XML 106 R80.htm IDEA: XBRL DOCUMENT v3.25.0.1
Income Taxes - Schedule of Comparison of Pretax Income from Federal Income Tax Rate to Income Tax Expense (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Reconciliation Increases Reductions in Tax Expense [Abstract]      
Federal income tax expense at statutory rate $ 154,677 $ 125,095 $ 120,887
State income tax net of federal income tax benefit 24,218 18,024 17,740
State income tax credits net of federal income tax benefit (3,349) (3,513) (5,482)
Excess deferred income taxes — Tax Cuts and Jobs Act (36,559) (36,558) (36,241)
Allowance for equity funds used during construction (Note 1) (2,545) (5,964) (4,629)
Palo Verde VIE noncontrolling interest (Note 17) (3,617) (3,617) (3,617)
Investment tax credit amortization (9,425) (9,495) (5,608)
Federal production tax credit (15,206) (8,441) (3,146)
Other federal income tax credits (3,881) (3,453) (7,721)
Other 6,216 4,834 2,644
Income tax expense/(benefit) 110,529 76,912 74,827
Arizona Public Service Company      
Income Tax Reconciliation Increases Reductions in Tax Expense [Abstract]      
Federal income tax expense at statutory rate 165,090 138,337 132,920
State income tax net of federal income tax benefit 25,639 19,832 19,000
State income tax credits net of federal income tax benefit (1,611) (1,775) (3,744)
Excess deferred income taxes — Tax Cuts and Jobs Act (36,559) (36,558) (36,241)
Allowance for equity funds used during construction (Note 1) (2,545) (5,964) (4,629)
Palo Verde VIE noncontrolling interest (Note 17) (3,617) (3,617) (3,617)
Investment tax credit amortization (9,425) (9,495) (5,608)
Federal production tax credit (12,110) (5,460) 0
Other federal income tax credits (1,551) (2,803) (7,721)
Other 3,682 1,687 440
Income tax expense/(benefit) $ 126,993 $ 94,184 $ 90,800