Other Income and Other Expense (APSC)

9 Months Ended

Sep. 30, 2011

Other Income and Other Expense

11.          Other Income and Other Expense

The following table provides detail of other income and other expense for the three and nine months ended September 30, 2011 and 2010 (dollars in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Other income:
Interest income	$	429		$	833		$	1,364		$	2,597
Investment gains — net	—			3,413			1,249			1,074
Miscellaneous	12			15			17			180
Total other income	$	441		$	4,261		$	2,630		$	3,851
Other expense:
Non-operating costs	$	(1,807	)	$	(2,933	)	$	(4,925	)	$	(6,035	)
Investment losses — net	(57		)	—			—			—
Miscellaneous	(1,188		)	(961		)	(2,996		)	(2,733		)
Total other expense	$	(3,052	)	$	(3,894	)	$	(7,921	)	$	(8,768	)

ARIZONA PUBLIC SERVICE COMPANY

Other Income and Other Expense

S-2.Other Income and Other Expense

The following table provides detail of APS’s other income and other expense for the three and nine months ended September 30, 2011 and 2010 (dollars in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Other income:
Interest income	$	93		$	373		$	312		$	2,653
Investment gains — net	—			2,574			1,418			1,038
Miscellaneous	524			15			2,098			181
Total other income	$	617		$	2,962		$	3,828		$	3,872
Other expense:
Non-operating costs	$	(1,922	)	$	(2,969	)	$	(6,136	)	$	(6,453	)
Asset dispositions	(215		)	(186		)	(1,038		)	(395		)
Miscellaneous	(908		)	(919		)	(4,114		)	(4,243		)
Total other expense	$	(3,045	)	$	(4,074	)	$	(11,288	)	$	(11,091	)