ARIZONA PUBLIC SERVICE COMPANY - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
OPERATING REVENUES (Note 4)	$ 1,358,751	$ 1,308,994	$ 2,391,031	$ 2,260,706
OPERATING EXPENSES
Fuel and purchased power	477,008	437,172	857,079	795,036
Operations and maintenance	286,605	272,266	586,714	529,844
Depreciation and amortization	228,893	225,017	463,833	435,311
Taxes other than income taxes	57,651	58,651	117,005	117,815
Other expense	1,042	2,141	1,626	2,161
Total	1,051,199	995,247	2,026,257	1,880,167
OPERATING INCOME	307,552	313,747	364,774	380,539
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	14,767	8,910	28,016	19,202
Pension and other postretirement non-service credits, net (Note 7)	3,692	12,877	6,650	24,445
Other income (Note 11)	12,104	5,885	29,565	36,492
Other expense (Note 11)	(4,259)	(3,032)	(6,829)	(10,599)
Total	26,304	24,640	57,402	69,540
INTEREST EXPENSE
Interest charges	113,527	108,891	218,470	208,665
Allowance for borrowed funds used during construction	(11,559)	(11,036)	(21,661)	(24,177)
Total	101,968	97,855	196,809	184,488
Income Before Income Taxes	231,888	240,532	225,367	265,591
Income taxes	35,018	32,421	28,835	36,312
Net Income	196,870	208,111	196,532	229,279
Less: Net income attributable to noncontrolling interests (Note 8)	4,306	4,306	8,612	8,612
Net Income Attributable to Common Shareholders	192,564	203,805	187,920	220,667
APS
OPERATING REVENUES (Note 4)	1,358,751	1,308,994	2,391,031	2,260,706
OPERATING EXPENSES
Fuel and purchased power	477,008	437,172	857,079	795,036
Operations and maintenance	285,211	272,674	581,862	526,267
Depreciation and amortization	228,876	224,996	463,799	435,269
Taxes other than income taxes	57,642	58,666	116,978	117,744
Other expense	1,042	2,141	1,626	2,161
Total	1,049,779	995,649	2,021,344	1,876,477
OPERATING INCOME	308,972	313,345	369,687	384,229
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	14,767	8,910	28,016	19,202
Pension and other postretirement non-service credits, net (Note 7)	3,916	13,068	7,116	24,841
Other income (Note 11)	3,674	4,591	9,396	11,446
Other expense (Note 11)	(3,890)	(2,894)	(6,223)	(5,788)
Total	18,467	23,675	38,305	49,701
INTEREST EXPENSE
Interest charges	91,915	93,294	180,686	180,273
Allowance for borrowed funds used during construction	(11,559)	(11,036)	(21,661)	(24,177)
Total	80,356	82,258	159,025	156,096
Income Before Income Taxes	247,083	254,762	248,967	277,834
Income taxes	38,679	38,655	35,978	42,304
Net Income	208,404	216,107	212,989	235,530
Less: Net income attributable to noncontrolling interests (Note 8)	4,306	4,306	8,612	8,612
Net Income Attributable to Common Shareholders	$ 204,098	$ 211,801	$ 204,377	$ 226,918