EX-99.1 3 ex99-1.txt RATE APPLICATION AND SCHEDULES EXHIBIT 99.1 BEFORE THE ARIZONA CORPORATION COMMISSION COMMISSIONERS MARC SPITZER, Chairman JIM IRVIN WILLIAM A. MUNDELL JEFF HATCH-MILLER MIKE GLEASON IN THE MATTER OF THE APPLICATION OF ARIZONA PUBLIC SERVICE COMPANY FOR A HEARING TO DETERMINE THE FAIR VALUE OF DOCKET NO. E-01345A-03-__ THE UTILITY PROPERTY OF THE COMPANY FOR RATEMAKING PURPOSES, TO FIX A JUST AND REASONABLE RATE OF RETURN THEREON, TO APPLICATION APPROVE RATE SCHEDULES DESIGNED TO DEVELOP SUCH RETURN, AND FOR APPROVAL OF PURCHASED POWER CONTRACT Pursuant to A.R.S. ss. 40-250, ET SEQ.; A.A.C. R14-2-103; and Decision No. 61973 (October 6, 1999), Arizona Public Service Company ("APS" or "Company") hereby files an Application for a permanent increase of at least $175 million on annualized test year sales, or 9.8 percent on average, for its jurisdictional electric operations, to become effective on July 1, 2004. The rate increase sought herein is required to enable the Company to maintain its credit ratings and attract new capital on reasonable terms, recover its costs of service, and permit APS to earn a fair rate of return on the fair value of its assets devoted to public service, which return will recover the Company's capital costs necessarily and prudently incurred in rendering adequate utility service to customers. The requested increase is necessary for APS to continue as the type of financially strong utility that can ensure APS customers continued reliable service, on demand, and at reasonable prices into the future. APS is requesting that the Arizona Corporation Commission ("Commission") recognize the higher fuel and purchased power expenses that are being incurred by the Company; allow APS to include in rates at cost of service certain generation assets of Pinnacle West Energy Corporation ("PWEC");(1) permit APS to recover the $234 million write off taken under the 1999 Settlement Agreement, which was approved in Decision No. 61973; and provide for the recovery of all prudently incurred costs to comply with the Commission's Retail Electric Competition Rules, A.A.C. R14-2-1601, ET SEQ. (the "Electric Competition Rules"), including the one-third of costs associated with the planned divestiture of generation from APS to PWEC that was not previously deferred pursuant to Decision No. 61973. Such amounts are included in the $175 million increase requested by this Application. In addition, APS requests that the Commission approve depreciation and amortization rates and classifications for certain of the Company's tangible and intangible property and approve a specific accounting and ratemaking treatment of costs associated with asset retirement obligations under the recently implemented Statement of Financial Accounting Standards No. 143 ("SFAS 143"). Finally, APS is requesting Commission review of its long-term purchased power contract with PWEC, which was previously submitted to the Commission. This request is required by Section 5.3 of such contract. However, the need for such review and any subsequent Commission approval would be moot if the PWEC units are rate based as requested in this Application. In support of this Application, the Company respectfully states as follows: ---------- (1) These units are Redhawk Combined Cycle Units 1 and 2, West Phoenix Combined Cycle Units 4 and 5, and Saguaro Combustion Turbine Unit 3 (collectively, the "PWEC Units"). -2- I. The Company is a corporation duly organized, existing and in good standing under the laws of the State of Arizona. Its principal place of business is 400 North Fifth Street, Phoenix, Arizona, 85004, and its post office address is P.O. Box 53999, Phoenix, Arizona 85072-3999. II. The Company is a public service corporation principally engaged in the generation, transmission and distribution of electricity for sale in Arizona. In conducting such business, the Company operates an interconnected and integrated electric utility system. III. All communications and correspondence concerning this Application, as well as communications and pleadings with respect thereto filed by other parties, should be served upon the following: Thomas L. Mumaw Karilee S. Ramaley Pinnacle West Capital Corporation Law Department P.O. Box 53999 Phoenix, Arizona 85072-3999 Attorneys for Arizona Public Service Company Jeffrey B. Guldner Faraz Sanei Snell & Wilmer L.L.P. 400 East Van Buren Phoenix, Arizona 85004-2202 Attorneys for Arizona Public Service Company IV. This Commission has jurisdiction to conduct public hearings to determine the fair value of the property of a public service corporation, to fix a just and reasonable rate of return thereon, and thereafter, to approve rate schedules designed to develop such return. Further, the Commission has jurisdiction to -3- establish the practices and procedures to govern the conduct of such hearing, including, but not limited to, such matters as notice, intervention, filing, service, exhibits, discovery and other prehearing and hearing matters. V. Accompanying this Application are all of the relevant standard filing requirements ("SFRs") and rate design schedules described in A.A.C. R14-2-103(2) and the direct testimony and attachments of the following witnesses: o Steven M. Wheeler o Donald G. Robinson o Ajit P. Bhatti o Chris N. Froggatt o Laura L. Rockenberger o Charles E. Olson, Ph.D. o William H. Hieronymus, Ph.D. o John H. Landon, Ph.D. o Alan Propper o David J. Rumolo o Kenneth Gordon, Ph.D. VI. The Company respectfully requests that this Commission set a date for a hearing on this Application such that new rates for the Company will become effective July 1, 2004. At the hearing conducted pursuant to this rate request, APS will establish and hereby alleges that: (1) its current rates and charges do not permit the Company to earn a fair return on the fair value of its assets devoted to public service and are therefore no longer just and reasonable; ---------- 2 This Application does not include SFR Schedule E-6 because such schedule applies only to a "combination utility" within the meaning of A.A.C. R14-2-103(A)(3)(q) which does not include APS. -4- (2) the requested increase is the minimum amount necessary to allow the Company an opportunity to earn a fair return on the fair value of its assets devoted to public service, for preservation of the Company's financial integrity and for the attraction of new capital investment on reasonable terms; (3) the Company requires additional permanent revenue of at least $175 million based on annualized test period sales in order to continue to provide adequate and reliable electric service to its customers as required by law; (4) the PWEC Units were prudently planned and constructed and are used and useful, and the acquisition of the PWEC Units and their inclusion in rates at cost of service is appropriate and in the best interests of APS customers; (5) the recovery by APS of the $234 million write off taken pursuant to Decision No. 61973 and the recovery by APS of all prudently incurred costs to comply with the Commission's Electric Competition Rules, including the one-third of costs associated with the planned divestiture of generation from APS to PWEC that was not previously deferred pursuant to Decision No. 61973, is appropriate and warranted; (6) Section 3.4 of the APS-PWEC Track B contract(3) requires APS to file an application for approval and full cost recovery within 60 days of contract execution because deliveries are contemplated to occur after January 1, 2006; to the extent that further action by APS is required, this Application constitutes such action as is required by Section 3.4 ---------- 3 This contract was submitted to the Commission in APS' May 27, 2003 Report on the Track B Solicitation Process and is discussed in the Independent Monitor's Final Report on Track B Solicitation filed on June 13, 2003. of the contract, and APS requests that any Commission order regarding such contract be consistent with the Company's rate application; and (7) the requested increase and associated approvals fairly balance the interests of both APS' customers and its investors. WHEREFORE, THE COMPANY RESPECTFULLY REQUESTS that the Commission: A. Issue a procedural order establishing a date for hearing evidence concerning the Application and prescribing the time and form of notice to APS customers; B. Issue a final order granting the Company the permanent rate increase sought herein; C. Issue a final order authorizing APS' depreciation and amortization rates and classifications, and authorizing the requested treatment of asset retirement obligations resulting from SFAS 143; and D. Grant the Company such other relief as the Commission deems just and proper. RESPECTFULLY SUBMITTED this 27th day of June 2003. PINNACLE WEST CAPITAL CORP. Law Department Thomas L. Mumaw ---------------------------------------- Thomas L. Mumaw Karilee S. Ramaley SNELL & WILMER L.L.P. Jeffrey B. Guldner ---------------------------------------- Jeffrey B. Guldner Faraz Sanei Attorneys for Arizona Public Service Company -6- Original and 13 copies of the foregoing filed this 27th day of June 2003, with: Docket Control Arizona Corporation Commission 1200 West Washington Phoenix, AZ 85007 -7- ARIZONA PUBLIC SERVICE COMPANY Computation of Increase in Gross Revenue Requirements ACC Jurisdictional Adjusted Test Year Ended 12/31/2002 (Dollars in Thousands)
Electric ---------------------------------------------- Line Line No. Description Original Cost RCND Fair Value No. --- ----------- ------------- ---- ---------- --- 1. Adjusted Rate Base $4,207,476(a) $6,727,455(a) 5,467,466 1. 2. Adjusted Operating Income 263,870(b) 263,870(b) 263,870 2. 3. Current Rate of Return 6.27% 3.92% 4.83% 3. 4. Required Operating Income 364,788 364,788 364,788 4. 5. Required Rate of Return 8.67% 5.42% 6.67% 5. 6. Operating Income Deficiency 100,918 100,918 100,918 6. 7. Gross Revenue Conversion Factor 1.6529(c) 1.6529(c) 1.6529(c) 7. ---------- ---------- --------- 8. Increase in Base Revenue Requirements $ 166,807 $ 166,807 $ 166,807 8. ---------- ---------- --------- 9. CRCC Surcharge (d) 8,283 8,283 8,283 9. ---------- ---------- --------- 10. Total Increase in Revenue Requirements $ 175,090 $ 175,090 $ 175,090 10. ========== ========== ========= Projected Revenue Increase Customer Classification Due to Rates % Increase ----------------------- ------------ ---------- 11. Residential 86,586 9.73% 11. 12. General Service 86,758 9.82% 12. 13. Irrigation 207 9.86% 13. 14. Outdoor Lighting 1,041 9.64% 14. 15. Dusk-to-Dawn 498 9.58% 15. ---------- 16. Total $ 175,090 9.77% 16. ========== 17. Total Sales to Ultimate Retail Customers $1,791,584(d) 17.
Supporting Schedules -------------------- (a) B-1 (c) C-3 Schedule A-1 (b) C-1, page 2 (d) H-1 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Summary Results of Operations Two Prior Years, Test Year and Projected Years (Thousands of Dollars)
Prior Years Test Year ---------------------------- ---------------------------- Year Ending Year Ending Actual Adjusted Line 2000 2001 12/31/2002 12/31/2002 Line No. Description (a) (a) (a) (b) No. ---- ----------- ----------- ----------- ----------- ----------- ---- 1. Gross Revenues $ 2,934,142 $ 3,111,328 $ 2,093,393 $ 1,978,176 1. 2. Revenue Deductions & Operating Expenses 2,487,906 2,712,350 1,764,393 1,713,172 2. ----------- ----------- ----------- ----------- 3. Operating Income 446,236 398,978 329,000 265,004 3. ----------- ----------- ----------- ----------- 4. Other Income and (Deductions) (6,545) (15,280) (8,041) (8,041) 4. 5. Interest Expense 133,097 118,211 121,616 121,616 5. ----------- ----------- ----------- ----------- 6. Net Income $ 306,594 $ 265,487 $ 199,343 $ 135,347 6. ----------- ----------- ----------- ----------- 7. Earned Per Average Common Share* $ 4.30 $ 3.73 $ 2.80 $ 1.90 7. 8. Dividends Per Common Share* $ 2.39 $ 2.39 $ 2.39 $ 2.39 8. 9. Payout Ratio* 55.6% 64.1% 85.4% 125.8% 9. 10. Return on Average Invested Capital 11.1% 9.3% 7.6% 6.3% 10. 11. Return on Year End Capital 10.7% 9.1% 7.7% 6.4% 11. 12. Return on Average Common Equity 15.2% 12.4% 9.2% 6.6% 12. 13. Return on Year End Common Equity 14.5% 12.3% 9.2% 6.6% 13. 14. Times Bond Interest Earned- 3.8 3.6 2.9 2.6 14. Before Income Taxes 15. Times Total Interest & Preferred Dividends 2.6 2.5 2.1 1.8 15. Earned-After Income Taxes 16. Adjusted Return on Avg. Common Equity 12.4% 8.0% 7.9% 5.4% 16. Projected Year Projected Year Projected Year -------------- ----------------------------- ----------------------------- Present Rates Present Rates Proposed Rates Present Rates Proposed Rates Line 12/31/2003 12/31/2004 12/31/2004 12/31/2005 12/31/2005 Line No. Description (c) (c) (c) (c) (c) No. ---- ----------- ----------- ----------- ----------- ----------- ----------- ---- 1. Gross Revenues $ 1,969,996 $ 2,148,301 $ 2,263,598 $ 2,205,210 $ 2,405,450 1. 2. Revenue Deductions & Operating Expenses 1,667,927 1,798,414 1,837,180 1,872,584 1,954,397 2. ----------- ----------- ----------- ----------- ----------- 3. Operating Income 302,069 349,887 426,418 332,626 451,053 3. ----------- ----------- ----------- ----------- ----------- 4. Other Income and (Deductions) 960 (1,667) (1,667) (8,411) (8,411) 4. 5. Interest Expense 132,689 148,175 145,810 165,971 156,562 5. ----------- ----------- ----------- ----------- ----------- 6. Net Income $ 170,340 $ 200,045 $ 278,941 $ 158,244 $ 286,080 6. ----------- ----------- ----------- ----------- ----------- 7. Earned Per Average Common Share* N/A N/A N/A N/A N/A 7. 8. Dividends Per Common Share* N/A N/A N/A N/A N/A 8. 9. Payout Ratio* N/A N/A N/A N/A N/A 9. 10. Return on Average Invested Capital 6.9% 7.1% 8.6% 6.2% 8.3% 10. 11. Return on Year End Capital 6.6% 6.8% 8.2% 6.0% 8.1% 11. 12. Return on Average Common Equity 7.9% 8.4% 11.5% 6.0% 10.4% 12. 13. Return on Year End Common Equity 7.9% 7.7% 10.4% 6.0% 10.1% 13. 14. Times Bond Interest Earned- 2.5 2.7 3.4 2.2 3.3 14. Before Income Taxes 15. Times Total Interest & Preferred Dividends 1.9 2.0 2.4 1.7 2.4 15. Earned-After Income Taxes 16. Adjusted Return on Avg. Common Equity 6.7% 7.8% 11.0% 6.0% 10.4% 16.
Supporting Schedules: *Optional for projected year --------------------- (a) E-2 (b) C-1 (c) F-1 Schedule A-2 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Summary of Capital Structure Two Prior Years, Test Year and Projected Years (Thousands of Dollars)
Actual Projected Year Projected Year Prior Years Test Year ------------- ----------------------------- ------------------------ ---------- Present Rates Present Rates Proposed Rates Year Ending Year Ending Ending Year Ending Year Ending Year Ending Line 2000 2001 12/31/2002 12/31/2003 12/31/2004 12/31/2004 Line No. Description (a) (a) (a) (b) (b) (b) No. --------- --------- --------- --------- --------- --------- ---- 1. Short-term Debt 82,100 171,162 -- 59,428 67,003 67,003 1. 2. Long-Term Debt 2,057,174 2,074,525 2,220,843 2,637,848 2,710,162 2,630,656 2. --------- --------- --------- --------- --------- --------- 3. TOTAL DEBT 2,139,274 2,245,687 2,220,843 2,697,276 2,777,165 2,697,659 3. 4. Preferred Stock -- -- -- -- -- -- 4. 5. Common Equity 2,119,768 2,150,690 2,159,312 2,162,314 2,612,299 2,690,969 5. --------- --------- --------- --------- --------- --------- 6. Total Capital 4,259,042 4,396,377 4,380,155 4,859,590 5,389,464 5,388,628 6. --------- --------- --------- --------- --------- --------- Capitalization Ratios: ---------------------- 7. Short-term Debt 1.93% 3.89% 0.00% 1.22% 1.24% 1.24% 7. 8. Long-Term Debt 48.30% 47.19% 50.70% 54.28% 50.29% 48.82% 8. --------- --------- --------- --------- --------- --------- 9. TOTAL DEBT 50.23% 51.08% 50.70% 55.50% 51.53% 50.06% 9. 10. Preferred Stock 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 10. 11. Common Equity 49.77% 48.92% 49.30% 44.50% 48.47% 49.94% 11. --------- --------- --------- --------- --------- --------- 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% --------- --------- --------- --------- --------- --------- 12. Weighted Cost of Short-Term Debt 0.10% 0.07% 0.00% 0.02% 0.04% 0.04% 12. 13. Weighted Cost of Long-Term Debt 3.31% 3.00% 3.06% 3.17% 2.91% 2.91% 13. 14. Weighted Cost of Senior Capital 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 14.
Supporting Schedules: --------------------- (a) E-1 (b) D-1 Schedule A-3 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Construction Expenditures, Net Plant Placed in Service and Gross Utility Plant in Service Two Prior Years, Test Year and Projected Years (Thousands of Dollars)
Construction Net Plant Placed Gross Utility Line Expenditures In Service Plant in Service Line No. Year (a) (b) (c) (c) No. ---- -------------------------------------- --------- ---------------- ---------------- ---- 1. Year Ended 2000 $ 463,768 $ 259,123 $ 7,772,330 1. 2. Year Ended 2001 473,545 322,390 8,094,720 2. 3. Test Year - Year Ended 12/31/2002 498,285 392,154 8,486,874 3. 4. Projected Year - Year Ended 12/31/2003 407,642 335,463 8,822,337 4. 5. Projected Year - Year Ended 12/31/2004 382,898 1,476,239 10,298,576 5. 6. Projected Year - Year Ended 12/31/2005 523,325 447,724 10,746,300 6.
Supporting Schedules: ------------------------------ (a) F-3 (Includes nuclear fuel costs.) (b) E-5 (Test Year only.) (c) Includes acquisition of Pinnacle West Energy Corporation ("PWEC") units in 2004. Schedule A-4 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Summary Changes in Financial Position Two Prior Years, Test Year and Projected Years (Thousands of Dollars)
Prior Years Actual ------------------------ Test Year Line Year Ending Year Ending Ending No. Year 2000 2001 12/31/2002 --- ---- ---- ---- ---------- (a) (a) (a) Sources of Funds: ----------------- 1. Operations $ 723,671 $ 605,075 $ 704,512 2. Outside financing (181,088) (68,613) (218,396) --------- --------- --------- 3. Total funds Provided 542,583 536,462 486,116 --------- --------- --------- Application of Funds: --------------------- 4. Construction Expenditures 464,368 465,360 490,156 5. Other 83,083 56,890 (29,768) --------- --------- --------- 6. Total Funds Applied $ 547,451 $ 522,250 $ 460,388 --------- --------- --------- Projected Year Projected Year Projected Year ------------- ----------------------------- ----------------------------- Present Rates Present Rates Proposed Rates Present Rates Proposed Rates Line Year Ending Year Ending Year Ending Year Ending Year Ending Line No. Year 12/31/2003 12/31/2004 12/31/2004 12/31/2005 12/31/2005 No. --- ---- ---------- ---------- ---------- ---------- ---------- --- (b) (b) (b) (b) (b) Sources of Funds: ----------------- 1. Operations $ 641,263 $ 504,076 $ 583,582 $ 505,208 $ 634,380 1. 2. Outside financing 300,096 (90,111) (169,617) 50,083 (79,089) 2. --------- --------- --------- --------- -------- 3. Total funds Provided 941,359 413,965 413,965 555,291 555,291 3. --------- --------- --------- --------- -------- Application of Funds: --------------------- 4. Construction Expenditures 411,899 386,883 386,883 528,710 528,710 4. 5. Other 529,460 27,082 27,082 26,581 26,581 5. --------- --------- --------- --------- --------- 6. Total Funds Applied $ 941,359 $ 413,965 $ 413,965 $ 555,291 $ 555,291 6. --------- --------- --------- --------- ---------
Supporting Schedules: --------------------- (a) E-3 (b) F-2 Schedule A-5 Page 2 of 1 ARIZONA PUBLIC SERVICE COMPANY Summary of Original Cost and RCND Rate Base Elements Total Company and ACC Jurisdictional Test Year Ended 12/31/2002 (Dollars in Thousands)
Original Cost RCND --------------------------- --------------------------- Line Total Total Line No. Description Company ACC Company ACC No. ---- ----------- ------------ ------------ ------------ ------------ ---- (a) (a) (b) (b) 1. Gross Utility Plant in Service $ 8,486,874 $ 8,203,305 $ 13,596,926 $ 13,142,617 1. 2. Less: Accumulated Depreciation & Amort 3,542,547 3,405,509 5,677,664 5,458,032 2. ------------ ------------ ------------ ------------ 3. Net Utility Plant in Service 4,944,327 4,797,796 7,919,262 7,684,585 3. ------------ ------------ ------------ ------------ Deductions: 4. Deferred Taxes 1,292,375 1,268,546 1,292,375 1,268,546 4. 5. Investment Tax Credits 4,040 4,033 4,040 4,033 5. 6. Customer Advances for Constr 45,513 45,513 45,513 45,513 6. 7. Customer Deposits 39,865 39,865 39,865 39,865 7. 8. Pension Liability 49,511 48,751 49,511 48,751 8. 9. Other Deferred Credits 124,050 123,798 124,050 123,798 9. 10. Unamortized Gain-sale of Utility Plant 59,484 59,381 59,484 59,381 10. ------------ ------------ ------------ ------------ 11. Total Deductions 1,614,838 1,589,887 1,614,838 1,589,887 11. ------------ ------------ ------------ ------------ Additions: 12. Regulatory Assets/Liabilities Net 166,268 165,564 166,268 165,564 12. 13. Miscellaneous Deferred Debits 27,379 26,959 27,379 26,959 13. 14. Depreciation Fund - Decommissioning 194,440 191,608 194,440 191,608 14. 15. Allowance for Working Capital (d) 175,713 172,423 175,713 172,423 15. ------------ ------------ ------------ ------------ 16. Total Additions 563,800 556,554 563,800 556,554 16. ------------ ------------ ------------ ------------ 17. Total Rate Base Before Proforma Adjust 3,893,289 3,764,463 6,868,224 6,651,252 17. 18. Proforma Adjustments 327,730 443,013 (123,896) 76,203 18. ------------ ------------ ------------ ------------ 19. Total Rate Base $ 4,221,019 $ 4,207,476 (e) $ 6,744,328 $ 6,727,455 (e) 19. ============ ============ ============ ============
Supporting Schedules: Recap Schedules: --------------------- ---------------- (a) B-2 (e) A-1 (b) B-3 (c) B-5 Schedule B-1 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Original Cost Rate Base Pro Forma Adjustments (Dollars in Thousands)
(1) (2) (3) Actual at End of Remove Regulatory Assets Test Year 12/31/2002(a) PWEC Units Amortized under Prior Settlement Line ----------------------- ----------------------- -------------------------------- No. Description Total Co. ACC Total Co. ACC Total Co. ACC ---- ----------- ---------- ---------- ---------- ---------- ---------- ---------- (A) (B) (C) (D) (E) (F) 1. Gross Utility Plant in Service $8,486,874 $8,203,305 $1,021,886 $1,015,393 $ -- $ -- 2. Less: Accumulated Depreciation & Amort 3,542,547 3,405,509 73,395 73,045 -- -- ---------- ---------- ---------- ---------- ---------- ---------- 3. Net Utility Plant in Service 4,944,327 4,797,796 948,491 942,348 -- -- 4. Less: Total Deductions 1,614,838 1,589,887 53,382 53,111 (41,080) (41,080) 5. Total Additions 563,800 556,554 -- -- (104,000) (104,000) ---------- ---------- ---------- ---------- ---------- ---------- 6. Total Rate Base $3,893,289 $3,764,463 $ 895,109 $ 889,237 $ (62,920) $ (62,920) ========== ========== ========== ========== ========== ==========
(2) Adjustment to Test Year rate base to include the Pinnacle West Energy Units including West Phoenix Combined Cycle Unit No. 4, West Phoenix Combined Cycle No. 5, Redhawk Combined Cycle No. 1, Redhawk Combined Cycle No. 2 and Saguaro Combustion Turbine No. 3. (3) Adjustment to Test Year rate base to exclude certain net regulatory assets which, pursuant to the terms of the 1999 Settlement Agreement, will be fully amortized by June 30, 2004. Supporting Schedules: --------------------- (a) E-1 Schedule B-2 Page 1 of 3 ARIZONA PUBLIC SERVICE COMPANY Original Cost Rate Base Pro Forma Adjustments (Dollars in Thousands)
(4) (5) (6) Independent Spent Fuel Reversal of Storage Installation ("ISFSI") Settlement Write-Off Transmission Assets ------------------------------ ------------------------- ------------------------- Line No. Description Total Co. ACC Total Co. ACC Total Co. ACC ---- ----------- ----------- ----------- ----------- ----------- ----------- ----------- (G) (H) (I) (J) (K) (L) 1. Gross Utility Plant in Service $ -- $ -- $ -- $ -- $(1,264,590) $(1,001,498) 2. Less: Accumulated Depreciation & Amort -- -- -- -- (499,955) (380,603) ----------- ----------- ----------- ----------- ----------- ----------- 3. Net Utility Plant in Service -- -- -- -- (764,635) (620,895) 4. Less: Total Deductions 1,707 1,682 92,430 92,430 (115,992) (93,445) 5. Total Additions 4,321 4,258 234,000 234,000 -- -- ----------- ----------- ----------- ----------- ----------- ----------- 6. Total Rate Base $ 2,614 $ 2,576 $ 141,570 $ 141,570 $ (648,643) $ (527,450) =========== =========== =========== =========== =========== ===========
(4) Adjustment to Test Year rate base to include the amount of System Benefits related ISFSI costs anticipated to be accrued between the end of the Test Year and June 30, 2004. (5) Adjustment to Test Year rate base to restore the pre-tax $234 million deduction taken by the Company in consideration of benefits previously agreed to under the 1999 Settlement. (6) Adjustment to Test Year rate base to remove transmission assets and generation plant functionalized to ancillary services consistent with FERC rules requiring APS to take transmission service and related ancillary services for the APS Standard Offer customers under the APS OATT. Schedule B-2 Page 2 of 3 ARIZONA PUBLIC SERVICE COMPANY Original Cost Rate Base Pro Forma Adjustments (Dollars in Thousands)
(7) (8) Total Original Cost Rate Base Adjusted at End of Pro Forma Adjustments (b) Test Year 12/31/2002 (b) Line ------------------------ ------------------------ Line No. Description Total Co. ACC Total Co. ACC No. ---- ----------- ---------- ---------- ---------- ---------- ---- (M) (N) (O) (P) Gross Utility Plant in Service $ (242,704) $ 13,895 $8,244,170 $8,217,200 1. Less: Accumulated Depreciation & Amort (426,560) (307,558) 3,115,987 3,097,951 2. ---------- ---------- ---------- ---------- Net Utility Plant in Service 183,856 321,453 5,128,183 5,119,249 3. Less: Total Deductions (9,553) 12,698 1,605,285 1,602,585 4. Total Additions 134,321 134,258 698,121 690,812 5. ---------- ---------- ---------- ---------- Total Rate Base $ 327,730 $ 443,013 $4,221,019 $4,207,476 6. ========== ========== ========== ==========
Recap Schedules: ---------------- (b) B-1 Schedule B-2 Page 3 of 3 ARIZONA PUBLIC SERVICE COMPANY RCND Cost Rate Base Pro Forma Adjustments (Dollars in Thousands)
(1) (2) (3) Actual at End of Remove Regulatory Assets Test Year 12/31/2002 (a) PWEC Units Amortized under Prior Settlement Line ------------------------- ------------------------- -------------------------------- No. Description Total Co. ACC Total Co. ACC Total Co. ACC ---- ------------ ----------- ----------- ----------- ----------- ----------- ----------- (A) (B) (C) (D) (E) (F) 1. Gross Utility Plant in Service $13,596,926 $13,142,617 $ 1,023,292 $ 1,016,790 $ -- $ -- 2. Less: Accumulated Depreciation & Amort 5,677,664 5,458,032 74,288 73,934 -- -- ----------- ----------- ----------- ----------- ----------- ----------- 3. Net Utility Plant in Service 7,919,262 7,684,585 949,004 942,856 -- -- 4. Less: Total Deductions 1,614,838 1,589,887 53,382 53,111 (41,080) (41,080) 5. Total Additions 563,800 556,554 -- -- (104,000) (104,000) ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- 6. Total Rate Base $ 6,868,224 $ 6,651,252 $ 895,622 $ 889,745 $ (62,920) $ (62,920) =========== =========== =========== =========== =========== ===========
(2) Adjustment to Test Year rate base to include the Pinnacle West Energy Units including West Phoenix Combined Cycle Unit No. 4, West Phoenix Combined Cycle No. 5, Redhawk Combined Cycle No. 1, Redhawk Combined Cycle No. 2 and Saguaro Combustion Turbine No. 3. (3) Adjustment to Test Year rate base to exclude certain net regulatory assets which, pursuant to the terms of the 1999 Settlement Agreement, will be fully amortized by June 30, 2004. Supporting Schedules: --------------------- (a) B-4 Schedule B-3 Page 1 of 3 ARIZONA PUBLIC SERVICE COMPANY RCND Cost Rate Base Pro Forma Adjustments (Dollars in Thousands)
(4) (5) (6) Independent Spent Fuel Reversal of Storage Installation ("ISFSI") Settlement Write-Off Transmission Assets Line ------------------------------ ------------------------- ------------------------- No. Description Total Co. ACC Total Co. ACC Total Co. ACC ---- ----------- ----------- ----------- ----------- ----------- ----------- ----------- (G) (H) (I) (J) (K) (L) 1. Gross Utility Plant in Service $ -- $ -- $ -- $ -- $(2,018,055) $(1,598,208) 2. Less: Accumulated Depreciation & Amort -- -- -- -- (801,281) (609,995) ----------- ----------- ----------- ----------- ----------- ----------- 3. Net Utility Plant in Service -- -- -- -- (1,216,774) (988,213) 4. Less: Total Deductions 1,707 1,682 92,430 92,430 (115,992) (93,445) 5. Total Additions 4,321 4,258 234,000 234,000 -- -- ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- 6. Total Rate Base $ 2,614 $ 2,576 $ 141,570 $ 141,570 $(1,100,782) $ (894,768) =========== =========== =========== =========== =========== ===========
(4) Adjustment to Test Year rate base to include the amount of System Benefits related ISFSI costs anticipated to be accrued between the end of the Test Year and June 30, 2004. (5) Adjustment to Test Year rate base to restore the pre-tax $234 million deduction taken by the Company in consideration of benefits previously agreed to under the 1999 Settlement. (6) Adjustment to Test Year rate base to remove transmission assets and generation plant functionalized to ancillary services consistent with FERC rules requiring APS to take transmission service and related ancillary services for the Standard Offer customers under the APS OATT. Schedule B-3 Page 2 of 3 ARIZONA PUBLIC SERVICE COMPANY RCND Cost Rate Base Pro Forma Adjustments (Dollars in Thousands)
(7) (8) Total RCND Rate Base Adjusted at End of Pro Forma Adjustments Test Year 12/31/2002 (b) Line -------------------------- ------------------------- Line No. Description Total Co. ACC Total Co. ACC No. ---- ----------- ----------- ----------- ----------- ----------- ---- (M) (N) (O) (P) 1. Gross Utility Plant in Service $ (994,763) $ (581,418) $12,602,163 $12,561,199 1. 2. Less: Accumulated Depreciation & Amort (726,993) (536,061) 4,950,671 4,921,971 2. ----------- ----------- ----------- ----------- 3. Net Utility Plant in Service (267,770) (45,357) 7,651,492 7,639,228 3. 4. Less: Total Deductions (9,553) 12,698 1,605,285 1,602,585 4. 5. Total Additions 134,321 134,258 698,121 690,812 5. ----------- ----------- ----------- ----------- 6. Total Rate Base $ (123,896) $ 76,203 $ 6,744,328 $ 6,727,455 6. =========== =========== =========== ===========
Recap Schedules: ---------------- (b) B-1 Schedule B-3 Page 3 of 3 ARIZONA PUBLIC SERVICE COMPANY RCND by Major Plant Accounts Test Year Ended 12/31/02 (Thousands of Dollars)
Line Plant Condition Line No. Function Account Description RCN Percent RCND No. ---- -------- ------- ----------- ------------ --------- ------------ ---- (a) (b) (c) 1. INTANGIBLES 301 Organization $ 74 100.00% $ 74 1. 2. 302 Franchises and consents 884 40.18% 355 2. 3. 303 Miscellaneous intangible plant 201,550 50.53% 101,843 3. ------------ ------------ 4. Subtotal 202,508 102,272 4. 5. PRODUCTION 310 Land and Land Rights 3,206 100.00% 3,206 5. 6. 310 Limit Term Land Rights 89 45.33% 40 6. 7. 311 Structures and improvements 212,692 44.27% 94,159 7. 8. 312 Boiler plant equipment 1,763,288 44.65% 787,308 8. 9. 314 Turbogenerator units 527,950 33.91% 179,028 9. 10. 315 Accessory electric equipment 355,546 34.74% 123,516 10. 11. 316 Miscellaneous power plant equip. 88,665 59.33% 52,605 11. 12. 320 Land and land rights 3,400 100.00% 3,400 12. 13. 321 Structures and improvements 879,393 59.55% 523,679 13. 14. 322 Reactor plant equipment 1,352,385 57.19% 773,430 14. 15. 323 Turbogenerator units 492,053 59.73% 293,903 15. 16. 324 Accessory electric equipment 473,585 57.58% 272,690 16. 17. 325 Misc power plant equip 189,250 49.03% 92,790 17. 18. 330 Limit Term Land Rights 65 40.00% 26 18. 19. 331 Structures and improvements 1,163 0.00% 0 19. 20. 332 Reservoirs, dams, and waterways 10,601 0.00% 0 20. 21. 333 Water wheels, turbines and generators 1,943 0.00% 0 21. 22. 334 Accessory electric equipment 1,605 0.00% 0 22. 23. 335 Miscellaneous power plant equip. 259 0.00% 0 23. 24. 336 Roads, railroads and bridges 734 0.00% 0 24. 25. 340 Land and land rights 28 100.00% 28 25. 26. 341 Structures and improvements 16,529 43.20% 7,141 26. 27. 342 Fuel holders, products, and accessories 40,195 70.33% 28,269 27. 28. 343 Prime movers 116,835 11.86% 13,857 28. 29. 344 Generators 148,230 77.01% 114,152 29. 30. 345 Accessory electric equipment 44,549 52.24% 23,272 30. 31. 346 Miscellaneous power plant equip. 10,334 35.22% 3,640 31. ------------ ------------ 32. Subtotal 6,734,572 3,390,139 32. 33. TRANSMISSION 350 Land and land rights 32,009 100.00% 32,009 33. 34. 350 Limit Term Land Rights 18,799 57.02% 10,719 34. 35. 352 Structures and improvements 44,277 69.92% 30,958 35. 36. 353 Station equipment 799,655 58.66% 469,077 36. 37. 354 Towers and fixtures 271,421 44.93% 121,949 37. 38. 355 Poles and fixtures 316,497 67.90% 214,901 38. 39. 356 Overhead conductors and devices 560,601 58.80% 329,633 39. 40. 357 Underground conduit 17,941 71.38% 12,806 40. 41. 358 Underground conductors and devices 36,134 65.84% 23,791 41. ------------ ------------ 42. SUBTOTAL 2,097,334 1,245,843 42. 43. DISTRIBUTION 360 Land and land rights 26,030 100.00% 26,030 43. 44. 360 Limit Term Land Rights 725 25.24% 183 44. 45. 361 Structures and improvements 42,131 69.46% 29,265 45. 46. 362 Station equipment 322,369 66.66% 214,891 46. 47. 364 Poles, towers, and fixtures 529,061 70.64% 373,729 47. 48. 365 Overhead conductors and devices 363,653 73.08% 265,757 48. 49. 366 Underground conduit 516,658 87.90% 454,143 49. 50. 367 Underground conductors and devices 986,319 71.79% 708,078 50. 51. 368 Line transformers 585,096 61.30% 358,664 51. 52. 369 Services 320,772 64.44% 206,705 52. 53. 370 Meters 189,272 67.48% 127,722 53. 54. 371 Installations on customers' premises 44,452 65.60% 29,161 54. 55. 373 Street lighting and signal systems 88,382 65.69% 58,058 55. ------------ ------------ 56. Subtotal 4,014,920 2,852,386 56.
Schedule B-4 Page 1 of 2 ARIZONA PUBLIC SERVICE COMPANY RCND by Major Plant Accounts Test Year Ended 12/31/02 (Thousands of Dollars)
Line Plant Condition Line No. Function Account Description RCN Percent RCND No. ---- -------- ------- ----------- ------------ --------- ------------ ---- (a) (b) (c) 57. GENERAL 389 Land and land rights 7,327 100.00% 7,327 57. 58. 390 Structures and improvements 164,648 66.32% 109,195 58. 59. 391 Office furniture and equipment 90,009 57.35% 51,620 59. 60. 391 Capitalized Lease-Computer Equipment 5,941 81.62% 4,849 60. 61. 392 Transportation equipment 34,941 27.47% 9,598 61. 62. 392 Capitalized Lease-Transportation Equip. 19,553 100.00% 19,554 62. 63. 393 Stores equipment 5,452 31.68% 1,727 63. 64. 394 Tools, shop and garage equipment 17,505 73.97% 12,948 64. 65. 395 Laboratory equipment 2,731 22.71% 620 65. 66. 396 Power operated equipment 38,790 33.43% 12,968 66. 67. 397 Communication equipment 158,534 61.25% 97,102 67. 68. 398 Miscellaneous equipment 2,161 51.57% 1,114 68. ------------ ------------ 69. Subtotal 547,592 328,622 69. 70. Total Plant $ 13,596,926 $ 7,919,262 70. ============ ============
Supporting Schedules Recap Schedules -------------------- --------------- RCND Study (a) B-3 Schedule B-4 Page 2 of 2 Schedule B-4a Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Computation of RCND Rate Base Elements Test Year Ended 12/31/02 (Dollars in Thousands)
Total * All Line Company Other SCE No. Description (b + c) ACC (d + e) 500KV Other ---- ----------- ------------ ------------ ------------ ------------ ------------ (a) (b) (c) (d) (e) 1. A. ORIGINAL COST: 2. Gross Utility Plant in Service $ 8,486,874 $ 8,203,305 $ 283,569 $ 51,829 $ 231,740 3. Accumulated Depreciation & Amortization 3,542,547 3,405,509 137,038 45,235 91,803 ------------ ------------ ------------ ------------ ------------ 4. Net Utility Plant in Service 4,944,327 4,797,796 146,531 6,594 139,937 5. B. RCND: 6. Reproduction Cost New 13,596,926 13,142,617 454,309 213,611 240,698 7. Accumulated Depreciation from Sch B-1 5,677,664 5,458,032 219,632 186,434 33,198 ------------ ------------ ------------ ------------ ------------ 8. Total RCND Plant in Service at 12/31/02 7,919,262 7,684,585 234,677 27,177 207,500 9. Deductions: 10. Deferred Taxes 1,292,375 1,268,546 23,829 -- 23,829 11. Investment Tax Credits 4,040 4,033 7 -- 7 ------------ ------------ ------------ ------------ ------------ 12. Total Deferred Taxes and ITC 1,296,415 1,272,579 23,836 -- 23,836 13. Customer Advances for Construction 45,513 45,513 -- -- -- 14. Customer Deposits 39,865 39,865 -- -- -- 15 Pension Liability 49,511 48,751 760 -- 760 16 Other Deferred Credits 124,050 123,798 252 -- 252 17 Deferred Gains for Sale of Util. Plant 59,484 59,381 103 -- 103 ------------ ------------ ------------ ------------ ------------ 18 Total Deductions 1,614,838 1,589,887 24,951 -- 24,951 19 Additions: 20 Regulatory Assets/Liabilities Net 166,268 165,564 704 -- 704 21 Miscellaneous Deferred Debits 27,379 26,959 420 -- 420 22 Depreciation Fund - Decommissioning 194,440 191,608 2,832 -- 2,832 23 Allowance for Working Capital 175,713 172,423 3,290 -- 3,290 ------------ ------------ ------------ ------------ ------------ 24 Total Additions 563,800 556,554 7,246 -- 7,246 ------------ ------------ ------------ ------------ ------------ 25 Total RCND Rate Base Before Proforma Adj 6,868,224 6,651,252 216,972 27,177 189,795 26 Proforma Adjustments (123,896) 76,203 (200,099) (27,177) (172,922) ------------ ------------ ------------ ------------ ------------ 27 Total RCND Rate Base $ 6,744,328 $ 6,727,455 $ 16,873 $ -- $ 16,873 ============ ============ ============ ============ ============
Supporting Schedules: For Lines 2, 3, 9-23, Col. (a): See Schedule B-1, Column (a). For Lines 2, 3, 9-23, Col. (b): See Schedule B-1, Column (b). For Line 6, Col. (a): See Schedule b-4, Column (a) page 2 of 2. For Line 8, Col. (a): See Schedule b-4, Column (c) page 2 of 2. * - Includes SCE 500KV ARIZONA PUBLIC SERVICE COMPANY Computation of Working Capital Test Year Ended 12/31/02 (Dollars in Thousands) Line Line No. Description Amount No. ---- ----------- ------------ ---- 1. Cash Working Capital (a) $ 54,098 1. 2. Materials and Supplies (b) 79,985 2. 3. Fuel - Coal and Oil (b) 28,185 3. 4. Fuel - Nuclear, Net (b) (c) 7,466 4. 5. Prepayments (b) 5,979 5. ------------ 6. Total Working Capital Allowance (d) $ 175,713 6. ============ Supporting Schedules: Recap Schedules: --------------------- ---------------- (a) Lead-Lag Study. (d) B-1 (b) E-1 (c) B-5, Page 2 of 2 Schedule B-5 Page 1 of 2 ARIZONA PUBLIC SERVICE COMPANY Nuclear Fuel Balances Test Year Ended 12/31/02 Line Line No. Description Amount No. ---- ----------- ------------ ---- 1. Nuclear Fuel in Reactor: 1. 2. Palo Verde Unit 1 $ 36,407,633 2. 3. Palo Verde Unit 2 36,598,656 3. 4. Palo Verde Unit 3 35,483,712 4. ------------ 5. Total Nuclear Fuel in Reactor 108,490,001 5. ------------ 6. Amortization of Nuclear Fuel 6. 7. Palo Verde Unit 1 15,017,693 7. 8. Palo Verde Unit 2 19,113,964 8. 9. Palo Verde Unit 3 24,761,771 9. Dry Cask Storage 43,927,988 ------------ 10. Total Amortization of Nuclear Fuel 102,821,416 10. ------------ 11. Nuclear Fuel in Reactor (Net of Amortization) 11. 12. Palo Verde Unit 1 21,389,940 12. 13. Palo Verde Unit 2 17,484,692 13. 14. Palo Verde Unit 3 10,721,941 14. Dry Cask Storage (Amortization) (43,927,988) ------------ 15. Total Nuclear Fuel in Reactor (Net) 5,668,585 15. ------------ 16. Nuclear Fuel in Stock: 16. 17. Palo Verde Unit 1 367,000 17. 18. Palo Verde Unit 2 1,365,333 18. 19. Palo Verde Unit 3 65,366 19. ------------ 20. Total Nuclear Fuel in Stock 1,797,699 20. ------------ 21. Total Nuclear Fuel - Net (a) $ 7,466,284 21. ============ Supporting Schedules: Recap Schedules: --------------------- ---------------- N/A (a) B-5, Page 1 of 2 Schedule B-5 Page 2 of 2 ARIZONA PUBLIC SERVICE COMPANY Schedule C-1 Total Company Page 1 of 2 Adjusted Test Year Statement of Income Test Year 12 Months Ended 12/31/02 (Dollars in Thousands)
TOTAL COMPANY ----------------------------------------------- Actual Test Year For The Results After Line Test Year Proforma Proforma Line No. Description Ended 12/31/02 Adjustments Adjustments No. ---- ------------------------------------------------------ ----------- ----------- ----------- ---- (a) (b) (c) 1. Electric operating revenues $ 2,093,393 $ (115,217) $ 1,978,176 1. 2. Purchased power and fuel costs 628,030 (59,161) 568,869 2. ----------- ----------- ----------- 3. Operating revenues less purchased power and fuel costs 1,465,363 (56,056) 1,409,307 3. ----------- ----------- ----------- 4. Other operating expenses: 4. 5. Operations and maintenance 495,845 120,216 616,061 5. 6. Depreciation and amortization 399,640 (68,148) 331,492 6. 7. Income taxes 132,953 (46,347) 86,606 7. 8. Other taxes 107,925 2,219 110,144 8. ----------- ----------- ----------- 9. Total 1,136,363 7,940 1,144,303 9. ----------- ----------- ----------- 10. Operating income 329,000 (63,996) 265,004 10. ----------- ----------- ----------- 11. Other income (deductions): 11. 12. Income taxes 6,148 -- 6,148 12. 13. Other income 5,149 -- 5,149 13. 14. Other expense (19,338) -- (19,338) 14. ----------- ----------- ----------- 15. Total (8,041) -- (8,041) 15. ----------- ----------- ----------- 16. Income before interest deductions 320,959 (63,996) 256,963 16. ----------- ----------- ----------- 17. Interest deductions: 17. 18. Interest on long-term debt 128,462 -- 128,462 18. 19. Interest on short-term borrowings 5,416 -- 5,416 19. 20. Debt discount, premium and expense 2,888 -- 2,888 20. 21. Capitalized interest (15,150) -- (15,150) 21. ----------- ----------- ----------- 22. Total 121,616 -- 121,616 22. ----------- ----------- ----------- 23. Net income $ 199,343 $ (63,996) $ 135,347 23. =========== =========== ===========
Supporting Schedules: Recap Schedules: --------------------- ---------------- (a) E-2 (c) A-2 (b) C-2 ARIZONA PUBLIC SERVICE COMPANY Schedule C-1 ACC Jurisdiction Page 2 of 2 Adjusted Test Year Statement of Income Test Year 12 Months Ended 12/31/02 (Dollars in Thousands)
ACC JURISDICTION -------------------------------------------- Actual Test Year For The Results After Line Test Year Proforma Proforma Line No. Description Ended 12/31/02 Adjustments Adjustments No. ---- ------------------------------------------------------ -------------- ----------- ----------- ---- (a) (b) 1. Electric Operating Revenues $2,051,730 $ (111,584) $1,940,146 1. 2. Purchased power and fuel costs 616,873 (56,994) 559,879 2. ---------- ---------- ---------- 3. Operating revenues less purchased power and fuel costs 1,434,857 (54,590) 1,380,267 3. ---------- ---------- ---------- 4. Other Operating Expenses: 4. 5. Operations and maintenance 489,041 101,032 590,073 5. 6. Depreciation and amortization 393,035 (63,052) 329,983 6. 7. Income taxes 129,307 (43,163) 86,144 7. 8. Other taxes 104,205 5,992 110,197 8. ---------- ---------- ---------- 9. Total 1,115,588 809 1,116,397 9. ---------- ---------- ---------- 10. Operating Income $ 319,269 $ (55,399) $ 263,870 10. ========== ========== ==========
Supporting Schedules: Recap Schedules: --------------------- ---------------- (a) C-2 (b) A-1 ARIZONA PUBLIC SERVICE COMPANY Income Statement Pro Forma Adjustments Test Year Twelve Months Ended 12/31/2002 (Thousands of Dollars)
(1) (2) (3) Exclude Regulatory Assessments and Annualize 7/1/03 Normalize Franchise Fees ACC Rate Levels Weather Conditions Line ------------------------ ------------------------ ------------------------ No. Description Total Co. ACC Total Co. ACC Total Co. ACC ---- ----------- ---------- ---------- ---------- ---------- ---------- ---------- (A) (B) (C) (D) (E) (F) 1. Electric Operating Revenues $ (31,707) $ (31,707) $ (37,005) $ (37,005) $ (5,204) $ (5,204) 2. Purchased Power and Fuel Costs -- -- -- -- (827) (827) ---------- ---------- ---------- ---------- ---------- ---------- 3. Oper Rev Less Purch Pwr & Fuel Costs (31,707) (31,707) (37,005) (37,005) (4,377) (4,377) Other Operating Expenses: 4. Operations Excluding Fuel Expense (31,707) (31,707) -- -- (218) (218) 5. Maintenance -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 6. Subtotal (31,707) (31,707) -- -- (218) (218) 7. Depreciation and Amortization -- -- -- -- -- -- 8. Amortization of Gain -- -- -- -- -- -- 9. Administrative and General -- -- -- -- -- -- 10. Other Taxes -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 11. Total (31,707) (31,707) -- -- (218) (218) ---------- ---------- ---------- ---------- ---------- ---------- 12. Operating Income Before Income Tax -- -- (37,005) (37,005) (4,159) (4,159) ---------- ---------- ---------- ---------- ---------- ---------- 13. Interest Expense -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 14. Taxable Income -- -- (37,005) (37,005) (4,159) (4,159) 15. Current Income Tax Rate - 39.5% -- -- (14,617) (14,617) (1,643) (1,643) ---------- ---------- ---------- ---------- ---------- ---------- 16. Operating Income (line 12 - line 15) $ -- $ -- $ (22,388) $ (22,388) $ (2,516) $ (2,516) ========== ========== ========== ========== ========== ==========
(1) Adjustment to Test Year operations to exclude regulatory assessments and franchise fees from both operating revenue and operating expense. (2) Adjustment to Test Year operations to reflect the annualization of ACC rate levels for the 7/1/02 and 7/1/03 rate decreases. (3) Adjustment to Test Year operations to reflect normal weather conditions for the ten years ended December 31, 2002. Supporting Schedules: --------------------- N/A Schedule C-2 Page 1 of 10 ARIZONA PUBLIC SERVICE COMPANY Income Statement Pro Forma Adjustments Test Year Twelve Months Ended 12/31/2002 (Thousands of Dollars)
(4) (5) (6) Annualize Customer Levels to Base Rate Year-End 2002 Schedule 1 Changes Component for EPS Line ----------------------- ------------------------ ------------------------ No. Description Total Co. ACC Total Co. ACC Total Co. ACC ---- ----------- ---------- ---------- ---------- ---------- ---------- ---------- (G) (H) (I) (J) (K) (L) 1. Electric Operating Revenues $ 20,971 $ 20,971 $ 79 $ 79 $ 5,263 $ 5,263 2. Purchased Power and Fuel Costs 4,779 4,779 -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 3. Oper Rev Less Purch Pwr & Fuel Costs 16,192 16,192 79 79 5,263 5,263 Other Operating Expenses: 4. Operations Excluding Fuel Expense 1,622 1,622 (3) (3) 6,000 6,000 5. Maintenance -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 6. Subtotal 1,622 1,622 (3) (3) 6,000 6,000 7. Depreciation and Amortization -- -- -- -- -- -- 8. Amortization of Gain -- -- -- -- -- -- 9. Administrative and General -- -- -- -- -- -- 10. Other Taxes -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 11. Total 1,622 1,622 (3) (3) 6,000 6,000 ---------- ---------- ---------- ---------- ---------- ---------- 12. Operating Income Before Income Tax 14,570 14,570 82 82 (737) (737) ---------- ---------- ---------- ---------- ---------- ---------- 13. Interest Expense -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 14. Taxable Income 14,570 14,570 82 82 (737) (737) 15. Current Income Tax Rate - 39.5% 5,755 5,755 32 32 (291) (291) ---------- ---------- ---------- ---------- ---------- ---------- 16. Operating Income (line 12 - line 15) $ 8,815 $ 8,815 $ 50 $ 50 $ (446) $ (446) ========== ========== ========== ========== ========== ==========
(4) Adjustment to Test Year operations to reflect the annualization of customer levels at December 31, 2002. (5) Adjustment to Test Year operations to reflect proposed revenue-related changes to Schedule 1. (6) Adjustment to Test Year operations related to the base rate component of the Company's System Benefits Charge which is used to fund the Environmental Portfolio Standard. Revenue is adjusted to reverse Test Year entries to contributions in aid of construction and to include the expenses allowed by the Commission. Schedule C-2 Page 2 of 10 ARIZONA PUBLIC SERVICE COMPANY Income Statement Pro Forma Adjustments Test Year Twelve Months Ended 12/31/2002 (Thousands of Dollars)
(7) (8) (9) Base Fuel and Normalize Purchased Power Off-System Sales PWEC Units Line ------------------------ ------------------------ ------------------------ No. Description Total Co. ACC Total Co. ACC Total Co. ACC ---- ----------- ---------- ---------- ---------- ---------- ---------- ---------- (M) (N) (O) (P) (Q) (R) 1. Electric Operating Revenues $ -- $ -- $ (128,200) $ (126,332) $ 56,779 $ 56,237 2. Purchased Power and Fuel Costs 120,584 120,584 (151,868) (149,655) (34,970) (34,970) ---------- ---------- ---------- ---------- ---------- ---------- 3. Oper Rev Less Purch Pwr & Fuel Costs (120,584) (120,584) 23,668 23,323 91,749 91,207 Other Operating Expenses: 4. Operations Excluding Fuel Expense -- -- -- -- 14,110 14,086 5. Maintenance -- -- -- -- 18,549 18,390 ---------- ---------- ---------- ---------- ---------- ---------- 6. Subtotal -- -- -- -- 32,659 32,476 7. Depreciation and Amortization -- -- -- -- 41,541 41,469 8. Amortization of Gain -- -- -- -- -- -- 9. Administrative and General -- -- -- -- 8,797 8,782 10. Other Taxes -- -- -- -- 11,256 11,184 ---------- ---------- ---------- ---------- ---------- ---------- 11. Total -- -- -- -- 94,253 93,911 ---------- ---------- ---------- ---------- ---------- ---------- 12. Operating Income Before Income Tax (120,584) (120,584) 23,668 23,323 (2,504) (2,704) ---------- ---------- ---------- ---------- ---------- ---------- 13. Interest Expense -- -- -- -- 36,179 35,977 ---------- ---------- ---------- ---------- ---------- ---------- 14. Taxable Income (120,584) (120,584) 23,668 23,323 (38,683) (38,681) 15. Current Income Tax Rate - 39.5% (47,631) (47,631) 9,349 9,213 (15,280) (15,279) ---------- ---------- ---------- ---------- ---------- ---------- 16. Operating Income (line 12 - line 15) $ (72,953) $ (72,953) $ 14,319 $ 14,110 $ 12,776 $ 12,575 ========== ========== ========== ========== ========== ==========
(7) Adjustment to Test Year operations to include 2003 base fuel and purchased power cents/kWh costs at adjusted 2002 consumption. (8) Adjustment to Test Year operations to include off-system revenues consistent with the Base Fuel and Purchased Power pro forma adjustment. (9) Adjustment to Test Year operations to include the Pinnacle West Energy Units including West Phoenix Combined Cycle No. 4, West Phoenix Combined Cycle No. 5, Redhawk Combined Cycle No. 1, Redhawk Combined Cycle No. 2 and Saguaro Combustion Turbine No. 3. Schedule C-2 Page 3 of 10 ARIZONA PUBLIC SERVICE COMPANY Income Statement Pro Forma Adjustments Test Year Twelve Months Ended 12/31/2002 (Thousands of Dollars)
(10) (11) (12) Employee Annualize Payroll Employee Severance Benefits Adjustment Line ------------------------ ------------------------ ------------------------ No. Description Total Co. ACC Total Co. ACC Total Co. ACC ---- ----------- ---------- ---------- ---------- ---------- ---------- ---------- (S) (T) (U) (V) (W) (X) 1. Electric Operating Revenues $ -- $ -- $ -- $ -- $ -- $ -- 2. Purchased Power and Fuel Costs 7 7 -- -- 253 249 ---------- ---------- ---------- ---------- ---------- ---------- 3. Oper Rev Less Purch Pwr & Fuel Costs (7) (7) -- -- (253) (249) Other Operating Expenses: 4. Operations Excluding Fuel Expense 851 843 (23,155) (22,800) 18,623 18,375 5. Maintenance 173 171 -- -- 5,942 5,863 ---------- ---------- ---------- ---------- ---------- ---------- 6. Subtotal 1,024 1,014 (23,155) (22,800) 24,565 24,238 7. Depreciation and Amortization -- -- -- -- -- -- 8. Amortization of Gain -- -- -- -- -- -- 9. Administrative and General -- -- -- -- -- -- 10. Other Taxes -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 11. Total 1,024 1,014 (23,155) (22,800) 24,565 24,238 ---------- ---------- ---------- ---------- ---------- ---------- 12. Operating Income Before Income Tax (1,031) (1,021) 23,155 22,800 (24,818) (24,487) ---------- ---------- ---------- ---------- ---------- ---------- 13. Interest Expense -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 14. Taxable Income (1,031) (1,021) 23,155 22,800 (24,818) (24,487) 15. Current Income Tax Rate - 39.5% (406) (403) 9,146 9,006 (9,803) (9,672) ---------- ---------- ---------- ---------- ---------- ---------- 16. Operating Income (line 12 - line 15) $ (625) $ (618) $ 14,009 $ 13,794 $ (15,015) $ (14,815) ========== ========== ========== ========== ========== ==========
(10) Adjustment to Test Year operations to reflect the annualization of payroll and payroll taxes to employee levels at December 31, 2002 and salary levels at March 2003. (11) Adjustment to Test Year operations to reflect a three-year levelization of expenses incurred during the Test Year related to a voluntary severance and early retirement program offered by the Company. (12) Adjustment to Test Year operations to reflect increased employee benefits expenses. Schedule C-2 Page 4 of 10 ARIZONA PUBLIC SERVICE COMPANY Income Statement Pro Forma Adjustments Test Year Twelve Months Ended 12/31/2002 (Thousands of Dollars)
(13) (14) (15) On-Going Independent Spent On-Going Direct Fuel Storage Installation Access Expense ("ISFSI") Expense Transmission Expenses Line ------------------------ ------------------------ ------------------------ No. Description Total Co. ACC Total Co. ACC Total Co. ACC ---- ----------- ---------- ---------- ---------- ---------- ---------- ---------- (Y) (Z) (AA) (BB) (CC) (DD) 1. Electric Operating Revenues $ -- $ -- $ -- $ -- $ (2,310) $ -- 2. Purchased Power and Fuel Costs -- -- 2,881 2,839 -- -- ---------- ---------- ---------- ---------- ---------- ---------- 3. Oper Rev Less Purch Pwr & Fuel Costs -- -- (2,881) (2,839) (2,310) -- Other Operating Expenses: 4. Operations Excluding Fuel Expense 1,477 1,477 -- -- 112,362 92,266 5. Maintenance -- -- -- -- (610) (483) ---------- ---------- ---------- ---------- ---------- ---------- 6. Subtotal 1,477 1,477 -- -- 111,752 91,783 7. Depreciation and Amortization -- -- -- -- (29,163) (23,101) 8. Amortization of Gain -- -- -- -- -- -- 9. Administrative and General -- -- -- -- (5,814) (4,932) 10. Other Taxes -- -- -- -- (19,236) (15,283) ---------- ---------- ---------- ---------- ---------- ---------- 11. Total 1,477 1,477 -- -- 57,539 48,467 ---------- ---------- ---------- ---------- ---------- ---------- 12. Operating Income Before Income Tax (1,477) (1,477) (2,881) (2,839) (59,849) (48,467) ---------- ---------- ---------- ---------- ---------- ---------- 13. Interest Expense -- -- -- -- (18,756) (15,252) ---------- ---------- ---------- ---------- ---------- ---------- 14. Taxable Income (1,477) (1,477) (2,881) (2,839) (41,093) (33,215) 15. Current Income Tax Rate - 39.5% (583) (583) (1,138) (1,121) (16,232) (13,120) ---------- ---------- ---------- ---------- ---------- ---------- 16. Operating Income (line 12 - line 15) $ (894) $ (894) $ (1,743) $ (1,718) $ (43,617) $ (35,347) ========== ========== ========== ========== ========== ==========
(13) Adjustment to Test Year operations to include on-going costs of compliance with the Electric Competition Rules. Such costs were previously deferred and therefore were not included in Test Year operating expenses. (14) Adjustment to Test Year operations to reflect the on-going costs of ISFSI. Such System Benefits related costs were previously deferred and therefore were not included in Test Year operating expenses. (15) Adjustment to Test Year operations to remove transmission and ancillary services-related expenses from base rates and include OATT costs as an expense consistent with FERC rules requiring APS to take transmission and related ancillary services for the APS Standard Offer customers under the APS OATT. Schedule C-2 Page 5 of 10 ARIZONA PUBLIC SERVICE COMPANY Income Statement Pro Forma Adjustments Test Year Twelve Months Ended 12/31/2002 (Thousands of Dollars)
(16) (17) (18) Interest on Normalize Non-nuclear Normalize Nuclear Customer Deposits Maintenance Expense Maintenance Expense Line ------------------------ ------------------------ ------------------------ No. Description Total Co. ACC Total Co. ACC Total Co. ACC ---- ----------- ---------- ---------- ---------- ---------- ---------- ---------- (EE) (FF) (GG) (HH) (II) (JJ) 1. Electric Operating Revenues $ -- $ -- $ -- $ -- $ -- $ -- 2. Purchased Power and Fuel Costs -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 3. Oper Rev Less Purch Pwr & Fuel Costs -- -- -- -- -- -- Other Operating Expenses: 4. Operations Excluding Fuel Expense 875 875 -- -- -- -- 5. Maintenance -- -- (6,014) (5,933) (945) (935) ---------- ---------- ---------- ---------- ---------- ---------- 6. Subtotal 875 875 (6,014) (5,933) (945) (935) 7. Depreciation and Amortization -- -- -- -- -- -- 8. Amortization of Gain -- -- -- -- -- -- 9. Administrative and General -- -- -- -- -- -- 10. Other Taxes -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 11. Total 875 875 (6,014) (5,933) (945) (935) ---------- ---------- ---------- ---------- ---------- ---------- 12. Operating Income Before Income Tax (875) (875) 6,014 5,933 945 935 ---------- ---------- ---------- ---------- ---------- ---------- 13. Interest Expense -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 14. Taxable Income (875) (875) 6,014 5,933 945 935 15. Current Income Tax Rate - 39.5% (345) (346) 2,376 2,344 373 369 ---------- ---------- ---------- ---------- ---------- ---------- 16. Operating Income (line 12 - line 15) $ (530) $ (529) $ 3,638 $ 3,589 $ 572 $ 566 ========== ========== ========== ========== ========== ==========
(16) Adjustment to Test Year operations to reflect the operating income impact of interest on customer deposits. (17) Adjustment to Test Year operations to reflect the normalization of fossil production maintenance expense and to include the O&M costs of generators acquired for compliance with the Environmental Portfolio Standard. (18) Adjustment to Test Year operations to reflect the normalization of nuclear production maintenance expense. Schedule C-2 Page 6 of 10 ARIZONA PUBLIC SERVICE COMPANY Income Statement Pro Forma Adjustments Test Year Twelve Months Ended 12/31/2002 (Thousands of Dollars)
(19) (20) (21) Annualize Depreciation and Amortization Regulatory Assets ISFSI Asset Line ------------------------ ------------------------ ------------------------ No. Description Total Co. ACC Total Co. ACC Total Co. ACC ---- ----------- ---------- ---------- ---------- ---------- ---------- ---------- (KK) (LL) (MM) (NN) (OO) (PP) 1. Electric Operating Revenues $ -- $ -- $ -- $ -- $ -- $ -- 2. Purchased Power and Fuel Costs -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 3. Oper Rev Less Purch Pwr & Fuel Costs -- -- -- -- -- -- Other Operating Expenses: 4. Operations Excluding Fuel Expense -- -- -- -- -- -- 5. Maintenance -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 6. Subtotal -- -- -- -- -- -- 7. Depreciation and Amortization 3,027 2,373 (111,754) (111,760) 8,251 8,130 8. Amortization of Gain -- -- -- -- -- -- 9. Administrative and General -- -- -- -- -- -- 10. Other Taxes -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 11. Total 3,027 2,373 (111,754) (111,760) 8,251 8,130 ---------- ---------- ---------- ---------- ---------- ---------- 12. Operating Income Before Income Tax (3,027) (2,373) 111,754 111,760 (8,251) (8,130) ---------- ---------- ---------- ---------- ---------- ---------- 13. Interest Expense -- -- (1,819) (1,819) 76 74 ---------- ---------- ---------- ---------- ---------- ---------- 14. Taxable Income (3,027) (2,373) 113,573 113,579 (8,327) (8,204) 15. Current Income Tax Rate - 39.5% (1,196) (937) 44,861 44,864 (3,288) (3,241) ---------- ---------- ---------- ---------- ---------- ---------- 16. Operating Income (line 12 - line 15) $ (1,831) $ (1,436) $ 66,893 $ 66,896 $ (4,963) $ (4,889) ========== ========== ========== ========== ========== ==========
(19) Adjustment to Test Year operations to reflect the requested changes to depreciation rates. (20) Adjustment to Test Year operations to remove the amortization of regulatory assets which will be fully amortized by June 30, 2004 and to include amortization of continuing regulatory assets. (21) Adjustment to Test Year operations to reflect the amortization of the System Benefits related ISFSI regulatory asset. Schedule C-2 Page 7 of 10 ARIZONA PUBLIC SERVICE COMPANY Income Statement Pro Forma Adjustments Test Year Twelve Months Ended 12/31/2002 (Thousands of Dollars)
(22) (23) (24) Reversal of Nuclear Annualize Property Tax Settlement Write-Off Decommissioning Funds to Year Ending 12-31-2002 Line ------------------------ ------------------------ ------------------------- No. Description Total Co. ACC Total Co. ACC Total Co. ACC ---- ----------- ---------- ---------- ---------- ---------- ---------- ---------- (QQ) (RR) (SS) (TT) (UU) (VV) 1. Electric Operating Revenues $ -- $ -- $ -- $ -- $ -- $ -- 2. Purchased Power and Fuel Costs -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 3. Oper Rev Less Purch Pwr & Fuel Costs -- -- -- -- -- -- Other Operating Expenses: 4. Operations Excluding Fuel Expense -- -- -- -- -- -- 5. Maintenance -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 6. Subtotal -- -- -- -- -- -- 7. Depreciation and Amortization 15,600 15,600 7,766 7,653 -- -- 8. Amortization of Gain -- -- -- -- -- -- 9. Administrative and General -- -- -- -- -- -- 10. Other Taxes -- -- -- -- 10,199 10,091 ---------- ---------- ---------- ---------- ---------- ---------- 11. Total 15,600 15,600 7,766 7,653 10,199 10,091 ---------- ---------- ---------- ---------- ---------- ---------- 12. Operating Income Before Income Tax (15,600) (15,600) (7,766) (7,653) (10,199) (10,091) ---------- ---------- ---------- ---------- ---------- ---------- 13. Interest Expense 4,094 4,094 -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 14. Taxable Income (19,694) (19,694) (7,766) (7,653) (10,199) (10,091) 15. Current Income Tax Rate - 39.5% (7,779) (7,779) (3,068) (3,023) (4,029) (3,986) ---------- ---------- ---------- ---------- ---------- ---------- 16. Operating Income (line 12 - line 15) $ (7,821) $ (7,821) $ (4,698) $ (4,630) $ (6,170) $ (6,105) ========== ========== ========== ========== ========== ==========
(22) Adjustment to Test Year operations to include a 15-year amortization restoring the $234 million disallowance taken by the Company in consideration of certain benefits previously agreed to under the 1999 Settlement. (23) Adjustment to Test Year operations to increase contributions to the nuclear decommissioning trust funds. (24) Adjustment to Test Year operations to reflect property taxes calculated using December 31, 2002 plant balances. Schedule C-2 Page 8 of 10 ARIZONA PUBLIC SERVICE COMPANY Income Statement Pro Forma Adjustments Test Year Twelve Months Ended 12/31/2002 (Thousands of Dollars)
(25) (26) (27) Income Tax/ Synchronized Interest Financing Application on Test Year Rate Base Miscellaneous Adjustments Line ------------------------ ------------------------ ------------------------- No. Description Total Co. ACC Total Co. ACC Total Co. ACC ---- ----------- ---------- ---------- ---------- ---------- ---------- ---------- (WW) (XX) (YY) (ZZ) (AAA) (BBB) 1. Electric Operating Revenues $ -- $ -- $ -- $ -- $ 6,117 $ 6,114 2. Purchased Power and Fuel Costs -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 3. Oper Rev Less Purch Pwr & Fuel Costs -- -- -- -- 6,117 6,114 Other Operating Expenses: 4. Operations Excluding Fuel Expense -- -- -- -- (699) (707) 5. Maintenance -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 6. Subtotal -- -- -- -- (699) (707) 7. Depreciation and Amortization -- -- -- -- -- -- 8. Amortization of Gain (3,416) (3,416) -- -- -- -- 9. Administrative and General -- -- -- -- -- -- 10. Other Taxes -- -- -- -- -- -- ---------- ---------- ---------- ---------- ---------- ---------- 11. Total (3,416) (3,416) -- -- (699) (707) ---------- ---------- ---------- ---------- ---------- ---------- 12. Operating Income Before Income Tax 3,416 3,416 -- -- 6,816 6,821 ---------- ---------- ---------- ---------- ---------- ---------- 13. Interest Expense -- -- (12,783) (12,363) -- -- ---------- ---------- ---------- ---------- ---------- ---------- 14. Taxable Income 3,416 3,416 12,783 12,363 6,816 6,821 15. Current Income Tax Rate - 39.5% 1,349 1,349 5,049 4,883 2,692 2,694 ---------- ---------- ---------- ---------- ---------- ---------- 16. Operating Income (line 12 - line 15) $ 2,067 $ 2,067 $ (5,049) $ (4,883) $ 4,124 $ 4,127 ========== ========== ========== ========== ========== ==========
(25) Adjustment to Test Year operations to reflect 264 basis point differential specified in Commission Decision No. 65796. (26) Adjustment to Test Year operations to reflect the synchronization of interest expense using the adjusted year-end 2002 capital structure and cost of long-term debt, as well as the use of the statutory income tax rate. (27) Adjustment to Test Year operations to eliminate non-recurring and out-of-period expenses. Schedule C-2 Page 9 of 10 ARIZONA PUBLIC SERVICE COMPANY Income Statement Pro Forma Adjustments Test Year Twelve Months Ended 12/31/2002 (Thousands of Dollars) (28) Total Income Statement Adjustments (a) Line ------------------------- No. Description Total Co. ACC ---- ----------- ---------- ---------- (CCC) (DDD) 1. Electric Operating Revenues $ (115,217) $ (111,584) 2. Purchased Power and Fuel Costs (59,161) (56,994) ---------- ---------- 3. Oper Rev Less Purch Pwr & Fuel Costs (56,056) (54,590) Other Operating Expenses: 4. Operations Excluding Fuel Expense 100,138 80,109 5. Maintenance 17,095 17,073 ---------- ---------- 6. Subtotal 117,233 97,182 7. Depreciation and Amortization (64,732) (59,636) 8. Amortization of Gain (3,416) (3,416) 9. Administrative and General 2,983 3,850 10. Other Taxes 2,219 5,992 ---------- ---------- 11. Total 54,287 43,972 ---------- ---------- 12. Operating Income Before Income Tax (110,343) (98,562) ---------- ---------- 13. Interest Expense 6,991 10,711 ---------- ---------- 14. Taxable Income (117,334) (109,273) 15. Current Income Tax Rate - 39.5% (46,347) (43,163) ---------- ---------- 16. Operating Income (line 12 - line 15) $ (63,996) $ (55,399) ========== ========== Recap Schedules: ---------------- (a) C-1 Schedule C-2 Page 10 of 10 Schedule C-3 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Computation of Gross Revenue Conversion Factor Test Year Ending December 31, 2002
Percentage of Line Incremental Line No. Description Gross Revenues No. ---- ----------- -------------- ---- 1. Federal Income Taxes 32.57% 1. 2. State Income Taxes 6.93% 2. ------ 3. Total Tax Percentage 39.50% 3. 4. Operating Income % = 100% - Tax Percentage 60.50% 4. 5. 1/Operating Income % = Gross Revenue Conversion Factor 1.6529 5.
Supporting Schedules: Recap Schedules: --------------------- ---------------- N/A A-1 ARIZONA PUBLIC SERVICE COMPANY Summary Cost of Capital (Thousands of Dollars)
End of Test Year 12/31/02 (f) End of Projected Year 12/31/03 ------------------------------------------- -------------------------------------------- Cost Cost Line Rate Composite Rate Composite No. Invested Capital Amount % (e) Cost Amount % (e) Cost ---- ---------------- ----------- ------- ------- ------- ----------- ------- ------- ------- 1. Long-Term Debt (a) $ 2,139,955 49.77% 5.81% 2.89% $ 2,637,848 54.95% 5.76% 3.17% 2. Preferred Stock (b) -- 0.00% 0.00% 0.00% -- 0.00% 0.00% 0.00% 3. Common Equity (c) 2,159,312 50.23% 11.50% 5.78% 2,162,314 45.05% 11.50% 5.18% 4. Short-Term Debt (a)(g) -- 0.00% 0.00% 0.00% -- 0.00% 0.00% 0.00% 5. Deferrals (d) -- 0.00% 0.00% 0.00% -- 0.00% 0.00% 0.00% ----------- ------- ------- ----------- ------- ------- 6. Total $ 4,299,267 100.00% 8.67% $ 4,800,162 100.00% 8.35% ----------- ------- ------- ----------- ------- ------- End of Projected Year 12/31/04 with Proposed Rates -------------------------------------------------- Cost Line Rate Composite Line No. Invested Capital Amount % (e) Cost No. ---- ---------------- ----------- ------- ------- ------- ---- 1. Long-Term Debt (a) $ 2,630,656 49.43% 5.89% 2.91% 1. 2. Preferred Stock (b) -- 0.00% 0.00% 0.00% 2. 3. Common Equity (c) 2,690,969 50.57% 11.50% 5.82% 3. 4. Short-Term Debt (a)(g) -- 0.00% 0.00% 0.00% 4. 5. Deferrals (d) -- 0.00% 0.00% 0.00% 5. ----------- ------- ------- 6. Total $ 5,321,625 100.00% 8.73% 6. ----------- ------- -------
Supporting Schedules: Recap Schedules: --------------------- ---------------- (a) D-2 (e) A-3 (b) D-3 (c) D-4 (d) E-1 (f) Adjusted for M&R calls and PC bond rate resets announced through 6/15/03. (g) Under FERC regulations, short-term debt is utilized as a source of financing on Construction Work In Process, therefore recoverable through AFUDC provisions. Schedule D-1 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Cost of Long-Term and Short-Term Debt (Thousands of Dollars)
End of Test Year 12/31/02 End of Projected Year 12/31/2003 ------------------------------ -------------------------------- Line Annual Annual No. Description of Debt Outstanding Interest * Outstanding Interest * ---- ------------------- ----------- ----------- ----------- ----------- Long-Term: 1. First Mortgage Bonds $ 259,000 $ 15,910 $ 259,000 $ 15,910 2. Pollution Control Indebtedness 386,860 8,449 386,860 10,144 3. Capitalized Lease obligation 20,400 1,180 18,293 1,058 4. Other Long-Term Debt - Senior Notes 173,695 10,290 173,695 10,305 5. Other Long-Term Debt - Unsecured Notes 1,300,000 88,486 1,800,000 114,518 6. Other -- -- -- -- ----------- ----------- ----------- ----------- 7. Total Long-Term (a) ** $ 2,139,955 (b) $ 124,315 $ 2,637,848 $ 151,935 ----------- ----------- ----------- ----------- ------ ------ 8. Cost Rate (a) 5.81% 5.76% ------ ------ Short-term: 9. Commercial Paper -- -- -- -- ----------- ----------- ----------- ----------- 10. Total Short-Term (a) -- *** -- -- *** -- ----------- ----------- ----------- ----------- ------ ------ 11. Cost Rate (a) N/A N/A ------ ------ End of Projected Year 12/31/2004 with Proposed Rates -------------------------------- Line Annual Line No. Description of Debt Outstanding Interest * No. ---- ------------------- ----------- ----------- ---- Long-Term: 1. First Mortgage Bonds -- -- 1. 2. Pollution Control Indebtedness 565,860 22,443 2. 3. Capitalized Lease obligation 16,101 932 3. 4. Other Long-Term Debt - Senior Notes 173,695 10,305 4. 5. Other Long-Term Debt - Unsecured Notes 1,875,000 121,186 5. 6. Other -- -- 6. ----------- ----------- 7. Total Long-Term (a) ** $ 2,630,656 $ 154,866 7. ----------- ----------- ------ 8. Cost Rate (a) 5.89% 8. ------ Short-term: 9. Commercial Paper -- -- 9. ----------- ----------- 10. Total Short-Term (a) -- *** -- 10. ----------- ----------- ------ 11. Cost Rate (a) N/A 11. ------
* Including amortization of discount, premium and expense. ** Excludes unamortized discount. *** Under FERC regulations, short-term debt is utilized as a source of financing on Construction Work In Process, therefore recoverable through AFUDC provisions. Supporting Schedules: Recap Schedules: --------------------- ---------------- (b) E-1 (adjusted for M&R calls and PC bond (a) D-1 rate resets announced through 6/15/03). Schedule D-2 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Cost of Preferred Stock (Thousands of Dollars)
End of Test Year 12/31/02 End of Projected Year 12/31/03 ---------------------------------- ---------------------------------- Line Shares Dividend Shares Dividend No. Description of Issue Outstanding Amount Requirement Outstanding Amount Requirement ---- -------------------- ---------------------------------- ---------------------------------- 1. N/A N/A N/A N/A N/A N/A N/A ---------------------------------- ---------------------------------- 2. Total (a) (b) N/A N/A N/A N/A N/A N/A ---------------------------------- ---------------------------------- 3. Cost Rate (a) N/A N/A N/A N/A N/A N/A End of Projected Year 12/31/04 with Proposed Rates ---------------------------------- Line Shares Dividend Line No. Description of Issue Outstanding Amount Requirement No. ---- -------------------- ---------------------------------- ---- 1. N/A N/A N/A N/A 1. ---------------------------------- 2. Total (a) (b) N/A N/A N/A 2. ---------------------------------- 3. Cost Rate (a) N/A N/A N/A 3.
Supporting Schedules: Recap Schedules: --------------------- ---------------- (b) E-1 (a) D-1 Schedule D-3 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Cost of Common Equity A return on average common equity of at least 11.25% to 11.75% is necessary for the Company to attract and maintain investors in its common equity capital. For purposes of this filing, the Company is willing to accept a return on common equity capital in the middle of that range of 11.50%. Supporting Schedules Recap Schedules -------------------- --------------- N/A D-1 Schedule D-4 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Schedule E-1 Comparative Balance Sheets Page 1 of 2 Test Year 12/31/02 and Two Prior Years (Dollars in Thousands)
Test Year Prior Year Prior Year Line Ended Ended Ended Line No. Description 12/31/2002 12/31/2001 12/31/2000 No. ---- ----------- ----------- ----------- ----------- ---- UTILITY PLANT: 1. Electric plant in service and held for future use $ 8,299,131 $ 7,935,206 $ 7,638,687 1. 2. Less accumulated depreciation and amortization 3,442,571 3,287,333 3,115,383 2. ----------- ----------- ----------- 3. Total 4,856,560 4,647,873 4,523,304 3. 4. Construction work in progress 329,089 321,305 245,749 4. 5. Intangible assets, net of accumulated amortization 93,259 83,135 94,393 5. 6. Nuclear fuel, net of amortization 7,466 6,933 7,071 6. ----------- ----------- ----------- 7. Utility plant - net (a) 5,286,374 5,059,246 4,870,517 7. ----------- ----------- ----------- INVESTMENTS AND OTHER ASSETS : 8. Decommissioning trust accounts 194,440 202,036 204,716 8. 9. Assets from risk management activities-long term 31,622 2,082 32,955 9. 10. Other assets 19,964 76,322 45,841 10. ----------- ----------- ----------- 11. Total investments and other assets 246,026 280,440 283,512 11. ----------- ----------- ----------- CURRENT ASSETS: 12. Cash and cash equivalents 42,549 16,821 2,609 12. 13. Accounts receivable: 13. 14. Service customers 136,945 182,749 422,012 14. 15. Other 202,597 55,016 25,089 15. 16. Allowance for doubtful accounts (1,341) (3,349) (2,380) 16. 17. Accrued utility revenues 72,915 76,131 74,566 17. 18. Materials and supplies, at average cost 79,985 81,215 71,966 18. 19. Fossil fuel, at average cost 28,185 27,023 19,405 19. 20. Deferred Income tax 4,094 -- 5,793 20. 21. Assets from risk management activities 39,616 10,097 17,506 21. 22. Other 45,361 42,009 38,414 22. ----------- ----------- ----------- 23. Total current assets 650,906 487,712 674,980 23. ----------- ----------- ----------- DEFERRED DEBITS: 24. Regulatory assets 241,045 342,383 469,867 24. 25. Unamortized debt issue costs 16,696 13,163 12,805 25. 26. Other 80,760 42,789 37,928 26. ----------- ----------- ----------- 27. Total deferred debits 338,501 398,335 520,600 27. ----------- ----------- ----------- 28. TOTAL ASSETS $ 6,521,807 $ 6,225,733 $ 6,349,609 28. =========== =========== ===========
Supporting Schedules: Recap Schedules: --------------------- ---------------- (a) E-5 N/A - See Next Page ARIZONA PUBLIC SERVICE COMPANY Schedule E-1 Comparative Balance Sheets Page 2 of 2 Test Year 12/31/02 and Two Prior Years (Dollars in Thousands)
Test Year Year Year Line Ended Ended Ended Line No. Description 12/31/2002 12/31/2001 12/31/2000 No. ---- ----------- ----------- ----------- ----------- ---- CAPITALIZATION: 1. Common stock $ 178,162 $ 178,162 $ 178,162 1. 2. Additional paid-in capital 1,246,804 1,246,804 1,246,804 2. 3. Retained earnings 819,632 790,289 694,802 3. 4. Accumulated other comprehensive loss: 4. 5. Minimum pension liability adjustment (61,487) (966) -- 5. 6. Derivative instruments (23,799) (63,599) -- 6. ----------- ----------- ----------- 7. Common stock equity (b) 2,159,312 2,150,690 2,119,768 7. 8. Long-term debt less current maturities (b) 2,217,340 1,949,074 1,806,908 8. ----------- ----------- ----------- 9. Total capitalization 4,376,652 4,099,764 3,926,676 9. ----------- ----------- ----------- CURRENT LIABILITIES: 10. Commercial paper -- 171,162 82,100 10. 11. Current maturities of long-term debt (b) 3,503 125,451 250,266 11. 12. Accounts payable 118,133 98,959 267,999 12. 13. Accrued taxes 82,557 107,595 106,515 13. 14. Accrued interest 42,608 41,043 39,488 14. 15. Customer deposits 39,865 28,664 24,498 15. 16. Deferred income taxes -- 3,244 -- 16. 17. Liabilities from risk management activities 59,773 21,840 37,179 17. 18. Other 51,820 18,798 81,325 18. ----------- ----------- ----------- 19. Total current liabilities 398,259 616,756 889,370 19. ----------- ----------- ----------- DEFERRED CREDITS AND OTHER: 20. Deferred income taxes 1,225,552 1,023,079 1,110,437 20. 21. Liabilities from risk management activities-long term 36,678 95,159 14,711 21. 22. Unamortized gain - sale of utility plant 59,484 64,060 68,636 22. 23. Customer advances for construction 45,513 69,293 40,694 23. 24. Pension liability 156,442 30,247 62,193 24. 25. Other 223,227 227,375 236,892 25. ----------- ----------- ----------- 26. Total deferred credits and other 1,746,896 1,509,213 1,533,563 26. ----------- ----------- ----------- ----------- ----------- ----------- 27. TOTAL LIABILITIES AND EQUITY $ 6,521,807 $ 6,225,733 $ 6,349,609 27. =========== =========== ===========
Supporting Schedule: Recap Schedules: -------------------- ---------------- N/A - See Previous Page (b) A-3 ARIZONA PUBLIC SERVICE COMPANY Schedule E-2 Comparative Income Statements Page 1 of 1 Test Year Ended 12/31/02 and Two Prior Years (Dollars in Thousands Except per Share Amounts)
Test Year Prior Year Prior Year Line Ended Ended Ended Line No. Description 12/31/2002 12/31/2001 12/31/2000 No. ---- ----------- ------------ ------------ ------------ ---- (a) (b) (c) 1. Electric Operating Revenues $ 2,093,393 $ 3,111,328 $ 2,934,142 1. 2. Purchased Power and Fuel Costs 628,030 1,541,179 1,332,628 2. ------------ ------------ ------------ 3. Operating Revenues Less Fuel Expenses 1,465,363 1,570,149 1,601,514 3. ------------ ------------ ------------ 4. Other Operating Expenses: 4. 5. Operations and maintenance excluding fuel expenses 495,845 465,561 430,092 5. 6. Depreciation and amortization 399,640 420,893 425,479 6. 7. Income taxes 132,953 183,640 199,977 7. 8. Other taxes 107,925 101,077 99,730 8. ------------ ------------ ------------ 9. Total 1,136,363 1,171,171 1,155,278 9. ------------ ------------ ------------ 10. Operating Income 329,000 398,978 446,236 10. ------------ ------------ ------------ 11. Other Income (Deductions) 11. 12. Income taxes 6,148 504 4,312 12. 13. Other income 5,149 20,207 9,690 13. 14. Other expense (19,338) (20,790) (20,547) 14. ------------ ------------ ------------ 15. Total (8,041) (79) (6,545) 15. ------------ ------------ ------------ 16. Income Before Interest Deductions 320,959 398,899 439,691 16. ------------ ------------ ------------ 17. Interest Deductions 17. 18. Interest on long-term debt 128,462 126,118 134,431 18. 19. Interest on short-term borrowings 5,416 4,407 7,455 19. 20. Debt discount, premium and expense 2,888 2,650 2,105 20. 21. Capitalized interest (15,150) (14,964) (10,894) 21. ------------ ------------ ------------ 22. Total 121,616 118,211 133,097 22. ------------ ------------ ------------ 23. Income Before Accounting Change 199,343 280,688 306,594 23. 24. Cumulative effect of change in accounting for 24. derivatives-net on income taxes -- (15,201) -- ------------ ------------ ------------ 25. Net Income $ 199,343 $ 265,487 $ 306,594 25. ------------ ------------ ------------ 26. Preferred Dividends -- -- -- 26. ------------ ------------ ------------ 27. Earnings Available for Common Stock $ 199,343 $ 265,487 $ 306,594 27. ============ ============ ============ 28. Average Common Shares Outstanding 71,264,947 71,264,947 71,264,947 28. Earnings Per Share of Average Common ------------ ------------ ------------ 29. Stock Outstanding $ 2.80 $ 3.73 $ 4.30 29. ============ ============ ============
Supporting Schedules: Recap Schedules: --------------------- ---------------- N/A A-2 ARIZONA PUBLIC SERVICE COMPANY Schedule E-3 Comparative Statements of Cash Flows Page 1 of 1 Test Year 12/31/02 and Two Prior Years (Dollars in Thousands)
Test Year Prior Year Prior Year Line As Of As Of As Of Line No. Description 12/31/2002 12/31/2001 12/31/2000 No. ---- ----------- ---------- ---------- ---------- ---- Cash Flows from Operating Activities: 1. Net income $ 199,343 $ 265,487 $ 306,594 1. Items Not Requiring Cash: 2. Depreciation and amortization 399,640 420,893 425,479 2. 3. Nuclear fuel amortization 31,185 28,362 30,083 3. 4. Deferred income taxes 206,767 (26,516) (65,726) 4. 5. Change in mark-to-market 2,957 (100,030) (11,752) 5. 6. Cumulative effect of change in accounting-net of income taxes -- 15,201 -- 6. Changes in Certain Current Assets and Liabilities: 7. Accounts receivable (102,450) 302,283 (209,705) 7. 8. Materials, supplies and fossil fuel 68 (16,867) 475 8. 9. Other current assets (136) (5,160) (26,682) 9. 10. Accounts payable 15,372 (190,141) 101,558 10. 11. Accrued taxes (25,038) 1,080 43,657 11. 12. Accrued interest 1,565 1,555 7,189 12. 13. Other current liabilities 44,224 (58,361) 101,685 13. 14. Increase in regulatory assets (11,029) (17,516) (14,138) 14. 15. Change in risk management - assets (22,570) 10,730 13,181 15. 16. Change in customer advances (23,780) 28,599 2,544 16. 17. Change in pension liability 5,415 (30,346) (18,373) 17. 18. Change in other net long-term assets (18,923) (14,192) 64,998 18. 19. Change in other net long-term liabilities 1,902 (9,986) (27,396) 19. ---------- ---------- ---------- 20. Net cash flow provided by operating activities 704,512 605,075 723,671 20. ---------- ---------- ---------- Cash Flows from Investing Activities: 21. Capital expenditures (490,156) (465,360) (464,368) 21. 22. Capitalized interest (15,150) (14,964) (10,894) 22. 23. Other 44,918 (41,926) (72,189) 23. ---------- ---------- ---------- 24. Net cash flow used for investing activities (460,388) (522,250) (547,451) 24. ---------- ---------- ---------- Cash Flows from Financing Activities: 25. Issuance of long-term debt 459,926 396,072 300,000 25. 26. Short-term borrowings (171,162) 89,062 43,800 26. 27. Dividends paid on common stock (170,000) (170,000) (170,000) 27. 28. Repayment and reacquisition of long-term debt (337,160) (383,747) (354,888) 28. ---------- ---------- ---------- 29. Net cash flow used for financing activities (218,396) (68,613) (181,088) 29. ---------- ---------- ---------- 30. Net increase (decrease) in cash and cash equivalents 25,728 14,212 (4,868) 30. 31. Cash and cash equivalents at beginning of period 16,821 2,609 7,477 31. ---------- ---------- ---------- 32. Cash and cash equivalents at end of period $ 42,549 $ 16,821 $ 2,609 32. ========== ========== ==========
Schedule E-4 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Statement of Changes In Stockholders' Equity Test Year 12/31/02 and Two Prior Years (Dollars in Thousands)
Preferred Common Additional Line Preferred Stock Common Stock Paid-In Retained No. Description Shares Amount Shares Amount Capital Earnings ---- ----------- ---------- ---------- ---------- ---------- ---------- ---------- 1 Balance at January 1, 2000 -- $ -- 71,264,947 $ 178,162 $1,246,804 $ 558,208 2 Net income 306,594 3 Preferred stock dividends -- 4 Common stock dividends (170,000) ---------- ---------- ---------- ---------- ---------- ---------- 5 Balance at December 31, 2000 -- -- 71,264,947 178,162 1,246,804 694,802 ---------- ---------- ---------- ---------- ---------- ---------- 6 Net income 265,487 7 Minimum pension liability adjustment, net of tax of $634 8 Cumulative effect of a change in accounting for derivatives, net of tax of $47,404 9 Unrealized loss on derivative instruments, net of tax of $71,720 10 Reclassification of realized gain to income, net of tax of $17,399 ---------- 11 Comprehensive Income 265,487 12 Preferred stock dividends -- 13 Common stock dividends (170,000) ---------- ---------- ---------- ---------- ---------- ---------- 14 Balance at December 31, 2001 -- -- 71,264,947 178,162 1,246,804 790,289 ---------- ---------- ---------- ---------- ---------- ---------- 15 Net income 199,343 16 Minimum pension liability adjustment, net of tax of $39,696 17 Unrealized gain on derivative instruments, net of tax of $25,426 18 Reclassification of realized loss to income, net of tax of $679 ---------- 19 Comprehensive Income 199,343 20 Preferred stock dividends -- 21 Common stock dividends (170,000) ---------- ---------- ---------- ---------- ---------- ---------- 22 Balance at December 31, 2002 -- $ -- 71,264,947 $ 178,162 $1,246,804 $ 819,632 ========== ========== ========== ========== ========== ========== Accumulated Other Line Comprehensive Line No. Description Loss Total No. ---- ----------- ---------- ---------- ---- 1 Balance at January 1, 2000 $ -- $1,983,174 1 2 Net income 306,594 2 3 Preferred stock dividends -- 3 4 Common stock dividends (170,000) 4 ---------- ---------- 5 Balance at December 31, 2000 -- 2,119,768 5 ---------- ---------- 6 Net income 265,487 6 7 Minimum pension liability adjustment, 7 net of tax of $634 (966) (966) 8 Cumulative effect of a change in accounting 8 for derivatives, net of tax of $47,404 72,274 72,274 9 Unrealized loss on derivative instruments, 9 net of tax of $71,720 (109,346) (109,346) 10 Reclassification of realized gain to income, 10 net of tax of $17,399 (26,527) (26,527) ---------- ---------- 11 Comprehensive Income (64,565) 200,922 11 12 Preferred stock dividends -- 12 13 Common stock dividends (170,000) 13 ---------- ---------- 14 Balance at December 31, 2001 (64,565) 2,150,690 14 ---------- ---------- 15 Net income 199,343 15 16 Minimum pension liability adjustment, 16 net of tax of $39,696 (60,521) (60,521) 17 Unrealized gain on derivative instruments, 17 net of tax of $25,426 38,764 38,764 18 Reclassification of realized loss to income, 18 net of tax of $679 1,036 1,036 ---------- ---------- 19 Comprehensive Income (20,721) 178,622 19 20 Preferred stock dividends -- 20 21 Common stock dividends (170,000) 21 ---------- ---------- 22 Balance at December 31, 2002 $ (85,286) $2,159,312 22 ========== ==========
Supporting Schedules: Recap Schedules: --------------------- ---------------- N/A N/A ARIZONA PUBLIC SERVICE COMPANY Schedule E-5 Detail of Utility Plant Page 1 of 6 Test Year Ended 12/31/02 & Prior Year Ended 12/31/01 (Thousands of Dollars)
Test Year Prior Year Line Account Ended Bal. Ended Bal. Line No. Account Description Number 12/31/2002 12/31/2001 No. ---- ------------------- ----------- ----------- ----------- ---- Gross Plant Includible in Rate Base: 1. Plant in Service 101 $ 8,486,874 $ 8,094,720 1. 2. Less: Accum. Depreciation-Plant in Service 108 3,421,819 3,268,321 2. 3. Accum. Amortization-Plant in Service 111 120,728 104,140 3. ----------- ----------- 4. Net Plant Includible in Rate Base 4,944,327 4,722,259 4. ----------- ----------- 5. Nuclear fuel, net of amortization 120.2-120.5 7,466 6,933 5. ----------- ----------- 6. Construction Work in Progress 107 312,852 302,633 6. 7. Nuclear Fuel in Process 120.1 16,236 18,672 7. ----------- ----------- 8. Total Construction Work in Progress 329,088 321,305 8. ----------- ----------- 9. Plant Held for Future Use 105 5,493 10,387 9. 10. Less: Accum Depreciation Related to Plant Held for Future Use 108 - 1,638 10. ----------- ----------- 11. Net Plant held for Future Use 5,493 8,749 11. ----------- ----------- ----------- ----------- 12. Utility Plant - Net $ 5,286,374 $ 5,059,246 12. =========== ===========
Supporting Schedules: Recap Schedules: -------------------- ---------------- N/A E-1 A-4 ARIZONA PUBLIC SERVICE COMPANY Schedule E-5 Detail of Plant Includible in Rate Base Page 2 of 6 Test Year Ended 12/31/02 & Prior Year Ended 12/31/01 (Thousands of Dollars)
Prior Year Net Test Year Line Account Ended Bal. Additions Ended Bal. Line No. No. Account Description 12/31/2001 (12 Months) 12/31/2002 No. ---- ------- ------------------- ---------- ---------- ---------- ---- Intangible Plant: 1. 301 Organization $ 74 -- $ 74 1. 2. 302 Franchises and Consents 883 1 884 2. 3. 303 Miscellaneous Intangible Plant 168,943 32,607 201,550 3. ---------- ---------- ---------- 4. Total Intangible Plant $ 169,900 32,608 $ 202,508 4. ---------- ---------- ---------- Production Plant: Steam Production Plant: 5. 310 Land and Land Rights 3,294 1 3,295 5. 6. 311 Structures and Improvements 116,250 (300) 115,950 6. 7. 312 Boiler Plant Equipment 767,931 32,527 800,458 7. 8. 314 Turbogenerator Units 183,786 4,417 188,203 8. 9. 315 Accessory Electric Equipment 135,922 (899) 135,023 9. 10. 316 Miscellaneous Power Plant Equip 47,909 5,433 53,342 10. ---------- ---------- ---------- 11. Total Steam Production Plant $1,255,092 $ 41,179 $1,296,271 11. ---------- ---------- ---------- Nuclear Production Plant: 12. 320 Land and Land Rights 3,400 -- 3,400 12. 13. 321 Structures and Improvements 626,488 7,912 634,400 13. 14. 322 Boiler Plant Equipment 966,970 (63) 966,907 14. 15. 323 Turbogenerator Units 340,626 980 341,606 15. 16. 324 Accessory Electric Equipment 273,760 (139) 273,621 16. 17. 325 Miscellaneous Power Plant Equip 131,768 688 132,456 17. ---------- ---------- ---------- 18. Total Nuclear Production Plant $2,343,012 $ 9,378 $2,352,390 18. ---------- ---------- ----------
Supporting Schedules: Recap Schedule: --------------------- --------------- N/A E-5, page 1 of 6 ARIZONA PUBLIC SERVICE COMPANY Schedule E-5 Detail of Plant Includible in Rate Base Page 3 of 6 Test Year Ended 12/31/02 & Prior Year Ended 12/31/01 (Thousands of Dollars)
Prior Year Net Test Year Line Account Ended Bal. Additions Ended Bal. Line No. No. Account Description 12/31/2001 (12 Months) 12/31/2002 No. ---- ------- ------------------- ---------- ---------- ---------- ---- Hydraulic Production Plant: 1. 330 Land and Land Rights $ 65 -- $ 65 1. 2. 331 Structures and Improvements 101 -- 101 2. 3. 332 Reservoirs, Dams and Waterways 992 -- 992 3. 4. 333 Water Wheels, Turbines and Generators 157 -- 157 4. 5. 334 Accessory Electric Equipment 628 -- 628 5. 6. 335 Miscellaneous Power Plant Equip 126 -- 126 6. 7. 336 Roads, Railroads and Bridges 77 -- 77 7. ---------- ---------- ---------- 8. Total Hydraulic Production Plant $ 2,146 -- $ 2,146 8. ---------- ---------- ---------- Other Production Plant: 9. 340 Land and Land Rights 28 -- 28 9. 10. 341 Structures and Improvements 6,513 3,155 9,668 10. 11. 342 Fuel Holders, Producers and Accessories 23,760 2,416 26,176 11. 12. 343 Prime Movers 32,455 329 32,784 12. 13. 344 Generators 105,476 3,851 109,327 13. 14. 345 Accessory Electric Equipment 15,273 4,110 19,383 14. 15. 346 Miscellaneous Power Plant Equip 5,141 237 5,378 15. ---------- ---------- ---------- 16. Total Other Production Plant $ 188,646 14,098 $ 202,744 16. ---------- ---------- ---------- 17. Total Production Plant $3,788,896 $ 64,655 $3,853,551 17. ---------- ---------- ----------
Supporting Schedules: Recap Schedule: --------------------- --------------- N/A E-5, page 1 of 6 ARIZONA PUBLIC SERVICE COMPANY Schedule E-5 Detail of Plant Includible in Rate Base Page 4 of 6 Test Year Ended 12/31/02 & Prior Year Ended 12/31/01 (Thousands of Dollars)
Prior Year Net Test Year Line Account Ended Bal. Additions Ended Bal. Line No. No. Account Description 12/31/2001 (12 Months) 12/31/2002 No. ---- ------- ------------------- ---------- ---------- ---------- ---- Transmission Plant 1. 350 (a) Land and Land Rights $ 48,606 $ (160) $ 48,446 1. 2. 352 (a) Structures and Improvements 30,336 (2,718) 27,618 2. 3. 353 (a) Station Equipment 383,887 43,134 427,021 3. 4. 354 (a) Towers and Fixtures 83,289 176 83,465 4. 5. 355 (a) Poles and Fixtures 165,072 9,123 174,195 5. 6. 356 (a) Overhead Conductors and Devices 186,973 18,798 205,771 6. 7. 357 Underground Conduit 9,401 1,043 10,444 7. 8. 358 Underground Conductors and Devices 16,526 2,025 18,551 8. ---------- ---------- ---------- 9. Total Transmission Plant $ 924,090 $ 71,421 $ 995,511 9. ---------- ---------- ---------- Distribution Plant: 10. 360 Land and Land Rights 22,083 4,672 26,755 10. 11. 361 Structures and Improvements 24,888 1,123 26,011 11. 12. 362 Station Equipment 194,232 18,125 212,357 12. 13. 364 Poles, Towers, and Fixtures 322,305 15,815 338,120 13. 14. 365 Overhead Conductors and Devices 212,086 6,771 218,857 14. 15. 366 Underground Conduit 385,609 40,114 425,723 15. 16. 367 Underground Conductors and Devices 754,929 50,576 805,505 16. 17. 368 Line Transformers 466,808 20,209 487,017 17. 18. 369 Services 230,739 11,666 242,405 18. 19. 370 Meters 144,577 1,445 146,022 19. 20. 371 Installations on Customers' Premises 23,469 1,926 25,395 20. 21. 373 Street Lighting and Signal Systems 57,023 164 57,187 21. ---------- ---------- ---------- 22. Total Distribution Plant $2,838,748 $ 172,606 $3,011,354 22. ---------- ---------- ---------- (a) Excludes SCE 500kv Transmission Line
Supporting Schedules: Recap Schedule: --------------------- --------------- N/A E-5, page 1 of 6 ARIZONA PUBLIC SERVICE COMPANY Schedule E-5 Detail of Plant Includible in Rate Base Page 5 of 6 Test Year Ended 12/31/02 & Prior Year Ended 12/31/01 (Thousands of Dollars)
Prior Year Net Test Year Line Account Ended Bal. Additions Ended Bal. Line No. No. Account Description 12/31/2001 (12 Months) 12/31/2002 No. ---- ------- ------------------- ---------- ---------- ---------- ---- General Plant 1. 389 Land and Land Rights $ 6,717 $ 610 $ 7,327 1. 2. 390 Structures and Improvements 89,760 18,068 107,828 2. 3. 391 (b) Office Furniture and Equipment 60,057 12,111 72,168 3. 4. 392 (b) Transportation Equipment 31,273 16,692 47,965 4. 5. 393 Stores Equipment 1,275 (48) 1,227 5. 6. 394 Tools, Shop and Garage Equipment 10,840 1,833 12,673 6. 7. 395 Laboratory Equipment 1,351 -- 1,351 7. 8. 396 Power Operated Equipment 34,849 (6,901) 27,948 8. 9. 397 (a) Communication Equipment 84,078 8,220 92,298 9. 10. 398 Miscellaneous Equipment 1,083 253 1,336 10. ---------- ---------- ---------- 11. Total General Plant $ 321,283 $ 50,838 $ 372,121 11. ---------- ---------- ---------- SCE 500kv Transmission Line 12. 350 Land and Land Rights 2,362 -- 2,362 12. 13. 352 Structures and Improvements 410 -- 410 13. 14. 353 Station Equipment 9,437 26 9,463 14. 15. 354 Towers and Fixtures 13,753 -- 13,753 15. 16. 355 Poles and Fixtures 930 -- 930 16. 17. 356 Overhead Conductors and Devices 22,654 -- 22,654 17. ---------- ---------- ---------- 18. Total SCE Transmission Line $ 49,546 $ 26 $ 49,572 18. ---------- ---------- ---------- (a) Excludes SCE 500kv Transmission Line (b) Includes Capitalized Leases
Supporting Schedules: Recap Schedule: --------------------- --------------- N/A E-5, page 1 of 6 ARIZONA PUBLIC SERVICE COMPANY Schedule E-5 Detail of Plant Includible in Rate Base Page 6 of 6 Test Year Ended 12/31/02 & Prior Year Ended 12/31/01 (Thousands of Dollars)
Prior Year Net Test Year Line Account Ended Bal. Additions Ended Bal. Line No. No. Account Description 12/31/2001 (12 Months) 12/31/2002 No. ---- ------- ------------------- ---------- ---------- ---------- ---- SCE 500kv - General Plant 1. 397 Communication Equipment $ 2,257 -- $ 2,257 1. ---------- ---------- ---------- 2. Total SCE 500kv Line $ 51,803 $ 26 $ 51,829 2. ---------- ---------- ---------- ---------- ---------- ---------- 3. Total Plant in Service - 101 $8,094,720 $ 392,154 $8,486,874 3. ========== ========== ========== ---------- ---------- ---------- 4. Total Net Plant Includible in Rate Base $8,094,720 $ 392,154 $8,486,874 4. ========== ========== ==========
Supporting Schedules: Recap Schedule: --------------------- --------------- N/A E-5, page 1 of 6 Schedule E-7 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Electric Operating Statistics Test Year and Two Prior Years
Test Year Prior Year Prior Year Line Ended Ended Ended Line No. Description 12/31/02 12/31/01 12/31/00 No. ---- ----------- ---------- ---------- ---------- ---- KWH SALES (THOUSANDS) 1. Residential 10,447,596 10,320,732 9,768,654 1. 2. Commercial 10,594,216 10,479,999 10,044,996 2. 3. Industrial 2,195,881 2,433,122 2,510,839 3. 4. Irrigation 30,994 28,667 86,997 4. 5. Public Street and Highway Lighting 99,529 94,693 92,915 5. 6. Other Sales to Public Authorities 4,474 4,933 4,730 6. ---------- ---------- ---------- 7. Total Sales to Ultimate Consumers 23,372,690 23,362,146 22,509,131 7. 8. Sales for Resale - Requirements Customers 493,090 1,483,509 1,045,944 8. 9. Sales for Resale - Other Customers 5,206,324 6,965,009 10,881,910 9. ---------- ---------- ---------- 10. Total Sales for Resale 5,699,414 8,448,518 11,927,854 10. ---------- ---------- ---------- 11. TOTAL KWH SALES 29,072,104 31,810,664 34,436,985 11. ========== ========== ========== AVERAGE NUMBER OF CUSTOMERS 12. Residential 801,801 776,339 749,285 10. 13. Commercial 95,575 93,499 89,539 11. 14. Industrial 3,325 3,320 3,243 12. 13. Irrigation 346 366 412 13. 14. Public Street and Highway Lighting 759 780 717 14. 15. Other Sales to Public Authorities 223 233 217 15. ---------- ---------- ---------- 16. Total Retail Consumers 902,029 874,537 843,413 16. 17. Sales for Resale - Requirements Customers 16 18 16 17. ---------- ---------- ---------- 18. TOTAL CUSTOMERS 902,045 874,555 843,429 18. ========== ========== ========== AVERAGE KWH USE (ANNUAL) 19. Residential 13,030 13,294 13,037 19. 20. Commercial 110,847 112,087 112,186 20. 21. Industrial 660,415 732,868 774,233 21. 22. Irrigation 89,578 78,325 211,158 22. 23. Public Street and Highway Lighting 131,132 121,401 129,589 23. 24. Other Sales to Public Authorities 20,063 21,172 21,797 24. 25. Sales for Resale - Requirements Customers 30,818,125 82,417,167 65,371,500 25. AVERAGE ANNUAL REVENUE PER RESIDENTIAL CUSTOMER 26. Annual Revenue 1,139.97 1,176.85 1,174.55 26. 27. Revenue per kWh (Cents) 8.75 8.85 9.01 27. 28. DIRECT KWH PRODUCTION EXPENSE PER KWH SOLD (CENTS) 2.90 5.49 4.09 28. 29. DIRECT KWH TRANSMISSION EXPENSE PER KWH SOLD (CENTS) 0.09 0.08 0.07 29.
Supporting Schedules: Recap Schedules: --------------------- ---------------- N/A N/A ARIZONA PUBLIC SERVICE COMPANY Schedule E-8 Taxes Charged to Operations Page 1 of 1 Test Year 12/31/02 and Prior Two Years (Dollars in Thousands) Test Year Prior Year Prior Year Line Ended Ended Ended Line No. Discription 12/31/2002 12/31/2001 12/31/2000 No. ---- ----------- ---------- ---------- ---------- ---- (a) (b) (c) Federal Taxes: 1. Income $ (56,554) $ 139,867 $ 188,914 1. 2. F.I.C.A.* 29,831 27,967 27,249 2. 3. Deferred Income Taxes 170,143 (22,221) (28,494) 3. 4. Environmental -- -- -- 4. 5. Unemployment 316 323 348 5. 6. Miscellaneous -- -- -- 6. ---------- ---------- ---------- 7. Total 143,736 145,936 188,017 7. ---------- ---------- ---------- State Taxes: 8. Ad Valorem** 103,906 99,489 99,017 8. 9. Sales*** 130,981 125,143 113,889 9. 10. Income (16,825) 26,504 34,932 10. 11. Unemployment 34 486 164 11. 12. Deferred Income Taxes 36,191 (4,632) (6,111) 12. ---------- ---------- ---------- 13. Total 254,287 246,990 241,891 13. ---------- ---------- ---------- Local Taxes: 14. Sales -- -- -- 14. ---------- ---------- ---------- 15. Total Taxes $ 398,023 $ 392,926 $ 429,908 15. ========== ========== ========== * Includes payroll related taxes charged to others ** Includes local taxes *** For SEC reporting purposes, sales taxes related to sales of electricity are excluded from both revenues and other taxes. Supporting Schedules: Recap Schedules: --------------------- ---------------- N/A N/A ARIZONA PUBLIC SERVICE COMPANY Notes to Financial Statements See the attached Arizona Public Service Company Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended December 31, 2002. The notes to the financial statements are contained on pages 62 through 109 of the document. [OMITTED] Supporting Schedules Recap Schedules -------------------- --------------- N/A N/A Schedule E-9 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Schedule F-1 Projected Income Statements Page 1 of 1 Present and Proposed Rates (Dollars in Thousands Except per Share Amounts)
Projected Year Projected Year Actual -------------- ---------------------------- Test Year Present Rates Present Rates Proposed Rates Line Ended Year Ending Year Ending Year Ending No. Description 12/31/2002 12/31/2003 12/31/2004 12/31/2004 ---- ----------- ------------ ------------ ------------ ------------ (a) (b) (b) (b) 1. Electric Operating Revenues $ 2,093,393 $ 1,969,996 $ 2,148,301 $ 2,263,598 ------------ ------------ ------------ ------------ 2. Fuel and Purchased power 628,030 567,774 657,096 644,350 ------------ ------------ ------------ ------------ 3. Operating Revenues Less Fuel and Purchased Power 1,465,363 1,402,222 1,491,205 1,619,248 ------------ ------------ ------------ ------------ Other Operating Expenses: 4. Oper & Maint excluding fuel expenses 495,845 490,333 518,388 518,388 5. Deprec & Amort 399,640 385,736 370,585 370,585 6. Income Taxes 132,953 110,584 131,695 183,207 7. Other Taxes 107,925 113,500 120,650 120,650 ------------ ------------ ------------ ------------ 8. Operating Income 329,000 302,069 349,887 426,418 ------------ ------------ ------------ ------------ Other Income (Deductions): 9. Income Taxes 6,148 (627) 1,089 1,089 10. Other Income 5,149 12,095 9,698 9,698 11. Other Expenses (19,338) (10,508) (12,454) (12,454) ------------ ------------ ------------ ------------ 12. Total (8,041) 960 (1,667) (1,667) 13. Income Before Interest Deductions 320,959 303,029 348,220 424,751 Interest Deductions 14. Interest on long-term debt 128,462 145,805 157,513 155,148 15. Interest on short-term borrowings 5,416 1,900 3,300 3,300 16. Debt discount, premium and expense 2,888 3,000 3,000 3,000 17. Capitalized interest (15,150) (18,016) (15,638) (15,638) ------------ ------------ ------------ ------------ 18. Total 121,616 132,689 148,175 145,810 ------------ ------------ ------------ ------------ 19. Net Income $ 199,343 $ 170,340 $ 200,045 $ 278,941 ============ ============ ============ ============ Earnings per share of average Common Stock Outstanding* $ 2.80 N/A N/A N/A % Return on Average Common Equity 9.2% 7.9% 8.4% 11.5% % Adjusted Return on Average Common Equity 7.9% 6.7% 7.8% 11.0% Projected Year ---------------------------- Present Rates Proposed Rates Year Ending Year Ending Line 12/31/2005 12/31/2005 No. ------------ ------------ ---- (b) (b) $ 2,205,210 $ 2,405,450 1. ------------ ------------ 667,792 666,142 2. ------------ ------------ 1,537,418 1,739,308 3. ------------ ------------ 552,953 552,953 4. 408,045 408,045 5. 108,805 192,268 6. 134,989 134,989 7. ------------ ------------ 332,626 451,053 8. ------------ ------------ 5,491 5,491 9. 321 321 10. (14,223) (14,223) 11. ------------ ------------ (8,411) (8,411) 12. 324,215 442,642 13. 172,808 163,399 14. 5,300 5,300 15. 3,000 3,000 16. (15,137) (15,137) 17. ------------ ------------ 165,971 156,562 18. ------------ ------------ $ 158,244 $ 286,080 19. ============ ============ N/A N/A 6.0% 10.4% 6.0% 10.4%
Supporting Schedules: Recap Schedules: --------------------- ---------------- (a) E-2 (b) A-2 * Optional for projected years. ARIZONA PUBLIC SERVICE COMPANY Projected Changes in Financial Position Present and Proposed Rates (Thousands of Dollars)
Projected Year Projected Year -------------- ------------------------------ Actual Present Rates Present Rates Proposed Rates Line Test Year Year Ending Year Ending Year Ending No. Description 12/31/2002 12/31/2003 12/31/2004 12/31/2004 ---- ----------- ------------ ------------ ------------ ------------ (a) (b) (b) (b) Cash Flows from Operations: 1. Net Income $ 199,343 $ 170,340 $ 200,045 $ 278,941 Items not requiring cash: 2. Depreciation and amortization 399,640 385,736 370,585 370,585 3. Nuclear fuel amortization 31,185 37,618 38,481 38,481 4. Deferred income taxes 206,767 (41,006) (12,344) (12,344) 5. Mark-to-market gains 2,957 -- -- -- 6. Other (135,380) 88,575 (92,691) (92,081) ------------ ------------ ------------ ------------ 7. Net cash provided 704,512 641,263 504,076 583,582 ------------ ------------ ------------ ------------ Cash Flows from Financing: 8. Long-term debt 459,926 500,000 458,506 379,000 9. Short-term borrowings - net (171,162) 59,428 7,575 7,575 10. Dividends paid on common stock (170,000) (170,000) (170,000) (170,000) 11. Repayment and requisition of long-term debt (337,160) (89,332) (386,192) (386,192) ------------ ------------ ------------ ------------ 12. Net cash used (218,396) 300,096 (90,111) (169,617) ------------ ------------ ------------ ------------ Cash Flows from Investing: 13. Capital expenditures (before AFUDC debt) (c) (490,156) (411,899) (386,883) (386,883) 14. Allowance for borrowed funds used during construction (c) (15,150) (18,016) (15,638) (15,638) 15. Loans to associated companies -- (500,000) -- -- 16. Other 44,918 (11,444) (11,444) (11,444) ------------ ------------ ------------ ------------ 17. Net cash used (460,388) (941,359) (413,965) (413,965) ------------ ------------ ------------ ------------ 18. Net increase (decrease) in cash and cash equivalents 25,728 -- -- -- 19. Cash and cash equivalents at beginning of period 16,821 42,549 42,549 42,549 ------------ ------------ ------------ ------------ 20. Cash and cash equivalents at end of period $ 42,549 $ 42,549 $ 42,549 $ 42,549 ============ ============ ============ ============ Projected Year ------------------------------ Present Rates Proposed Rates Year Ending Year Ending Line 12/31/2005 12/31/2005 No. ------------ ------------ ---- (b) (b) $ 158,244 $ 286,080 1. 408,045 408,045 2. 38,974 38,974 3. (48,593) (48,593) 4. -- -- 5. (51,462) (50,126) 6. ------------ ------------ 505,208 634,380 7. ------------ ------------ 587,086 457,914 8. 32,997 32,997 9. (170,000) (170,000) 10. (400,000) (400,000) 11. ------------ ------------ 50,083 (79,089) 12. ------------ ------------ (528,710) (528,710) 13. (15,137) (15,137) 14. -- -- 15. (11,444) (11,444) 16. ------------ ------------ (555,291) (555,291) 17. ------------ ------------ -- -- 18. 42,549 42,549 19. ------------ ------------ $ 42,549 $ 42,549 20. ============ ============
Supporting Schedules: Recap Schedules: --------------------- ---------------- (a) E-3 (b) A-5 (c) F-3 Schedule F-2 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Projected Construction Requirements Test Year and Three Projected Years (Thousands of Dollars)
Actual Projected Year Test Year -------------------------------------------- Line Ended Year Ended Year Ended Year Ended Line No. Description 12/31/2002 12/31/2003 12/31/2004 12/31/2005 No. ---- ----------- ------------ ------------ ------------ ------------ ---- Electric: 1. Production Plant (Excluding Nuclear Fuel) $ 108,428 $ 89,416 $ 69,202 $ 152,029 1. 2. Nuclear Fuel 30,862 29,458 28,693 28,474 2. ------------ ------------ ------------ ------------ 3. Total Production 139,290 118,874 97,895 180,503 3. 4. Transmission 106,452 56,720 54,946 79,921 4. 5. Distribution 208,481 197,265 202,855 218,022 5. 6. General and Intangibles 44,062 34,783 27,202 44,879 6. ------------ ------------ ------------ ------------ 7. Total Construction Expenditures (a) 498,285 407,642 382,898 523,325 7. 8. Property Taxes Capitalized (a) 2,958 4,257 3,985 5,385 8. 9. Allowance for Equity Funds Used -- -- -- -- 9. During Construction 10. Allowance for Borrowed Funds Used 13,507 18,016 15,638 15,137 10. During Construction ------------ ------------ ------------ ------------ 11. Total Capital Expenditures $ 514,750 $ 429,915 $ 402,521 $ 543,847 11. ============ ============ ============ ============
Supporting Schedules: Recap Schedules: --------------------- ---------------- N/A (a) F-2 & A-4 Schedule F-3 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Assumptions Used in Developing Projections
Line Line No. Item No. ---- ---- ---- A. CUSTOMER GROWTH 1. Retail customer growth for the period 1/1/03 through 12/31/05 is forecasted to grow at an annual average rate of 3.4%. 1. B. GROWTH IN RETAIL ENERGY AND RETAIL PEAK DEMAND 2. Retail energy sales for the period 1/1/03 through 12/31/05 are forecasted to grow at an annual average rate of 4.8%. 2. 3. Retail summer and winter peak demands for the same period are forecasted to grow at annual average rates of 4.3% 3. 4. and 2.9%, respectively. 4. C. WHOLESALE AND ECONOMY INTERCHANGE SALES 5. Firm wholesale sales and peak demand for obligation-to-serve customers are forecasted per existing contracts. The 5. 6. Company sells energy on an economy interchange basis on a short-term basis from time to time. Such sales are made 6. 7. at prices above the Company's variable costs to generate energy. 7. D. FUEL 8. Fuel costs are based on projected sales, estimated fuel prices and projected operating availability factors of power 8. 9. plants. 9. E. OPERATIONS & MAINTENANCE EXPENSES 10. The level of expenses reflect increases that are related to inflation and increased benefits costs, the current 10. 11. trend of increased customers and additional plant requirements. 11. F. CONSTRUCTION EXPENDITURES 12. The level of expenditures is primarily driven by customer, sales, and load growth, maintaining reliability, 12. 13. and legal and regulatory requirements. 13. G. CAPITAL STRUCTURE CHANGES 14. Capital Structure and Financing are shown on Schedules A-3, D-1, D-2, D-3 and F-2. 14. H. FINANCING ASSUMPTIONS 15. Forecasted Interest Rates: 15. 16. Variable Rate Pollution Control Bonds - 1.31% in 2003, 2.05% in 2004, 3.35% in 2005 16. 17. Commercial Paper - 1.9% in 2003, 3.3% in 2004, 5.3% in 2005 17. 18. New Sr. Unsecured Debt - 7.0% in 2004, 7.5% in 2005 18.
Schedule F-4 Page 1 of 1 Schedule G-1 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Cost of Service Summary - PRESENT RATES Rates of Return by Customer Classification Adjusted Test Year Ending December 31, 2002 ($000)
TOTAL ACC JURISDICTION -------------------------- Total Total ACC General Company Jurisdiction All Other Residential Service ---------- ------------ ---------- ----------- ---------- (A) (B) (C) (D) (E) 1.a. Revenues from Rates 1,827,189 1,791,584(a) 35,605 889,898(a) 883,595(a) 1.b. Other Revenues 150,987 148,562 2,425 71,187 74,249 2. Expenses 1,626,563 1,590,132(b) 36,432 839,733(b) 730,686(b) ---------- ---------- ---------- ---------- ---------- 3. Operating Income Before Income Taxes 351,613 350,014 1,598 121,352 227,158 4. Income Taxes 86,608 86,144 463 18,616 67,806 ---------- ---------- ---------- ---------- ---------- 5. Net Operating Income 265,005 263,870 1,135 102,736 159,352 6. Rate Base 4,221,019 4,207,476(c) 13,543 2,367,112(c) 1,769,998(c) 7. Rate of Return 6.28% 6.27% 8.38% 4.34% 9.00% TOTAL ACC JURISDICTION ---------------------------------------- Street Dusk to Irrigation Lighting Dawn ---------- ---------- ---------- (F) (G) (H) 2,099(a) 10,794(a) 5,198(a) 215 2,582 329 2,360(b) 12,439(b) 4,914(b) ---------- ---------- ---------- (46) 937 613 -75 -195 -7 ---------- ---------- ---------- 29 1,132 620 4,571(c) 45,676(c) 20,118(c) 0.63% 2.48% 3.08%
Supporting Schedules: (a) H-1 (b) G-4 (c) G-3 Schedule G-2 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Cost of Service Summary - PROPOSED RATES Rates of Return by Customer Classification Adjusted Test Year Ending December 31, 2002 ($000)
TOTAL ACC JURISDICTION -------------------------- Total Total ACC General Company Jurisdiction All Other Residential Service ---------- ------------ ---------- ----------- ---------- (A) (B) (C) (D) (E) 1.a. Revenues from Rates 1,993,996 1,958,391(a) 35,605 972,747(a) 965,868(a) 1.b. Other Revenues 150,987 148,562 2,425 71,187 74,249 2. Expenses 1,626,563 1,590,132(b) 36,432 839,733(b) 730,686(b) ---------- ---------- ---------- ---------- ---------- 3. Operating Income Before Income Taxes 518,420 516,821 1,598 204,201 309,431 4. Income Taxes 152,496 152,033 463 51,968 99,684 ---------- ---------- ---------- ---------- ---------- 5. Net Operating Income 365,924 364,788 1,135 152,233 209,747 6. Rate Base 4,221,019 4,207,476(c) 13,543 2,367,112(c) 1,769,998(c) 7. Rate of Return 8.67% 8.67% 8.38% 6.43% 11.85% TOTAL ACC JURISDICTION ------------------------------------------ Street Dusk to Irrigation Lighting Dawn ---------- ---------- ---------- (F) (G) (H) 2,295(a) 11,799(a) 5,682(a) 215 2,582 329 2,360(b) 12,439(b) 4,914(b) ---------- ---------- ---------- 150 1,942 1,097 1 197 183 ---------- ---------- ---------- 149 1,745 914 4,571(c) 45,676(c) 20,118(c) 3.26% 3.82% 4.54%
Supporting Schedules: (a) H-1 (b) G-4 (c) G-3 Schedule G-3 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Rate Base Allocation to Classes of Service Total Rate Base Adjusted Test Year Ending December 31, 2002 ($000)
Line Class of Production - Transmission Transmission Distribution Distribution Distribution Distribution No. Service Demand Substation Lines Substation OH Primary OH Secondary UG Lines =============================================================================================================================== (A) (B) (C) (D) (E) (F) (G) 1. Residential 1,062,376 0 0 87,562 147,786 67,667 438,874 2. General Service 985,723 0 0 73,149 117,803 14,607 318,641 3. Irrigation 3,327 0 0 946 1,596 0 0 4. Street Lighting 0 0 0 875 1,477 593 4,321 5. Dusk to Dawn 0 0 0 325 548 220 1,604 ---------- ---------- ---------- ---------- ---------- ---------- ---------- Total 2,051,426(b) 0 0 162,857(b) 269,211(b) 83,087(b) 763,440(b) Distribution Total Total Total Total Line TXFs Demand Demand % Energy Energy % ==================================================================== (H) (I) (J) (K) (L) 198,240 2,002,505 55.13% 43,910 45.23% 102,044 1,611,969 44.38% 52,429 54.01% 361 6,230 0.17% 132 0.14% 1,083 8,349 0.23% 441 0.45% 402 3,099 0.09% 164 0.17% ---------- ---------- ---------- ---------- ---------- 302,131(b) 3,632,152 100.00% 97,076 100.00% Class of Cust. Advances Distribution Distribution Distribution Customer Dusk to Street Service & Deposits OH Services UG Services Meters Accounts Dawn Lighting ======================================================================================================================= (A) (B) (C) (D) (E) (F) (G) 7. Residential (48,220) 23,377 112,951 83,928 49,075 0 0 8. General Service (33,879) 2,511 11,113 30,600 5,994 0 0 9. Irrigation (2,425) 37 0 295 22 0 0 10. Street Lighting (728) 0 0 0 45 0 37,339 11. Dusk to Dawn (125) 0 0 0 475 16,317 0 ---------- ---------- ---------- ---------- ---------- ---------- ---------- 12. Total (85,378)(b) 25,925(b) 124,064(b) 114,824(b) 55,610(b) 16,317(b) 37,339(b) Customer Service Total Total & Info Sales Customer Customer % ====================================================== (H) (I) (J) (K) 1,396 9,720 232,226 77.08% 170 1,187 17,696 5.87% 1 4 (2,066) -0.69% 1 9 36,666 12.17% 14 94 16,774 5.57% ---------- ---------- ---------- ---------- 1,582(b) 11,014(b) 301,296 100.00% Class of Total Total Total System Total System TOTAL TOTAL Service Reg. Assets Reg. Assets % Benefits Benefits % ACC JURIS. (a) ACC JURIS. % ============================================================================================================ (A) (B) (C) (D) (E) (F) 13. Residential 87,306 50.07% 1,165 45.23% 2,367,112 56.26% 14. General Service 86,514 49.61% 1,391 54.01% 1,769,998 42.07% 15. Irrigation 271 0.16% 4 0.14% 4,571 0.11% 16. Street Lighting 208 0.12% 12 0.45% 45,676 1.09% 17. Dusk to Dawn 77 0.04% 4 0.17% 20,118 0.48% ---------- ---------- ---------- ---------- ---------- ---------- 18. 174,376(b) 100.00% 2,576(b) 100.00% 4,207,476 100.00%
Supporting Schedules: Recap Schedules: (b) G-5 (a) G-1 & G-2 (c) G-7 Schedule G-4 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Expense Allocation to Classes of Service Operating Expenses Excluding Income Taxes Adjusted Test Year Ending December 31, 2002 ($000)
Line Class of Production - Transmission Transmission Distribution Distribution Distribution Distribution No. Service Demand Substation Lines Substation OH Primary OH Secondary UG Lines ================================================================================================================================= (A) (B) (C) (D) (E) (F) (G) 1. Residential 245,691 0 46,610 15,020 20,171 9,314 41,724 2. General Service 228,814 0 46,031 12,548 16,079 2,011 30,294 3. Irrigation 763 0 117 162 218 0 0 4. Street Lighting 140 0 565 150 202 82 411 5. Dusk to Dawn 65 0 264 56 75 30 152 ---------- ---------- ---------- ---------- ---------- ---------- ---------- 6. Total 475,472(a) 0(a) 93,587(a) 27,936(a) 36,745(a) 11,436(a) 72,580(a) Distribution Total Total Total Total Line TXFs Demand Demand % Energy Energy % ====================================================================== (H) (I) (J) (K) (L) 20,572 399,102 53.28% 278,597 45.23% 10,589 346,365 46.24% 332,650 54.01% 37 1,297 0.17% 838 0.14% 112 1,661 0.22% 2,800 0.45% 42 684 0.09% 1,038 0.17% ---------- ---------- ---------- ---------- ---------- 31,352(a) 749,109 100.00% 615,923 100.00% Class of Distribution Distribution Distribution Customer Dusk to Street Service OH Services UG Services Meters Accounts Dawn Lighting ================================================================================================================ (A) (B) (C) (D) (E) (F) 7. Residential 3,228 10,781 27,826 69,973 0 0 8. General Service 347 1,061 10,145 8,547 0 0 9. Irrigation 5 0 98 31 0 0 10. Street Lighting 0 0 0 64 0 7,714 11. Dusk to Dawn 0 0 0 677 2,218 0 ---------- ---------- ---------- ---------- ---------- ---------- 12. Total 3,580(a) 11,841(a) 38,069(a) 79,292(a) 2,218(a) 7,714(a) Customer Total Total Service & Info Sales Customer Customer % ========================================================== (G) (H) (I) (J) 3,828 19,705 135,341 79.90% 468 2,407 22,973 13.56% 2 9 145 0.09% 3 18 7,799 4.60% 37 191 3,123 1.84% ---------- ---------- ---------- ---------- 4,338(a) 22,329(a) 169,381 100.00% Class of Total Total Total System Total System TOTAL TOTAL Service Reg. Assets Reg. Assets % Benefits Benefits % ACC JURIS. (c) ACC JURIS. % =========================================================================================================== (A) (B) (C) (D) (E) (F) 13. Residential 9,743 51.77% 16,951 45.94% 839,733 52.81% 14. General Service 9,046 48.07% 19,651 53.26% 730,686 45.95% 15. Irrigation 31 0.16% 49 0.13% 2,360 0.15% 16. Street Lighting 0 0.00% 178 0.48% 12,439 0.78% 17. Dusk to Dawn 0 0.00% 70 0.19% 4,914 0.31% ---------- ---------- ---------- ---------- ---------- ---------- 18. Total 18,820(a) 100.00%(a) 36,899(a) 100.00% 1,590,132 100.00%
Supporting Schedules: Recap Schedules: (a) G-6 (c) G-1 & G-2 (b) G-7 Schedule G-5 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Distribution of Rate Base by Function Total Rate Base Adjusted Test Year Ending December 31, 2002 ($000)
Line Plant Production - Transmission Transmission Distribution Distribution Distribution Distribution No. Classification Demand Substation Lines Substation OH Primary OH Secondary UG Lines =================================================================================================================================== (A) (B) (C) (D) (E) (F) (G) 1. Production - Demand 2,051,426 0 0 0 0 0 0 2. Transmission Substation 0 0 0 0 0 0 0 3. Transmission Lines 0 0 0 0 0 0 0 4. Distribution Substation 0 0 0 162,857 0 0 0 5. Distribution OH Primary 0 0 0 0 269,211 0 0 6. Distribution OH Secondary 0 0 0 0 0 83,087 0 7. Distribution UG Lines 0 0 0 0 0 0 763,440 8. Distribution Line TXFs 0 0 0 0 0 0 0 ---------- ---------- ---------- ---------- ---------- ---------- ---------- 9. Total 2,051,426 0 0 162,857 269,211 83,087 763,440 Distribution Total Total Line TXFs Demand Demand % ======================================= (H) (I) (J) 0 2,051,426 56.48% 0 0 0.00% 0 0 0.00% 0 162,857 4.48% 0 269,211 7.41% 0 83,087 2.29% 0 763,440 21.02% 302,131 302,131 8.32% ---------- ---------- ---------- 302,131 3,632,152 100.00% Plant Cust. Advances Distribution Distribution Distribution Customer Dusk to Street Classification & Deposits OH Services UG Services Meters Accounts Dawn Lighting ========================================================================================================================= (A) (B) (C) (D) (E) (F) (G) 10. Cust. Advances & Deposit (85,378) 0 0 0 0 0 0 11. Distribution OH Services 0 25,925 0 0 0 0 0 12. Distribution UG Services 0 0 124,064 0 0 0 0 13. Distribution Meters 0 0 0 114,824 0 0 0 14. Customer Accounts 0 0 0 0 55,610 0 0 15. Dusk to Dawn 0 0 0 0 0 16,317 0 16. Street Lighting 0 0 0 0 0 0 37,339 17. Customer Service & Info 0 0 0 0 0 0 0 18. Sales 0 0 0 0 0 0 0 ---------- ---------- ---------- ---------- ---------- ---------- ---------- 19. Total (85,378) 25,925 124,064 114,824 55,610 16,317 37,339 Customer Total Total Service & Info Sales Customer Customer % ====================================================== (H) (I) (J) (K) 0 0 (85,378) -28.34% 0 0 25,925 8.60% 0 0 124,064 41.18% 0 0 114,824 38.11% 0 0 55,610 18.46% 0 0 16,317 5.42% 0 0 37,339 12.39% 1,582 0 1,582 0.52% 0 11,014 11,014 3.66% ---------- ---------- ---------- ---------- 1,582 11,014 301,296 100.00% Plant Total Total Total Total Total System Total System TOTAL Classification Energy Energy % Reg. Assets Reg. Assets % Benefits Benefits % ACC JURIS. (a) ========================================================================================================================= (A) (B) (C) (D) (E) (F) (G) 20. Production - Energy 97,076 100.00% 21. Regulatory Assets 174,376 100.00% 22. System Benefits 2,576 100.00% 23. TOTAL ACC 4,207,476
Supporting Schedules: Recap Schedules: (a) G-3 Schedule G-6 Page 1 of 1 ARIZONA PUBLIC SERVICE COMPANY Distribution of Expenses by Function Operating Expenses Excluding Income Taxes Adjusted Test Year Ending December 31, 2002 ($000)
Line Plant Production - Transmission Transmission Distribution Distribution Distribution No. Classification Demand Substation Lines Substation OH Primary OH Secondary ======================================================================================================================== (A) (B) (C) (D) (E) (F) 1. Production - Demand 475,472 0 0 0 0 0 2. Transmission Substation 0 0 0 0 0 0 3. Transmission Lines 0 0 93,587 0 0 0 4. Distribution Substation 0 0 0 27,936 0 0 5. Distribution OH Primary 0 0 0 0 36,745 0 6. Distribution OH Secondary 0 0 0 0 0 11,436 7. Distribution UG Lines 0 0 0 0 0 0 8. Distribution Line TXFs 0 0 0 0 0 0 ---------- ---------- ---------- ---------- ---------- ---------- 9. Total 475,472 0 93,587 27,936 36,745 11,436 Distribution Distribution Total Total UG Lines Line TXFs Demand Demand % ==================================================== (G) (H) (I) (J) 0 0 475,472 63.47% 0 0 0 0.00% 0 0 93,587 12.49% 0 0 27,936 3.73% 0 0 36,745 4.91% 0 0 11,436 1.53% 72,580 0 72,580 9.69% 0 31,352 31,352 4.19% ---------- ---------- ---------- ---------- 72,580 31,352 749,109 100.00% Plant Distribution Distribution Distribution Customer Dusk to Street Customer Classification OH Services UG Services Meters Accounts Dawn Lighting Service & Info ============================================================================================================================ (A) (B) (C) (D) (E) (F) (G) 10. Distribution OH Services 3,580 0 0 0 0 0 0 11. Distribution UG Services 0 11,841 0 0 0 0 0 12. Distribution Meters 0 0 38,069 0 0 0 0 13. Customer Accounts 0 0 0 79,292 0 0 0 14. Dusk to Dawn 0 0 0 0 2,218 0 0 15. Street Lighting 0 0 0 0 0 7,714 0 16. Customer Service & Info 0 0 0 0 0 0 4,338 17. Sales 0 0 0 0 0 0 0 ---------- ---------- ---------- ---------- ---------- ---------- ---------- 18. Total 3,580 11,841 38,069 79,292 2,218 7,714 4,338 Total Total Sales Customer Customer % ===================================== (H) (I) (J) 0 3,580 2.11% 0 11,841 6.99% 0 38,069 22.48% 0 79,292 46.81% 0 2,218 1.31% 0 7,714 4.55% 0 4,338 2.56% 22,329 22,329 13.18% ---------- ---------- ---------- 22,329 169,381 100.00% Plant Total Production - Total Total Total Total System Total System TOTAL Classification Energy Energy % Reg. Assets Reg. Assets % Benefits Benefits % ACC JURIS. (a) ============================================================================================================================= (A) (B) (C) (D) (E) (F) (G) 19. Production - Energy 615,923 100.00% 20. Regulatory Assets 18,820 100.00% 21. System Benefits 36,899 100.00% 22. TOTAL ACC 1,590,132
Supporting Schedules: Recap Schedules: (a) G-4 Schedule G-7 Page 1 of 4 ARIZONA PUBLIC SERVICE COMPANY Cost of Service Study Development of Allocation Factors Adjusted Test Year Ending December 31, 2002
Total Total ACC All Factor Definition and Application of Allocation Factor Company Jurisdiction Other ------ ----------------------------------------------- ------- ------------ ----- 1. DEMPROD1 4-CP Demand @ Generation (KW) 5,111,775 5,102,910 8,865 Production Demand 100.00% 99.83% 0.17% 2. DEMPROD2 4-CP Demand @ Generation (KW) 5,111,775 5,102,910 8,865 Production - Ancillary Service - Regulation 100.00% 99.83% 0.17% 3. DEMPROD3 4-CP Demand @ Generation (KW) 5,111,775 5,102,910 8,865 Production - Ancillary Service - Spinning Reserve 100.00% 99.83% 0.17% 4. DEMPROD4 4-CP Demand @ Generation (KW) 5,111,775 5,102,910 8,865 Production - Ancillary Service - Ready Reserve 100.00% 99.83% 0.17% 5. DEMPROD6 4-CP Demand @ Generation (KW) 5,111,775 5,102,910 8,865 Production - Ancillary Service - Scheduling & Dispatch 100.00% 99.83% 0.17% 6. DEMPROD7 4-CP Demand @ Generation (KW) 5,111,775 5,102,910 8,865 Production - Ancillary Service - Must Run 100.00% 99.83% 0.17% 7. DEMTRAN1 4-CP Demand @ Generation including Wheeling (KW) 6,445,773 5,102,910 1,342,863 Transmission Substation 100.00% 79.17% 20.83% 8. DEMTRAN2 4-CP Demand @ Generation including Wheeling (KW) 6,445,773 5,102,910 1,342,863 Transmission Lines 100.00% 79.17% 20.83% 9. DEMTRAN4 Transmission - SCE 500 KV Line 100 0 100 SCE Specific 100.00% 0.00% 100.00% 10. DEMDIST1 NCP Demand @ Substation Level w/losses (KW) 6,181,490 6,181,490 0 Distribution Substation 100.00% 100.00% 0.00% 11. DEMDIST2 NCP Demand @ Primary Line Level w/losses (KW) 5,934,767 5,934,767 0 Distribution OH Primary Lines 100.00% 100.00% 0.00% 12. DEMDIST3 Individual Maximum Demand @ Secondary Line Level w/losses (KW) 4,331,559 4,331,559 0 Distribution OH Secondary Lines 100.00% 100.00% 0.00% 13. DEMDIST4 NCP Demand @ Primary Line Level w/losses (KW) 5,899,576 5,899,576 0 Distribution UG Primary Lines 100.00% 100.00% 0.00% 14. DEMDIST5 Individual Maximum Demand @ Secondary Line Level w/losses (KW) 4,331,559 4,331,559 0 Distribution UG Secondary Lines 100.00% 100.00% 0.00% 15. DEMDIST6 Individual Maximum Demand @ Secondary TXF Level w/losses (KW) 9,084,660 9,084,660 0 Distribution OH Line Transformers 100.00% 100.00% 0.00% Total General Street Dusk to Retail Residential Service Irrigation Lighting Dawn ------ ----------- ------- ---------- -------- ---- 5,102,910 2,642,653 2,451,981 8,276 0 0 99.83% 51.70% 47.97% 0.16% 0.00% 0.00% 5,102,910 2,642,653 2,451,981 8,276 0 0 99.83% 51.70% 47.97% 0.16% 0.00% 0.00% 5,102,910 2,642,653 2,451,981 8,276 0 0 99.83% 51.70% 47.97% 0.16% 0.00% 0.00% 5,102,910 2,642,653 2,451,981 8,276 0 0 99.83% 51.70% 47.97% 0.16% 0.00% 0.00% 5,102,910 2,642,653 2,451,981 8,276 0 0 99.83% 51.70% 47.97% 0.16% 0.00% 0.00% 5,102,910 2,642,653 2,451,981 8,276 0 0 99.83% 51.70% 47.97% 0.16% 0.00% 0.00% 5,102,910 2,642,653 2,451,981 8,276 0 0 79.17% 41.00% 38.04% 0.13% 0.00% 0.00% 5,102,910 2,642,653 2,451,981 8,276 0 0 79.17% 41.00% 38.04% 0.13% 0.00% 0.00% 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 6,181,490 3,323,537 2,776,499 35,899 33,222 12,333 100.00% 53.77% 44.92% 0.58% 0.54% 0.20% 5,934,767 3,257,955 2,596,964 35,191 32,567 12,090 100.00% 54.90% 43.76% 0.59% 0.55% 0.20% 4,331,559 3,527,660 761,528 0 30,900 11,471 100.00% 81.44% 17.58% 0.00% 0.71% 0.26% 5,899,576 3,257,955 2,596,964 0 32,567 12,090 100.00% 55.22% 44.02% 0.00% 0.55% 0.20% 4,331,559 3,527,660 761,528 0 30,900 11,471 100.00% 81.44% 17.58% 0.00% 0.71% 0.26% 9,084,660 5,938,353 3,056,769 45,047 32,446 12,045 100.00% 65.37% 33.65% 0.50% 0.36% 0.13%
Recap Schedules: G-4, G-3 Schedule G-7 Page 2 of 4 ARIZONA PUBLIC SERVICE COMPANY Cost of Service Study Development of Allocation Factors Adjusted Test Year Ending December 31, 2002
Total Total ACC All Factor Definition and Application of Allocation Factor Company Jurisdiction Other ------ ----------------------------------------------- ------- ------------ ----- 16. DEMDIST7 Individual Maximum Demand @ Secondary TXF Level w/losses (KW) 9,039,623 9,039,623 0 Distribution UG Line Transformers 100.00% 100.00% 0.00% 17. CUSTOH1 Weighted Customer Costs for Distribution Services ($) 448,413 448,413 0 Distribution OH Services 100.00% 100.00% 0.00% 18. CUSTUG1 Weighted Customer Costs for Distribution Services ($) 456,363 456,363 0 Distribution UG Services 100.00% 100.00% 0.00% 19. DEMDIST10 NCP Demand @ Primary Line Level w/losses (KW) 5,934,767 5,934,767 0 Distribution Rents 100.00% 100.00% 0.00% 20. ENERGY1 Customer Class Energy @ Generation (MWH) 25,161,766 24,795,184 366,582 Production - Energy 100.00% 98.54% 1.46% 21. ENERGY2 Customer Class Energy @ Generation (MWH) 25,161,766 24,795,184 366,582 Production - Energy (Fuel and Purchase Power) 100.00% 98.54% 1.46% 22. ENERGY4 Customer Class Energy @ Generation (MWH) 25,161,766 24,795,184 366,582 Production - Energy - Ancillary Service - Must Run 100.00% 98.54% 1.46% 23. CUST370 Weighted Costs for Distribution Meters ($) 1,132,676 1,121,607 11,069 Distribution Meters 100.00% 99.02% 0.98% 24. CUST371 Dusk to Dawn Customer Class Specific 1 1 0 Dusk to Dawn 100.00% 100.00% 0.00% 25. CUST373 Street Lighting Customer Class Specific 1 1 0 Street Lighting 100.00% 100.00% 0.00% 26. CUSTNUM Number of Customer Accounts 930,373 929,002 1,371 Customer Accounts 100.00% 99.85% 0.15% 27. CUST910 Number of Customer Accounts 929,002 929,002 0 Customer Service and Information 100.00% 100.00% 0.00% 28. CUST916 Number of Customer Accounts 930,373 929,002 1,371 Sales Expense 100.00% 99.85% 0.15% 29. DEMREGAST 4-CP Demand @ Generation (KW) 5,111,775 5,102,910 8,865 Regulatory Asset - Demand Related 100.00% 99.83% 0.17% 30. ERGREGAST Customer Class Energy @ Generation (MWH) 25,161,766 24,795,184 366,582 Regulatory Asset - Energy Related 100.00% 98.54% 1.46% 31. ERGSYSBEN Customer Class Energy @ Generation (MWH) 25,161,766 24,795,184 366,582 System Benefits - Energy Related 100.00% 98.54% 1.46% Total General Street Dusk to Retail Residential Service Irrigation Lighting Dawn ------ ----------- ------- ---------- -------- ---- 9,039,623 5,938,353 3,056,779 0 32,446 12,045 100.00% 65.69% 33.82% 0.00% 0.36% 0.13% 448,413 404,336 43,430 647 0 0 100.00% 90.17% 9.69% 0.14% 0.00% 0.00% 456,363 415,485 40,878 0 0 0 100.00% 91.04% 8.96% 0.00% 0.00% 0.00% 5,934,767 3,257,955 2,596,964 35,191 32,567 12,090 100.00% 54.90% 43.76% 0.59% 0.55% 0.20% 24,795,184 11,215,488 13,391,465 33,737 112,701 41,793 98.54% 44.57% 53.22% 0.13% 0.45% 0.17% 24,795,184 11,215,488 13,391,465 33,737 112,701 41,793 98.54% 44.57% 53.22% 0.13% 0.45% 0.17% 24,795,184 11,215,488 13,391,465 33,737 112,701 41,793 98.54% 44.57% 53.22% 0.13% 0.45% 0.17% 1,121,607 819,821 298,900 2,886 0 0 99.02% 72.38% 26.39% 0.25% 0.00% 0.00% 1 0 0 0 0 1 100.00% 0.00% 0.00% 0.00% 0.00% 100.00% 1 0 0 0 1 0 100.00% 0.00% 0.00% 0.00% 100.00% 0.00% 929,002 819,821 100,134 364 749 7,934 99.85% 88.12% 10.76% 0.04% 0.08% 0.85% 929,002 819,821 100,134 364 749 7,934 100.00% 88.25% 10.78% 0.04% 0.08% 0.85% 929,002 819,821 100,134 364 749 7,934 99.85% 88.12% 10.76% 0.04% 0.08% 0.85% 5,102,910 2,642,653 2,451,981 8,276 0 0 99.83% 51.70% 47.97% 0.16% 0.00% 0.00% 24,795,184 11,215,488 13,391,465 33,737 112,701 41,793 98.54% 44.57% 53.22% 0.13% 0.45% 0.17% 24,795,184 11,215,488 13,391,465 33,737 112,701 41,793 98.54% 44.57% 53.22% 0.13% 0.45% 0.17%
Recap Schedules: G-4, G-3 Schedule G-7 Page 3 of 4 ARIZONA PUBLIC SERVICE COMPANY Cost of Service Study Development of Allocation Factors Adjusted Test Year Ending December 31, 2002
Small Medium Large General General General General Factor Definition and Application of Allocation Factor Service Service Service Service ------ ----------------------------------------------- ------- ------- ------- ------- 1. DEMPROD1 4-CP Demand @ Generation (KW) 2,451,981 828,460 994,764 285,615 Production Demand 47.97% 16.21% 19.46% 5.59% 2. DEMPROD2 4-CP Demand @ Generation (KW) 2,451,981 828,460 994,764 285,615 Production - Ancillary Service - Regulation 47.97% 16.21% 19.46% 5.59% 3. DEMPROD3 4-CP Demand @ Generation (KW) 2,451,981 828,460 994,764 285,615 Production - Ancillary Service - Spinning Reserve 47.97% 16.21% 19.46% 5.59% 4. DEMPROD4 4-CP Demand @ Generation (KW) 2,451,981 828,460 994,764 285,615 Production - Ancillary Service - Ready Reserve 47.97% 16.21% 19.46% 5.59% 5. DEMPROD6 4-CP Demand @ Generation (KW) 2,451,981 828,460 994,764 285,615 Production - Ancillary Service - Scheduling & Dispatch 47.97% 16.21% 19.46% 5.59% 6. DEMPROD7 4-CP Demand @ Generation (KW) 2,451,981 828,460 994,764 285,615 Production - Ancillary Service - Must Run 47.97% 16.21% 19.46% 5.59% 7. DEMTRAN1 4-CP Demand @ Generation including Wheeling (KW) 2,451,981 828,460 994,764 285,615 Transmission Substation 38.04% 12.85% 15.43% 4.43% 8. DEMTRAN2 4-CP Demand @ Generation including Wheeling (KW) 2,451,981 828,460 994,764 285,615 Transmission Lines 38.04% 12.85% 15.43% 4.43% 9. DEMTRAN4 Transmission - SCE 500 KV Line 0 0 0 0 SCE Specific 0.00% 0.00% 0.00% 0.00% 10. DEMDIST1 NCP Demand @ Substation Level w/losses (KW) 2,776,499 970,264 1,184,158 283,088 Distribution Substation 44.92% 15.70% 19.16% 4.58% 11. DEMDIST2 NCP Demand @ Primary Line Level w/losses (KW) 2,596,964 950,468 1,157,321 270,617 Distribution OH Primary Lines 43.76% 16.02% 19.50% 4.56% 12. DEMDIST3 Individual Maximum Demand @ Secondary Line Level w/losses (KW) 761,528 761,528 0 0 Distribution OH Secondary Lines 17.58% 17.58% 0.00% 0.00% 13. DEMDIST4 NCP Demand @ Primary Line Level w/losses (KW) 2,596,964 950,468 1,157,321 270,617 Distribution UG Primary Lines 44.02% 16.11% 19.62% 4.59% 14. DEMDIST5 Individual Maximum Demand @ Secondary Line Level w/losses (KW) 761,528 761,528 0 0 Distribution UG Secondary Lines 17.58% 17.58% 0.00% 0.00% 15. DEMDIST6 Individual Maximum Demand @ Secondary TXF Level w/losses (KW) 3,056,769 1,300,052 1,363,985 257,322 Distribution OH Line Transformers 33.65% 14.31% 15.01% 2.83% Extra-Large General Residential Residential Residential Residential Residential Service Residential E-10 E-12 EC-1 ET-1 ECT-1 ------- ----------- ---- ---- ---- ---- ----- 343,142 2,642,653 232,966 766,305 141,521 1,240,307 261,554 6.71% 51.70% 4.56% 14.99% 2.77% 24.26% 5.12% 343,142 2,642,653 232,966 766,305 141,521 1,240,307 261,554 6.71% 51.70% 4.56% 14.99% 2.77% 24.26% 5.12% 343,142 2,642,653 232,966 766,305 141,521 1,240,307 261,554 6.71% 51.70% 4.56% 14.99% 2.77% 24.26% 5.12% 343,142 2,642,653 232,966 766,305 141,521 1,240,307 261,554 6.71% 51.70% 4.56% 14.99% 2.77% 24.26% 5.12% 343,142 2,642,653 232,966 766,305 141,521 1,240,307 261,554 6.71% 51.70% 4.56% 14.99% 2.77% 24.26% 5.12% 343,142 2,642,653 232,966 766,305 141,521 1,240,307 261,554 6.71% 51.70% 4.56% 14.99% 2.77% 24.26% 5.12% 343,142 2,642,653 232,966 766,305 141,521 1,240,307 261,554 5.32% 41.00% 3.61% 11.89% 2.20% 19.24% 4.06% 343,142 2,642,653 232,966 766,305 141,521 1,240,307 261,554 5.32% 41.00% 3.61% 11.89% 2.20% 19.24% 4.06% 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 338,989 3,323,537 306,035 965,170 155,972 1,550,013 346,347 5.48% 53.77% 4.95% 15.61% 2.52% 25.08% 5.60% 218,558 3,257,955 299,996 946,125 152,894 1,519,427 339,513 3.68% 54.90% 5.05% 15.94% 2.58% 25.60% 5.72% 0 3,527,660 328,650 1,249,580 137,693 1,519,087 292,650 0.00% 81.44% 7.59% 28.85% 3.18% 35.07% 6.76% 218,558 3,257,955 299,996 946,125 152,894 1,519,427 339,513 3.70% 55.22% 5.09% 16.04% 2.59% 25.75% 5.75% 0 3,527,660 328,650 1,249,580 137,693 1,519,087 292,650 0.00% 81.44% 7.59% 28.85% 3.18% 35.07% 6.76% 135,410 5,938,353 553,239 2,103,504 231,787 2,557,185 492,638 1.49% 65.37% 6.09% 23.15% 2.55% 28.15% 5.42%
Recap Schedules: G-4, G-3 Schedule G-7 Page 4 of 4 ARIZONA PUBLIC SERVICE COMPANY Cost of Service Study Development of Allocation Factors Adjusted Test Year Ending December 31, 2002
Small Medium Large General General General General Factor Definition and Application of Allocation Factor Service Service Service Service ------ ----------------------------------------------- ------- ------- ------- ------- 16. DEMDIST7 Individual Maximum Demand @ Secondary TXF Level w/losses (KW) 3,056,779 1,300,052 1,363,985 257,332 Distribution UG Line Transformers 33.82% 14.38% 15.09% 2.85% 17. CUSTOH1 Weighted Customer Costs for Distribution Services ($) 43,430 39,828 3,602 0 Distribution OH Services 9.69% 8.88% 0.80% 0.00% 18. CUSTUG1 Weighted Customer Costs for Distribution Services ($) 40,878 33,450 4,064 2,828 Distribution UG Services 8.96% 7.33% 0.89% 0.62% 19. DEMDIST10 NCP Demand @ Primary Line Level w/losses (KW) 2,596,964 950,468 1,157,321 270,617 Distribution Rents 43.76% 16.02% 19.50% 4.56% 20. ENERGY1 Customer Class Energy @ Generation (MWH) 13,391,465 3,766,696 5,288,514 1,754,953 Production - Energy 53.22% 14.97% 21.02% 6.97% 21. ENERGY2 Customer Class Energy @ Generation (MWH) 13,391,465 3,766,696 5,288,514 1,754,953 Production - Energy (Fuel and Purchase Power) 53.22% 14.97% 21.02% 6.97% 22. ENERGY4 Customer Class Energy @ Generation (MWH) 13,391,465 3,766,696 5,288,514 1,754,953 Production - Energy - Ancillary Service - Must Run 53.22% 14.97% 21.02% 6.97% 23. CUST370 Weighted Costs for Distribution Meters ($) 298,900 259,684 32,608 3,818 Distribution Meters 26.39% 22.93% 2.88% 0.34% 24. CUST371 Dusk to Dawn Customer Class Specific 0 0 0 0 Dusk to Dawn 0.00% 0.00% 0.00% 0.00% 25. CUST373 Street Lighting Customer Class Specific 0 0 0 0 Street Lighting 0.00% 0.00% 0.00% 0.00% 26. CUSTNUM Number of Customer Accounts 100,134 95,717 4,112 244 Customer Accounts 10.76% 10.29% 0.44% 0.03% 27. CUST910 Number of Customer Accounts 100,134 95,717 4,112 244 Customer Service and Information 10.78% 10.30% 0.44% 0.03% 28. CUST916 Number of Customer Accounts 100,134 95,717 4,112 244 Sales Expense 10.76% 10.29% 0.44% 0.03% 29. DEMREGAST 4-CP Demand @ Generation (KW) 2,451,981 828,460 994,764 285,615 Regulatory Asset - Demand Related 47.97% 16.21% 19.46% 5.59% 30. ERGREGAST Customer Class Energy @ Generation (MWH) 13,391,465 3,766,696 5,288,514 1,754,953 Regulatory Asset - Energy Related 53.22% 14.97% 21.02% 6.97% 31. ERGSYSBEN Customer Class Energy @ Generation (MWH) 13,391,465 3,766,696 5,288,514 1,754,953 System Benefits - Energy Related 53.22% 14.97% 21.02% 6.97% Extra-Large General Residential Residential Residential Residential Residential Service Residential E-10 E-12 EC-1 ET-1 ECT-1 ------- ----------- ---- ---- ---- ---- ----- 135,410 5,938,353 553,239 2,103,504 231,787 2,557,185 492,638 1.50% 65.69% 6.12% 23.27% 2.56% 28.29% 5.45% 0 819,821 93,834 381,583 24,806 276,670 42,928 0.00% 182.83% 20.93% 85.10% 5.53% 61.70% 9.57% 536 819,821 93,834 381,583 24,806 276,670 42,928 0.12% 179.64% 20.56% 83.61% 5.44% 60.62% 9.41% 218,558 3,257,955 299,996 946,125 152,894 1,519,427 339,513 3.68% 54.90% 5.05% 15.94% 2.58% 25.60% 5.72% 2,581,302 11,215,488 1,020,291 3,356,182 635,131 4,917,386 1,286,498 10.26% 44.57% 4.05% 13.34% 2.52% 19.54% 5.11% 2,581,302 11,215,488 1,020,291 3,356,182 635,131 4,917,386 1,286,498 10.26% 44.57% 4.05% 13.34% 2.52% 19.54% 5.11% 2,581,302 11,215,488 1,020,291 3,356,182 635,131 4,917,386 1,286,498 10.26% 44.57% 4.05% 13.34% 2.52% 19.54% 5.11% 2,790 560,930 42,736 173,790 24,806 276,670 42,928 0.25% 49.52% 3.77% 15.34% 2.19% 24.43% 3.79% 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 61 819,821 93,834 381,583 24,806 276,670 42,928 0.01% 88.12% 10.09% 41.01% 2.67% 29.74% 4.61% 61 819,821 93,834 381,583 24,806 276,670 42,928 0.01% 88.25% 10.10% 41.07% 2.67% 29.78% 4.62% 61 819,821 93,834 381,583 24,806 276,670 42,928 0.01% 88.12% 10.09% 41.01% 2.67% 29.74% 4.61% 343,142 2,642,653 232,966 766,305 141,521 1,240,307 261,554 6.71% 51.70% 4.56% 14.99% 2.77% 24.26% 5.12% 2,581,302 11,215,488 1,020,291 3,356,182 635,131 4,917,386 1,286,498 10.26% 44.57% 4.05% 13.34% 2.52% 19.54% 5.11% 2,581,302 11,215,488 1,020,291 3,356,182 635,131 4,917,386 1,286,498 10.26% 44.57% 4.05% 13.34% 2.52% 19.54% 5.11%
Recap Schedules: G-4, G-3 Schedule H-1 Page 1 of 1 June, 2003 ARIZONA PUBLIC SERVICE COMPANY SUMMARY OF BASE REVENUES BY CUSTOMER CLASSIFICATION PRESENT AND PROPOSED RATES TEST YEAR ENDING DECEMBER 31, 2002, ADJUSTED
Base Revenues in the Test Year (a) Proposed Increase (b) ---------------------- ----------------------------- (A) (B) (C) (D) (E) (F) Proposed Present Proposed Proposed Increase Line Rates 1) Rates 3) 4) Amount CRCC 2) with CRCC Line No. Customer Classification ($000) ($000) ($000) % ($000) % No. --- ----------------------- --------- --------- ------- ---- ----- ---- ---- (B)-(A) (C)/(A) [(E)+(C)]/(A) 1 Residential 889,898 972,747 82,849 9.31% 3,737 9.73% 1 2 General Service 883,595 965,868 82,273 9.31% 4,485 9.82% 2 3 Irrigation 2,099 2,295 196 9.34% 11 9.86% 3 4 Outdoor Lighting 10,794 11,799 1,005 9.31% 36 9.64% 4 5 Dusk to Dawn Lighting Service 5,198 5,682 484 9.31% 14 9.58% 5 ========= ========= ======= ==== ===== ==== 6 Total Sales to Ultimate Retail Customers 1,791,584 1,958,391 166,807 9.31% 8,283 9.77% 6
(a) SUPPORTING SCHEDULES: H-2 (b) RECAP SCHEDULES: A-1 NOTES TO SCHEDULE: 1) Base Revenues under Present Rates reflect adjusted test year revenues including applicable proforma adjustments such as rate decreases and removal of franchise fees from base rates. 2) The CRCC is the Competition Rules Compliance Charge as proposed in ACC Docket No. E-01345A-02-0403. The proposed CRCC will be in place for five years. 3) Please note that the Proposed Increase shown on this schedule does not directly match the Proposed Increase on Schedule H-2 for the General Service and Irrigation classes. Schedule H-2 assumes customer migration from Irrigation to General Service due to more favorable rates. The total proposed revenue for both Irrigation and General Service classes on these two schedules match. 4) The total proposed revenue for both Outdoor Lighting and Dusk to Dawn classes on this schedule matches the total proposed revenue for both classes on Schedule H-2. Schedule H-2 Page 1 of 2 June, 2003 ARIZONA PUBLIC SERVICE COMPANY ANALYSIS OF BASE REVENUES BY DETAILED CLASS TEST YEAR ENDING DECEMBER 31, 2002, ADJUSTED
(A) (B) (C) (D) (E) Average Base Revenues Average Annual under Line Customer Classification Number of MWh kWh Usage Present Rates No. and Current Rate Designation Customers Sales per Customer ($000) ---- ---------------------------- ----------- ----------- ------------ ----------- [(C)x1000]/(B) 1 Residential 2 E-10 94,544 904,512 9,567 78,922 3 4 E-12 375,020 3,186,522 8,497 301,433 5 EC-1 24,951 568,530 22,786 42,753 6 ET-1 277,112 4,721,930 17,040 381,113 7 ECT-1R 43,117 1,205,109 27,950 85,677 8 DA-R1 -- -- -- -- ----------- ----------- ------------ ----------- 9 Total Residential 814,744 10,586,603 12,994 889,898 10 General Service 11 E-20 339 36,907 108,870 3,009 12 E-21 20 1,099 54,950 83 13 E-21 9 641 71,222 54 14 E-22 5 4,899 979,800 362 15 E-22 9 2,307 256,333 202 16 E-23 97 31,308 322,763 2,245 17 E-23 51 14,655 287,353 1,045 18 E-24 29 118,278 4,078,552 6,747 19 E-24 19 59,661 3,140,053 3,448 20 E-30 4,023 6,721 1,671 973 21 E-32, E-32R, E-53, E-54 94,180 9,551,113 101,413 716,195 22 E-34 41 1,232,771 30,067,585 66,458 23 E-35 19 1,217,184 64,062,316 57,357 24 E-38, E-38-8T, E-38TOW 88 7,320 83,182 471 25 E-40 2 1 500 2 26 E-51 4 18,135 4,533,750 1,158 27 E-221, E-221-8T, E-221TOW 1,272 302,679 237,955 20,423 28 Contracts 3 100,373 33,457,667 3,363 29 DA-GS1,10,11,12,13 -- -- -- -- ----------- ----------- ------------ ----------- 30 Total General Service 100,210 12,706,052 126,794 883,595 (F) (G) (H) (I) (J) Proposed Rates (a) Proposed Increase ------------------------------------------------------- --------------------- Base Proposed Revenues CRCC Amount Line Rate Designation ($000) ($000) ($000) % No. ---------------------- -------- ------ ------- ----- ---- (C)x0.000353 [(G)+(H)]-(E) (I)/(E) 1 E-10 Step 1 88,530 319 9,927 12.58% 2 E-12 1,586 1,586 1.79% 3 E-12 320,161 1,125 19,853 6.59% 4 ECT-1R 49,160 201 6,608 15.46% 5 ET-1 422,085 1,667 42,639 11.19% 6 ECT-1R 91,225 425 5,973 6.97% 7 DA-R1 Rate Cancelled 8 -------- ------ ------- 972,747 3,737 86,586 9.73% 9 10 E-20 3,430 13 434 14.42% 11 E-32TOU 101 - 18 21.69% 12 E-32 67 - 13 24.07% 13 E-32TOU 352 2 (8) -2.21% 14 E-32 295 1 94 46.53% 15 E-32TOU 2,319 11 85 3.79% 16 E-32 1,046 5 6 0.57% 17 E-32TOU 7,777 42 1,072 15.89% 18 E-32 3,667 21 240 6.96% 19 E-30 1,065 2 94 9.66% 20 E-32, E-32R, E-53, E-54 782,311 3,372 69,488 9.70% 21 E-34 72,904 435 6,881 10.35% 22 E-35 62,926 430 5,999 10.46% 23 E-221, E-221-8T, E-221TOW 541 3 73 15.50% 24 E-40 2 - 9.33% 25 E-51 1,282 6 130 11.23% 26 E-221, E-221-8T, E-221TOW 22,322 107 2,006 9.82% 27 Contracts 3,485 35 157 4.67% 28 DA-GS1,10,11,12,13 - - - Rates Cancelled - - - 29 -------- ------ ------- ----- 965,892 4,485 86,782 9.82% 30 SUPPORTING SCHEDULES: RECAP SCHEDULES: (a) H-1
Schedule H-2 Page 2 of 2 June, 2003 ARIZONA PUBLIC SERVICE COMPANY ANALYSIS OF BASE REVENUES BY DETAILED CLASS TEST YEAR ENDING DECEMBER 31, 2002, ADJUSTED
(A) (B) (C) (D) (E) Average Base Revenues Average Annual under Line Customer Classification Number of MWh kWh Usage Present Rates No. and Current Rate Designation Customers Sales per Customer ($000) ---- ---------------------------- ----------- ----------- ------------ ----------- [(C)x1000]/(B) 31 Irrigation 32 E-32 135 11,308 83,763 822 33 E-38, E-38-8T, E-38TOW 69 7,786 112,841 476 34 E-221, E-221-8T, E-221TOW 128 11,747 91,773 801 ----------- ----------- ------------ ----------- 35 Total Irrigation 332 30,841 92,895 2,099 36 Outdoor Lighting 37 E-32 4 59 14,750 6 38 E-58 517 21,744 42,058 4,552 39 E-59 177 64,993 367,192 5,509 40 E-67 231 4,579 19,823 156 41 Contracts 24 9,366 390,250 571 ----------- ----------- ------------ ----------- 42 Total Outdoor Lighting 953 100,741 105,709 10,794 43 Dusk to Dawn Lighting Service See Note 4) 38,475 See Note 4) 5,198 =========== =========== ============ =========== 44 Total Sales to Ultimate Retail Customers 916,239 23,462,712 25,608 1,791,584 (F) (G) (H) (I) (J) Proposed Rates (a) Proposed Increase ------------------------------------------------------- --------------------- Base Proposed Revenues CRCC Amount Line Rate Designation ($000) ($000) ($000) % No. ---------------------- -------- ------ ------- ----- ---- (C)x0.000353 [(G)+(H)]-(E) (I)/(E) 31 E-221 805 4 (13) -1.58% 32 E-221, E-221-8T, E-221TOW 569 3 96 20.17% 33 E-221, E-221-8T, E-221TOW 897 4 100 12.48% 34 ------ ------- ------ 2,271 11 183 8.72% 35 E-32 6 - 0 5.66% 37 E-58 4,976 8 432 9.49% 38 E-59 6,022 23 536 9.73% 39 E-67 186 2 32 20.51% 40 Contracts 624 3 56 9.81% 41 ------ ------- ------ 11,814 36 1,056 9.79% 42 5,667 14 483 9.29% 43 ====== ======= ====== 44 1,958,391 8,283 175,090 9.77% 44
SUPPORTING SCHEDULES: RECAP SCHEDULES: (a) H-1 NOTES TO SCHEDULE: 1) Base Revenues under Present Rates reflect adjusted test year revenues including applicable proforma adjustments such as rate decreases and removal of franchise fees from base rates. 2) The CRCC is the Competition Rules Compliance Charge as proposed in ACC Docket No. E-01345A-02-0403. The proposed CRCC will be in place for five years. 3) The following rate schedules will not change: Solar Rate Schedules, EPR Rate Schedules, Share the Light Rate Schedules, Rate Schedules E-36, E-52, and E-55, and Rate Schedules E-3 and E-4. 4) Dusk to Dawn Lighting customers are included in residential and general service counts as this service is included on each customer's primary billing. 5) Reclassification of revenue in Irrigation and General Service classes results in class revenue shifts. The total proposed revenue for both Irrigation and General Service classes on this schedule matches the total proposed revenue for both classes on Schedule H-1. 6) The total proposed revenue for both Outdoor Lighting and Dusk to Dawn classes on this schedule matches the total proposed revenue for both classes on Schedule H-1. Schedule H-3 Page 1 of 12 June, 2003 ARIZONA PUBLIC SERVICE COMPANY CHANGES IN REPRESENTATIVE RATE SCHEDULES COMPARISON OF PRESENT AND PROPOSED RATES TEST YEAR ENDING DECEMBER 31, 2002
(A) (B) (C) (D) (E) (F) Present Rates LINE Rate ------------------------------------------------ NO. Schedule Description Season Block Rates --- -------- ----------- ------ ----- ----- 1 E-3 Residential Energy NO CHANGE 2 Support Program 3 E-4 Residential Energy NO CHANGE 4 Support Program 5 E-10 Residential Service Summer Basic Service Charge $ 7.50 /mo 6 STEP 1 7 First 400 kWh 0.06682 /kWh 8 Next 400 kWh 0.09189 /kWh 9 All additional kWh 0.09440 /kWh 10 Winter Basic Service Charge $ 7.50 /mo 11 12 All kWh 0.07609 /kWh 13 Sum & Win Minimum $ 7.50 /mo 14 E-10 Residential Service 15 STEP 2 16 (Move to 17 E-12) 18 19 20 E-12 Residential Service Summer Basic Service Charge $ 7.50 /mo 21 22 First 400 kWh 0.07376 /kWh 23 Next 400 kWh 0.10281 /kWh 24 All additional kWh 0.11991 /kWh 25 Winter Basic Service Charge $ 7.50 /mo 26 27 All kWh 0.07394 /kWh 28 Sum & Win Minimum $ 7.50 /mo (G) (H) (I) (J) (K) (L) (M) Proposed Rates Proposed Rates ------------------------------------------------- with Line Block Rates Franchise Fees Change No. ----- ----- -------------- ------ --- (H)x0.0144 (J)-(E) NO CHANGE 1 2 NO CHANGE 3 4 N/A 5 Basic Service Charge $ 0.271 /day $ 0.275 /day N/A 6 First 400 kWh 0.07332 /kWh 0.07438 /kWh 0.00756 /kWh 7 Next 400 kWh 0.10083 /kWh 0.10228 /kWh 0.01039 /kWh 8 All additional kWh 0.10358 /kWh 0.10507 /kWh 0.01067 /kWh 9 N/A 10 Basic Service Charge $ 0.271 /day $ 0.275 /day N/A 11 All kWh 0.08349 /kWh 0.08469 /kWh 0.00860 /kWh 12 N/A 13 Basic Service Charge $ 0.411 /day $ 0.417 /day N/A 14 First 400 kWh 0.08640 /kWh 0.08764 /kWh N/A 15 Next 400 kWh 0.08640 /kWh 0.08764 /kWh N/A 16 All additional kWh 0.11006 /kWh 0.11164 /kWh N/A 17 Basic Service Charge $ 0.411 /day $ 0.417 /day N/A 18 All kWh 0.07004 /kWh 0.07105 /kWh N/A 19 N/A 20 Basic Service Charge $ 0.411 /day $ 0.417 /day N/A 21 First 400 kWh 0.08640 /kWh 0.08764 /kWh 0.01388 /kWh 22 Next 400 kWh 0.08640 /kWh 0.08764 /kWh (0.01517)/kWh 23 All additional kWh 0.11006 /kWh 0.11164 /kWh (0.00827)/kWh 24 N/A 25 Basic Service Charge $ 0.411 /day $ 0.417 /day N/A 26 All kWh 0.07004 /kWh 0.07105 /kWh (0.00289)/kWh 27 N/A 28
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Franchise fees are shown as an average percentage of total revenue requirement (Present Rates include franchise fee). 2) Proposed rates are shown on a bundled basis. See tariff sheets for unbundled components. 3) Present rates are those rates effective 7/01/2003. Schedule H-3 Page 2 of 12 June, 2003 ARIZONA PUBLIC SERVICE COMPANY CHANGES IN REPRESENTATIVE RATE SCHEDULES COMPARISON OF PRESENT AND PROPOSED RATES TEST YEAR ENDING DECEMBER 31, 2002
(A) (B) (C) (D) (E) (F) Present Rates LINE Rate ------------------------------------------------ NO. Schedule Description Season Block Rates --- -------- ----------- ------ ----- ----- 29 EC-1 Residential Service Summer Basic Service Charge $ 10.00 /mo 30 (Move to With Demand Charge 31 ECT-1R) All kW 9.84 /kW 32 All kWh (demand cap) 0.07872 /kWh 33 All kWh 0.03827 /kWh 34 35 36 Winter Basic Service Charge $ 10.00 /mo 37 38 All kW 7.06 /kW 39 All kWh (demand cap) 0.05648 /kWh 40 All kWh 0.03176 /kWh 41 42 Sum & Win Minimum $ 10.00 /mo 43 ET-1 Residential Service Summer Basic Service Charge $ 15.00 /mo 44 Time of Use 45 All On-Peak kWh 0.12815 /kWh 46 All Off-Peak kWh 0.04129 /kWh 47 Winter Basic Service Charge $ 15.00 /mo 48 49 All On-Peak kWh 0.10656 /kWh 50 All Off-Peak kWh 0.04129 /kWh 51 52 Sum & Win Minimum $ 15.00 /mo 53 ECT-1R Residential Service Summer Basic Service Charge $ 15.00 /mo 54 Time of Use with 55 Demand Charge All On-Peak kW 11.33 /kW 56 All kWh (demand cap) 0.08912 /kWh 57 All On-Peak kWh 0.04572 /kWh 58 All Off-Peak kWh 0.02543 /kWh (G) (H) (I) (J) (K) (L) (M) Proposed Rates Proposed Rates ------------------------------------------------- with Line Block Rates Franchise Fees Change No. ----- ----- -------------- ------ --- (H)x0.0144 (J)-(E) N/A 29 Basic Service Charge $ 0.493 /day $ 0.500 /day N/A 30 All On-Peak kW 11.00 /kW 11.16 /kW 1.32 /kW 31 N/A 32 N/A 33 All On-Peak kWh 0.05204 /kWh 0.05279 /kWh N/A 34 All Off-Peak kWh 0.03202 /kWh 0.03248 /kWh N/A 35 N/A 36 Basic Service Charge $ 0.493 /day $ 0.500 /day N/A 37 All kW 8.00 /kW 8.12 /kW 1.06 /kW 38 N/A 39 N/A 40 All kWh 0.03025 /kWh 0.03069 /kWh N/A 41 N/A 42 N/A 43 Basic Service Charge $ 0.485 /day $ 0.492 /day N/A 44 All On-Peak kWh 0.12151 /kWh 0.12326 /kWh (0.00489)/kWh 45 All Off-Peak kWh 0.06121 /kWh 0.06209 /kWh 0.02080 /kWh 46 N/A 47 Basic Service Charge $ 0.485 /day $ 0.492 /day N/A 48 N/A 49 N/A 50 All kWh 0.06784 /kWh 0.06882 /kWh N/A 51 N/A 52 N/A 53 Basic Service Charge $ 0.493 /day $ 0.500 /day N/A 54 All On-Peak kW 11.00 /kW 11.16 /kW (0.17)/kW 55 N/A 56 All On-Peak kWh 0.05204 /kWh 0.05279 /kWh 0.00707 /kWh 57 All Off-Peak kWh 0.03202 /kWh 0.03248 /kWh 0.00705 /kWh 58
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Franchise fees are shown as an average percentage of total revenue requirement (Present Rates include franchise fee). 2) Proposed rates are shown on a bundled basis. See tariff sheets for unbundled components. 3) Present rates are those rates effective 7/01/2003. Schedule H-3 Page 3 of 12 June, 2003 ARIZONA PUBLIC SERVICE COMPANY CHANGES IN REPRESENTATIVE RATE SCHEDULES COMPARISON OF PRESENT AND PROPOSED RATES TEST YEAR ENDING DECEMBER 31, 2002
(A) (B) (C) (D) (E) (F) Present Rates LINE Rate ------------------------------------------------ NO. Schedule Description Season Block Rates --- -------- ----------- ------ ----- ----- 59 ECT-1R Winter Basic Service Charge $ 15.00 /mo 60 (cont) 61 All On-Peak kW 8.11 /kW 62 All kWh (demand cap) 0.06488 /kWh 63 All On-Peak kWh 0.03618 /kWh 64 All Off-Peak kWh 0.02543 /kWh 65 66 Sum & Win Minimum $ 15.00 /mo 67 E-20 General Service Summer Basic Service Charge $ 27.00 /mo 68 Time of Use for 69 Religious Houses of 70 Worship All On-Peak kW 1.93 /kW 71 Excess Off-Peak kW 0.97 /kW 72 All On-Peak kWh 0.11605 /kWh 73 All Off-Peak kWh 0.05605 /kWh 74 Winter Basic Service Charge $ 27.00 /mo 75 76 77 All On-Peak kW 1.74 /kW 78 Excess Off-Peak kW 0.87 /kW 79 All On-Peak kWh 0.10205 /kWh 80 All Off-Peak kWh 0.05024 /kWh 81 82 Sum & Win Minimum - Basic Service Charge $ 20.00 /mo 83 84 85 86 87 Minimum - Demand Charge 1.60 /kW (G) (H) (I) (J) (K) (L) (M) Proposed Rates Proposed Rates ------------------------------------------------- with Line Block Rates Franchise Fees Change No. ----- ----- -------------- ------ --- (H)x0.0144 (J)-(E) N/A 59 Basic Service Charge $ 0.493 /day $ 0.500 /day N/A 60 All kW 8.00 /kW 8.12 /kW 0.01 /kW 61 N/A 62 N/A 63 N/A 64 All kWh 0.03025 /kWh 0.03069 /kWh N/A 65 N/A 66 N/A 67 BSC: Self-Contained Meters $ 0.600 /day $ 0.609 /day N/A 68 BSC: Instrument-rated Meters $ 1.134 /day $ 1.150 /day N/A 69 All On-Peak kW 2.00 /kW 2.03 /kW 0.10 /kW 70 Excess Off-Peak kW 1.00 /kW 1.01 /kW 0.04 /kW 71 All On-Peak kWh 0.10122 /kWh 0.10268 /kWh (0.01337)/kWh 72 All Off-Peak kWh 0.06873 /kWh 0.06972 /kWh 0.01367 /kWh 73 N/A 74 BSC: Self-Contained Meters $ 0.600 /day $ 0.609 /day N/A 75 BSC: Instrument-rated Meters $ 1.134 /day $ 1.150 /day N/A 76 All On-Peak kW 2.00 /kW 2.03 /kW 0.29 /kW 77 Excess Off-Peak kW 1.00 /kW 1.01 /kW 0.14 /kW 78 N/A 79 N/A 80 All kWh 0.07638 /kWh 0.07748 /kWh N/A 81 N/A 82 Minimum: Self-Contained Meters $ 0.600 /day $ 0.609 /day N/A 83 Minimum: Instrument-rated Meters $ 1.134 /day $ 1.150 /day N/A 84 Minimum: Primary Meters $ 2.926 /day $ 2.968 /day N/A 85 Minimum: Transmission Meters $ 22.422 /day $ 22.745 /day N/A 86 Minimum - Demand Charge 1.75 /kW 1.78 /kW 0.18 /kW 87
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Franchise fees are shown as an average percentage of total revenue requirement (Present Rates include franchise fee). 2) Proposed rates are shown on a bundled basis. See tariff sheets for unbundled components. 3) Present rates are those rates effective 7/01/2003. Schedule H-3 Page 4 of 12 June, 2003 ARIZONA PUBLIC SERVICE COMPANY CHANGES IN REPRESENTATIVE RATE SCHEDULES COMPARISON OF PRESENT AND PROPOSED RATES TEST YEAR ENDING DECEMBER 31, 2002
(A) (B) (C) (D) (E) (F) Present Rates LINE Rate ------------------------------------------------ NO. Schedule Description Season Block Rates --- -------- ----------- ------ ----- ----- 88 Experimental General Service Summer 89 Time-of-Use Rate Schedules 90 E-21, E-22, E-23, E-24 91 are cancelled and are replaced by 92 General Service Time-of-Use 93 Rate Schedule E-32TOU 94 95 96 Winter 97 98 99 100 101 Summer 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 (G) (H) (I) (J) (K) (L) (M) Proposed Rates Proposed Rates ------------------------------------------------- with Line Block Rates Franchise Fees Change No. ----- ----- -------------- ------ --- (H)x0.0144 (J)-(E) E-32TOU: 20 kW or less 88 BSC: Self-Contained Meters $ 0.600 /day $ 0.609 /day N/A 89 BSC: Instrument-rated Meters 1.134 /day 1.150 /day N/A 90 BSC: Primary Meters 2.926 /day 2.968 /day N/A 91 All On-Peak kWh: Secondary 0.11375 /kWh 0.11539 /kWh N/A 92 All Off-Peak kWh: Secondary 0.09375 /kWh 0.09510 /kWh N/A 93 All On-Peak kWh: Primary 0.10653 /kWh 0.10806 /kWh 94 All Off-Peak kWh: Primary 0.08653 /kWh 0.08778 /kWh 95 BSC: Self-Contained Meters $ 0.600 /day $ 0.609 /day N/A 96 BSC: Instrument-rated Meters 1.134 /day 1.134 /day N/A 97 BSC: Primary Meters 2.926 /day 2.926 /day N/A 98 All kWh: Secondary 0.09095 /kWh 0.09226 /kWh N/A 99 All kWh: Primary 0.08373 /kWh 0.08494 /kWh 100 E-32TOU: Over 20 kW 101 BSC: Self-Contained Meters $ 0.600 /day $ 0.609 /day N/A 102 BSC: Instrument-rated Meters 1.134 /day 1.134 /day N/A 103 BSC: Primary Meters 2.926 /day 2.926 /day N/A 104 BSC: Transmission Meters 22.422 /day 22.745 /day N/A 105 First 500 On-Peak kW: Secondary 15.046 /kW 15.263 /kW N/A 106 All additional On-Peak kW: Secondary 13.316 /kW 13.508 /kW N/A 107 Residual Off-Peak kW: Secondary 6.783 /kW 6.881 /kW N/A 108 First 500 On-Peak kW: Primary 13.456 /kW 13.650 /kW N/A 109 All additional On-Peak kW: Primary 11.726 /kW 11.895 /kW N/A 110 Residual Off-Peak kW: Primary 5.193 /kW 5.268 /kW N/A 111 First 500 On-Peak kW: Trans. 10.446 /kW 10.596 /kW N/A 112 All additional On-Peak kW: Trans. 8.716 /kW 8.842 /kW N/A 113 Residual Off-Peak kW: Trans. 2.183 /kW 2.214 /kW N/A 114 All On-Peak kWh 0.04855 /kWh 0.04925 /kWh N/A 115 All Off-Peak kWh 0.03855 /kWh 0.03911 /kWh N/A 116
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Franchise fees are shown as an average percentage of total revenue requirement (Present Rates include franchise fee). 2) Proposed rates are shown on a bundled basis. See tariff sheets for unbundled components. 3) Present rates are those rates effective 7/01/2003. Schedule H-3 Page 5 of 12 June, 2003 ARIZONA PUBLIC SERVICE COMPANY CHANGES IN REPRESENTATIVE RATE SCHEDULES COMPARISON OF PRESENT AND PROPOSED RATES TEST YEAR ENDING DECEMBER 31, 2002
(A) (B) (C) (D) (E) (F) Present Rates LINE Rate ------------------------------------------------ NO. Schedule Description Season Block Rates --- -------- ----------- ------ ----- ----- 117 Experimental General Service Winter 118 Time-of-Use Rate Schedules 119 E-21, E-22, E-23, E-24 120 are cancelled and are replaced by 121 General Service Time-of-Use 122 Rate Schedule E-32TOU 123 (cont) 124 125 126 127 128 129 130 131 Sum & Win 132 133 134 135 136 E-30 Extra Small General Summer Basic Service Charge $ 6.25 /mo 137 Service Unmetered 138 All kWh 0.10179 /kWh 139 Winter Basic Service Charge $ 6.25 /mo 140 141 All kWh 0.09168 /kWh 142 Sum & Win Minimum $ 6.25 /mo (G) (H) (I) (J) (K) (L) (M) Proposed Rates Proposed Rates ------------------------------------------------- with Line Block Rates Franchise Fees Change No. ----- ----- -------------- ------ --- (H)x0.0144 (J)-(E) BSC: Self-Contained Meters $ 0.600 /day $ 0.609 /day N/A 117 BSC: Instrument-rated Meters 1.134 /day 1.150 /day N/A 118 BSC: Primary Meters 2.926 /day 2.968 /day N/A 119 BSC: Transmission Meters 22.422 /day 22.745 /day N/A 120 First 500 On-Peak kW: Secondary 15.046 /kW 15.263 /kW N/A 121 All additional On-Peak kW: Secondary 13.316 /kW 13.508 /kW N/A 122 Residual Off-Peak kW: Secondary 6.783 /kW 6.881 /kW N/A 123 First 500 On-Peak kW: Primary 13.456 /kW 13.650 /kW N/A 124 All additional On-Peak kW: Primary 11.726 /kW 11.895 /kW N/A 125 Residual Off-Peak kW: Primary 5.193 /kW 5.268 /kW N/A 126 First 500 On-Peak kW: Trans. 10.446 /kW 10.596 /kW N/A 127 All additional On-Peak kW: Trans. 8.716 /kW 8.842 /kW N/A 128 Residual Off-Peak kW: Trans. 2.183 /kW 2.214 /kW N/A 129 All kWh 0.03290 /kWh 0.03337 /kWh N/A 130 Minimum: Self-Contained Meters $ 0.600 /day $ 0.609 /day N/A 131 Minimum: Instrument-rated Meters 1.134 /day 1.150 /day N/A 132 Minimum: Primary Meters 2.926 /day 2.968 /day N/A 133 Minimum: Transmission Meters 22.422 /day 22.745 /day N/A 134 Minimum - Demand Charge 1.75 /kW 1.78 /kW N/A 135 N/A 136 Basic Service Charge $ 0.286 /day $ 0.290 /day N/A 137 All kWh 0.10091 /kWh 0.10236 /kWh 0.00057 /kWh 138 N/A 139 Basic Service Charge $ 0.286 /day $ 0.290 /day N/A 140 All kWh 0.09091 /kWh 0.09222 /kWh 0.00054 /kWh 141 N/A 142
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Franchise fees are shown as an average percentage of total revenue requirement (Present Rates include franchise fee). 2) Proposed rates are shown on a bundled basis. See tariff sheets for unbundled components. 3) Present rates are those rates effective 7/01/2003. Schedule H-3 Page 6 of 12 June, 2003 ARIZONA PUBLIC SERVICE COMPANY CHANGES IN REPRESENTATIVE RATE SCHEDULES COMPARISON OF PRESENT AND PROPOSED RATES TEST YEAR ENDING DECEMBER 31, 2002
(A) (B) (C) (D) (E) (F) Present Rates LINE Rate ------------------------------------------------ NO. Schedule Description Season Block Rates --- -------- ----------- ------ ----- ----- 143 144 E-32 General Service Summer Basic Service Charge $ 12.50 /mo 145 146 147 148 All kW over 5 1.70 /kW 149 First 2,500 kWh: 0.10201 /kWh 150 Next 100 kWh per kW over 5: 0.10201 /kWh 151 Next 42,000 kWh 0.06989 /kWh 152 All additional kWh 0.04403 /kWh 153 154 155 Winter Basic Service Charge $ 12.50 /mo 156 157 158 159 All kW over 5 1.55 /kW 160 First 2,500 kWh: 0.09188 /kWh 161 Next 100 kWh per kW over 5: 0.09188 /kWh 162 Next 42,000 kWh 0.06276 /kWh 163 All additional kWh 0.03937 /kWh 164 165 166 Sum & Win Minimum - Basic Service Charge $ 12.50 /mo 167 Minimum - Demand Charge 1.60 /kW (G) (H) (I) (J) (K) (L) (M) Proposed Rates Proposed Rates ------------------------------------------------- with Line Block Rates Franchise Fees Change No. ----- ----- -------------- ------ --- (H)x0.0144 (J)-(E) E-32: 20 kW or less 143 N/A 144 BSC: Self-Contained Meters $ 0.575 /day $ 0.583 /day N/A 145 BSC: Instrument-rated Meters 1.134 /day 1.150 /day N/A 146 BSC: Primary Meters 2.926 /day 2.968 /day N/A 147 N/A 148 N/A 149 N/A 150 N/A 151 N/A 152 All kWh: Secondary 0.10095 /kWh 0.10240 /kWh N/A 153 All kWh: Primary 0.09373 /kWh 0.09508 /kWh N/A 154 N/A 155 BSC: Self-Contained Meters $ 0.575 /day $ 0.583 /day N/A 156 BSC: Instrument-rated Meters 1.134 /day 1.150 /day N/A 157 BSC: Primary Meters 2.926 /day 2.968 /day N/A 158 N/A 159 N/A 160 N/A 161 N/A 162 N/A 163 All kWh: Secondary 0.09095 /kWh 0.09226 /kWh N/A 164 All kWh: Primary 0.08373 /kWh 0.08494 /kWh N/A 165 N/A 166 N/A 167
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Franchise fees are shown as an average percentage of total revenue requirement (Present Rates include franchise fee). 2) Proposed rates are shown on a bundled basis. See tariff sheets for unbundled components. 3) Present rates are those rates effective 7/01/2003. Schedule H-3 Page 7 of 12 June, 2003 ARIZONA PUBLIC SERVICE COMPANY CHANGES IN REPRESENTATIVE RATE SCHEDULES COMPARISON OF PRESENT AND PROPOSED RATES TEST YEAR ENDING DECEMBER 31, 2002
(A) (B) (C) (D) (E) (F) Present Rates LINE Rate ------------------------------------------------ NO. Schedule Description Season Block Rates --- -------- ----------- ------ ----- ----- 168 169 E-32 General Service Summer Basic Service Charge $ 12.50 /mo 170 (cont) 171 172 173 174 All kW over 5 1.70 /kW 175 176 177 178 179 180 181 First 2,500 kWh: 0.10201 /kWh 182 Next 100 kWh per kW over 5: 0.10201 /kWh 183 Next 42,000 kWh 0.06989 /kWh 184 All additional kWh 0.04403 /kWh 185 186 187 Winter Basic Service Charge $ 12.50 /mo 188 189 190 191 192 All kW over 5 1.55 /kW 193 194 195 196 197 198 199 First 2,500 kWh: 0.09188 /kWh 200 Next 100 kWh per kW over 5: 0.09188 /kWh 201 Next 42,000 kWh 0.06276 /kWh 202 All additional kWh 0.03937 /kWh 203 204 (G) (H) (I) (J) (K) (L) (M) Proposed Rates Proposed Rates ------------------------------------------------- with Line Block Rates Franchise Fees Change No. ----- ----- -------------- ------ --- (H)x0.0144 (J)-(E) E-32: Over 20 kW 168 N/A 169 BSC: Self-Contained Meters $ 0.575 /day $ 0.583 /day N/A 170 BSC: Instrument-rated Meters 1.134 /day 1.150 /day N/A 171 BSC: Primary Meters 2.926 /day 2.968 /day N/A 172 BSC: Transmission Meters 22.422 /day 22.745 /day N/A 173 N/A 174 First 500 kW: Secondary 6.348 /kW 6.439 /kW N/A 175 All additional kW: Secondary 4.618 /kW 4.684 /kW N/A 176 First 500 kW: Primary 4.758 /kW 4.827 /kW N/A 177 All additional kW: Primary 3.028 /kW 3.072 /kW N/A 178 First 500 kW: Trans. 1.748 /kW 1.773 /kW N/A 179 All additional kW: Trans. 0.018 /kW 0.018 /kW N/A 180 N/A 181 N/A 182 N/A 183 N/A 184 First 200 kWh per kW: 0.08518 /kWh 0.08641 /kWh N/A 185 All additional kWh: 0.04290 /kWh 0.04352 /kWh N/A 186 N/A 187 BSC: Self-Contained Meters $ 0.575 /day $ 0.583 /day N/A 188 BSC: Instrument-rated Meters 1.134 /day 1.150 /day N/A 189 BSC: Primary Meters 2.926 /day 2.968 /day N/A 190 BSC: Transmission Meters 22.422 /day 22.745 /day N/A 191 N/A 192 First 500 kW: Secondary 6.348 /kW 6.439 /kW N/A 193 All additional kW: Secondary 4.618 /kW 4.684 /kW N/A 194 First 500 kW: Primary 4.758 /kW 4.827 /kW N/A 195 All additional kW: Primary 3.028 /kW 3.072 /kW N/A 196 First 500 kW: Trans. 1.748 /kW 1.773 /kW N/A 197 All additional kW: Trans. 0.018 /kW 0.018 /kW N/A 198 N/A 199 N/A 200 N/A 201 N/A 202 First 200 kWh per kW: 0.07518 /kWh 0.07626 /kWh N/A 203 All additional kWh: 0.03290 /kWh 0.03337 /kWh N/A 204
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Franchise fees are shown as an average percentage of total revenue requirement (Present Rates include franchise fee). 2) Proposed rates are shown on a bundled basis. See tariff sheets for unbundled components. 3) Present rates are those rates effective 7/01/2003. Schedule H-3 Page 8 of 12 June, 2003 ARIZONA PUBLIC SERVICE COMPANY CHANGES IN REPRESENTATIVE RATE SCHEDULES COMPARISON OF PRESENT AND PROPOSED RATES TEST YEAR ENDING DECEMBER 31, 2002
(A) (B) (C) (D) (E) (F) Present Rates LINE Rate ------------------------------------------------ NO. Schedule Description Season Block Rates --- -------- ----------- ------ ----- ----- 205 E-32 Sum & Win Minimum - Basic Service Charge $ 12.50 /mo 206 (cont) 207 208 209 210 Minimum - Demand Charge 1.60 /kW 211 E-32R Partial Requirements NO CHANGE 212 General Service 213 E-34 Extra Large General Sum & Win Basic Service Charge $2,430.00 /mo 214 Service 215 216 217 218 All kW 10.61 /kW 219 220 221 All kWh 0.03126 /kWh 222 Sum & Win Minimum - Basic Service Charge $2,430.00 /mo 223 Minimum - Demand Charge 10.61 /kW 224 E-35 Extra Large General Sum & Win Basic Service Charge $2,450.00 /mo 225 Service Time of Use 226 227 228 229 All On-Peak kW 13.05 /kW 230 Excess Off-Peak Billing Demand 6.53 /kW 231 232 233 234 235 All On-Peak kWh 0.03605 /kWh 236 All Off-Peak kWh 0.02105 /kWh 237 Sum & Win Minimum - Basic Service Charge $2,450.00 /mo 238 Minimum - Demand Charge 13.05 /kW (G) (H) (I) (J) (K) (L) (M) Proposed Rates Proposed Rates ------------------------------------------------- with Line Block Rates Franchise Fees Change No. ----- ----- -------------- ------ --- (H)x0.0144 (J)-(E) N/A 205 Minimum: Self-Contained Meters $ 0.575 /day $ 0.583 /day N/A 206 Minimum: Instrument-rated Meters 1.134 /day 1.150 /day N/A 207 Minimum: Primary Meters 2.926 /day 2.968 /day N/A 208 Minimum: Transmission Meters 22.422 /day 22.745 /day N/A 209 Minimum - Demand Charge 1.75 /kW 1.78 /kW 0.18 /mo 210 NO CHANGE 211 212 N/A 213 BSC: Self-Contained Meters $ 0.575 /day $ 0.583 /day N/A 214 BSC: Instrument-rated Meters 1.134 /day 1.150 /day N/A 215 BSC: Primary Meters 2.926 /day 2.968 /day N/A 216 BSC: Transmission Meters 22.422 /day 22.745 /day N/A 217 All kW: Secondary 13.062 /kW 13.250 /kW 2.640 /kW 218 All kW: Primary 12.372 /kW 12.550 /kW N/A 219 All kW: Trans. 8.882 /kW 9.010 /kW N/A 220 All kWh 0.03284 /kWh 0.03331 /kWh 0.00205 /kWh 221 N/A 222 N/A 223 N/A 224 BSC: Self-Contained Meters $ 0.600 /day $ 0.609 /day N/A 225 BSC: Instrument-rated Meters 1.134 /day 1.150 /day N/A 226 BSC: Primary Meters 2.926 /day 2.968 /day N/A 227 BSC: Transmission Meters 22.422 /day 22.745 /day N/A 228 All On-Peak kW: Secondary 13.598 /kW 13.794 /kW 0.744 /kW 229 Excess Off-Peak kW: Secondary 6.717 /kW 6.814 /kW 0.284 /kW 230 All On-Peak kW: Primary 12.908 /kW 13.094 /kW N/A 231 Excess Off-Peak kW: Primary 6.027 /kW 6.114 /kW N/A 232 All On-Peak kW: Trans. 9.418 /kW 9.554 /kW N/A 233 Excess Off-Peak kW: Trans. 2.537 /kW 2.574 /kW N/A 234 All On-Peak kWh 0.03618 /kWh 0.03670 /kWh 0.00065 /kWh 235 All Off-Peak kWh 0.02868 /kWh 0.02909 /kWh 0.00804 /kWh 236 N/A 237 N/A 238
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Franchise fees are shown as an average percentage of total revenue requirement (Present Rates include franchise fee). 2) Proposed rates are shown on a bundled basis. See tariff sheets for unbundled components. 3) Present rates are those rates effective 7/01/2003. Schedule H-3 Page 9 of 12 June, 2003 ARIZONA PUBLIC SERVICE COMPANY CHANGES IN REPRESENTATIVE RATE SCHEDULES COMPARISON OF PRESENT AND PROPOSED RATES TEST YEAR ENDING DECEMBER 31, 2002
(A) (B) (C) (D) (E) (F) Present Rates LINE Rate ------------------------------------------------ NO. Schedule Description Season Block Rates --- -------- ----------- ------ ----- ----- 239 E-36 Station Use Service NO CHANGE 240 E-38 Agricultural Rate Schedules E-38 and E-38-8T 241 Irrigation Service are being cancelled. Customers will be moved to 242 E-221 and E-221-8T. 243 E-40 Agricultural Wind Sum & Win Service Charge $/HP/yr $ 12.23 /mo 244 Machine Service All kWh 0.06256 /kWh 245 E-47 Dusk to Dawn Lighting Rate Schedule E-47 is completely redesigned; therefore 246 Service one-on-one comparisons are not meaningful. Please see 247 the actual rate schedule itself for rates. 248 E-51 Optional Electric Sum & Win Basic Service Charge $ 8.00 /mo 249 Service for Qualified Generator Meter Charge 24.00 /mo 250 Cogeneration and Small 251 Power Production 252 Sum & Win Reservation Charge per kW $ 1.99 /kW 253 Facilities over 100 KW Initial Reservation Charge 19.79 /kW 254 Summer Standby - All On-Peak kWh 0.04383 /kWh 255 Standby - All Off-Peak kWh 0.02040 /kWh 256 Winter Standby - All On-Peak kWh 0.03115 /kWh 257 Standby - All Off-Peak kWh 0.02040 /kWh 258 259 Sum & Win Maintenance - All kWh $ 0.02040 /kWh 260 E-52 Electric Service for NO CHANGE 261 Partial Requirements 262 Service of less than 263 3000 kW 264 E-53 Electric Service for NO CHANGE 265 Athletic Stadiums 266 and Sports Fields (G) (H) (I) (J) (K) (L) (M) Proposed Rates Proposed Rates ------------------------------------------------- with Line Block Rates Franchise Fees Change No. ----- ----- -------------- ------ --- (H)x0.0144 (J)-(E) NO CHANGE 239 240 241 242 Service Charge $/HP/yr $ 13.37 /mo $ 13.56 /mo $ 1.33 /mo 243 All kWh 0.06838 /kWh 0.06936 /kWh 0.00680 /kWh 244 245 246 247 N/A 248 N/A 249 Basic Service Charge $ 0.263 /day $ 0.267 /day N/A 250 Generator Meter Charge $ 0.789 /day $ 0.800 /day N/A 251 Reservation Charge per kW $ 1.98 /kW 2.01 /kW 0.020 /kW 252 Initial Reservation Charge 19.79 /kW 20.07 /kW 0.280 /kW 253 Standby - All On-Peak kWh 0.04383 /kWh 0.04446 /kWh 0.00063 /kWh 254 Standby - All Off-Peak kWh 0.02040 /kWh 0.02069 /kWh 0.00029 /kWh 255 N/A 256 N/A 257 Standby - All kWh 0.02234 /kWh 0.02266 /kWh N/A 258 Maintenance - All kWh $ 0.02040 /kWh 0.02069 /kWh 0.00029 /kWh 259 NO CHANGE 260 261 262 263 NO CHANGE 264 265 266
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Franchise fees are shown as an average percentage of total revenue requirement (Present Rates include franchise fee). 2) Proposed rates are shown on a bundled basis. See tariff sheets for unbundled components. 3) Present rates are those rates effective 7/01/2003. Schedule H-3 Page 10 of 12 June, 2003 ARIZONA PUBLIC SERVICE COMPANY CHANGES IN REPRESENTATIVE RATE SCHEDULES COMPARISON OF PRESENT AND PROPOSED RATES TEST YEAR ENDING DECEMBER 31, 2002
(A) (B) (C) (D) (E) (F) Present Rates LINE Rate ------------------------------------------------ NO. Schedule Description Season Block Rates --- -------- ----------- ------ ----- ----- 267 E-54 Seasonal Service NO CHANGE 268 E-55 Electric Service for NO CHANGE 269 Partial Requirements 270 Service of 3000 kW 271 or greater 272 E-58 Street Lighting Service Rate Schedule E-58 is completely redesigned; therefore 273 one-on-one comparisons are not meaningful. Please see 274 the actual rate schedule itself for rates. 275 E-59 Energy Services for Govt' Sum & Win Service Charge $ 1.79 /mo 276 Owned ST. Lighting Systems Energy Charge 0.05870 /kWh 277 E-66 Share the Light NO CHANGE 278 E-67 Municipal Lighting Sum & Win All kWh $ 0.03480 /kWh 279 Service -- City of Phoenix 280 E-114 Share the Light NO CHANGE 281 E-116 Share the Light NO CHANGE 282 E-145 Share the Light NO CHANGE (G) (H) (I) (J) (K) (L) (M) Proposed Rates Proposed Rates ------------------------------------------------- with Line Block Rates Franchise Fees Change No. ----- ----- -------------- ------ --- (H)x0.0144 (J)-(E) NO CHANGE 267 NO CHANGE 268 269 270 271 272 273 274 Service Charge $ 2.45 /mo $ 2.49 /mo $ 0.70 /mo 275 Energy Charge 0.04635 /kWh 0.04702 /kWh (0.01168)/kWh 276 NO CHANGE 277 All kWh $ 0.04128 /kWh 0.04187 /kWh $ 0.00707 /kWh 278 279 NO CHANGE 280 NO CHANGE 281 NO CHANGE 282
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Franchise fees are shown as an average percentage of total revenue requirement (Present Rates include franchise fee). 2) Proposed rates are shown on a bundled basis. See tariff sheets for unbundled components. 3) Present rates are those rates effective 7/01/2003. Schedule H-3 Page 11 of 12 June, 2003 ARIZONA PUBLIC SERVICE COMPANY CHANGES IN REPRESENTATIVE RATE SCHEDULES COMPARISON OF PRESENT AND PROPOSED RATES TEST YEAR ENDING DECEMBER 31, 2002
(A) (B) (C) (D) (E) (F) Present Rates LINE Rate ------------------------------------------------ NO. Schedule Description Season Block Rates --- -------- ----------- ------ ----- ----- 283 E-221 Water Pumping Service Sum & Win Basic Service Charge $ 15.00 /mo 284 285 All kW 1.62 /kW 286 First 240 kWh 0.09475 /kWh 287 Next 275 kWh per kW 0.06441 /kWh 288 All additional kWh 0.05289 /kWh 289 Sum & Win Based on Measured kWh in Control Period: 290 2 kWh per kW or less $(0.00690)/kWh 291 Greater than 8 kWh/kW 0.00345 /kWh 292 Sum & Win Minimum Basic Service Charge $ 15.00 /mo 293 294 Minimum Demand Charge 1.62 /kW 295 Minimum Annual kW Charge 19.66 /kW 296 E-221-8T Water Pumping Service Sum & Win Basic Service Charge $ 25.87 /mo 297 Time Of Use 298 All On-Peak kW 3.85 /kW 299 All Off-Peak kW 2.30 /kW 300 All On-Peak kWh 0.07769 /kWh 301 All Off-Peak kWh 0.04178 /kWh 302 Sum & Win Minimum Basic Service Charge $ 25.87 /mo 303 304 Minimum Demand Charge 2.30 /kW 305 Minimum Annual kW Charge 27.79 /kW 306 E-249 Share the Light NO CHANGE 307 EPR-2 Purchase Rates NO CHANGE 308 EPR-3 Purchase Rates NO CHANGE 309 EPR-4 Purchase Rates NO CHANGE (G) (H) (I) (J) (K) (L) (M) Proposed Rates Proposed Rates ------------------------------------------------- with Line Block Rates Franchise Fees Change No. ----- ----- -------------- ------ --- (H)x0.0144 (J)-(E) N/A 283 Basic Service Charge $ 0.575 /day $ 0.583 /day N/A 284 All kW 1.80 /kW 1.83 /kW 0.21 /kW 285 N/A 286 First 275 kWh per kW 0.06911 /kWh 0.07011 /kWh 0.00570 /kWh 287 All additional kWh 0.05562 /kWh 0.05642 /kWh 0.00353 /kWh 288 Based on Measured kWh in Control Period: 289 2 kWh per kW or less $(0.00739)/kWh $(0.00750)/kWh $(0.00060)/kWh 290 Greater than 8 kWh/kW 0.00370 /kWh 0.00375 /kWh 0.00030 /kWh 291 N/A 292 Minimum Basic Service Charge $ 0.575 /day $ 0.583 /day N/A 293 Minimum Demand Charge 1.80 /kW 1.83 /kW 0.21 /kW 294 Minimum Annual kW Charge 21.60 /kW 21.91 /kW 2.25 /kW 295 N/A 296 Basic Service Charge $ 0.851 /day $ 0.863 /day N/A 297 All On-Peak kW 4.21 /kW 4.27 /kW 0.42 /kW 298 All Off-Peak kW 2.51 /kW 2.55 /kW 0.25 /kW 299 All On-Peak kWh 0.08492 /kWh 0.08614 /kWh 0.00845 /kWh 300 All Off-Peak kWh 0.04567 /kWh 0.04633 /kWh 0.00455 /kWh 301 N/A 302 Minimum Basic Service Charge $ 0.851 /day $ 0.863 /day N/A 303 Minimum Demand Charge 2.51 /kW 2.55 /kW 0.25 /kW 304 Minimum Annual kW Charge 30.12 /kW 30.55 /kW 2.76 /kW 305 NO CHANGE 306 NO CHANGE 307 NO CHANGE 308 NO CHANGE 309
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Franchise fees are shown as an average percentage of total revenue requirement (Present Rates include franchise fee). 2) Proposed rates are shown on a bundled basis. See tariff sheets for unbundled components. 3) Present rates are those rates effective 7/01/2003. Schedule H-3 Page 12 of 12 June, 2003 ARIZONA PUBLIC SERVICE COMPANY CHANGES IN REPRESENTATIVE RATE SCHEDULES COMPARISON OF PRESENT AND PROPOSED RATES TEST YEAR ENDING DECEMBER 31, 2002
(A) (B) (C) (D) (E) (F) Present Rates LINE Rate ------------------------------------------------ NO. Schedule Description Season Block Rates --- -------- ----------- ------ ----- ----- 310 EQF-M Scheduled Maintenance Electric Service NO CHANGE 311 for Qualified CoGenerators and 312 Small Power Production Facilities 313 EQF-S Standby Electric Service for Qualified NO CHANGE 314 CoGenerators and Small Power 315 Production Facilities 316 Solar-1 Photovoltaic Service NO CHANGE 317 Pilot Program 318 Solar-2 Individual Solar NO CHANGE 319 Electric Service 320 SP-1 Solar Partners NO CHANGE (G) (H) (I) (J) (K) (L) (M) Proposed Rates Proposed Rates ------------------------------------------------- with Line Block Rates Franchise Fees Change No. ----- ----- -------------- ------ --- (H)x0.0144 (J)-(E) NO CHANGE 310 311 312 NO CHANGE 313 314 315 NO CHANGE 316 317 NO CHANGE 318 319 NO CHANGE 320
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Franchise fees are shown as an average percentage of total revenue requirement (Present Rates include franchise fee). 2) Proposed rates are shown on a bundled basis. See tariff sheets for unbundled components. 3) Present rates are those rates effective 7/01/2003. Schedule H-4 Page 1 of 19 June, 2003 Arizona Public Service Company Typical Residential Bill Analysis E-10 Winter (November-April) Customer Bills at Varying Consumption Levels at Present and STEP 1 Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) Monthly Bill Components of Proposed Bill - Step 1 Monthly Bill Change Monthly under ------------------------------------ under ------------------ kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % ------- ------------- ---- ---- --------- -------------- ---------- --- (A) x $0.000353 [(C)+(D)]x0.0144 (C)+(D)+(E) (F)-(B) (G)/(B) 200 22.72 24.83 0.07 0.36 25.26 2.54 11.2% 250 26.52 29.00 0.09 0.42 29.51 2.99 11.3% 300 30.33 33.18 0.11 0.48 33.77 3.44 11.3% 350 34.13 37.35 0.12 0.54 38.01 3.88 11.4% 400 37.94 41.53 0.14 0.60 42.27 4.33 11.4% 450 41.74 45.70 0.16 0.66 46.52 4.78 11.5% 500 45.55 49.88 0.18 0.72 50.78 5.23 11.5% 550 49.35 54.05 0.19 0.78 55.02 5.67 11.5% 600 53.15 58.22 0.21 0.84 59.27 6.12 11.5% 650 56.96 62.40 0.23 0.90 63.53 6.57 11.5% 700 60.76 66.57 0.25 0.96 67.78 7.02 11.6% 750 64.57 70.75 0.26 1.02 72.03 7.46 11.6% 800 68.37 74.92 0.28 1.08 76.28 7.91 11.6% 850 72.18 79.10 0.30 1.14 80.54 8.36 11.6% 900 75.98 83.27 0.32 1.20 84.79 8.81 11.6% 950 79.79 87.45 0.34 1.26 89.05 9.26 11.6% 1,000 83.59 91.62 0.35 1.32 93.29 9.70 11.6% 1,100 91.20 99.97 0.39 1.45 101.81 10.61 11.6% 1,200 98.81 108.32 0.42 1.57 110.31 11.50 11.6% 1,300 106.42 116.67 0.46 1.69 118.82 12.40 11.7% 1,400 114.03 125.02 0.49 1.81 127.32 13.29 11.7% 1,500 121.64 133.37 0.53 1.93 135.83 14.19 11.7% 1,600 129.24 141.71 0.56 2.05 144.32 15.08 11.7% 1,700 136.85 150.06 0.60 2.17 152.83 15.98 11.7% 1,800 144.46 158.41 0.64 2.29 161.34 16.88 11.7% 1,900 152.07 166.76 0.67 2.41 169.84 17.77 11.7% 2,000 159.68 175.11 0.71 2.53 178.35 18.67 11.7% 2,200 174.90 191.81 0.78 2.77 195.36 20.46 11.7% 2,400 190.12 208.51 0.85 3.01 212.37 22.25 11.7% 2,600 205.33 225.20 0.92 3.26 229.38 24.05 11.7% 2,800 220.55 241.90 0.99 3.50 246.39 25.84 11.7% 3,000 235.77 258.60 1.06 3.74 263.40 27.63 11.7%
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. Schedule H-4 Page 2 of 19 June, 2003 Arizona Public Service Company Typical Residential Bill Analysis E-10 Summer (May - October) Customer Bills at Varying Consumption Levels at Present and Proposed STEP 1 Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) Monthly Bill Components of Proposed Bill - Step 1 Monthly Bill Change Monthly under ------------------------------------ under ------------------ kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % ------- ------------- ---- ---- --------- -------------- ---------- --- (A) x $0.000353 [(C)+(D)]x0.0144 (C)+(D)+(E) (F)-(B) (G)/(B) 200 20.86 22.79 0.07 0.33 23.19 2.33 11.2% 250 24.21 26.46 0.09 0.38 26.93 2.72 11.2% 300 27.55 30.13 0.11 0.44 30.68 3.13 11.4% 350 30.89 33.79 0.12 0.49 34.40 3.51 11.4% 400 34.23 37.46 0.14 0.54 38.14 3.91 11.4% 450 38.82 42.50 0.16 0.61 43.27 4.45 11.5% 500 43.42 47.54 0.18 0.69 48.41 4.99 11.5% 550 48.01 52.58 0.19 0.76 53.53 5.52 11.5% 600 52.61 57.62 0.21 0.83 58.66 6.05 11.5% 650 57.20 62.67 0.23 0.91 63.81 6.61 11.6% 700 61.80 67.71 0.25 0.98 68.94 7.14 11.6% 750 66.39 72.75 0.26 1.05 74.06 7.67 11.6% 800 70.98 77.79 0.28 1.12 79.19 8.21 11.6% 850 75.70 82.97 0.30 1.20 84.47 8.77 11.6% 900 80.42 88.15 0.32 1.27 89.74 9.32 11.6% 950 85.14 93.33 0.34 1.35 95.02 9.88 11.6% 1,000 89.86 98.51 0.35 1.42 100.28 10.42 11.6% 1,100 99.30 108.86 0.39 1.57 110.82 11.52 11.6% 1,200 108.74 119.22 0.42 1.72 121.36 12.62 11.6% 1,300 118.18 129.58 0.46 1.87 131.91 13.73 11.6% 1,400 127.62 139.94 0.49 2.02 142.45 14.83 11.6% 1,500 137.06 150.30 0.53 2.17 153.00 15.94 11.6% 1,600 146.50 160.65 0.56 2.32 163.53 17.03 11.6% 1,700 155.94 171.01 0.60 2.47 174.08 18.14 11.6% 1,800 165.38 181.37 0.64 2.62 184.63 19.25 11.6% 1,900 174.82 191.73 0.67 2.77 195.17 20.35 11.6% 2,000 184.26 202.09 0.71 2.92 205.72 21.46 11.6% 2,200 203.14 222.80 0.78 3.22 226.80 23.66 11.6% 2,400 222.02 243.52 0.85 3.52 247.89 25.87 11.7% 2,600 240.90 264.23 0.92 3.82 268.97 28.07 11.7% 2,800 259.78 284.95 0.99 4.12 290.06 30.28 11.7% 3,000 278.66 305.67 1.06 4.42 311.15 32.49 11.7%
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. Schedule H-4 Page 3 of 19 June, 2003 Arizona Public Service Company Typical Residential Bill Analysis E-10 Winter (November-April) Customer Bills at Varying Consumption Levels at Proposed STEP 1 and Proposed E-12 Levels
(A) (B) (C) (D) (E) (F) (G) (H) Monthly Bill Components of Proposed Bill - E-12 Monthly Bill Change Monthly under Proposed ------------------------------------ under Proposed ------------------ kWh Step 1 Rates Base CRCC Franchise E-12 Amount ($) % ------- ------------- ---- ---- --------- -------------- ---------- --- (A) x $0.000353 [(C)+(D)]x0.0144 (C)+(D)+(E) (F)-(B) (G)/(B) 200 24.83 26.34 0.07 0.38 26.79 1.96 7.9% 250 29.00 29.84 0.09 0.43 30.36 1.36 4.7% 300 33.18 33.34 0.11 0.48 33.93 0.75 2.3% 350 37.35 36.84 0.12 0.53 37.49 0.14 0.4% 400 41.53 40.35 0.14 0.58 41.07 (0.46) -1.1% 450 45.70 43.85 0.16 0.63 44.64 (1.06) -2.3% 500 49.88 47.35 0.18 0.68 48.21 (1.67) -3.3% 550 54.05 50.85 0.19 0.73 51.77 (2.28) -4.2% 600 58.22 54.35 0.21 0.79 55.35 (2.87) -4.9% 650 62.40 57.86 0.23 0.84 58.93 (3.47) -5.6% 700 66.57 61.36 0.25 0.89 62.50 (4.07) -6.1% 750 70.75 64.86 0.26 0.94 66.06 (4.69) -6.6% 800 74.92 68.36 0.28 0.99 69.63 (5.29) -7.1% 850 79.10 71.86 0.30 1.04 73.20 (5.90) -7.5% 900 83.27 75.37 0.32 1.09 76.78 (6.49) -7.8% 950 87.45 78.87 0.34 1.14 80.35 (7.10) -8.1% 1,000 91.62 82.37 0.35 1.19 83.91 (7.71) -8.4% 1,100 99.97 89.37 0.39 1.29 91.05 (8.92) -8.9% 1,200 108.32 96.38 0.42 1.39 98.19 (10.13) -9.4% 1,300 116.67 103.38 0.46 1.50 105.34 (11.33) -9.7% 1,400 125.02 110.39 0.49 1.60 112.48 (12.54) -10.0% 1,500 133.37 117.39 0.53 1.70 119.62 (13.75) -10.3% 1,600 141.71 124.39 0.56 1.80 126.75 (14.96) -10.6% 1,700 150.06 131.40 0.60 1.90 133.90 (16.16) -10.8% 1,800 158.41 138.40 0.64 2.00 141.04 (17.37) -11.0% 1,900 166.76 145.41 0.67 2.10 148.18 (18.58) -11.1% 2,000 175.11 152.41 0.71 2.20 155.32 (19.79) -11.3% 2,200 191.81 166.42 0.78 2.41 169.61 (22.20) -11.6% 2,400 208.51 180.43 0.85 2.61 183.89 (24.62) -11.8% 2,600 225.20 194.43 0.92 2.81 198.16 (27.04) -12.0% 2,800 241.90 208.44 0.99 3.02 212.45 (29.45) -12.2% 3,000 258.60 222.45 1.06 3.22 226.73 (31.87) -12.3%
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. Schedule H-4 Page 4 of 19 June, 2003 Arizona Public Service Company Typical Residential Bill Analysis E-10 Summer (May - October) Customer Bills at Varying Consumption Levels at Proposed STEP 1 and Proposed E-12 Levels
(A) (B) (C) (D) (E) (F) (G) (H) Monthly Bill Components of Proposed Bill - E-12 Monthly Bill Change Monthly under Proposed ------------------------------------ under Proposed ------------------ kWh Step 1 Rates Base CRCC Franchise E-12 Amount ($) % ------- ------------- ---- ---- --------- -------------- ---------- --- (A) x $0.000353 [(C)+(D)]x0.0144 (C)+(D)+(E) (F)-(B) (G)/(B) 200 22.79 29.61 0.07 0.43 30.11 7.32 32.1% 250 26.46 33.93 0.09 0.49 34.51 8.05 30.4% 300 30.13 38.25 0.11 0.55 38.91 8.78 29.1% 350 33.79 42.57 0.12 0.61 43.30 9.51 28.1% 400 37.46 46.89 0.14 0.68 47.71 10.25 27.4% 450 42.50 51.21 0.16 0.74 52.11 9.61 22.6% 500 47.54 55.53 0.18 0.80 56.51 8.97 18.9% 550 52.58 59.85 0.19 0.86 60.90 8.32 15.8% 600 57.62 64.17 0.21 0.93 65.31 7.69 13.3% 650 62.67 68.49 0.23 0.99 69.71 7.04 11.2% 700 67.71 72.81 0.25 1.05 74.11 6.40 9.5% 750 72.75 77.13 0.26 1.11 78.50 5.75 7.9% 800 77.79 81.45 0.28 1.18 82.91 5.12 6.6% 850 82.97 86.95 0.30 1.26 88.51 5.54 6.7% 900 88.15 92.46 0.32 1.34 94.12 5.97 6.8% 950 93.33 97.96 0.34 1.42 99.72 6.39 6.8% 1,000 98.51 103.46 0.35 1.49 105.30 6.79 6.9% 1,100 108.86 114.47 0.39 1.65 116.51 7.65 7.0% 1,200 119.22 125.47 0.42 1.81 127.70 8.48 7.1% 1,300 129.58 136.48 0.46 1.97 138.91 9.33 7.2% 1,400 139.94 147.49 0.49 2.13 150.11 10.17 7.3% 1,500 150.30 158.49 0.53 2.29 161.31 11.01 7.3% 1,600 160.65 169.50 0.56 2.45 172.51 11.86 7.4% 1,700 171.01 180.50 0.60 2.61 183.71 12.70 7.4% 1,800 181.37 191.51 0.64 2.77 194.92 13.55 7.5% 1,900 191.73 202.52 0.67 2.93 206.12 14.39 7.5% 2,000 202.09 213.52 0.71 3.08 217.31 15.22 7.5% 2,200 222.80 235.53 0.78 3.40 239.71 16.91 7.6% 2,400 243.52 257.55 0.85 3.72 262.12 18.60 7.6% 2,600 264.23 279.56 0.92 4.04 284.52 20.29 7.7% 2,800 284.95 301.57 0.99 4.36 306.92 21.97 7.7% 3,000 305.67 323.58 1.06 4.67 329.31 23.64 7.7%
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. Schedule H-4 Page 5 of 19 June, 2003 Arizona Public Service Company Typical Residential Bill Analysis E-12 Winter (November-April) Customer Bills at Varying Consumption Levels at Present and Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) Monthly Bill Components of Proposed Bill Monthly Bill Change Monthly under ------------------------------------ under ------------------ kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % ------- ------------- ---- ---- --------- -------------- ---------- --- (A) x $0.000353 [(C)+(D)]x0.0144 (C)+(D)+(E) (F)-(B) (G)/(B) 200 22.29 26.34 0.07 0.38 26.79 4.50 20.2% 250 25.99 29.84 0.09 0.43 30.36 4.37 16.8% 300 29.68 33.34 0.11 0.48 33.93 4.25 14.3% 350 33.38 36.84 0.12 0.53 37.49 4.11 12.3% 400 37.08 40.35 0.14 0.58 41.07 3.99 10.8% 450 40.77 43.85 0.16 0.63 44.64 3.87 9.5% 500 44.47 47.35 0.18 0.68 48.21 3.74 8.4% 550 48.17 50.85 0.19 0.73 51.77 3.60 7.5% 600 51.86 54.35 0.21 0.79 55.35 3.49 6.7% 650 55.56 57.86 0.23 0.84 58.93 3.37 6.1% 700 59.26 61.36 0.25 0.89 62.50 3.24 5.5% 750 62.96 64.86 0.26 0.94 66.06 3.10 4.9% 800 66.65 68.36 0.28 0.99 69.63 2.98 4.5% 850 70.35 71.86 0.30 1.04 73.20 2.85 4.1% 900 74.05 75.37 0.32 1.09 76.78 2.73 3.7% 950 77.74 78.87 0.34 1.14 80.35 2.61 3.4% 1,000 81.44 82.37 0.35 1.19 83.91 2.47 3.0% 1,100 88.83 89.37 0.39 1.29 91.05 2.22 2.5% 1,200 96.23 96.38 0.42 1.39 98.19 1.96 2.0% 1,300 103.62 103.38 0.46 1.50 105.34 1.72 1.7% 1,400 111.02 110.39 0.49 1.60 112.48 1.46 1.3% 1,500 118.41 117.39 0.53 1.70 119.62 1.21 1.0% 1,600 125.80 124.39 0.56 1.80 126.75 0.95 0.8% 1,700 133.20 131.40 0.60 1.90 133.90 0.70 0.5% 1,800 140.59 138.40 0.64 2.00 141.04 0.45 0.3% 1,900 147.99 145.41 0.67 2.10 148.18 0.19 0.1% 2,000 155.38 152.41 0.71 2.20 155.32 (0.06) 0.0% 2,200 170.17 166.42 0.78 2.41 169.61 (0.56) -0.3% 2,400 184.96 180.43 0.85 2.61 183.89 (1.07) -0.6% 2,600 199.74 194.43 0.92 2.81 198.16 (1.58) -0.8% 2,800 214.53 208.44 0.99 3.02 212.45 (2.08) -1.0% 3,000 229.32 222.45 1.06 3.22 226.73 (2.59) -1.1%
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. Schedule H-4 Page 6 of 19 June, 2003 Arizona Public Service Company Typical Residential Bill Analysis E-12 Summer (May - October) Customer Bills at Varying Consumption Levels at Present and Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) Monthly Bill Components of Proposed Bill Monthly Bill Change Monthly under ------------------------------------ under ------------------ kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % ------- ------------- ---- ---- --------- -------------- ---------- --- (A) x $0.000353 [(C)+(D)]x0.0144 (C)+(D)+(E) (F)-(B) (G)/(B) 200 22.25 29.61 0.07 0.43 30.11 7.86 35.3% 250 25.94 33.93 0.09 0.49 34.51 8.57 33.0% 300 29.63 38.25 0.11 0.55 38.91 9.28 31.3% 350 33.32 42.57 0.12 0.61 43.30 9.98 30.0% 400 37.00 46.89 0.14 0.68 47.71 10.71 28.9% 450 42.14 51.21 0.16 0.74 52.11 9.97 23.7% 500 47.29 55.53 0.18 0.80 56.51 9.22 19.5% 550 52.43 59.85 0.19 0.86 60.90 8.47 16.2% 600 57.57 64.17 0.21 0.93 65.31 7.74 13.4% 650 62.71 68.49 0.23 0.99 69.71 7.00 11.2% 700 67.85 72.81 0.25 1.05 74.11 6.26 9.2% 750 72.99 77.13 0.26 1.11 78.50 5.51 7.5% 800 78.13 81.45 0.28 1.18 82.91 4.78 6.1% 850 84.12 86.95 0.30 1.26 88.51 4.39 5.2% 900 90.12 92.46 0.32 1.34 94.12 4.00 4.4% 950 96.11 97.96 0.34 1.42 99.72 3.61 3.8% 1,000 102.11 103.46 0.35 1.49 105.30 3.19 3.1% 1,100 114.10 114.47 0.39 1.65 116.51 2.41 2.1% 1,200 126.09 125.47 0.42 1.81 127.70 1.61 1.3% 1,300 138.08 136.48 0.46 1.97 138.91 0.83 0.6% 1,400 150.07 147.49 0.49 2.13 150.11 0.04 0.0% 1,500 162.07 158.49 0.53 2.29 161.31 (0.76) -0.5% 1,600 174.06 169.50 0.56 2.45 172.51 (1.55) -0.9% 1,700 186.05 180.50 0.60 2.61 183.71 (2.34) -1.3% 1,800 198.04 191.51 0.64 2.77 194.92 (3.12) -1.6% 1,900 210.03 202.52 0.67 2.93 206.12 (3.91) -1.9% 2,000 222.02 213.52 0.71 3.08 217.31 (4.71) -2.1% 2,200 246.00 235.53 0.78 3.40 239.71 (6.29) -2.6% 2,400 269.98 257.55 0.85 3.72 262.12 (7.86) -2.9% 2,600 293.97 279.56 0.92 4.04 284.52 (9.45) -3.2% 2,800 317.95 301.57 0.99 4.36 306.92 (11.03) -3.5% 3,000 341.93 323.58 1.06 4.67 329.31 (12.62) -3.7%
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. Schedule H-4 Page 7 of 19 June, 2003 Arizona Public Service Company Typical Residential Bill Analysis EC-1 Winter (November-April) Customer Bills at Varying Consumption Levels at Present and Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) (I) (J) Monthly Bill Components of Proposed Bill Monthly Bill Change Load Monthly under ---------------------------------------- under -------------------- kW Factor kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % -- ------ ------- ------------- ---- ---- ---------------- -------------- ---------- ------- (C)x$0.000353 [(E)+(F)]x0.0144 (E)+(F)+(G) (H)-(D) (I)/(D) 3 20% 438 45.09 52.04 0.15 0.75 52.94 7.85 17.4% 3 30% 657 52.05 58.66 0.23 0.85 59.74 7.69 14.8% 3 40% 876 59.00 65.29 0.31 0.94 66.54 7.54 12.8% 3 50% 1,095 65.96 71.91 0.39 1.04 73.34 7.38 11.2% 3 75% 1,643 83.36 88.49 0.58 1.28 90.35 6.99 8.4% 5 20% 730 68.48 76.87 0.26 1.11 78.24 9.76 14.3% 5 30% 1,095 80.08 87.91 0.39 1.27 89.57 9.49 11.9% 5 40% 1,460 91.67 98.96 0.52 1.43 100.91 9.24 10.1% 5 50% 1,825 103.26 110.00 0.64 1.59 112.23 8.97 8.7% 5 75% 2,738 132.26 137.61 0.97 2.00 140.58 8.32 6.3% 8 20% 1,168 103.58 114.12 0.41 1.65 116.18 12.60 12.2% 8 30% 1,752 122.12 131.79 0.62 1.91 134.32 12.20 10.0% 8 40% 2,336 140.67 149.45 0.82 2.16 152.43 11.76 8.4% 8 50% 2,920 159.22 167.12 1.03 2.42 170.57 11.35 7.1% 8 75% 4,380 205.59 211.29 1.55 3.06 215.90 10.31 5.0% 10 20% 1,460 126.97 138.96 0.52 2.01 141.49 14.52 11.4% 10 30% 2,190 150.15 161.04 0.77 2.33 164.14 13.99 9.3% 10 40% 2,920 173.34 183.12 1.03 2.65 186.80 13.46 7.8% 10 50% 3,650 196.52 205.20 1.29 2.97 209.46 12.94 6.6% 10 75% 5,475 254.49 260.41 1.93 3.78 266.12 11.63 4.6% 12 20% 1,752 150.36 163.79 0.62 2.37 166.78 16.42 10.9% 12 30% 2,628 178.19 190.29 0.93 2.75 193.97 15.78 8.9% 12 40% 3,504 206.01 216.79 1.24 3.14 221.17 15.16 7.4% 12 50% 4,380 233.83 243.29 1.55 3.53 248.37 14.54 6.2% 12 75% 6,570 303.38 309.53 2.32 4.49 316.34 12.96 4.3% 15 20% 2,190 185.45 201.04 0.77 2.91 204.72 19.27 10.4% 15 30% 3,285 220.23 234.16 1.16 3.39 238.71 18.48 8.4% 15 40% 4,380 255.01 267.29 1.55 3.87 272.71 17.70 6.9% 15 50% 5,475 289.79 300.41 1.93 4.35 306.69 16.90 5.8% 15 75% 8,213 376.74 383.23 2.90 5.56 391.69 14.95 4.0%
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. Schedule H-4 Page 8 of 19 June, 2003 Arizona Public Service Company Typical Residential Bill Analysis EC-1 Summer (May-October) Customer Bills at Varying Consumption Levels at Present and Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) (I) (J) Monthly Bill Components of Proposed Bill Monthly Bill Change Load Monthly under ------------------------------------------ under -------------------- kW Factor kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % -- ------ ------- ------------- ---- ------------- ---------------- -------------- ---------- ------- (C)x$0.000353 [(E)+(F)]x0.0144 (E)+(F)+(G) (H)-(D) (I)/(D) 3 20% 438 56.28 65.45 0.15 0.94 66.54 10.26 18.2% 3 30% 657 64.66 74.29 0.23 1.07 75.59 10.93 16.9% 3 40% 876 73.04 83.12 0.31 1.20 84.63 11.59 15.9% 3 50% 1,095 81.43 91.95 0.39 1.33 93.67 12.24 15.0% 3 75% 1,643 102.40 114.05 0.58 1.65 116.28 13.88 13.6% 5 20% 730 87.14 99.23 0.26 1.43 100.92 13.78 15.8% 5 30% 1,095 101.11 113.95 0.39 1.65 115.99 14.88 14.7% 5 40% 1,460 115.07 128.67 0.52 1.86 131.05 15.98 13.9% 5 50% 1,825 129.04 143.39 0.64 2.07 146.10 17.06 13.2% 5 75% 2,738 163.98 180.21 0.97 2.61 183.79 19.81 12.1% 8 20% 1,168 133.42 149.89 0.41 2.16 152.46 19.04 14.3% 8 30% 1,752 155.77 173.45 0.62 2.51 176.58 20.81 13.4% 8 40% 2,336 178.12 197.00 0.82 2.85 200.67 22.55 12.7% 8 50% 2,920 200.47 220.55 1.03 3.19 224.77 24.30 12.1% 8 75% 4,380 256.34 279.43 1.55 4.05 285.03 28.69 11.2% 10 20% 1,460 164.27 183.67 0.52 2.65 186.84 22.57 13.7% 10 30% 2,190 192.21 213.11 0.77 3.08 216.96 24.75 12.9% 10 40% 2,920 220.15 242.55 1.03 3.51 247.09 26.94 12.2% 10 50% 3,650 248.09 271.99 1.29 3.94 277.22 29.13 11.7% 10 75% 5,475 317.93 345.59 1.93 5.00 352.52 34.59 10.9% 12 20% 1,752 195.13 217.45 0.62 3.14 221.21 26.08 13.4% 12 30% 2,628 228.65 252.77 0.93 3.65 257.35 28.70 12.6% 12 40% 3,504 262.18 288.10 1.24 4.17 293.51 31.33 11.9% 12 50% 4,380 295.70 323.43 1.55 4.68 329.66 33.96 11.5% 12 75% 6,570 379.51 411.75 2.32 5.96 420.03 40.52 10.7% 15 20% 2,190 241.41 268.11 0.77 3.87 272.75 31.34 13.0% 15 30% 3,285 283.32 312.27 1.16 4.51 317.94 34.62 12.2% 15 40% 4,380 325.22 356.43 1.55 5.15 363.13 37.91 11.7% 15 50% 5,475 367.13 400.59 1.93 5.80 408.32 41.19 11.2% 15 75% 8,213 471.91 511.01 2.90 7.40 521.31 49.40 10.5%
EC-1 Summer Average Energy On-Peak: 42% SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. Schedule H-4 Page 9 of 19 June, 2003 Arizona Public Service Company Typical Residential Bill Analysis ET-1 Winter (November-April) Customer Bills at Varying Consumption Levels at Present and Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) Monthly Bill Components of Proposed Bill Monthly Bill Change Monthly under ------------------------------------ under ------------------ kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % ------- ------------- ---- ---- --------- -------------- ---------- --- (A) x $0.000353 [(C)+(D)]x0.0144 (C)+(D)+(E) (F)-(B) (G)/(B) 200 27.17 28.12 0.07 0.41 28.60 1.43 5.3% 250 30.22 31.51 0.09 0.46 32.06 1.84 6.1% 300 33.26 34.90 0.11 0.50 35.51 2.25 6.8% 350 36.30 38.29 0.12 0.55 38.96 2.66 7.3% 400 39.35 41.69 0.14 0.60 42.43 3.08 7.8% 450 42.39 45.08 0.16 0.65 45.89 3.50 8.3% 500 45.44 48.47 0.18 0.70 49.35 3.91 8.6% 550 48.48 51.86 0.19 0.75 52.80 4.32 8.9% 600 51.52 55.25 0.21 0.80 56.26 4.74 9.2% 650 54.57 58.65 0.23 0.85 59.73 5.16 9.5% 700 57.61 62.04 0.25 0.90 63.19 5.58 9.7% 750 60.65 65.43 0.26 0.95 66.64 5.99 9.9% 800 63.70 68.82 0.28 1.00 70.10 6.40 10.0% 850 66.74 72.21 0.30 1.04 73.55 6.81 10.2% 900 69.78 75.61 0.32 1.09 77.02 7.24 10.4% 950 72.83 79.00 0.34 1.14 80.48 7.65 10.5% 1,000 75.87 82.39 0.35 1.19 83.93 8.06 10.6% 1,100 81.96 89.17 0.39 1.29 90.85 8.89 10.8% 1,200 88.05 95.96 0.42 1.39 97.77 9.72 11.0% 1,300 94.13 102.74 0.46 1.49 104.69 10.56 11.2% 1,400 100.22 109.53 0.49 1.58 111.60 11.38 11.4% 1,500 106.31 116.31 0.53 1.68 118.52 12.21 11.5% 1,600 112.39 123.09 0.56 1.78 125.43 13.04 11.6% 1,700 118.48 129.88 0.60 1.88 132.36 13.88 11.7% 1,800 124.57 136.66 0.64 1.98 139.28 14.71 11.8% 1,900 130.65 143.45 0.67 2.08 146.20 15.55 11.9% 2,000 136.74 150.23 0.71 2.17 153.11 16.37 12.0% 2,200 148.92 163.80 0.78 2.37 166.95 18.03 12.1% 2,400 161.09 177.37 0.85 2.57 180.79 19.70 12.2% 2,600 173.26 190.93 0.92 2.76 194.61 21.35 12.3% 2,800 185.44 204.50 0.99 2.96 208.45 23.01 12.4% 3,000 197.61 218.07 1.06 3.16 222.29 24.68 12.5%
ET-1 Winter Average Energy On-Peak: 30% SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. Schedule H-4 Page 10 of 19 June, 2003 Arizona Public Service Company Typical Residential Bill Analysis ET-1 Summer (May - October) Customer Bills at Varying Consumption Levels at Present and Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) Monthly Bill Components of Proposed Bill Monthly Bill Change Monthly under ------------------------------------ under ------------------ kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % ------- ------------- ---- ---- --------- -------------- ---------- --- (A) x $0.000353 [(C)+(D)]x0.0144 (C)+(D)+(E) (F)-(B) (G)/(B) 200 30.21 31.62 0.07 0.46 32.15 1.94 6.4% 250 34.01 35.88 0.09 0.52 36.49 2.48 7.3% 300 37.81 40.15 0.11 0.58 40.84 3.03 8.0% 350 41.61 44.42 0.12 0.64 45.18 3.57 8.6% 400 45.41 48.68 0.14 0.70 49.52 4.11 9.1% 450 49.22 52.95 0.16 0.76 53.87 4.65 9.4% 500 53.02 57.22 0.18 0.83 58.23 5.21 9.8% 550 56.82 61.48 0.19 0.89 62.56 5.74 10.1% 600 60.62 65.75 0.21 0.95 66.91 6.29 10.4% 650 64.42 70.01 0.23 1.01 71.25 6.83 10.6% 700 68.22 74.28 0.25 1.07 75.60 7.38 10.8% 750 72.03 78.55 0.26 1.13 79.94 7.91 11.0% 800 75.83 82.81 0.28 1.20 84.29 8.46 11.2% 850 79.63 87.08 0.30 1.26 88.64 9.01 11.3% 900 83.43 91.35 0.32 1.32 92.99 9.56 11.5% 950 87.23 95.61 0.34 1.38 97.33 10.10 11.6% 1,000 91.03 99.88 0.35 1.44 101.67 10.64 11.7% 1,100 98.64 108.41 0.39 1.57 110.37 11.73 11.9% 1,200 106.24 116.95 0.42 1.69 119.06 12.82 12.1% 1,300 113.84 125.48 0.46 1.81 127.75 13.91 12.2% 1,400 121.45 134.01 0.49 1.94 136.44 14.99 12.3% 1,500 129.05 142.55 0.53 2.06 145.14 16.09 12.5% 1,600 136.65 151.08 0.56 2.18 153.82 17.17 12.6% 1,700 144.26 159.61 0.60 2.31 162.52 18.26 12.7% 1,800 151.86 168.14 0.64 2.43 171.21 19.35 12.7% 1,900 159.46 176.68 0.67 2.55 179.90 20.44 12.8% 2,000 167.07 185.21 0.71 2.68 188.60 21.53 12.9% 2,200 182.27 202.28 0.78 2.92 205.98 23.71 13.0% 2,400 197.48 219.34 0.85 3.17 223.36 25.88 13.1% 2,600 212.69 236.41 0.92 3.42 240.75 28.06 13.2% 2,800 227.90 253.47 0.99 3.66 258.12 30.22 13.3% 3,000 243.10 270.54 1.06 3.91 275.51 32.41 13.3%
ET-1 Summer Average Energy On-Peak: 40% SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. Schedule H-4 Page 11 of 19 June, 2003 Arizona Public Service Company Typical Residential Bill Analysis ECT-1R Winter (November-April) Customer Bills at Varying Consumption Levels at Present and Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) (I) (J) Monthly Bill Components of Proposed Bill Monthly Bill Change Load Monthly under ------------------------------------------ under -------------------- kW Factor kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % -- ------ ------- ------------- ---- ------------- ---------------- -------------- ---------- ------- (C)x$0.000353 [(E)+(F)]x0.0144 (E)+(F)+(G) (H)-(D) (I)/(D) 3 20% 438 51.93 52.04 0.15 0.75 52.94 1.01 1.9% 3 30% 657 58.23 58.66 0.23 0.85 59.74 1.51 2.6% 3 40% 876 64.53 65.29 0.31 0.94 66.54 2.01 3.1% 3 50% 1,095 70.82 71.91 0.39 1.04 73.34 2.52 3.6% 3 75% 1,643 86.59 88.49 0.58 1.28 90.35 3.76 4.3% 5 20% 730 76.55 76.87 0.26 1.11 78.24 1.69 2.2% 5 30% 1,095 87.04 87.91 0.39 1.27 89.57 2.53 2.9% 5 40% 1,460 97.54 98.96 0.52 1.43 100.91 3.37 3.5% 5 50% 1,825 108.04 110.00 0.64 1.59 112.23 4.19 3.9% 5 75% 2,738 134.30 137.61 0.97 2.00 140.58 6.28 4.7% 8 20% 1,168 113.47 114.12 0.41 1.65 116.18 2.71 2.4% 8 30% 1,752 130.27 131.79 0.62 1.91 134.32 4.05 3.1% 8 40% 2,336 147.07 149.45 0.82 2.16 152.43 5.36 3.6% 8 50% 2,920 163.87 167.12 1.03 2.42 170.57 6.70 4.1% 8 75% 4,380 205.86 211.29 1.55 3.06 215.90 10.04 4.9% 10 20% 1,460 138.09 138.96 0.52 2.01 141.49 3.40 2.5% 10 30% 2,190 159.09 161.04 0.77 2.33 164.14 5.05 3.2% 10 40% 2,920 180.09 183.12 1.03 2.65 186.80 6.71 3.7% 10 50% 3,650 201.08 205.20 1.29 2.97 209.46 8.38 4.2% 10 75% 5,475 253.57 260.41 1.93 3.78 266.12 12.55 4.9% 12 20% 1,752 162.71 163.79 0.62 2.37 166.78 4.07 2.5% 12 30% 2,628 187.91 190.29 0.93 2.75 193.97 6.06 3.2% 12 40% 3,504 213.10 216.79 1.24 3.14 221.17 8.07 3.8% 12 50% 4,380 238.30 243.29 1.55 3.53 248.37 10.07 4.2% 12 75% 6,570 301.29 309.53 2.32 4.49 316.34 15.05 5.0% 15 20% 2,190 199.64 201.04 0.77 2.91 204.72 5.08 2.5% 15 30% 3,285 231.13 234.16 1.16 3.39 238.71 7.58 3.3% 15 40% 4,380 262.63 267.29 1.55 3.87 272.71 10.08 3.8% 15 50% 5,475 294.12 300.41 1.93 4.35 306.69 12.57 4.3% 15 75% 8,213 372.88 383.23 2.90 5.56 391.69 18.81 5.0%
ECT-1R Winter Average Energy On-Peak: 31% SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. Schedule H-4 Page 12 of 19 June, 2003 Arizona Public Service Company Typical Residential Bill Analysis ECT-1R Summer (May-October) Customer Bills at Varying Consumption Levels at Present and Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) (I) (J) Monthly Bill Components of Proposed Bill Monthly Bill Change Load Monthly under ------------------------------------------ under -------------------- kW Factor kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % -- ------ ------- ------------- ---- ------------- ---------------- -------------- ---------- ------- (C)x$0.000353 [(E)+(F)]x0.0144 (E)+(F)+(G) (H)-(D) (I)/(D) 3 20% 438 63.51 65.15 0.15 0.94 66.24 2.73 4.3% 3 30% 657 70.76 73.83 0.23 1.07 75.13 4.37 6.2% 3 40% 876 78.02 82.50 0.31 1.19 84.00 5.98 7.7% 3 50% 1,095 85.28 91.18 0.39 1.32 92.89 7.61 8.9% 3 75% 1,643 103.44 112.90 0.58 1.63 115.11 11.67 11.3% 5 20% 730 95.84 98.72 0.26 1.43 100.41 4.57 4.8% 5 30% 1,095 107.94 113.18 0.39 1.64 115.21 7.27 6.7% 5 40% 1,460 120.03 127.65 0.52 1.85 130.02 9.99 8.3% 5 50% 1,825 132.13 142.11 0.64 2.06 144.81 12.68 9.6% 5 75% 2,738 162.39 178.29 0.97 2.58 181.84 19.45 12.0% 8 20% 1,168 144.35 149.08 0.41 2.15 151.64 7.29 5.1% 8 30% 1,752 163.70 172.22 0.62 2.49 175.33 11.63 7.1% 8 40% 2,336 183.06 195.36 0.82 2.82 199.00 15.94 8.7% 8 50% 2,920 202.41 218.50 1.03 3.16 222.69 20.28 10.0% 8 75% 4,380 250.79 276.36 1.55 4.00 281.91 31.12 12.4% 10 20% 1,460 176.68 182.65 0.52 2.64 185.81 9.13 5.2% 10 30% 2,190 200.88 211.57 0.77 3.06 215.40 14.52 7.2% 10 40% 2,920 225.07 240.50 1.03 3.48 245.01 19.94 8.9% 10 50% 3,650 249.26 269.43 1.29 3.90 274.62 25.36 10.2% 10 75% 5,475 309.74 341.75 1.93 4.95 348.63 38.89 12.6% 12 20% 1,752 209.02 216.22 0.62 3.12 219.96 10.94 5.2% 12 30% 2,628 238.05 250.93 0.93 3.63 255.49 17.44 7.3% 12 40% 3,504 267.08 285.65 1.24 4.13 291.02 23.94 9.0% 12 50% 4,380 296.11 320.36 1.55 4.64 326.55 30.44 10.3% 12 75% 6,570 368.69 407.14 2.32 5.90 415.36 46.67 12.7% 15 20% 2,190 257.53 266.57 0.77 3.85 271.19 13.66 5.3% 15 30% 3,285 293.82 309.97 1.16 4.48 315.61 21.79 7.4% 15 40% 4,380 330.10 353.36 1.55 5.11 360.02 29.92 9.1% 15 50% 5,475 366.39 396.75 1.93 5.74 404.42 38.03 10.4% 15 75% 8,213 457.13 505.25 2.90 7.32 515.47 58.34 12.8%
ECT-1R Summer Average Energy On-Peak: 38% SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. Schedule H-4 Page 13 of 19 June, 2003 Arizona Public Service Company Typical General Service Bill Analysis E-30 Summer (May - October) Customer Bills at Varying Consumption Levels at Present and Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) Monthly Bill Components of Proposed Bill Monthly Bill Change Monthly under ---------------------------------------- under -------------------- kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % ------- ------------- ---- ------------- ---------------- -------------- ---------- ------- (A)x$0.000353 [(C)+(D)]x0.0144 (C)+(D)+(E) (F)-(B) (G)/(B) 30 9.00 11.31 0.01 0.16 11.48 2.48 27.6% 40 9.92 12.22 0.01 0.18 12.41 2.49 25.1% 50 10.83 13.13 0.02 0.19 13.34 2.51 23.2% 60 11.75 14.03 0.02 0.20 14.25 2.50 21.3% 70 12.67 14.94 0.02 0.22 15.18 2.51 19.8% 80 13.58 15.85 0.03 0.23 16.11 2.53 18.6% 90 14.50 16.76 0.03 0.24 17.03 2.53 17.4% 100 15.42 17.67 0.04 0.26 17.97 2.55 16.5% 125 17.71 19.94 0.04 0.29 20.27 2.56 14.5% 150 20.00 22.22 0.05 0.32 22.59 2.59 13.0% 175 22.29 24.49 0.06 0.35 24.90 2.61 11.7% 200 24.59 26.76 0.07 0.39 27.22 2.63 10.7% 225 26.88 29.03 0.08 0.42 29.53 2.65 9.9% 250 29.17 31.31 0.09 0.45 31.85 2.68 9.2% 275 31.46 33.58 0.10 0.48 34.16 2.70 8.6% 300 33.75 35.85 0.11 0.52 36.48 2.73 8.1% 325 36.05 38.13 0.11 0.55 38.79 2.74 7.6% 350 38.34 40.40 0.12 0.58 41.10 2.76 7.2% 375 40.63 42.67 0.13 0.62 43.42 2.79 6.9% 400 42.92 44.94 0.14 0.65 45.73 2.81 6.5% 425 45.21 47.22 0.15 0.68 48.05 2.84 6.3% 450 47.51 49.49 0.16 0.71 50.36 2.85 6.0% 475 49.80 51.76 0.17 0.75 52.68 2.88 5.8% 500 52.09 54.04 0.18 0.78 55.00 2.91 5.6% 600 61.26 63.13 0.21 0.91 64.25 2.99 4.9% 700 70.43 72.22 0.25 1.04 73.51 3.08 4.4% 800 79.59 81.31 0.28 1.17 82.76 3.17 4.0% 900 88.76 90.40 0.32 1.31 92.03 3.27 3.7% 1,000 97.93 99.49 0.35 1.44 101.28 3.35 3.4% 1,500 143.77 144.95 0.53 2.09 147.57 3.80 2.6% 2,000 189.61 190.40 0.71 2.75 193.86 4.25 2.2% 2,500 235.45 235.86 0.88 3.41 240.15 4.70 2.0%
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. Schedule H-4 Page 14 of 19 June, 2003 Arizona Public Service Company Typical General Service Bill Analysis E-30 Winter (November-April) Customer Bills at Varying Consumption Levels at Present and Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) Monthly Bill Components of Proposed Bill Monthly Bill Change Monthly under --------------------------------------- under ------------------- kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % --- ------------- ---- ---- --------- -------------- ---------- --- (A)x$0.000353 [(C)+(D)]x0.0144 (C)+(D)+(E) (F)-(B) (G)/(B) 30 9.30 11.61 0.01 0.17 11.79 2.49 26.8% 40 10.32 12.62 0.01 0.18 12.81 2.49 24.1% 50 11.34 13.63 0.02 0.20 13.85 2.51 22.1% 60 12.36 14.63 0.02 0.21 14.86 2.50 20.2% 70 13.38 15.64 0.02 0.23 15.89 2.51 18.8% 80 14.39 16.65 0.03 0.24 16.92 2.53 17.6% 90 15.41 17.66 0.03 0.25 17.94 2.53 16.4% 100 16.43 18.67 0.04 0.27 18.98 2.55 15.5% 125 18.97 21.19 0.04 0.31 21.54 2.57 13.5% 150 21.52 23.72 0.05 0.34 24.11 2.59 12.0% 175 24.06 26.24 0.06 0.38 26.68 2.62 10.9% 200 26.61 28.76 0.07 0.42 29.25 2.64 9.9% 225 29.15 31.28 0.08 0.45 31.81 2.66 9.1% 250 31.70 33.81 0.09 0.49 34.39 2.69 8.5% 275 34.24 36.33 0.10 0.52 36.95 2.71 7.9% 300 36.79 38.85 0.11 0.56 39.52 2.73 7.4% 325 39.33 41.38 0.11 0.60 42.09 2.76 7.0% 350 41.88 43.90 0.12 0.63 44.65 2.77 6.6% 375 44.42 46.42 0.13 0.67 47.22 2.80 6.3% 400 46.97 48.94 0.14 0.71 49.79 2.82 6.0% 425 49.51 51.47 0.15 0.74 52.36 2.85 5.8% 450 52.06 53.99 0.16 0.78 54.93 2.87 5.5% 475 54.60 56.51 0.17 0.82 57.50 2.90 5.3% 500 57.15 59.04 0.18 0.85 60.07 2.92 5.1% 600 67.32 69.13 0.21 1.00 70.34 3.02 4.5% 700 77.50 79.22 0.25 1.14 80.61 3.11 4.0% 800 87.68 89.31 0.28 1.29 90.88 3.20 3.6% 900 97.86 99.40 0.32 1.44 101.16 3.30 3.4% 1,000 108.04 109.49 0.35 1.58 111.42 3.38 3.1% 1,500 158.94 159.95 0.53 2.31 162.79 3.85 2.4% 2,000 209.83 210.40 0.71 3.04 214.15 4.32 2.1% 2,500 260.73 260.86 0.88 3.77 265.51 4.78 1.8%
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. Schedule H-4 Page 15 of 19 June, 2003 Arizona Public Service Company Typical General Service Bill Analysis E-32 Winter (November-April) Customer Bills at Varying Consumption Levels at Present and Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) (I) (J) Monthly Bill Components of Proposed Bill Monthly Bill Change Load Monthly under ------------------------------------------ under -------------------- kW Factor kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % -- ------ ------- ------------- ---- ------------- ---------------- -------------- ---------- ------- (C)x$0.000353 [(E)+(F)]x0.0144 (E)+(F)+(G) (H)-(D) (I)/(D) 10 15% 1,095 120.86 116.84 0.39 1.69 118.92 (1.94) -1.6% 10 30% 2,190 221.47 216.43 0.77 3.13 220.33 (1.14) -0.5% 10 45% 3,285 313.78 316.02 1.16 4.57 321.75 7.97 2.5% 10 60% 4,380 382.50 415.61 1.55 6.01 423.17 40.67 10.6% 10 75% 5,475 451.22 515.20 1.93 7.45 524.58 73.36 16.3% 100 15% 10,950 1,165.84 1,492.04 3.87 21.54 1,517.45 351.61 30.2% 100 30% 21,900 1,883.63 2,234.93 7.73 32.29 2,274.95 391.32 20.8% 100 45% 32,850 2,570.86 2,595.19 11.60 37.54 2,644.33 73.47 2.9% 100 60% 43,800 3,258.08 2,955.44 15.46 42.78 3,013.68 (244.40) -7.5% 100 75% 54,750 3,927.76 3,315.70 19.33 48.02 3,383.05 (544.71) -13.9% 200 15% 21,900 2,326.92 2,950.06 7.73 42.59 3,000.38 673.46 28.9% 200 30% 43,800 3,704.28 4,435.84 15.46 64.10 4,515.40 811.12 21.9% 200 45% 65,700 5,038.96 5,156.35 23.19 74.59 5,254.13 215.17 4.3% 200 60% 87,600 5,901.16 5,876.86 30.92 85.07 5,992.85 91.69 1.6% 200 75% 109,500 6,763.37 6,597.37 38.65 95.56 6,731.58 (31.79) -0.5% 500 15% 54,750 5,730.10 7,324.13 19.33 105.75 7,449.21 1,719.11 30.0% 500 30% 109,500 8,803.67 11,038.57 38.65 159.51 11,236.73 2,433.06 27.6% 500 45% 164,250 10,959.17 12,839.85 57.98 185.73 13,083.56 2,124.39 19.4% 500 60% 219,000 13,114.68 14,641.12 77.31 211.95 14,930.38 1,815.70 13.8% 500 75% 273,750 15,270.19 16,442.40 96.63 238.16 16,777.19 1,507.00 9.9% 1,500 15% 164,250 17,064.32 17,843.10 57.98 257.78 18,158.86 1,094.54 6.4% 1,500 30% 328,500 24,226.70 28,986.43 115.96 419.07 29,521.46 5,294.76 21.9% 1,500 45% 492,750 30,693.22 34,390.26 173.94 497.72 35,061.92 4,368.70 14.2% 1,500 60% 657,000 37,159.74 39,794.08 231.92 576.37 40,602.37 3,442.63 9.3% 1,500 75% 821,250 43,626.26 45,197.91 289.90 655.02 46,142.83 2,516.57 5.8% 3,000 15% 328,500 34,065.65 34,733.41 115.96 501.83 35,351.20 1,285.55 3.8% 3,000 30% 657,000 47,361.24 57,020.08 231.92 824.43 58,076.43 10,715.19 22.6% 3,000 45% 985,500 60,294.29 67,827.73 347.88 981.73 69,157.34 8,863.05 14.7% 3,000 60% 1,314,000 73,227.33 78,635.38 463.84 1,139.03 80,238.25 7,010.92 9.6% 3,000 75% 1,642,500 86,160.38 89,443.03 579.80 1,296.33 91,319.16 5,158.78 6.0%
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. 5) For purposes of calculating the monthly bill, E-32 customers are categorized in this manner: 0 - 99 kW = self contained 100 - 999 kW = Instrument-rated 1000 and above = primary Schedule H-4 Page 16 of 19 June, 2003 Arizona Public Service Company Typical General Service Bill Analysis E-32 Summer (May-October) Customer Bills at Varying Consumption Levels at Present and Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) (I) (J) Monthly Bill Components of Proposed Bill Monthly Bill Change Load Monthly under ------------------------------------------ under -------------------- kW Factor kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % -- ------ ------- ------------- ---- ------------- ---------------- -------------- ---------- ------- (C)x$0.000353 [(E)+(F)]x0.0144 (E)+(F)+(G) (H)-(D) (I)/(D) 10 15% 1,095 132.70 127.79 0.39 1.85 130.03 (2.67) -2.0% 10 30% 2,190 244.40 238.33 0.77 3.44 242.54 (1.86) -0.8% 10 45% 3,285 346.95 348.87 1.16 5.04 355.07 8.12 2.3% 10 60% 4,380 423.48 459.41 1.55 6.64 467.60 44.12 10.4% 10 75% 5,475 500.01 569.95 1.93 8.24 580.12 80.11 16.0% 100 15% 10,950 1,291.01 1,601.54 3.87 23.12 1,628.53 337.52 26.1% 100 30% 21,900 2,090.03 2,453.93 7.73 35.45 2,497.11 407.08 19.5% 100 45% 32,850 2,855.33 2,923.69 11.60 42.27 2,977.56 122.23 4.3% 100 60% 43,800 3,620.62 3,393.44 15.46 49.09 3,457.99 (162.63) -4.5% 100 75% 54,750 4,366.52 3,863.20 19.33 55.91 3,938.44 (428.08) -9.8% 200 15% 21,900 2,578.02 3,169.06 7.73 45.75 3,222.54 644.52 25.0% 200 30% 43,800 4,111.82 4,873.84 15.46 70.41 4,959.71 847.89 20.6% 200 45% 65,700 5,598.45 5,813.35 23.19 84.05 5,920.59 322.14 5.8% 200 60% 87,600 6,562.71 6,752.86 30.92 97.69 6,881.47 318.76 4.9% 200 75% 109,500 7,526.97 7,692.37 38.65 111.33 7,842.35 315.38 4.2% 500 15% 54,750 6,350.72 7,871.63 19.33 113.63 8,004.59 1,653.87 26.0% 500 30% 109,500 9,776.37 12,133.57 38.65 175.28 12,347.50 2,571.13 26.3% 500 45% 164,250 12,187.01 14,482.35 57.98 209.38 14,749.71 2,562.70 21.0% 500 60% 219,000 14,597.65 16,831.12 77.31 243.48 17,151.91 2,554.26 17.5% 500 75% 273,750 17,008.29 19,179.90 96.63 277.58 19,554.11 2,545.82 15.0% 1,500 15% 164,250 18,915.67 19,485.60 57.98 281.43 19,825.01 909.34 4.8% 1,500 30% 328,500 26,916.94 32,271.43 115.96 466.38 32,853.77 5,936.83 22.1% 1,500 45% 492,750 34,148.86 39,317.76 173.94 568.68 40,060.38 5,911.52 17.3% 1,500 60% 657,000 41,380.79 46,364.08 231.92 670.98 47,266.98 5,886.19 14.2% 1,500 75% 821,250 48,612.72 53,410.41 289.90 773.28 54,473.59 5,860.87 12.1% 3,000 15% 328,500 37,763.11 38,018.41 115.96 549.13 38,683.50 920.39 2.4% 3,000 30% 657,000 52,627.79 63,590.08 231.92 919.04 64,741.04 12,113.25 23.0% 3,000 45% 985,500 67,091.65 77,682.73 347.88 1,123.64 79,154.25 12,062.60 18.0% 3,000 60% 1,314,000 81,555.50 91,775.38 463.84 1,328.24 93,567.46 12,011.96 14.7% 3,000 75% 1,642,500 96,019.36 105,868.03 579.80 1,532.85 107,980.68 11,961.32 12.5%
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. 5) For purposes of calculating the monthly bill, E-32 customers are categorized in this manner: 0 - 99 kW = self contained 100 - 999 kW = Instrument-rated Schedule H-4 Page 17 of 19 June, 2003 Arizona Public Service Company Typical General Service Bill Analysis E-34 Customer Bills at Varying Consumption Levels at Present and Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) (I) (J) Monthly Bill Components of Proposed Bill Monthly Bill Change Load Monthly under ------------------------------------------ under -------------------- kW Factor kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % -- ------ ------- ------------- ---- ------------- ---------------- -------------- ---------- ------- (C)x$0.000353 [(E)+(F)]x0.0144 (E)+(F)+(G) (H)-(D) (I)/(D) 3,000 20% 438,000 47,951.88 51,587.70 154.61 745.09 52,487.40 4,535.52 9.5% 3,000 30% 657,000 54,797.82 58,779.66 231.92 849.77 59,861.35 5,063.53 9.2% 3,000 40% 876,000 61,643.76 65,971.62 309.23 954.44 67,235.29 5,591.53 9.1% 3,000 50% 1,095,000 68,489.70 73,163.58 386.54 1,059.12 74,609.24 6,119.54 8.9% 3,000 75% 1,642,500 85,604.55 91,143.48 579.80 1,320.82 93,044.10 7,439.55 8.7% 3,500 20% 511,000 55,538.86 60,171.02 180.38 869.06 61,220.46 5,681.60 10.2% 3,500 30% 766,500 63,525.79 68,561.64 270.57 991.18 69,823.39 6,297.60 9.9% 3,500 40% 1,022,000 71,512.72 76,952.26 360.77 1,113.31 78,426.34 6,913.62 9.7% 3,500 50% 1,277,500 79,499.65 85,342.88 450.96 1,235.43 87,029.27 7,529.62 9.5% 3,500 75% 1,916,250 99,466.98 106,319.43 676.44 1,540.74 108,536.61 9,069.63 9.1% 4,000 20% 584,000 63,125.84 68,754.34 206.15 993.03 69,953.52 6,827.68 10.8% 4,000 30% 876,000 72,253.76 78,343.62 309.23 1,132.60 79,785.45 7,531.69 10.4% 4,000 40% 1,168,000 81,381.68 87,932.90 412.30 1,272.17 89,617.37 8,235.69 10.1% 4,000 50% 1,460,000 90,509.60 97,522.18 515.38 1,411.74 99,449.30 8,939.70 9.9% 4,000 75% 2,190,000 113,329.40 121,495.38 773.07 1,760.67 124,029.12 10,699.72 9.4% 4,500 20% 657,000 70,712.82 77,337.66 231.92 1,117.00 78,686.58 7,973.76 11.3% 4,500 30% 985,500 80,981.73 88,125.60 347.88 1,274.02 89,747.50 8,765.77 10.8% 4,500 40% 1,314,000 91,250.64 98,913.54 463.84 1,431.03 100,808.41 9,557.77 10.5% 4,500 50% 1,642,500 101,519.55 109,701.48 579.80 1,588.05 111,869.33 10,349.78 10.2% 4,500 75% 2,463,750 127,191.83 136,671.33 869.70 1,980.59 139,521.62 12,329.79 9.7% 5,000 20% 730,000 78,299.80 85,920.98 257.69 1,240.97 87,419.64 9,119.84 11.6% 5,000 30% 1,095,000 89,709.70 97,907.58 386.54 1,415.44 99,709.56 9,999.86 11.1% 5,000 40% 1,460,000 101,119.60 109,894.18 515.38 1,589.90 111,999.46 10,879.86 10.8% 5,000 50% 1,825,000 112,529.50 121,880.78 644.23 1,764.36 124,289.37 11,759.87 10.5% 5,000 75% 2,737,500 141,054.25 151,847.28 966.34 2,200.52 155,014.14 13,959.89 9.9% 6,000 20% 876,000 93,473.76 103,087.62 309.23 1,488.91 104,885.76 11,412.00 12.2% 6,000 30% 1,314,000 107,165.64 117,471.54 463.84 1,698.27 119,633.65 12,468.01 11.6% 6,000 40% 1,752,000 120,857.52 131,855.46 618.46 1,907.62 134,381.54 13,524.02 11.2% 6,000 50% 2,190,000 134,549.40 146,239.38 773.07 2,116.98 149,129.43 14,580.03 10.8% 6,000 75% 3,285,000 168,779.10 182,199.18 1,159.61 2,640.37 185,999.16 17,220.06 10.2% 7,000 20% 1,022,000 108,647.72 120,254.26 360.77 1,736.86 122,351.89 13,704.17 12.6% 7,000 30% 1,533,000 124,621.58 137,035.50 541.15 1,981.10 139,557.75 14,936.17 12.0% 7,000 40% 2,044,000 140,595.44 153,816.74 721.53 2,225.35 156,763.62 16,168.18 11.5% 7,000 50% 2,555,000 156,569.30 170,597.98 901.92 2,469.60 173,969.50 17,400.20 11.1% 7,000 75% 3,832,500 196,503.95 212,551.08 1,352.87 3,080.22 216,984.17 20,480.22 10.4%
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. 5) For purposes of calculating the monthly bill, E-34 customers are categorized as primary customers. Schedule H-4 Page 18 of 19 June, 2003 Arizona Public Service Company Typical General Service Bill Analysis E-35 Customer Bills at Varying Consumption Levels at Present and Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) (I) (J) Monthly Bill Components of Proposed Bill Monthly Bill Change Load Monthly under ------------------------------------------ under -------------------- kW Factor kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % -- ------ ------- ------------- ---- ------------- ---------------- -------------- ---------- ------- (C)x$0.000353 [(E)+(F)]x0.0144 (E)+(F)+(G) (H)-(D) (I)/(D) 3,000 20% 438,000 53,053.70 52,490.52 154.61 758.09 53,403.22 349.52 0.7% 3,000 30% 657,000 58,780.55 59,329.89 231.92 857.69 60,419.50 1,638.95 2.8% 3,000 40% 876,000 64,507.40 66,169.26 309.23 957.29 67,435.78 2,928.38 4.5% 3,000 50% 1,095,000 70,234.25 73,008.63 386.54 1,056.89 74,452.06 4,217.81 6.0% 3,000 75% 1,642,500 84,551.38 90,107.06 579.80 1,305.89 91,992.75 7,441.37 8.8% 3,500 20% 511,000 61,487.65 61,224.31 180.38 884.23 62,288.92 801.27 1.3% 3,500 30% 766,500 68,168.98 69,203.58 270.57 1,000.43 70,474.58 2,305.60 3.4% 3,500 40% 1,022,000 74,850.30 77,182.84 360.77 1,116.63 78,660.24 3,809.94 5.1% 3,500 50% 1,277,500 81,531.63 85,162.11 450.96 1,232.83 86,845.90 5,314.27 6.5% 3,500 75% 1,916,250 98,234.94 105,110.27 676.44 1,523.33 107,310.04 9,075.10 9.2% 4,000 20% 584,000 69,921.60 69,958.10 206.15 1,010.37 71,174.62 1,253.02 1.8% 4,000 30% 876,000 77,557.40 79,077.26 309.23 1,143.17 80,529.66 2,972.26 3.8% 4,000 40% 1,168,000 85,193.20 88,196.42 412.30 1,275.97 89,884.69 4,691.49 5.5% 4,000 50% 1,460,000 92,829.00 97,315.58 515.38 1,408.77 99,239.73 6,410.73 6.9% 4,000 75% 2,190,000 111,918.50 120,113.48 773.07 1,740.77 122,627.32 10,708.82 9.6% 4,500 20% 657,000 78,355.55 78,691.89 231.92 1,136.50 80,060.31 1,704.76 2.2% 4,500 30% 985,500 86,945.83 88,950.95 347.88 1,285.90 90,584.73 3,638.90 4.2% 4,500 40% 1,314,000 95,536.10 99,210.00 463.84 1,435.30 101,109.14 5,573.04 5.8% 4,500 50% 1,642,500 104,126.38 109,469.06 579.80 1,584.70 111,633.56 7,507.18 7.2% 4,500 75% 2,463,750 125,602.06 135,116.69 869.70 1,958.20 137,944.59 12,342.53 9.8% 5,000 20% 730,000 86,789.50 87,425.68 257.69 1,262.64 88,946.01 2,156.51 2.5% 5,000 30% 1,095,000 96,334.25 98,824.63 386.54 1,428.64 100,639.81 4,305.56 4.5% 5,000 40% 1,460,000 105,879.00 110,223.58 515.38 1,594.64 112,333.60 6,454.60 6.1% 5,000 50% 1,825,000 115,423.75 121,622.53 644.23 1,760.64 124,027.40 8,603.65 7.5% 5,000 75% 2,737,500 139,285.63 150,119.91 966.34 2,175.64 153,261.89 13,976.26 10.0% 6,000 20% 876,000 103,657.40 104,893.26 309.23 1,514.92 106,717.41 3,060.01 3.0% 6,000 30% 1,314,000 115,111.10 118,572.00 463.84 1,714.12 120,749.96 5,638.86 4.9% 6,000 40% 1,752,000 126,564.80 132,250.74 618.46 1,913.32 134,782.52 8,217.72 6.5% 6,000 50% 2,190,000 138,018.50 145,929.48 773.07 2,112.52 148,815.07 10,796.57 7.8% 6,000 75% 3,285,000 166,652.75 180,126.33 1,159.61 2,610.52 183,896.46 17,243.71 10.3% 7,000 20% 1,022,000 120,525.30 122,360.84 360.77 1,767.19 124,488.80 3,963.50 3.3% 7,000 30% 1,533,000 133,887.95 138,319.37 541.15 1,999.59 140,860.11 6,972.16 5.2% 7,000 40% 2,044,000 147,250.60 154,277.90 721.53 2,231.99 157,231.42 9,980.82 6.8% 7,000 50% 2,555,000 160,613.25 170,236.43 901.92 2,464.39 173,602.74 12,989.49 8.1% 7,000 75% 3,832,500 194,019.88 210,132.76 1,352.87 3,045.39 214,531.02 20,511.14 10.6%
E-35 Average Energy On-Peak: 34% SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. 5) For purposes of calculating the monthly bill, E-34 customers are categorized as primary customers. Schedule H-4 Page 19 of 19 June, 2003 Arizona Public Service Company Typical General Service Bill Analysis E-221 Water Pumping Power Customer Bills at Varying Consumption Levels at Present and Proposed Rate Levels
(A) (B) (C) (D) (E) (F) (G) (H) (I) (J) Monthly Bill Components of Proposed Bill Monthly Bill Change Load Monthly under ------------------------------------------ under -------------------- kW Factor kWh Present Rates Base CRCC Franchise Proposed Rates Amount ($) % -- ------ ------- ------------- ---- ------------- ---------------- -------------- ---------- ------- (C)x$0.000353 [(E)+(F)]x0.0144 (E)+(F)+(G) (H)-(D) (I)/(D) 10 20% 1,460 132.52 136.15 0.52 1.97 138.63 6.11 4.6% 10 35% 2,555 203.05 211.83 0.90 3.06 215.79 12.74 6.3% 10 50% 3,650 265.97 275.36 1.29 3.98 280.63 14.66 5.5% 10 65% 4,745 323.89 336.26 1.67 4.87 342.81 18.92 5.8% 10 80% 5,840 381.80 397.17 2.06 5.75 404.98 23.17 6.1% 30 20% 4,380 353.00 373.95 1.55 5.41 380.91 27.91 7.9% 30 35% 7,665 564.58 600.98 2.71 8.69 612.38 47.79 8.5% 30 50% 10,950 747.83 791.58 3.87 11.45 806.90 59.07 7.9% 30 65% 14,235 921.58 974.29 5.02 14.10 993.42 71.84 7.8% 30 80% 17,520 1,095.32 1,157.00 6.18 16.75 1,179.94 84.62 7.7% 75 20% 10,950 849.07 909.00 3.87 13.15 926.02 76.94 9.1% 75 35% 19,163 1,378.07 1,476.60 6.76 21.36 1,504.73 126.66 9.2% 75 50% 27,375 1,832.01 1,953.08 9.66 28.26 1,991.01 159.00 8.7% 75 65% 35,588 2,266.40 2,409.89 12.56 34.88 2,457.33 190.94 8.4% 75 80% 43,800 2,700.73 2,866.64 15.46 41.50 2,923.60 222.87 8.3% 100 20% 14,600 1,124.67 1,206.26 5.15 17.44 1,228.85 104.19 9.3% 100 35% 25,550 1,829.96 1,963.01 9.02 28.40 2,000.43 170.47 9.3% 100 50% 36,500 2,434.33 2,598.36 12.88 37.60 2,648.84 214.51 8.8% 100 65% 47,450 3,013.48 3,207.39 16.75 46.43 3,270.57 257.09 8.5% 100 80% 58,400 3,592.62 3,816.43 20.62 55.25 3,892.30 299.68 8.3% 150 20% 21,900 1,675.86 1,800.76 7.73 26.04 1,834.53 158.67 9.5% 150 35% 38,325 2,733.79 2,935.89 13.53 42.47 2,991.89 258.10 9.4% 150 50% 54,750 3,638.97 3,888.91 19.33 56.28 3,964.51 325.54 8.9% 150 65% 71,175 4,507.69 4,802.47 25.12 69.52 4,897.11 389.42 8.6% 150 80% 87,600 5,376.41 5,716.02 30.92 82.76 5,829.70 453.29 8.4% 200 20% 29,200 2,227.05 2,395.26 10.31 34.64 2,440.21 213.16 9.6% 200 35% 51,100 3,637.63 3,908.77 18.04 56.55 3,983.36 345.72 9.5% 200 50% 73,000 4,843.62 5,179.46 25.77 74.96 5,280.18 436.57 9.0% 200 65% 94,900 6,001.91 6,397.54 33.50 92.61 6,523.64 521.74 8.7% 200 80% 116,800 7,160.20 7,615.62 41.23 110.26 7,767.10 606.91 8.5% 300 20% 43,800 3,329.44 3,584.27 15.46 51.84 3,651.57 322.13 9.7% 300 35% 76,650 5,445.31 5,854.53 27.06 84.69 5,966.28 520.98 9.6% 300 50% 109,500 7,252.90 7,760.57 38.65 112.31 7,911.53 658.63 9.1% 300 65% 142,350 8,990.34 9,587.68 50.25 138.79 9,776.72 786.38 8.7% 300 80% 175,200 10,727.77 11,414.80 61.85 165.26 11,641.91 914.13 8.5%
SUPPORTING SCHEDULES: NOTES TO SCHEDULE: 1) Bills do not include EPS, Regulatory Assessment, or Tax charges. 2) Franchise dollars are shown as an average percentage of total revenue requirement. 3) Proposed CRCC is calculated in accordance with the proposed Plan for Administration as filed in ACC Docket No. E-01345A-02-0403. 4) Present Rates are rates effective 7/1/2003. Schedule H-5 Page 1 of 3 June, 2003 ARIZONA PUBLIC SERVICE COMPANY BILL COUNT BILLING ACTIVITY BY BLOCK FOR EACH MAJOR RATE TEST YEAR ENDED DECEMBER 31, 2002 UNADJUSTED RATE SCHEDULE: E-10 DESCRIPTION: Residential Electric Rate Applicable in All Territory Served by Company
SUMMER (May through October) -------------------------------------------------------------------------------- CUMULATIVE --------------------------------------------------- NUMBER BILLS CONSUMPTION OF CONSUMPTION ------------------- -------------------- Line BLOCK BILLS BY kWh BY % of Amount % of No. (kWh) BLOCK BLOCK Number Total (kWh) Total ---- ----- ------ ---------- ------- ----- ----- ----- (A) (B) (C) (D) (E) (F) (G) 1 0 10,969 -- 10,969 1.86% -- 0.00% 2 1-50 11,820 271,814 22,789 3.86% 271,814 0.05% 3 51-100 12,363 946,538 35,152 5.96% 1,218,352 0.23% 4 101-150 15,188 1,919,128 50,340 8.54% 3,137,480 0.58% 5 151-200 17,440 3,069,531 67,780 11.49% 6,207,011 1.15% 6 201-250 20,194 4,566,339 87,974 14.92% 10,773,350 2.00% 7 251-300 22,078 6,090,648 110,052 18.66% 16,863,998 3.13% 8 301-350 23,562 7,672,869 133,614 22.66% 24,536,867 4.55% 9 351-400 24,097 9,049,708 157,711 26.75% 33,586,575 6.23% 10 401-450 24,559 10,451,980 182,270 30.91% 44,038,555 8.17% 11 451-500 24,059 11,439,814 206,329 34.99% 55,478,369 10.29% 12 501-550 23,480 12,337,146 229,809 38.97% 67,815,515 12.58% 13 551-600 22,594 12,997,077 252,403 42.80% 80,812,592 14.99% 14 601-650 21,344 13,347,515 273,747 46.42% 94,160,107 17.46% 15 651-700 20,011 13,512,021 293,758 49.82% 107,672,129 19.97% 16 701-750 18,976 13,762,129 312,734 53.04% 121,434,258 22.52% 17 751-800 17,702 13,726,628 330,436 56.04% 135,160,886 25.07% 18 801-850 16,546 13,652,219 346,982 58.84% 148,813,105 27.60% 19 851-900 15,054 13,175,147 362,036 61.40% 161,988,252 30.04% 20 901-950 13,786 12,754,824 375,822 63.74% 174,743,076 32.41% 21 951-1,000 13,071 12,749,142 388,893 65.95% 187,492,218 34.78% 22 1,001-1,100 23,555 24,718,033 412,448 69.95% 212,210,251 39.36% 23 1,101-1,200 20,711 23,808,472 433,159 73.46% 236,018,723 43.78% 24 1,201-1,300 18,321 22,898,836 451,480 76.57% 258,917,559 48.02% 25 1,301-1,400 16,412 22,152,334 467,892 79.35% 281,069,893 52.13% 26 1,401-1,500 14,781 21,425,165 482,673 81.86% 302,495,058 56.11% 27 1,501-1,600 13,086 20,275,629 495,759 84.07% 322,770,687 59.87% 28 1,601-1,700 11,734 19,361,956 507,493 86.06% 342,132,643 63.46% 29 1,701-1,800 10,426 18,241,183 517,919 87.83% 360,373,826 66.84% 30 1,801-1,900 9,341 17,278,588 527,260 89.42% 377,652,414 70.05% 31 1,901-2,000 8,301 16,181,088 535,561 90.82% 393,833,502 73.05% 32 2,001-2,500 28,640 63,633,257 564,201 95.68% 457,466,758 84.85% 33 2,501-3,000 13,759 37,430,338 577,960 98.02% 494,897,096 91.79% 34 3,001-4,000 8,869 29,911,639 586,829 99.52% 524,808,736 97.34% 35 4,001-5,000 1,917 8,417,131 588,746 99.84% 533,225,867 98.90% 36 5,001-10,000 873 5,278,982 589,619 99.99% 538,504,848 99.88% 37 10,001-20,000 41 518,399 589,660 100.00% 539,023,247 99.98% 38 over 20,000 3 130,967 589,663 100.00% 539,154,214 100.00% WINTER (November through April) ------------------------------------------------------------------------------- CUMULATIVE -------------------------------------------------- NUMBER BILLS CONSUMPTION OF CONSUMPTION ------------------- ------------------------ BILLS BY kWh BY % of Amount % of Line BLOCK BLOCK Number Total (kWh) Total No. ----- ---------- ------- ------ ----------- ------ ---- (H) (I) (J) (K) (L) (M) 15,271 -- 15,271 2.55% -- 0.00% 1 16,499 389,675 31,770 5.30% 389,675 0.10% 2 14,750 1,119,056 46,520 7.76% 1,508,731 0.37% 3 16,550 2,090,400 63,070 10.52% 3,599,131 0.88% 4 20,935 3,692,944 84,005 14.01% 7,292,075 1.79% 5 25,767 5,828,303 109,772 18.30% 13,120,378 3.22% 6 30,060 8,293,185 139,832 23.32% 21,413,563 5.25% 7 32,708 10,654,519 172,540 28.77% 32,068,082 7.86% 8 33,104 12,431,471 205,644 34.29% 44,499,553 10.91% 9 32,816 13,960,432 238,460 39.76% 58,459,985 14.34% 10 32,010 15,218,689 270,470 45.10% 73,678,674 18.07% 11 30,040 15,776,309 300,510 50.11% 89,454,983 21.94% 12 28,123 16,172,619 328,633 54.80% 105,627,602 25.90% 13 25,777 16,114,869 354,410 59.09% 121,742,471 29.85% 14 23,930 16,158,276 378,340 63.08% 137,900,747 33.82% 15 21,479 15,573,574 399,819 66.66% 153,474,321 37.63% 16 19,261 14,929,446 419,080 69.88% 168,403,767 41.30% 17 17,566 14,492,553 436,646 72.81% 182,896,320 44.85% 18 15,756 13,788,608 452,402 75.43% 196,684,928 48.23% 19 14,083 13,029,337 466,485 77.78% 209,714,265 51.43% 20 12,888 12,566,915 479,373 79.93% 222,281,180 54.51% 21 21,753 22,815,530 501,126 83.56% 245,096,710 60.10% 22 17,920 20,587,835 519,046 86.54% 265,684,545 65.15% 23 14,270 17,814,439 533,316 88.92% 283,498,984 69.52% 24 11,562 15,600,173 544,878 90.85% 299,099,157 73.35% 25 9,538 13,815,654 554,416 92.44% 312,914,811 76.73% 26 7,745 11,998,926 562,161 93.73% 324,913,737 79.68% 27 6,355 10,478,978 568,516 94.79% 335,392,715 82.25% 28 5,371 9,393,471 573,887 95.69% 344,786,186 84.55% 29 4,265 7,882,744 578,152 96.40% 352,668,930 86.48% 30 3,536 6,891,402 581,688 96.99% 359,560,332 88.17% 31 10,151 22,462,617 591,839 98.68% 382,022,949 93.68% 32 4,181 11,347,961 596,020 99.38% 393,370,910 96.46% 33 2,693 9,105,339 598,713 99.83% 402,476,249 98.70% 34 651 2,863,699 599,364 99.94% 405,339,948 99.40% 35 365 2,224,533 599,729 100.00% 407,564,481 99.94% 36 14 164,141 599,743 100.00% 407,728,622 99.98% 37 1 68,240 599,744 100.00% 407,796,862 100.00% 38 Average Number of Customers: 98,277 Average Number of Customers: 99,957 Average Consumption: 914 kWh per bill Average Consumption: 680 kWh per bill Median Consumption: 703 kWh per bill Median Consumption: 549 kWh per bill
SUPPORTING SCHEDULES: RECAP SCHEDULES: Schedule H-5 Page 2 of 3 June, 2003 ARIZONA PUBLIC SERVICE COMPANY BILL COUNT BILLING ACTIVITY BY BLOCK FOR EACH MAJOR RATE TEST YEAR ENDED DECEMBER 31, 2002 UNADJUSTED RATE SCHEDULE: E-12 DESCRIPTION: Residential Electric Rate Applicable in All Territory Served by Company
SUMMER (May through October) -------------------------------------------------------------------------------- CUMULATIVE --------------------------------------------------- NUMBER BILLS CONSUMPTION OF CONSUMPTION ------------------- -------------------- Line BLOCK BILLS BY kWh BY % of Amount % of No. (kWh) BLOCK BLOCK Number Total (kWh) Total ---- ----- ------ ---------- ------- ----- ----- ----- (A) (B) (C) (D) (E) (F) (G) 1 0 73,255 -- 73,255 3.16% -- 0.00% 2 1-50 79,014 1,750,788 152,269 6.58% 1,750,788 0.10% 3 51-100 68,922 5,241,353 221,191 9.55% 6,992,141 0.39% 4 101-150 74,784 9,409,201 295,975 12.78% 16,401,342 0.92% 5 151-200 79,883 14,039,337 375,858 16.23% 30,440,678 1.71% 6 201-250 85,385 19,279,079 461,243 19.92% 49,719,758 2.79% 7 251-300 90,404 24,918,937 551,647 23.82% 74,638,695 4.19% 8 301-350 94,469 30,766,628 646,116 27.90% 105,405,323 5.91% 9 351-400 97,239 36,519,296 743,355 32.10% 141,924,619 7.96% 10 401-450 98,295 41,819,955 841,650 36.35% 183,744,574 10.30% 11 451-500 96,590 45,919,063 938,240 40.52% 229,663,637 12.88% 12 501-550 94,573 49,687,061 1,032,813 44.61% 279,350,698 15.67% 13 551-600 90,980 52,341,905 1,123,793 48.53% 331,692,602 18.60% 14 601-650 86,409 54,032,192 1,210,202 52.27% 385,724,794 21.63% 15 651-700 82,005 55,373,048 1,292,207 55.81% 441,097,843 24.74% 16 701-750 77,061 55,886,951 1,369,268 59.14% 496,984,794 27.87% 17 751-800 72,384 56,113,330 1,441,652 62.26% 553,098,124 31.02% 18 801-850 67,376 55,603,404 1,509,028 65.17% 608,701,527 34.14% 19 851-900 62,081 54,328,374 1,571,109 67.85% 663,029,901 37.18% 20 901-950 57,874 53,545,371 1,628,983 70.35% 716,575,273 40.19% 21 951-1,000 54,357 53,008,068 1,683,340 72.70% 769,583,340 43.16% 22 1,001-1,100 96,393 101,139,761 1,779,733 76.86% 870,723,101 48.83% 23 1,101-1,200 82,575 94,895,161 1,862,308 80.43% 965,618,262 54.15% 24 1,201-1,300 70,924 88,592,265 1,933,232 83.49% 1,054,210,527 59.12% 25 1,301-1,400 60,670 81,850,704 1,993,902 86.11% 1,136,061,231 63.71% 26 1,401-1,500 51,004 73,910,912 2,044,906 88.32% 1,209,972,143 67.86% 27 1,501-1,600 43,276 67,037,640 2,088,182 90.18% 1,277,009,783 71.62% 28 1,601-1,700 36,690 60,505,916 2,124,872 91.77% 1,337,515,699 75.01% 29 1,701-1,800 30,743 53,767,959 2,155,615 93.10% 1,391,283,658 78.03% 30 1,801-1,900 25,969 48,016,286 2,181,584 94.22% 1,439,299,944 80.72% 31 1,901-2,000 21,529 41,953,193 2,203,113 95.15% 1,481,253,136 83.07% 32 2,001-2,500 64,190 142,121,632 2,267,303 97.92% 1,623,374,768 91.04% 33 2,501-3,000 25,915 70,282,940 2,293,218 99.04% 1,693,657,708 94.98% 34 3,001-4,000 15,737 53,120,484 2,308,955 99.72% 1,746,778,192 97.96% 35 4,001-5,000 3,786 16,634,949 2,312,741 99.88% 1,763,413,141 98.90% 36 5,001-10,000 2,451 15,443,309 2,315,192 99.99% 1,778,856,450 99.76% 37 10,001-20,000 246 3,139,151 2,315,438 100.00% 1,781,995,601 99.94% 38 over 20,000 20 1,103,723 2,315,458 100.00% 1,783,099,324 100.00% WINTER (November through April) ------------------------------------------------------------------------------- CUMULATIVE -------------------------------------------------- NUMBER BILLS CONSUMPTION OF CONSUMPTION ------------------- ------------------------ BILLS BY kWh BY % of Amount % of Line BLOCK BLOCK Number Total (kWh) Total No. ----- ---------- ------- ------ ----------- ------ ---- (H) (I) (J) (K) (L) (M) 56,841 -- 56,841 2.42% -- 0.00% 1 84,368 1,991,797 141,209 6.01% 1,991,797 0.15% 2 80,417 6,112,355 221,626 9.43% 8,104,152 0.60% 3 91,457 11,543,646 313,083 13.31% 19,647,798 1.44% 4 108,114 19,055,579 421,197 17.91% 38,703,377 2.84% 5 126,480 28,598,333 547,677 23.29% 67,301,710 4.94% 6 138,420 38,174,381 686,097 29.18% 105,476,091 7.75% 7 144,305 46,984,216 830,402 35.31% 152,460,307 11.20% 8 144,493 54,240,356 974,895 41.46% 206,700,663 15.18% 9 138,976 59,111,317 1,113,871 47.37% 265,811,980 19.53% 10 130,874 62,189,105 1,244,745 52.94% 328,001,085 24.10% 11 121,661 63,898,051 1,366,406 58.11% 391,899,136 28.79% 12 110,323 63,444,017 1,476,729 62.80% 455,343,153 33.45% 13 100,649 62,913,980 1,577,378 67.08% 518,257,133 38.07% 14 89,351 60,320,476 1,666,729 70.88% 578,577,609 42.50% 15 79,821 57,872,752 1,746,550 74.28% 636,450,361 46.76% 16 70,389 54,555,609 1,816,939 77.27% 691,005,970 50.76% 17 62,461 51,524,982 1,879,400 79.93% 742,530,952 54.55% 18 54,890 48,030,183 1,934,290 82.26% 790,561,135 58.08% 19 47,678 44,103,327 1,981,968 84.29% 834,664,462 61.32% 20 42,480 41,413,573 2,024,448 86.09% 876,078,035 64.36% 21 69,998 73,373,236 2,094,446 89.07% 949,451,271 69.75% 22 53,677 61,642,109 2,148,123 91.35% 1,011,093,380 74.28% 23 41,485 51,784,646 2,189,608 93.12% 1,062,878,026 78.08% 24 32,199 43,424,711 2,221,807 94.49% 1,106,302,737 81.27% 25 25,160 36,436,848 2,246,967 95.56% 1,142,739,585 83.95% 26 19,577 30,309,086 2,266,544 96.39% 1,173,048,671 86.18% 27 15,475 25,509,621 2,282,019 97.05% 1,198,558,292 88.05% 28 12,336 21,575,341 2,294,355 97.57% 1,220,133,633 89.63% 29 9,861 18,229,373 2,304,216 97.99% 1,238,363,006 90.97% 30 8,055 15,693,907 2,312,271 98.33% 1,254,056,913 92.13% 31 21,902 48,424,413 2,334,173 99.27% 1,302,481,326 95.68% 32 8,848 24,026,027 2,343,021 99.64% 1,326,507,353 97.45% 33 5,779 19,496,998 2,348,800 99.89% 1,346,004,351 98.88% 34 1,481 6,538,043 2,350,281 99.95% 1,352,542,394 99.36% 35 1,030 6,460,052 2,351,311 100.00% 1,359,002,446 99.84% 36 96 1,187,240 2,351,407 100.00% 1,360,189,686 99.92% 37 20 1,042,692 2,351,427 100.00% 1,361,232,378 100.00% 38 Average Number of Customers: 385,910 Average Number of Customers: 391,905 Average Consumption: 770 kWh per bill Average Consumption: 579 kWh per bill Median Consumption: 620 kWh per bill Median Consumption: 474 kWh per bill
SUPPORTING SCHEDULES: RECAP SCHEDULES: Schedule H-5 Page 3 of 3 June, 2003 ARIZONA PUBLIC SERVICE COMPANY BILL COUNT BILLING ACTIVITY BY BLOCK FOR EACH MAJOR RATE TEST YEAR ENDED DECEMBER 31, 2002 UNADJUSTED RATE SCHEDULE: ET-1 DESCRIPTION: Residential Electric Rate Applicable in All Territory Served by Company
SUMMER (May through October) -------------------------------------------------------------------------------- CUMULATIVE --------------------------------------------------- NUMBER BILLS CONSUMPTION OF CONSUMPTION ------------------- -------------------- Line BLOCK BILLS BY kWh BY % of Amount % of No. (kWh) BLOCK BLOCK Number Total (kWh) Total ---- ----- ------ ---------- ------- ----- ----- ----- (A) (B) (C) (D) (E) (F) (G) 1 0 7,585 -- 7,585 0.46% -- 0.00% 2 1-50 7,637 178,525 15,222 0.92% 178,525 0.01% 3 51-100 6,530 496,872 21,752 1.31% 675,396 0.02% 4 101-150 7,273 914,168 29,025 1.75% 1,589,564 0.06% 5 151-200 7,677 1,347,547 36,702 2.22% 2,937,111 0.10% 6 201-250 8,573 1,938,217 45,275 2.73% 4,875,328 0.17% 7 251-300 9,621 2,656,523 54,896 3.31% 7,531,851 0.26% 8 301-350 11,580 3,777,063 66,476 4.01% 11,308,914 0.39% 9 351-400 13,484 5,072,267 79,960 4.83% 16,381,181 0.57% 10 401-450 15,605 6,649,451 95,565 5.77% 23,030,632 0.80% 11 451-500 18,059 8,600,082 113,624 6.86% 31,630,714 1.10% 12 501-550 20,447 10,753,822 134,071 8.09% 42,384,536 1.47% 13 551-600 22,808 13,135,174 156,879 9.47% 55,519,710 1.93% 14 601-650 24,831 15,536,782 181,710 10.97% 71,056,492 2.47% 15 651-700 26,390 17,834,100 208,100 12.56% 88,890,592 3.09% 16 701-750 28,290 20,532,086 236,390 14.27% 109,422,677 3.80% 17 751-800 29,705 23,043,368 266,095 16.06% 132,466,045 4.60% 18 801-850 31,347 25,883,627 297,442 17.96% 158,349,672 5.50% 19 851-900 33,007 28,907,105 330,449 19.95% 187,256,777 6.51% 20 901-950 33,903 31,382,276 364,352 22.00% 218,639,053 7.60% 21 951-1,000 34,914 34,063,038 399,266 24.10% 252,702,091 8.78% 22 1,001-1,100 71,598 75,234,924 470,864 28.43% 327,937,015 11.40% 23 1,101-1,200 74,220 85,404,894 545,084 32.91% 413,341,909 14.37% 24 1,201-1,300 75,517 94,442,128 620,601 37.47% 507,784,037 17.65% 25 1,301-1,400 75,492 101,939,961 696,093 42.02% 609,723,998 21.19% 26 1,401-1,500 74,815 108,518,372 770,908 46.54% 718,242,370 24.96% 27 1,501-1,600 73,567 114,045,355 844,475 50.98% 832,287,725 28.93% 28 1,601-1,700 70,881 116,967,797 915,356 55.26% 949,255,522 32.99% 29 1,701-1,800 67,851 118,757,552 983,207 59.36% 1,068,013,074 37.12% 30 1,801-1,900 64,357 119,047,122 1,047,564 63.24% 1,187,060,196 41.26% 31 1,901-2,000 59,820 116,644,620 1,107,384 66.85% 1,303,704,816 45.31% 32 2,001-2,500 237,157 529,392,783 1,344,541 81.17% 1,833,097,599 63.71% 33 2,501-3,000 144,889 395,145,141 1,489,430 89.92% 2,228,242,740 77.44% 34 3,001-4,000 119,935 406,972,350 1,609,365 97.16% 2,635,215,090 91.58% 35 4,001-5,000 31,466 138,185,012 1,640,831 99.06% 2,773,400,102 96.39% 36 5,001-10,000 14,691 89,262,056 1,655,522 99.94% 2,862,662,158 99.49% 37 10,001-20,000 794 10,052,066 1,656,316 99.99% 2,872,714,223 99.84% 38 over 20,000 142 4,637,271 1,656,458 100.00% 2,877,351,495 100.00% WINTER (November through April) ------------------------------------------------------------------------------- CUMULATIVE -------------------------------------------------- NUMBER BILLS CONSUMPTION OF CONSUMPTION ------------------- ------------------------ BILLS BY kWh BY % of Amount % of Line BLOCK BLOCK Number Total (kWh) Total No. ----- ---------- ------- ------ ----------- ------ ---- (H) (I) (J) (K) (L) (M) 6,809 -- 6,809 0.42% -- 0.00% 1 9,586 232,695 16,395 1.00% 232,695 0.01% 2 10,102 773,257 26,497 1.62% 1,005,952 0.06% 3 11,590 1,464,008 38,087 2.33% 2,469,960 0.14% 4 14,925 2,638,932 53,012 3.25% 5,108,892 0.30% 5 21,742 4,938,596 74,754 4.58% 10,047,488 0.59% 6 30,365 8,403,076 105,119 6.44% 18,450,564 1.07% 7 39,221 12,806,793 144,340 8.85% 31,257,357 1.82% 8 47,483 17,858,413 191,823 11.76% 49,115,770 2.86% 9 53,497 22,787,979 245,320 15.03% 71,903,749 4.19% 10 57,333 27,276,914 302,653 18.55% 99,180,663 5.78% 11 60,313 31,702,420 362,966 22.24% 130,883,083 7.62% 12 62,320 35,874,982 425,286 26.06% 166,758,065 9.71% 13 62,561 39,134,244 487,847 29.90% 205,892,309 11.99% 14 63,388 42,816,076 551,235 33.78% 248,708,385 14.49% 15 62,654 45,452,135 613,889 37.62% 294,160,520 17.13% 16 61,596 47,762,998 675,485 41.39% 341,923,518 19.91% 17 59,829 49,384,474 735,314 45.06% 391,307,992 22.79% 18 58,504 51,215,473 793,818 48.65% 442,523,465 25.77% 19 56,767 52,526,255 850,585 52.12% 495,049,720 28.83% 20 54,757 53,409,876 905,342 55.48% 548,459,596 31.94% 21 102,311 107,386,373 1,007,653 61.75% 655,845,969 38.20% 22 91,647 105,343,791 1,099,300 67.37% 761,189,760 44.33% 23 81,432 101,747,026 1,180,732 72.36% 862,936,786 50.26% 24 70,020 94,467,817 1,250,752 76.65% 957,404,603 55.76% 25 60,837 88,168,811 1,311,589 80.38% 1,045,573,414 60.90% 26 52,001 80,557,523 1,363,590 83.56% 1,126,130,937 65.59% 27 43,919 72,438,414 1,407,509 86.25% 1,198,569,351 69.81% 28 36,741 64,267,700 1,444,250 88.51% 1,262,837,051 73.55% 29 31,136 57,571,994 1,475,386 90.41% 1,320,409,045 76.90% 30 25,989 50,653,402 1,501,375 92.01% 1,371,062,447 79.85% 31 76,636 169,580,354 1,578,011 96.70% 1,540,642,801 89.73% 32 29,752 80,678,618 1,607,763 98.53% 1,621,321,419 94.43% 33 17,400 58,642,270 1,625,163 99.59% 1,679,963,689 97.84% 34 4,023 17,691,875 1,629,186 99.84% 1,697,655,564 98.87% 35 2,401 15,023,128 1,631,587 99.99% 1,712,678,692 99.75% 36 183 2,392,108 1,631,770 100.00% 1,715,070,800 99.89% 37 50 1,930,644 1,631,820 100.00% 1,717,001,444 100.00% 38 Average Number of Customers: 276,076 Average Number of Customers: 271,970 Average Consumption: 1,737 kWh per bill Average Consumption: 1,052 kWh per bill Median Consumption: 1,578 kWh per bill Median Consumption: 920 kWh per bill
SUPPORTING SCHEDULES: RECAP SCHEDULES: