Other Income and Other Expense (Tables)

12 Months Ended

Dec. 31, 2024

Other Income and Expenses [Abstract]

Schedule of other income and other expense

The following table provides detail of Pinnacle West’s Consolidated other income and other expense for 2024, 2023, and 2022 (dollars in thousands):

	2024			2023			2022
Other income:
Interest income	$	24,322	(a)	$	27,242	(a)	$	7,326
Gain on sale of BCE (Note 20)	22,988			6,205			—
Miscellaneous	1,304			219			590
Total other income	$	48,614		$	33,666		$	7,916
Other expense:
Non-operating costs	$	(27,370)	(b)	$	(15,260)		$	(18,619)
Investment losses — net	(1,418)			(3,402)			(20,537)		(c)
Miscellaneous	(5,348)			(6,394)			(13,229)
Total other expense	$	(34,136)		$	(25,056)		$	(52,385)

(a)The 2023 and 2024 Interest income is primarily related to PSA Interest. See Note 3.

(b)The 2024 Non-operating cost is primarily related to corporate giving.

(c)The 2022 investment loss is primarily related to an impairment of PNW Power’s Clear Creek wind farm investment.

The following table provides detail of APS’s other income and other expense for 2024, 2023, and 2022 (dollars in thousands):

	2024			2023			2022
Other income:
Interest income (a)	$	21,088	(a)	$	26,853	(a)	$	5,332
Miscellaneous	6			219			556
Total other income	$	21,094		$	27,072		$	5,888
Other expense:
Non-operating costs	$	(26,588)	(b)	$	(14,070)		$	(15,579)
Miscellaneous	(3,110)			(4,194)			(10,529)
Total other expense	$	(29,698)		$	(18,264)		$	(26,108)

(a)The 2023 and 2024 Interest income is primarily related to PSA Interest. See Note 3.

(b)The 2024 Non-operating cost is primarily related to corporate giving.