CONDENSED CONSOLIDATED STATEMENTS OF INCOME (APSC) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
OPERATING EXPENSES
Fuel and purchased power	$ 249,786	$ 230,679
Operations and maintenance	212,882	223,250
Depreciation and amortization	101,772	103,730
Taxes other than income taxes	45,845	40,021
Total	611,081	599,729
OPERATING INCOME	75,170	86,923
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	7,442	6,864
Other income (Note S-2)	2,367	758
Other expense (Note S-2)	(4,684)	(3,752)
Total	5,125	3,870
INTEREST EXPENSE
Allowance for borrowed funds used during construction	(3,770)	(3,990)
Total	49,199	45,488
NET INCOME	24,691	32,836
Less: Net income attributable to noncontrolling interests (Note 6)	8,925	8,392
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	15,766	24,444
ARIZONA PUBLIC SERVICE COMPANY
ELECTRIC OPERATING REVENUES	685,545	685,827
OPERATING EXPENSES
Fuel and purchased power	249,786	230,679
Operations and maintenance	208,285	220,752
Depreciation and amortization	101,748	103,706
Income taxes	10,478	16,060
Taxes other than income taxes	45,613	39,768
Total	615,910	610,965
OPERATING INCOME	69,635	74,862
OTHER INCOME (DEDUCTIONS)
Income taxes	1,210	2,332
Allowance for equity funds used during construction	7,442	6,864
Other income (Note S-2)	2,762	1,343
Other expense (Note S-2)	(5,056)	(6,296)
Total	6,358	4,243
INTEREST EXPENSE
Interest on long-term debt	48,896	46,221
Interest on short-term borrowings	1,413	1,429
Debt discount, premium and expense	1,011	1,011
Allowance for borrowed funds used during construction	(3,770)	(3,990)
Total	47,550	44,671
NET INCOME	28,443	34,434
Less: Net income attributable to noncontrolling interests (Note 6)	8,925	8,392
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ 19,518	$ 26,042