ARIZONA PUBLIC SERVICE COMPANY - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
OPERATING REVENUES (Note 4)	$ 1,820,741	$ 1,768,801	$ 4,211,772	$ 4,029,507
OPERATING EXPENSES
Fuel and purchased power	655,969	631,382	1,513,048	1,426,418
Operations and maintenance	299,617	308,061	886,331	837,905
Depreciation and amortization	224,555	229,450	688,388	664,761
Taxes other than income taxes	58,416	52,777	175,421	170,592
Other expense	338	145	1,964	2,306
Total	1,238,895	1,221,815	3,265,152	3,101,982
OPERATING INCOME	581,846	546,986	946,620	927,525
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	17,671	9,588	45,687	28,790
Pension and other postretirement non-service credits, net (Note 7)	2,777	12,188	9,427	36,633
Other income (Note 11)	12,473	6,774	42,038	43,234
Other expense (Note 11)	(8,159)	(4,013)	(14,988)	(14,580)
Total	24,762	24,537	82,164	94,077
INTEREST EXPENSE
Interest charges	125,179	109,925	343,649	318,590
Allowance for borrowed funds used during construction	(13,979)	(11,901)	(35,640)	(36,078)
Total	111,200	98,024	308,009	282,512
Income Before Income Taxes	495,408	473,499	720,775	739,090
Income taxes	77,894	74,227	106,729	110,539
Net Income	417,514	399,272	614,046	628,551
Less: Net income attributable to noncontrolling interests (Note 8)	4,306	4,306	12,918	12,918
Net Income Attributable to Common Shareholders	413,208	394,966	601,128	615,633
APS
OPERATING REVENUES (Note 4)	1,820,741	1,768,801	4,211,772	4,029,507
OPERATING EXPENSES
Fuel and purchased power	655,969	631,382	1,513,048	1,426,418
Operations and maintenance	297,509	306,116	879,371	832,383
Depreciation and amortization	224,538	229,430	688,337	664,699
Taxes other than income taxes	58,402	52,763	175,380	170,507
Other expense	338	145	1,964	2,306
Total	1,236,756	1,219,836	3,258,100	3,096,313
OPERATING INCOME	583,985	548,965	953,672	933,194
OTHER INCOME (DEDUCTIONS)
Allowance for equity funds used during construction	17,671	9,588	45,687	28,790
Pension and other postretirement non-service credits, net (Note 7)	3,017	12,400	10,133	37,241
Other income (Note 11)	3,731	4,879	13,127	16,325
Other expense (Note 11)	(5,465)	(3,346)	(11,688)	(9,134)
Total	18,954	23,521	57,259	73,222
INTEREST EXPENSE
Interest charges	99,210	90,866	279,896	271,139
Allowance for borrowed funds used during construction	(13,979)	(11,901)	(35,640)	(36,078)
Total	85,231	78,965	244,256	235,061
Income Before Income Taxes	517,708	493,521	766,675	771,355
Income taxes	85,978	81,491	121,956	123,795
Net Income	431,730	412,030	644,719	647,560
Less: Net income attributable to noncontrolling interests (Note 8)	4,306	4,306	12,918	12,918
Net Income Attributable to Common Shareholders	$ 427,424	$ 407,724	$ 631,801	$ 634,642