APS 2012 Annual Report Download - page 24

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TABLE OF CONTENTS
Page
GLOSSARY OF NAMES AND TECHNICAL TERMS ..................................................... 1
FORWARD-LOOKING STATEMENTS ............................................................................. 2
PART I ......................................................................................................................... 3
Item 1. Business ........................................................................................................... 3
Item 1A. Risk Factors ..................................................................................................... 27
Item 1B. Unresolved Staff Comments ............................................................................ 39
Item 2. Properties ......................................................................................................... 40
Item 3. Legal Proceedings ............................................................................................ 43
Item 4. Mine Safety Disclosures .................................................................................. 43
Executive Officers of Pinnacle West ............................................................................... 44
PART II ......................................................................................................................... 46
Item 5. Market for Registrants’ Common Equity, Related Stockholder Matters
and Issuer Purchases of Equity Securities ....................................................... 46
Item 6. Selected Financial Data ................................................................................... 48
Item 7. Management’s Discussion and Analysis of Financial Condition and Results
of Operations ................................................................................................... 50
Item 7A. Quantitative and Qualitative Disclosures about Market Risk. ......................... 76
Item 8. Financial Statements and Supplementary Data ............................................... 77
Item 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure .................................................................................. 175
Item 9A. Controls and Procedures .................................................................................. 175
Item 9B. Other Information ............................................................................................ 176
PART III ......................................................................................................................... 176
Item 10. Directors, Executive Officers and Corporate Governance of Pinnacle West .. 176
Item 11. Executive Compensation ................................................................................. 176
Item 12. Security Ownership of Certain Beneficial Owners and Management
and Related Stockholder Matters ..................................................................... 176
Item 13. Certain Relationships and Related Transactions, and Director Independence 178
Item 14. Principal Accountant Fees and Services .......................................................... 178
PART IV ......................................................................................................................... 179
Item 15. Exhibits and Financial Statement Schedules ................................................... 179
SIGNATURES ...................................................................................................................... 224
This combined Form 10-K is separately filed by Pinnacle West and APS. Each registrant is
filing on its own behalf all of the information contained in this Form 10-K that relates to such
registrant and, where required, its subsidiaries. Except as stated in the preceding sentence, neither
registrant is filing any information that does not relate to such registrant, and therefore makes no
representation as to any such information. The information required with respect to each company
is set forth within the applicable items. Item 8 of this report includes Consolidated Financial
Statements of Pinnacle West and Consolidated Financial Statements of APS. Item 8 also includes
Notes to Pinnacle West's Consolidated Financial Statements, the majority of which also relates to
APS, and Supplemental Notes, which only relate to APS’s Consolidated Financial Statements.