v3.25.1
Investments in Nuclear Decommissioning Trusts and Other Special Use Funds (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Variable Interest Entity | Pinnacle West Captive Insurance Cell      
Fair value of fixed income securities, summarized by contractual maturities      
Special use fund $ 35,000   $ 34,000
APS      
Nuclear decommissioning trust fund assets      
Fair Value 1,701,502   1,691,202
Total Unrealized Gains 354,982 $ 366,844  
Total Unrealized Losses (22,643) (32,136)  
Amortized cost 1,252,000   1,224,000
Realized gains and losses and proceeds from the sale of securities by the nuclear decommissioning trust funds      
Realized gains 1,658 54,572  
Realized losses (2,761) (2,815)  
Proceeds from the sale of securities 485,814 443,870  
Fair value of fixed income securities, summarized by contractual maturities      
Special use fund     34,200
APS | Nuclear Decommissioning Trusts      
Nuclear decommissioning trust fund assets      
Fair Value 1,286,101   1,282,845
Realized gains and losses and proceeds from the sale of securities by the nuclear decommissioning trust funds      
Realized gains 1,658 54,492  
Realized losses (2,761) (2,815)  
Proceeds from the sale of securities 416,601 377,822  
APS | Other Special Use Funds      
Nuclear decommissioning trust fund assets      
Fair Value 415,401   408,357
Realized gains and losses and proceeds from the sale of securities by the nuclear decommissioning trust funds      
Realized gains 0 80  
Realized losses 0 0  
Proceeds from the sale of securities 69,213 66,048  
APS | Captive Insurance Cell      
Realized gains and losses and proceeds from the sale of securities by the nuclear decommissioning trust funds      
Proceeds from the sale of securities 25,300    
APS | Equity securities      
Nuclear decommissioning trust fund assets      
Equity securities 453,987   460,432
Total Unrealized Gains 341,566 359,127  
Total Unrealized Losses (325) (176)  
APS | Equity securities | Nuclear Decommissioning Trusts      
Nuclear decommissioning trust fund assets      
Equity securities 416,753   435,470
APS | Equity securities | Other Special Use Funds      
Nuclear decommissioning trust fund assets      
Equity securities 37,234   24,962
APS | Available for sale-fixed income securities      
Nuclear decommissioning trust fund assets      
Fair Value 1,242,795   1,199,584
Total Unrealized Gains 13,416 7,717  
Total Unrealized Losses (22,318) (31,960)  
Fair value of fixed income securities, summarized by contractual maturities      
Less than one year 187,202    
1 year – 5 years 497,753    
5 years – 10 years 154,002    
Greater than 10 years 403,838    
Total 1,242,795    
APS | Available for sale-fixed income securities | Nuclear Decommissioning Trusts      
Nuclear decommissioning trust fund assets      
Fair Value 866,658   844,040
Fair value of fixed income securities, summarized by contractual maturities      
Less than one year 32,422    
1 year – 5 years 292,409    
5 years – 10 years 137,989    
Greater than 10 years 403,838    
Total 866,658    
APS | Available for sale-fixed income securities | Other Special Use Funds      
Nuclear decommissioning trust fund assets      
Fair Value 376,137   355,544
APS | Available for sale-fixed income securities | Coal Reclamation Escrow Account      
Fair value of fixed income securities, summarized by contractual maturities      
Less than one year 90,167    
1 year – 5 years 48,289    
5 years – 10 years 0    
Greater than 10 years 0    
Total 138,456    
APS | Available for sale-fixed income securities | Active Union Employee Medical Account      
Fair value of fixed income securities, summarized by contractual maturities      
Less than one year 39,464    
1 year – 5 years 157,055    
5 years – 10 years 16,013    
Greater than 10 years 0    
Total 212,532    
APS | Available for sale-fixed income securities | Captive Insurance Cell      
Fair value of fixed income securities, summarized by contractual maturities      
Less than one year 25,149    
1 year – 5 years 0    
5 years – 10 years 0    
Greater than 10 years 0    
Total 25,149    
APS | Other      
Nuclear decommissioning trust fund assets      
Fair Value 4,720   31,186
Total Unrealized Gains 0 0  
Total Unrealized Losses 0 $ 0  
APS | Other | Nuclear Decommissioning Trusts      
Nuclear decommissioning trust fund assets      
Fair Value 2,690   3,335
APS | Other | Other Special Use Funds      
Nuclear decommissioning trust fund assets      
Fair Value 2,030   $ 27,851
Pinnacle West | Variable Interest Entity | Pinnacle West Captive Insurance Cell      
Fair value of fixed income securities, summarized by contractual maturities      
Special use fund $ 35,100