184,666 185,659
Total deferred credits and other 4,632,839 4,753,117
COMMITMENTS AND CONTINGENCIES (SEE NOTES)      
EQUITY (Note 8)    
Common stock, no par value; authorized 150,000,000 shares, 110,389,065 and 110,280,703 issued at respective dates 2,497,485 2,491,558
Treasury stock at cost; 34,828 and 98,944 shares at respective dates (844) (4,308)
Total common stock 2,496,641 2,487,250
Retained earnings 1,801,047 1,785,273
Accumulated other comprehensive loss:    
Pension and other postretirement benefits (54,538) (54,995)
Derivative instruments (20,364) (23,058)
Total accumulated other comprehensive loss (74,902) (78,053)
Total shareholders' equity 4,222,786 4,194,470
Noncontrolling interests (Note 6) 154,915 145,990
Total equity 4,377,701 4,340,460
TOTAL LIABILITIES AND EQUITY $ 13,450,797 $ 13,508,686