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Schedule I - Condensed Financial Information of Registrant - Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net income $ 518,781 $ 500,826 $ 635,944
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 854,136 817,814 719,141
Deferred income taxes (24,310) 43,202 117,471
Accounts receivable (61,983) (63,869) (72,559)
Accounts payable (75,623) 90,076 20,267
Net cash provided by operating activities 1,207,697 1,241,441 860,014
Cash flows from investing activities      
Proceeds from sale relating to BCE 23,400 0 0
Net cash used for investing activities (1,694,249) (1,618,046) (1,386,929)
Cash flows from financing activities      
Issuance of long-term debt 689,349 875,537 746,999
Short-term debt repayments under revolving credit facility 0 0 (19,000)
Short-term borrowings and (repayments) — net 241,900 48,720 142,000
Dividends paid on common stock (386,486) (378,881) (369,478)
Repayment of long-term debt (32,740) (150,000) 0
Common stock equity issuance and purchases — net (4,093) (2,653) (2,350)
Net cash provided by financing activities 486,675 371,468 476,916
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 123 (5,137) (49,999)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 4,832 9,969 59,968
CASH AND CASH EQUIVALENTS AT END OF YEAR 4,955 4,832 9,969
Pinnacle West      
Cash flows from operating activities      
Net income 501,557 483,602 618,720
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in earnings of subsidiaries — net (539,962) (500,042) (628,916)
Gain on sale relating to BCE (6,423) 0 0
Depreciation and amortization 76 76 93
Deferred income taxes (13,955) 17,256 (11,381)
Accounts receivable (28,273) (8,535) 8,897
Accounts payable 1,839 3,431 (2,598)
Accrued taxes and income tax receivables — net 9,505 (25,157) 16,079
Dividends received from subsidiaries 393,600 385,800 376,500
Other (14,201) 47,719 4,214
Net cash provided by operating activities 303,763 404,150 381,608
Cash flows from investing activities      
Proceeds from sale relating to BCE 23,400 0 0
Investments in subsidiaries (119,682) (186,630) (145,266)
Repayments of loans from subsidiaries and other 6,526 14,308 4,017
Advances of loans to subsidiaries (59,349) (3,308) (12,256)
Net cash used for investing activities (149,105) (175,630) (153,505)
Cash flows from financing activities      
Issuance of long-term debt 175,000 300,000 300,000
Short-term debt repayments under revolving credit facility 0 0 (19,000)
Short-term borrowings and (repayments) — net 60,930 2,420 (136,700)
Dividends paid on common stock (386,486) (378,881) (369,478)
Repayment of long-term debt 0 (150,000) 0
Common stock equity issuance and purchases — net (4,093) (2,653) (2,350)
Net cash provided by financing activities (154,649) (229,114) (227,528)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 9 (594) 575
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 0 594 19
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 9 $ 0 $ 594