EX-99.6 8 ex99-6.txt CONSOLIDATED STATS BY QTR FOR 1999 Exhibit 99.6 Last Updated 2/3/2003 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 1999
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR -------- -------- ---------- -------- -------- EARNINGS CONTRIBUTION BY SUBSIDIARY ($ MILLIONS) 1 Arizona Public Service $ 33 $ 70 $ 130 $ 34 $ 267 2 Pinnacle West Energy -- -- -- -- -- 3 APS Energy Services (2) (2) (2) (3) (9) 4 SunCor 1 3 -- 2 6 5 El Dorado -- -- -- 11 11 6 Parent Company (1) (2) (2) -- (5) -------- -------- ---------- -------- -------- 7 Income From Continuing Operations 31 69 126 44 270 8a Income Tax Benefit From Discontinued Operations -- -- 38 -- 38 8b Extraordinary Charge - Net of Income Tax -- -- (140) -- (140) -------- -------- ---------- -------- -------- 9 Net Income $ 31 $ 69 $ 24 $ 44 $ 168 ======== ======== ========== ======== ======== EARNINGS PER SHARE BY SUBSIDIARY - DILUTED 10 Arizona Public Service $ 0.38 $ 0.82 $ 1.52 $ 0.42 $ 3.14 11 Pinnacle West Energy -- -- -- -- -- 12 APS Energy Services (0.02) (0.02) (0.02) (0.05) (0.11) 13 SunCor 0.01 0.03 (0.01) 0.03 0.07 14 El Dorado -- -- -- 0.13 0.14 15 Parent Company (0.01) (0.02) (0.01) -- (0.07) -------- -------- ---------- -------- -------- 16 Income From Continuing Operations 0.36 0.81 1.48 0.53 3.17 17a Income Tax Benefit From Discontinued Operations -- -- 0.45 -- 0.45 17b Extraordinary Charge - Net of Income Tax -- -- (1.65) -- (1.65) -------- -------- ---------- -------- -------- 18 Net Income $ 0.36 $ 0.81 $ 0.28 $ 0.53 $ 1.97 ======== ======== ========== ======== ======== 19 BOOK VALUE PER SHARE $ 25.49 $ 25.58 $ 25.84 $ 26.00 $ 26.00 COMMON SHARES OUTSTANDING - DILUTED (THOUSANDS) 20 Average 85,176 85,093 84,989 84,894 85,009 21 End of Period 84,645 84,771 84,735 84,750 84,750
See Glossary of Terms Last Updated 2/3/2003 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 1999
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR ---- ------- ------- ------- ------- ---------- ELECTRIC OPERATING REVENUES (DOLLARS IN MILLIONS) Retail 22 Residential $ 157 $ 189 $ 295 $ 164 $ 805 23 Business 190 237 269 216 912 -------- -------- -------- -------- -------- 24 Total retail 347 426 564 380 1,717 -------- -------- -------- -------- -------- Wholesale revenue on delivered electricity 25 Traditional contracts 11 16 21 13 61 26 Retail load hedge management -- -- 108 -- 108 Marketing and trading -- delivered 27 Generation sales other than native load 7 6 6 11 30 28 Realized margins on electricity trading 4 (2) 5 3 10 29 Other delivered electricity (a) 17 22 45 27 111 -------- -------- -------- -------- -------- 30 Total delivered marketing and trading 28 26 56 41 151 -------- -------- -------- -------- -------- 31 Total delivered wholesale electricity 39 42 185 53 320 -------- -------- -------- -------- -------- Other marketing and trading 32 Realized margins on delivered commodities other than electricity (a) (1) -- (2) 5 2 33 Prior period mark-to-market (gains) losses on contracts delivered during current period (a) -- -- -- -- -- 34 Change in mark-to-market for future-period deliveries -- 6 (1) (4) 1 -------- -------- -------- -------- -------- 35 Total other marketing and trading (1) 6 (3) 1 3 -------- -------- -------- -------- -------- 36 Transmission for others 3 3 3 3 11 37 Other miscellaneous services 3 4 6 5 18 -------- -------- -------- -------- -------- 38 Total electric operating revenues $ 391 $ 481 $ 755 $ 442 $ 2,069 ======== ======== ======== ======== ======== ELECTRIC SALES (GWH) Retail sales 39 Residential 1,796 1,939 3,160 1,880 8,775 40 Business 2,665 3,239 3,464 2,932 12,300 -------- -------- -------- -------- -------- 41 Total retail 4,461 5,178 6,624 4,812 21,075 -------- -------- -------- -------- -------- Wholesale electricity delivered 42 Traditional contracts 309 351 441 321 1,422 43 Retail load hedge management -- -- 631 -- 631 Marketing and trading -- delivered 44 Generation sales other than native load 348 254 171 494 1,267 45 Electricity trading 1,286 1,198 2,165 1,029 5,678 46 Other delivered electricity 902 1,192 2,937 1,664 6,695 -------- -------- -------- -------- -------- 47 Total delivered marketing and trading 2,536 2,644 5,273 3,187 13,640 -------- -------- -------- -------- -------- 48 Total delivered wholesale electricity 2,845 2,995 6,345 3,508 15,693 -------- -------- -------- -------- -------- 49 Total electric sales 7,306 8,173 12,969 8,320 36,768 ======== ======== ======== ======== ========
---------- (a) The net effect on net electric operating revenues from realization of prior-period mark-to-market included in line 38 is zero. Realization of prior-period mark-to-market relates to cash flow recognition, not revenue recognition. The arithmetic opposites of amounts included in line 33 are included in lines 29 and 32. For example, line 33 shows that a prior-period mark-to-market gain of $0 million was transferred to "realized" for the total year 1999. Lines 29 and 32 include amounts totaling $0 million of realized revenues for the year 1999. See Glossary of Terms Last Updated 2/3/2003 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 1999
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR ---- ------- ------- ------- ------- ---------- MARKETING AND TRADING SEGMENT PRETAX GROSS MARGIN ANALYSIS (DOLLARS IN MILLIONS) REALIZED AND MARK-TO-MARKET COMPONENTS Current Period Effects Realized margin on delivered commodities Electricity 50 Generation sales other than native load $ 2 $ 1 $ 2 $ 2 $ 7 51 Other electricity marketing and trading (a) 6 (2) 3 -- 7 ---- ---- ---- ---- ---- 52 Total electricity 8 (1) 5 2 14 53 Other commodities (a) (1) -- (2) 6 3 ---- ---- ---- ---- ---- 54 Total realized margin 7 (1) 3 8 17 ---- ---- ---- ---- ---- Prior-period mark-to-market (gains) losses on contracts delivered during current period (a) 55 Electricity -- -- -- -- -- 56 Other commodities -- -- -- -- -- 57 Charge related to trading activities with Enron and its affiliates -- -- -- -- -- ---- ---- ---- ---- ---- 58 Subtotal -- -- -- -- -- ---- ---- ---- ---- ---- 59 Total current period effects 7 (1) 3 8 17 ---- ---- ---- ---- ---- Change in mark-to-market gains (losses) for future period deliveries 61 Electricity (1) 4 (1) -- 2 62 Other commodities 1 2 -- (4) (1) ---- ---- ---- ---- ---- 63 Total future period effects -- 6 (1) (4) 1 ---- ---- ---- ---- ---- 64 Total gross margin $ 7 $ 5 $ 2 $ 4 $ 18 ==== ==== ==== ==== ====
---------- (a) Quarterly amounts do not total to the annual amounts because of intra-year mark-to-market eliminations. See Glossary of Terms Last Updated 2/3/2003 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 1999
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR ---- ------- ------- ------- ------- ---------- MARKETING AND TRADING SEGMENT PRETAX GROSS MARGIN ANALYSIS (CONTINUED) (DOLLARS IN MILLIONS) BY COMMODITY SOLD OR TRADED 65 Electricity $ 7 $ 3 $ 4 $ 2 $ 16 66 Natural gas (1) -- -- 1 -- 67 Coal -- -- -- -- -- 68 Emission allowances 1 2 (2) 1 2 69 Other -- -- -- -- -- ---- ---- ---- ---- ---- 70 Total gross margin $ 7 $ 5 $ 2 $ 4 $ 18 ==== ==== ==== ==== ==== BY PINNACLE WEST ENTITY Parent company marketing and trading division 71 Generation sales other than native load $ -- $ -- $ -- $ -- $ -- 72 Other marketing and trading -- -- -- -- -- APS 73 Generation sales other than native load 2 1 2 2 7 74 Other marketing and trading 5 4 -- 2 11 Pinnacle West Energy 75 Generation sales other than native load -- -- -- -- -- 76 Other marketing and trading -- -- -- -- -- APS ES 77 Other marketing and trading -- -- -- -- -- ---- ---- ---- ---- ---- 78 Total gross margin before income taxes $ 7 $ 5 $ 2 $ 4 $ 18 ==== ==== ==== ==== ====
See Glossary of Terms Last Updated 2/3/2003 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 1999
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR ---- ------- ------- ------- ------- ---------- AVERAGE ELECTRIC CUSTOMERS Retail customers 79 Residential 717,540 713,259 717,204 731,092 719,774 80 Business 89,046 89,949 91,076 91,914 90,496 ------- ------- ------- ------- ------- 81 Total 806,586 803,208 808,280 823,006 810,270 82 Wholesale customers 67 67 71 73 70 ------- ------- ------- ------- ------- 83 Total customers 806,653 803,275 808,351 823,079 810,340 ======= ======= ======= ======= ======= 84 Customer Growth (% over prior year) 4.2% 4.3% 4.2% 4.0% 4.2% RETAIL SALES (GWH) - WEATHER NORMALIZED 85 Residential 1,859 1,952 3,124 1,916 8,851 86 Business 2,669 3,264 3,448 2,886 12,267 ------- ------- ------- ------- ------- 87 Total 4,528 5,216 6,572 4,802 21,118 ======= ======= ======= ======= ======= RETAIL USAGE (KWH/AVERAGE CUSTOMER) 88 Residential 2,503 2,719 4,406 2,571 12,191 89 Business 29,928 36,009 38,034 31,899 135,918 RETAIL USAGE - WEATHER NORMALIZED (KWH/AVERAGE CUSTOMER) 90 Residential 2,591 2,737 4,356 2,621 12,297 91 Business 29,973 36,287 37,858 31,399 135,553 ELECTRICITY DEMAND (MW) 92 System peak demand 3,343 4,885 4,935 3,881 4,935
See Glossary of Terms Last Updated 2/3/2003 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 1999
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR ---- ------- ------- ------- ------- ---------- ENERGY SOURCES (GWH) Generation production 93 Nuclear 2,295 2,080 2,397 2,077 8,849 94 Coal 2,677 2,764 3,230 3,204 11,875 95 Gas, oil and other 241 477 557 484 1,759 ------ ------ ------ ------ ------ 96 Total 5,213 5,321 6,184 5,765 22,483 ------ ------ ------ ------ ------ Purchased power 97 Firm load 170 753 1,470 87 2,480 98 Marketing and trading 2,189 2,390 5,734 2,693 13,006 ------ ------ ------ ------ ------ 99 Total 2,359 3,143 7,204 2,780 15,486 ------ ------ ------ ------ ------ 100 Total energy sources 7,572 8,464 13,388 8,545 37,969 ====== ====== ====== ====== ====== POWER PLANT PERFORMANCE Capacity Factors 101 Nuclear 98% 88% 100% 87% 93% 102 Coal 72% 74% 85% 85% 79% 103 Gas, oil and other 9% 18% 21% 18% 17% 104 System average 61% 61% 71% 66% 65% Generation Capacity Out of Service and Replaced for Native Load (average MW/day) 105 Nuclear 36 135 3 152 82 106 Coal 337 368 177 172 264 107 Gas -- -- -- -- -- 108 Total 373 503 180 324 345 109 Generation Fuel Cost ($/MWh) $10.00 $10.96 $11.02 $11.33 $10.85
See Glossary of Terms Last Updated 2/3/2003 PINNACLE WEST CAPITAL CORPORATION CONSOLIDATED STATISTICS BY QUARTER 1999
Line 1ST QTR 2ND QTR 3RD QTR 4TH QTR TOTAL YEAR ---- ------- ------- ------- ------- ---------- ENERGY MARKET INDICATORS (a) Electricity Average Daily Spot Prices ($/MWh) On-Peak 110 Palo Verde $21.57 $29.02 $38.46 $33.31 $30.59 111 SP15 $21.26 $27.17 $35.01 $33.84 $29.32 Off-Peak 112 Palo Verde $13.94 $15.33 $20.73 $22.26 $18.07 113 SP15 $13.68 $14.47 $20.60 $25.06 $18.45 WEATHER INDICATORS Actual 114 Cooling degree-days 71 1,312 2,353 589 4,325 115 Heating degree-days 459 112 -- 359 930 116 Average humidity 34% 27% 40% 28% 32% 10-Year Averages 117 Cooling degree-days 71 1,458 2,454 398 4,381 118 Heating degree-days 556 35 -- 435 1,026 119 Average humidity 45% 25% 34% 40% 36% ECONOMIC INDICATORS Building Permits -- Metro Phoenix (b) 120 Single-family 8,873 9,299 8,223 6,855 33,250 121 Multi-family 2,337 2,396 1,861 3,011 9,605 ------ ------ ------ ------ ------ 122 Total 11,210 11,695 10,084 9,866 42,855 ====== ====== ====== ====== ====== Arizona Job Growth (c) 123 Payroll job growth (% over prior year) 3.9% 4.4% 4.6% 4.2% 4.3% 124 Unemployment rate (%, seasonally adjusted) 4.4% 4.4% 4.3% 4.3% 4.4%
---------- Sources: (a) This price is an average of daily prices obtained and used with permission from Dow Jones & Company, Inc. (b) Arizona Real Estate Center, Arizona State University College of Business (c) Arizona Department of Economic Security See Glossary of Terms