APS 2011 Annual Report Download - page 96
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72
Pinnacle West – Consolidated
Variable-Rate
Long-Term Debt
Fixed-Rate
Long-Term Debt
Interest Interest
2011 Rates Amount Rates Amount
2012 -- $ -- 6.41% $ 477,435
2013 -- -- 4.94% 122,828
2014 -- -- 5.91% 502,274
2015 1.79% 125,000 4.79% 313,420
2016 0.09% 43,580 4.98% 314,000
Years thereafter -- -- 6.49% 1,605,150
Total $ 168,580 $ 3,335,107
Fair value $ 167,018 $ 3,758,811
Short-Term Debt
Variable-Rate
Long-Term Debt
Fixed-Rate
Long-Term Debt
Interest Interest Interest
2010 Rates Amount Rates Amount Rates Amount
2011 0.84% $ 16,600 0.32% $ 26,710 6.32% $ 605,169
2012 -- -- -- -- 6.41% 477,435
2013 -- -- 0.32% 16,870 4.94% 122,828
2014 -- -- -- -- 5.91% 502,274
2015 -- -- -- -- 4.79% 313,420
Years thereafter -- -- -- -- 6.69% 1,619,150
Total
$ 16,600 $ 43,580 $ 3,640,276
Fair value $ 16,600 $ 43,580 $ 3,869,681
The tables below present contractual balances of APS’s long-term debt at the expected maturity
dates as well as the fair value of those instruments on December 31, 2011 and 2010. The interest rates
presented in the tables below represent the weighted-average interest rates as of December 31, 2011
and 2010 (dollars in thousands):