Nuclear Decommissioning Trusts (Tables)

9 Months Ended

Sep. 30, 2017

Investments, Debt and Equity Securities [Abstract]

Fair value of APS's nuclear decommissioning trust fund assets

The following table includes the unrealized gains and losses based on the original cost of the investment and summarizes the fair value of APS’s nuclear decommissioning trust fund assets at September 30, 2017 and December 31, 2016 (dollars in thousands):

	Fair Value		Total Unrealized Gains		Total Unrealized Losses
September 30, 2017
Equity securities	$	401,913	$	232,727	$	—
Fixed income securities	435,689		12,272		(2,177		)
Net receivables (a)	4,378		—		—
Total	$	841,980	$	244,999	$	(2,177	)

(a) Net receivables/payables relate to pending purchases and sales of securities.

	Fair Value		Total Unrealized Gains		Total Unrealized Losses
December 31, 2016
Equity securities	$	353,261	$	188,091	$	—
Fixed income securities	425,530		9,820		(4,962		)
Net receivables (a)	795		—		—
Total	$	779,586	$	197,911	$	(4,962	)

(a) Net receivables/payables relate to pending purchases and sales of securities.

Realized gains and losses and proceeds from the sale of securities by the nuclear decommissioning trust funds

The following table sets forth approximate gains and losses and proceeds from the sale of securities by the nuclear decommissioning trust funds (dollars in thousands):

	Three Months Ended   September 30,						Nine Months Ended   September 30,
	2017			2016			2017			2016
Realized gains	$	598		$	4,033		$	3,904		$	8,753
Realized losses	(1,022		)	(3,345		)	(4,634		)	(6,481		)
Proceeds from the sale of securities (a)	76,496			156,825			351,860			447,419

(a) Proceeds are reinvested in the trust.

Fair value of fixed income securities, summarized by contractual maturities

The fair value of fixed income securities, summarized by contractual maturities, at September 30, 2017 is as follows (dollars in thousands):

	Fair Value
Less than one year	$	22,498
1 year – 5 years	103,033
5 years – 10 years	117,044
Greater than 10 years	193,114
Total	$	435,689