APS 2012 Annual Report Download - page 147
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PINNACLE WEST CAPITAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
122
proportional consolidation. The following table shows APS’s interests in those jointly-owned facilities
recorded on the Consolidated Balance Sheets at December 31, 2012 (dollars in thousands):
Percent
Owned
Plant in
Service
Accumulated
Depreciation
Construction
Work in
Progress
Generating facilities:
Palo Verde Units 1 and 3
29.1%
$ 1,717,970
$ 1,006,615
$ 15,122
Palo Verde Unit 2 (a)
16.8%
555,132
324,063
4,125
Palo Verde Common
28.0% (b)
516,950
223,632
83,365
Palo Verde Sale Leaseback
(a)
351,050
222,055
--
Four Corners Units 4 and 5
15.0%
167,390
36,311
3,040
Four Corners Common
38.4% (b)
58,810
17,930
1,512
Navajo Generating Station
Units 1, 2 and 3
14.0%
269,792
141,914
2,368
Cholla common facilities (c)
63.3% (b)
146,571
43,815
1,680
Transmission facilities:
ANPP 500kV System
33.3% (b)
82,490
31,511
1,607
Navajo Southern System
22.2% (b)
55,427
15,815
561
Palo Verde – Yuma 500kV
System
18.3% (b)
11,761
4,493
797
Four Corners Switchyards
37.0% (b)
20,874
6,033
1,466
Phoenix – Mead System
17.1% (b)
39,772
11,553
--
Palo Verde – Estrella 500kV
System
50.0% (b)
85,643
13,309
4,137
Morgan – Pinnacle Peak
System
64.1% (b)
133,073
3,751
331
Round Valley System
50.0% (b)
488
261
--
(a) See Note 20.
(b) Weighted-average of interests.
(c) PacifiCorp owns Cholla Unit 4 and APS operates the unit for PacifiCorp. The common
facilities at Cholla are jointly-owned.
11. Commitments and Contingencies
Palo Verde Nuclear Generating Station
Spent Nuclear Fuel and Waste Disposal
On December 19, 2012, APS, acting on behalf of itself and the participant owners of Palo
Verde, filed a breach of contract lawsuit against the DOE in the U.S. Court of Federal Claims. The
lawsuit seeks to recover APS’s damages incurred due to DOE’s breach of the Standard Contract for
failing to accept Palo Verde spent nuclear fuel and high level waste from January 1, 2007 through
June 30, 2011, as it was required to do pursuant to the terms of the Standard Contract and the Nuclear
Waste Policy Act.