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
This RETENTION AGREEMENT ("Agreement") is entered into by and between Arizona Public Service Company ("APS") and Maria Lacal ("Employee") (collectively the "Parties"). APS highly values and desires to continue to employ Employee, and Employee desires to continue to be employed by APS.
In consideration of the mutual agreements contained in this Agreement, the Parties agree effective December
19, 2008 ("Effective Date") as follows:
1. Retention Bonus Payments.
1.1 Bonus. APS shall pay Employee a retention bonus of $100,000 ("Payment"), payable on January 1, 2012 ("Payment Date"), provided that Employee demonstrates sustained competent performance of her assigned job responsibilities, does not voluntarily terminate employment, and is not terminated for cause on or prior to Payment Date.
The Payment shall not be included in Employee's compensation for pension purposes, nor is it deferrable under the Pinnacle West Company Corporation
Deferred Compensation Plan. The Payment shall be subject to applicable withholdings including federal, state and local taxes.
1.2 Death or Disability. In the event of Employee's death or disability after the Effective Date, but prior to the Payment Date, so long as Employee was employed by APS through the date of death or disability, the Payment shall be paid in its entirety on the Payment Date.
1.3 Reimbursement. If Employee terminates employment, or is terminated by APS for cause, between the Payment Date and January 1, 2014, the Employee will repay APS the entire Payment, including any amounts paid by APS in connection
with applicable tax withholding.
2. Deferred Compensation Arrangement.
2.1 Plan. Beginning on or about December 17, 2008, APS shall establish a deferred compensation arrangement pursuant to the terms of this Section on behalf of the Employee ("Deferred Compensation Arrangement"). A bookkeeping entry ("Account") shall be utilized as a means for the measurement and determination of amounts, if any, to be paid to the Employee in accordance with the Deferred Compensation Arrangement.
2.2 Credits. APS shall credit an amount equal to Two Hundred Thousand
Dollars ($200,000.00) to the Account effective on or about December 17, 2008, and an amount equal to Forty Thousand Dollars ($40,000.00) to the Account effective January 1, 2010 and each of the next four January 1 thereafter (each, a "Company Credit"), provided that the Employee remains employed with APS on each such crediting date and demonstrates sustained competent performance of her assigned job responsibilities.
2.3 Distribution. Subject to the applicable terms and conditions of this Agreement and provided the Employee remains actively employed with APS through the date she attains age 55, the Employee shall be entitled to a payment of benefits under the Deferred Compensation Arrangement in an amount equal
to the Company Credits credited to her Account as of the date of her termination. By no later than December 31, 2008, the Employee must submit an election form as required by APS, to receive such distribution in the form of either a lump sum or an annuity. If
Employee is entitled to payment, it will begin, or in the case of a lump sum will be made, upon the Employee's termination of employment. If no timely election is made, payment shall be made in a lump sum. Any election made as to time and form of payment shall be irrevocable. Any payment made shall be subject to applicable withholdings including federal, state and local taxes.
2.4 Termination,
Death or Disability.
(a) If Employee is terminated for cause, or Employee voluntarily terminates before she attains age 55, Employee shall forfeit all amounts credited to her Account and no benefits shall be payable under the Deferred Compensation Arrangement. If Employee's employment with APS is involuntarily terminated without cause by APS before she attains age 55, the Employee will be entitled to a lump sum payment in an amount equal to the Company Credits credited to her Account at the time of termination. Payment will be made at the time of the termination, or if applicable, at the time specified in Section 8 of this Agreement.
(b) In the event that the Employee is determined to be disabled under the Pinnacle West Capital Corporation Long-Term Disability Plan before the Employee terminates employment and
such disability meets the definition of "disabled" for purposes of Section 409A of the Internal Revenue Code ("Code Section 409A"), (i) in the event the Employee has not yet attained age 55 on the date of such disability, the Account will not be credited with Company Credits, beginning as of the date of such disability, and the Employee shall be entitled to a lump sum payment at age 55 in an amount equal to the Company Credits credited to her Account at the time of distribution or (ii) in the event the Employee is age 55 or older on the date of such disability, the Employee shall be entitled to a lump sum payment in an amount equal to the Company Credits credited to her Account at the time of distribution, payable within 30 days after the date of disability.
(c) In the event that the Employee dies before she terminates employment or after the commencement of payments to him under the Deferred Compensation Arrangement,
but before all such benefits have been paid in full, any balance credited to the Account that has not been paid under the Account as determined on the date of death shall be paid to the Employee's beneficiary in a lump sum within sixty (60) days after the date of death. The Employee's beneficiary for purposes of the Deferred Compensation Arrangement shall mean the person(s) or trust(s) specified by the Employee as the Employee's beneficiary, in the form and manner required by APS and on file with APS. In the event no beneficiary is named at the time of death, any benefits shall be paid to the Employee's estate.
3. Confidentiality.
Employee shall hold the existence and terms of this Agreement in confidence. Employee shall not publicly or privately discuss or disclose the nature or content of this
Agreement. However, Employee may disclose the terms of this Agreement if required by federal or state law, and Employee may disclose the terms of this Agreement to Employee's accountant, attorney, consultant and spouse. In addition, the Parties may disclose this Agreement as necessary to enforce its provisions.
