APS 2013 Annual Report Download - page 123

Table of Contents
PINNACLE WEST CAPITAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The fair value of Pinnacle West’s pension plan and other postretirement benefit plan assets at December 31, 2013, by asset category, are as follows
(dollars in thousands):
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3) Other (c)
Balance at
December 31,
2013
Pension Plan:
Assets:
Cash and cash equivalents $504 $ — $ — $ — $ 504
Fixed Income Securities:
Corporate —898,621 — — 898,621
U.S. Treasury 231,590 — — — 231,590
Other (b) —84,011 — — 84,011
Equities:
U.S. Companies 239,036 — — — 239,036
International Companies 19,429 — — — 19,429
Common and collective trusts:
U.S. Equities —116,150 — — 116,150
International Equities —367,551 — — 367,551
Fixed Income 137,520 137,520
Real estate —119,739 — — 119,739
Short-term investments and other —41,060 8,660(a) 250 49,970
Total Pension Plan $490,559 $1,764,652 $8,660 $ 250 $ 2,264,121
Other Benefits:
Assets:
Fixed Income Securities:
Corporate $ — $ 153,888 $ — $ — $ 153,888
U.S. Treasury 98,704 — — — 98,704
Other (b) —27,936 — — 27,936
Equities:
U.S. Companies 252,181 — — — 252,181
International Companies 20,892 — — — 20,892
Common and collective trusts:
U.S. Equities —80,751 — — 80,751
International Equities —92,382 — — 92,382
Real Estate —10,761 — — 10,761
Short-term investments and other —8,414 —2,430 10,844
Total Other Benefits $ 371,777 $ 374,132 $ — $2,430 $748,339
(a) Represents investments in a partnership that invests in privately held portfolio companies.
(b) This category consists primarily of debt securities issued by municipalities.
(c) Represents plan receivables and payables.
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