ARIZONA PUBLIC SERVICE COMPANY - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
OPERATING REVENUES	$ 1,469,871	$ 1,308,254	$ 3,315,071	$ 3,004,978
OPERATING EXPENSES
Fuel and purchased power	556,571	427,452	1,174,027	895,514
Operations and maintenance	251,663	232,386	715,392	692,131
Depreciation and amortization	190,389	163,523	563,491	480,093
Taxes other than income taxes	53,475	57,608	165,591	176,586
Other expenses - net	200	(2,088)	1,410	5,361
Total	1,052,298	878,881	2,619,911	2,249,685
OPERATING INCOME	417,573	429,373	695,160	755,293
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	9,133	11,352	30,966	30,549
Pension and other postretirement non-service credits - net (Note 5)	24,673	28,135	73,739	84,101
Other income (Note 9)	2,219	12,083	5,605	36,719
Other expense (Note 9)	(6,745)	(6,182)	(14,751)	(15,219)
Total	29,280	45,388	95,559	136,150
INTEREST EXPENSE
Interest charges	72,185	64,067	205,677	188,782
Allowance for borrowed funds used during construction	(8,692)	(5,273)	(19,047)	(15,466)
Total	63,493	58,794	186,630	173,316
INCOME BEFORE INCOME TAXES	383,360	415,967	604,089	718,127
INCOME TAXES	52,728	71,863	83,577	114,073
NET INCOME	330,632	344,104	520,512	604,054
Less: Comprehensive income attributable to noncontrolling interests	4,306	4,306	12,918	12,918
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	326,326	339,798	507,594	591,136
APS
OPERATING REVENUES	1,469,871	1,308,254	3,315,071	3,004,978
OPERATING EXPENSES
Fuel and purchased power	556,571	427,452	1,174,027	895,514
Operations and maintenance	248,808	229,432	705,683	682,531
Depreciation and amortization	190,368	163,484	563,427	480,012
Taxes other than income taxes	53,456	57,591	165,509	176,541
Other expenses - net	200	(2,088)	1,410	5,361
Total	1,049,403	875,871	2,610,056	2,239,959
OPERATING INCOME	420,468	432,383	705,015	765,019
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	9,133	11,352	30,966	30,549
Pension and other postretirement non-service credits - net (Note 5)	24,791	28,191	74,080	84,262
Other income (Note 9)	1,661	11,597	4,209	35,120
Other expense (Note 9)	(3,023)	(2,196)	(7,657)	(9,807)
Total	32,562	48,944	101,598	140,124
INTEREST EXPENSE
Interest charges	66,296	61,362	192,828	180,680
Allowance for borrowed funds used during construction	(8,269)	(5,273)	(18,381)	(15,466)
Total	58,027	56,089	174,447	165,214
INCOME BEFORE INCOME TAXES	395,003	425,238	632,166	739,929
INCOME TAXES	59,004	77,269	93,385	128,313
NET INCOME	335,999	347,969	538,781	611,616
Less: Comprehensive income attributable to noncontrolling interests	4,306	4,306	12,918	12,918
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ 331,693	$ 343,663	$ 525,863	$ 598,698