2024 Q1 Form 10-K Financial Statement

#000076462224000016 Filed on February 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $951.7M $991.6M $4.696B
YoY Change 0.72% -1.76% 8.59%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $226.4M $217.9M $854.1M
YoY Change 8.45% 6.37% 4.44%
% of Gross Profit
Operating Expenses $884.9M $917.2M $3.871B
YoY Change -1.04% -5.69% 7.76%
Operating Profit $66.79M $824.6M
YoY Change 31.7% 12.67%
Interest Expense $86.63M -$69.29M $331.3M
YoY Change 14.9% -2.07% 29.66%
% of Operating Profit 129.71% 40.18%
Other Income/Expense, Net $44.90M $2.197M $102.4M
YoY Change 67.09% -60.51% 3.12%
Pretax Income $25.06M $7.070M $595.7M
YoY Change 1043.2% -124.86% 3.48%
Income Tax $3.891M $2.787M $76.91M
% Of Pretax Income 15.53% 39.42% 12.91%
Net Earnings $21.17M -$23.00K $518.8M
YoY Change 1997.92% -99.9% 3.59%
Net Earnings / Revenue 2.22% 0.0% 11.05%
Basic Earnings Per Share $0.15 $4.42
Diluted Earnings Per Share $0.15 $0.00 $4.41
COMMON SHARES
Basic Shares Outstanding 113.4M shares 113.4M shares 113.4M shares
Diluted Shares Outstanding 114.2M shares 113.8M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.634M $4.955M $4.955M
YoY Change 38.6% 2.55% 2.55%
Cash & Equivalents $9.634M $4.955M $4.955M
Short-Term Investments
Other Short-Term Assets $131.3M $101.4M $936.7M
YoY Change 69.25% 68.77% 9.99%
Inventory $489.2M $493.5M $493.5M
Prepaid Expenses
Receivables $406.5M $491.5M $491.5M
Other Receivables $0.00 $332.0K $332.0K
Total Short-Term Assets $1.782B $1.927B $1.927B
YoY Change 1.92% 10.08% 10.08%
LONG-TERM ASSETS
Property, Plant & Equipment $15.87B $15.80B $19.02B
YoY Change 9.04% 8.82% 9.35%
Goodwill
YoY Change
Intangibles $512.9M $267.1M
YoY Change 96.92% 3.18%
Long-Term Investments
YoY Change
Other Assets $106.8M $102.8M $3.444B
YoY Change -27.54% -18.16% 3.84%
Total Long-Term Assets $23.07B $22.73B $22.73B
YoY Change 5.65% 8.4% 8.4%
TOTAL ASSETS
Total Short-Term Assets $1.782B $1.927B $1.927B
Total Long-Term Assets $23.07B $22.73B $22.73B
Total Assets $24.85B $24.66B $24.66B
YoY Change 5.37% 8.53% 8.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $476.6M $442.5M $442.5M
YoY Change 31.88% 2.79% 2.79%
Accrued Expenses $143.1M $140.8M $140.8M
YoY Change 4.24% -15.4% -15.4%
Deferred Revenue $42.06M $42.04M
YoY Change 2.12% 0.64%
Short-Term Debt $793.5M $609.5M $609.5M
YoY Change 59.48% 78.89% 78.89%
Long-Term Debt Due $875.0M $875.0M $875.0M
YoY Change 1338.65% 1626.35% 1626.35%
Total Short-Term Liabilities $3.056B $2.889B $2.889B
YoY Change 77.22% 63.97% 63.97%
LONG-TERM LIABILITIES
Long-Term Debt $7.542B $7.541B $7.541B
YoY Change -4.73% -2.59% -2.59%
Other Long-Term Liabilities $248.8M $251.5M $5.272B
YoY Change -3.04% -0.27% 17.29%
Total Long-Term Liabilities $7.791B $7.792B $12.81B
YoY Change -4.68% -2.52% 4.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.056B $2.889B $2.889B
Total Long-Term Liabilities $7.791B $7.792B $12.81B
Total Liabilities $10.85B $10.68B $18.48B
YoY Change 9.59% 9.49% 10.85%
SHAREHOLDERS EQUITY
Retained Earnings $3.483B $3.466B
YoY Change 3.76% 3.15%
Common Stock $2.758B $2.753B
YoY Change 0.98% 1.03%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.073M $8.185M
YoY Change 21.77% 63.54%
Treasury Stock Shares
Shareholders Equity $6.199B $6.178B $6.178B
YoY Change
Total Liabilities & Shareholders Equity $24.85B $24.66B $24.66B
YoY Change 5.37% 8.53% 8.53%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $21.17M -$23.00K $518.8M
YoY Change 1997.92% -99.9% 3.59%
Depreciation, Depletion And Amortization $226.4M $217.9M $854.1M
YoY Change 8.45% 6.37% 4.44%
Cash From Operating Activities $347.4M $373.8M $1.208B
YoY Change 64.15% 78.4% -2.72%
INVESTING ACTIVITIES
Capital Expenditures $517.8M $531.8M $1.846B
YoY Change 16.3% 23.5% 8.13%
Acquisitions
YoY Change
Other Investing Activities $939.0K $73.50M $6.458M
YoY Change -95.29% 113.17% -58.63%
Cash From Investing Activities -$424.1M -$458.3M -$1.694B
YoY Change -6.43% 15.7% 4.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$4.093M
YoY Change 54.28%
Debt Paid & Issued, Net $32.74M
YoY Change -78.17%
Cash From Financing Activities $81.42M 74.39M $486.7M
YoY Change -66.6% -59.66% 31.01%
NET CHANGE
Cash From Operating Activities $347.4M 373.8M $1.208B
Cash From Investing Activities -$424.1M -458.3M -$1.694B
Cash From Financing Activities $81.42M 74.39M $486.7M
Net Change In Cash $4.679M -10.15M $123.0K
YoY Change 120.81% 361.5% -102.39%
FREE CASH FLOW
Cash From Operating Activities $347.4M $373.8M $1.208B
Capital Expenditures $517.8M $531.8M $1.846B
Free Cash Flow -$170.4M -$158.0M -$638.7M
YoY Change -27.04% -28.52% 37.04%

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28030000 usd
CY2021 us-gaap Public Utilities Allowance For Funds Used During Construction Additions
PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
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331323000 usd
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InterestExpense
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CY2021 us-gaap Interest Expense
InterestExpense
233262000 usd
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IncomeLossIncludingPortionAttributableToNoncontrollingInterest
595693000 usd
CY2022 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
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IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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518781000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
500826000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
635944000 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
17224000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
17224000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
17224000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
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501557000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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483602000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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618720000 usd
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113442000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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4.42
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4.41
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4.26
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ProfitLoss
518781000 usd
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ProfitLoss
500826000 usd
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ProfitLoss
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713000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
1873000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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1095000 usd
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499848000 usd
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4955000 usd
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635944000 usd
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-615000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-360000 usd
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
713000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
1873000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
1095000 usd
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CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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NetIncomeLossAttributableToNoncontrollingInterest
17224000 usd
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ComprehensiveIncomeNetOfTax
499848000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
507028000 usd
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CashAndCashEquivalentsAtCarryingValue
4955000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4832000 usd
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513892000 usd
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167553000 usd
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164764000 usd
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AllowanceForDoubtfulAccountsReceivableCurrent
22433000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
23778000 usd
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OtherInventorySupplies
444344000 usd
CY2022Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
410481000 usd
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IncomeTaxesReceivable
332000 usd
CY2023Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
6808000 usd
CY2023Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
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35139000 usd
CY2023Q4 pnw Deferred Fuel And Purchased Power Regulatory Asset Current
DeferredFuelAndPurchasedPowerRegulatoryAssetCurrent
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101417000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
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1201246000 usd
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CoalReclamationandUnionTrust
362781000 usd
CY2022Q4 pnw Coal Reclamationand Union Trust
CoalReclamationandUnionTrust
347231000 usd
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102845000 usd
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264624000 usd
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FiniteLivedIntangibleAssetsAccumulatedAmortization
817961000 usd
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258880000 usd
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AccumulatedAmortizationOnNuclearFuel
118074000 usd
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AccumulatedAmortizationOnNuclearFuel
126157000 usd
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NuclearFuelNetOfAmortization
99490000 usd
CY2022Q4 us-gaap Nuclear Fuel Net Of Amortization
NuclearFuelNetOfAmortization
100119000 usd
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PublicUtilitiesPropertyPlantAndEquipmentNet
17980157000 usd
CY2022Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
16854354000 usd
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RegulatoryAssetsNoncurrent
1390279000 usd
CY2022Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
1283221000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
453209000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
167553000 usd
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ContractWithCustomerAssetNetCurrent
164764000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
22433000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
23778000 usd
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OtherInventorySupplies
444344000 usd
CY2022Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
410481000 usd
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EnergyRelatedInventoryOtherFossilFuel
49203000 usd
CY2022Q4 us-gaap Energy Related Inventory Other Fossil Fuel
EnergyRelatedInventoryOtherFossilFuel
40155000 usd
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IncomeTaxesReceivable
332000 usd
CY2023Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
6808000 usd
CY2022Q4 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
87835000 usd
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AssetsHeldForSaleNotPartOfDisposalGroupCurrent
35139000 usd
CY2022Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
0 usd
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DeferredFuelAndPurchasedPowerRegulatoryAssetCurrent
463195000 usd
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OtherRegulatoryAssetsCurrent
162562000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
101417000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
1926967000 usd
CY2023Q4 us-gaap Decommissioning Trust Assets Amount
DecommissioningTrustAssetsAmount
1201246000 usd
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CoalReclamationandUnionTrust
362781000 usd
CY2022Q4 pnw Coal Reclamationand Union Trust
CoalReclamationandUnionTrust
347231000 usd
CY2023Q4 us-gaap Credit Risk Derivative Assets At Fair Value
CreditRiskDerivativeAssetsAtFairValue
0 usd
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OtherAssetsNoncurrent
102845000 usd
CY2023Q4 pnw Total Investments And Other Assets
TotalInvestmentsAndOtherAssets
1666872000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
24211167000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8408040000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15803127000 usd
CY2023Q4 pnw Construction Work In Progress Gross
ConstructionWorkInProgressGross
1724004000 usd
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SaleLeasebackTransactionAccumulatedDepreciation
264624000 usd
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SaleLeasebackTransactionAccumulatedDepreciation
260754000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
885505000 usd
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FiniteLivedIntangibleAssetsAccumulatedAmortization
817961000 usd
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IntangibleAssetsNetExcludingGoodwill
258880000 usd
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AccumulatedAmortizationOnNuclearFuel
118074000 usd
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AccumulatedAmortizationOnNuclearFuel
126157000 usd
CY2023Q4 us-gaap Nuclear Fuel Net Of Amortization
NuclearFuelNetOfAmortization
99490000 usd
CY2022Q4 us-gaap Nuclear Fuel Net Of Amortization
NuclearFuelNetOfAmortization
100119000 usd
CY2023Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
17980157000 usd
CY2022Q4 us-gaap Public Utilities Property Plant And Equipment Net
PublicUtilitiesPropertyPlantAndEquipmentNet
16854354000 usd
CY2023Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
1390279000 usd
CY2022Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
1283221000 usd
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OperatingLeaseRightOfUseAsset
1309975000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
801688000 usd
CY2023Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
323438000 usd
CY2022Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
396599000 usd
CY2023Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
63465000 usd
CY2022Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
46282000 usd
CY2023Q4 pnw Total Deferred Debits
TotalDeferredDebits
3087157000 usd
CY2022Q4 pnw Total Deferred Debits
TotalDeferredDebits
2527790000 usd
CY2023Q4 us-gaap Assets
Assets
24661153000 usd
CY2022Q4 us-gaap Assets
Assets
22723405000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
442455000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1309975000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
801688000 usd
CY2023Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
323438000 usd
CY2022Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
396599000 usd
CY2023Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
63465000 usd
CY2022Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
46282000 usd
CY2023Q4 pnw Total Deferred Debits
TotalDeferredDebits
3087157000 usd
CY2022Q4 pnw Total Deferred Debits
TotalDeferredDebits
2527790000 usd
CY2023Q4 us-gaap Assets
Assets
24661153000 usd
CY2022Q4 us-gaap Assets
Assets
22723405000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
442455000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
430425000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
166833000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
164440000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
72916000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
61217000 usd
CY2023Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
99813000 usd
CY2022Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
97895000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
609500000 usd
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OtherLongTermDebtCurrent
875000000 usd
CY2022Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
50685000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
42037000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
41769000 usd
CY2023Q4 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
80913000 usd
CY2022Q4 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
37697000 usd
CY2023Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
28550000 usd
CY2022Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
12232000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
67883000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
105210000 usd
CY2023Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
209923000 usd
CY2022Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
271575000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
193524000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
148276000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2889347000 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1762141000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
2416480000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
2384421000 usd
CY2023Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
1965865000 usd
CY2022Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
2061776000 usd
CY2023Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
937451000 usd
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
785530000 usd
CY2023Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
112702000 usd
CY2022Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
116286000 usd
CY2023Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
42975000 usd
CY2022Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
4749000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
533580000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
422103000 usd
CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
184007000 usd
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
179255000 usd
CY2023Q4 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
257743000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
430425000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
166833000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
164440000 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
72916000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
61217000 usd
CY2023Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
99813000 usd
CY2022Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
97895000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
609500000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
340720000 usd
CY2023Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
875000000 usd
CY2022Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
50685000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
42037000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
41769000 usd
CY2023Q4 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
80913000 usd
CY2022Q4 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
37697000 usd
CY2023Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
28550000 usd
CY2022Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
12232000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
67883000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
105210000 usd
CY2023Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
209923000 usd
CY2022Q4 us-gaap Regulatory Liability Current
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:700;line-height:120%">Accounting Records and Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%"> </span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">Our accounting records are maintained in accordance with accounting principles generally accepted in the United States of America (“GAAP”).  The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period.  Actual results could differ from </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">those estimates. To conform with the current year’s disaggregated presentation of significant changes in assets and liabilities and the aggregation of less significant changes in assets and liabilities, we made certain reclassifications for the year ended December 31, 2022, within the operating activities section of our Consolidated Statements of Cash Flows.</span></div>
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:700;line-height:120%">Accounting Records and Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%"> </span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">Our accounting records are maintained in accordance with accounting principles generally accepted in the United States of America (“GAAP”).  The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period.  Actual results could differ from </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:400;line-height:120%">those estimates. To conform with the current year’s disaggregated presentation of significant changes in assets and liabilities and the aggregation of less significant changes in assets and liabilities, we made certain reclassifications for the year ended December 31, 2022, within the operating activities section of our Consolidated Statements of Cash Flows.</span></div>
CY2023 us-gaap Amortization Of Intangible Assets
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CY2022 us-gaap Amortization Of Intangible Assets
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CY2021 us-gaap Amortization Of Intangible Assets
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CY2023 us-gaap Cost Of Goods And Services Sold Depreciation
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CY2022 us-gaap Cost Of Goods And Services Sold Depreciation
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CY2021 us-gaap Cost Of Goods And Services Sold Depreciation
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CY2023 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
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0.0298
CY2022 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
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0.0303
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0.0287
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0.0298
CY2022 us-gaap Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
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CY2022 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
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CY2021 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
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CY2021 us-gaap Amortization Of Intangible Assets
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CY2023 us-gaap Amortization Of Intangible Assets
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CY2023 us-gaap Public Utilities Allowance For Funds Used During Construction Rate
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CY2023 pnw Income Tax Percentage Likelihood Largest Tax Benefit Amountis Realized
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CY2022 us-gaap Income Taxes Paid Net
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CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
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CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
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CY2023 pnw Income Tax Percentage Likelihood Largest Tax Benefit Amountis Realized
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CY2021 us-gaap Income Taxes Paid Net
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CY2023 pnw Regulatory Cost Recovery Revenue
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CY2022 pnw Regulatory Cost Recovery Revenue
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
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CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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45655000 usd
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2023Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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CY2022Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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981003000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2572495000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
2518164000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
1682000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
32648000 usd
CY2023Q4 pnw Deferred Tax Liabilities Pension And Other Postretirement Assets
DeferredTaxLiabilitiesPensionAndOtherPostretirementAssets
78853000 usd
CY2022Q4 pnw Deferred Tax Liabilities Pension And Other Postretirement Assets
DeferredTaxLiabilitiesPensionAndOtherPostretirementAssets
96845000 usd
CY2023Q4 pnw Deferred Tax Liabilities Other Special Use Funds
DeferredTaxLiabilitiesOtherSpecialUseFunds
56550000 usd
CY2022Q4 pnw Deferred Tax Liabilities Other Special Use Funds
DeferredTaxLiabilitiesOtherSpecialUseFunds
57572000 usd
CY2023Q4 pnw Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
316067000 usd
CY2022Q4 pnw Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
184030000 usd
CY2023Q4 pnw Deferred Tax Liabilities Regulatory Assets Allowance For Equity Funds Used During Construction
DeferredTaxLiabilitiesRegulatoryAssetsAllowanceForEquityFundsUsedDuringConstruction
46754000 usd
CY2022Q4 pnw Deferred Tax Liabilities Regulatory Assets Allowance For Equity Funds Used During Construction
DeferredTaxLiabilitiesRegulatoryAssetsAllowanceForEquityFundsUsedDuringConstruction
44405000 usd
CY2023Q4 pnw Deferred Tax Liabilities Regulatory Assets Deferred Fuel And Purchased Power Mark To Market
DeferredTaxLiabilitiesRegulatoryAssetsDeferredFuelAndPurchasedPowerMarkToMarket
149078000 usd
CY2022Q4 pnw Deferred Tax Liabilities Regulatory Assets Deferred Fuel And Purchased Power Mark To Market
DeferredTaxLiabilitiesRegulatoryAssetsDeferredFuelAndPurchasedPowerMarkToMarket
114232000 usd
CY2023Q4 pnw Deferred Tax Liabilities Regulatory Assets Pension And Other Postretirement Benefits
DeferredTaxLiabilitiesRegulatoryAssetsPensionAndOtherPostretirementBenefits
172239000 usd
CY2023Q4 pnw Deferred Tax Liabilities Regulatory Assets Retired Power Plan Costs
DeferredTaxLiabilitiesRegulatoryAssetsRetiredPowerPlanCosts
20659000 usd
CY2022Q4 pnw Deferred Tax Liabilities Regulatory Assets Retired Power Plan Costs
DeferredTaxLiabilitiesRegulatoryAssetsRetiredPowerPlanCosts
24397000 usd
CY2022Q4 pnw Deferred Tax Liabilities Regulatory Assets Other
DeferredTaxLiabilitiesRegulatoryAssetsOther
103023000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
36107000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
32479000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3542744000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3365424000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2416480000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2384421000 usd
CY2023 pnw Increase Decrease In Deferred Income Taxes Due To Regulation Adoption
IncreaseDecreaseInDeferredIncomeTaxesDueToRegulationAdoption
-12000000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7540622000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7741286000 usd
CY2023Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
8415622000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
7555653000 usd
CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
7791971000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
6585701000 usd
CY2022Q4 pnw Defined Benefit Plan Accumulated Benefit Obligation Funded Percentage
DefinedBenefitPlanAccumulatedBenefitObligationFundedPercentage
1
CY2023Q4 pnw Defined Benefit Plan Accumulated Benefit Obligation Funded Percentage
DefinedBenefitPlanAccumulatedBenefitObligationFundedPercentage
1
CY2022Q4 pnw Defined Benefit Plan Accumulated Benefit Obligation Funded Percentage
DefinedBenefitPlanAccumulatedBenefitObligationFundedPercentage
1
CY2023Q4 pnw Defined Benefit Plan Accumulated Benefit Obligation Funded Percentage
DefinedBenefitPlanAccumulatedBenefitObligationFundedPercentage
1
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostWeightedAverageInterestCreditingRate
0.0450
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostWeightedAverageInterestCreditingRate
0.0450
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostWeightedAverageInterestCreditingRate
0.0450
CY2023Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
8415622000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
7555653000 usd
CY2022Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
7791971000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
6585701000 usd
CY2022Q4 pnw Defined Benefit Plan Accumulated Benefit Obligation Funded Percentage
DefinedBenefitPlanAccumulatedBenefitObligationFundedPercentage
1
CY2023Q4 pnw Defined Benefit Plan Accumulated Benefit Obligation Funded Percentage
DefinedBenefitPlanAccumulatedBenefitObligationFundedPercentage
1
CY2022Q4 pnw Defined Benefit Plan Accumulated Benefit Obligation Funded Percentage
DefinedBenefitPlanAccumulatedBenefitObligationFundedPercentage
1
CY2023Q4 pnw Defined Benefit Plan Accumulated Benefit Obligation Funded Percentage
DefinedBenefitPlanAccumulatedBenefitObligationFundedPercentage
1
CY2023Q4 pnw Defined Benefit Plan Partnership Funding Commitments Maximum Contribution Amount
DefinedBenefitPlanPartnershipFundingCommitmentsMaximumContributionAmount
50000000 usd
CY2023 pnw Defined Benefit Plan Partnership Funding Commitments Funded Amount
DefinedBenefitPlanPartnershipFundingCommitmentsFundedAmount
38000000 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
15357000 usd
CY2023Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.0452
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.0457
CY2023Q4 pnw Defined Benefit Plan Pre65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Obligation
DefinedBenefitPlanPre65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitObligation
0.0625
CY2022Q4 pnw Defined Benefit Plan Pre65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Obligation
DefinedBenefitPlanPre65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitObligation
0.0650
CY2023 pnw Defined Benefit Plan Pre65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPre65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0650
CY2022 pnw Defined Benefit Plan Pre65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPre65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0600
CY2021 pnw Defined Benefit Plan Pre65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPre65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0650
CY2023Q4 pnw Defined Benefit Plan Ultimate Health Care Cost Trend Rateusedin Calculating Benefit Obligations
DefinedBenefitPlanUltimateHealthCareCostTrendRateusedinCalculatingBenefitObligations
0.0475
CY2022Q4 pnw Defined Benefit Plan Ultimate Health Care Cost Trend Rateusedin Calculating Benefit Obligations
DefinedBenefitPlanUltimateHealthCareCostTrendRateusedinCalculatingBenefitObligations
0.0475
CY2023Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0475
CY2022Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0475
CY2021Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0475
CY2023 pnw Defined Benefit Plan Pre65 Participant Periodafterwhich Rate Reaches Ultimate Trend Rateusedin Calculating Benefit Obligations
DefinedBenefitPlanPre65ParticipantPeriodafterwhichRateReachesUltimateTrendRateusedinCalculatingBenefitObligations
P5Y
CY2022 pnw Defined Benefit Plan Pre65 Participant Periodafterwhich Rate Reaches Ultimate Trend Rateusedin Calculating Benefit Obligations
DefinedBenefitPlanPre65ParticipantPeriodafterwhichRateReachesUltimateTrendRateusedinCalculatingBenefitObligations
P6Y
CY2023 pnw Defined Benefit Plan Pre65 Participant Periodafterwhich Rate Reaches Ultimate Trend Rateusedin Calculating Benefit Costs
DefinedBenefitPlanPre65ParticipantPeriodafterwhichRateReachesUltimateTrendRateusedinCalculatingBenefitCosts
P5Y
CY2022 pnw Defined Benefit Plan Pre65 Participant Periodafterwhich Rate Reaches Ultimate Trend Rateusedin Calculating Benefit Costs
DefinedBenefitPlanPre65ParticipantPeriodafterwhichRateReachesUltimateTrendRateusedinCalculatingBenefitCosts
P3Y
CY2021 pnw Defined Benefit Plan Pre65 Participant Periodafterwhich Rate Reaches Ultimate Trend Rateusedin Calculating Benefit Costs
DefinedBenefitPlanPre65ParticipantPeriodafterwhichRateReachesUltimateTrendRateusedinCalculatingBenefitCosts
P4Y
CY2023Q4 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Obligation
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitObligation
0.0200
CY2022Q4 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Obligation
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitObligation
0.0200
CY2023 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0200
CY2022 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0200
CY2021 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0200
CY2023Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationWeightedAverageInterestCreditingRate
0.0454
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationWeightedAverageInterestCreditingRate
0.0450
CY2023Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.0452
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.0457
CY2023Q4 pnw Defined Benefit Plan Pre65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Obligation
DefinedBenefitPlanPre65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitObligation
0.0625
CY2022Q4 pnw Defined Benefit Plan Pre65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Obligation
DefinedBenefitPlanPre65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitObligation
0.0650
CY2023 pnw Defined Benefit Plan Pre65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPre65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0650
CY2022 pnw Defined Benefit Plan Pre65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPre65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0600
CY2021 pnw Defined Benefit Plan Pre65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPre65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0650
CY2023Q4 pnw Defined Benefit Plan Ultimate Health Care Cost Trend Rateusedin Calculating Benefit Obligations
DefinedBenefitPlanUltimateHealthCareCostTrendRateusedinCalculatingBenefitObligations
0.0475
CY2022Q4 pnw Defined Benefit Plan Ultimate Health Care Cost Trend Rateusedin Calculating Benefit Obligations
DefinedBenefitPlanUltimateHealthCareCostTrendRateusedinCalculatingBenefitObligations
0.0475
CY2023Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0475
CY2022Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0475
CY2021Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0475
CY2023 pnw Defined Benefit Plan Pre65 Participant Periodafterwhich Rate Reaches Ultimate Trend Rateusedin Calculating Benefit Obligations
DefinedBenefitPlanPre65ParticipantPeriodafterwhichRateReachesUltimateTrendRateusedinCalculatingBenefitObligations
P5Y
CY2022 pnw Defined Benefit Plan Pre65 Participant Periodafterwhich Rate Reaches Ultimate Trend Rateusedin Calculating Benefit Obligations
DefinedBenefitPlanPre65ParticipantPeriodafterwhichRateReachesUltimateTrendRateusedinCalculatingBenefitObligations
P6Y
CY2023 pnw Defined Benefit Plan Pre65 Participant Periodafterwhich Rate Reaches Ultimate Trend Rateusedin Calculating Benefit Costs
DefinedBenefitPlanPre65ParticipantPeriodafterwhichRateReachesUltimateTrendRateusedinCalculatingBenefitCosts
P5Y
CY2022 pnw Defined Benefit Plan Pre65 Participant Periodafterwhich Rate Reaches Ultimate Trend Rateusedin Calculating Benefit Costs
DefinedBenefitPlanPre65ParticipantPeriodafterwhichRateReachesUltimateTrendRateusedinCalculatingBenefitCosts
P3Y
CY2021 pnw Defined Benefit Plan Pre65 Participant Periodafterwhich Rate Reaches Ultimate Trend Rateusedin Calculating Benefit Costs
DefinedBenefitPlanPre65ParticipantPeriodafterwhichRateReachesUltimateTrendRateusedinCalculatingBenefitCosts
P4Y
CY2023Q4 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Obligation
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitObligation
0.0200
CY2022Q4 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Obligation
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitObligation
0.0200
CY2023 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0200
CY2022 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0200
CY2021 pnw Defined Benefit Plan Post65 Health Care Cost Trend Rate Assumedfor Next Fiscal Year Usedin Calculating Benefit Costs
DefinedBenefitPlanPost65HealthCareCostTrendRateAssumedforNextFiscalYearUsedinCalculatingBenefitCosts
0.0200
CY2023Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationWeightedAverageInterestCreditingRate
0.0454
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationWeightedAverageInterestCreditingRate
0.0450
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostWeightedAverageInterestCreditingRate
0.0450
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostWeightedAverageInterestCreditingRate
0.0450
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostWeightedAverageInterestCreditingRate
0.0450
CY2023Q4 pnw Defined Benefit Plan Partnership Funding Commitments Maximum Contribution Amount
DefinedBenefitPlanPartnershipFundingCommitmentsMaximumContributionAmount
50000000 usd
CY2023 pnw Defined Benefit Plan Partnership Funding Commitments Funded Amount
DefinedBenefitPlanPartnershipFundingCommitmentsFundedAmount
38000000 usd
CY2023Q4 pnw Number Of Lease Agreements Lease And Sell Back
NumberOfLeaseAgreementsLeaseAndSellBack
3 lease
CY2023Q1 pnw Number Of Purchase Power Operating Lease Agreements
NumberOfPurchasePowerOperatingLeaseAgreements
2 agreement
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
145890000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
122062000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
135007000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
122040000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
118969000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
21530000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
9928000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3872000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
122951000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
137116000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
148518000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
172344000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
173811000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
899903000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1654643000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
376571000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1278072000 usd
CY2023Q4 pnw Lease Notyet Commenced Liability Leaseand Nonlease Payments
LeaseNotyetCommencedLiabilityLeaseandNonleasePayments
7100000000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
123472000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
118463000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
116661000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
602301000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
500582000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0453
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0221
CY2023Q1 pnw Number Of Purchase Power Operating Lease Agreements
NumberOfPurchasePowerOperatingLeaseAgreements
2 agreement
CY2023Q4 pnw Number Of Lease Agreements Lease And Sell Back
NumberOfLeaseAgreementsLeaseAndSellBack
3 lease
CY2023Q1 pnw Number Of Purchase Power Operating Lease Agreements
NumberOfPurchasePowerOperatingLeaseAgreements
2 agreement
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
145890000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
122062000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
124260000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
135007000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
122040000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
118969000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
21530000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
9928000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3872000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
122951000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
137116000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
148518000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
172344000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
173811000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
899903000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1654643000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
376571000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1278072000 usd
CY2023Q4 pnw Lease Notyet Commenced Liability Leaseand Nonlease Payments
LeaseNotyetCommencedLiabilityLeaseandNonleasePayments
7100000000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
123472000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
118463000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
602301000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16990000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
500582000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0453
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0221
CY2023Q1 pnw Number Of Purchase Power Operating Lease Agreements
NumberOfPurchasePowerOperatingLeaseAgreements
2 agreement
CY2022Q4 pnw Special Use Fund Investments Other Net Fair Value Pending Salesand Purchases
SpecialUseFundInvestmentsOtherNetFairValuePendingSalesandPurchases
963000 usd
CY2022Q4 pnw Special Use Fund Investments Other Gross Fair Value
SpecialUseFundInvestmentsOtherGrossFairValue
347231000 usd
CY2022Q4 pnw Assets Fair Value Gross Liabilityand Net Pending Securities Salesand Purchases
AssetsFairValueGrossLiabilityandNetPendingSecuritiesSalesandPurchases
456209000 usd
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