APS 2013 Annual Report Download - page 29

Table of Contents
El Dorado
El Dorado owns minority interests in several energy-related investments and Arizona community-based ventures. El Dorado’s short-term goal is to
prudently realize the value of its existing investments. As of December 31, 2013, El Dorado had total assets of $15 million.
SunCor
In February 2012, our other first-tier subsidiary, SunCor, filed for protection under the United States Bankruptcy Code to complete an orderly
liquidation of its business. On March 25, 2013, the bankruptcy plan submitted to the court and agreed to by SunCor and its creditors (the “Joint Plan”)
became effective. The Joint Plan provides for the full release of Pinnacle West and its affiliates from any and all claims related to SunCor, SunCor’s
subsidiaries, and their respective estates. SunCor and its subsidiaries are in the process of being formally dissolved.
OTHER INFORMATION
Pinnacle West, APS and El Dorado are all incorporated in the State of Arizona. Additional information for each of these companies is provided
below:
Principal Executive Office
Address
Year of
Incorporation
Approximate
Number of
Employees at
December 31, 2013
Pinnacle West 400 North Fifth Street
Phoenix, AZ 85004
1985 81
APS 400 North Fifth Street
P.O. Box 53999
Phoenix, AZ 85072-3999
1920 6,352
El Dorado 400 North Fifth Street
Phoenix, AZ 85004
1983 —
Total 6,433
The APS number includes employees at jointly-owned generating facilities (approximately 2,865 employees) for which APS serves as the generating
facility manager. Approximately 1,797 APS employees are union employees. APS entered into a three-year collective bargaining agreement with union
employees in the fossil generation, energy delivery and customer service business areas that expires in April 2014. The Company is currently engaged in
discussions with union representatives to enter into an extension of the current agreement. In January 2013, the Palo Verde security officers voted to change
their collective bargaining representative from the Security, Police and Fire Professionals of America to the United Security Professionals of America
(“USPA”), and the National Labor Relations Board certified the results. The Company is currently engaged in negotiations with the USPA over the terms of a
new collective bargaining agreement.
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