Other Income and Other Expense (APSC)

6 Months Ended

Jun. 30, 2012

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 six months ended June 30, 2012 and 2011 (dollars in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Other income:
Interest income	$	107		$	543		$	712		$	935
Investment gains — net	—			12			—			1,307
Miscellaneous	70			2			225			5
Total other income	$	177		$	557		$	937		$	2,247
Other expense:
Non-operating costs	$	(2,389	)	$	(1,629	)	$	(4,239	)	$	(3,119	)
Investment losses — net	(58		)	—			(112		)	—
Miscellaneous	(222		)	(1,557		)	(2,386		)	(1,808		)
Total other expense	$	(2,669	)	$	(3,186	)	$	(6,737	)	$	(4,927	)

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 six months ended June 30, 2012 and 2011 (dollars in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Other income:
Interest income	$	77		$	89		$	184		$	219
Investment gains — net	—			268			—			1,418
Miscellaneous	941			876			1,344			1,574
Total other income	$	1,018		$	1,233		$	1,528		$	3,211
Other expense:
Non-operating costs (a)	$	(2,941	)	$	(2,400	)	$	(4,682	)	$	(4,214	)
Asset dispositions	(195		)	—			(418		)	(823		)
Miscellaneous	(857		)	(2,251		)	(3,517		)	(3,206		)
Total other expense	$	(3,993	)	$	(4,651	)	$	(8,617	)	$	(8,243	)

(a)As defined by the FERC, includes below-the-line non-operating utility expense (items excluded from utility rate recovery).