Other Income and Other Expense (APSC)

9 Months Ended

Sep. 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 nine months ended September 30, 2012 and 2011 (dollars in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Other income:
Interest income	$	307		$	429		$	1,018		$	1,364
Investment gains — net	—			—			—			1,249
Miscellaneous	113			12			339			17
Total other income	$	420		$	441		$	1,357		$	2,630
Other expense:
Non-operating costs	$	(1,645	)	$	(1,807	)	$	(5,885	)	$	(4,925	)
Investment losses — net	(2,254		)	(57		)	(2,366		)	—
Miscellaneous	(1,797		)	(1,188		)	(4,182		)	(2,996		)
Total other expense	$	(5,696	)	$	(3,052	)	$	(12,433	)	$	(7,921	)

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, 2012 and 2011 (dollars in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Other income:
Interest income	$	61		$	93		$	244		$	312
Investment gains – net	—			—			—			1,418
Miscellaneous	754			524			2,099			2,098
Total other income	$	815		$	617		$	2,343		$	3,828
Other expense:
Non-operating costs (a)	$	(2,007	)	$	(1,922	)	$	(6,690	)	$	(6,136	)
Asset dispositions	(248		)	(215		)	(666		)	(1,038		)
Miscellaneous	(1,097		)	(908		)	(4,613		)	(4,114		)
Total other expense	$	(3,352	)	$	(3,045	)	$	(11,969	)	$	(11,288	)

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