Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34 Filing Table of Contents
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1: 10-K Annual Report HTML 2.55M
138: CORRESP ¶ Comment-Response or Other Letter to the SEC HTML 40K
2: EX-10.3.2B Material Contract HTML 54K
3: EX-10.6.4 Material Contract HTML 40K
7: EX-21.1 Subsidiaries List HTML 36K
8: EX-23.1 Consent of Experts or Counsel HTML 37K
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22: R1 Document and Entity Information HTML 71K
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24: R3 Consolidated Statements of Comprehensive Income HTML 67K
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30: R9 Consolidated Statements of Changes in Equity HTML 39K
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31: R10 Summary of Significant Accounting Policies HTML 144K
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34: R13 Income Taxes HTML 294K
35: R14 Lines of Credit and Short-Term Borrowings HTML 69K
36: R15 Long-Term Debt and Liquidity Matters HTML 137K
37: R16 Retirement Plans and Other Benefits HTML 425K
38: R17 Leases HTML 56K
39: R18 Jointly-Owned Facilities HTML 119K
40: R19 Commitments and Contingencies HTML 117K
41: R20 Asset Retirement Obligations HTML 54K
42: R21 Selected Quarterly Financial Data (Unaudited) HTML 151K
43: R22 Fair Value Measurements HTML 284K
44: R23 Earnings Per Share HTML 59K
45: R24 Stock-Based Compensation HTML 99K
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47: R26 Other Income and Other Expense HTML 91K
48: R27 Palo Verde Sale Leaseback Variable Interest HTML 50K
Entities
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50: R29 Changes in Accumulated Other Comprehensive Loss HTML 98K
51: R30 Schedule I - Condensed Financial Information of HTML 188K
Registrant
52: R31 Schedule Ii - Reserve for Uncollectibles HTML 88K
53: R32 Summary of Significant Accounting Policies HTML 180K
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55: R34 Regulatory Matters (Tables) HTML 169K
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58: R37 Long-Term Debt and Liquidity Matters (Tables) HTML 135K
59: R38 Retirement Plans and Other Benefits (Tables) HTML 420K
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61: R40 Jointly-Owned Facilities (Tables) HTML 118K
62: R41 Commitments and Contingencies (Tables) HTML 58K
63: R42 Asset Retirement Obligations (Tables) HTML 51K
64: R43 Selected Quarterly Financial Data (Unaudited) HTML 151K
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65: R44 Fair Value Measurements (Tables) HTML 268K
66: R45 Earnings Per Share (Tables) HTML 59K
67: R46 Stock-Based Compensation (Tables) HTML 123K
68: R47 Derivative Accounting (Tables) HTML 246K
69: R48 Other Income and Other Expense (Tables) HTML 90K
70: R49 Palo Verde Sale Leaseback Variable Interest HTML 48K
Entities (Tables)
71: R50 Investments (Tables) HTML 100K
72: R51 Changes in Accumulated Other Comprehensive Loss HTML 98K
(Tables)
73: R52 Summary of Significant Accounting Policies - HTML 124K
Narrative (Details)
74: R53 Summary of Significant Accounting Policies - HTML 65K
Schedule of Reclassification of Prior Period
Adjustments (Details)
75: R54 Summary of Significant Accounting Policies - HTML 67K
Summary of Property, Plant and Equipment (Details)
76: R55 Summary of Significant Accounting Policies - HTML 50K
Supplemental Cash Flow Information (Details)
77: R56 New Accounting Standards (Details) HTML 42K
78: R57 Regulatory Matters Regulatory Matters - Retail HTML 81K
Rate Case Filing (Details)
79: R58 Regulatory Matters - Narrative (Details) HTML 252K
80: R59 Regulatory Matters Regulatory Matters - Deferred HTML 50K
Fuel and Purchased Power Regulatory Asset
(Details)
81: R60 Regulatory Matters - Four Corners, Cholla and HTML 64K
Navajo Plant (Details)
82: R61 Regulatory Matters - Schedule of Regulatory Assets HTML 86K
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83: R62 Regulatory Matters - Schedule of Regulatory HTML 74K
Liabilities (Details)
84: R63 Income Taxes (Details) HTML 65K
85: R64 Income Taxes - Reconciliation of Unrecognized Tax HTML 59K
Benefits (Details)
86: R65 Income Taxes - Summary of Unrecognized Tax HTML 47K
Benefits (Details)
87: R66 Income Taxes - Components of Income Tax Expense HTML 70K
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88: R67 Income Taxes - Effective Tax Rate Reconciliation HTML 88K
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89: R68 Income Taxes - Components of Deferred Income Tax HTML 104K
Liability (Details)
90: R69 Lines of Credit and Short-Term Borrowings - HTML 56K
Schedule of Credit Facilities (Details)
91: R70 Lines of Credit and Short-Term Borrowings HTML 124K
(Details)
92: R71 Long-Term Debt and Liquidity Matters (Details) HTML 95K
93: R72 Long-Term Debt and Liquidity Matters - Components HTML 97K
of Long-Term Debt (Details)
94: R73 Long-Term Debt and Liquidity Matters - Future HTML 61K
Principal Payments (Details)
95: R74 Long-Term Debt and Liquidity Matters - Fair Value HTML 46K
of Long-Term Debt (Details)
96: R75 Retirement Plans and Other Benefits Retirement HTML 92K
Plans and Other Benefits (Details)
97: R76 Retirement Plans and Other Benefits - Net Periodic HTML 61K
Benefit Costs and Portion including Portion
Charged to Expense (Details)
98: R77 Retirement Plans and Other Benefits - Changes HTML 74K
Benefit Obligations and Funded Status (Details)
99: R78 Retirement Plans and Other Benefits - Projected HTML 46K
Benefit Obligation for Pension Plans (Details)
100: R79 Retirement Plans and Other Benefits - Amounts HTML 56K
Recognized on the Consolidated Balance Sheets
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101: R80 Retirement Plans and Other Benefits - Impact to HTML 67K
Accumulated Other Comprehensive Loss (Details)
102: R81 Retirement Plans and Other Benefits - HTML 92K
Weighted-Average Assumptions for Pensions and
Other Benefits (Details)
103: R82 Retirement Plans and Other Benefits - Asset HTML 59K
Allocation (Details)
104: R83 Retirement Plans and Other Benefits - Fair Value HTML 122K
of Pinnacle West's Pension Plan (Details)
105: R84 Retirement Plans and Other Benefits - Estimated HTML 55K
Future Benefit Payments (Details)
106: R85 Leases (Details) HTML 70K
107: R86 Jointly-Owned Facilities (Details) HTML 118K
108: R87 Commitments and Contingencies - Palo Verde Nuclear HTML 128K
Generating Station and Contractual Obligations
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109: R88 Commitments and Contingencies - Superfund-Related HTML 45K
Matters and Southwest Power Outage (Details)
110: R89 Commitments and Contingencies Commitments and HTML 96K
Contingencies - Environmental Matters and
Financial Assurances (Details)
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112: R91 Selected Quarterly Financial Data (Unaudited) HTML 75K
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113: R92 Fair Value Measurements - Fair Value of Assets and HTML 117K
Liabilities (Details)
114: R93 Fair Value Measurements - Level 3 Quantitative HTML 62K
Information (Details)
115: R94 Fair Value Measurements Fair Value Measurements - HTML 62K
Changes in Fair Value of Risk Management Assets
and Liabilities (Details)
116: R95 Earnings Per Share (Details) HTML 61K
117: R96 Stock-Based Compensation (Details) HTML 157K
118: R97 Stock-Based Compensation - Summary of Restricted HTML 49K
Stock, Stock Grants, Stock Units and Performance
Shares (Details)
119: R98 Stock-Based Compensation - Status of Nonvested HTML 84K
Restricted Stock, Stock Grants, Stock Units and
Performance Shares (Details)
120: R99 Derivative Accounting (Details) HTML 54K
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Amounts Outstanding (Details)
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Derivative Instruments (Details)
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the Balance Sheet (Details)
124: R103 Derivative Accounting - Credit Risk and Related HTML 45K
Contingent Features (Details)
125: R104 Other Income and Other Expense (Details) HTML 62K
126: R105 Palo Verde Sale Leaseback Variable Interest HTML 73K
Entities (Details)
127: R106 Palo Verde Sale Leaseback Variable Interest HTML 48K
Entities Palo Verde Leaseback Variable Interest
Entities - Schedule of VIEs (Details)
128: R107 Investments (Details) HTML 97K
129: R108 Investments - Narrative (Details) HTML 48K
130: R109 Changes in Accumulated Other Comprehensive Loss HTML 66K
(Details)
131: R110 SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF HTML 83K
REGISTRANT - Statement of Comprehensive Income
(Details)
132: R111 SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF HTML 136K
REGISTRANT - Consolidated Balance Sheets (Details)
133: R112 SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF HTML 133K
REGISTRANT - Consolidated Statements of Cash Flows
(Details)
134: R113 Schedule Ii - Reserve for Uncollectibles (Details) HTML 54K
136: XML IDEA XML File -- Filing Summary XML 246K
135: EXCEL IDEA Workbook of Financial Reports XLSX 208K
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On December 19, 2017, the Human Resources Committee (the “Committee”) of the Pinnacle West Capital Corporation (“Pinnacle West” or the “Company”) Board of Directors (the “Board”) approved the Pinnacle West 2018 CEO Annual Incentive Award Plan (the “PNW Plan”), which provides an incentive award opportunity for Donald E. Brandt, the Chairman of the Board, President, and Chief Executive Officer of Pinnacle West and the Chairman of the Board, President and Chief Executive Officer of Arizona Public Service Company (“APS”). On December 20,
2017, the Board, acting on the recommendation of the Committee, approved the APS 2018 Annual Incentive Award Plan (the “APS Plan”), which includes an incentive award opportunity for Mark A. Schiavoni, Executive Vice President and Chief Operating Officer of APS, James R. Hatfield, Executive Vice President and Chief Financial Officer of Pinnacle West and APS and David P. Falck, Executive Vice President, Law of Pinnacle West.
No incentive payments will be awarded under the PNW Plan or the APS Plan unless Pinnacle West, with respect to Mr. Brandt, or APS, with respect to Messrs. Schiavoni, Hatfield and Falck, each achieves a specified threshold earnings level. The Committee will evaluate the impacts of unusual or nonrecurring adjustments to earnings in determining whether any earnings level has been met for purposes of the PNW Plan and may make adjustments to reflect such
impacts. Earnings impacts of actions of the Arizona Corporation Commission ("ACC") in the PNW Plan year are excluded.
Mr. Brandt’s incentive award opportunity is based 62.5% on Pinnacle West’s 2018 earnings, and 37.5% on the achievement of performance goals established for all business units of APS. Mr. Brandt has an award opportunity of 50% of his base salary if the threshold earnings level is met. If Pinnacle West’s 2018 earnings exceed the threshold level, Mr. Brandt’s award opportunity increases proportionately by up to an additional 75% of his base salary. To the extent certain business unit performance goals are met, Mr. Brandt has a further award opportunity of up to 75% of base salary. The business unit performance indicators for Mr. Brandt are in the functional areas of customer service, transmission and distribution, fossil generation, corporate resources and performance
of the Palo Verde Nuclear Generating Station. In no event may Mr. Brandt’s award exceed 200% of his base salary.
The award opportunities for Messrs. Schiavoni, Hatfield and Falck under the APS Plan are based on the achievement of specified 2018 APS earnings levels and specified business unit performance goals. Messrs. Schiavoni and Hatfield each have a target award opportunity of up to 75% of their base salary, and Mr. Falck has a target award opportunity of up to 70% of his base salary. Messrs. Schiavoni, Hatfield and Falck may earn less or more than the target amount, up to a maximum award opportunity of 150% of base salary for Messrs. Schiavoni and Hatfield and 140% for Mr. Falck, 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. Schiavoni, Hatfield and Falck are derived from the APS critical areas of focus, as provided in its “Core” strategic framework, in the functional areas of employees, operational excellence, customer and communities, environment, and shareholder value. The Committee may adjust targets under the APS Plan to reflect unanticipated events or unusual or nonrecurring adjustments to earnings that arise in the APS Plan year, including ACC rate-related impacts on earnings.
Any awards for Messrs. Brandt, Schiavoni, Hatfield and Falck will be subject to potential forfeiture or recovery to the extent called for by the Company’s clawback policy.
Dates Referenced Herein and Documents Incorporated by Reference