Annual Report — Form 10-K Filing Table of Contents
Document/ExhibitDescriptionPagesSize
1: 10-K Annual Report HTML 3.25M
2: EX-4.9 Instrument Defining the Rights of Security Holders HTML 63K
3: EX-10.4.4 Material Contract HTML 51K
4: EX-10.4.5A Material Contract HTML 47K
5: EX-10.4.5B Material Contract HTML 45K
6: EX-10.4.6 Material Contract HTML 58K
7: EX-10.4.7 Material Contract HTML 52K
8: EX-10.4.8 Material Contract HTML 51K
9: EX-10.6.4 Material Contract HTML 40K
10: EX-10.6.5K Material Contract HTML 77K
11: EX-10.6.5L Material Contract HTML 77K
12: EX-21.1 Subsidiaries List HTML 37K
13: EX-23.1 Consent of Expert or Counsel HTML 37K
14: EX-23.2 Consent of Expert or Counsel HTML 37K
15: EX-31.1 Certification -- §302 - SOA'02 HTML 43K
16: EX-31.2 Certification -- §302 - SOA'02 HTML 43K
17: EX-31.3 Certification -- §302 - SOA'02 HTML 43K
18: EX-31.4 Certification -- §302 - SOA'02 HTML 43K
19: EX-32.1 Certification -- §906 - SOA'02 HTML 41K
20: EX-32.2 Certification -- §906 - SOA'02 HTML 41K
27: R1 Cover Page HTML 115K
28: R2 Consolidated Statements of Income HTML 136K
29: R3 Consolidated Statements of Comprehensive Income HTML 74K
30: R4 Consolidated Statements of Comprehensive Income HTML 46K
(Parenthetical)
31: R5 Consolidated Balance Sheets HTML 254K
32: R6 Consolidated Balance Sheets (Parenthetical) HTML 56K
33: R7 Consolidated Statements of Cash Flows HTML 165K
34: R8 Consolidated Statements of Changes in Equity HTML 129K
35: R9 Consolidated Statements of Changes in Equity HTML 39K
(Parenthetical)
36: R10 Summary of Significant Accounting Policies HTML 123K
37: R11 Revenue HTML 71K
38: R12 New Accounting Standards HTML 49K
39: R13 Regulatory Matters HTML 258K
40: R14 Income Taxes HTML 225K
41: R15 Lines of Credit and Short-Term Borrowings HTML 58K
42: R16 Long-Term Debt and Liquidity Matters HTML 105K
43: R17 Retirement Plans and Other Postretirement Benefits HTML 311K
44: R18 Leases HTML 87K
45: R19 Jointly-Owned Facilities HTML 87K
46: R20 Commitments and Contingencies HTML 99K
47: R21 Asset Retirement Obligations HTML 50K
48: R22 Fair Value Measurements HTML 159K
49: R23 Earnings Per Share HTML 54K
50: R24 Stock-Based Compensation HTML 75K
51: R25 Derivative Accounting HTML 121K
52: R26 Other Income and Other Expense HTML 80K
53: R27 Palo Verde Sale Leaseback Variable Interest HTML 48K
Entities
54: R28 Investments in Nuclear Decommissioning Trusts and HTML 108K
Other Special Use Funds
55: R29 Changes in Accumulated Other Comprehensive Loss HTML 77K
56: R30 Schedule I - Condensed Financial Information of HTML 148K
Registrant
57: R31 Summary of Significant Accounting Policies HTML 141K
(Policies)
58: R32 Summary of Significant Accounting Policies HTML 80K
(Tables)
59: R33 Revenue (Tables) HTML 64K
60: R34 Regulatory Matters (Tables) HTML 162K
61: R35 Income Taxes (Tables) HTML 224K
62: R36 Lines of Credit and Short-Term Borrowings (Tables) HTML 54K
63: R37 Long-Term Debt and Liquidity Matters (Tables) HTML 103K
64: R38 Retirement Plans and Other Postretirement Benefits HTML 304K
(Tables)
65: R39 Leases (Tables) HTML 85K
66: R40 Jointly-Owned Facilities (Tables) HTML 88K
67: R41 Commitments and Contingencies (Tables) HTML 55K
68: R42 Asset Retirement Obligations (Tables) HTML 48K
69: R43 Fair Value Measurements (Tables) HTML 139K
70: R44 Earnings Per Share (Tables) HTML 54K
71: R45 Stock-Based Compensation (Tables) HTML 92K
72: R46 Derivative Accounting (Tables) HTML 168K
73: R47 Other Income and Other Expense (Tables) HTML 79K
74: R48 Palo Verde Sale Leaseback Variable Interest HTML 47K
Entities (Tables)
75: R49 Investments in Nuclear Decommissioning Trusts and HTML 107K
Other Special Use Funds (Tables)
76: R50 Changes in Accumulated Other Comprehensive Loss HTML 76K
(Tables)
77: R51 Summary of Significant Accounting Policies - HTML 121K
Additional Information (Details)
78: R52 Summary of Significant Accounting Policies - HTML 66K
Summary of Property, Plant and Equipment (Details)
79: R53 Summary of Significant Accounting Policies - HTML 62K
Supplemental Cash Flow Information (Details)
80: R54 Revenue - Sources of Revenue (Details) HTML 55K
81: R55 Revenue - Additional Information (Details) HTML 52K
82: R56 Revenue - Allowance for Doubtful Accounts HTML 45K
(Details)
83: R57 Regulatory Matters - Regulatory Matters - COVID-19 HTML 79K
(Details)
84: R58 Regulatory Matters - Retail Rate Case Filing HTML 136K
(Details)
85: R59 Regulatory Matters - Capital Structure and Costs HTML 52K
of Capital (Details)
86: R60 Regulatory Matters - Additional Information HTML 285K
(Details)
87: R61 Regulatory Matters - Deferred Fuel and Purchased HTML 50K
Power Regulatory Asset (Details)
88: R62 Regulatory Matters - Four Corners, Cholla and HTML 51K
Navajo Plant (Details)
89: R63 Regulatory Matters - Schedule of Regulatory Assets HTML 96K
(Details)
90: R64 Regulatory Matters - Schedule of Regulatory HTML 96K
Liabilities (Details)
91: R65 Income Taxes - Additional Information (Details) HTML 62K
92: R66 Income Taxes - Reconciliation of Unrecognized Tax HTML 59K
Benefits (Details)
93: R67 Income Taxes - Summary of Unrecognized Tax HTML 47K
Benefits (Details)
94: R68 Income Taxes - Components of Income Tax Expense HTML 64K
(Details)
95: R69 Income Taxes - Effective Tax Rate Reconciliation HTML 71K
(Details)
96: R70 Income Taxes - Components of Deferred Income Tax HTML 109K
Liability (Details)
97: R71 Lines of Credit and Short-Term Borrowings - HTML 57K
Schedule of Credit Facilities (Details)
98: R72 Lines of Credit and Short-Term Borrowings - HTML 104K
Additional Information (Details)
99: R73 Long-Term Debt and Liquidity Matters - Components HTML 100K
of Long-Term Debt (Details)
100: R74 Long-Term Debt and Liquidity Matters - Additional HTML 116K
Information (Details)
101: R75 Long-Term Debt and Liquidity Matters - Future HTML 61K
Principal Payments (Details)
102: R76 Long-Term Debt and Liquidity Matters - Fair Value HTML 46K
of Long-Term Debt (Details)
103: R77 Retirement Plans and Other Postretirement Benefits HTML 84K
- Additional Information (Details)
104: R78 Retirement Plans and Other Postretirement Benefits HTML 66K
- Net Periodic Benefit Costs and Portion including
Portion Charged to Expense (Details)
105: R79 Retirement Plans and Other Postretirement Benefits HTML 78K
- Changes Benefit Obligations and Funded Status
(Details)
106: R80 Retirement Plans and Other Postretirement Benefits HTML 49K
- Projected Benefit Obligation for Pension Plans
(Details)
107: R81 Retirement Plans and Other Postretirement Benefits HTML 56K
- Amounts Recognized on the Consolidated Balance
Sheets (Details)
108: R82 Retirement Plans and Other Postretirement Benefits HTML 55K
- Impact to Accumulated Other Comprehensive Loss
(Details)
109: R83 Retirement Plans and Other Postretirement Benefits HTML 80K
- Weighted-Average Assumptions for Pensions and
Other Benefits (Details)
110: R84 Retirement Plans and Other Postretirement Benefits HTML 61K
- Asset Allocation (Details)
111: R85 Retirement Plans and Other Postretirement Benefits HTML 118K
- Fair Value of Pinnacle West's Pension Plan
(Details)
112: R86 Retirement Plans and Other Postretirement Benefits HTML 55K
- Estimated Future Benefit Payments (Details)
113: R87 Leases - Additional information (Details) HTML 61K
114: R88 Leases - Lease costs (Details) HTML 53K
115: R89 Leases - Maturity of our operating lease HTML 66K
liabilities (Details)
116: R90 Leases - Other additional information related to HTML 47K
operating lease liabilities (Details)
117: R91 Jointly-Owned Facilities (Details) HTML 102K
118: R92 Commitments and Contingencies - Palo Verde Nuclear HTML 119K
Generating Station and Contractual Obligations
(Details)
119: R93 Commitments and Contingencies - Superfund-Related HTML 48K
Matters and Southwest Power Outage (Details)
120: R94 Commitments and Contingencies - Environmental HTML 105K
Matters and Financial Assurances (Details)
121: R95 Asset Retirement Obligations (Details) HTML 63K
122: R96 Fair Value Measurements - Fair Value of Assets and HTML 122K
Liabilities (Details)
123: R97 Fair Value Measurements - Additional Information HTML 48K
(Details)
124: R98 Earnings Per Share (Details) HTML 66K
125: R99 Stock-Based Compensation - Additional Information HTML 101K
(Details)
126: R100 Stock-Based Compensation - Summary of Restricted HTML 49K
Stock, Stock Grants, Stock Units and Performance
Shares (Details)
127: R101 Stock-Based Compensation - Status of Nonvested HTML 78K
Restricted Stock, Stock Grants, Stock Units and
Performance Shares (Details)
128: R102 Derivative Accounting - Additional Information HTML 56K
(Details)
129: R103 Derivative Accounting - Outstanding Gross Notional HTML 42K
Amounts Outstanding (Details)
130: R104 Derivative Accounting - Gains and Losses from HTML 55K
Derivative Instruments (Details)
131: R105 Derivative Accounting - Derivative Instruments in HTML 97K
the Balance Sheet (Details)
132: R106 Derivative Accounting - Credit Risk and Related HTML 45K
Contingent Features (Details)
133: R107 Other Income and Other Expense (Details) HTML 79K
134: R108 Palo Verde Sale Leaseback Variable Interest HTML 70K
Entities (Details)
135: R109 Palo Verde Sale Leaseback Variable Interest HTML 51K
Entities - Schedule of VIEs (Details)
136: R110 Investments in Nuclear Decommissioning Trusts and HTML 133K
Other Special Use Funds (Details)
137: R111 Changes in Accumulated Other Comprehensive Loss HTML 73K
(Details)
138: R112 SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF HTML 77K
REGISTRANT - Comprehensive Income (Details)
139: R113 SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF HTML 154K
REGISTRANT - Balance Sheets (Details)
140: R114 SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF HTML 117K
REGISTRANT - Cash Flows (Details)
142: XML IDEA XML File -- Filing Summary XML 254K
26: XML XBRL Instance -- pnw-20201231_htm XML 7.07M
141: EXCEL IDEA Workbook of Financial Reports XLSX 234K
22: EX-101.CAL XBRL Calculations -- pnw-20201231_cal XML 507K
23: EX-101.DEF XBRL Definitions -- pnw-20201231_def XML 2.30M
24: EX-101.LAB XBRL Labels -- pnw-20201231_lab XML 3.87M
25: EX-101.PRE XBRL Presentations -- pnw-20201231_pre XML 2.51M
21: EX-101.SCH XBRL Schema -- pnw-20201231 XSD 465K
143: JSON XBRL Instance as JSON Data -- MetaLinks 763± 1.19M
144: ZIP XBRL Zipped Folder -- 0000764622-21-000013-xbrl Zip 1.24M
On December 15, 2020, the Human Resources Committee (the “Committee”) of the Pinnacle West Capital Corporation (“Pinnacle West”) Board of Directors (the “Board”) approved the portion of the Arizona Public Service Company ("APS") 2021 Annual Incentive Award Plan (the “APS Plan”) that provides an incentive award opportunity for Jeffrey B. Guldner, Chairman of the Board, President and Chief Executive Officer of Pinnacle West and Chairman of the Board and Chief Executive
Officer of APS. On December 16, 2020, the Board, acting on the recommendation of the Committee, approved the portion of the APS Plan that includes an incentive award opportunity for James R. Hatfield, Executive Vice President and Chief Administrative Officer of Pinnacle West and APS, Daniel T. Froetscher, President and Chief Operating Office of APS, Theodore N. Geisler, Senior Vice President and Chief Financial Officer of Pinnacle West and APS and Robert E. Smith, Senior Vice President and General Counsel of Pinnacle West and APS.
No incentive payments will be awarded under the APS Plan unless Pinnacle West, with respect to Mr. Guldner, or APS, with respect to Messrs. Hatfield, Froetscher, Geisler and Smith, each achieves a specified threshold earnings level. The award opportunities for Mr. Guldner under the APS Plan are based on the achievement of
specified 2021 Pinnacle West earnings levels and specified business unit performance goals. Mr. Guldner has a target award opportunity of up to 110% of his base salary. Mr. Guldner may earn less or more than the target amount, up to a maximum award opportunity of 220% of base salary, depending on the achievement of the earnings and business unit performance goals separately or in combination, and before adjustment for individual performance. The business unit performance indicators for Mr. Guldner are in the functional areas of customer service, corporate resources, fossil generation, transmission and distribution, and performance of the Palo Verde Generating Station.
The award opportunities for Messrs. Hatfield, Froetscher, Geisler and Smith under the APS Plan are based on the achievement of specified 2021 APS earnings levels and specified business unit performance goals. Mr. Hatfield has a target
award opportunity of up to 75% of his base salary, Mr. Froetscher has a target award opportunity of up to 90% of his base salary, Mr. Geisler has a target award opportunity of up to 70% of his base salary, and Mr. Smith has a target award opportunity of up to 65% of his base salary. Messrs. Hatfield, Froetscher, Geisler and Smith may earn less or more than the target amount, up to a maximum award opportunity of 150% of base salary for Mr. Hatfield, 180% for Mr. Froetscher, 140% for Mr. Geisler, and 130% for Mr. Smith, depending on the achievement of the earnings and business unit performance goals separately or in combination, and before adjustment for individual performance. The business unit performance indicators that will be considered for Messrs. Hatfield, Froetscher, Geisler and Smith are derived from the APS areas of focus of culture, reliability, customer centric and affordability, as provided in its APS Promise.
The
Committee may adjust targets or incentive results under the APS Plan to reflect unanticipated events or unusual or nonrecurring adjustments to Pinnacle West or APS earnings (as applicable) that arise in the APS Plan year, including without limitation, Arizona Corporation Commission rate-related impacts on earnings. Any awards for Messrs. Guldner, Hatfield, Froetscher, Geisler and Smith are subject to potential forfeiture or recovery in accordance with Pinnacle West’s Clawback Policy.
Dates Referenced Herein and Documents Incorporated by Reference