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(Act:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 339.35 Td (ARIZONA) Tj ET Q q 0 0 0 rg BT 80.61 339.35 Td ( PUBLIC SER) Tj ET Q q 0 0 0 rg BT 121.28 339.35 Td (VICE COMP) Tj ET Q q 0 0 0 rg BT 158.56 339.35 Td (ANY) Tj ET Q q 0 0 0 rg BT 173.47 339.35 Td ( Common Stock, Par ) Tj ET Q q 0 0 0 rg BT 254.42 339.35 Td (V) Tj ET Q q 0 0 0 rg BT 258.70 339.35 Td (alue $2.50 per share) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 330.95 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 322.55 Td (Indicate by check mark if the registrant is a well-known seasoned issuer) Tj ET Q q 0 0 0 rg BT 250.79 322.55 Td (, as defined in Rule405 of the Securities ) Tj ET Q q 0 0 0 rg BT 365.88 322.55 Td (Act) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 304.70 Td (PINNACLE) Tj ET Q q 0 0 0 rg BT 88.80 304.70 Td (WEST) Tj ET Q q 0 0 0 rg BT 107.72 304.70 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 129.35 304.70 Td (AL) Tj ET Q q 0 0 0 rg BT 138.27 304.70 Td (CORPORA) Tj ET Q q 0 0 0 rg BT 172.57 304.70 Td (TION) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 298.50 304.70 Td (Y) Tj ET Q q 0 0 0 rg BT 302.85 304.70 Td (es) Tj ET Q /GS0 gs q 7.42 0 0 7.36 310.44 303.19 cm /I4 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.86 304.70 Td (No) Tj ET Q /GS0 gs q 6.24 0 0 7.36 331.66 303.19 cm /I5 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 293.70 Td (ARIZONA) Tj ET Q q 0 0 0 rg BT 83.61 293.70 Td ( PUBLIC SER) Tj ET Q q 0 0 0 rg BT 124.28 293.70 Td (VICE COMP) Tj ET Q q 0 0 0 rg BT 161.56 293.70 Td (ANY) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 298.50 293.70 Td (Y) Tj ET Q q 0 0 0 rg BT 302.85 293.70 Td (es) Tj ET Q /GS0 gs q 7.42 0 0 7.36 310.44 292.19 cm /I6 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.86 293.70 Td (No) Tj ET Q /GS0 gs q 6.24 0 0 7.36 331.66 292.19 cm /I7 Do Q BT /F1 11.50 Tf ET BT /F1 7.00 Tf ET q 0 0 0 rg BT 306.00 282.15 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 273.75 Td (Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15\(d\)of the ) Tj ET Q q 0 0 0 rg BT 372.19 273.75 Td (Act.) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 255.90 Td (PINNACLE ) Tj ET Q q 0 0 0 rg BT 88.80 255.90 Td (WEST) Tj ET Q q 0 0 0 rg BT 107.72 255.90 Td ( CAPIT) Tj ET Q q 0 0 0 rg BT 129.35 255.90 Td (AL) Tj ET Q q 0 0 0 rg BT 138.27 255.90 Td ( CORPORA) Tj ET Q q 0 0 0 rg BT 172.57 255.90 Td (TION) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 298.50 255.90 Td (Y) Tj ET Q q 0 0 0 rg BT 302.85 255.90 Td (es) Tj ET Q /GS0 gs q 6.24 0 0 7.36 310.44 254.39 cm /I8 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 316.67 255.90 Td (No) Tj ET Q /GS0 gs q 7.42 0 0 7.36 330.48 254.39 cm /I9 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 244.90 Td (ARIZONA) Tj ET Q q 0 0 0 rg BT 83.61 244.90 Td ( PUBLIC SER) Tj ET Q q 0 0 0 rg BT 124.28 244.90 Td (VICE COMP) Tj ET Q q 0 0 0 rg BT 161.56 244.90 Td (ANY) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 298.50 244.90 Td (Y) Tj ET Q q 0 0 0 rg BT 302.85 244.90 Td (es) Tj ET Q /GS0 gs q 6.24 0 0 7.36 310.44 243.39 cm /I10 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 316.67 244.90 Td (No) Tj ET Q /GS0 gs q 7.42 0 0 7.36 330.48 243.39 cm /I11 Do Q BT /F1 11.50 Tf ET BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 233.35 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 224.95 Td (Indicate by check mark whether the registrant \(1\)has filed all reports required to be filed by Section13 or 15\(d\)of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 441.17 224.95 Td (Act of 1934 during the preceding 12 ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 216.55 Td (months \(or for such shorter period that the registrant was required to file such reports\), and \(2\)has been subject to such filing requirements for the past 90 days.) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 198.70 Td (PINNACLE ) Tj ET Q q 0 0 0 rg BT 88.80 198.70 Td (WEST) Tj ET Q q 0 0 0 rg BT 107.72 198.70 Td ( CAPIT) Tj ET Q q 0 0 0 rg BT 129.35 198.70 Td (AL) Tj ET Q q 0 0 0 rg BT 138.27 198.70 Td ( CORPORA) Tj ET Q q 0 0 0 rg BT 172.57 198.70 Td (TION) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 298.50 198.70 Td (Y) Tj ET Q q 0 0 0 rg BT 302.85 198.70 Td (es) Tj ET Q /GS0 gs q 7.42 0 0 7.36 310.44 197.19 cm /I12 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.86 198.70 Td (No) Tj ET Q /GS0 gs q 6.24 0 0 7.36 331.66 197.19 cm /I13 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 187.70 Td (ARIZONA) Tj ET Q q 0 0 0 rg BT 83.61 187.70 Td ( PUBLIC SER) Tj ET Q q 0 0 0 rg BT 124.28 187.70 Td (VICE COMP) Tj ET Q q 0 0 0 rg BT 161.56 187.70 Td (ANY) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 298.50 187.70 Td (Y) Tj ET Q q 0 0 0 rg BT 302.85 187.70 Td (es) Tj ET Q /GS0 gs q 7.42 0 0 7.36 310.44 186.19 cm /I14 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.86 187.70 Td (No) Tj ET Q /GS0 gs q 6.24 0 0 7.36 331.66 186.19 cm /I15 Do Q BT /F1 11.50 Tf ET BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 176.15 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 167.75 Td (Indicate by check mark whether the registrant has submitted electronically and posted on its corporate ) Tj ET Q q 0 0 0 rg BT 336.86 167.75 Td (W) Tj ET Q q 0 0 0 rg BT 342.90 167.75 Td (eb site, if any) Tj ET Q q 0 0 0 rg BT 380.16 167.75 Td (, every Interactive Data File required to be submitted and posted ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 159.35 Td (pursuant to Rule405 of Regulation S-T) Tj ET Q q 0 0 0 rg BT 160.19 159.35 Td ( during the preceding 12 months \(or for such shorter period that the registrant was required to submit and post such files\).) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 141.50 Td (PINNACLE ) Tj ET Q q 0 0 0 rg BT 88.80 141.50 Td (WEST) Tj ET Q q 0 0 0 rg BT 107.72 141.50 Td ( CAPIT) Tj ET Q q 0 0 0 rg BT 129.35 141.50 Td (AL) Tj ET Q q 0 0 0 rg BT 138.27 141.50 Td ( CORPORA) Tj ET Q q 0 0 0 rg BT 172.57 141.50 Td (TION) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 298.50 141.50 Td (Y) Tj ET Q q 0 0 0 rg BT 302.85 141.50 Td (es) Tj ET Q /GS0 gs q 7.42 0 0 7.36 310.44 139.99 cm /I16 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.86 141.50 Td (No) Tj ET Q /GS0 gs q 6.24 0 0 7.36 331.66 139.99 cm /I17 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 130.50 Td (ARIZONA) Tj ET Q q 0 0 0 rg BT 83.61 130.50 Td ( PUBLIC SER) Tj ET Q q 0 0 0 rg BT 124.28 130.50 Td (VICE COMP) Tj ET Q q 0 0 0 rg BT 161.56 130.50 Td (ANY) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 298.50 130.50 Td (Y) Tj ET Q q 0 0 0 rg BT 302.85 130.50 Td (es) Tj ET Q /GS0 gs q 7.42 0 0 7.36 310.44 128.99 cm /I18 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.86 130.50 Td (No) Tj ET Q /GS0 gs q 6.24 0 0 7.36 331.66 128.99 cm /I19 Do Q BT /F1 11.50 Tf ET BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 118.95 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 110.55 Td (Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant) Tj ET Q q 0 0 0 rg BT 528.68 110.55 Td (s ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 102.15 Td (knowledge, in definitive proxy or information statements incorporated by reference in PartIII of this Form10-K or in any amendment to this Form10-K.) Tj ET Q /GS0 gs q 7.42 0 0 7.36 479.51 100.64 cm /I20 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 93.75 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 85.35 Td (Indicate by check mark whether the registrant is a lar) Tj ET Q q 0 0 0 rg BT 198.06 85.35 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 251.01 85.35 Td (, an accelerated filer) Tj ET Q q 0 0 0 rg BT 307.47 85.35 Td (, a non-accelerated filer) Tj ET Q q 0 0 0 rg BT 373.25 85.35 Td (, a smaller reporting company) Tj ET Q q 0 0 0 rg BT 456.58 85.35 Td (, or an emer) Tj ET Q q 0 0 0 rg BT 489.88 85.35 Td (ging growth company) Tj ET Q q 0 0 0 rg BT 550.86 85.35 Td (. ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 76.95 Td (See the definitions of lar) Tj ET Q q 0 0 0 rg BT 121.29 76.95 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 174.25 76.95 Td (, accelerated filer) Tj ET Q q 0 0 0 rg BT 228.56 76.95 Td (, smaller reporting company) Tj ET Q q 0 0 0 rg BT 313.24 76.95 Td (, and "emer) Tj ET Q q 0 0 0 rg BT 348.43 76.95 Td (ging growth company" in Rule12b-2 of the Exchange ) Tj ET Q q 0 0 0 rg BT 501.56 76.95 Td (Act. \(Check one\):) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 68.55 Td () Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 734.65 Td (PINNACLE ) Tj ET Q q 0 0 0 rg BT 88.73 734.65 Td (WEST) Tj ET Q q 0 0 0 rg BT 107.66 734.65 Td ( CAPIT) Tj ET Q q 0 0 0 rg BT 129.07 734.65 Td (AL) Tj ET Q q 0 0 0 rg BT 138.14 734.65 Td ( CORPORA) Tj ET Q q 0 0 0 rg BT 172.18 734.65 Td (TION) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 298.50 733.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 438.00 738.81 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 136.50 723.65 Td (Lar) Tj ET Q q 0 0 0 rg BT 146.09 723.65 Td (ge accelerated filer) Tj ET Q /GS0 gs q 7.42 0 0 7.36 201.07 722.14 cm /I21 Do Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 298.50 722.76 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 410.55 723.65 Td (Accelerated filer) Tj ET Q /GS0 gs q 6.24 0 0 7.36 459.13 722.14 cm /I22 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 138.85 708.65 Td (Non-accelerated filer) Tj ET Q /GS0 gs q 6.24 0 0 7.36 199.86 707.14 cm /I23 Do Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 298.50 707.76 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 395.70 708.65 Td (Smaller reporting company) Tj ET Q /GS0 gs q 6.24 0 0 7.36 474.04 707.14 cm /I24 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.45 697.65 Td (\(Do not check if a smaller reporting company\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 298.50 696.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 438.00 701.81 Td () Tj ET Q /GS0 gs q 85.22 0 0 6.36 395.35 681.14 cm /I25 Do Q BT /F1 11.50 Tf ET BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 661.65 Td (ARIZONA) Tj ET Q q 0 0 0 rg BT 83.61 661.65 Td ( PUBLIC SER) Tj ET Q q 0 0 0 rg BT 124.28 661.65 Td (VICE COMP) Tj ET Q q 0 0 0 rg BT 161.56 661.65 Td (ANY) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 298.50 660.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 438.00 665.81 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 137.05 650.65 Td (Lar) Tj ET Q q 0 0 0 rg BT 146.64 650.65 Td (ge accelerated filer) Tj ET Q /GS0 gs q 6.24 0 0 7.36 201.62 649.14 cm /I26 Do Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 298.50 649.76 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 410.55 650.65 Td (Accelerated filer) Tj ET Q /GS0 gs q 6.24 0 0 7.36 459.13 649.14 cm /I27 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 138.25 635.65 Td (Non-accelerated filer) Tj ET Q /GS0 gs q 7.42 0 0 7.36 199.26 634.14 cm /I28 Do Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 298.50 634.76 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 395.70 635.65 Td (Smaller reporting company) Tj ET Q /GS0 gs q 6.24 0 0 7.36 474.04 634.14 cm /I29 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 107.45 624.65 Td (\(Do not check if a smaller reporting company\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 298.50 623.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 438.00 628.81 Td () Tj ET Q /GS0 gs q 85.22 0 0 6.36 395.35 608.14 cm /I30 Do Q BT /F1 11.50 Tf ET BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 589.70 Td (If an emer) Tj ET Q q 0 0 0 rg BT 78.13 589.70 Td (ging growth company) Tj ET Q q 0 0 0 rg BT 139.11 589.70 Td (, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 581.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 81.96 581.30 Td (standards ) Tj ET Q q 0 0 0 rg BT 110.15 581.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 136.78 581.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 162.64 581.30 Td (to ) Tj ET Q q 0 0 0 rg BT 169.83 581.30 Td (Section ) Tj ET Q q 0 0 0 rg BT 192.58 581.30 Td (13\(a\) ) Tj ET Q q 0 0 0 rg BT 209.10 581.30 Td (of ) Tj ET Q q 0 0 0 rg BT 216.68 581.30 Td (the ) Tj ET Q q 0 0 0 rg BT 226.98 581.30 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 255.94 581.30 Td (Act. ) Tj ET Q /GS0 gs q 7.00 0 0 7.36 269.55 579.79 cm /I31 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 564.50 Td (Indicate by check mark whether each registrant is a shell company \(as defined in Rule12b-2 of the ) Tj ET Q q 0 0 0 rg BT 327.85 564.50 Td (Act\).) Tj ET Q q 0 0 0 rg BT 345.27 564.50 Td (Y) Tj ET Q q 0 0 0 rg BT 349.63 564.50 Td (es) Tj ET Q /GS0 gs q 6.24 0 0 7.36 357.21 562.99 cm /I32 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 363.45 564.50 Td (No) Tj ET Q /GS0 gs q 7.42 0 0 7.36 377.25 562.99 cm /I33 Do Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 547.70 Td (State the aggregate market value of the voting and non-voting common equity held by non-af) Tj ET Q q 0 0 0 rg BT 310.63 547.70 Td (filiates, computed by reference to the price at which the common equity was last sold, or ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 539.30 Td (the average bid and asked price of such common equity) Tj ET Q q 0 0 0 rg BT 204.74 539.30 Td (, as of the last business day of each registrant) Tj ET Q q 0 0 0 rg BT 333.04 539.30 Td (s most recently completed second fiscal quarter:) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 521.45 Td (PINNACLE ) Tj ET Q q 0 0 0 rg BT 88.80 521.45 Td (WEST) Tj ET Q q 0 0 0 rg BT 107.72 521.45 Td ( CAPIT) Tj ET Q q 0 0 0 rg BT 129.35 521.45 Td (AL) Tj ET Q q 0 0 0 rg BT 138.27 521.45 Td ( CORPORA) Tj ET Q q 0 0 0 rg BT 172.57 521.45 Td (TION) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 298.50 520.56 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.50 521.45 Td ($9,461,736,502.18 as of June30, 2017) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 510.45 Td (ARIZONA) Tj ET Q q 0 0 0 rg BT 83.80 510.45 Td ( PUBLIC SER) Tj ET Q q 0 0 0 rg BT 124.56 510.45 Td (VICE COMP) Tj ET Q q 0 0 0 rg BT 161.88 510.45 Td (ANY) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 298.50 509.56 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.50 510.45 Td ($0 as of June30, 2017) Tj ET Q BT /F1 11.50 Tf ET BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 498.90 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 490.50 Td (The number of shares outstanding of each registrant) Tj ET Q q 0 0 0 rg BT 197.04 490.50 Td (s common stock as of February16, 2018) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 472.65 Td (PINNACLE ) Tj ET Q q 0 0 0 rg BT 88.80 472.65 Td (WEST) Tj ET Q q 0 0 0 rg BT 107.72 472.65 Td ( CAPIT) Tj ET Q q 0 0 0 rg BT 129.35 472.65 Td (AL) Tj ET Q q 0 0 0 rg BT 138.27 472.65 Td ( CORPORA) Tj ET Q q 0 0 0 rg BT 172.57 472.65 Td (TION) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 298.50 471.76 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.50 472.65 Td (1) Tj ET Q q 0 0 0 rg BT 320.87 472.65 Td (1) Tj ET Q q 0 0 0 rg BT 324.11 472.65 Td (1,799,789 shares) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 461.65 Td (ARIZONA) Tj ET Q q 0 0 0 rg BT 83.80 461.65 Td ( PUBLIC SER) Tj ET Q q 0 0 0 rg BT 124.56 461.65 Td (VICE COMP) Tj ET Q q 0 0 0 rg BT 161.88 461.65 Td (ANY) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 298.50 453.76 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.50 461.65 Td (Common Stock, $2.50 par value, 71,264,947 shares. Pinnacle ) Tj ET Q q 0 0 0 rg BT 491.57 461.65 Td (W) Tj ET Q q 0 0 0 rg BT 497.62 461.65 Td (est Capital) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 317.50 454.65 Td (Corporation is the sole holder of ) Tj ET Q q 0 0 0 rg BT 409.65 454.65 Td (Arizona Public Service Company) Tj ET Q q 0 0 0 rg BT 505.49 454.65 Td (s Common Stock.) Tj ET Q BT /F1 11.50 Tf ET BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 443.10 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 230.15 434.70 Td (DOCUMENTS INCORPORA) Tj ET Q q 0 0 0 rg BT 315.13 434.70 Td (TED BY) Tj ET Q q 0 0 0 rg BT 339.96 434.70 Td ( REFERENCE) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 426.30 Td (Portions of Pinnacle ) Tj ET Q q 0 0 0 rg BT 107.90 426.30 Td (W) Tj ET Q q 0 0 0 rg BT 113.94 426.30 Td (est Capital Corporation) Tj ET Q q 0 0 0 rg BT 181.21 426.30 Td (s definitive Proxy Statement relating to its ) Tj ET Q q 0 0 0 rg BT 300.78 426.30 Td (Annual Meeting of Shareholders to be held on May 16, 2018 are incorporated by reference ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 417.95 Td (into PartIII hereof.) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 49.50 409.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 85.50 401.15 Td (Arizona Public Service Company meets the conditions set forth in General Instruction I\(1\)\(a\)and \(b\)of Form10-K and is ther) Tj ET Q q 0 0 0 rg BT 462.96 401.15 Td (efor) Tj ET Q q 0 0 0 rg BT 474.88 401.15 Td (e filing this form with the ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 49.50 392.75 Td (r) Tj ET Q q 0 0 0 rg BT 52.48 392.75 Td (educed disclosur) Tj ET Q q 0 0 0 rg BT 101.94 392.75 Td (e format allowed under) Tj ET Q q 0 0 0 rg BT 171.61 392.75 Td ( that General Instruction.) Tj ET Q endstream endobj 7 0 obj <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 8 0 R>> endobj 8 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 304.40 32.55 Td (i) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 244.65 739.25 Td (T) Tj ET Q q 0 0 0 rg BT 251.47 739.25 Td (ABLE OF) Tj ET Q q 0 0 0 rg BT 301.20 739.25 Td ( CONTENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 725.45 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 702.95 m 562 702.95 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 51.50 705.67 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 313.50 705.67 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.75 707.03 Td (Page) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 695.03 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 105.50 695.03 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.50 695.03 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 51.5 680.1833984375 m 274.0341796875 680.1833984375 l s q 0 0 1 rg BT 51.50 681.52 Td (GLOSSAR) Tj ET Q q 0 0 1 rg BT 96.51 681.52 Td (Y) Tj ET Q q 0 0 1 rg BT 103.37 681.52 Td ( OF NAMES ) Tj ET Q q 0 0 1 rg BT 158.10 681.52 Td (AND ) Tj ET Q q 0 0 1 rg BT 182.09 681.52 Td (TECHNICAL) Tj ET Q q 0 0 1 rg BT 238.38 681.52 Td ( ) Tj ET Q q 0 0 1 rg BT 240.69 681.52 Td (TERMS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 667.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 667.52 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 51.5 652.1833984375 m 214.3125 652.1833984375 l s q 0 0 1 rg BT 51.50 653.52 Td (FOR) Tj ET Q q 0 0 1 rg BT 70.40 653.52 Td (W) Tj ET Q q 0 0 1 rg BT 78.73 653.52 Td (ARD-LOOKING ST) Tj ET Q q 0 0 1 rg BT 162.09 653.52 Td (A) Tj ET Q q 0 0 1 rg BT 168.20 653.52 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 639.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 639.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 639.52 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 51.5 624.1833984375 m 81.1923828125 624.1833984375 l s q 0 0 1 rg BT 51.50 625.52 Td (P) Tj ET Q q 0 0 1 rg BT 56.14 625.52 Td (AR) Tj ET Q q 0 0 1 rg BT 69.43 625.52 Td (T) Tj ET Q q 0 0 1 rg BT 75.36 625.52 Td (I) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 105.50 631.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 610.1833984375 m 91.8251953125 610.1833984375 l s q 0 0 1 rg BT 63.50 611.52 Td (Item 1.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 610.1833984375 m 141.0615234375 610.1833984375 l s q 0 0 1 rg BT 105.50 611.52 Td (Business) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 596.1833984375 m 99.046875 596.1833984375 l s q 0 0 1 rg BT 63.50 597.52 Td (Item 1A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 596.1833984375 m 155.7783203125 596.1833984375 l s q 0 0 1 rg BT 105.50 597.52 Td (Risk Factors) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 582.1833984375 m 98.4951171875 582.1833984375 l s q 0 0 1 rg BT 63.50 583.52 Td (Item 1B.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 582.1833984375 m 219.19140625 582.1833984375 l s q 0 0 1 rg BT 105.50 583.52 Td (Unresolved Staf) Tj ET Q q 0 0 1 rg BT 170.03 583.52 Td (f Comments) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 568.1833984375 m 91.8251953125 568.1833984375 l s q 0 0 1 rg BT 63.50 569.52 Td (Item 2.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 568.1833984375 m 146.046875 568.1833984375 l s q 0 0 1 rg BT 105.50 569.52 Td (Properties) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 554.1833984375 m 91.8251953125 554.1833984375 l s q 0 0 1 rg BT 63.50 555.52 Td (Item 3.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 554.1833984375 m 179.640625 554.1833984375 l s q 0 0 1 rg BT 105.50 555.52 Td (Legal Proceedings) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 540.1833984375 m 91.8251953125 540.1833984375 l s q 0 0 1 rg BT 63.50 541.52 Td (Item 4.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 540.1833984375 m 203.8154296875 540.1833984375 l s q 0 0 1 rg BT 105.50 541.52 Td (Mine Safety Disclosures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 526.1833984375 m 208.3876953125 526.1833984375 l s q 0 0 1 rg BT 63.50 527.52 Td (Executive Of) Tj ET Q q 0 0 1 rg BT 116.35 527.52 Td (ficers of Pinnacle ) Tj ET Q q 0 0 1 rg BT 188.64 527.52 Td (W) Tj ET Q q 0 0 1 rg BT 197.28 527.52 Td (est) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 513.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 513.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 513.52 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 51.5 498.18339843750005 m 84.5224609375 498.18339843750005 l s q 0 0 1 rg BT 51.50 499.52 Td (P) Tj ET Q q 0 0 1 rg BT 56.14 499.52 Td (AR) Tj ET Q q 0 0 1 rg BT 69.43 499.52 Td (T) Tj ET Q q 0 0 1 rg BT 75.36 499.52 Td (II) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 105.50 505.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 484.18339843750005 m 91.8251953125 484.18339843750005 l s q 0 0 1 rg BT 63.50 485.52 Td (Item 5.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 484.18339843750005 m 514.58203125 484.18339843750005 l s q 0 0 1 rg BT 105.50 485.52 Td (Market for Registrants) Tj ET Q q 0 0 1 rg BT 198.62 485.52 Td ( Common Equity) Tj ET Q q 0 0 1 rg BT 266.86 485.52 Td (, Related Stockholder Matters and Issuer Purchases of Equity ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 474.18339843750005 m 144.93359375 474.18339843750005 l s q 0 0 1 rg BT 105.50 475.52 Td (Securities) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 460.18339843750005 m 91.8251953125 460.18339843750005 l s q 0 0 1 rg BT 63.50 461.52 Td (Item 6.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 460.18339843750005 m 200.4609375 460.18339843750005 l s q 0 0 1 rg BT 105.50 461.52 Td (Selected Financial Data) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 446.18339843750005 m 91.8251953125 446.18339843750005 l s q 0 0 1 rg BT 63.50 447.52 Td (Item 7.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 446.18339843750005 m 463.791015625 446.18339843750005 l s q 0 0 1 rg BT 105.50 447.52 Td (Management) Tj ET Q q 0 0 1 rg BT 160.48 447.52 Td (s Discussion and ) Tj ET Q q 0 0 1 rg BT 229.65 447.52 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 432.18339843750005 m 99.046875 432.18339843750005 l s q 0 0 1 rg BT 63.50 433.52 Td (Item 7A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 432.18339843750005 m 347.12109375 432.18339843750005 l s q 0 0 1 rg BT 105.50 433.52 Td (Quantitative and Qualitative Disclosures ) Tj ET Q q 0 0 1 rg BT 269.90 433.52 Td (About Market Risk) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 418.18339843750005 m 91.8251953125 418.18339843750005 l s q 0 0 1 rg BT 63.50 419.52 Td (Item 8.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 418.18339843750005 m 290.451171875 418.18339843750005 l s q 0 0 1 rg BT 105.50 419.52 Td (Financial Statements and Supplementary Data) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 404.18339843750005 m 248.0927734375 404.18339843750005 l s q 0 0 1 rg BT 105.50 405.52 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 142.25 405.52 Td (W) Tj ET Q q 0 0 1 rg BT 150.89 405.52 Td (est Financial Statements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 390.18339843750005 m 209.9384765625 390.18339843750005 l s q 0 0 1 rg BT 105.50 391.52 Td (APS Financial Statements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 376.18339843750005 m 324.640625 376.18339843750005 l s q 0 0 1 rg BT 105.50 377.52 Td (Combined Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 362.18339843750005 m 91.8251953125 362.18339843750005 l s q 0 0 1 rg BT 63.50 363.52 Td (Item 9.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 362.18339843750005 m 464.3134765625 362.18339843750005 l s q 0 0 1 rg BT 105.50 363.52 Td (Changes in and Disagreements with ) Tj ET Q q 0 0 1 rg BT 251.31 363.52 Td (Accountants on ) Tj ET Q q 0 0 1 rg BT 315.74 363.52 Td (Accounting and Financial Disclosure) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 348.18339843750005 m 99.046875 348.18339843750005 l s q 0 0 1 rg BT 63.50 349.52 Td (Item 9A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 348.18339843750005 m 203.8154296875 348.18339843750005 l s q 0 0 1 rg BT 105.50 349.52 Td (Controls and Procedures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 334.18339843750005 m 98.4951171875 334.18339843750005 l s q 0 0 1 rg BT 63.50 335.52 Td (Item 9B.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 334.18339843750005 m 178.5322265625 334.18339843750005 l s q 0 0 1 rg BT 105.50 335.52 Td (Other Information) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 321.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 321.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 321.52 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 51.5 306.18339843750005 m 87.8525390625 306.18339843750005 l s q 0 0 1 rg BT 51.50 307.52 Td (P) Tj ET Q q 0 0 1 rg BT 56.14 307.52 Td (AR) Tj ET Q q 0 0 1 rg BT 69.43 307.52 Td (T) Tj ET Q q 0 0 1 rg BT 75.36 307.52 Td (III) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 105.50 313.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 292.18339843750005 m 96.8251953125 292.18339843750005 l s q 0 0 1 rg BT 63.50 293.52 Td (Item 10.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 292.18339843750005 m 402.82421875 292.18339843750005 l s q 0 0 1 rg BT 105.50 293.52 Td (Directors, Executive Of) Tj ET Q q 0 0 1 rg BT 200.56 293.52 Td (ficers and Corporate Governance of Pinnacle ) Tj ET Q q 0 0 1 rg BT 383.08 293.52 Td (W) Tj ET Q q 0 0 1 rg BT 391.72 293.52 Td (est) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 278.18339843750005 m 96.4541015625 278.18339843750005 l s q 0 0 1 rg BT 63.50 279.52 Td (Item 1) Tj ET Q q 0 0 1 rg BT 88.95 279.52 Td (1.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 278.18339843750005 m 205.75390625 278.18339843750005 l s q 0 0 1 rg BT 105.50 279.52 Td (Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 264.18339843750005 m 96.8251953125 264.18339843750005 l s q 0 0 1 rg BT 63.50 265.52 Td (Item 12.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 264.18339843750005 m 510.65625 264.18339843750005 l s q 0 0 1 rg BT 105.50 265.52 Td (Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 250.18339843750005 m 96.8251953125 250.18339843750005 l s q 0 0 1 rg BT 63.50 251.52 Td (Item 13.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 250.18339843750005 m 408.1953125 250.18339843750005 l s q 0 0 1 rg BT 105.50 251.52 Td (Certain Relationships and Related ) Tj ET Q q 0 0 1 rg BT 244.18 251.52 Td (T) Tj ET Q q 0 0 1 rg BT 249.93 251.52 Td (ransactions, and Director Independence) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 236.18339843750005 m 96.8251953125 236.18339843750005 l s q 0 0 1 rg BT 63.50 237.52 Td (Item 14.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 236.18339843750005 m 263.791015625 236.18339843750005 l s q 0 0 1 rg BT 105.50 237.52 Td (Principal ) Tj ET Q q 0 0 1 rg BT 143.55 237.52 Td (Accountant Fees and Services) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 223.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 223.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 223.52 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 51.5 208.18339843750005 m 88.32373046875 208.18339843750005 l s q 0 0 1 rg BT 51.50 209.52 Td (P) Tj ET Q q 0 0 1 rg BT 56.14 209.52 Td (AR) Tj ET Q q 0 0 1 rg BT 69.43 209.52 Td (T) Tj ET Q q 0 0 1 rg BT 75.36 209.52 Td (IV) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 105.50 215.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 63.5 194.18339843750005 m 96.8251953125 194.18339843750005 l s q 0 0 1 rg BT 63.50 195.52 Td (Item 15.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.5 194.18339843750005 m 281.0224609375 194.18339843750005 l s q 0 0 1 rg BT 105.50 195.52 Td (Exhibits and Financial Statement Schedules) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 181.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 181.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 181.52 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 51.5 166.18339843750005 m 112.6181640625 166.18339843750005 l s q 0 0 1 rg BT 51.50 167.52 Td (SIGNA) Tj ET Q q 0 0 1 rg BT 80.95 167.52 Td (TURES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 149.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.50 138.85 Td (This combined Form10-K is separately filed by Pinnacle ) Tj ET Q q 0 0 0 rg BT 305.58 138.85 Td (W) Tj ET Q q 0 0 0 rg BT 314.09 138.85 Td (est and ) Tj ET Q q 0 0 0 rg BT 343.09 138.85 Td (APS. Each r) Tj ET Q q 0 0 0 rg BT 392.43 138.85 Td (egistrant is filing on its own behalf all of the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 128.05 Td (information contained in this Form10-K that r) Tj ET Q q 0 0 0 rg BT 230.08 128.05 Td (elates to such r) Tj ET Q q 0 0 0 rg BT 287.16 128.05 Td (egistrant and, wher) Tj ET Q q 0 0 0 rg BT 361.74 128.05 Td (e r) Tj ET Q q 0 0 0 rg BT 371.82 128.05 Td (equir) Tj ET Q q 0 0 0 rg BT 392.15 128.05 Td (ed, its subsidiaries. Except as stated in the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 117.25 Td (pr) Tj ET Q q 0 0 0 rg BT 58.34 117.25 Td (eceding sentence, neither) Tj ET Q q 0 0 0 rg BT 153.90 117.25 Td ( r) Tj ET Q q 0 0 0 rg BT 159.98 117.25 Td (egistrant is filing any information that does not r) Tj ET Q q 0 0 0 rg BT 346.82 117.25 Td (elate to such r) Tj ET Q q 0 0 0 rg BT 400.39 117.25 Td (egistrant, and ther) Tj ET Q q 0 0 0 rg BT 471.48 117.25 Td (efor) Tj ET Q q 0 0 0 rg BT 486.80 117.25 Td (e makes no ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 106.45 Td (r) Tj ET Q q 0 0 0 rg BT 53.33 106.45 Td (epr) Tj ET Q q 0 0 0 rg BT 66.16 106.45 Td (esentation as to any such information. ) Tj ET Q q 0 0 0 rg BT 216.01 106.45 Td (The information r) Tj ET Q q 0 0 0 rg BT 285.34 106.45 Td (equir) Tj ET Q q 0 0 0 rg BT 305.68 106.45 Td (ed with r) Tj ET Q q 0 0 0 rg BT 340.01 106.45 Td (espect to each company is set forth within the applicable ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 95.65 Td (items. Item 8 of this r) Tj ET Q q 0 0 0 rg BT 133.57 95.65 Td (eport includes Consolidated Financial Statements of Pinnacle ) Tj ET Q q 0 0 0 rg BT 370.66 95.65 Td (W) Tj ET Q q 0 0 0 rg BT 379.16 95.65 Td (est and Consolidated Financial Statements of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 84.85 Td (APS. Item 8 also includes Combined Notes to Consolidated Financial Statements.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 552.9 680.1833984375 m 558.456640625 680.1833984375 l s q 0 0 1 rg BT 552.90 681.52 Td (ii) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 553.5 652.1833984375 m 558.5 652.1833984375 l s q 0 0 1 rg BT 553.50 653.52 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 553.5 624.1833984375 m 558.5 624.1833984375 l s q 0 0 1 rg BT 553.50 625.52 Td (2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 553.5 610.1833984375 m 558.5 610.1833984375 l s q 0 0 1 rg BT 553.50 611.52 Td (2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 596.1833984375 m 558.5 596.1833984375 l s q 0 0 1 rg BT 548.50 597.52 Td (28) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 582.1833984375 m 558.5 582.1833984375 l s q 0 0 1 rg BT 548.50 583.52 Td (40) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 568.1833984375 m 558.5 568.1833984375 l s q 0 0 1 rg BT 548.50 569.52 Td (41) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 554.1833984375 m 558.5 554.1833984375 l s q 0 0 1 rg BT 548.50 555.52 Td (44) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 540.1833984375 m 558.5 540.1833984375 l s q 0 0 1 rg BT 548.50 541.52 Td (44) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 526.1833984375 m 558.5 526.1833984375 l s q 0 0 1 rg BT 548.50 527.52 Td (45) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 498.18339843750005 m 558.5 498.18339843750005 l s q 0 0 1 rg BT 548.50 499.52 Td (46) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 474.28339843750007 m 558.5 474.28339843750007 l s q 0 0 1 rg BT 548.50 475.62 Td (46) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 460.18339843750005 m 558.5 460.18339843750005 l s q 0 0 1 rg BT 548.50 461.52 Td (47) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 446.18339843750005 m 558.5 446.18339843750005 l s q 0 0 1 rg BT 548.50 447.52 Td (49) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 432.18339843750005 m 558.5 432.18339843750005 l s q 0 0 1 rg BT 548.50 433.52 Td (81) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 418.18339843750005 m 558.5 418.18339843750005 l s q 0 0 1 rg BT 548.50 419.52 Td (82) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 404.18339843750005 m 558.5 404.18339843750005 l s q 0 0 1 rg BT 548.50 405.52 Td (86) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 390.18339843750005 m 558.5 390.18339843750005 l s q 0 0 1 rg BT 548.50 391.52 Td (95) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 376.18339843750005 m 558.5 376.18339843750005 l s q 0 0 1 rg BT 543.50 377.52 Td (101) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 362.18339843750005 m 558.5 362.18339843750005 l s q 0 0 1 rg BT 543.50 363.52 Td (179) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 348.18339843750005 m 558.5 348.18339843750005 l s q 0 0 1 rg BT 543.50 349.52 Td (179) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 334.18339843750005 m 558.5 334.18339843750005 l s q 0 0 1 rg BT 543.50 335.52 Td (180) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 306.18339843750005 m 558.5 306.18339843750005 l s q 0 0 1 rg BT 543.50 307.52 Td (180) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 292.18339843750005 m 558.5 292.18339843750005 l s q 0 0 1 rg BT 543.50 293.52 Td (180) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 278.18339843750005 m 558.5 278.18339843750005 l s q 0 0 1 rg BT 543.50 279.52 Td (180) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 264.18339843750005 m 558.5 264.18339843750005 l s q 0 0 1 rg BT 543.50 265.52 Td (181) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 250.18339843750005 m 558.5 250.18339843750005 l s q 0 0 1 rg BT 543.50 251.52 Td (182) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 236.18339843750005 m 558.5 236.18339843750005 l s q 0 0 1 rg BT 543.50 237.52 Td (183) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 208.18339843750005 m 558.5 208.18339843750005 l s q 0 0 1 rg BT 543.50 209.52 Td (184) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 194.18339843750005 m 558.5 194.18339843750005 l s q 0 0 1 rg BT 543.50 195.52 Td (184) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 166.18339843750005 m 558.5 166.18339843750005 l s q 0 0 1 rg BT 543.50 167.52 Td (205) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 11.50 Tf ET q 0 0 0 rg BT 302.80 30.55 Td (ii) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.70 742.10 Td (GLOSSAR) Tj ET Q q 0 0 0 rg BT 239.71 742.10 Td (Y) Tj ET Q q 0 0 0 rg BT 246.57 742.10 Td ( OF NAMES ) Tj ET Q q 0 0 0 rg BT 301.30 742.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 325.29 742.10 Td (TECHNICAL) Tj ET Q q 0 0 0 rg BT 381.57 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.89 742.10 Td (TERMS) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 723.21 Td (4CA) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 723.21 Td (4C ) Tj ET Q q 0 0 0 rg BT 172.31 723.21 Td (Acquisition, LLC, a wholly-owned subsidiary of Pinnacle ) Tj ET Q q 0 0 0 rg BT 371.02 723.21 Td (W) Tj ET Q q 0 0 0 rg BT 378.62 723.21 Td (est) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 710.55 Td (ac) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 710.21 Td (Alternating Current) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 697.21 Td (ACC) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 697.21 Td (Arizona Corporation Commission) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 684.21 Td (ADEQ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 684.21 Td (Arizona Department of Environmental Quality) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 671.21 Td (AFUDC) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 671.21 Td (Allowance for Funds Used During Construction) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 658.21 Td (ANPP) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 658.21 Td (Arizona Nuclear Power Project, also known as Palo ) Tj ET Q q 0 0 0 rg BT 338.65 658.21 Td (V) Tj ET Q q 0 0 0 rg BT 344.24 658.21 Td (erde) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 645.21 Td (APS) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 645.21 Td (Arizona Public Service Company) Tj ET Q q 0 0 0 rg BT 274.24 645.21 Td (, a subsidiary of the Company) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 632.21 Td (ARO) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 632.21 Td (Asset retirement obligations) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 619.21 Td (ASU) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 619.21 Td (Accounting Standards Update) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 606.21 Td (BAR) Tj ET Q q 0 0 0 rg BT 68.72 606.21 Td (T) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 606.21 Td (Best available retrofit technology) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 593.21 Td (Base Fuel Rate) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 593.21 Td (The portion of ) Tj ET Q q 0 0 0 rg BT 211.49 593.21 Td (APS) Tj ET Q q 0 0 0 rg BT 229.45 593.21 Td (s retail base rates attributable to fuel and purchased power costs) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 580.21 Td (BCE) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 580.21 Td (Bright Canyon Ener) Tj ET Q q 0 0 0 rg BT 228.89 580.21 Td (gy Corporation, a subsidiary of the Company) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 567.21 Td (BHP) Tj ET Q q 0 0 0 rg BT 67.88 567.21 Td ( Billiton) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 567.21 Td (BHP) Tj ET Q q 0 0 0 rg BT 176.88 567.21 Td ( Billiton New Mexico Coal,Inc.) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 554.21 Td (BNCC) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 554.21 Td (BHP) Tj ET Q q 0 0 0 rg BT 176.88 554.21 Td ( Navajo Coal Company) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 541.21 Td (CAISO) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 541.21 Td (California Independent System Operator) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 528.21 Td (CCR) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 528.21 Td (Coal combustion residuals) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 515.21 Td (Cholla) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 515.21 Td (Cholla Power Plant) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 502.55 Td (dc) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 160.50 502.55 Td (Direct Current) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 489.21 Td (distributed ener) Tj ET Q q 0 0 0 rg BT 104.53 489.21 Td (gy systems) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 488.96 Td (Small-scale renewable ener) Tj ET Q q 0 0 0 rg BT 253.80 488.96 Td (gy technologies that are located on customers) Tj ET Q q 0 0 0 rg BT 410.85 488.96 Td ( properties, such as rooftop solar systems) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 476.21 Td (DOE) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 476.21 Td (United States Department of Ener) Tj ET Q q 0 0 0 rg BT 275.61 476.21 Td (gy) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 463.21 Td (DOI) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 463.21 Td (United States Department of the Interior) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 450.21 Td (DOJ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 450.21 Td (United States Department of Justice) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 437.21 Td (DSM) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 437.21 Td (Demand side management) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 424.21 Td (EES) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 424.21 Td (Ener) Tj ET Q q 0 0 0 rg BT 176.47 424.21 Td (gy Ef) Tj ET Q q 0 0 0 rg BT 194.96 424.21 Td (ficiency Standard) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 411.21 Td (El Dorado) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 411.21 Td (El Dorado Investment Company) Tj ET Q q 0 0 0 rg BT 270.47 411.21 Td (, a subsidiary of the Company) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 398.21 Td (El Paso) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 398.21 Td (El Paso Electric Company) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 385.21 Td (EP) Tj ET Q q 0 0 0 rg BT 61.03 385.21 Td (A) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 385.21 Td (United States Environmental Protection ) Tj ET Q q 0 0 0 rg BT 297.66 385.21 Td (Agency) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 372.21 Td (FERC) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 372.21 Td (United States Federal Ener) Tj ET Q q 0 0 0 rg BT 251.77 372.21 Td (gy Regulatory Commission) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 359.21 Td (Four Corners) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 359.21 Td (Four Corners Power Plant) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 346.21 Td (GWh) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 346.21 Td (Gigawatt-hour) Tj ET Q q 0 0 0 rg BT 209.90 346.21 Td (, one billion watts per hour) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 333.21 Td (kV) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 333.21 Td (Kilovolt, one thousand volts) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 320.21 Td (kWh) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 320.21 Td (Kilowatt-hour) Tj ET Q q 0 0 0 rg BT 208.49 320.21 Td (, one thousand watts per hour) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 307.21 Td (LFCR) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 307.21 Td (Lost Fixed Cost Recovery Mechanism) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 294.21 Td (MMBtu) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 294.21 Td (One million British ) Tj ET Q q 0 0 0 rg BT 228.66 294.21 Td (Thermal Units) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 281.21 Td (MW) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 281.21 Td (Megawatt, one million watts) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 268.21 Td (MWh) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 268.21 Td (Megawatt-hour) Tj ET Q q 0 0 0 rg BT 212.73 268.21 Td (, one million watts per hour) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 255.21 Td (Native Load) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 255.21 Td (Retail and wholesale sales supplied under traditional cost-based rate regulation) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 242.21 Td (Navajo Plant) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 242.21 Td (Navajo Generating Station) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 229.21 Td (NERC) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 229.21 Td (North ) Tj ET Q q 0 0 0 rg BT 182.22 229.21 Td (American Electric Reliability Corporation) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 218.21 Td (NRC) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 218.21 Td (United States Nuclear Regulatory Commission) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 205.21 Td (NTEC) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 205.21 Td (Navajo ) Tj ET Q q 0 0 0 rg BT 187.09 205.21 Td (T) Tj ET Q q 0 0 0 rg BT 192.06 205.21 Td (ransitional Ener) Tj ET Q q 0 0 0 rg BT 245.89 205.21 Td (gy Company) Tj ET Q q 0 0 0 rg BT 289.21 205.21 Td (, LLC) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 192.21 Td (OCI) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 192.21 Td (Other comprehensive income) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 179.21 Td (OSM) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 179.21 Td (Of) Tj ET Q q 0 0 0 rg BT 169.39 179.21 Td (fice of Surface Mining Reclamation and Enforcement) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 166.21 Td (Palo ) Tj ET Q q 0 0 0 rg BT 68.66 166.21 Td (V) Tj ET Q q 0 0 0 rg BT 74.25 166.21 Td (erde) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 166.21 Td (Palo ) Tj ET Q q 0 0 0 rg BT 177.66 166.21 Td (V) Tj ET Q q 0 0 0 rg BT 183.25 166.21 Td (erde Generating Station or PVGS) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 153.21 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 82.82 153.21 Td (W) Tj ET Q q 0 0 0 rg BT 90.42 153.21 Td (est) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 153.21 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 191.82 153.21 Td (W) Tj ET Q q 0 0 0 rg BT 199.42 153.21 Td (est Capital Corporation \(any use of the words Company) Tj ET Q q 0 0 0 rg BT 392.38 153.21 Td (, we, and our refer to Pinnacle) Tj ET Q q 0 0 0 rg BT 515.46 153.21 Td (W) Tj ET Q q 0 0 0 rg BT 523.06 153.21 Td (est\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 140.21 Td (PSA) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 140.21 Td (Power supply adjustor approved by the ) Tj ET Q q 0 0 0 rg BT 295.30 140.21 Td (ACC to provide for recovery or refund of variations in actual fuel and) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 131.71 Td (purchased power costs compared with the Base Fuel Rate) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 118.21 Td (RES) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 118.21 Td (Arizona Renewable Ener) Tj ET Q q 0 0 0 rg BT 245.86 118.21 Td (gy Standard and ) Tj ET Q q 0 0 0 rg BT 303.07 118.21 Td (T) Tj ET Q q 0 0 0 rg BT 307.89 118.21 Td (arif) Tj ET Q q 0 0 0 rg BT 319.31 118.21 Td (f) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 105.21 Td (Salt River Project or SRP) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 105.21 Td (Salt River Project ) Tj ET Q q 0 0 0 rg BT 222.83 105.21 Td (Agricultural Improvement and Power District) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 92.21 Td (SCE) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 92.21 Td (Southern California Edison Company) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 80.21 Td (TCA) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 80.21 Td (T) Tj ET Q q 0 0 0 rg BT 165.54 80.21 Td (ransmission cost adjustor) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 68.21 Td (TEAM) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 68.21 Td (T) Tj ET Q q 0 0 0 rg BT 165.40 68.21 Td (ax expense adjustor mechanism) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 51.50 56.21 Td (VIE) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 56.21 Td (V) Tj ET Q q 0 0 0 rg BT 165.70 56.21 Td (ariable interest entity) Tj ET Q BT /F1 11.50 Tf ET endstream endobj 11 0 obj <>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.10 32.55 Td (1) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 206.55 739.25 Td (FOR) Tj ET Q q 0 0 0 rg BT 230.42 739.25 Td (W) Tj ET Q q 0 0 0 rg BT 240.65 739.25 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 341.71 739.25 Td (A) Tj ET Q q 0 0 0 rg BT 349.16 739.25 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 725.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 711.65 Td (This document contains forward-looking statements based on current expectations. ) Tj ET Q q 0 0 0 rg BT 472.68 711.65 Td (These forward-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 697.85 Td (looking statements are often identified by words such as estimate, predict, may) Tj ET Q q 0 0 0 rg BT 437.40 697.85 Td (, believe, plan, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 684.05 Td (expect, require, intend, assume, project and similar words. Because actual results may dif) Tj ET Q q 0 0 0 rg BT 514.21 684.05 Td (fer ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 670.25 Td (materially from expectations, we caution readers not to place undue reliance on these statements. ) Tj ET Q q 0 0 0 rg BT 500.72 670.25 Td (A) Tj ET Q q 0 0 0 rg BT 508.39 670.25 Td ( number of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 656.45 Td (factors could cause future results to dif) Tj ET Q q 0 0 0 rg BT 228.13 656.45 Td (fer materially from historical results, or from outcomes currently ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 642.65 Td (expected or sought by Pinnacle ) Tj ET Q q 0 0 0 rg BT 195.88 642.65 Td (W) Tj ET Q q 0 0 0 rg BT 205.81 642.65 Td (est or ) Tj ET Q q 0 0 0 rg BT 233.29 642.65 Td (APS. In addition to the Risk Factors described in Item 1A) Tj ET Q q 0 0 0 rg BT 501.60 642.65 Td ( and in Item ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 628.85 Td (7 Management) Tj ET Q q 0 0 0 rg BT 140.83 628.85 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 220.38 628.85 Td (Analysis of Financial Condition and Results of Operations, these factors ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 615.05 Td (include, but are not limited to:) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 587.75 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 587.75 Td (our ability to manage capital expenditures and operations and maintenance costs while maintaining reliability ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 574.25 Td (and customer service levels;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 560.75 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 560.75 Td (variations in demand for electricity) Tj ET Q q 0 0 0 rg BT 224.83 560.75 Td (, including those due to weather) Tj ET Q q 0 0 0 rg BT 368.09 560.75 Td (, seasonality) Tj ET Q q 0 0 0 rg BT 422.98 560.75 Td (, the general economy) Tj ET Q q 0 0 0 rg BT 521.58 560.75 Td (, ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 547.25 Td (customer and sales growth \(or decline\), and the ef) Tj ET Q q 0 0 0 rg BT 291.90 547.25 Td (fects of ener) Tj ET Q q 0 0 0 rg BT 347.29 547.25 Td (gy conservation measures and distributed ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 533.75 Td (generation;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 520.25 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 520.25 Td (power plant and transmission system performance and outages;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 506.75 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 506.75 Td (competition in retail and wholesale power markets;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 493.25 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 493.25 Td (regulatory and judicial decisions, developments and proceedings;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 479.75 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 479.75 Td (new legislation, ballot initiatives and regulation, including those relating to environmental requirements, ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 466.25 Td (regulatory policy) Tj ET Q q 0 0 0 rg BT 143.93 466.25 Td (, nuclear plant operations and potential deregulation of retail electric markets;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 452.75 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 452.75 Td (fuel and water supply availability;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 439.25 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 439.25 Td (our ability to achieve timely and adequate rate recovery of our costs, including returns on and of debt and ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 425.75 Td (equity capital investment;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 412.25 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 412.25 Td (our ability to meet renewable ener) Tj ET Q q 0 0 0 rg BT 221.29 412.25 Td (gy and ener) Tj ET Q q 0 0 0 rg BT 273.56 412.25 Td (gy ef) Tj ET Q q 0 0 0 rg BT 296.16 412.25 Td (ficiency mandates and recover related costs;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 398.75 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 398.75 Td (risks inherent in the operation of nuclear facilities, including spent fuel disposal uncertainty;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 385.25 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 385.25 Td (current and future economic conditions in ) Tj ET Q q 0 0 0 rg BT 258.07 385.25 Td (Arizona, including in real estate markets;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 371.75 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 371.75 Td (the development of new technologies which may af) Tj ET Q q 0 0 0 rg BT 299.41 371.75 Td (fect electric sales or delivery;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 358.25 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 358.25 Td (the cost of debt and equity capital and the ability to access capital markets when required;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 344.75 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 344.75 Td (environmental, economic and other concerns surrounding coal-fired generation, including regulation of ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 331.25 Td (greenhouse gas emissions;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 317.75 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 317.75 Td (volatile fuel and purchased power costs;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 304.25 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 304.25 Td (the investment performance of the assets of our nuclear decommissioning trust, pension, and other ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 290.75 Td (postretirement benefit plans and the resulting impact on future funding requirements;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 277.25 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 277.25 Td (the liquidity of wholesale power markets and the use of derivative contracts in our business;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 263.75 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 263.75 Td (potential shortfalls in insurance coverage;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 250.25 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 250.25 Td (new accounting requirements or new interpretations of existing requirements;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 236.75 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 236.75 Td (generation, transmission and distribution facility and system conditions and operating costs;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 223.25 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 223.25 Td (the ability to meet the anticipated future need for additional generation and associated transmission facilities ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 209.75 Td (in our region;) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 196.25 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 196.25 Td (the willingness or ability of our counterparties, power plant participants and power plant land owners to meet ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 182.75 Td (contractual or other obligations or extend the rights for continued power plant operations; and) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 49.50 169.25 Td ( ) Tj ET Q BT /F1 11.25 Tf ET q 0 0 0 rg BT 67.50 169.25 Td (restrictions on dividends or other provisions in our credit agreements and ) Tj ET Q q 0 0 0 rg BT 398.99 169.25 Td (ACC orders.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 149.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 135.65 Td (These and other factors are discussed in the Risk Factors described in Item 1A) Tj ET Q q 0 0 0 rg BT 445.42 135.65 Td ( of this report, which ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 121.85 Td (readers should review carefully before placing any reliance on our financial statements or disclosures. Neither ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 108.05 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.77 108.05 Td (W) Tj ET Q q 0 0 0 rg BT 101.70 108.05 Td (est nor ) Tj ET Q q 0 0 0 rg BT 134.92 108.05 Td (APS assumes any obligation to update these statements, even if our internal estimates ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (change, except as required by law) Tj ET Q q 0 0 0 rg BT 204.57 94.25 Td (.) Tj ET Q endstream endobj 13 0 obj <>] /Rotate 0 /Contents 14 0 R>> endobj 14 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.10 32.55 Td (2) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 287.40 730.25 Td (P) Tj ET Q q 0 0 0 rg BT 293.57 730.25 Td (AR) Tj ET Q q 0 0 0 rg BT 309.78 730.25 Td (T) Tj ET Q q 0 0 0 rg BT 317.24 730.25 Td (I) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 254.20 688.85 Td (ITEM 1. BUSINESS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 669.05 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 52.38 669.05 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 97.21 669.05 Td (W) Tj ET Q q 0 0 0 rg BT 108.07 669.05 Td (est) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 649.25 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 130.64 649.25 Td (W) Tj ET Q q 0 0 0 rg BT 140.58 649.25 Td (est is a holding company that conducts business through its subsidiaries. ) Tj ET Q q 0 0 0 rg BT 478.63 649.25 Td (W) Tj ET Q q 0 0 0 rg BT 488.57 649.25 Td (e derive ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 635.45 Td (essentially all of our revenues and earnings from our wholly-owned subsidiary) Tj ET Q q 0 0 0 rg BT 410.28 635.45 Td (, ) Tj ET Q q 0 0 0 rg BT 415.40 635.45 Td (APS. ) Tj ET Q q 0 0 0 rg BT 444.48 635.45 Td (APS is a vertically-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 621.65 Td (integrated electric utility that provides either retail or wholesale electric service to most of the State of ) Tj ET Q q 0 0 0 rg BT 521.16 621.65 Td (Arizona, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 607.85 Td (with the major exceptions of about one-half of the Phoenix metropolitan area, the ) Tj ET Q q 0 0 0 rg BT 426.77 607.85 Td (T) Tj ET Q q 0 0 0 rg BT 433.39 607.85 Td (ucson metropolitan area ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 594.05 Td (and Mohave County in northwestern ) Tj ET Q q 0 0 0 rg BT 220.38 594.05 Td (Arizona.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 580.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 566.45 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 566.45 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 566.45 Td (est) Tj ET Q q 0 0 0 rg BT 153.67 566.45 Td (s other subsidiaries are El Dorado, BCE and 4CA. ) Tj ET Q q 0 0 0 rg BT 389.39 566.45 Td (Additional information related to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 552.65 Td (these subsidiaries is provided later in this report. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 538.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 525.05 Td (Our reportable business segment is our regulated electricity segment, which consists of traditional ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 511.25 Td (regulated retail and wholesale electricity businesses \(primarily electric service to Native Load customers\) and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 497.45 Td (related activities, and includes electricity generation, transmission and distribution.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 483.65 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 160.20 457.85 Td (BUSINESS OF) Tj ET Q q 0 0 0 rg BT 234.23 457.85 Td ( ) Tj ET Q q 0 0 0 rg BT 236.47 457.85 Td (ARIZONA) Tj ET Q q 0 0 0 rg BT 290.15 457.85 Td ( PUBLIC SER) Tj ET Q q 0 0 0 rg BT 361.32 457.85 Td (VICE COMP) Tj ET Q q 0 0 0 rg BT 427.23 457.85 Td (ANY) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 444.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 430.25 Td (APS currently provides electric service to approximately 1.2 million customers. ) Tj ET Q q 0 0 0 rg BT 458.00 430.25 Td (W) Tj ET Q q 0 0 0 rg BT 467.94 430.25 Td (e own or lease ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 416.45 Td (6,236 MW) Tj ET Q q 0 0 0 rg BT 99.12 416.45 Td ( of regulated generation capacity and we hold a mix of both long-term and short-term purchased ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 402.65 Td (power agreements for additional capacity) Tj ET Q q 0 0 0 rg BT 239.06 402.65 Td (, including a variety of agreements for the purchase of renewable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 388.85 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 388.85 Td (gy) Tj ET Q q 0 0 0 rg BT 79.83 388.85 Td (. During 2017, no single purchaser or user of ener) Tj ET Q q 0 0 0 rg BT 311.48 388.85 Td (gy accounted for more than 2.4% of our electric ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.05 Td (revenues.) Tj ET Q endstream endobj 15 0 obj <>] /Rotate 0 /Contents 16 0 R>> endobj 16 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.10 32.55 Td (3) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 734.55 Td (The following map shows ) Tj ET Q q 0 0 0 rg BT 207.52 734.55 Td (APS) Tj ET Q q 0 0 0 rg BT 231.81 734.55 Td (s retail service territory) Tj ET Q q 0 0 0 rg BT 338.04 734.55 Td (, including the locations of its generating ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (facilities and principal transmission lines. ) Tj ET Q /GS0 gs q 425.00 0 0 550.00 93.50 151.95 cm /I34 Do Q BT /F1 11.50 Tf ET BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 124.35 Td (Energy Sour) Tj ET Q q 0 0 0 rg BT 111.59 124.35 Td (ces and Resour) Tj ET Q q 0 0 0 rg BT 185.49 124.35 Td (ce Planning ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 81.00 104.55 Td (T) Tj ET Q q 0 0 0 rg BT 87.22 104.55 Td (o serve its customers, ) Tj ET Q q 0 0 0 rg BT 188.47 104.55 Td (APS obtains power through its various generation stations and through ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 90.75 Td (purchased power agreements. Resource planning is an important function necessary to meet ) Tj ET Q q 0 0 0 rg BT 477.43 90.75 Td (Arizona) Tj ET Q q 0 0 0 rg BT 517.67 90.75 Td (s future ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 76.95 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 76.95 Td (gy needs. ) Tj ET Q q 0 0 0 rg BT 117.63 76.95 Td (APS) Tj ET Q q 0 0 0 rg BT 141.92 76.95 Td (s sources of ener) Tj ET Q q 0 0 0 rg BT 218.67 76.95 Td (gy by type used to supply ener) Tj ET Q q 0 0 0 rg BT 359.00 76.95 Td (gy to Native Load customers during 2017 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 63.15 Td (were as follows: ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 49.35 Td () Tj ET Q endstream endobj 17 0 obj <>] /Rotate 0 /Contents 18 0 R>> endobj 18 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.10 32.55 Td (4) Tj ET Q /GS0 gs q 461.00 0 0 365.00 93.50 372.50 cm /I35 Do Q BT /F1 11.50 Tf ET BT /F2 11.50 Tf ET 0 0 0 RG /GS0 gs 1.09 w 0 i [] 0 d 1 J 1 j 3 M 85.5 348.1003173828125 m 188.02099609375 348.1003173828125 l s q 0 0 0 rg BT 85.50 349.90 Td (Generation Facilities) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 336.10 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 322.30 Td (APS has ownership interests in or leases the coal, nuclear) Tj ET Q q 0 0 0 rg BT 349.48 322.30 Td (, gas, oil and solar generating facilities ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 308.50 Td (described below) Tj ET Q q 0 0 0 rg BT 123.80 308.50 Td (. For additional information regarding these facilities, see Item 2.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 294.70 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 280.90 Td (Coal-Fueled Generating Facilities) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 267.10 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 253.30 Td (Four Corners) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 149.08 253.30 Td ( Four Corners is located in the northwestern corner of New Mexico, and was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 239.50 Td (originally a 5-unit coal-fired power plant. ) Tj ET Q q 0 0 0 rg BT 245.58 239.50 Td (APS owns 100% of Units 1, 2 and 3, which were retired as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 225.70 Td (December 30, 2013. ) Tj ET Q q 0 0 0 rg BT 147.86 225.70 Td (APS operates the plant and owns 63% of Four Corners Units 4 and 5 following the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 211.90 Td (acquisition of SCE) Tj ET Q q 0 0 0 rg BT 139.58 211.90 Td (s interest in Units 4 and 5 described below) Tj ET Q q 0 0 0 rg BT 334.30 211.90 Td (. ) Tj ET Q q 0 0 0 rg BT 342.29 211.90 Td (APS has a total entitlement from Four Corners ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 198.10 Td (of 970 MW) Tj ET Q q 0 0 0 rg BT 102.10 198.10 Td (. ) Tj ET Q q 0 0 0 rg BT 110.09 198.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 167.48 198.10 Td (, 4CA, a wholly-owned subsidiary of Pinnacle ) Tj ET Q q 0 0 0 rg BT 382.87 198.10 Td (W) Tj ET Q q 0 0 0 rg BT 392.81 198.10 Td (est, owns 7% of Units 4 and 5 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 184.35 Td (following its acquisition of El Paso's interest in these units described below) Tj ET Q q 0 0 0 rg BT 395.46 184.35 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 170.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 156.75 Td (On December 30, 2013, ) Tj ET Q q 0 0 0 rg BT 197.92 156.75 Td (APS purchased SCE) Tj ET Q q 0 0 0 rg BT 295.67 156.75 Td (s 48% interest in each of Units 4 and 5 of Four Corners. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 142.95 Td (The final purchase price for the interest was approximately $182 million. In connection with ) Tj ET Q q 0 0 0 rg BT 480.00 142.95 Td (APS) Tj ET Q q 0 0 0 rg BT 504.29 142.95 Td (s prior ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 129.15 Td (general retail rate case with the ) Tj ET Q q 0 0 0 rg BT 195.10 129.15 Td (ACC, the ) Tj ET Q q 0 0 0 rg BT 240.78 129.15 Td (ACC reserved the right to review the prudence of the Four Corners ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 115.35 Td (transaction for cost recovery purposes upon the closing of the transaction. On December 23, 2014, the ) Tj ET Q q 0 0 0 rg BT 524.07 115.35 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 101.55 Td (approved rate adjustments related to ) Tj ET Q q 0 0 0 rg BT 218.43 101.55 Td (APS) Tj ET Q q 0 0 0 rg BT 242.73 101.55 Td (s acquisition of SCE) Tj ET Q q 0 0 0 rg BT 340.16 101.55 Td (s interest in Four Corners resulting in a revenue ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 87.75 Td (increase of $57.1 million on an annual basis. ) Tj ET Q q 0 0 0 rg BT 260.40 87.75 Td (This decision was appealed and on September 26, 2017, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 73.95 Td (Court of ) Tj ET Q q 0 0 0 rg BT 90.39 73.95 Td (Appeals af) Tj ET Q q 0 0 0 rg BT 139.68 73.95 Td (firmed the ) Tj ET Q q 0 0 0 rg BT 189.50 73.95 Td (ACC's decision on the Four Corners rate adjustment.) Tj ET Q endstream endobj 19 0 obj <>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.10 32.55 Td (5) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 734.55 Td (Concurrently with the closing of the SCE transaction, BHP) Tj ET Q q 0 0 0 rg BT 356.89 734.55 Td ( Billiton, the parent company of BNCC, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (coal supplier and operator of the mine that served Four Corners, transferred its ownership of BNCC to NTEC, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (a company formed by the Navajo Nation to own the mine and develop other ener) Tj ET Q q 0 0 0 rg BT 422.29 706.95 Td (gy projects. BHP) Tj ET Q q 0 0 0 rg BT 503.64 706.95 Td ( Billiton was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (retained by NTEC under contract as the mine manager and operator through 2016. ) Tj ET Q q 0 0 0 rg BT 433.67 693.15 Td (Also occurring ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (concurrently with the closing, the Four Corners) Tj ET Q q 0 0 0 rg BT 270.62 679.35 Td ( co-owners executed a long-term agreement for the supply of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (coal to Four Corners from July 2016 through 2031 \(the "2016 Coal Supply ) Tj ET Q q 0 0 0 rg BT 395.66 665.55 Td (Agreement"\). El Paso, a 7% owner ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (in Units 4 and 5 of Four Corners, did not sign the 2016 Coal Supply ) Tj ET Q q 0 0 0 rg BT 364.47 651.75 Td (Agreement. Under the 2016 Coal Supply ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 105.70 637.95 Td (APS agreed to assume the 7% shortfall obligation. \(See Note 10 for a discussion of a pending ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (arbitration related to the 2016 Coal Supply ) Tj ET Q q 0 0 0 rg BT 248.48 624.15 Td (Agreement.\) On February 17, 2015, ) Tj ET Q q 0 0 0 rg BT 418.71 624.15 Td (APS and El Paso entered into ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (an asset purchase agreement providing for the purchase by ) Tj ET Q q 0 0 0 rg BT 321.26 610.35 Td (APS, or an af) Tj ET Q q 0 0 0 rg BT 383.01 610.35 Td (filiate of ) Tj ET Q q 0 0 0 rg BT 424.53 610.35 Td (APS, of El Paso) Tj ET Q q 0 0 0 rg BT 501.85 610.35 Td (s 7% interest ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (in each of Units 4 and 5 of Four Corners. 4CA) Tj ET Q q 0 0 0 rg BT 265.42 596.55 Td ( purchased the El Paso interest on July 6, 2016. ) Tj ET Q q 0 0 0 rg BT 488.47 596.55 Td (The purchase ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (price was immaterial in amount, and 4CA) Tj ET Q q 0 0 0 rg BT 241.44 582.75 Td ( assumed El Paso's reclamation and decommissioning obligations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (associated with the 7% interest. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 545.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 545.15 Td (NTEC had the option to purchase the 7% interest within a certain timeframe pursuant to an option ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 531.35 Td (granted to NTEC. On December 29, 2015, NTEC provided notice of its intent to exercise the option. ) Tj ET Q q 0 0 0 rg BT 520.37 531.35 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 517.55 Td (purchase did not occur during the originally contemplated timeframe. ) Tj ET Q q 0 0 0 rg BT 374.71 517.55 Td (The parties are currently in discussions ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 503.75 Td (as to the future of the option transaction. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 476.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 476.15 Td (The 2016 Coal Supply ) Tj ET Q q 0 0 0 rg BT 191.56 476.15 Td (Agreement contains alternate pricing terms for the 7% shortfall obligations in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 462.35 Td (the event NTEC does not purchase the interest. ) Tj ET Q q 0 0 0 rg BT 271.14 462.35 Td (At this time, since NTEC has not yet purchased the 7% ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 448.55 Td (interest, the alternate pricing provisions are applicable to 4CA) Tj ET Q q 0 0 0 rg BT 334.68 448.55 Td ( as the holder of the 7% interest. ) Tj ET Q q 0 0 0 rg BT 489.04 448.55 Td (These terms ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 434.75 Td (include a formula under which NTEC must make certain payments to 4CA) Tj ET Q q 0 0 0 rg BT 393.46 434.75 Td ( for reimbursement of operations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 420.95 Td (and maintenance costs and a specified rate of return, of) Tj ET Q q 0 0 0 rg BT 302.83 420.95 Td (fset by revenue generated by 4CA) Tj ET Q q 0 0 0 rg BT 458.34 420.95 Td () Tj ET Q q 0 0 0 rg BT 461.54 420.95 Td (s power sales. Such ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 407.15 Td (payments are due to 4CA) Tj ET Q q 0 0 0 rg BT 165.75 407.15 Td ( at the end of each calendar year) Tj ET Q q 0 0 0 rg BT 313.57 407.15 Td (. ) Tj ET Q q 0 0 0 rg BT 321.56 407.15 Td (A) Tj ET Q q 0 0 0 rg BT 329.23 407.15 Td ( $10 million payment was due to 4CA) Tj ET Q q 0 0 0 rg BT 503.96 407.15 Td ( at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 393.35 Td (December 31, 2017, which NTEC satisfied by directing to 4CA) Tj ET Q q 0 0 0 rg BT 341.74 393.35 Td ( a prepayment from ) Tj ET Q q 0 0 0 rg BT 434.35 393.35 Td (APS of a portion of a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 379.55 Td (future mine reclamation obligation. ) Tj ET Q q 0 0 0 rg BT 217.91 379.55 Td (The balance of the amount under this formula at December 31, 2017 is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 365.75 Td (approximately $20 million, which is due to 4CA) Tj ET Q q 0 0 0 rg BT 271.82 365.75 Td ( at December 31, 2018. In future years there may be similar ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 351.95 Td (payments due from NTEC to 4CA) Tj ET Q q 0 0 0 rg BT 206.97 351.95 Td ( under this formula. 4CA) Tj ET Q q 0 0 0 rg BT 324.52 351.95 Td ( believes NTEC should continue to satisfy its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 338.15 Td (contractual obligations related to these payments; however) Tj ET Q q 0 0 0 rg BT 319.21 338.15 Td (, if NTEC fails to meet its contractual obligations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 324.35 Td (when due, 4CA) Tj ET Q q 0 0 0 rg BT 120.73 324.35 Td ( will consider appropriate measures and potential impacts to the Company's financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 310.55 Td (statements. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 282.95 Td (APS, on behalf of the Four Corners participants, negotiated amendments to an existing facility lease ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 269.15 Td (with the Navajo Nation, which extends the Four Corners leasehold interest from 2016 to 2041. ) Tj ET Q q 0 0 0 rg BT 490.05 269.15 Td (The Navajo ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 255.35 Td (Nation approved these amendments in March201) Tj ET Q q 0 0 0 rg BT 278.38 255.35 Td (1. ) Tj ET Q q 0 0 0 rg BT 292.54 255.35 Td (The ef) Tj ET Q q 0 0 0 rg BT 322.02 255.35 Td (fectiveness of the amendments also required the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 241.55 Td (approval of the DOI, as did a related federal rights-of-way grant. ) Tj ET Q q 0 0 0 rg BT 352.22 241.55 Td (A) Tj ET Q q 0 0 0 rg BT 359.89 241.55 Td ( federal environmental review was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 227.75 Td (undertaken as part of the DOI review process, and culminated in the issuance by DOI of a record of decision ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 213.95 Td (on July 17, 2015 justifying the agency action extending the life of the plant and the adjacent mine. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 186.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 186.35 Td (On ) Tj ET Q q 0 0 0 rg BT 101.80 186.35 Td (April 20, 2016, several environmental groups filed a lawsuit against OSM and other federal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 172.55 Td (agencies in the District of ) Tj ET Q q 0 0 0 rg BT 169.90 172.55 Td (Arizona in connection with their issuance of the approvals that extended the life of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 158.75 Td (Four Corners and the adjacent mine. ) Tj ET Q q 0 0 0 rg BT 222.39 158.75 Td (The lawsuit alleges that these federal agencies violated both the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 144.95 Td (Endangered Species ) Tj ET Q q 0 0 0 rg BT 144.66 144.95 Td (Act \("ESA"\) and the National Environmental Policy ) Tj ET Q q 0 0 0 rg BT 387.52 144.95 Td (Act \("NEP) Tj ET Q q 0 0 0 rg BT 436.20 144.95 Td (A"\) in providing the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 131.15 Td (federal approvals necessary to extend operations at Four Corners and the adjacent Navajo Mine past July 6, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 117.35 Td (2016. ) Tj ET Q q 0 0 0 rg BT 80.49 117.35 Td (APS filed a motion to intervene in the proceedings, which was granted on ) Tj ET Q q 0 0 0 rg BT 422.23 117.35 Td (August 3, 2016. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 89.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 89.75 Td (On September 15, 2016, NTEC, the company that owns the adjacent mine, filed a motion to intervene ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 75.95 Td (for the purpose of dismissing the lawsuit based on NTEC's tribal sovereign immunity) Tj ET Q q 0 0 0 rg BT 441.14 75.95 Td (. On September 1) Tj ET Q q 0 0 0 rg BT 524.08 75.95 Td (1, 2017, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 62.15 Td (the ) Tj ET Q q 0 0 0 rg BT 65.79 62.15 Td (Arizona District Court issued an order granting NTEC's motion, dismissing the litigation with prejudice, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 48.35 Td (and terminating the proceedings. On November 9, 2017, the environmental group plaintif) Tj ET Q q 0 0 0 rg BT 463.51 48.35 Td (fs appealed the ) Tj ET Q endstream endobj 21 0 obj <>] /Rotate 0 /Contents 22 0 R>> endobj 22 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.10 32.55 Td (6) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (district court order dismissing their lawsuit. ) Tj ET Q q 0 0 0 rg BT 255.63 734.55 Td (W) Tj ET Q q 0 0 0 rg BT 265.56 734.55 Td (e cannot predict whether this appeal will be successful and, if it ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (is successful, the outcome of further district court proceedings.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 706.95 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 693.15 Td (Cholla) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 116.81 693.15 Td ( Cholla was originally a 4-unit coal-fired power plant, which is located in northeastern ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 94.53 679.35 Td (APS operates the plant and owns 100% of Cholla Units 1, 2 and 3. PacifiCorp owns Cholla Unit 4, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (and ) Tj ET Q q 0 0 0 rg BT 68.35 665.55 Td (APS operates that unit for PacifiCorp. On September 1) Tj ET Q q 0 0 0 rg BT 323.43 665.55 Td (1, 2014, ) Tj ET Q q 0 0 0 rg BT 363.05 665.55 Td (APS announced that it would close its 260 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (MW) Tj ET Q q 0 0 0 rg BT 70.37 651.75 Td ( Unit 2 at Cholla and cease burning coal at Units 1 and 3 by the mid-2020s if EP) Tj ET Q q 0 0 0 rg BT 439.17 651.75 Td (A) Tj ET Q q 0 0 0 rg BT 446.84 651.75 Td ( approves a compromise ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (proposal of) Tj ET Q q 0 0 0 rg BT 101.35 637.95 Td (fered by ) Tj ET Q q 0 0 0 rg BT 141.59 637.95 Td (APS to meet required environmental and emissions standards and rules. On ) Tj ET Q q 0 0 0 rg BT 493.88 637.95 Td (April 14, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (2015, the ) Tj ET Q q 0 0 0 rg BT 94.54 624.15 Td (ACC approved ) Tj ET Q q 0 0 0 rg BT 166.09 624.15 Td (APS's plan to retire Unit 2, without expressing any view on the future recoverability ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (of ) Tj ET Q q 0 0 0 rg BT 61.32 610.35 Td (APS's remaining investment in the Unit, which was later addressed in the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 478.93 610.35 Td (Agreement. \(See ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (Note 3 for details related to the resulting regulatory asset and allowed recovery set forth in the 2017 Settlement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (Agreement.\) ) Tj ET Q q 0 0 0 rg BT 112.41 582.75 Td (APS believes that the environmental benefits of this proposal are greater in the long-term than the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (benefits that would have resulted from adding the emissions control equipment. ) Tj ET Q q 0 0 0 rg BT 420.95 568.95 Td (APS closed Unit 2 on October ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (1, 2015. Following the closure of Unit 2, ) Tj ET Q q 0 0 0 rg BT 242.44 555.15 Td (APS has a total entitlement from Cholla of 387 MW) Tj ET Q q 0 0 0 rg BT 481.89 555.15 Td (. In early 2017, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (EP) Tj ET Q q 0 0 0 rg BT 61.87 541.35 Td (A) Tj ET Q q 0 0 0 rg BT 69.54 541.35 Td ( approved a final rule incorporating ) Tj ET Q q 0 0 0 rg BT 234.95 541.35 Td (APS's compromise proposal, which took ef) Tj ET Q q 0 0 0 rg BT 433.58 541.35 Td (fect for Cholla on ) Tj ET Q q 0 0 0 rg BT 517.25 541.35 Td (April 26, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (2017. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 499.95 Td (APS purchases all of Cholla) Tj ET Q q 0 0 0 rg BT 218.38 499.95 Td (s coal requirements from a coal supplier that mines all of the coal under ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (long-term leases of coal reserves with the federal and state governments and private landholders. ) Tj ET Q q 0 0 0 rg BT 500.20 486.15 Td (The Cholla ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (coal contract runs through 2024. In addition, ) Tj ET Q q 0 0 0 rg BT 259.65 472.35 Td (APS has a coal transportation contract that runs through 2019. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 458.55 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 444.75 Td (Navajo Plant) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 146.51 444.75 Td ( ) Tj ET Q q 0 0 0 rg BT 163.55 444.75 Td (The Navajo Plant is a 3-unit coal-fired power plant located in northern ) Tj ET Q q 0 0 0 rg BT 489.93 444.75 Td (Arizona. Salt ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (River Project operates the plant and ) Tj ET Q q 0 0 0 rg BT 216.20 430.95 Td (APS owns a 14% interest in Navajo Units 1, 2 and 3. ) Tj ET Q q 0 0 0 rg BT 465.04 430.95 Td (APS has a total ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (entitlement from the Navajo Plant of 315 MW) Tj ET Q q 0 0 0 rg BT 261.47 417.15 Td (. ) Tj ET Q q 0 0 0 rg BT 269.89 417.15 Td (The Navajo Plant) Tj ET Q q 0 0 0 rg BT 353.56 417.15 Td (s coal requirements are purchased from a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td (supplier with long-term leases from the Navajo Nation and the Hopi ) Tj ET Q q 0 0 0 rg BT 365.79 403.35 Td (T) Tj ET Q q 0 0 0 rg BT 372.41 403.35 Td (ribe. ) Tj ET Q q 0 0 0 rg BT 398.71 403.35 Td (The Navajo Plant is under contract ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td (with its coal supplier through 2019, with extension rights through 2026. ) Tj ET Q q 0 0 0 rg BT 385.33 389.55 Td (The Navajo Plant site is leased from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td (the Navajo Nation and is also subject to an easement from the federal government. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 348.15 Td (The co-owners of the Navajo Plant and the Navajo Nation agreed that the Navajo Plant will remain in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.35 Td (operation until December 2019 under the existing plant lease. ) Tj ET Q q 0 0 0 rg BT 338.31 334.35 Td (The co-owners and the Navajo Nation executed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (a lease extension on November 29, 2017 that will allow for decommissioning activities to begin after the plant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (ceases operations in December 2019. ) Tj ET Q q 0 0 0 rg BT 225.88 306.75 Td (V) Tj ET Q q 0 0 0 rg BT 232.92 306.75 Td (arious stakeholders including regulators, tribal representatives, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td (plant's coal supplier and DOI have been meeting to determine if an alternate solution can be reached that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.15 Td (would permit continued operation of the plant beyond 2019. ) Tj ET Q q 0 0 0 rg BT 331.52 279.15 Td (Although we cannot predict whether any alternate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.35 Td (plans will be found that would be acceptable to all of the stakeholders and feasible to implement, we believe it ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.55 Td (is probable that the Navajo Plant will cease operations in 2019. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 223.95 Td (APS is currently recovering depreciation and a return on the net book value of its interest in the Navajo ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.15 Td (Plant over its previously estimated life through 2026. ) Tj ET Q q 0 0 0 rg BT 299.28 210.15 Td (APS will seek continued recovery in rates for the book ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.35 Td (value of its remaining investment in the plant \(see Note 3 for details related to the resulting regulatory asset\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.55 Td (plus a return on the net book value as well as other costs related to retirement and closure, which are still being ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.75 Td (assessed and which may be material.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 154.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 141.15 Td (On February 14, 2017, the ) Tj ET Q q 0 0 0 rg BT 209.11 141.15 Td (ACC opened a docket titled "ACC Investigation Concerning the Future of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.35 Td (the Navajo Generating Station" with the stated goal of engaging stakeholders and negotiating a sustainable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.55 Td (pathway for the Navajo Plant to continue operating in some form after December 2019. ) Tj ET Q q 0 0 0 rg BT 457.00 113.55 Td (APS cannot predict ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 99.75 Td (the outcome of this proceeding.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 85.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 72.15 Td (These coal-fueled plants face uncertainties, including those related to existing and potential legislation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.35 Td (and regulation, that could significantly impact their economics and operations. See Environmental Matters ) Tj ET Q endstream endobj 23 0 obj <>] /Rotate 0 /Contents 24 0 R>> endobj 24 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.10 32.55 Td (7) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (below and Management) Tj ET Q q 0 0 0 rg BT 168.29 734.55 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 247.84 734.55 Td (Analysis of Financial Condition and Results of Operations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (Overview and Capital Expenditures in Item 7 for developments impacting these coal-fueled facilities. See ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (Note 10 for information regarding ) Tj ET Q q 0 0 0 rg BT 208.86 706.95 Td (APS) Tj ET Q q 0 0 0 rg BT 233.16 706.95 Td (s coal mine reclamation obligations.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 679.35 Td (Nuclear) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 662.55 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 88.38 662.55 Td (Palo V) Tj ET Q q 0 0 0 rg BT 118.72 662.55 Td (er) Tj ET Q q 0 0 0 rg BT 127.87 662.55 Td (de Generating Station ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 242.54 662.55 Td ( Palo ) Tj ET Q q 0 0 0 rg BT 268.53 662.55 Td (V) Tj ET Q q 0 0 0 rg BT 275.56 662.55 Td (erde is a 3-unit nuclear power plant located approximately 50 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 648.75 Td (miles west of Phoenix, ) Tj ET Q q 0 0 0 rg BT 156.51 648.75 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 201.54 648.75 Td (APS operates the plant and owns 29.1% of Palo ) Tj ET Q q 0 0 0 rg BT 424.28 648.75 Td (V) Tj ET Q q 0 0 0 rg BT 431.31 648.75 Td (erde Units 1 and 3 and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 634.95 Td (approximately 17% of Unit 2. In addition, ) Tj ET Q q 0 0 0 rg BT 248.17 634.95 Td (APS leases approximately 12.1% of Unit 2, resulting in a 29.1% ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 621.15 Td (combined ownership and leasehold interest in that unit. ) Tj ET Q q 0 0 0 rg BT 308.84 621.15 Td (APS has a total entitlement from Palo ) Tj ET Q q 0 0 0 rg BT 485.27 621.15 Td (V) Tj ET Q q 0 0 0 rg BT 492.30 621.15 Td (erde of 1,146 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 607.35 Td (MW) Tj ET Q q 0 0 0 rg BT 69.52 607.35 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 593.55 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 579.75 Td (Palo V) Tj ET Q q 0 0 0 rg BT 115.85 579.75 Td (er) Tj ET Q q 0 0 0 rg BT 125.00 579.75 Td (de Leases ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 183.13 579.75 Td ( In 1986, ) Tj ET Q q 0 0 0 rg BT 226.58 579.75 Td (APS entered into agreements with three separate lessor trust entities in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 565.95 Td (order to sell and lease back approximately 42% of its share of Palo ) Tj ET Q q 0 0 0 rg BT 359.38 565.95 Td (V) Tj ET Q q 0 0 0 rg BT 366.41 565.95 Td (erde Unit 2 and certain common facilities. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 552.15 Td (The leaseback was originally scheduled to expire at the end of 2015 and contained options to renew the leases ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 538.35 Td (or to purchase the leased property for fair market value at the end of the lease terms. On July7, 2014, ) Tj ET Q q 0 0 0 rg BT 521.17 538.35 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 524.55 Td (exercised the fixed rate lease renewal options. ) Tj ET Q q 0 0 0 rg BT 266.74 524.55 Td (The exercise of the renewal options resulted in ) Tj ET Q q 0 0 0 rg BT 483.90 524.55 Td (APS retaining ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 510.75 Td (the assets through 2023 under one lease and 2033 under the other two leases. ) Tj ET Q q 0 0 0 rg BT 408.47 510.75 Td (At the end of the lease renewal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 496.95 Td (periods, ) Tj ET Q q 0 0 0 rg BT 88.47 496.95 Td (APS willhave the option to purchase the leased assets at their fair market value, extend the leases for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 483.15 Td (up to two years, or return the assets to the lessors. See Note 18 for additional information regarding the Palo ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 469.35 Td (V) Tj ET Q q 0 0 0 rg BT 56.53 469.35 Td (erde Unit 2 sale leaseback transactions.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 455.55 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 441.75 Td (Palo V) Tj ET Q q 0 0 0 rg BT 115.85 441.75 Td (er) Tj ET Q q 0 0 0 rg BT 125.00 441.75 Td (de Operating Licenses) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 228.48 441.75 Td ( Operation of each of the three Palo ) Tj ET Q q 0 0 0 rg BT 409.34 441.75 Td (V) Tj ET Q q 0 0 0 rg BT 416.37 441.75 Td (erde Units requires an ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 427.95 Td (operating license from the NRC. ) Tj ET Q q 0 0 0 rg BT 204.83 427.95 Td (The NRC issued full power operating licenses for Unit 1 in June1985, Unit 2 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 414.15 Td (in ) Tj ET Q q 0 0 0 rg BT 60.69 414.15 Td (April1986 and Unit 3 in November1987, and issued renewed operating licenses for each of the three units ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 400.35 Td (in ) Tj ET Q q 0 0 0 rg BT 60.69 400.35 Td (April201) Tj ET Q q 0 0 0 rg BT 104.66 400.35 Td (1, which extended the licenses for Units 1, 2 and 3 to June2045, ) Tj ET Q q 0 0 0 rg BT 403.93 400.35 Td (April2046 and November2047, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 386.55 Td (respectively) Tj ET Q q 0 0 0 rg BT 104.31 386.55 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 372.75 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 358.95 Td (Palo V) Tj ET Q q 0 0 0 rg BT 115.85 358.95 Td (er) Tj ET Q q 0 0 0 rg BT 125.00 358.95 Td (de Fuel Cycle ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 201.96 358.95 Td ( ) Tj ET Q q 0 0 0 rg BT 204.63 358.95 Td (The Palo ) Tj ET Q q 0 0 0 rg BT 248.49 358.95 Td (V) Tj ET Q q 0 0 0 rg BT 255.52 358.95 Td (erde participants are continually identifying their future nuclear ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 345.15 Td (fuel resource needs and negotiating arrangements to fill those needs. ) Tj ET Q q 0 0 0 rg BT 369.91 345.15 Td (The fuel cycle for Palo ) Tj ET Q q 0 0 0 rg BT 477.95 345.15 Td (V) Tj ET Q q 0 0 0 rg BT 484.98 345.15 Td (erde is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 331.35 Td (comprised of the following stages:) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 314.55 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 314.55 Td (mining and milling of uranium ore to produce uranium concentrates;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 300.75 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 300.75 Td (conversion of uranium concentrates to uranium hexafluoride;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 286.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 286.95 Td (enrichment of uranium hexafluoride;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 273.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 273.15 Td (fabrication of fuel assemblies;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 259.35 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 259.35 Td (utilization of fuel assemblies in reactors; and) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 245.55 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 245.55 Td (storage and disposal of spent nuclear fuel.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 231.75 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 217.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 217.95 Td (The Palo ) Tj ET Q q 0 0 0 rg BT 129.37 217.95 Td (V) Tj ET Q q 0 0 0 rg BT 136.40 217.95 Td (erde participants have contracted for 100% of Palo ) Tj ET Q q 0 0 0 rg BT 372.49 217.95 Td (V) Tj ET Q q 0 0 0 rg BT 379.52 217.95 Td (erde) Tj ET Q q 0 0 0 rg BT 402.50 217.95 Td (s requirements for uranium ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 204.15 Td (concentrates through 2023 and 50% of its requirements for 2024 and 2025. ) Tj ET Q q 0 0 0 rg BT 396.66 204.15 Td (Additionally) Tj ET Q q 0 0 0 rg BT 454.05 204.15 Td (, Palo ) Tj ET Q q 0 0 0 rg BT 482.91 204.15 Td (V) Tj ET Q q 0 0 0 rg BT 489.94 204.15 Td (erde has ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 190.35 Td (multiple contracts in various phases of negotiation to procure an additional 2.5 million pounds of uranium ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 176.55 Td (concentrates \(equivalent to 1.5 years supply\). Once these new contracts are completed, Palo ) Tj ET Q q 0 0 0 rg BT 474.65 176.55 Td (V) Tj ET Q q 0 0 0 rg BT 481.68 176.55 Td (erde will have ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (100% of uranium concentrates assured through 2026. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 135.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 135.15 Td (The Palo ) Tj ET Q q 0 0 0 rg BT 129.37 135.15 Td (V) Tj ET Q q 0 0 0 rg BT 136.40 135.15 Td (erde participants have also contracted for 100% of its requirements for conversion services ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 121.35 Td (through 2021 and 46% of its requirements for 2022 through 2025. ) Tj ET Q q 0 0 0 rg BT 355.49 121.35 Td (Additionally) Tj ET Q q 0 0 0 rg BT 412.88 121.35 Td (, Palo ) Tj ET Q q 0 0 0 rg BT 441.74 121.35 Td (V) Tj ET Q q 0 0 0 rg BT 448.77 121.35 Td (erde has two contracts ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 107.55 Td (in negotiation to procure an additional 2.9 million kilograms of elemental uranium of conversion services ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 93.75 Td (\(equivalent to 4.3 years supply\). Once these new contracts are completed, Palo ) Tj ET Q q 0 0 0 rg BT 414.30 93.75 Td (V) Tj ET Q q 0 0 0 rg BT 421.33 93.75 Td (erde will have 100% of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 79.95 Td (conversion services assured through 2027.) Tj ET Q endstream endobj 25 0 obj <>] /Rotate 0 /Contents 26 0 R>> endobj 26 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.10 32.55 Td (8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 734.20 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 734.20 Td (The Palo ) Tj ET Q q 0 0 0 rg BT 129.37 734.20 Td (V) Tj ET Q q 0 0 0 rg BT 136.40 734.20 Td (erde participants have also contracted for 100% of its requirements for enrichment services ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.40 Td (through 2020 and 20% of its enrichment services for 2021 through 2026. ) Tj ET Q q 0 0 0 rg BT 387.10 720.40 Td (Additionally) Tj ET Q q 0 0 0 rg BT 444.49 720.40 Td (, Palo ) Tj ET Q q 0 0 0 rg BT 473.35 720.40 Td (V) Tj ET Q q 0 0 0 rg BT 480.38 720.40 Td (erde has several ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.60 Td (contracts in negotiation to procure an additional 2.3 million separative work units of enrichment services ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 692.80 Td (\(equivalent to 4.3 years supply\). Once these new contracts are completed, Palo ) Tj ET Q q 0 0 0 rg BT 414.30 692.80 Td (V) Tj ET Q q 0 0 0 rg BT 421.33 692.80 Td (erde will have 100% of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.00 Td (enrichment services assured through 2021, 90% in 2022 and 80% in 2023 through 2026.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.40 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 651.40 Td (The Palo ) Tj ET Q q 0 0 0 rg BT 129.37 651.40 Td (V) Tj ET Q q 0 0 0 rg BT 136.40 651.40 Td (erde participants have contracted for 100% of its requirements for fuel fabrication through ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.60 Td (2024.) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 610.00 Td (Spent Nuclear Fuel and W) Tj ET Q q 0 0 0 rg BT 206.45 610.00 Td (aste Disposal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 281.85 610.00 Td ( ) Tj ET Q q 0 0 0 rg BT 284.51 610.00 Td (The Nuclear ) Tj ET Q q 0 0 0 rg BT 344.33 610.00 Td (W) Tj ET Q q 0 0 0 rg BT 354.26 610.00 Td (aste Policy ) Tj ET Q q 0 0 0 rg BT 406.65 610.00 Td (Act of 1982 \(NWP) Tj ET Q q 0 0 0 rg BT 497.89 610.00 Td (A\) required ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.20 Td (the DOE to accept, transport, and dispose of spent nuclear fuel and high level waste generated by the nation) Tj ET Q q 0 0 0 rg BT 548.32 596.20 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.40 Td (nuclear power plants by 1998. ) Tj ET Q q 0 0 0 rg BT 193.97 582.40 Td (The DOE) Tj ET Q q 0 0 0 rg BT 241.55 582.40 Td (s obligations are reflected in a contract for Disposal of Spent Nuclear ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.60 Td (Fuel and/or High-Level Radioactive ) Tj ET Q q 0 0 0 rg BT 218.55 568.60 Td (W) Tj ET Q q 0 0 0 rg BT 228.48 568.60 Td (aste \(the Standard Contract\) with each nuclear power plant. ) Tj ET Q q 0 0 0 rg BT 517.26 568.60 Td (The DOE ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 554.80 Td (failed to begin accepting spent nuclear fuel by 1998. ) Tj ET Q q 0 0 0 rg BT 295.72 554.80 Td (APS is directly and indirectly involved in several legal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.00 Td (proceedings related to DOE) Tj ET Q q 0 0 0 rg BT 180.75 541.00 Td (s failure to meet its statutory and contractual obligations regarding acceptance of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.20 Td (spent nuclear fuel and high level waste.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 513.40 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 499.60 Td (APS Lawsuit for Br) Tj ET Q q 0 0 0 rg BT 174.85 499.60 Td (each of Standar) Tj ET Q q 0 0 0 rg BT 247.25 499.60 Td (d Contract) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 296.77 499.60 Td ( In December2003, ) Tj ET Q q 0 0 0 rg BT 404.71 499.60 Td (APS, acting on behalf of itself ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 485.80 Td (and the participant owners of Palo ) Tj ET Q q 0 0 0 rg BT 209.61 485.80 Td (V) Tj ET Q q 0 0 0 rg BT 216.64 485.80 Td (erde, filed a lawsuit against DOE in the United States Court of Federal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.00 Td (Claims \("Court of Federal Claims"\) for damages incurred due to DOE) Tj ET Q q 0 0 0 rg BT 375.07 472.00 Td (s breach of the Standard Contract. ) Tj ET Q q 0 0 0 rg BT 537.09 472.00 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.20 Td (Court of Federal Claims ruled in favor of ) Tj ET Q q 0 0 0 rg BT 241.13 458.20 Td (APS and the Palo ) Tj ET Q q 0 0 0 rg BT 324.62 458.20 Td (V) Tj ET Q q 0 0 0 rg BT 331.65 458.20 Td (erde participants in October2010 and awarded ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.40 Td ($30.2 million in damages to ) Tj ET Q q 0 0 0 rg BT 180.47 444.40 Td (APS and the Palo ) Tj ET Q q 0 0 0 rg BT 263.96 444.40 Td (V) Tj ET Q q 0 0 0 rg BT 270.99 444.40 Td (erde participants for costs incurred through December2006.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 430.60 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 416.80 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 416.80 Td (On December19, 2012, ) Tj ET Q q 0 0 0 rg BT 197.92 416.80 Td (APS, acting on behalf of itself and the participant owners of Palo ) Tj ET Q q 0 0 0 rg BT 500.16 416.80 Td (V) Tj ET Q q 0 0 0 rg BT 507.19 416.80 Td (erde, filed a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.00 Td (second breach of contract lawsuit against the DOE in the Court of Federal Claims. ) Tj ET Q q 0 0 0 rg BT 433.81 403.00 Td (This lawsuit sought to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.20 Td (recover damages incurred due to DOE) Tj ET Q q 0 0 0 rg BT 229.28 389.20 Td (s breach of the Standard Contract for failing to accept Palo ) Tj ET Q q 0 0 0 rg BT 502.10 389.20 Td (V) Tj ET Q q 0 0 0 rg BT 509.13 389.20 Td (erde) Tj ET Q q 0 0 0 rg BT 532.12 389.20 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.40 Td (spent nuclear fuel and high level waste from January1, 2007 through June30, 201) Tj ET Q q 0 0 0 rg BT 429.12 375.40 Td (1, as it was required to do ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.60 Td (pursuant to the terms of the Standard Contract and the NWP) Tj ET Q q 0 0 0 rg BT 325.66 361.60 Td (A. On ) Tj ET Q q 0 0 0 rg BT 361.76 361.60 Td (August 18, 2014, ) Tj ET Q q 0 0 0 rg BT 443.23 361.60 Td (APS and DOE entered ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 347.80 Td (into a settlement agreement, stipulating to a dismissal of the lawsuit and payment of $57.4 million by DOE to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.00 Td (the Palo ) Tj ET Q q 0 0 0 rg BT 89.54 334.00 Td (V) Tj ET Q q 0 0 0 rg BT 96.57 334.00 Td (erde owners for certain specified costs incurred by Palo ) Tj ET Q q 0 0 0 rg BT 354.70 334.00 Td (V) Tj ET Q q 0 0 0 rg BT 361.73 334.00 Td (erde during the period January 1, 2007 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.20 Td (through June 30, 201) Tj ET Q q 0 0 0 rg BT 146.18 320.20 Td (1. ) Tj ET Q q 0 0 0 rg BT 159.92 320.20 Td (APS) Tj ET Q q 0 0 0 rg BT 184.21 320.20 Td (s share of this amount is $16.7 million. ) Tj ET Q q 0 0 0 rg BT 368.53 320.20 Td (Amounts recovered in the lawsuit and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.40 Td (settlement were recorded as adjustments to a regulatory liability and had no impact on the amount of reported ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.00 Td (net income. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.90 292.00 Td (In addition, the settlement agreement provides ) Tj ET Q q 0 0 0 rg BT 333.83 292.00 Td (APS with a method for submitting claims and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 277.60 Td (getting recovery for costs incurred through December 31, 2016, which has been extended to December 31, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 263.20 Td (2019.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 235.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 235.00 Td (APS has submitted three claims pursuant to the terms of the ) Tj ET Q q 0 0 0 rg BT 375.12 235.00 Td (August 18, 2014 settlement ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 220.60 Td (agreement, for three separate time periods during July 1, 201) Tj ET Q q 0 0 0 rg BT 341.29 220.60 Td (1 through June 30, 2016. ) Tj ET Q q 0 0 0 rg BT 466.40 220.60 Td (The DOE has ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 206.20 Td (approved and paid $65.2 million for these claims \(APS) Tj ET Q q 0 0 0 rg BT 317.12 206.20 Td (s share is $19 million\). ) Tj ET Q q 0 0 0 rg BT 435.56 206.20 Td (The amounts recovered ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 191.80 Td (were primarily recorded as adjustments to a regulatory liability and had no impact on reported net income. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 178.00 Td (APS's next claim pursuant to the terms of the ) Tj ET Q q 0 0 0 rg BT 259.51 178.00 Td (August 18, 2014 settlement agreement was submitted to the DOE ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 164.20 Td (in the fourth quarter of 2017 in the amount of $9 million \(APS's share is $2.6 million\). In February 2018, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 150.40 Td (DOE approved this claim. ) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 122.80 Td (The One-Mill Fee) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 167.89 122.80 Td ( In 201) Tj ET Q q 0 0 0 rg BT 214.42 122.80 Td (1, the National ) Tj ET Q q 0 0 0 rg BT 284.68 122.80 Td (Association of Regulatory Utility Commissioners and the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 109.00 Td (Nuclear Ener) Tj ET Q q 0 0 0 rg BT 110.27 109.00 Td (gy Institute challenged DOE) Tj ET Q q 0 0 0 rg BT 244.73 109.00 Td (s 2010 determination of the adequacy of the one tenth of a cent per ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 95.20 Td (kWh fee \(the one-mill fee\) paid by the nation) Tj ET Q q 0 0 0 rg BT 271.10 95.20 Td (s commercial nuclear power plant owners pursuant to their ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 81.40 Td (individual obligations under the Standard Contract. ) Tj ET Q q 0 0 0 rg BT 290.75 81.40 Td (This fee is recovered by ) Tj ET Q q 0 0 0 rg BT 403.48 81.40 Td (APS in its retail rates. In ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 67.60 Td (June2012, the U.S. Court of ) Tj ET Q q 0 0 0 rg BT 183.35 67.60 Td (Appeals for the District of Columbia Circuit \(the D.C. Circuit\) held that DOE ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 53.80 Td (failed to conduct a suf) Tj ET Q q 0 0 0 rg BT 151.48 53.80 Td (ficient fee analysis in making the 2010 determination. ) Tj ET Q q 0 0 0 rg BT 404.85 53.80 Td (The D.C. Circuit remanded the ) Tj ET Q endstream endobj 27 0 obj <>] /Rotate 0 /Contents 28 0 R>> endobj 28 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.10 32.55 Td (9) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (2010 determination to the Secretary of the DOE \(Secretary\) with instructions to conduct a new fee adequacy ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (determination within six months. In February2013, upon completion of DOE) Tj ET Q q 0 0 0 rg BT 412.67 720.75 Td (s revised one-mill fee adequacy ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (determination, the D.C. Circuit reopened the proceedings. On November19, 2013, the D.C. Circuit found that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (the DOE did not conduct a legally adequate fee assessment and ordered the Secretary to notify Congress of his ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (intent to suspend collecting annual fees for nuclear waste disposal from nuclear power plant operators, as he is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (required to do pursuant to the NWP) Tj ET Q q 0 0 0 rg BT 212.61 665.55 Td (A) Tj ET Q q 0 0 0 rg BT 220.28 665.55 Td ( and the D.C. Circuit) Tj ET Q q 0 0 0 rg BT 319.29 665.55 Td (s order) Tj ET Q q 0 0 0 rg BT 350.27 665.55 Td (. On January3, 2014, the Secretary notified ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (Congress of his intention to suspend collection of the one-mill fee, subject to Congress) Tj ET Q q 0 0 0 rg BT 451.72 651.75 Td ( disapproval. On May ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (16, 2014, the DOE notified all commercial nuclear power plant operators who are party to a Standard Contract ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (that it reduced the one-mill fee to zero, thus ef) Tj ET Q q 0 0 0 rg BT 261.96 624.15 Td (fectively terminating the one-mill fee. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 610.35 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 596.55 Td (DOE) Tj ET Q q 0 0 0 rg BT 111.48 596.55 Td (s Construction ) Tj ET Q q 0 0 0 rg BT 181.56 596.55 Td (Authorization ) Tj ET Q q 0 0 0 rg BT 247.49 596.55 Td (Application for Y) Tj ET Q q 0 0 0 rg BT 325.66 596.55 Td (ucca Mountain) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 394.96 596.55 Td ( ) Tj ET Q q 0 0 0 rg BT 412.01 596.55 Td (The DOE had planned to meet ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (its NWP) Tj ET Q q 0 0 0 rg BT 87.74 582.75 Td (A) Tj ET Q q 0 0 0 rg BT 95.41 582.75 Td ( and Standard Contract disposal obligations by designing, licensing, constructing, and operating a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (permanent geologic repository at ) Tj ET Q q 0 0 0 rg BT 203.64 568.95 Td (Y) Tj ET Q q 0 0 0 rg BT 210.67 568.95 Td (ucca Mountain, Nevada. In June2008, the DOE submitted its ) Tj ET Q q 0 0 0 rg BT 498.96 568.95 Td (Y) Tj ET Q q 0 0 0 rg BT 506.00 568.95 Td (ucca ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (Mountain construction authorization application to the NRC, but in March2010, the DOE filed a motion to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (dismiss with prejudice the ) Tj ET Q q 0 0 0 rg BT 172.37 541.35 Td (Y) Tj ET Q q 0 0 0 rg BT 179.40 541.35 Td (ucca Mountain construction authorization application. Several interested parties ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (have also intervened in the NRC proceeding. ) Tj ET Q q 0 0 0 rg BT 261.24 527.55 Td (Additionally) Tj ET Q q 0 0 0 rg BT 318.63 527.55 Td (, a number of interested parties filed a variety of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (lawsuits in dif) Tj ET Q q 0 0 0 rg BT 114.46 513.75 Td (ferent jurisdictions around the country challenging the DOE) Tj ET Q q 0 0 0 rg BT 393.90 513.75 Td (s authority to withdraw the ) Tj ET Q q 0 0 0 rg BT 520.28 513.75 Td (Y) Tj ET Q q 0 0 0 rg BT 527.31 513.75 Td (ucca ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (Mountain construction authorization application and NRC) Tj ET Q q 0 0 0 rg BT 320.66 499.95 Td (s cessation of its review of the ) Tj ET Q q 0 0 0 rg BT 462.35 499.95 Td (Y) Tj ET Q q 0 0 0 rg BT 469.38 499.95 Td (ucca Mountain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (construction authorization application. ) Tj ET Q q 0 0 0 rg BT 232.29 486.15 Td (The cases have been consolidated into one matter at the D.C. Circuit. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (In ) Tj ET Q q 0 0 0 rg BT 61.32 472.35 Td (August2013, the D.C. Circuit ordered the NRC to resume its review of the application with available ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (appropriated funds.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 430.95 Td (On October 16, 2014, the NRC issued ) Tj ET Q q 0 0 0 rg BT 263.21 430.95 Td (V) Tj ET Q q 0 0 0 rg BT 270.03 430.95 Td (olume 3 of the safety evaluation report developed as part of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (Y) Tj ET Q q 0 0 0 rg BT 56.53 417.15 Td (ucca Mountain construction authorization application. ) Tj ET Q q 0 0 0 rg BT 310.85 417.15 Td (This volume addresses repository safety after ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td (permanent closure, and its issuance is a key milestone in the ) Tj ET Q q 0 0 0 rg BT 328.84 403.35 Td (Y) Tj ET Q q 0 0 0 rg BT 335.87 403.35 Td (ucca Mountain licensing process. ) Tj ET Q q 0 0 0 rg BT 494.71 403.35 Td (V) Tj ET Q q 0 0 0 rg BT 501.53 403.35 Td (olume 3 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td (contains the staf) Tj ET Q q 0 0 0 rg BT 124.02 389.55 Td (f) Tj ET Q q 0 0 0 rg BT 128.49 389.55 Td () Tj ET Q q 0 0 0 rg BT 131.68 389.55 Td (s finding that the DOE) Tj ET Q q 0 0 0 rg BT 239.00 389.55 Td (s repository design meets the requirements that apply after the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td (repository is permanently closed, including but not limited to the post-closure performance objectives in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (NRC) Tj ET Q q 0 0 0 rg BT 76.34 361.95 Td (s regulations. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 334.35 Td (On December 18, 2014, the NRC issued ) Tj ET Q q 0 0 0 rg BT 273.42 334.35 Td (V) Tj ET Q q 0 0 0 rg BT 280.24 334.35 Td (olume 4 of the safety evaluation report developed as part of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (the ) Tj ET Q q 0 0 0 rg BT 66.00 320.55 Td (Y) Tj ET Q q 0 0 0 rg BT 73.03 320.55 Td (ucca Mountain construction authorization application. ) Tj ET Q q 0 0 0 rg BT 327.35 320.55 Td (This volume covers administrative and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (programmatic requirements for the repository) Tj ET Q q 0 0 0 rg BT 258.88 306.75 Td (. It documents the staf) Tj ET Q q 0 0 0 rg BT 363.43 306.75 Td (f) Tj ET Q q 0 0 0 rg BT 367.89 306.75 Td () Tj ET Q q 0 0 0 rg BT 371.09 306.75 Td (s evaluation of whether the DOE) Tj ET Q q 0 0 0 rg BT 525.34 306.75 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td (research and development and performance confirmation programs, as well as other administrative controls ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.15 Td (and systems, meet applicable NRC requirements. ) Tj ET Q q 0 0 0 rg BT 281.48 279.15 Td (V) Tj ET Q q 0 0 0 rg BT 288.30 279.15 Td (olume 4 contains the staf) Tj ET Q q 0 0 0 rg BT 403.07 279.15 Td (f) Tj ET Q q 0 0 0 rg BT 407.53 279.15 Td () Tj ET Q q 0 0 0 rg BT 410.73 279.15 Td (s finding that most ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.35 Td (administrative and programmatic requirements in NRC regulations are met, except for certain requirements ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.55 Td (relating to ownership of land and water rights.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 223.95 Td (Publication of ) Tj ET Q q 0 0 0 rg BT 153.01 223.95 Td (V) Tj ET Q q 0 0 0 rg BT 159.83 223.95 Td (olumes 3 and 4 does not signal whether or when the NRC might authorize construction ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.15 Td (of the repository) Tj ET Q q 0 0 0 rg BT 124.76 210.15 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 196.35 Td () Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 182.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 182.55 Td (W) Tj ET Q q 0 0 0 rg BT 93.65 182.55 Td (aste Confidence) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 164.22 182.55 Td ( ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 166.97 182.55 Td (and Continued Storage) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 269.02 182.55 Td ( On June8, 2012, the D.C. Circuit issued its decision on a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.75 Td (challenge by several states and environmental groups of the NRC) Tj ET Q q 0 0 0 rg BT 353.85 168.75 Td (s rulemaking regarding temporary storage ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 154.95 Td (and permanent disposal of high level nuclear waste and spent nuclear fuel. ) Tj ET Q q 0 0 0 rg BT 397.37 154.95 Td (The petitioners had challenged the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.15 Td (NRC) Tj ET Q q 0 0 0 rg BT 76.34 141.15 Td (s 2010 update to the agency) Tj ET Q q 0 0 0 rg BT 207.60 141.15 Td (s ) Tj ET Q q 0 0 0 rg BT 214.74 141.15 Td (W) Tj ET Q q 0 0 0 rg BT 224.68 141.15 Td (aste Confidence Decision and temporary storage rule\(W) Tj ET Q q 0 0 0 rg BT 490.39 141.15 Td (aste ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.35 Td (Confidence Decision\).) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 113.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 99.75 Td (The D.C. Circuit found that the agency) Tj ET Q q 0 0 0 rg BT 268.18 99.75 Td (s 2010 ) Tj ET Q q 0 0 0 rg BT 301.20 99.75 Td (W) Tj ET Q q 0 0 0 rg BT 311.13 99.75 Td (aste Confidence Decision update constituted a major ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 85.95 Td (federal action, which, consistent with NEP) Tj ET Q q 0 0 0 rg BT 244.86 85.95 Td (A, requires either an environmental impact statement or a finding of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.15 Td (no significant impact from the agency) Tj ET Q q 0 0 0 rg BT 227.38 72.15 Td (s actions. ) Tj ET Q q 0 0 0 rg BT 275.72 72.15 Td (The D.C. Circuit found that the NRC) Tj ET Q q 0 0 0 rg BT 449.48 72.15 Td (s evaluation of the ) Tj ET Q endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (10) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (environmental risks from spent nuclear fuel was deficient, and therefore remanded the 2010 ) Tj ET Q q 0 0 0 rg BT 474.65 734.55 Td (W) Tj ET Q q 0 0 0 rg BT 484.58 734.55 Td (aste Confidence ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (Decision update for further action consistent with NEP) Tj ET Q q 0 0 0 rg BT 301.07 720.75 Td (A.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 706.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.15 Td (On September6, 2012, the NRC Commissioners issued a directive to the NRC staf) Tj ET Q q 0 0 0 rg BT 466.99 693.15 Td (f to proceed directly ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (with development of a generic environmental impact statement to support an updated ) Tj ET Q q 0 0 0 rg BT 444.65 679.35 Td (W) Tj ET Q q 0 0 0 rg BT 454.59 679.35 Td (aste Confidence ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (Decision. ) Tj ET Q q 0 0 0 rg BT 98.80 665.55 Td (The NRC Commissioners also directed the staf) Tj ET Q q 0 0 0 rg BT 315.14 665.55 Td (f to establish a schedule to publish a final ruleand ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (environmental impact study within 24 months of September6, 2012. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 624.15 Td (In September 2013, the NRC issued its draft Generic Environmental Impact Statement \(GEIS\) to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (support an updated ) Tj ET Q q 0 0 0 rg BT 139.68 610.35 Td (W) Tj ET Q q 0 0 0 rg BT 149.61 610.35 Td (aste Confidence Decision. On ) Tj ET Q q 0 0 0 rg BT 292.05 610.35 Td (August 26, 2014, the NRC approved a final rule on the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (environmental ef) Tj ET Q q 0 0 0 rg BT 127.53 596.55 Td (fects of continued storage of spent nuclear fuel. Renamed as the Continued Storage Rule, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (NRC) Tj ET Q q 0 0 0 rg BT 76.34 582.75 Td (s decision adopted the findings of the GEIS regarding the environmental impacts of storing spent fuel at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (any reactor site after the reactor) Tj ET Q q 0 0 0 rg BT 195.83 568.95 Td () Tj ET Q q 0 0 0 rg BT 199.02 568.95 Td (s licensed period of operations. ) Tj ET Q q 0 0 0 rg BT 347.53 568.95 Td (As a result, those generic impacts do not need ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (to be re-analyzed in the environmental reviews for individual licenses. ) Tj ET Q q 0 0 0 rg BT 378.43 555.15 Td (Although Palo ) Tj ET Q q 0 0 0 rg BT 447.86 555.15 Td (V) Tj ET Q q 0 0 0 rg BT 454.89 555.15 Td (erde had not been ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (involved in any licensing actions af) Tj ET Q q 0 0 0 rg BT 212.49 541.35 Td (fected by the D.C. Circuit) Tj ET Q q 0 0 0 rg BT 334.49 541.35 Td (s June 8, 2012, decision, the NRC lifted its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (suspension on final licensing actions on all nuclear power plant licenses and renewals that went into ef) Tj ET Q q 0 0 0 rg BT 521.31 527.55 Td (fect ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (when the D.C. Circuit issued its June 2012 decision. ) Tj ET Q q 0 0 0 rg BT 295.57 513.75 Td (The final Continued Storage Rule was subject to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (continuing legal challenges before the NRC and the Court of ) Tj ET Q q 0 0 0 rg BT 331.18 499.95 Td (Appeals. In June 2016, the D.C. Circuit issued its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (final decision, rejecting all remaining legal challenges to the Continued Storage Rule. On ) Tj ET Q q 0 0 0 rg BT 462.44 486.15 Td (August 8, 2016, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (D.C. Circuit denied a petition for rehearing.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 444.75 Td (Palo ) Tj ET Q q 0 0 0 rg BT 108.61 444.75 Td (V) Tj ET Q q 0 0 0 rg BT 115.64 444.75 Td (erde has suf) Tj ET Q q 0 0 0 rg BT 170.36 444.75 Td (ficient capacity at its on-site independent spent fuel storage installation \(ISFSI\) to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (store all of the nuclear fuel that will be irradiated during the initial operating license period, which ends in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (December2027. ) Tj ET Q q 0 0 0 rg BT 130.61 417.15 Td (Additionally) Tj ET Q q 0 0 0 rg BT 188.00 417.15 Td (, Palo ) Tj ET Q q 0 0 0 rg BT 216.87 417.15 Td (V) Tj ET Q q 0 0 0 rg BT 223.90 417.15 Td (erde has suf) Tj ET Q q 0 0 0 rg BT 278.61 417.15 Td (ficient capacity at its on-site ISFSI to store a portion of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td (fuel that will be irradiated during the period of extended operation, which ends in November2047. If ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td (uncertainties regarding the United States government) Tj ET Q q 0 0 0 rg BT 297.64 389.55 Td (s obligation to accept and store spent fuel are not ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td (favorably resolved, ) Tj ET Q q 0 0 0 rg BT 140.51 375.75 Td (APS will evaluate alternative storage solutions that may obviate the need to expand the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (ISFSI to accommodate all of the fuel that will be irradiated during the period of extended operation.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 348.15 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 334.35 Td (Nuclear Decommissioning Costs) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 236.28 334.35 Td ( ) Tj ET Q q 0 0 0 rg BT 252.89 334.35 Td (APS currently relies on an external sinking fund mechanism to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (meet the NRC financial assurance requirements for decommissioning its interests in Palo ) Tj ET Q q 0 0 0 rg BT 461.93 320.55 Td (V) Tj ET Q q 0 0 0 rg BT 468.96 320.55 Td (erde Units 1, 2 and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (3. ) Tj ET Q q 0 0 0 rg BT 63.67 306.75 Td (The decommissioning costs of Palo ) Tj ET Q q 0 0 0 rg BT 229.88 306.75 Td (V) Tj ET Q q 0 0 0 rg BT 236.91 306.75 Td (erde Units 1, 2 and 3 are currently included in ) Tj ET Q q 0 0 0 rg BT 450.56 306.75 Td (APS) Tj ET Q q 0 0 0 rg BT 474.85 306.75 Td (s ) Tj ET Q q 0 0 0 rg BT 481.56 306.75 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td (jurisdictional rates. Decommissioning costs are recoverable through a non-bypassable system benefits char) Tj ET Q q 0 0 0 rg BT 543.98 292.95 Td (ge ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.15 Td (\(paid by all retail customers taking service from the ) Tj ET Q q 0 0 0 rg BT 289.33 279.15 Td (APS system\). Based on current nuclear decommissioning ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.35 Td (trust asset balances, site specific decommissioning cost studies, anticipated future contributions to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.55 Td (decommissioning trusts, and return projections on the asset portfolios over the expected remaining operating ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.75 Td (life of the facility) Tj ET Q q 0 0 0 rg BT 128.90 237.75 Td (, we are on track to meet the current site specific decommissioning costs for Palo ) Tj ET Q q 0 0 0 rg BT 504.26 237.75 Td (V) Tj ET Q q 0 0 0 rg BT 511.29 237.75 Td (erde at the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.95 Td (time the units are expected to be decommissioned. See Note 19 for additional information about ) Tj ET Q q 0 0 0 rg BT 496.30 223.95 Td (APS) Tj ET Q q 0 0 0 rg BT 520.59 223.95 Td (s nuclear ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.15 Td (decommissioning trusts.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 196.35 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 182.55 Td (Palo V) Tj ET Q q 0 0 0 rg BT 115.85 182.55 Td (er) Tj ET Q q 0 0 0 rg BT 125.00 182.55 Td (de Liability and Insurance Matters) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 285.35 182.55 Td ( See Palo ) Tj ET Q q 0 0 0 rg BT 350.29 182.55 Td (V) Tj ET Q q 0 0 0 rg BT 357.32 182.55 Td (erde Generating Station Nuclear ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.75 Td (Insurance in Note 10 for a discussion of the insurance maintained by the Palo ) Tj ET Q q 0 0 0 rg BT 413.36 168.75 Td (V) Tj ET Q q 0 0 0 rg BT 420.40 168.75 Td (erde participants, including ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 154.95 Td (APS, for Palo ) Tj ET Q q 0 0 0 rg BT 115.74 154.95 Td (V) Tj ET Q q 0 0 0 rg BT 122.77 154.95 Td (erde.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 141.15 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 127.35 Td (Natural Gas and Oil Fueled Generating Facilities ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 108.55 Td (APS has six natural gas power plants located throughout ) Tj ET Q q 0 0 0 rg BT 347.73 108.55 Td (Arizona, consisting of Redhawk, located near ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 94.75 Td (Palo ) Tj ET Q q 0 0 0 rg BT 72.61 94.75 Td (V) Tj ET Q q 0 0 0 rg BT 79.64 94.75 Td (erde; Ocotillo, located in ) Tj ET Q q 0 0 0 rg BT 196.64 94.75 Td (T) Tj ET Q q 0 0 0 rg BT 202.86 94.75 Td (empe \(discussed below\); Sundance, located in Coolidge; ) Tj ET Q q 0 0 0 rg BT 465.81 94.75 Td (W) Tj ET Q q 0 0 0 rg BT 475.75 94.75 Td (est Phoenix, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 80.95 Td (located in southwest Phoenix; Saguaro, located north of ) Tj ET Q q 0 0 0 rg BT 308.95 80.95 Td (T) Tj ET Q q 0 0 0 rg BT 315.57 80.95 Td (ucson; and ) Tj ET Q q 0 0 0 rg BT 367.53 80.95 Td (Y) Tj ET Q q 0 0 0 rg BT 374.56 80.95 Td (ucca, located near ) Tj ET Q q 0 0 0 rg BT 459.69 80.95 Td (Y) Tj ET Q q 0 0 0 rg BT 466.72 80.95 Td (uma. Several of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 67.15 Td (units at ) Tj ET Q q 0 0 0 rg BT 85.49 67.15 Td (Y) Tj ET Q q 0 0 0 rg BT 92.52 67.15 Td (ucca run on either gas or oil. ) Tj ET Q q 0 0 0 rg BT 228.88 67.15 Td (APS has one oil-only power plant, Fairview) Tj ET Q q 0 0 0 rg BT 430.32 67.15 Td (, located in the town of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 53.35 Td (Douglas, ) Tj ET Q q 0 0 0 rg BT 92.95 53.35 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 137.98 53.35 Td (APS owns and operates each of these plants with the exception of one oil-only combustion ) Tj ET Q endstream endobj 31 0 obj <>] /Rotate 0 /Contents 32 0 R>> endobj 32 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.45 32.55 Td (1) Tj ET Q q 0 0 0 rg BT 305.77 32.55 Td (1) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (turbine unit and one oil and gas steam unit at ) Tj ET Q q 0 0 0 rg BT 258.59 734.55 Td (Y) Tj ET Q q 0 0 0 rg BT 265.62 734.55 Td (ucca that are operated by ) Tj ET Q q 0 0 0 rg BT 382.79 734.55 Td (APS and owned by the Imperial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (Irrigation District. ) Tj ET Q q 0 0 0 rg BT 138.29 720.75 Td (APS has a total entitlement from these plants of 3,179 MW) Tj ET Q q 0 0 0 rg BT 409.68 720.75 Td (. Gas for these plants is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (financially hedged up to five years in advance of purchasing and the gas is generally purchased one month ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (prior to delivery) Tj ET Q q 0 0 0 rg BT 123.48 693.15 Td (. ) Tj ET Q q 0 0 0 rg BT 131.47 693.15 Td (APS has long-term gas transportation agreements with three dif) Tj ET Q q 0 0 0 rg BT 423.82 693.15 Td (ferent companies, some of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (which are ef) Tj ET Q q 0 0 0 rg BT 106.12 679.35 Td (fective through 2024. Fuel oil is acquired under short-term purchases delivered primarily to ) Tj ET Q q 0 0 0 rg BT 532.90 679.35 Td (W) Tj ET Q q 0 0 0 rg BT 542.83 679.35 Td (est ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (Phoenix, where it is distributed to ) Tj ET Q q 0 0 0 rg BT 206.98 665.55 Td (APS) Tj ET Q q 0 0 0 rg BT 231.27 665.55 Td (s other oil power plants by truck.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 646.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 646.75 Td (Ocotillo is a 330 MW) Tj ET Q q 0 0 0 rg BT 185.59 646.75 Td ( 4-unit gas plant located in the metropolitan Phoenix area. In early 2014, ) Tj ET Q q 0 0 0 rg BT 524.12 646.75 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 632.95 Td (announced a project to modernize the plant, which involves retiring two older 1) Tj ET Q q 0 0 0 rg BT 415.37 632.95 Td (10 MW) Tj ET Q q 0 0 0 rg BT 450.62 632.95 Td ( steam units, adding ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 619.15 Td (five 102 MW) Tj ET Q q 0 0 0 rg BT 111.25 619.15 Td ( combustion turbines and maintaining two existing 55 MW) Tj ET Q q 0 0 0 rg BT 382.55 619.15 Td ( combustion turbines. In total, this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 605.35 Td (increases the capacity of the site by 290 MW) Tj ET Q q 0 0 0 rg BT 255.38 605.35 Td (, to 620 MW) Tj ET Q q 0 0 0 rg BT 313.10 605.35 Td (, with completion tar) Tj ET Q q 0 0 0 rg BT 408.70 605.35 Td (geted by summer 2019. \(See ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 591.55 Td (Note 3 for rate recovery as part of the 2017 Rate Case Decision\). On September 9, 2016, Maricopa County ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 577.75 Td (issued a final permit decision that authorizes construction of the Ocotillo modernization project and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 563.95 Td (construction began in early 2017. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 550.15 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 536.35 Td (Solar) Tj ET Q q 0 0 0 rg BT 111.49 536.35 Td ( Facilities ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 516.55 Td (APS developed utility scale solar resources through the 170 MW) Tj ET Q q 0 0 0 rg BT 383.92 516.55 Td ( ) Tj ET Q q 0 0 0 rg BT 386.16 516.55 Td (ACC-approved ) Tj ET Q q 0 0 0 rg BT 458.66 516.55 Td (AZ Sun Program. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 502.75 Td (APS invested approximately $675 million in its ) Tj ET Q q 0 0 0 rg BT 270.88 502.75 Td (AZ Sun Program. ) Tj ET Q q 0 0 0 rg BT 357.87 502.75 Td (These facilities are owned by ) Tj ET Q q 0 0 0 rg BT 494.87 502.75 Td (APS and are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 488.95 Td (located in multiple locations throughout ) Tj ET Q q 0 0 0 rg BT 235.71 488.95 Td (Arizona. In addition to the ) Tj ET Q q 0 0 0 rg BT 362.51 488.95 Td (AZ Sun Program, ) Tj ET Q q 0 0 0 rg BT 446.20 488.95 Td (APS developed the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 475.15 Td (40MW) Tj ET Q q 0 0 0 rg BT 81.87 475.15 Td ( Red Rock Solar Plant, which it owns and operates. ) Tj ET Q q 0 0 0 rg BT 323.45 475.15 Td (T) Tj ET Q q 0 0 0 rg BT 329.67 475.15 Td (wo of our lar) Tj ET Q q 0 0 0 rg BT 389.18 475.15 Td (ge customers purchase renewable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 461.35 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 461.35 Td (gy credits from ) Tj ET Q q 0 0 0 rg BT 141.58 461.35 Td (APS that is equivalent to the amount of renewable ener) Tj ET Q q 0 0 0 rg BT 395.27 461.35 Td (gy that Red Rock is projected to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 447.55 Td (generate.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 433.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 419.95 Td (APS owns and operates more than forty small solar systems around the state. ) Tj ET Q q 0 0 0 rg BT 445.25 419.95 Td (T) Tj ET Q q 0 0 0 rg BT 451.47 419.95 Td (ogether they have the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 406.15 Td (capacity to produce approximately 4 MW) Tj ET Q q 0 0 0 rg BT 241.21 406.15 Td ( of renewable ener) Tj ET Q q 0 0 0 rg BT 326.25 406.15 Td (gy) Tj ET Q q 0 0 0 rg BT 337.00 406.15 Td (. ) Tj ET Q q 0 0 0 rg BT 345.42 406.15 Td (This fleet of solar systems includes a 3 MW) Tj ET Q q 0 0 0 rg BT 547.70 406.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 392.35 Td (facility located at the Prescott ) Tj ET Q q 0 0 0 rg BT 188.42 392.35 Td (Airport and 1 MW) Tj ET Q q 0 0 0 rg BT 274.12 392.35 Td ( of small solar in various locations across ) Tj ET Q q 0 0 0 rg BT 466.40 392.35 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 511.43 392.35 Td (APS has ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 378.55 Td (also developed solar photovoltaic distributed ener) Tj ET Q q 0 0 0 rg BT 278.28 378.55 Td (gy systems installed as part of the Community Power Project ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 364.75 Td (in Flagstaf) Tj ET Q q 0 0 0 rg BT 98.16 364.75 Td (f, ) Tj ET Q q 0 0 0 rg BT 107.11 364.75 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 152.57 364.75 Td (The Community Power Project, approved by the ) Tj ET Q q 0 0 0 rg BT 378.06 364.75 Td (ACC on ) Tj ET Q q 0 0 0 rg BT 418.32 364.75 Td (April1, 2010, was a pilot ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 350.95 Td (program through which ) Tj ET Q q 0 0 0 rg BT 160.33 350.95 Td (APS owns, operates and receives ener) Tj ET Q q 0 0 0 rg BT 335.13 350.95 Td (gy from approximately 1 MW) Tj ET Q q 0 0 0 rg BT 473.53 350.95 Td ( of solar ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 337.15 Td (photovoltaic distributed ener) Tj ET Q q 0 0 0 rg BT 181.51 337.15 Td (gy systems located within a certain test area in Flagstaf) Tj ET Q q 0 0 0 rg BT 435.19 337.15 Td (f, ) Tj ET Q q 0 0 0 rg BT 444.14 337.15 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 489.60 337.15 Td (The pilot ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 323.35 Td (program is now complete, and as part of the 2017 Rate Case Decision, the participants have been transferred to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 309.55 Td (the Solar Partner Program described below) Tj ET Q q 0 0 0 rg BT 246.44 309.55 Td (. ) Tj ET Q q 0 0 0 rg BT 254.43 309.55 Td (Additionally) Tj ET Q q 0 0 0 rg BT 311.82 309.55 Td (, ) Tj ET Q q 0 0 0 rg BT 316.93 309.55 Td (APS owns 12 MW) Tj ET Q q 0 0 0 rg BT 403.31 309.55 Td ( of solar photovoltaic systems ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 295.75 Td (installed across ) Tj ET Q q 0 0 0 rg BT 122.32 295.75 Td (Arizona through the ) Tj ET Q q 0 0 0 rg BT 217.18 295.75 Td (ACC-approved Schools and Government Program. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 268.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 268.15 Td (In December 2014, the ) Tj ET Q q 0 0 0 rg BT 193.12 268.15 Td (ACC voted that it had no objection to ) Tj ET Q q 0 0 0 rg BT 368.16 268.15 Td (APS implementing an ) Tj ET Q q 0 0 0 rg BT 471.98 268.15 Td (APS-owned ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 254.35 Td (rooftop solar research and development program aimed at learning how to ef) Tj ET Q q 0 0 0 rg BT 402.16 254.35 Td (ficiently enable the integration of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 240.55 Td (rooftop solar and battery storage with the grid. ) Tj ET Q q 0 0 0 rg BT 269.02 240.55 Td (The first stage of the program, called the "Solar Partner ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 226.75 Td (Program," placed 8 MW) Tj ET Q q 0 0 0 rg BT 161.93 226.75 Td ( of residential rooftop solar on strategically selected distribution feeders in an ef) Tj ET Q q 0 0 0 rg BT 529.61 226.75 Td (fort to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 212.95 Td (maximize potential system benefits, as well as made systems available to limited-income customers who could ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 199.15 Td (not easily install solar through transactions with third parties.) Tj ET Q q 0 0 0 rg BT 333.56 199.15 Td (The second stage of the program, which included ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 185.35 Td (an additional 2 MW) Tj ET Q q 0 0 0 rg BT 141.59 185.35 Td ( of rooftop solar and ener) Tj ET Q q 0 0 0 rg BT 257.94 185.35 Td (gy storage, placed two ener) Tj ET Q q 0 0 0 rg BT 383.87 185.35 Td (gy storage systems sized at 2 MW) Tj ET Q q 0 0 0 rg BT 540.80 185.35 Td ( on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 171.55 Td (two dif) Tj ET Q q 0 0 0 rg BT 82.19 171.55 Td (ferent high solar penetration feeders to test various grid-related operation improvements and system ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 157.75 Td (interoperability) Tj ET Q q 0 0 0 rg BT 119.65 157.75 Td (, and was in operation by the end of 2016. ) Tj ET Q q 0 0 0 rg BT 318.41 157.75 Td (The costs for this program have been included in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 143.95 Td (APS's rate base as part of the 2017 Rate Case Decision. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 120.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 120.15 Td (In ) Tj ET Q q 0 0 0 rg BT 97.32 120.15 Td (APS's 2017 Rate Case Decision, the ) Tj ET Q q 0 0 0 rg BT 265.82 120.15 Td (ACC approved the "APS Solar Communities" program. ) Tj ET Q q 0 0 0 rg BT 527.24 120.15 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 106.35 Td (Solar Communities is a three-year program requiring ) Tj ET Q q 0 0 0 rg BT 295.73 106.35 Td (APS to spend $10-15 million in capital costs each year to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 92.55 Td (install utility-owned distributed generation systems on low to moderate income residential homes, buildings of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 78.75 Td (non-profit entities, ) Tj ET Q q 0 0 0 rg BT 137.76 78.75 Td (T) Tj ET Q q 0 0 0 rg BT 144.38 78.75 Td (itle I schools and rural government facilities. ) Tj ET Q q 0 0 0 rg BT 355.91 78.75 Td (The 2017 Rate Case Decision provided that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 64.95 Td (all operations and maintenance expenses, property taxes, marketing and advertising expenses, and the capital ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 51.15 Td (carrying costs for this program will be recovered through the RES.) Tj ET Q endstream endobj 33 0 obj <>] /Rotate 0 /Contents 34 0 R>> endobj 34 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (12) Tj ET Q BT /F2 11.50 Tf ET 0 0 0 RG /GS0 gs 1.09 w 0 i [] 0 d 1 J 1 j 3 M 85.5 732.9503173828125 m 222.419921875 732.9503173828125 l s q 0 0 0 rg BT 85.50 734.75 Td (Pur) Tj ET Q q 0 0 0 rg BT 103.82 734.75 Td (chased Power) Tj ET Q q 0 0 0 rg BT 171.00 734.75 Td ( Contracts) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 222.42 734.75 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 714.95 Td (In addition to its own available generating capacity) Tj ET Q q 0 0 0 rg BT 320.11 714.95 Td (, ) Tj ET Q q 0 0 0 rg BT 325.23 714.95 Td (APS purchases electricity under various ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 701.15 Td (arrangements, including long-term contracts and purchases through short-term markets to supplement its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 687.35 Td (owned or leased generation and hedge its ener) Tj ET Q q 0 0 0 rg BT 261.64 687.35 Td (gy requirements. ) Tj ET Q q 0 0 0 rg BT 344.04 687.35 Td (A) Tj ET Q q 0 0 0 rg BT 351.71 687.35 Td ( portion of ) Tj ET Q q 0 0 0 rg BT 402.50 687.35 Td (APS) Tj ET Q q 0 0 0 rg BT 426.80 687.35 Td (s purchased power expense ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 673.55 Td (is netted against wholesale sales on the Consolidated Statements of Income. \(See Note 16.\) ) Tj ET Q q 0 0 0 rg BT 476.19 673.55 Td (APS continually ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 659.75 Td (assesses its need for additional capacity resources to assure system reliability) Tj ET Q q 0 0 0 rg BT 403.24 659.75 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 645.95 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 632.15 Td (Pur) Tj ET Q q 0 0 0 rg BT 102.32 632.15 Td (chased Power Capacity ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 224.65 632.15 Td ( ) Tj ET Q q 0 0 0 rg BT 226.90 632.15 Td (APS) Tj ET Q q 0 0 0 rg BT 251.19 632.15 Td (s purchased power capacity under long-term contracts as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 618.35 Td (December 31, 2017 is summarized in the table below) Tj ET Q q 0 0 0 rg BT 293.70 618.35 Td (. ) Tj ET Q q 0 0 0 rg BT 301.69 618.35 Td (All capacity values are based on net capacity unless ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 604.55 Td (otherwise noted.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 581.05 152.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.00 581.05 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 581.05 257.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 581.05 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 581.05 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 551.05 152.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.00 551.05 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 551.05 257.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 551.05 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 551.05 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 520.05 152.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.00 520.05 10.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 520.05 257.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 520.05 10.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 520.05 84.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 489.05 152.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.00 489.05 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 489.05 257.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 489.05 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 489.05 84.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 581.05 m 202 581.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 581.05 m 469 581.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 581.05 m 563 581.05 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 585.28 Td (T) Tj ET Q q 0 0 0 rg BT 57.24 585.28 Td (ype) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 206.50 583.77 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.70 585.28 Td (Dates) Tj ET Q q 0 0 0 rg BT 334.58 585.28 Td (A) Tj ET Q q 0 0 0 rg BT 339.84 585.28 Td (vailable) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 473.50 583.77 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.70 585.28 Td (Capacity\(MW\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 571.62 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 90.82 571.62 Td (Agreement \(a\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 204.50 568.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.55 571.62 Td (Y) Tj ET Q q 0 0 0 rg BT 278.27 571.62 Td (ear) Tj ET Q q 0 0 0 rg BT 289.88 571.62 Td (-round through June14, 2020) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 471.50 568.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 571.62 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 556.62 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 94.15 556.62 Td (Agreement \(b\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 204.50 553.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.70 556.62 Td (May15 to September15 annually through February 2021) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 471.50 553.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 556.62 Td (480) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 541.62 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 541.62 Td (olling ) Tj ET Q q 0 0 0 rg BT 83.47 541.62 Td (Agreement) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 204.50 538.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.10 541.62 Td (Summer seasons through October2019) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 471.50 538.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 541.62 Td (560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 526.62 Td (Demand Response ) Tj ET Q q 0 0 0 rg BT 129.43 526.62 Td (Agreement \(c\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 204.50 522.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.45 526.62 Td (Summer seasons through 2024) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 471.50 522.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 526.62 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 510.62 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 510.62 Td (olling ) Tj ET Q q 0 0 0 rg BT 83.47 510.62 Td (Agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.85 510.62 Td (Summer seasons from Summer 2020 through Summer 2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 510.62 Td (565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 494.62 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 494.62 Td (olling ) Tj ET Q q 0 0 0 rg BT 83.47 494.62 Td (Agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.20 494.62 Td (June 1 through September 30, 2020-2026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 494.62 Td (570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 479.62 Td (Renewable Ener) Tj ET Q q 0 0 0 rg BT 118.12 479.62 Td (gy \(d\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 204.50 476.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.70 479.62 Td (V) Tj ET Q q 0 0 0 rg BT 330.81 479.62 Td (arious) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 471.50 476.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 479.62 Td (629) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 454.75 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 454.75 Td (Up to 60 MW) Tj ET Q q 0 0 0 rg BT 167.50 454.75 Td ( of capacity is available; however) Tj ET Q q 0 0 0 rg BT 321.26 454.75 Td (, the amount of electricity available to ) Tj ET Q q 0 0 0 rg BT 498.18 454.75 Td (APS under ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 440.95 Td (this agreement is based in lar) Tj ET Q q 0 0 0 rg BT 237.10 440.95 Td (ge part on customer demand and is adjusted annually) Tj ET Q q 0 0 0 rg BT 480.35 440.95 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 427.15 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 427.15 Td (This is a seasonal capacity exchange agreement under which ) Tj ET Q q 0 0 0 rg BT 384.83 427.15 Td (APS receives electricity during the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 413.35 Td (summer peak season \(from May15 to September15\) and ) Tj ET Q q 0 0 0 rg BT 369.86 413.35 Td (APS returns a like amount of electricity ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 399.55 Td (during the winter season \(from October15 to February15\).) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 385.75 Td (\(c\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 385.75 Td (The capacity under this agreement may be increased in 10 MW) Tj ET Q q 0 0 0 rg BT 394.52 385.75 Td ( increments in years 2017 through ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 371.95 Td (2024, up to a maximum of 50 MW) Tj ET Q q 0 0 0 rg BT 262.79 371.95 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 358.15 Td (\(d\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 358.15 Td (Renewable ener) Tj ET Q q 0 0 0 rg BT 177.04 358.15 Td (gy purchased power agreements are described in detail below under Current and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 344.35 Td (Future Resources Renewable Ener) Tj ET Q q 0 0 0 rg BT 276.38 344.35 Td (gy Standard Renewable Ener) Tj ET Q q 0 0 0 rg BT 424.35 344.35 Td (gy Portfolio.) Tj ET Q BT /F2 11.50 Tf ET 0 0 0 RG /GS0 gs 1.09 w 0 i [] 0 d 1 J 1 j 3 M 85.5 319.7503173828125 m 238.833984375 319.7503173828125 l s q 0 0 0 rg BT 85.50 321.55 Td (Curr) Tj ET Q q 0 0 0 rg BT 110.20 321.55 Td (ent and Futur) Tj ET Q q 0 0 0 rg BT 178.37 321.55 Td (e Resour) Tj ET Q q 0 0 0 rg BT 221.27 321.55 Td (ces ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 238.83 321.55 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.75 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 293.95 Td (Curr) Tj ET Q q 0 0 0 rg BT 110.20 293.95 Td (ent Demand and Reserve Margin) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 274.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 274.15 Td (Electric power demand is generally seasonal. In ) Tj ET Q q 0 0 0 rg BT 310.63 274.15 Td (Arizona, demand for power peaks during the hot ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 260.35 Td (summer months. ) Tj ET Q q 0 0 0 rg BT 131.28 260.35 Td (APS) Tj ET Q q 0 0 0 rg BT 155.57 260.35 Td (s 2017 peak one-hour demand on its electric system was recorded on June 20, 2017 at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 246.55 Td (7,363 MW) Tj ET Q q 0 0 0 rg BT 98.27 246.55 Td (, compared to the 2016 peak of 7,051 MW) Tj ET Q q 0 0 0 rg BT 293.52 246.55 Td ( recorded on June 19, 2016. ) Tj ET Q q 0 0 0 rg BT 426.06 246.55 Td (APS) Tj ET Q q 0 0 0 rg BT 450.35 246.55 Td (s reserve mar) Tj ET Q q 0 0 0 rg BT 511.45 246.55 Td (gin at the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 232.75 Td (time of the 2017 peak demand, calculated using system load serving capacity) Tj ET Q q 0 0 0 rg BT 403.88 232.75 Td (, was 15%. For 2018, due to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 218.95 Td (expiring purchase contracts, ) Tj ET Q q 0 0 0 rg BT 181.07 218.95 Td (APS is procuring market resources to maintain its minimum 15% planning reserve ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 205.15 Td (criteria.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 177.55 Td (Futur) Tj ET Q q 0 0 0 rg BT 114.04 177.55 Td (e Resour) Tj ET Q q 0 0 0 rg BT 156.95 177.55 Td (ces and Resour) Tj ET Q q 0 0 0 rg BT 230.85 177.55 Td (ce Plan ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 157.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 157.75 Td (APS filed its preliminary 2017 Integrated Resource Plan on March 1, 2016 and an updated preliminary ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 143.95 Td (2017 Integrated Resource Plan on September 30, 2016. ) Tj ET Q q 0 0 0 rg BT 305.64 143.95 Td (APS also held stakeholder meetings in February and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 130.15 Td (November 2016 in addition to an ) Tj ET Q q 0 0 0 rg BT 204.09 130.15 Td (ACC-led Integrated Resource Plan workshop in July 2016. ) Tj ET Q q 0 0 0 rg BT 477.61 130.15 Td (The preliminary ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 116.35 Td (Integrated Resource Plan and associated stakeholder meetings are part of a modified planning process that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 102.55 Td (allows time to incorporate implications of the Clean Power Plan as well as input from stakeholder meetings. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 88.75 Td (The final Integrated Resource Plan was submitted on ) Tj ET Q q 0 0 0 rg BT 295.41 88.75 Td (April 10, 2017. ) Tj ET Q q 0 0 0 rg BT 371.23 88.75 Td (The ) Tj ET Q q 0 0 0 rg BT 391.35 88.75 Td (ACC has not yet completed its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 74.95 Td (review of the final Integrated Resource Plan.) Tj ET Q endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (13) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 734.55 Td (On September 1) Tj ET Q q 0 0 0 rg BT 159.81 734.55 Td (1, 2014, ) Tj ET Q q 0 0 0 rg BT 199.42 734.55 Td (APS announced that it would close Cholla Unit 2 and cease burning coal at the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (other ) Tj ET Q q 0 0 0 rg BT 75.37 720.75 Td (APS-owned units \(Units 1 and 3\) at the plant by the mid-2020s, if EP) Tj ET Q q 0 0 0 rg BT 393.74 720.75 Td (A) Tj ET Q q 0 0 0 rg BT 401.41 720.75 Td ( approved a compromise proposal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (of) Tj ET Q q 0 0 0 rg BT 58.87 706.95 Td (fered by ) Tj ET Q q 0 0 0 rg BT 99.11 706.95 Td (APS to meet required environmental and emissions standards and rules. In early 2017, EP) Tj ET Q q 0 0 0 rg BT 514.53 706.95 Td (A) Tj ET Q q 0 0 0 rg BT 522.20 706.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (approved a final rule incorporating ) Tj ET Q q 0 0 0 rg BT 212.04 693.15 Td (APS's compromise proposal, which took ef) Tj ET Q q 0 0 0 rg BT 410.67 693.15 Td (fect for Cholla on ) Tj ET Q q 0 0 0 rg BT 494.34 693.15 Td (April 26, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (2017. \(See "Business of ) Tj ET Q q 0 0 0 rg BT 164.72 679.35 Td (Arizona Public Service Company - Ener) Tj ET Q q 0 0 0 rg BT 350.06 679.35 Td (gy Sources and Resource Planning - ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (Generation Facilities - Coal-Fueled Generating Facilities - Cholla" above for information regarding the Cholla ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (Plant\). ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 624.15 Td (See "Business of ) Tj ET Q q 0 0 0 rg BT 165.27 624.15 Td (Arizona Public Service Company - Ener) Tj ET Q q 0 0 0 rg BT 350.61 624.15 Td (gy Sources and Resource Planning - ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (Generation Facilities - Coal-Fueled Generating Facilities" above for information regarding future plans for the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (Four Corners Plant, Navajo Plant and Ocotillo Plant." See Business of ) Tj ET Q q 0 0 0 rg BT 377.46 596.55 Td (Arizona Public Service Company - ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (Ener) Tj ET Q q 0 0 0 rg BT 71.00 582.75 Td (gy Sources and Resource Planning - Purchased Power Contracts" above for information regarding future ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (plans for purchased power contracts.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 541.35 Td (Energy Imbalance Market) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 513.75 Td (In 2015, ) Tj ET Q q 0 0 0 rg BT 126.07 513.75 Td (APS and the CAISO, the operator for the majority of California's transmission grid, signed an ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (agreement for ) Tj ET Q q 0 0 0 rg BT 115.91 499.95 Td (APS to begin participation in the Ener) Tj ET Q q 0 0 0 rg BT 291.37 499.95 Td (gy Imbalance Market \(EIM\). ) Tj ET Q q 0 0 0 rg BT 439.53 499.95 Td (APS's participation in the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (EIM began on October 1, 2016. ) Tj ET Q q 0 0 0 rg BT 201.00 486.15 Td (The EIM allows for rebalancing supply and demand in 15-minute blocks with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (dispatching every five minutes before the ener) Tj ET Q q 0 0 0 rg BT 262.60 472.35 Td (gy is needed, instead of the traditional one hour blocks. ) Tj ET Q q 0 0 0 rg BT 522.26 472.35 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (expects that its participation in EIM will lower its fuel costs, improve visibility and situational awareness for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.75 Td (system operations in the ) Tj ET Q q 0 0 0 rg BT 163.64 444.75 Td (W) Tj ET Q q 0 0 0 rg BT 173.57 444.75 Td (estern Interconnection power grid, and improve integration of ) Tj ET Q q 0 0 0 rg BT 460.03 444.75 Td (APS) Tj ET Q q 0 0 0 rg BT 484.32 444.75 Td (s renewable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (resources.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 403.35 Td (Renewable Energy Standard ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 383.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 383.55 Td (In 2006, the ) Tj ET Q q 0 0 0 rg BT 143.00 383.55 Td (ACC adopted the RES. Under the RES, electric utilities that are regulated by the ) Tj ET Q q 0 0 0 rg BT 518.26 383.55 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 369.75 Td (must supply an increasing percentage of their retail electric ener) Tj ET Q q 0 0 0 rg BT 344.02 369.75 Td (gy sales from eligible renewable resources, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 355.95 Td (including solar) Tj ET Q q 0 0 0 rg BT 117.71 355.95 Td (, wind, biomass, biogas and geothermal technologies. ) Tj ET Q q 0 0 0 rg BT 369.18 355.95 Td (The renewable ener) Tj ET Q q 0 0 0 rg BT 459.64 355.95 Td (gy requirement is 8% ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 342.15 Td (of retail electric sales in 2018 and increases annually until it reaches 15% in 2025. In ) Tj ET Q q 0 0 0 rg BT 444.86 342.15 Td (APS) Tj ET Q q 0 0 0 rg BT 469.15 342.15 Td (s 2009 general ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 328.35 Td (retail rate case settlement agreement \(the 2009 Settlement ) Tj ET Q q 0 0 0 rg BT 322.84 328.35 Td (Agreement\), ) Tj ET Q q 0 0 0 rg BT 387.98 328.35 Td (APS committed to use its best ef) Tj ET Q q 0 0 0 rg BT 537.90 328.35 Td (forts ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 314.55 Td (to have 1,700 GWh of new renewable resources in service by year) Tj ET Q q 0 0 0 rg BT 354.54 314.55 Td (-end 2015 in addition to its RES renewable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 300.75 Td (resource commitments. ) Tj ET Q q 0 0 0 rg BT 161.92 300.75 Td (APS met its settlement commitment and overall RES tar) Tj ET Q q 0 0 0 rg BT 421.07 300.75 Td (get for 2017.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 280.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 280.95 Td (A) Tj ET Q q 0 0 0 rg BT 93.17 280.95 Td ( component of the RES is focused on stimulating development of distributed ener) Tj ET Q q 0 0 0 rg BT 467.93 280.95 Td (gy systems. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 267.15 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 106.24 267.15 Td (, under the RES, an increasing percentage of that requirement must be supplied from distributed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 253.35 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 253.35 Td (gy resources. ) Tj ET Q q 0 0 0 rg BT 135.30 253.35 Td (This distributed ener) Tj ET Q q 0 0 0 rg BT 230.27 253.35 Td (gy requirement is 30% of the overall RES requirement of 8% in 2018. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 239.55 Td (The following table summarizes the RES requirement standard \(not including the additional commitment ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 225.75 Td (required by the 2009 Settlement ) Tj ET Q q 0 0 0 rg BT 199.29 225.75 Td (Agreement\) and its timing:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 211.95 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 188.45 239.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 188.45 86.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 188.45 8.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 188.45 86.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 188.45 8.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 188.45 86.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 188.45000000000005 m 375 188.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 188.45000000000005 m 469 188.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 188.45000000000005 m 563 188.45000000000005 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 191.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.50 192.68 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.50 192.68 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.50 192.68 Td (2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 173.57 Td (RES as a % of retail electric sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.80 173.57 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.30 173.57 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.30 173.57 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 153.57 Td (Percent of RES to be supplied from distributed ener) Tj ET Q q 0 0 0 rg BT 259.50 153.57 Td (gy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 143.57 Td (resources) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.30 148.57 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.30 148.57 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.30 148.57 Td (30%) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 111.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 111.35 Td (On ) Tj ET Q q 0 0 0 rg BT 101.80 111.35 Td (April 21, 2015, the RES rules were amended to require utilities to report on all eligible renewable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 97.55 Td (resources in their service territory) Tj ET Q q 0 0 0 rg BT 203.94 97.55 Td (, irrespective of whether the utility owns renewable ener) Tj ET Q q 0 0 0 rg BT 462.71 97.55 Td (gy credits associated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 83.75 Td (with such renewable ener) Tj ET Q q 0 0 0 rg BT 166.48 83.75 Td (gy) Tj ET Q q 0 0 0 rg BT 177.23 83.75 Td (. ) Tj ET Q q 0 0 0 rg BT 185.65 83.75 Td (The rules allow the ) Tj ET Q q 0 0 0 rg BT 276.35 83.75 Td (ACC to consider such information in determining whether ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 69.95 Td (APS has satisfied the requirements of the RES. See "Renewable Ener) Tj ET Q q 0 0 0 rg BT 371.45 69.95 Td (gy Ballot Initiative" and "Clean ) Tj ET Q endstream endobj 37 0 obj <>] /Rotate 0 /Contents 38 0 R>> endobj 38 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (14) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (Resource Ener) Tj ET Q q 0 0 0 rg BT 116.67 734.55 Td (gy Standard and ) Tj ET Q q 0 0 0 rg BT 194.07 734.55 Td (T) Tj ET Q q 0 0 0 rg BT 200.29 734.55 Td (arif) Tj ET Q q 0 0 0 rg BT 216.04 734.55 Td (f" in Note 3 for information regarding two additional renewable ener) Tj ET Q q 0 0 0 rg BT 532.20 734.55 Td (gy ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (standards proposals.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td ( ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 693.15 Td (Renewable Energy Portfolio.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 225.41 693.15 Td ( ) Tj ET Q q 0 0 0 rg BT 228.08 693.15 Td (T) Tj ET Q q 0 0 0 rg BT 234.30 693.15 Td (o date, ) Tj ET Q q 0 0 0 rg BT 267.20 693.15 Td (APS has a diverse portfolio of existing and planned renewable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (resources totaling 1,655 MW) Tj ET Q q 0 0 0 rg BT 182.58 679.35 Td (, including solar) Tj ET Q q 0 0 0 rg BT 256.54 679.35 Td (, wind, geothermal, biomass and biogas. Of this portfolio, 1,583 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (MW) Tj ET Q q 0 0 0 rg BT 70.37 665.55 Td ( are currently in operation and 72 MW) Tj ET Q q 0 0 0 rg BT 247.40 665.55 Td ( are under contract for development or are under construction. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (Renewable resources in operation include 239 MW) Tj ET Q q 0 0 0 rg BT 285.61 651.75 Td ( of facilities owned by ) Tj ET Q q 0 0 0 rg BT 390.68 651.75 Td (APS, 629 MW) Tj ET Q q 0 0 0 rg BT 458.53 651.75 Td ( of long-term ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (purchased power agreements, and an estimated 682 MW) Tj ET Q q 0 0 0 rg BT 309.87 637.95 Td ( of customer) Tj ET Q q 0 0 0 rg BT 367.13 637.95 Td (-sited, third-party owned distributed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 624.15 Td (gy resources.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 610.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 596.55 Td (APS) Tj ET Q q 0 0 0 rg BT 109.79 596.55 Td (s strategy to achieve its RES requirements includes executing purchased power contracts for new ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (facilities, ongoing development of distributed ener) Tj ET Q q 0 0 0 rg BT 281.79 582.75 Td (gy resources and procurement of new facilities to be owned ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (by ) Tj ET Q q 0 0 0 rg BT 63.24 568.95 Td (APS. See "Ener) Tj ET Q q 0 0 0 rg BT 138.64 568.95 Td (gy Sources and Resource Planning - Generation Facilities - Solar Facilities" above for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (information regarding ) Tj ET Q q 0 0 0 rg BT 152.97 555.15 Td (APS-owned solar facilities.) Tj ET Q endstream endobj 39 0 obj <>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (15) Tj ET Q BT /F1 10.60 Tf ET q 0 0 0 rg BT 85.50 735.20 Td (The following table summarizes ) Tj ET Q q 0 0 0 rg BT 224.44 735.20 Td (APS) Tj ET Q q 0 0 0 rg BT 246.83 735.20 Td (s renewable ener) Tj ET Q q 0 0 0 rg BT 317.86 735.20 Td (gy sources currently in operation and under development ) Tj ET Q BT /F1 10.60 Tf ET q 0 0 0 rg BT 49.50 722.45 Td (as of December 31, 2017. ) Tj ET Q q 0 0 0 rg BT 163.12 722.45 Td (Agreements for the development and completion of future resources are subject to various ) Tj ET Q BT /F1 10.60 Tf ET q 0 0 0 rg BT 49.50 709.75 Td (conditions, including successful siting, permitting and interconnection of the projects to the electric grid.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.41 709.75 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 653.25 158.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.00 653.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 653.25 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 653.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 653.25 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 653.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 653.25 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 653.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 653.25 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 653.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 653.25 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 535.00 653.25 28.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 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0.9333333333333333 1 rg /GS0 gs 312.00 235.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 235.25 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 235.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 235.25 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 235.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 235.25 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 235.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 235.25 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 535.00 235.25 28.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 207.25 158.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.00 207.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 207.25 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 207.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 207.25 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 207.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 207.25 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 207.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 207.25 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 207.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 207.25 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 535.00 207.25 28.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 181.25 158.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.00 181.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 181.25 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 181.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 181.25 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 181.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 181.25 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 181.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 181.25 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 181.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 181.25 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 535.00 181.25 28.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 155.25 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.00 155.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 155.25 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 155.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 155.25 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 155.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 155.25 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 155.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 155.25 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 155.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 155.25 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 535.00 155.25 28.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 128.25 158.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.00 128.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 128.25 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 128.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 128.25 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 128.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 128.25 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 128.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 128.25 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 128.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 128.25 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 535.00 128.25 28.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 102.25 158.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.00 102.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 102.25 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 102.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 102.25 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 102.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 102.25 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 102.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 102.25 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 102.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 102.25 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 535.00 102.25 28.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 76.25 158.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 208.00 76.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 76.25 100.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 76.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 76.25 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 76.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 76.25 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 76.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 76.25 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 76.25 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 76.25 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 535.00 76.25 28.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 653.25 m 312 653.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 653.25 m 374 653.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 653.25 m 412 653.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 653.25 m 473 653.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 653.25 m 535 653.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 535 653.25 m 563 653.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 484.25 m 473 484.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 484.25 m 535 484.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 484.25 m 535 484.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 419.25 m 473 419.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 419.25 m 535 419.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 155.25 m 473 155.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 155.25 m 535 155.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 141.25 m 473 141.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 141.25 m 535 141.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 76.25 m 473 76.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 76.25 m 535 76.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 63.25 m 473 63.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 63.25 m 535 63.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 51.25 m 473 51.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 49.25 m 473 49.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 51.25 m 535 51.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 49.25 m 535 49.25 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 655.97 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.35 657.48 Td (Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.05 691.33 Td (Actual/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.05 681.82 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.55 681.82 Td (T) Tj ET Q q 0 0 0 rg BT 339.15 681.82 Td (arget) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.45 673.33 Td (Commer) Tj ET Q q 0 0 0 rg BT 353.51 673.33 Td (cial) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.90 665.33 Td (Operation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.50 657.33 Td (Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.30 665.48 Td (T) Tj ET Q q 0 0 0 rg BT 389.90 665.48 Td (erm) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.25 657.48 Td (\(Y) Tj ET Q q 0 0 0 rg BT 389.80 657.48 Td (ears\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.00 685.48 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.40 675.97 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.90 675.97 Td (Capacity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.40 665.97 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.90 665.97 Td (InOperation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.05 657.48 Td (\(MW) Tj ET Q q 0 0 0 rg BT 445.12 657.48 Td () Tj ET Q q 0 0 0 rg BT 446.68 657.48 Td (AC\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.15 691.33 Td (NetCapacity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.10 681.82 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.60 681.82 Td (Planned/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.65 673.33 Td (Under) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.05 665.33 Td (Development) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.55 657.33 Td (\(MW) Tj ET Q q 0 0 0 rg BT 506.62 657.33 Td () Tj ET Q q 0 0 0 rg BT 508.18 657.33 Td (AC\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 643.98 Td (APS Owned) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 214.50 642.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 344.50 642.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 642.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 469.50 642.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 642.97 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 630.81 Td (Solar:) Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 214.50 629.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 344.50 629.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 408.50 629.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 469.50 629.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 629.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 617.82 Td (AZ Sun Program:) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 214.50 616.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 344.50 616.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 616.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 469.50 616.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 616.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 604.82 Td (Paloma) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 604.98 Td (Gila Bend, ) Tj ET Q q 0 0 0 rg BT 262.29 604.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.75 604.98 Td (201) Tj ET Q q 0 0 0 rg BT 349.47 604.98 Td (1) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 603.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 604.98 Td (17) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 603.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 591.82 Td (Cotton Center) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 591.98 Td (Gila Bend, ) Tj ET Q q 0 0 0 rg BT 262.29 591.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.75 591.98 Td (201) Tj ET Q q 0 0 0 rg BT 349.47 591.98 Td (1) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 590.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 591.98 Td (17) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 590.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 578.82 Td (Hyder Phase 1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 578.98 Td (Hyder) Tj ET Q q 0 0 0 rg BT 241.26 578.98 Td (, ) Tj ET Q q 0 0 0 rg BT 245.52 578.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.75 578.98 Td (201) Tj ET Q q 0 0 0 rg BT 349.47 578.98 Td (1) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 577.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 578.98 Td (1) Tj ET Q q 0 0 0 rg BT 464.15 578.98 Td (1) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 577.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 565.82 Td (Hyder Phase 2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 565.98 Td (Hyder) Tj ET Q q 0 0 0 rg BT 241.26 565.98 Td (, ) Tj ET Q q 0 0 0 rg BT 245.52 565.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 565.98 Td (2012) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 564.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 565.98 Td (5) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 564.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 552.82 Td (Chino ) Tj ET Q q 0 0 0 rg BT 85.36 552.82 Td (V) Tj ET Q q 0 0 0 rg BT 91.94 552.82 Td (alley) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 552.98 Td (Chino ) Tj ET Q q 0 0 0 rg BT 243.03 552.98 Td (V) Tj ET Q q 0 0 0 rg BT 249.71 552.98 Td (alley) Tj ET Q q 0 0 0 rg BT 268.97 552.98 Td (, ) Tj ET Q q 0 0 0 rg BT 273.41 552.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 552.98 Td (2012) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 551.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 552.98 Td (19) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 551.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 539.82 Td (Hyder II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 539.98 Td (Hyder) Tj ET Q q 0 0 0 rg BT 241.26 539.98 Td (, ) Tj ET Q q 0 0 0 rg BT 245.52 539.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 539.98 Td (2013) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 538.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 539.98 Td (14) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 538.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 526.82 Td (Foothills) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 526.98 Td (Y) Tj ET Q q 0 0 0 rg BT 221.26 526.98 Td (uma, ) Tj ET Q q 0 0 0 rg BT 244.42 526.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 526.98 Td (2013) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 525.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 526.98 Td (35) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 525.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 513.82 Td (Gila Bend) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 513.98 Td (Gila Bend, ) Tj ET Q q 0 0 0 rg BT 262.29 513.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 513.98 Td (2014) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 512.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.50 513.98 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 500.82 Td (Luke ) Tj ET Q q 0 0 0 rg BT 81.27 500.82 Td (AFB) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 500.98 Td (Glendale, ) Tj ET Q q 0 0 0 rg BT 257.56 500.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 500.98 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.50 500.98 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 487.82 Td (Desert Star) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 487.98 Td (Buckeye, ) Tj ET Q q 0 0 0 rg BT 255.33 487.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 487.98 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.50 487.98 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 474.82 Td (Subtotal ) Tj ET Q q 0 0 0 rg BT 105.78 474.82 Td (AZ Sun Program) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 214.50 473.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 344.50 473.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 473.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 474.98 Td (170) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 474.98 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 461.82 Td (Multiple Facilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 461.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.00 461.98 Td (V) Tj ET Q q 0 0 0 rg BT 334.76 461.98 Td (arious) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 460.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 461.98 Td (4) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 460.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 448.82 Td (Red Rock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 448.98 Td (Red Rock, ) Tj ET Q q 0 0 0 rg BT 261.17 448.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 448.98 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.50 448.98 Td (40) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 435.81 Td (Distributed Ener) Tj ET Q q 0 0 0 rg BT 119.81 435.81 Td (gy:) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 214.50 434.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 344.50 434.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 434.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 469.50 434.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 434.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 422.82 Td (APS Owned \(a\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 422.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.00 422.98 Td (V) Tj ET Q q 0 0 0 rg BT 334.76 422.98 Td (arious) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 421.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 422.98 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 409.98 Td (T) Tj ET Q q 0 0 0 rg BT 58.71 409.98 Td (otal ) Tj ET Q q 0 0 0 rg BT 76.58 409.98 Td (APS Owned) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 214.50 408.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 344.50 408.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 408.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 409.98 Td (239) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 409.98 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 396.98 Td (Pur) Tj ET Q q 0 0 0 rg BT 68.52 396.98 Td (chased Power) Tj ET Q q 0 0 0 rg BT 126.94 396.98 Td ( ) Tj ET Q q 0 0 0 rg BT 129.07 396.98 Td (Agr) Tj ET Q q 0 0 0 rg BT 145.36 396.98 Td (eements) Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 214.50 395.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 344.50 395.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 408.50 395.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 469.50 395.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 395.97 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 383.81 Td (Solar:) Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 214.50 382.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 344.50 382.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 408.50 382.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 469.50 382.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 382.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 370.82 Td (Solana) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 370.98 Td (Gila Bend, ) Tj ET Q q 0 0 0 rg BT 262.29 370.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 370.98 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 370.98 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 370.98 Td (250) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 369.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 357.82 Td (RE ) Tj ET Q q 0 0 0 rg BT 73.50 357.82 Td (Ajo) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 357.98 Td (Ajo, ) Tj ET Q q 0 0 0 rg BT 234.78 357.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.75 357.98 Td (201) Tj ET Q q 0 0 0 rg BT 349.47 357.98 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 357.98 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 357.98 Td (5) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 356.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 344.82 Td (Sun E ) Tj ET Q q 0 0 0 rg BT 84.89 344.82 Td (AZ 1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 344.98 Td (Pr) Tj ET Q q 0 0 0 rg BT 224.96 344.98 Td (escott, ) Tj ET Q q 0 0 0 rg BT 254.02 344.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.75 344.98 Td (201) Tj ET Q q 0 0 0 rg BT 349.47 344.98 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 344.98 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 344.98 Td (10) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 343.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 331.82 Td (Saddle Mountain) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 331.98 Td (T) Tj ET Q q 0 0 0 rg BT 220.71 331.98 Td (onopah, ) Tj ET Q q 0 0 0 rg BT 256.66 331.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 331.98 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 331.98 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 331.98 Td (15) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 330.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 318.82 Td (Badger) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 318.98 Td (T) Tj ET Q q 0 0 0 rg BT 220.71 318.98 Td (onopah, ) Tj ET Q q 0 0 0 rg BT 256.66 318.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 318.98 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 318.98 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 318.98 Td (15) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 317.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 305.82 Td (Gillespie) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 304.93 Td (Maricopa County) Tj ET Q q 0 0 0 rg BT 290.05 304.93 Td (, ) Tj ET Q q 0 0 0 rg BT 294.50 304.93 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 304.93 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 304.93 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 304.93 Td (15) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 302.97 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 290.81 Td (W) Tj ET Q q 0 0 0 rg BT 60.55 290.81 Td (ind:) Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 214.50 289.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 344.50 289.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 408.50 289.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 469.50 289.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 289.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 277.82 Td (Aragonne Mesa) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 277.98 Td (Santa Rosa, NM) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 277.98 Td (2006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 277.98 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 277.98 Td (90) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 276.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 264.82 Td (High Lonesome) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 264.98 Td (Mountainair) Tj ET Q q 0 0 0 rg BT 268.49 264.98 Td (, NM) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 264.98 Td (2009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 264.98 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 264.98 Td (100) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 263.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 251.82 Td (Perrin Ranch ) Tj ET Q q 0 0 0 rg BT 113.40 251.82 Td (W) Tj ET Q q 0 0 0 rg BT 122.54 251.82 Td (ind) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 251.98 Td (W) Tj ET Q q 0 0 0 rg BT 224.41 251.98 Td (illiams, ) Tj ET Q q 0 0 0 rg BT 257.38 251.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 251.98 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 251.98 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 251.98 Td (99) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 250.97 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 238.81 Td (Geothermal:) Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 214.50 237.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 344.50 237.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 408.50 237.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 469.50 237.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 237.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 225.82 Td (Salton Sea) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 224.93 Td (Imperial County) Tj ET Q q 0 0 0 rg BT 285.62 224.93 Td (, CA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 224.93 Td (2006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 224.93 Td (23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 224.93 Td (10) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 222.97 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 210.81 Td (Biomass:) Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 214.50 209.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 344.50 209.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 408.50 209.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 469.50 209.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 209.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 197.82 Td (Snowflake) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 197.98 Td (Snowflake, ) Tj ET Q q 0 0 0 rg BT 263.68 197.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 197.98 Td (2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 197.98 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 197.98 Td (14) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 196.97 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 184.81 Td (Biogas:) Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 214.50 183.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 344.50 183.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 408.50 183.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 469.50 183.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 183.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 171.82 Td (Glendale Landfill) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 171.98 Td (Glendale, ) Tj ET Q q 0 0 0 rg BT 257.56 171.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 171.98 Td (2010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 171.98 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 171.98 Td (3) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 170.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 158.82 Td (NW) Tj ET Q q 0 0 0 rg BT 75.07 158.82 Td ( Regional Landfill) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 158.98 Td (Surprise, ) Tj ET Q q 0 0 0 rg BT 255.89 158.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 158.98 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 158.98 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 158.98 Td (3) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 157.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 145.98 Td (T) Tj ET Q q 0 0 0 rg BT 58.71 145.98 Td (otal Pur) Tj ET Q q 0 0 0 rg BT 92.88 145.98 Td (chased Power) Tj ET Q q 0 0 0 rg BT 151.30 145.98 Td ( ) Tj ET Q q 0 0 0 rg BT 153.43 145.98 Td (Agr) Tj ET Q q 0 0 0 rg BT 169.72 145.98 Td (eements) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 214.50 143.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 344.50 143.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 143.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 145.93 Td (629) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 145.93 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 131.98 Td (Distributed Energy) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 214.50 130.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 344.50 130.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 130.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 469.50 130.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 130.97 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 118.81 Td (Solar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.17 118.81 Td ( \(b\)) Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 214.50 117.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 344.50 117.97 Td () Tj ET Q BT /F4 1.00 Tf ET q 0 0 0 rg BT 408.50 117.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 469.50 117.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 117.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 105.82 Td (Third-party Owned) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 105.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.00 105.98 Td (V) Tj ET Q q 0 0 0 rg BT 334.76 105.98 Td (arious) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 104.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 105.98 Td (682) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 105.98 Td (72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 92.82 Td (Agreement 1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 92.98 Td (Bagdad, ) Tj ET Q q 0 0 0 rg BT 252.02 92.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.75 92.98 Td (201) Tj ET Q q 0 0 0 rg BT 349.47 92.98 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 92.98 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 92.98 Td (15) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 91.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 79.82 Td (Agreement 2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.50 79.98 Td (AZ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.10 79.98 Td (201) Tj ET Q q 0 0 0 rg BT 337.55 79.98 Td (1-2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.15 79.98 Td (20-21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 79.98 Td (18) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 531.50 78.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 66.98 Td (T) Tj ET Q q 0 0 0 rg BT 58.71 66.98 Td (otal Distributed Energy) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 214.50 65.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 344.50 65.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 65.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 66.98 Td (715) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 66.98 Td (72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 53.98 Td (T) Tj ET Q q 0 0 0 rg BT 58.25 53.98 Td (otal Renewable Portfolio) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 214.50 52.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 344.50 52.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 408.50 52.97 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.65 53.98 Td (1,583) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 53.98 Td (72) Tj ET Q BT /F1 11.50 Tf ET endstream endobj 41 0 obj <>] /Rotate 0 /Contents 42 0 R>> endobj 42 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (16) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 720.75 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 112.50 720.75 Td (Includes Flagstaf) Tj ET Q q 0 0 0 rg BT 191.18 720.75 Td (f Community Power Project, ) Tj ET Q q 0 0 0 rg BT 325.66 720.75 Td (APS School and Government Program and ) Tj ET Q q 0 0 0 rg BT 525.62 720.75 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 112.50 706.95 Td (Solar Partner Program.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 693.15 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 112.50 693.15 Td (Includes rooftop solar facilities owned by third parties. Distributed generation is produced in DC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 112.50 679.35 Td (and is converted to ) Tj ET Q q 0 0 0 rg BT 201.92 679.35 Td (AC for reporting purposes.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 651.75 Td (Additionally) Tj ET Q q 0 0 0 rg BT 142.89 651.75 Td (, in early February 2018, ) Tj ET Q q 0 0 0 rg BT 258.82 651.75 Td (APS entered into a 15-year power purchase agreement for a 65 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (MW) Tj ET Q q 0 0 0 rg BT 70.37 637.95 Td ( solar facility that char) Tj ET Q q 0 0 0 rg BT 173.62 637.95 Td (ges a 50 MW) Tj ET Q q 0 0 0 rg BT 235.05 637.95 Td ( solar) Tj ET Q q 0 0 0 rg BT 260.05 637.95 Td (-fueled battery) Tj ET Q q 0 0 0 rg BT 326.68 637.95 Td (. Service under the agreement is scheduled to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (begin in 2021.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 604.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 604.35 Td (Demand Side Management ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 584.55 Td (In December2009, ) Tj ET Q q 0 0 0 rg BT 179.07 584.55 Td (Arizona regulators placed an increased focus on ener) Tj ET Q q 0 0 0 rg BT 422.49 584.55 Td (gy ef) Tj ET Q q 0 0 0 rg BT 445.59 584.55 Td (ficiency and other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (demand side management programs to encourage customers to conserve ener) Tj ET Q q 0 0 0 rg BT 404.71 570.75 Td (gy) Tj ET Q q 0 0 0 rg BT 415.46 570.75 Td (, while incentivizing utilities to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 556.95 Td (aid in these ef) Tj ET Q q 0 0 0 rg BT 113.48 556.95 Td (forts that ultimately reduce the demand for ener) Tj ET Q q 0 0 0 rg BT 332.65 556.95 Td (gy) Tj ET Q q 0 0 0 rg BT 343.40 556.95 Td (. ) Tj ET Q q 0 0 0 rg BT 351.82 556.95 Td (The ) Tj ET Q q 0 0 0 rg BT 371.94 556.95 Td (ACC initiated its Ener) Tj ET Q q 0 0 0 rg BT 474.26 556.95 Td (gy Ef) Tj ET Q q 0 0 0 rg BT 499.28 556.95 Td (ficiency ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 543.15 Td (rulemaking, with a proposed EES of 22% cumulative annual ener) Tj ET Q q 0 0 0 rg BT 350.77 543.15 Td (gy savings by 2020. ) Tj ET Q q 0 0 0 rg BT 448.31 543.15 Td (This standard was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 529.35 Td (adopted and became ef) Tj ET Q q 0 0 0 rg BT 154.97 529.35 Td (fective on January1, 201) Tj ET Q q 0 0 0 rg BT 270.47 529.35 Td (1. ) Tj ET Q q 0 0 0 rg BT 284.64 529.35 Td (This standard will likely impact ) Tj ET Q q 0 0 0 rg BT 433.16 529.35 Td (Arizona) Tj ET Q q 0 0 0 rg BT 473.39 529.35 Td (s future ener) Tj ET Q q 0 0 0 rg BT 530.66 529.35 Td (gy ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 515.55 Td (resource needs. \(See Note 3 for ener) Tj ET Q q 0 0 0 rg BT 219.16 515.55 Td (gy ef) Tj ET Q q 0 0 0 rg BT 242.26 515.55 Td (ficiency and other demand side management obligations\).) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 501.75 Td () Tj ET Q BT /F2 11.50 Tf ET 0 0 0 RG /GS0 gs 1.09 w 0 i [] 0 d 1 J 1 j 3 M 49.5 486.1503173828125 m 308.03125 486.1503173828125 l s q 0 0 0 rg BT 49.50 487.95 Td (Competitive Envir) Tj ET Q q 0 0 0 rg BT 140.32 487.95 Td (onment and Regulatory Oversight) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 474.15 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 460.35 Td (Retail) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 446.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 432.75 Td (The ) Tj ET Q q 0 0 0 rg BT 105.62 432.75 Td (ACC regulates ) Tj ET Q q 0 0 0 rg BT 175.89 432.75 Td (APS) Tj ET Q q 0 0 0 rg BT 200.18 432.75 Td (s retail electric rates and its issuance of securities. ) Tj ET Q q 0 0 0 rg BT 434.68 432.75 Td (The ) Tj ET Q q 0 0 0 rg BT 454.80 432.75 Td (ACC must also ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 418.95 Td (approve any significant transfer or encumbrance of ) Tj ET Q q 0 0 0 rg BT 286.75 418.95 Td (APS) Tj ET Q q 0 0 0 rg BT 311.05 418.95 Td (s property used to provide retail electric service and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 405.15 Td (approve or receive prior notification of certain transactions between Pinnacle ) Tj ET Q q 0 0 0 rg BT 406.93 405.15 Td (W) Tj ET Q q 0 0 0 rg BT 416.86 405.15 Td (est, ) Tj ET Q q 0 0 0 rg BT 434.76 405.15 Td (APS and their respective ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 391.35 Td (af) Tj ET Q q 0 0 0 rg BT 58.23 391.35 Td (filiates.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 377.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 363.75 Td (APS is subject to varying degrees of competition from other investor) Tj ET Q q 0 0 0 rg BT 402.11 363.75 Td (-owned electric and gas utilities in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 349.95 Td (Arizona \(such as Southwest Gas Corporation\), as well as cooperatives, municipalities, electrical districts and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 336.15 Td (similar types of governmental or non-profit or) Tj ET Q q 0 0 0 rg BT 261.36 336.15 Td (ganizations. In addition, some customers, particularly industrial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 322.35 Td (and lar) Tj ET Q q 0 0 0 rg BT 80.90 322.35 Td (ge commercial customers, may own and operate generation facilities to meet some or all of their own ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 308.55 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 308.55 Td (gy requirements. ) Tj ET Q q 0 0 0 rg BT 151.91 308.55 Td (This practice is becoming more popular with customers installing or having installed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 294.75 Td (products such as rooftop solar panels to meet or supplement their ener) Tj ET Q q 0 0 0 rg BT 371.53 294.75 Td (gy needs.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 280.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 267.15 Td (On ) Tj ET Q q 0 0 0 rg BT 101.80 267.15 Td (April14, 2010, the ) Tj ET Q q 0 0 0 rg BT 191.24 267.15 Td (ACC issued a decision holding that solar vendors that install and operate solar ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 253.35 Td (facilities for non-profit schools and governments pursuant to a specific type of contract that calculates ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 239.55 Td (payments based on the ener) Tj ET Q q 0 0 0 rg BT 176.39 239.55 Td (gy produced are not public service corporations under the ) Tj ET Q q 0 0 0 rg BT 453.89 239.55 Td (Arizona Constitution, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 225.75 Td (and are therefore not regulated by the ) Tj ET Q q 0 0 0 rg BT 224.16 225.75 Td (ACC. ) Tj ET Q q 0 0 0 rg BT 255.80 225.75 Td (APS cannot predict when, and the extent to which, additional ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 211.95 Td (electric service providers will enter or re-enter ) Tj ET Q q 0 0 0 rg BT 265.02 211.95 Td (APS) Tj ET Q q 0 0 0 rg BT 289.32 211.95 Td (s service territory) Tj ET Q q 0 0 0 rg BT 369.04 211.95 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 198.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 184.35 Td (On May9, 2013, the ) Tj ET Q q 0 0 0 rg BT 182.93 184.35 Td (ACC voted to re-examine the facilitation of a deregulated retail electric market in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 170.55 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 94.96 170.55 Td (The ) Tj ET Q q 0 0 0 rg BT 115.08 170.55 Td (ACC subsequently opened a docket for this matter and received comments from a number of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 156.75 Td (interested parties on the considerations involved in establishing retail electric deregulation in the state. One of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 142.95 Td (these considerations was whether various aspects of a deregulated market, including setting utility rates on a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 129.15 Td (market basis, would be consistent with the requirements of the ) Tj ET Q q 0 0 0 rg BT 349.39 129.15 Td (Arizona Constitution. On September1) Tj ET Q q 0 0 0 rg BT 529.11 129.15 Td (1, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 115.35 Td (2013, after receiving legal advice from the ) Tj ET Q q 0 0 0 rg BT 247.48 115.35 Td (ACC staf) Tj ET Q q 0 0 0 rg BT 290.39 115.35 Td (f, the ) Tj ET Q q 0 0 0 rg BT 316.26 115.35 Td (ACC voted 4-1 to close the current docket and await ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 101.55 Td (full ) Tj ET Q q 0 0 0 rg BT 67.71 101.55 Td (Arizona Constitutional authority before any further examination of this matter) Tj ET Q q 0 0 0 rg BT 426.36 101.55 Td (. ) Tj ET Q q 0 0 0 rg BT 434.78 101.55 Td (The motion approved by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 87.75 Td (the ) Tj ET Q q 0 0 0 rg BT 65.79 87.75 Td (ACC also included opening one or more new dockets in the future to explore options to of) Tj ET Q q 0 0 0 rg BT 480.78 87.75 Td (fer more rate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 73.95 Td (choices to customers and innovative changes within the existing cost-of-service regulatory model that could ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 60.15 Td (include elements of competition. ) Tj ET Q q 0 0 0 rg BT 205.78 60.15 Td (The ) Tj ET Q q 0 0 0 rg BT 225.90 60.15 Td (ACC opened a docket on November4, 2013 to explore technological ) Tj ET Q endstream endobj 43 0 obj <>] /Rotate 0 /Contents 44 0 R>> endobj 44 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (17) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (advances and innovative changes within the electric utility industry) Tj ET Q q 0 0 0 rg BT 358.53 734.55 Td (. ) Tj ET Q q 0 0 0 rg BT 366.52 734.55 Td (A) Tj ET Q q 0 0 0 rg BT 374.19 734.55 Td ( series of workshops in this docket were ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (held in 2014 and another in February of 2015. No further workshops are scheduled and no actions were taken ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (as a result of these workshops.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td ( ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 679.35 Td (Wholesale) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 651.75 Td (FERC regulates rates for wholesale power sales and transmission services. \(See Note 3 for information ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (regarding ) Tj ET Q q 0 0 0 rg BT 95.80 637.95 Td (APS) Tj ET Q q 0 0 0 rg BT 120.10 637.95 Td (s transmission rates.\) During 2017, approximately 3.8% of ) Tj ET Q q 0 0 0 rg BT 394.78 637.95 Td (APS) Tj ET Q q 0 0 0 rg BT 419.08 637.95 Td (s electric operating revenues ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (resulted from such sales and services. ) Tj ET Q q 0 0 0 rg BT 227.70 624.15 Td (APS) Tj ET Q q 0 0 0 rg BT 252.00 624.15 Td (s wholesale activity primarily consists of managing fuel and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (purchased power supplies to serve retail customer ener) Tj ET Q q 0 0 0 rg BT 301.25 610.35 Td (gy requirements. ) Tj ET Q q 0 0 0 rg BT 383.65 610.35 Td (APS also sells, in the wholesale ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (market, its generation output that is not needed for ) Tj ET Q q 0 0 0 rg BT 283.92 596.55 Td (APS) Tj ET Q q 0 0 0 rg BT 308.21 596.55 Td (s Native Load and, in doing so, competes with other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (utilities, power marketers and independent power producers. ) Tj ET Q q 0 0 0 rg BT 333.09 582.75 Td (Additionally) Tj ET Q q 0 0 0 rg BT 390.48 582.75 Td (, subject to specified parameters, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (APS hedges both electricity and fuels. ) Tj ET Q q 0 0 0 rg BT 230.70 568.95 Td (The majority of these activities are undertaken to mitigate risk in ) Tj ET Q q 0 0 0 rg BT 531.22 568.95 Td (APS) Tj ET Q q 0 0 0 rg BT 555.51 568.95 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (portfolio.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 527.55 Td (Subpoena fr) Tj ET Q q 0 0 0 rg BT 145.69 527.55 Td (om ) Tj ET Q q 0 0 0 rg BT 163.26 527.55 Td (Arizona Corporation Commissioner) Tj ET Q q 0 0 0 rg BT 340.65 527.55 Td ( Robert Burns ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 500.55 Td (On ) Tj ET Q q 0 0 0 rg BT 101.80 500.55 Td (August 25, 2016, Commissioner Burns, individually and not by action of the ) Tj ET Q q 0 0 0 rg BT 456.69 500.55 Td (ACC as a whole, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.75 Td (served subpoenas in ) Tj ET Q q 0 0 0 rg BT 144.36 486.75 Td (APS) Tj ET Q q 0 0 0 rg BT 168.65 486.75 Td (s then current retail rate proceeding on ) Tj ET Q q 0 0 0 rg BT 348.43 486.75 Td (APS and Pinnacle ) Tj ET Q q 0 0 0 rg BT 434.15 486.75 Td (W) Tj ET Q q 0 0 0 rg BT 444.08 486.75 Td (est for the production of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.95 Td (records and information relating to a range of expenditures from 201) Tj ET Q q 0 0 0 rg BT 365.22 472.95 Td (1 through 2016. ) Tj ET Q q 0 0 0 rg BT 441.04 472.95 Td (The subpoenas requested ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 459.15 Td (information concerning marketing and advertising expenditures, charitable donations, lobbying expenses, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.35 Td (contributions to 501\(c\)\(3\) and \(c\)\(4\) nonprofits and political contributions. ) Tj ET Q q 0 0 0 rg BT 399.01 445.35 Td (The return date for the production ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.55 Td (of information was set as September 15, 2016. ) Tj ET Q q 0 0 0 rg BT 265.84 431.55 Td (The subpoenas also sought testimony from Company personnel ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.75 Td (having knowledge of the material, including the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 362.26 417.75 Td (ficer) Tj ET Q q 0 0 0 rg BT 382.69 417.75 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 390.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 390.15 Td (On September 9, 2016, ) Tj ET Q q 0 0 0 rg BT 194.10 390.15 Td (APS filed with the ) Tj ET Q q 0 0 0 rg BT 281.63 390.15 Td (ACC a motion to quash the subpoenas or) Tj ET Q q 0 0 0 rg BT 469.95 390.15 Td (, alternatively to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.35 Td (stay ) Tj ET Q q 0 0 0 rg BT 70.27 376.35 Td (APS's obligations to comply with the subpoenas and decline to decide ) Tj ET Q q 0 0 0 rg BT 394.62 376.35 Td (APS's motion pending court ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.55 Td (proceedings. Contemporaneously with the filing of this motion, ) Tj ET Q q 0 0 0 rg BT 344.00 362.55 Td (APS and Pinnacle ) Tj ET Q q 0 0 0 rg BT 429.72 362.55 Td (W) Tj ET Q q 0 0 0 rg BT 439.65 362.55 Td (est filed a complaint for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.75 Td (special action and declaratory judgment in the Superior Court of ) Tj ET Q q 0 0 0 rg BT 347.78 348.75 Td (Arizona for Maricopa County) Tj ET Q q 0 0 0 rg BT 484.04 348.75 Td (, seeking a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.95 Td (declaratory judgment that Commissioner Burns) Tj ET Q q 0 0 0 rg BT 270.94 334.95 Td ( subpoenas are contrary to law) Tj ET Q q 0 0 0 rg BT 410.38 334.95 Td (. On September 15, 2016, ) Tj ET Q q 0 0 0 rg BT 533.36 334.95 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 321.15 Td (produced all non-confidential and responsive documents and of) Tj ET Q q 0 0 0 rg BT 341.50 321.15 Td (fered to produce any remaining responsive ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.35 Td (documents that are confidential after an appropriate confidentiality agreement is signed. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 279.75 Td (On February 7, 2017, Commissioner Burns opened a new ) Tj ET Q q 0 0 0 rg BT 352.85 279.75 Td (ACC docket and indicated that its purpose is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.95 Td (to study and rectify problems with transparency and disclosure regarding financial contributions from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 252.15 Td (regulated monopolies or other stakeholders who may appear before the ) Tj ET Q q 0 0 0 rg BT 378.43 252.15 Td (ACC that may directly or indirectly ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.35 Td (benefit an ) Tj ET Q q 0 0 0 rg BT 97.40 238.35 Td (ACC Commissioner) Tj ET Q q 0 0 0 rg BT 190.55 238.35 Td (, a candidate for ) Tj ET Q q 0 0 0 rg BT 266.86 238.35 Td (ACC Commissioner) Tj ET Q q 0 0 0 rg BT 360.01 238.35 Td (, or key ) Tj ET Q q 0 0 0 rg BT 397.06 238.35 Td (ACC staf) Tj ET Q q 0 0 0 rg BT 439.98 238.35 Td (f. ) Tj ET Q q 0 0 0 rg BT 451.80 238.35 Td (As part of this docket, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.55 Td (Commissioner Burns set March 24, 2017 as a deadline for the production of all information previously ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.75 Td (requested through the subpoenas. Neither ) Tj ET Q q 0 0 0 rg BT 242.40 210.75 Td (APS nor Pinnacle ) Tj ET Q q 0 0 0 rg BT 326.84 210.75 Td (W) Tj ET Q q 0 0 0 rg BT 336.78 210.75 Td (est produced the information requested and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.95 Td (instead objected to the subpoena. On March 10, 2017, Commissioner Burns filed suit against ) Tj ET Q q 0 0 0 rg BT 481.97 196.95 Td (APS and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 183.15 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.77 183.15 Td (W) Tj ET Q q 0 0 0 rg BT 101.70 183.15 Td (est in the Superior Court of ) Tj ET Q q 0 0 0 rg BT 229.47 183.15 Td (Arizona for Maricopa County in an ef) Tj ET Q q 0 0 0 rg BT 403.62 183.15 Td (fort to enforce his subpoenas. On ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.35 Td (March 30, 2017, ) Tj ET Q q 0 0 0 rg BT 127.75 169.35 Td (APS filed a motion to dismiss Commissioner Burns' suit against ) Tj ET Q q 0 0 0 rg BT 425.02 169.35 Td (APS and Pinnacle ) Tj ET Q q 0 0 0 rg BT 510.74 169.35 Td (W) Tj ET Q q 0 0 0 rg BT 520.67 169.35 Td (est. In ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.55 Td (response to the motion to dismiss, the court stayed the suit and ordered Commissioner Burns to file a motion to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.75 Td (compel the production of the information sought by the subpoenas with the ) Tj ET Q q 0 0 0 rg BT 397.64 141.75 Td (ACC. On June 20, 2017, the ) Tj ET Q q 0 0 0 rg BT 533.09 141.75 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.95 Td (denied the motion to compel. On ) Tj ET Q q 0 0 0 rg BT 208.88 127.95 Td (August 4, 2017, Commissioner Burns amended his complaint to add all of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 114.15 Td (the ) Tj ET Q q 0 0 0 rg BT 65.79 114.15 Td (ACC Commissioners and the ) Tj ET Q q 0 0 0 rg BT 202.52 114.15 Td (ACC itself as defendants. ) Tj ET Q q 0 0 0 rg BT 325.17 114.15 Td (All defendants moved to dismiss the complaint. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.35 Td (On February 15, 2018, the Superior Court dismissed Commissioner Burns) Tj ET Q q 0 0 0 rg BT 393.95 100.35 Td ( complaint. ) Tj ET Q q 0 0 0 rg BT 448.36 100.35 Td (The matter is subject to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.55 Td (appeal. ) Tj ET Q q 0 0 0 rg BT 84.62 86.55 Td (APS and Pinnacle ) Tj ET Q q 0 0 0 rg BT 170.34 86.55 Td (W) Tj ET Q q 0 0 0 rg BT 180.28 86.55 Td (est cannot predict the outcome of this matter) Tj ET Q q 0 0 0 rg BT 384.35 86.55 Td (. ) Tj ET Q endstream endobj 45 0 obj <>] /Rotate 0 /Contents 46 0 R>> endobj 46 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (18) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 734.55 Td (In addition to the Superior Court proceedings discussed above, on ) Tj ET Q q 0 0 0 rg BT 391.16 734.55 Td (August 20, 2017, Commissioner ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (Burns filed a special action petition in the ) Tj ET Q q 0 0 0 rg BT 243.68 720.75 Td (Arizona Supreme Court seeking to vacate the 2017 Rate Case ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (Decision so that alleged issues of disqualification and bias on the part of the other Commissioners could be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (fully investigated. ) Tj ET Q q 0 0 0 rg BT 137.66 693.15 Td (APS opposed the petition, and on October 17, 2017, the ) Tj ET Q q 0 0 0 rg BT 396.70 693.15 Td (Arizona Supreme Court declined to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (accept jurisdiction over Commissioner Burns) Tj ET Q q 0 0 0 rg BT 260.72 679.35 Td ( special action petition.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (Envir) Tj ET Q q 0 0 0 rg BT 77.41 651.75 Td (onmental Matters ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 624.15 Td (Climate Change) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 596.55 Td (Legislative Initiatives. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 195.38 596.55 Td (There have been no recent attempts by Congress to pass legislation that would ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (regulate greenhouse gas \("GHG"\) emissions, and it is doubtful whether the 1) Tj ET Q q 0 0 0 rg BT 402.11 582.75 Td (15) Tj ET Q BT /F1 11.50 Tf ET BT /F1 7.47 Tf ET q 0 0 0 rg BT 413.61 587.96 Td (th) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.43 582.75 Td ( Congress will consider a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (climate change bill. In the event climate change legislation ultimately passes, the actual economic and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (operational impact of such legislation on ) Tj ET Q q 0 0 0 rg BT 239.21 555.15 Td (APS depends on a variety of factors, none of which can be fully ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (known until a law is written and enacted and the specifics of the resulting program are established. ) Tj ET Q q 0 0 0 rg BT 508.84 541.35 Td (These ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (factors include the terms of the legislation with regard to allowed GHG emissions; the cost to reduce ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (emissions; in the event a cap-and-trade program is established, whether any permitted emissions allowances ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (will be allocated to source operators free of cost or auctioned \(and, if so, the cost of those allowances in the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (marketplace\) and whether of) Tj ET Q q 0 0 0 rg BT 181.16 486.15 Td (fsets and other measures to moderate the costs of compliance will be available; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (and, in the event of a carbon tax, the amount of the tax per pound of carbon dioxide \(CO) Tj ET Q BT /F1 11.50 Tf ET BT /F1 7.47 Tf ET q 0 0 0 rg BT 461.46 470.70 Td (2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 465.19 472.35 Td (\) equivalent ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (emitted.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 430.95 Td (In addition to federal legislative initiatives, state-specific initiatives may also impact our business. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (While ) Tj ET Q q 0 0 0 rg BT 79.84 417.15 Td (Arizona has no pending legislation and no proposed agency rule regulating GHGs in ) Tj ET Q q 0 0 0 rg BT 471.08 417.15 Td (Arizona, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td (California legislature enacted ) Tj ET Q q 0 0 0 rg BT 187.13 403.35 Td (AB 32 and SB 1368 in 2006 to address GHG emissions. In October 201) Tj ET Q q 0 0 0 rg BT 520.50 403.35 Td (1, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td (California ) Tj ET Q q 0 0 0 rg BT 98.37 389.55 Td (Air Resources Board approved final regulations that established a state-wide cap on GHG emissions ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td (beginning on January 1, 2013 and established a GHG allowance trading program under that cap. ) Tj ET Q q 0 0 0 rg BT 498.31 375.75 Td (The first ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (phase of the program, which applies to, among other entities, importers of electricity) Tj ET Q q 0 0 0 rg BT 438.05 361.95 Td (, commenced on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td (January1, 2013. Under the program, entities selling electricity into California, including ) Tj ET Q q 0 0 0 rg BT 461.81 348.15 Td (APS, must hold ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.35 Td (carbon allowances to cover GHG emissions associated with electricity sales into California from outside the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (state. ) Tj ET Q q 0 0 0 rg BT 78.57 320.55 Td (APS is authorized to recover the cost of these carbon allowances through the PSA. ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 292.95 Td (Regulatory Initiatives.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 190.92 292.95 Td ( In 2009, EP) Tj ET Q q 0 0 0 rg BT 250.24 292.95 Td (A) Tj ET Q q 0 0 0 rg BT 257.91 292.95 Td ( determined that GHG emissions endanger public health and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.15 Td (welfare. ) Tj ET Q q 0 0 0 rg BT 91.96 279.15 Td (As a result of this endangerment finding, EP) Tj ET Q q 0 0 0 rg BT 305.53 279.15 Td (A) Tj ET Q q 0 0 0 rg BT 313.20 279.15 Td ( determined that the Clean ) Tj ET Q q 0 0 0 rg BT 436.79 279.15 Td (Air ) Tj ET Q q 0 0 0 rg BT 454.36 279.15 Td (Act required new ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.35 Td (regulatory requirements for new and modified major GHG emitting sources, including power plants. ) Tj ET Q q 0 0 0 rg BT 517.06 265.35 Td (APS will ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.55 Td (generally be required to consider the impact of GHG emissions as part of its traditional New Source Review ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.75 Td (\("NSR"\) analysis for new major sources and major modifications to existing plants.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 210.15 Td (On June 2, 2014, EP) Tj ET Q q 0 0 0 rg BT 179.00 210.15 Td (A) Tj ET Q q 0 0 0 rg BT 186.67 210.15 Td ( issued two proposed rules to regulate GHG emissions from modified and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.35 Td (reconstructed electric generating units \("EGUs"\) pursuant to Section 1) Tj ET Q q 0 0 0 rg BT 372.70 196.35 Td (1) Tj ET Q q 0 0 0 rg BT 378.03 196.35 Td (1\(b\) of the Clean ) Tj ET Q q 0 0 0 rg BT 458.51 196.35 Td (Air ) Tj ET Q q 0 0 0 rg BT 476.08 196.35 Td (Act and existing ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.55 Td (fossil fuel-fired power plants pursuant to Clean ) Tj ET Q q 0 0 0 rg BT 268.92 182.55 Td (Air ) Tj ET Q q 0 0 0 rg BT 286.49 182.55 Td (Act Section 1) Tj ET Q q 0 0 0 rg BT 348.66 182.55 Td (1) Tj ET Q q 0 0 0 rg BT 353.98 182.55 Td (1\(d\). ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 154.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 154.95 Td (On ) Tj ET Q q 0 0 0 rg BT 101.80 154.95 Td (August 3, 2015, EP) Tj ET Q q 0 0 0 rg BT 190.51 154.95 Td (A) Tj ET Q q 0 0 0 rg BT 198.18 154.95 Td ( finalized carbon pollution standards for EGUs. Shortly thereafter) Tj ET Q q 0 0 0 rg BT 502.39 154.95 Td (, a coalition ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.15 Td (of states, industry groups and electric utilities challenged the legality of these standards, including EP) Tj ET Q q 0 0 0 rg BT 515.37 141.15 Td (A's Clean ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.35 Td (Power Plan for existing EGUs, in the U.S. Court of ) Tj ET Q q 0 0 0 rg BT 287.48 127.35 Td (Appeals for the D.C. Circuit. On February 9, 2016, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.55 Td (U.S. Supreme Court granted a stay of the Clean Power Plan pending judicial review of the rule, which ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 99.75 Td (temporarily delays compliance obligations under the Clean Power Plan. On March 28, 2017, President ) Tj ET Q q 0 0 0 rg BT 526.45 99.75 Td (T) Tj ET Q q 0 0 0 rg BT 533.07 99.75 Td (rump ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 85.95 Td (issued an Executive Order that, among other things, instructs EP) Tj ET Q q 0 0 0 rg BT 345.16 85.95 Td (A) Tj ET Q q 0 0 0 rg BT 352.83 85.95 Td ( to reevaluate ) Tj ET Q q 0 0 0 rg BT 417.00 85.95 Td (Agency regulations concerning ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.15 Td (carbon emissions from EGUs and take appropriate action to suspend, revise or rescind the ) Tj ET Q q 0 0 0 rg BT 465.63 72.15 Td (August 2015 carbon ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.35 Td (pollution standards for EGUs, including the Clean Power Plan. ) Tj ET Q q 0 0 0 rg BT 344.00 58.35 Td (Also on March 28, 2017, DOJ, on behalf of ) Tj ET Q endstream endobj 47 0 obj <>] /Rotate 0 /Contents 48 0 R>> endobj 48 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (19) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (EP) Tj ET Q q 0 0 0 rg BT 61.87 734.55 Td (A, filed a motion with the U.S. Court of ) Tj ET Q q 0 0 0 rg BT 247.77 734.55 Td (Appeals for the D.C. Circuit Court to hold the ongoing litigation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (over the Clean Power Plan in abeyance pending EP) Tj ET Q q 0 0 0 rg BT 284.77 720.75 Td (A) Tj ET Q q 0 0 0 rg BT 292.44 720.75 Td ( action in accordance with the Executive Order) Tj ET Q q 0 0 0 rg BT 507.98 720.75 Td (. ) Tj ET Q q 0 0 0 rg BT 515.97 720.75 Td (At this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (time, the D.C. Circuit Court proceedings evaluating the legality of the Clean Power Plan remain on hold. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 679.35 Td (Based upon EP) Tj ET Q q 0 0 0 rg BT 154.72 679.35 Td (A's reevaluation of the ) Tj ET Q q 0 0 0 rg BT 260.90 679.35 Td (August 2015 carbon pollution standards and the legal basis for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (these regulations, on October 10, 2017, EP) Tj ET Q q 0 0 0 rg BT 245.51 665.55 Td (A) Tj ET Q q 0 0 0 rg BT 253.18 665.55 Td ( issued a proposal to repeal the Clean Power Plan. ) Tj ET Q q 0 0 0 rg BT 485.80 665.55 Td (That proposal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (relies on EP) Tj ET Q q 0 0 0 rg BT 104.02 651.75 Td (A's current view as to the ) Tj ET Q q 0 0 0 rg BT 222.98 651.75 Td (Agency's legal authority under Clean ) Tj ET Q q 0 0 0 rg BT 395.91 651.75 Td (Air ) Tj ET Q q 0 0 0 rg BT 413.48 651.75 Td (Act Section 1) Tj ET Q q 0 0 0 rg BT 475.66 651.75 Td (1) Tj ET Q q 0 0 0 rg BT 480.98 651.75 Td (1\(d\), which \(in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (contrast to the Clean Power Plan\) would limit the scope of any future Section 1) Tj ET Q q 0 0 0 rg BT 413.81 637.95 Td (1) Tj ET Q q 0 0 0 rg BT 419.13 637.95 Td (1\(d\) regulations to measures ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (undertaken exclusively at a power plant's source of GHG emissions. On December 18, 2017, EP) Tj ET Q q 0 0 0 rg BT 494.44 624.15 Td (A) Tj ET Q q 0 0 0 rg BT 502.12 624.15 Td ( issued an ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (Advanced Notice of Proposed Rulemaking through which EP) Tj ET Q q 0 0 0 rg BT 331.74 610.35 Td (A) Tj ET Q q 0 0 0 rg BT 339.41 610.35 Td ( is soliciting comments as to potential ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (replacements for the Clean Power Plan that would be consistent with EP) Tj ET Q q 0 0 0 rg BT 381.56 596.55 Td (A's current legal interpretation of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (Clean ) Tj ET Q q 0 0 0 rg BT 78.57 582.75 Td (Air ) Tj ET Q q 0 0 0 rg BT 96.14 582.75 Td (Act. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 555.15 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 555.15 Td (e cannot predict the outcome of EP) Tj ET Q q 0 0 0 rg BT 255.97 555.15 Td (A's regulatory actions related to the ) Tj ET Q q 0 0 0 rg BT 421.55 555.15 Td (August 2015 carbon pollution ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (standards for EGU's, including any actions related to EP) Tj ET Q q 0 0 0 rg BT 307.62 541.35 Td (A's repeal proposal for the Clean Power Plan or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (additional rulemaking actions to develop regulations replacing the Clean Power Plan. In addition, we cannot ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (predict whether the D.C. Circuit Court will continue to hold the litigation challenging the original Clean Power ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (Plan in abeyance in light of EP) Tj ET Q q 0 0 0 rg BT 190.89 499.95 Td (A's repeal proposal. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td ( ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 472.35 Td (Company Response to Climate Change Initiatives) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 320.32 472.35 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 323.19 472.35 Td ( ) Tj ET Q q 0 0 0 rg BT 328.74 472.35 Td (W) Tj ET Q q 0 0 0 rg BT 338.67 472.35 Td (e have undertaken a number of initiatives that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (address emission concerns, including renewable ener) Tj ET Q q 0 0 0 rg BT 293.27 458.55 Td (gy procurement and development, promotion of programs ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.75 Td (and rates that promote ener) Tj ET Q q 0 0 0 rg BT 174.46 444.75 Td (gy conservation, renewable ener) Tj ET Q q 0 0 0 rg BT 323.05 444.75 Td (gy use, and ener) Tj ET Q q 0 0 0 rg BT 397.57 444.75 Td (gy ef) Tj ET Q q 0 0 0 rg BT 420.67 444.75 Td (ficiency) Tj ET Q q 0 0 0 rg BT 456.96 444.75 Td (. \(See Ener) Tj ET Q q 0 0 0 rg BT 515.50 444.75 Td (gy ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (Sources and Resource Planning - Current and Future Resources above for details of these plans and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (initiatives.\) ) Tj ET Q q 0 0 0 rg BT 106.68 417.15 Td (APS currently has a diverse portfolio of renewable resources, including solar) Tj ET Q q 0 0 0 rg BT 460.38 417.15 Td (, wind, geothermal, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td (biogas, and biomass. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 377.55 Td (APS prepares an annual inventory of GHG emissions from its operations. ) Tj ET Q q 0 0 0 rg BT 429.28 377.55 Td (This inventory is reported to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 363.75 Td (EP) Tj ET Q q 0 0 0 rg BT 61.87 363.75 Td (A) Tj ET Q q 0 0 0 rg BT 69.54 363.75 Td ( under the EP) Tj ET Q q 0 0 0 rg BT 130.76 363.75 Td (A) Tj ET Q q 0 0 0 rg BT 138.43 363.75 Td ( GHG Reporting Program and is voluntarily communicated to the public in Pinnacle ) Tj ET Q q 0 0 0 rg BT 528.84 363.75 Td (W) Tj ET Q q 0 0 0 rg BT 538.77 363.75 Td (est) Tj ET Q q 0 0 0 rg BT 554.74 363.75 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 349.95 Td (annual Corporate Responsibility Report, which is available on our website \() Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 398.58 349.95 Td (www) Tj ET Q q 0 0 0 rg BT 420.74 349.95 Td (.pinnaclewest.com) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 505.70 349.95 Td (\). ) Tj ET Q q 0 0 0 rg BT 517.94 349.95 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 336.15 Td (report provides information related to the Company and its approach to sustainability and its workplace and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 322.35 Td (environmental performance. ) Tj ET Q q 0 0 0 rg BT 185.32 322.35 Td (The information on Pinnacle ) Tj ET Q q 0 0 0 rg BT 319.89 322.35 Td (W) Tj ET Q q 0 0 0 rg BT 329.82 322.35 Td (est) Tj ET Q q 0 0 0 rg BT 345.79 322.35 Td (s website, including the Corporate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 308.55 Td (Responsibility Report, is not incorporated by reference into or otherwise a part of this report.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 295.35 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 85.50 282.15 Td (EP) Tj ET Q q 0 0 0 rg BT 98.74 282.15 Td (A) Tj ET Q q 0 0 0 rg BT 106.08 282.15 Td ( Envir) Tj ET Q q 0 0 0 rg BT 135.52 282.15 Td (onmental Regulation) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 254.55 Td (Regional Haze Rules) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 185.18 254.55 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 188.05 254.55 Td ( In 1999, EP) Tj ET Q q 0 0 0 rg BT 247.37 254.55 Td (A) Tj ET Q q 0 0 0 rg BT 255.04 254.55 Td ( announced regional haze rules to reduce visibility impairment in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 240.75 Td (national parks and wilderness areas. ) Tj ET Q q 0 0 0 rg BT 220.78 240.75 Td (The rules require states \(or) Tj ET Q q 0 0 0 rg BT 343.58 240.75 Td (, for sources located on tribal land, EP) Tj ET Q q 0 0 0 rg BT 518.49 240.75 Td (A\) to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 226.95 Td (determine what pollution control technologies constitute the BAR) Tj ET Q q 0 0 0 rg BT 351.91 226.95 Td (T) Tj ET Q q 0 0 0 rg BT 358.73 226.95 Td ( for certain older major stationary sources, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 213.15 Td (including fossil-fired power plants. EP) Tj ET Q q 0 0 0 rg BT 229.23 213.15 Td (A) Tj ET Q q 0 0 0 rg BT 236.90 213.15 Td ( subsequently issued the Clean ) Tj ET Q q 0 0 0 rg BT 380.31 213.15 Td (Air ) Tj ET Q q 0 0 0 rg BT 398.31 213.15 Td (V) Tj ET Q q 0 0 0 rg BT 405.92 213.15 Td (isibility Rule, which provides ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 199.35 Td (guidelines on how to perform a BAR) Tj ET Q q 0 0 0 rg BT 219.37 199.35 Td (T) Tj ET Q q 0 0 0 rg BT 226.19 199.35 Td ( analysis.) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 49.50 171.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 171.75 Td (Cholla. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 125.44 171.75 Td (APS believed that EP) Tj ET Q q 0 0 0 rg BT 223.72 171.75 Td (A) Tj ET Q q 0 0 0 rg BT 230.75 171.75 Td () Tj ET Q q 0 0 0 rg BT 233.95 171.75 Td (s original 2012 final ruleestablishing controls constituting BAR) Tj ET Q q 0 0 0 rg BT 528.40 171.75 Td (T) Tj ET Q q 0 0 0 rg BT 535.22 171.75 Td ( for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 157.95 Td (Cholla, which would require installation of selective catalytic reduction \("SCR"\) controls, was unsupported ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 144.15 Td (and that EP) Tj ET Q q 0 0 0 rg BT 101.46 144.15 Td (A) Tj ET Q q 0 0 0 rg BT 109.14 144.15 Td ( had no basis for disapproving ) Tj ET Q q 0 0 0 rg BT 250.32 144.15 Td (Arizona) Tj ET Q q 0 0 0 rg BT 290.55 144.15 Td (s State Implementation Plan \("SIP"\) and promulgating a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 130.35 Td (Federal Implementation Plan \("FIP"\) that was inconsistent with the state) Tj ET Q q 0 0 0 rg BT 385.63 130.35 Td (s considered BAR) Tj ET Q q 0 0 0 rg BT 468.62 130.35 Td (T) Tj ET Q q 0 0 0 rg BT 475.44 130.35 Td ( determinations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 116.55 Td (under the regional haze program. In September 2014, ) Tj ET Q q 0 0 0 rg BT 300.19 116.55 Td (APS met with EP) Tj ET Q q 0 0 0 rg BT 379.96 116.55 Td (A) Tj ET Q q 0 0 0 rg BT 387.63 116.55 Td ( to propose a compromise BAR) Tj ET Q q 0 0 0 rg BT 532.27 116.55 Td (T) Tj ET Q q 0 0 0 rg BT 539.09 116.55 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 102.75 Td (strategy) Tj ET Q q 0 0 0 rg BT 85.16 102.75 Td (. ) Tj ET Q q 0 0 0 rg BT 93.15 102.75 Td (APS would permanently close Cholla Unit 2 and cease burning coal at Units 1 and 3 by the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 88.95 Td (mid-2020s. \(See Note 3 for details related to the resulting regulatory asset.\) ) Tj ET Q q 0 0 0 rg BT 404.00 88.95 Td (APS made the proposal with the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 75.15 Td (understanding that additional emission control equipment is unlikely to be required in the future because ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 61.35 Td (retiring and/or converting the units as contemplated in the proposal is more cost ef) Tj ET Q q 0 0 0 rg BT 428.38 61.35 Td (fective than, and will result ) Tj ET Q endstream endobj 49 0 obj <>] /Rotate 0 /Contents 50 0 R>> endobj 50 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (20) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (in increased visibility improvement over) Tj ET Q q 0 0 0 rg BT 235.55 734.55 Td (, the current BAR) Tj ET Q q 0 0 0 rg BT 316.62 734.55 Td (T) Tj ET Q q 0 0 0 rg BT 323.44 734.55 Td ( requirements for NOx imposed on the Cholla units ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (under EP) Tj ET Q q 0 0 0 rg BT 90.92 720.75 Td (A's BAR) Tj ET Q q 0 0 0 rg BT 131.61 720.75 Td (T) Tj ET Q q 0 0 0 rg BT 138.42 720.75 Td ( FIP) Tj ET Q q 0 0 0 rg BT 156.65 720.75 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 693.15 Td (On October 16, 2015, ) Tj ET Q q 0 0 0 rg BT 187.71 693.15 Td (ADEQ issued a revised operating permit for Cholla, which incorporates ) Tj ET Q q 0 0 0 rg BT 520.17 693.15 Td (APS's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (proposal, and subsequently submitted a proposed revision to the SIP) Tj ET Q q 0 0 0 rg BT 363.38 679.35 Td ( to EP) Tj ET Q q 0 0 0 rg BT 390.44 679.35 Td (A, which would incorporate the new ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (permit terms. On June 30, 2016, EP) Tj ET Q q 0 0 0 rg BT 215.82 665.55 Td (A) Tj ET Q q 0 0 0 rg BT 223.49 665.55 Td ( issued a proposed rule approving a revision to the ) Tj ET Q q 0 0 0 rg BT 457.28 665.55 Td (Arizona SIP) Tj ET Q q 0 0 0 rg BT 513.39 665.55 Td ( that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (incorporates ) Tj ET Q q 0 0 0 rg BT 108.58 651.75 Td (APS) Tj ET Q q 0 0 0 rg BT 132.87 651.75 Td (s compromise approach for compliance with the regional haze program. In early 2017, EP) Tj ET Q q 0 0 0 rg BT 548.88 651.75 Td (A) Tj ET Q q 0 0 0 rg BT 556.55 651.75 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (approved a final rule incorporating ) Tj ET Q q 0 0 0 rg BT 212.04 637.95 Td (APS's compromise proposal, which took ef) Tj ET Q q 0 0 0 rg BT 410.67 637.95 Td (fect for Cholla on ) Tj ET Q q 0 0 0 rg BT 494.34 637.95 Td (April 26, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (2017.) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 596.55 Td (Four Corners) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 149.08 596.55 Td (. Based on EP) Tj ET Q q 0 0 0 rg BT 215.42 596.55 Td (A) Tj ET Q q 0 0 0 rg BT 222.45 596.55 Td () Tj ET Q q 0 0 0 rg BT 225.65 596.55 Td (s final standards, ) Tj ET Q q 0 0 0 rg BT 305.50 596.55 Td (APS's 63% share of the cost of required controls for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (Four Corners Units 4 and 5 is approximately $400 million. \(See Note 3 for information regarding the related ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (rate recovery) Tj ET Q q 0 0 0 rg BT 109.08 568.95 Td (.\) In addition, ) Tj ET Q q 0 0 0 rg BT 176.80 568.95 Td (APS and El Paso entered into an asset purchase agreement providing for the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (purchase by ) Tj ET Q q 0 0 0 rg BT 106.98 555.15 Td (APS, or an af) Tj ET Q q 0 0 0 rg BT 168.74 555.15 Td (filiate of ) Tj ET Q q 0 0 0 rg BT 210.26 555.15 Td (APS, of El Paso's 7% interest in Four Corners Units 4 and 5. 4CA) Tj ET Q q 0 0 0 rg BT 515.81 555.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (purchased the El Paso interest on July 6, 2016. NTEC has the option to purchase the interest within a certain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (timeframe pursuant to an option granted to NTEC. In December 2015, NTEC notified ) Tj ET Q q 0 0 0 rg BT 449.99 527.55 Td (APS of its intent to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (exercise the option. ) Tj ET Q q 0 0 0 rg BT 144.78 513.75 Td (The purchase did not occur during the originally contemplated timeframe. ) Tj ET Q q 0 0 0 rg BT 490.74 513.75 Td (The parties are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (currently in discussions as to the future of the option transaction. ) Tj ET Q q 0 0 0 rg BT 353.03 499.95 Td (The cost of the pollution controls related to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (the 7% interest is approximately $45 million, which will be assumed by the ultimate owner of the 7% interest. ) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 458.55 Td (Navajo Plant) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 146.51 458.55 Td (. ) Tj ET Q q 0 0 0 rg BT 154.50 458.55 Td (APS estimates that its share of costs for upgrades at the Navajo Plant, based on EP) Tj ET Q q 0 0 0 rg BT 533.52 458.55 Td (A) Tj ET Q q 0 0 0 rg BT 540.55 458.55 Td () Tj ET Q q 0 0 0 rg BT 543.75 458.55 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.75 Td (FIP) Tj ET Q q 0 0 0 rg BT 64.85 444.75 Td (, could be up to approximately $200 million; however) Tj ET Q q 0 0 0 rg BT 312.55 444.75 Td (, given the future plans for the Navajo Plant, we do ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (not expect to incur these costs. See "Ener) Tj ET Q q 0 0 0 rg BT 242.09 430.95 Td (gy Sources and Resource Planning - Generation Facilities - Coal-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (Fueled Generating Facilities - Navajo Generating Station" above and "Navajo Plant" in Note 3 for information ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td (regarding future plans for the Navajo Plant.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 375.75 Td (Coal Combustion ) Tj ET Q q 0 0 0 rg BT 170.93 375.75 Td (W) Tj ET Q q 0 0 0 rg BT 180.30 375.75 Td (aste.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 201.70 375.75 Td ( On December 19, 2014, EP) Tj ET Q q 0 0 0 rg BT 330.00 375.75 Td (A) Tj ET Q q 0 0 0 rg BT 337.67 375.75 Td ( issued its final regulations governing the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (handling and disposal of CCR, such as fly ash and bottom ash. ) Tj ET Q q 0 0 0 rg BT 342.84 361.95 Td (The rule regulates CCR as a non-hazardous ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td (waste under Subtitle D of the Resource Conservation and Recovery ) Tj ET Q q 0 0 0 rg BT 362.48 348.15 Td (Act \("RCRA"\) and establishes national ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.35 Td (minimum criteria for existing and new CCR landfills and surface impoundments and all lateral expansions ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (consisting of location restrictions, design and operating criteria, groundwater monitoring and corrective action, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (closure requirements and post closure care, and recordkeeping, notification, and Internet posting requirements. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td (The rule generally requires any existing unlined CCR surface impoundment that is contaminating groundwater ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.15 Td (above a regulated constituent) Tj ET Q q 0 0 0 rg BT 187.13 279.15 Td (s groundwater protection standard to stop receiving CCR and either retrofit or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.35 Td (close, and further requires the closure of any CCR landfill or surface impoundment that cannot meet the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.55 Td (applicable performance criteria for location restrictions or structural integrity) Tj ET Q q 0 0 0 rg BT 403.20 251.55 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 223.95 Td (While EP) Tj ET Q q 0 0 0 rg BT 128.84 223.95 Td (A) Tj ET Q q 0 0 0 rg BT 136.51 223.95 Td ( has chosen to regulate the disposal of CCR in landfills and surface impoundments as non-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.15 Td (hazardous waste under the final rule, the agency makes clear that it will continue to evaluate any risks ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.35 Td (associated with CCR disposal and leaves open the possibility that it may regulate CCR as a hazardous waste ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.55 Td (under RCRA) Tj ET Q q 0 0 0 rg BT 109.24 182.55 Td ( Subtitle C in the future.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 158.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 158.75 Td (On December 16, 2016, President Obama signed the ) Tj ET Q q 0 0 0 rg BT 329.93 158.75 Td (W) Tj ET Q q 0 0 0 rg BT 339.86 158.75 Td (ater Infrastructure Improvements for the Nation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 144.95 Td (\("WIIN"\) ) Tj ET Q q 0 0 0 rg BT 95.61 144.95 Td (Act into law) Tj ET Q q 0 0 0 rg BT 151.71 144.95 Td (, which contains a number of provisions requiring EP) Tj ET Q q 0 0 0 rg BT 396.27 144.95 Td (A) Tj ET Q q 0 0 0 rg BT 403.94 144.95 Td ( to modify the self-implementing ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 131.15 Td (provisions of the ) Tj ET Q q 0 0 0 rg BT 129.04 131.15 Td (Agency's current CCR rules under Subtitle D. Such modifications include new EP) Tj ET Q q 0 0 0 rg BT 508.54 131.15 Td (A) Tj ET Q q 0 0 0 rg BT 516.22 131.15 Td ( authority ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 117.35 Td (to directly enforce the CCR rules through the use of administrative orders and providing states, like ) Tj ET Q q 0 0 0 rg BT 509.08 117.35 Td (Arizona, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 103.55 Td (where the Cholla facility is located, the option of developing CCR disposal unit permitting programs, subject ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 89.75 Td (to EP) Tj ET Q q 0 0 0 rg BT 73.69 89.75 Td (A) Tj ET Q q 0 0 0 rg BT 81.36 89.75 Td ( approval. For facilities in states that do not develop state-specific permitting programs, EP) Tj ET Q q 0 0 0 rg BT 501.88 89.75 Td (A) Tj ET Q q 0 0 0 rg BT 509.55 89.75 Td ( is required ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 75.95 Td (to develop a federal permit program, pending the availability of congressional appropriations. By contrast, for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 62.15 Td (facilities located within the boundaries of Native ) Tj ET Q q 0 0 0 rg BT 275.92 62.15 Td (American tribal reservations, such as the Navajo Nation, ) Tj ET Q endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (21) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (where the Navajo Plant and Four Corners facilities are located, EP) Tj ET Q q 0 0 0 rg BT 354.06 734.55 Td (A) Tj ET Q q 0 0 0 rg BT 361.73 734.55 Td ( is required to develop a federal permit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (program regardless of appropriated funds.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 693.15 Td (ADEQ has initiated a process to evaluate how to develop a state CCR permitting program that would ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (cover EGUs, including Cholla. ) Tj ET Q q 0 0 0 rg BT 197.17 679.35 Td (While ) Tj ET Q q 0 0 0 rg BT 227.51 679.35 Td (APS has been working with ) Tj ET Q q 0 0 0 rg BT 358.17 679.35 Td (ADEQ on the development of this program, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (we are unable to predict when ) Tj ET Q q 0 0 0 rg BT 190.00 665.55 Td (Arizona will be able to finalize and secure EP) Tj ET Q q 0 0 0 rg BT 399.70 665.55 Td (A) Tj ET Q q 0 0 0 rg BT 407.37 665.55 Td ( approval for a state-specific ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (CCR permitting program. ) Tj ET Q q 0 0 0 rg BT 173.55 651.75 Td (W) Tj ET Q q 0 0 0 rg BT 183.94 651.75 Td (ith respect to the Navajo Nation, ) Tj ET Q q 0 0 0 rg BT 335.64 651.75 Td (APS recently filed a comment letter with EP) Tj ET Q q 0 0 0 rg BT 539.31 651.75 Td (A) Tj ET Q q 0 0 0 rg BT 546.98 651.75 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (seeking clarification as to when and how EP) Tj ET Q q 0 0 0 rg BT 252.52 637.95 Td (A) Tj ET Q q 0 0 0 rg BT 260.19 637.95 Td ( would be initiating permit proceedings for facilities on the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (reservation, including Four Corners. ) Tj ET Q q 0 0 0 rg BT 222.08 624.15 Td (W) Tj ET Q q 0 0 0 rg BT 232.02 624.15 Td (e are unable to predict at this time when EP) Tj ET Q q 0 0 0 rg BT 431.19 624.15 Td (A) Tj ET Q q 0 0 0 rg BT 438.86 624.15 Td ( will be issuing CCR ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (management permits for the facilities on the Navajo Nation. ) Tj ET Q q 0 0 0 rg BT 330.85 610.35 Td (At this time, it remains unclear how the CCR ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (provisions of the ) Tj ET Q q 0 0 0 rg BT 129.47 596.55 Td (WIIN ) Tj ET Q q 0 0 0 rg BT 158.53 596.55 Td (Act will af) Tj ET Q q 0 0 0 rg BT 207.50 596.55 Td (fect ) Tj ET Q q 0 0 0 rg BT 226.98 596.55 Td (APS and its management of CCR.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 568.95 Td (Based upon utility industry petitions for EP) Tj ET Q q 0 0 0 rg BT 284.41 568.95 Td (A) Tj ET Q q 0 0 0 rg BT 292.08 568.95 Td ( to reconsider the RCRA) Tj ET Q q 0 0 0 rg BT 405.15 568.95 Td ( Subtitle D regulations for CCR, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (which were premised in part on the CCR provisions of the 2016 ) Tj ET Q q 0 0 0 rg BT 346.33 555.15 Td (WIIN ) Tj ET Q q 0 0 0 rg BT 375.39 555.15 Td (Act, on September 13, 2017 EP) Tj ET Q q 0 0 0 rg BT 519.67 555.15 Td (A) Tj ET Q q 0 0 0 rg BT 527.34 555.15 Td ( agreed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (to evaluate whether to revise these federal CCR regulations. ) Tj ET Q q 0 0 0 rg BT 330.85 541.35 Td (At this time, it is not clear whether EP) Tj ET Q q 0 0 0 rg BT 505.78 541.35 Td (A) Tj ET Q q 0 0 0 rg BT 513.45 541.35 Td ( will ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (initiate further notice-and-comment rulemaking to revise the federal CCR rules, nor is it clear what aspects of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (the federal CCR rules might be changed as a result of this process. ) Tj ET Q q 0 0 0 rg BT 360.68 513.75 Td (W) Tj ET Q q 0 0 0 rg BT 371.07 513.75 Td (ith respect to ongoing litigation initiated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (by industry and environmental groups challenging the legality of these federal CCR regulations, on September ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (27, 2017, the United States Court of ) Tj ET Q q 0 0 0 rg BT 217.84 486.15 Td (Appeals for the D.C. Circuit, the court overseeing these judicial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (challenges, ordered EP) Tj ET Q q 0 0 0 rg BT 154.14 472.35 Td (A) Tj ET Q q 0 0 0 rg BT 161.81 472.35 Td ( to file by November 15, 2017 a list of federal regulatory provisions addressing CCR ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (that are or likely will be revised through EP) Tj ET Q q 0 0 0 rg BT 249.65 458.55 Td (A) Tj ET Q q 0 0 0 rg BT 256.68 458.55 Td () Tj ET Q q 0 0 0 rg BT 259.87 458.55 Td (s reconsideration proceedings. ) Tj ET Q q 0 0 0 rg BT 404.97 458.55 Td (While this filing identified certain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.75 Td (provisions of the federal CCR regulations that EP) Tj ET Q q 0 0 0 rg BT 276.82 444.75 Td (A) Tj ET Q q 0 0 0 rg BT 284.49 444.75 Td ( intends to revise, including allowances for risk-based ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (groundwater protection standards for regulated CCR constituents for which no federal maximum contaminant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (level has been set, it is not clear at this time which specific provisions of the federal CCR rules will be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td (modified, how they will be modified, or when such modification will occur) Tj ET Q q 0 0 0 rg BT 395.40 403.35 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 375.75 Td (Pursuant to a June 24, 2016 order by the D.C. Circuit Court of ) Tj ET Q q 0 0 0 rg BT 374.25 375.75 Td (Appeals in the litigation by industry and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (environmental groups challenging EP) Tj ET Q q 0 0 0 rg BT 221.87 361.95 Td (A) Tj ET Q q 0 0 0 rg BT 228.90 361.95 Td () Tj ET Q q 0 0 0 rg BT 232.09 361.95 Td (s CCR regulations, within the next two years EP) Tj ET Q q 0 0 0 rg BT 453.68 361.95 Td (A) Tj ET Q q 0 0 0 rg BT 461.35 361.95 Td ( is required to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td (complete a rulemaking proceeding concerning whether or not boron must be included on the list of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.35 Td (groundwater constituents that might trigger corrective action under EP) Tj ET Q q 0 0 0 rg BT 372.91 334.35 Td (A) Tj ET Q q 0 0 0 rg BT 379.94 334.35 Td () Tj ET Q q 0 0 0 rg BT 383.14 334.35 Td (s CCR rules. EP) Tj ET Q q 0 0 0 rg BT 459.72 334.35 Td (A) Tj ET Q q 0 0 0 rg BT 467.39 334.35 Td ( is not required to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (take final action approving the inclusion of boron, but EP) Tj ET Q q 0 0 0 rg BT 312.89 320.55 Td (A) Tj ET Q q 0 0 0 rg BT 320.56 320.55 Td ( must propose and consider its inclusion. Should ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (EP) Tj ET Q q 0 0 0 rg BT 61.87 306.75 Td (A) Tj ET Q q 0 0 0 rg BT 69.54 306.75 Td ( take final action adding boron to the list of groundwater constituents that might trigger corrective action, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td (any resulting corrective action measures may increase ) Tj ET Q q 0 0 0 rg BT 300.17 292.95 Td (APS's costs of compliance with the CCR rule at our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.15 Td (coal-fired generating facilities. ) Tj ET Q q 0 0 0 rg BT 196.06 279.15 Td (At this time ) Tj ET Q q 0 0 0 rg BT 252.61 279.15 Td (APS cannot predict when EP) Tj ET Q q 0 0 0 rg BT 385.07 279.15 Td (A) Tj ET Q q 0 0 0 rg BT 392.74 279.15 Td ( will commence its rulemaking ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.35 Td (concerning boron or the eventual results of those proceedings. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 237.75 Td (APS currently disposes of CCR in ash ponds and dry storage areas at Cholla and Four Corners. ) Tj ET Q q 0 0 0 rg BT 527.88 237.75 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.95 Td (estimates that its share of incremental costs to comply with the CCR rule for Four Corners is approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.15 Td ($22 million and its share of incremental costs to comply with the CCR rule for Cholla is approximately $20 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.35 Td (million. ) Tj ET Q q 0 0 0 rg BT 91.14 196.35 Td (The Navajo Plant currently disposes of CCR in a dry landfill storage area. ) Tj ET Q q 0 0 0 rg BT 436.39 196.35 Td (APS estimates that its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.55 Td (share of incremental costs to comply with the CCR rule for the Navajo Plant is approximately $1 million. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.75 Td (Additionally) Tj ET Q q 0 0 0 rg BT 106.89 168.75 Td (, the CCR rule requires ongoing, phased groundwater monitoring. By October 17, 2017, electric ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 154.95 Td (utility companies that own or operate CCR disposal units, such as ) Tj ET Q q 0 0 0 rg BT 354.22 154.95 Td (APS, must have collected suf) Tj ET Q q 0 0 0 rg BT 489.12 154.95 Td (ficient ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.15 Td (groundwater sampling data to initiate a detection monitoring program. ) Tj ET Q q 0 0 0 rg BT 378.56 141.15 Td (T) Tj ET Q q 0 0 0 rg BT 384.78 141.15 Td (o the extent that certain threshold ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.35 Td (constituents are identified through this initial detection monitoring at levels above the CCR rule) Tj ET Q q 0 0 0 rg BT 493.13 127.35 Td (s standards, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.55 Td (the rule requires the initiation of an assessment monitoring program by ) Tj ET Q q 0 0 0 rg BT 378.15 113.55 Td (April 15, 2018. If this assessment ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 99.75 Td (monitoring program reveals concentrations of certain constituents above the CCR rule standards that trigger ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 85.95 Td (remedial obligations, a corrective measures evaluation must be completed by January 2019. Depending upon ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.15 Td (the results of such groundwater monitoring and data evaluations at each of Cholla, Four Corners and the ) Tj ET Q endstream endobj 53 0 obj <>] /Rotate 0 /Contents 54 0 R>> endobj 54 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (22) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (Navajo Plant, we may be required to take corrective actions, the costs of which we are unable to reasonably ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (estimate at this time.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 693.15 Td (Ef) Tj ET Q q 0 0 0 rg BT 96.79 693.15 Td (fluent Limitation Guidelines.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 234.49 693.15 Td ( On September 30, 2015, EP) Tj ET Q q 0 0 0 rg BT 367.59 693.15 Td (A) Tj ET Q q 0 0 0 rg BT 375.27 693.15 Td ( finalized revised ef) Tj ET Q q 0 0 0 rg BT 466.06 693.15 Td (fluent limitation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (guidelines establishing technology-based wastewater dischar) Tj ET Q q 0 0 0 rg BT 329.05 679.35 Td (ge limitations for fossil-fired EGUs. EP) Tj ET Q q 0 0 0 rg BT 513.57 679.35 Td (A) Tj ET Q q 0 0 0 rg BT 520.60 679.35 Td () Tj ET Q q 0 0 0 rg BT 523.80 679.35 Td (s final ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (regulation tar) Tj ET Q q 0 0 0 rg BT 110.92 665.55 Td (gets metals and other pollutants in wastewater streams originating from fly ash and bottom ash ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (handling activities, scrubber activities, and coal ash disposal leachate. Based upon an earlier set of preferred ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (alternatives, the final ef) Tj ET Q q 0 0 0 rg BT 157.86 637.95 Td (fluent limitations generally require chemical precipitation and biological treatment for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (flue gas desulfurization scrubber wastewater) Tj ET Q q 0 0 0 rg BT 254.05 624.15 Td (, zero dischar) Tj ET Q q 0 0 0 rg BT 320.57 624.15 Td (ge from fly ash and bottom ash handling, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (impoundment for coal ash disposal leachate. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 582.75 Td (On ) Tj ET Q q 0 0 0 rg BT 101.80 582.75 Td (August 1) Tj ET Q q 0 0 0 rg BT 143.22 582.75 Td (1, 2017, EP) Tj ET Q q 0 0 0 rg BT 195.84 582.75 Td (A) Tj ET Q q 0 0 0 rg BT 203.51 582.75 Td ( announced that it would be initiating rulemaking proceedings to potentially ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (revise the September 2015 ef) Tj ET Q q 0 0 0 rg BT 183.42 568.95 Td (fluent limitation guidelines. On September 18, 2017, EP) Tj ET Q q 0 0 0 rg BT 441.08 568.95 Td (A) Tj ET Q q 0 0 0 rg BT 448.75 568.95 Td ( finalized a regulation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (postponing the earliest date on which compliance with the ef) Tj ET Q q 0 0 0 rg BT 328.73 555.15 Td (fluent limitation guidelines for these waste-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (streams would be required from November 1, 2018 until November 1, 2020. Until EP) Tj ET Q q 0 0 0 rg BT 445.45 541.35 Td (A) Tj ET Q q 0 0 0 rg BT 453.12 541.35 Td ( issues a proposal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (describing how it intends to change the ef) Tj ET Q q 0 0 0 rg BT 241.23 527.55 Td (fluent limitation guidelines for bottom ash transport water and flue ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (gas desulfurization wastewater) Tj ET Q q 0 0 0 rg BT 190.82 513.75 Td (, it is unclear how EP) Tj ET Q q 0 0 0 rg BT 288.14 513.75 Td (A) Tj ET Q q 0 0 0 rg BT 295.17 513.75 Td () Tj ET Q q 0 0 0 rg BT 298.37 513.75 Td (s reconsideration process will af) Tj ET Q q 0 0 0 rg BT 446.34 513.75 Td (fect how the Four ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (Corners plant manages these waste-streams. ) Tj ET Q q 0 0 0 rg BT 260.71 499.95 Td (W) Tj ET Q q 0 0 0 rg BT 270.64 499.95 Td (e expect that compliance with these limitations will be required ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (in connection with National Pollution Dischar) Tj ET Q q 0 0 0 rg BT 261.05 486.15 Td (ge Elimination System \("NPDES"\) dischar) Tj ET Q q 0 0 0 rg BT 458.05 486.15 Td (ge permit renewals. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (Until a draft NPDES permit for Four Corners is proposed during the revised compliance timeframe \(i.e., from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (November 1, 2020 through December 31, 2023\), we are uncertain what will be required to control these ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.75 Td (dischar) Tj ET Q q 0 0 0 rg BT 82.50 444.75 Td (ges in compliance with the revised finalized ef) Tj ET Q q 0 0 0 rg BT 296.57 444.75 Td (fluent limitations at that facility) Tj ET Q q 0 0 0 rg BT 441.46 444.75 Td (. Cholla and the Navajo ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (Plant do not require NPDES permitting. ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 403.35 Td (Ozone National ) Tj ET Q q 0 0 0 rg BT 162.39 403.35 Td (Ambient ) Tj ET Q q 0 0 0 rg BT 205.10 403.35 Td (Air Quality Standards. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 317.89 403.35 Td (On October 1, 2015, EP) Tj ET Q q 0 0 0 rg BT 427.35 403.35 Td (A) Tj ET Q q 0 0 0 rg BT 435.02 403.35 Td ( finalized revisions to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td (primary ground-level ozone national ambient air quality standards \(NAAQS\) at a level of 70 parts per billion ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td (\(ppb\). ) Tj ET Q q 0 0 0 rg BT 93.04 375.75 Td (W) Tj ET Q q 0 0 0 rg BT 103.43 375.75 Td (ith ozone standards becoming more stringent, our fossil generation units will come under ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (increasing pressure to reduce emissions of nitrogen oxides and volatile or) Tj ET Q q 0 0 0 rg BT 387.18 361.95 Td (ganic compounds, and to generate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td (emission of) Tj ET Q q 0 0 0 rg BT 102.64 348.15 Td (fsets for new projects or facility expansions located in ozone nonattainment areas. EP) Tj ET Q q 0 0 0 rg BT 497.58 348.15 Td (A) Tj ET Q q 0 0 0 rg BT 505.25 348.15 Td ( was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.35 Td (expected to designate attainment and nonattainment areas relative to the new 70 ppb standard by October 1, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (2017. ) Tj ET Q q 0 0 0 rg BT 80.92 320.55 Td (T) Tj ET Q q 0 0 0 rg BT 87.14 320.55 Td (o date, EP) Tj ET Q q 0 0 0 rg BT 133.03 320.55 Td (A) Tj ET Q q 0 0 0 rg BT 140.70 320.55 Td ( has only taken action to designate areas of the U.S. that are in attainment with the 2015 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (NAAQS for ozone. EP) Tj ET Q q 0 0 0 rg BT 156.73 306.75 Td (A) Tj ET Q q 0 0 0 rg BT 163.76 306.75 Td () Tj ET Q q 0 0 0 rg BT 166.95 306.75 Td (s failure to take action relative to nonattainment designations is currently subject to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td (on-going judicial review by certain states and environmental groups. ) Tj ET Q q 0 0 0 rg BT 370.46 292.95 Td (At this time, it remains unclear when ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.15 Td (EP) Tj ET Q q 0 0 0 rg BT 61.87 279.15 Td (A) Tj ET Q q 0 0 0 rg BT 69.54 279.15 Td ( will ultimately make a complete designation of all attainment and nonattainment areas within the U.S. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.35 Td (Depending on when EP) Tj ET Q q 0 0 0 rg BT 157.36 265.35 Td (A) Tj ET Q q 0 0 0 rg BT 165.03 265.35 Td ( approves attainment designations for the ) Tj ET Q q 0 0 0 rg BT 356.65 265.35 Td (Arizona and Navajo Nation jurisdictions in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.55 Td (which our fossil generation units are located, revisions to SIPs and FIPs, respectively) Tj ET Q q 0 0 0 rg BT 440.33 251.55 Td (, implementing required ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.75 Td (controls to achieve the new 70 ppb standard are expected to be in place between 2020 and 2021. ) Tj ET Q q 0 0 0 rg BT 497.22 237.75 Td (At this time, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.95 Td (because proposed SIPs and FIPs implementing the revised ozone NAAQSs have yet to be released, ) Tj ET Q q 0 0 0 rg BT 508.14 223.95 Td (APS is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.15 Td (unable to predict what impact the adoption of these standards may have on the Company) Tj ET Q q 0 0 0 rg BT 456.90 210.15 Td (. ) Tj ET Q q 0 0 0 rg BT 464.89 210.15 Td (APS will continue to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.35 Td (monitor these standards as they are implemented within the jurisdictions af) Tj ET Q q 0 0 0 rg BT 394.22 196.35 Td (fecting ) Tj ET Q q 0 0 0 rg BT 428.39 196.35 Td (APS.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 168.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 168.75 Td (Superfund-Related Matters. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 223.52 168.75 Td (The Comprehensive Environmental Response Compensation and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 154.95 Td (Liability ) Tj ET Q q 0 0 0 rg BT 91.35 154.95 Td (Act \("Superfund"\) establishes liability for the cleanup of hazardous substances found contaminating ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.15 Td (the soil, water or air) Tj ET Q q 0 0 0 rg BT 141.15 141.15 Td (. ) Tj ET Q q 0 0 0 rg BT 149.57 141.15 Td (Those who generated, transported or disposed of hazardous substances at a contaminated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.35 Td (site are among those who are potentially responsible parties \("PRPs"\). PRPs may be strictly) Tj ET Q q 0 0 0 rg BT 473.05 127.35 Td (, and often are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.55 Td (jointly and severally) Tj ET Q q 0 0 0 rg BT 142.65 113.55 Td (, liable for clean-up. On September3, 2003, EP) Tj ET Q q 0 0 0 rg BT 362.92 113.55 Td (A) Tj ET Q q 0 0 0 rg BT 370.59 113.55 Td ( advised ) Tj ET Q q 0 0 0 rg BT 410.83 113.55 Td (APS that EP) Tj ET Q q 0 0 0 rg BT 467.29 113.55 Td (A) Tj ET Q q 0 0 0 rg BT 474.96 113.55 Td ( considers ) Tj ET Q q 0 0 0 rg BT 523.51 113.55 Td (APS to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 99.75 Td (be a PRP) Tj ET Q q 0 0 0 rg BT 91.24 99.75 Td ( in the Motorola 52) Tj ET Q BT /F1 11.50 Tf ET BT /F1 7.47 Tf ET q 0 0 0 rg BT 180.04 104.96 Td (nd) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 187.51 99.75 Td (Street Superfund Site, Operable Unit 3 \("OU3"\) in Phoenix, ) Tj ET Q q 0 0 0 rg BT 468.40 99.75 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 513.42 99.75 Td (APS has ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 85.95 Td (facilities that are within this Superfund site. ) Tj ET Q q 0 0 0 rg BT 255.51 85.95 Td (APS and Pinnacle ) Tj ET Q q 0 0 0 rg BT 341.23 85.95 Td (W) Tj ET Q q 0 0 0 rg BT 351.16 85.95 Td (est have agreed with EP) Tj ET Q q 0 0 0 rg BT 460.60 85.95 Td (A) Tj ET Q q 0 0 0 rg BT 468.27 85.95 Td ( to perform certain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.15 Td (investigative activities of the ) Tj ET Q q 0 0 0 rg BT 184.28 72.15 Td (APS facilities within OU3. In addition, on September23, 2009, ) Tj ET Q q 0 0 0 rg BT 481.66 72.15 Td (APS agreed with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.35 Td (EP) Tj ET Q q 0 0 0 rg BT 61.87 58.35 Td (A) Tj ET Q q 0 0 0 rg BT 69.54 58.35 Td ( and one other PRP) Tj ET Q q 0 0 0 rg BT 157.91 58.35 Td ( to voluntarily assist with the funding and management of the site-wide groundwater ) Tj ET Q endstream endobj 55 0 obj <>] /Rotate 0 /Contents 56 0 R>> endobj 56 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (23) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (remedial investigation and feasibility study \("RI/FS"\). Based upon discussions between the OU3 working ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (group parties and EP) Tj ET Q q 0 0 0 rg BT 144.58 720.75 Td (A, along with the results of recent technical analyses prepared by the OU3 working group ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (to supplement the RI/FS, ) Tj ET Q q 0 0 0 rg BT 166.74 706.95 Td (APS anticipates finalizing the RI/FS in the summer or fall of 2018. ) Tj ET Q q 0 0 0 rg BT 480.19 706.95 Td (W) Tj ET Q q 0 0 0 rg BT 490.13 706.95 Td (e estimate that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (our costs related to this investigation and study will be approximately $2 million. ) Tj ET Q q 0 0 0 rg BT 428.43 693.15 Td (W) Tj ET Q q 0 0 0 rg BT 438.36 693.15 Td (e anticipate incurring ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (additional expenditures in the future, but because the overall investigation is not complete and ultimate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (remediation requirements are not yet finalized, at the present time expenditures related to this matter cannot be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (reasonably estimated.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 624.15 Td (On ) Tj ET Q q 0 0 0 rg BT 101.80 624.15 Td (August6, 2013, the Roosevelt Irrigation District \("RID"\) filed a lawsuit in ) Tj ET Q q 0 0 0 rg BT 446.56 624.15 Td (Arizona District Court ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (against ) Tj ET Q q 0 0 0 rg BT 84.32 610.35 Td (APS and 24 other defendants, alleging that RID) Tj ET Q q 0 0 0 rg BT 307.25 610.35 Td (s groundwater wells were contaminated by the release ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (of hazardous substances from facilities owned or operated by the defendants. ) Tj ET Q q 0 0 0 rg BT 409.19 596.55 Td (The lawsuit also alleges that, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (under Superfund laws, the defendants are jointly and severally liable to RID. ) Tj ET Q q 0 0 0 rg BT 407.93 582.75 Td (The allegations against ) Tj ET Q q 0 0 0 rg BT 516.20 582.75 Td (APS arise ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (out of ) Tj ET Q q 0 0 0 rg BT 78.89 568.95 Td (APS) Tj ET Q q 0 0 0 rg BT 103.18 568.95 Td (s current and former ownership of facilities in and around OU3. ) Tj ET Q q 0 0 0 rg BT 401.79 568.95 Td (As part of a state governmental ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (investigation into groundwater contamination in this area, on January 25, 2015, the ) Tj ET Q q 0 0 0 rg BT 433.72 555.15 Td (ADEQ sent a letter to ) Tj ET Q q 0 0 0 rg BT 535.60 555.15 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (seeking information concerning the degree to which, if any) Tj ET Q q 0 0 0 rg BT 320.51 541.35 Td (, ) Tj ET Q q 0 0 0 rg BT 325.63 541.35 Td (APS) Tj ET Q q 0 0 0 rg BT 349.92 541.35 Td (s current and former ownership of these ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (facilities may have contributed to groundwater contamination in this area. ) Tj ET Q q 0 0 0 rg BT 394.40 527.55 Td (APS responded to ) Tj ET Q q 0 0 0 rg BT 479.70 527.55 Td (ADEQ on May 4, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (2015. On December 16, 2016, two RID contractors filed ancillary lawsuits for recovery of costs against ) Tj ET Q q 0 0 0 rg BT 531.10 513.75 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (and the other defendants. Because the ancillary lawsuits concern past costs allegedly incurred by these RID ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (vendors, which were ruled unrecoverable directly by RID in November of 2016, the additional lawsuits do not ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 89.41 472.35 Td (APS) Tj ET Q q 0 0 0 rg BT 113.70 472.35 Td (s exposure or risk related to these matters. In addition, on March 15, 2017, the ) Tj ET Q q 0 0 0 rg BT 475.56 472.35 Td (Arizona District ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (Court granted partial summary judgment to RID for one element of RID's lawsuit against ) Tj ET Q q 0 0 0 rg BT 462.30 458.55 Td (APS and the other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.75 Td (defendants. On May 12, 2017, the court denied a motion for reconsideration as to this order) Tj ET Q q 0 0 0 rg BT 472.67 444.75 Td (. ) Tj ET Q q 0 0 0 rg BT 481.08 444.75 Td (W) Tj ET Q q 0 0 0 rg BT 491.02 444.75 Td (e are unable to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (predict the outcome of these matters; however) Tj ET Q q 0 0 0 rg BT 261.72 430.95 Td (, we do not expect the outcome to have a material impact on our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (financial position, results of operations or cash flows.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 389.55 Td (Manufactured Gas Plant) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 203.72 389.55 Td ( ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 206.59 389.55 Td (Sites.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 231.83 389.55 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 234.71 389.55 Td (Certain properties which ) Tj ET Q q 0 0 0 rg BT 350.64 389.55 Td (APS now owns or which were previously ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td (owned by it or its corporate predecessors were at one time sites of, or sites associated with, manufactured gas ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (plants. ) Tj ET Q q 0 0 0 rg BT 84.96 361.95 Td (APS is taking action to voluntarily remediate these sites. ) Tj ET Q q 0 0 0 rg BT 350.39 361.95 Td (APS does not expect these matters to have a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td (material adverse ef) Tj ET Q q 0 0 0 rg BT 136.77 348.15 Td (fect on its financial position, results of operations or cash flows.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 320.55 Td (Federal ) Tj ET Q q 0 0 0 rg BT 125.42 320.55 Td (Agency Envir) Tj ET Q q 0 0 0 rg BT 192.61 320.55 Td (onmental Lawsuit Related to Four) Tj ET Q q 0 0 0 rg BT 361.07 320.55 Td ( Corners) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 292.95 Td (On ) Tj ET Q q 0 0 0 rg BT 101.80 292.95 Td (April 20, 2016, several environmental groups filed a lawsuit against OSM and other federal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.15 Td (agencies in the District of ) Tj ET Q q 0 0 0 rg BT 169.90 279.15 Td (Arizona in connection with their issuance of the approvals that extended the life of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.35 Td (Four Corners and the adjacent mine. ) Tj ET Q q 0 0 0 rg BT 222.39 265.35 Td (The lawsuit alleges that these federal agencies violated both ESA) Tj ET Q q 0 0 0 rg BT 522.25 265.35 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.55 Td (NEP) Tj ET Q q 0 0 0 rg BT 70.17 251.55 Td (A) Tj ET Q q 0 0 0 rg BT 77.84 251.55 Td ( in providing the federal approvals necessary to extend operations at the Four Corners Power Plant and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.75 Td (the adjacent Navajo Mine past July 6, 2016. ) Tj ET Q q 0 0 0 rg BT 256.78 237.75 Td (APS filed a motion to intervene in the proceedings, which was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.95 Td (granted on ) Tj ET Q q 0 0 0 rg BT 100.60 223.95 Td (August 3, 2016.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 196.35 Td (On September 15, 2016, NTEC, the company that owns the adjacent mine, filed a motion to intervene ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.55 Td (for the purpose of dismissing the lawsuit based on NTEC's tribal sovereign immunity) Tj ET Q q 0 0 0 rg BT 441.14 182.55 Td (. On September 1) Tj ET Q q 0 0 0 rg BT 524.08 182.55 Td (1, 2017, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.75 Td (the ) Tj ET Q q 0 0 0 rg BT 65.79 168.75 Td (Arizona District Court issued an order granting NTEC's motion, dismissing the litigation with prejudice, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 154.95 Td (and terminating the proceedings. On November 9, 2017, the environmental group plaintif) Tj ET Q q 0 0 0 rg BT 463.51 154.95 Td (fs appealed the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.15 Td (district court order dismissing their lawsuit. ) Tj ET Q q 0 0 0 rg BT 255.63 141.15 Td (W) Tj ET Q q 0 0 0 rg BT 265.56 141.15 Td (e cannot predict whether this appeal will be successful and, if it ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.35 Td (is successful, the outcome of further district court proceedings. ) Tj ET Q endstream endobj 57 0 obj <>] /Rotate 0 /Contents 58 0 R>> endobj 58 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (24) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 734.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 734.75 Td (Navajo Nation Envir) Tj ET Q q 0 0 0 rg BT 187.52 734.75 Td (onmental Issues) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 707.15 Td (Four Corners and the Navajo Plant are located on the Navajo Reservation and are held under easements ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td (granted by the federal government, as well as leases from the Navajo Nation. See Ener) Tj ET Q q 0 0 0 rg BT 455.80 693.35 Td (gy Sources and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.55 Td (Resource Planning - Generation Facilities - Coal-Fueled Generating Facilities above for additional ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.75 Td (information regarding these plants.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 638.15 Td (In July 1995, the Navajo Nation enacted the Navajo Nation ) Tj ET Q q 0 0 0 rg BT 360.47 638.15 Td (Air Pollution Prevention and Control ) Tj ET Q q 0 0 0 rg BT 533.29 638.15 Td (Act, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.35 Td (the Navajo Nation Safe Drinking ) Tj ET Q q 0 0 0 rg BT 204.19 624.35 Td (W) Tj ET Q q 0 0 0 rg BT 214.12 624.35 Td (ater ) Tj ET Q q 0 0 0 rg BT 233.60 624.35 Td (Act, and the Navajo Nation Pesticide ) Tj ET Q q 0 0 0 rg BT 406.38 624.35 Td (Act \(collectively) Tj ET Q q 0 0 0 rg BT 482.58 624.35 Td (, the Navajo ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.55 Td (Acts\). ) Tj ET Q q 0 0 0 rg BT 87.93 610.55 Td (The Navajo ) Tj ET Q q 0 0 0 rg BT 144.14 610.55 Td (Acts purport to give the Navajo Nation Environmental Protection ) Tj ET Q q 0 0 0 rg BT 447.23 610.55 Td (Agency authority to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.75 Td (promulgate regulations covering air quality) Tj ET Q q 0 0 0 rg BT 248.03 596.75 Td (, drinking water) Tj ET Q q 0 0 0 rg BT 320.71 596.75 Td (, and pesticide activities, including those activities ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.95 Td (that occur at Four Corners and the Navajo Plant. On October17, 1995, the Four Corners participants and the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.15 Td (Navajo Plant participants each filed a lawsuit in the District Court of the Navajo Nation, ) Tj ET Q q 0 0 0 rg BT 458.08 569.15 Td (W) Tj ET Q q 0 0 0 rg BT 468.48 569.15 Td (indow Rock ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.35 Td (District, challenging the applicability of the Navajo ) Tj ET Q q 0 0 0 rg BT 288.39 555.35 Td (Acts as to Four Corners and the Navajo Plant. ) Tj ET Q q 0 0 0 rg BT 505.05 555.35 Td (The Court ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.55 Td (has stayed these proceedings pursuant to a request by the parties, and the parties are seeking to negotiate a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.75 Td (settlement.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 500.15 Td (In ) Tj ET Q q 0 0 0 rg BT 97.32 500.15 Td (April 2000, the Navajo Nation Council approved operating permit regulations under the Navajo ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.35 Td (Nation ) Tj ET Q q 0 0 0 rg BT 83.04 486.35 Td (Air Pollution Prevention and Control ) Tj ET Q q 0 0 0 rg BT 255.86 486.35 Td (Act. ) Tj ET Q q 0 0 0 rg BT 280.46 486.35 Td (APS believes the Navajo Nation exceeded its authority when ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.55 Td (it adopted the operating permit regulations. On July12, 2000, the Four Corners participants and the Navajo ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.75 Td (Plant participants each filed a petition with the Navajo Supreme Court for review of these regulations. ) Tj ET Q q 0 0 0 rg BT 524.50 458.75 Td (Those ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.95 Td (proceedings have been stayed, pending the settlement negotiations mentioned above. ) Tj ET Q q 0 0 0 rg BT 445.19 444.95 Td (APS cannot currently ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.15 Td (predict the outcome of this matter) Tj ET Q q 0 0 0 rg BT 204.39 431.15 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 403.55 Td (On May18, 2005, ) Tj ET Q q 0 0 0 rg BT 171.75 403.55 Td (APS, SRP) Tj ET Q q 0 0 0 rg BT 217.79 403.55 Td (, as the operating agent for the Navajo Plant, and the Navajo Nation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.75 Td (executed a ) Tj ET Q q 0 0 0 rg BT 101.01 389.75 Td (V) Tj ET Q q 0 0 0 rg BT 107.83 389.75 Td (oluntary Compliance ) Tj ET Q q 0 0 0 rg BT 206.84 389.75 Td (Agreement to resolve their disputes regarding the Navajo Nation ) Tj ET Q q 0 0 0 rg BT 506.72 389.75 Td (Air ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.95 Td (Pollution Prevention and Control ) Tj ET Q q 0 0 0 rg BT 204.11 375.95 Td (Act. ) Tj ET Q q 0 0 0 rg BT 228.71 375.95 Td (As a result of this agreement, ) Tj ET Q q 0 0 0 rg BT 365.72 375.95 Td (APS sought, and the courts granted, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.15 Td (dismissal of the pending litigation in the Navajo Nation Supreme Court and the Navajo Nation District Court, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.35 Td (to the extent the claims relate to the Clean ) Tj ET Q q 0 0 0 rg BT 245.26 348.35 Td (Air ) Tj ET Q q 0 0 0 rg BT 262.83 348.35 Td (Act. ) Tj ET Q q 0 0 0 rg BT 287.85 348.35 Td (The agreement does not address or resolve any dispute ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.55 Td (relating to other Navajo ) Tj ET Q q 0 0 0 rg BT 161.27 334.55 Td (Acts. ) Tj ET Q q 0 0 0 rg BT 190.35 334.55 Td (APS cannot currently predict the outcome of this matter) Tj ET Q q 0 0 0 rg BT 447.12 334.55 Td (.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 306.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 306.95 Td (W) Tj ET Q q 0 0 0 rg BT 96.37 306.95 Td (ater) Tj ET Q q 0 0 0 rg BT 115.95 306.95 Td ( Supply) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 279.35 Td (Assured supplies of water are important for ) Tj ET Q q 0 0 0 rg BT 287.66 279.35 Td (APS) Tj ET Q q 0 0 0 rg BT 311.95 279.35 Td (s generating plants. ) Tj ET Q q 0 0 0 rg BT 406.17 279.35 Td (At the present time, ) Tj ET Q q 0 0 0 rg BT 499.11 279.35 Td (APS has ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.55 Td (adequate water to meet its needs. ) Tj ET Q q 0 0 0 rg BT 207.04 265.55 Td (The Four Corners region, in which Four Corners is located, has historically ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.75 Td (experienced drought conditions that may af) Tj ET Q q 0 0 0 rg BT 248.88 251.75 Td (fect the water supply for the plants if adequate moisture is not ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.95 Td (received in the watershed that supplies the area. However) Tj ET Q q 0 0 0 rg BT 316.63 237.95 Td (, during the past 12 months the region has received ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.15 Td (snowfall and precipitation suf) Tj ET Q q 0 0 0 rg BT 186.30 224.15 Td (ficient to recover the Navajo Reservoir to an optimum operating level, reducing ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.35 Td (the probability of shortage in future years. ) Tj ET Q q 0 0 0 rg BT 248.46 210.35 Td (Although the watershed and reservoirs are in a good condition at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.55 Td (this time, ) Tj ET Q q 0 0 0 rg BT 94.55 196.55 Td (APS is continuing to work with area stakeholders to implement agreements to minimize the ef) Tj ET Q q 0 0 0 rg BT 528.06 196.55 Td (fect, if ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.75 Td (any) Tj ET Q q 0 0 0 rg BT 65.36 182.75 Td (, on future drought conditions that could have an impact on operations of its plants. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 155.15 Td (Conflicting claims to limited amounts of water in the southwestern United States have resulted in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.35 Td (numerous court actions, which, in addition to future supply conditions, have the potential to impact ) Tj ET Q q 0 0 0 rg BT 508.15 141.35 Td (APS) Tj ET Q q 0 0 0 rg BT 532.44 141.35 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.55 Td (operations.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 99.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 99.95 Td (San Juan River ) Tj ET Q q 0 0 0 rg BT 162.08 99.95 Td (Adjudication. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 232.06 99.95 Td (Both groundwater and surface water in areas important to ) Tj ET Q q 0 0 0 rg BT 499.35 99.95 Td (APS) Tj ET Q q 0 0 0 rg BT 523.64 99.95 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.15 Td (operations have been the subject of inquiries, claims, and legal proceedings, which will require a number of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.35 Td (years to resolve. ) Tj ET Q q 0 0 0 rg BT 129.66 72.35 Td (APS is one of a number of parties in a proceeding, filed March13, 1975, before the Eleventh ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.55 Td (Judicial District Court in New Mexico to adjudicate rights to a stream system from which water for Four ) Tj ET Q endstream endobj 59 0 obj <>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (25) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (Corners is derived. ) Tj ET Q q 0 0 0 rg BT 141.81 734.55 Td (An agreement reached with the Navajo Nation in 1985, however) Tj ET Q q 0 0 0 rg BT 438.33 734.55 Td (, provides that if Four ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (Corners loses a portion of its rights in the adjudication, the Navajo Nation will provide, for an agreed upon ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (cost, suf) Tj ET Q q 0 0 0 rg BT 87.62 706.95 Td (ficient water from its allocation to of) Tj ET Q q 0 0 0 rg BT 256.67 706.95 Td (fset the loss. In addition, ) Tj ET Q q 0 0 0 rg BT 374.86 706.95 Td (APS is a party to a water contract that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (allows the company to secure water for Four Corners in the event of a water shortage and is a party to a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (shortage sharing agreement, which provides for the apportionment of water supplies to Four Corners in the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (event of a water shortage in the San Juan River Basin.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 631.75 Td (Gila River ) Tj ET Q q 0 0 0 rg BT 136.82 631.75 Td (Adjudication. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 206.79 631.75 Td (A) Tj ET Q q 0 0 0 rg BT 214.46 631.75 Td ( summons served on ) Tj ET Q q 0 0 0 rg BT 310.93 631.75 Td (APS in early 1986 required all water claimants in the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 617.95 Td (Lower Gila River ) Tj ET Q q 0 0 0 rg BT 133.28 617.95 Td (W) Tj ET Q q 0 0 0 rg BT 143.22 617.95 Td (atershed in ) Tj ET Q q 0 0 0 rg BT 195.59 617.95 Td (Arizona to assert any claims to water on or before January 20, 1987, in an ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 604.15 Td (action pending in ) Tj ET Q q 0 0 0 rg BT 131.59 604.15 Td (Arizona Superior Court. Palo ) Tj ET Q q 0 0 0 rg BT 271.91 604.15 Td (V) Tj ET Q q 0 0 0 rg BT 278.94 604.15 Td (erde is located within the geographic area subject to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 590.35 Td (summons. ) Tj ET Q q 0 0 0 rg BT 101.58 590.35 Td (APS) Tj ET Q q 0 0 0 rg BT 125.88 590.35 Td (s rights and the rights of the other Palo ) Tj ET Q q 0 0 0 rg BT 306.77 590.35 Td (V) Tj ET Q q 0 0 0 rg BT 313.80 590.35 Td (erde participants to the use of groundwater and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 576.55 Td (ef) Tj ET Q q 0 0 0 rg BT 58.23 576.55 Td (fluent at Palo ) Tj ET Q q 0 0 0 rg BT 122.21 576.55 Td (V) Tj ET Q q 0 0 0 rg BT 129.24 576.55 Td (erde are potentially at issue in this adjudication. ) Tj ET Q q 0 0 0 rg BT 354.08 576.55 Td (As operating agent of Palo ) Tj ET Q q 0 0 0 rg BT 479.39 576.55 Td (V) Tj ET Q q 0 0 0 rg BT 486.42 576.55 Td (erde, ) Tj ET Q q 0 0 0 rg BT 511.32 576.55 Td (APS filed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 562.75 Td (claims that dispute the court) Tj ET Q q 0 0 0 rg BT 182.36 562.75 Td (s jurisdiction over the Palo ) Tj ET Q q 0 0 0 rg BT 308.32 562.75 Td (V) Tj ET Q q 0 0 0 rg BT 315.35 562.75 Td (erde participants) Tj ET Q q 0 0 0 rg BT 394.64 562.75 Td ( groundwater rights and their ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 548.95 Td (contractual rights to ef) Tj ET Q q 0 0 0 rg BT 153.08 548.95 Td (fluent relating to Palo ) Tj ET Q q 0 0 0 rg BT 255.71 548.95 Td (V) Tj ET Q q 0 0 0 rg BT 262.74 548.95 Td (erde. ) Tj ET Q q 0 0 0 rg BT 290.52 548.95 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 350.45 548.95 Td (, ) Tj ET Q q 0 0 0 rg BT 355.56 548.95 Td (APS seeks confirmation of such rights. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 535.15 Td (Several of ) Tj ET Q q 0 0 0 rg BT 98.68 535.15 Td (APS) Tj ET Q q 0 0 0 rg BT 122.97 535.15 Td (s other power plants are also located within the geographic area subject to the summons, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 521.35 Td (including a number of gas-fired power plants located within Maricopa and Pinal Counties. In November 1999, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 507.55 Td (the ) Tj ET Q q 0 0 0 rg BT 65.79 507.55 Td (Arizona Supreme Court issued a decision confirming that certain groundwater rights may be available to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 493.75 Td (the federal government and Indian tribes. In addition, in September 2000, the ) Tj ET Q q 0 0 0 rg BT 409.74 493.75 Td (Arizona Supreme Court issued a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 479.95 Td (decision af) Tj ET Q q 0 0 0 rg BT 99.43 479.95 Td (firming the lower court) Tj ET Q q 0 0 0 rg BT 209.61 479.95 Td (s criteria for resolving groundwater claims. Litigation on both of these ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 466.15 Td (issues has continued in the trial court. In December 2005, ) Tj ET Q q 0 0 0 rg BT 319.37 466.15 Td (APS and other parties filed a petition with the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 452.35 Td (Arizona Supreme Court requesting interlocutory review of a September 2005 trial court order regarding ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 438.55 Td (procedures for determining whether groundwater pumping is af) Tj ET Q q 0 0 0 rg BT 341.50 438.55 Td (fecting surface water rights. ) Tj ET Q q 0 0 0 rg BT 475.40 438.55 Td (The ) Tj ET Q q 0 0 0 rg BT 495.52 438.55 Td (Arizona ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 424.75 Td (Supreme Court denied the petition in May 2007, and the trial court is now proceeding with implementation of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 410.95 Td (its 2005 order) Tj ET Q q 0 0 0 rg BT 112.75 410.95 Td (. No trial date concerning ) Tj ET Q q 0 0 0 rg BT 235.05 410.95 Td (APS) Tj ET Q q 0 0 0 rg BT 259.35 410.95 Td (s water rights claims has been set in this matter) Tj ET Q q 0 0 0 rg BT 475.57 410.95 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 383.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 383.35 Td (At this time, the lower court proceedings in the Gila River adjudication are in the process of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 369.55 Td (determining the specific hydro-geologic testing protocols for determining which groundwater wells located ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 355.75 Td (outside of the subflow zone of the Gila River should be subject to the adjudication court) Tj ET Q q 0 0 0 rg BT 457.98 355.75 Td (s jurisdiction. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 341.95 Td (Discovery as to this issue is ongoing at this time, and a hearing to determine this jurisdictional test question ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 328.15 Td (will be held in March of 2018. Further proceedings thereafter will be dedicated to determining the specific ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 314.35 Td (hydro-geologic testing protocols for subflow depletion determinations. ) Tj ET Q q 0 0 0 rg BT 380.07 314.35 Td (At this time, ) Tj ET Q q 0 0 0 rg BT 439.49 314.35 Td (APS cannot predict the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 300.55 Td (outcome of these proceedings. ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 272.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 272.95 Td (Little Colorado River ) Tj ET Q q 0 0 0 rg BT 188.25 272.95 Td (Adjudication.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 252.47 272.95 Td ( ) Tj ET Q q 0 0 0 rg BT 257.59 272.95 Td (APS has filed claims to water in the Little Colorado River ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 259.15 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 259.15 Td (atershed in ) Tj ET Q q 0 0 0 rg BT 111.81 259.15 Td (Arizona in an action pending in the ) Tj ET Q q 0 0 0 rg BT 276.28 259.15 Td (Apache County) Tj ET Q q 0 0 0 rg BT 347.40 259.15 Td (, ) Tj ET Q q 0 0 0 rg BT 352.51 259.15 Td (Arizona, Superior Court, which was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 245.35 Td (originally filed on September 5, 1985. ) Tj ET Q q 0 0 0 rg BT 229.96 245.35 Td (APS) Tj ET Q q 0 0 0 rg BT 254.25 245.35 Td (s groundwater resource utilized at Cholla is within the geographic ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 231.55 Td (area subject to the adjudication and, therefore, is potentially at issue in the case. ) Tj ET Q q 0 0 0 rg BT 421.22 231.55 Td (APS) Tj ET Q q 0 0 0 rg BT 445.51 231.55 Td (s claims dispute the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 217.75 Td (court) Tj ET Q q 0 0 0 rg BT 76.32 217.75 Td (s jurisdiction over its groundwater rights. ) Tj ET Q q 0 0 0 rg BT 271.17 217.75 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 331.10 217.75 Td (, ) Tj ET Q q 0 0 0 rg BT 336.21 217.75 Td (APS seeks confirmation of such rights. Other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 203.95 Td (claims have been identified as ready for litigation in motions filed with the court. No trial date concerning ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 190.15 Td (APS) Tj ET Q q 0 0 0 rg BT 73.79 190.15 Td (s water rights claims has been set in this matter) Tj ET Q q 0 0 0 rg BT 290.01 190.15 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 162.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 162.55 Td (Although the above matters remain subject to further evaluation, ) Tj ET Q q 0 0 0 rg BT 385.06 162.55 Td (APS does not expect that the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 148.75 Td (described litigation will have a material adverse impact on its financial position, results of operations, or cash ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 134.95 Td (flows.) Tj ET Q endstream endobj 61 0 obj <>] /Rotate 0 /Contents 62 0 R>> endobj 62 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (26) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 222.75 734.75 Td (BUSINESS OF) Tj ET Q q 0 0 0 rg BT 296.78 734.75 Td ( OTHER SUBSIDIARIES) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 707.75 Td (Bright Canyon Energy) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 680.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 680.15 Td (On July31, 2014, Pinnacle ) Tj ET Q q 0 0 0 rg BT 212.74 680.15 Td (W) Tj ET Q q 0 0 0 rg BT 222.68 680.15 Td (est announced its creation of a wholly-owned subsidiary) Tj ET Q q 0 0 0 rg BT 480.94 680.15 Td (, BCE. BCE's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.35 Td (focus is on new growth opportunities that leverage the Company) Tj ET Q q 0 0 0 rg BT 350.04 666.35 Td (s core expertise in the electric ener) Tj ET Q q 0 0 0 rg BT 509.47 666.35 Td (gy ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.55 Td (industry) Tj ET Q q 0 0 0 rg BT 86.45 652.55 Td (. BCE) Tj ET Q q 0 0 0 rg BT 120.64 652.55 Td (s first initiative is a 50/50 joint venture with BHE U.S. ) Tj ET Q q 0 0 0 rg BT 374.37 652.55 Td (T) Tj ET Q q 0 0 0 rg BT 380.99 652.55 Td (ransmission LLC, a subsidiary of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.75 Td (Berkshire Hathaway Ener) Tj ET Q q 0 0 0 rg BT 168.08 638.75 Td (gy Company) Tj ET Q q 0 0 0 rg BT 226.43 638.75 Td (. ) Tj ET Q q 0 0 0 rg BT 234.85 638.75 Td (The joint venture, named ) Tj ET Q q 0 0 0 rg BT 353.12 638.75 Td (T) Tj ET Q q 0 0 0 rg BT 359.74 638.75 Td (ransCanyon, is pursuing independent ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.95 Td (transmission opportunities within the eleven states that comprise the ) Tj ET Q q 0 0 0 rg BT 366.45 624.95 Td (W) Tj ET Q q 0 0 0 rg BT 376.38 624.95 Td (estern Electricity Coordinating Council, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 611.15 Td (excluding opportunities related to transmission service that would otherwise be provided under the tarif) Tj ET Q q 0 0 0 rg BT 525.47 611.15 Td (fs of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.35 Td (the retail service territories of the venture partners) Tj ET Q q 0 0 0 rg BT 282.70 597.35 Td ( utility af) Tj ET Q q 0 0 0 rg BT 324.65 597.35 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 364.36 597.35 Td (T) Tj ET Q q 0 0 0 rg BT 370.98 597.35 Td (ransCanyon continues to pursue ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.55 Td (transmission development opportunities in the western United States consistent with its strategy) Tj ET Q q 0 0 0 rg BT 489.85 583.55 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 555.95 Td (On March 29, 2016, ) Tj ET Q q 0 0 0 rg BT 181.11 555.95 Td (T) Tj ET Q q 0 0 0 rg BT 187.73 555.95 Td (ransCanyon entered into a strategic alliance agreement with Pacific Gas and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 542.15 Td (Electric Company \("PG&E"\) to jointly pursue competitive transmission opportunities solicited by the CAISO, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 528.35 Td (the operator for the majority of California's transmission grid. ) Tj ET Q q 0 0 0 rg BT 339.12 528.35 Td (T) Tj ET Q q 0 0 0 rg BT 345.74 528.35 Td (ransCanyon and PG&E intend to jointly ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.55 Td (engage in the development of future transmission infrastructure and compete to develop, build, own and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.75 Td (operate transmission projects approved by the CAISO.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 461.15 Td (El Dorado) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 447.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 433.55 Td (El Dorado owns minority interests in several ener) Tj ET Q q 0 0 0 rg BT 313.64 433.55 Td (gy-related investments and ) Tj ET Q q 0 0 0 rg BT 439.79 433.55 Td (Arizona community-based ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 419.75 Td (ventures. El Dorado) Tj ET Q q 0 0 0 rg BT 147.86 419.75 Td (s short-term goal is to prudently realize the value of its existing investments. ) Tj ET Q q 0 0 0 rg BT 504.62 419.75 Td (As of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 405.95 Td (December31, 2017, El Dorado had total assets of approximately $12 million. El Dorado is not expected to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 392.15 Td (contribute in any material way to our future financial performance, nor will it require any material amounts of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 378.35 Td (capital over the next three years. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 350.75 Td (4CA) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 336.95 Td ( ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 323.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 323.15 Td (See "Business of ) Tj ET Q q 0 0 0 rg BT 165.27 323.15 Td (Arizona Public Service Company - Ener) Tj ET Q q 0 0 0 rg BT 350.61 323.15 Td (gy Sources and Resource Planning - ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 309.35 Td (Generating Facilities - Coal-Fueled Generating Facilities - Four Corners" above for information regarding ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 295.55 Td (4CA. ) Tj ET Q q 0 0 0 rg BT 79.22 295.55 Td (As of December 31, 2017, 4CA) Tj ET Q q 0 0 0 rg BT 224.54 295.55 Td ( had total assets of approximately $108 million.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 241.40 269.75 Td (OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 341.17 269.75 Td (TION) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 255.95 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 242.15 Td (Subpoenas) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 214.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 214.55 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 214.55 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 214.55 Td (est has received grand jury subpoenas issued in connection with an investigation by the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 200.75 Td (of) Tj ET Q q 0 0 0 rg BT 58.87 200.75 Td (fice of the United States ) Tj ET Q q 0 0 0 rg BT 172.25 200.75 Td (Attorney for the District of ) Tj ET Q q 0 0 0 rg BT 298.40 200.75 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 343.86 200.75 Td (The subpoenas seek information principally ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 186.95 Td (pertaining to the 2014 statewide election races in ) Tj ET Q q 0 0 0 rg BT 276.88 186.95 Td (Arizona for Secretary of State and for positions on the ) Tj ET Q q 0 0 0 rg BT 528.54 186.95 Td (ACC. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 173.15 Td (The subpoenas request records involving certain Pinnacle ) Tj ET Q q 0 0 0 rg BT 317.23 173.15 Td (W) Tj ET Q q 0 0 0 rg BT 327.16 173.15 Td (est of) Tj ET Q q 0 0 0 rg BT 352.19 173.15 Td (ficers and employees, including the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 159.35 Td (Company) Tj ET Q q 0 0 0 rg BT 97.42 159.35 Td (s Chief Executive Of) Tj ET Q q 0 0 0 rg BT 193.97 159.35 Td (ficer) Tj ET Q q 0 0 0 rg BT 214.58 159.35 Td (, as well as communications between Pinnacle ) Tj ET Q q 0 0 0 rg BT 430.26 159.35 Td (W) Tj ET Q q 0 0 0 rg BT 440.19 159.35 Td (est personnel and a former ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 145.55 Td (ACC Commissioner) Tj ET Q q 0 0 0 rg BT 142.47 145.55 Td (. Pinnacle ) Tj ET Q q 0 0 0 rg BT 193.37 145.55 Td (W) Tj ET Q q 0 0 0 rg BT 203.30 145.55 Td (est is cooperating fully with the United States ) Tj ET Q q 0 0 0 rg BT 415.38 145.55 Td (Attorney) Tj ET Q q 0 0 0 rg BT 459.46 145.55 Td (s of) Tj ET Q q 0 0 0 rg BT 476.18 145.55 Td (fice in this matter) Tj ET Q q 0 0 0 rg BT 556.34 145.55 Td (.) Tj ET Q endstream endobj 63 0 obj <>] /Rotate 0 /Contents 64 0 R>> endobj 64 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (27) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 734.75 Td (Other) Tj ET Q q 0 0 0 rg BT 78.67 734.75 Td ( Information ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 707.15 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 707.15 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 707.15 Td (est, ) Tj ET Q q 0 0 0 rg BT 155.59 707.15 Td (APS and El Dorado are all incorporated in the State of ) Tj ET Q q 0 0 0 rg BT 408.21 707.15 Td (Arizona. BCE and 4CA) Tj ET Q q 0 0 0 rg BT 519.69 707.15 Td ( are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td (incorporated in Delaware. ) Tj ET Q q 0 0 0 rg BT 174.35 693.35 Td (Additional information for each of these companies is provided below: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 646.85 76.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 126.00 646.85 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 130.00 646.85 236.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 646.85 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 646.85 94.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 646.85 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 646.85 95.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 588.85 76.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 126.00 588.85 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 130.00 588.85 236.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 588.85 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 588.85 94.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 588.85 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 588.85 95.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 539.85 76.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 126.00 539.85 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 130.00 539.85 236.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 539.85 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 539.85 94.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 539.85 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 539.85 95.00 -24.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 130 646.85 m 366 646.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 646.85 m 464 646.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 646.85 m 563 646.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 515.85 m 563 515.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 502.85 m 563 502.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 500.85 m 563 500.85 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 649.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 202.60 659.08 Td (PrincipalExecutiveOffice) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.55 651.08 Td (Addr) Tj ET Q q 0 0 0 rg BT 251.63 651.08 Td (ess) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.20 659.08 Td (Y) Tj ET Q q 0 0 0 rg BT 409.09 659.08 Td (ear) Tj ET Q q 0 0 0 rg BT 420.05 659.08 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.50 651.08 Td (Incorporation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.40 674.93 Td (Appr) Tj ET Q q 0 0 0 rg BT 510.48 674.93 Td (oximate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.50 666.93 Td (Number) Tj ET Q q 0 0 0 rg BT 524.80 666.93 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.20 658.93 Td (Employeesat) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.75 650.93 Td (December) Tj ET Q q 0 0 0 rg BT 517.25 650.93 Td (31,2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 637.42 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 89.34 637.42 Td (W) Tj ET Q q 0 0 0 rg BT 98.29 637.42 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.50 637.42 Td (400 North Fifth Street) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.50 627.42 Td (Phoenix, ) Tj ET Q q 0 0 0 rg BT 169.73 627.42 Td (AZ 85004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 637.42 Td (1985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 637.42 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 613.42 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.50 613.42 Td (400 North Fifth Street) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.50 603.42 Td (P) Tj ET Q q 0 0 0 rg BT 136.95 603.42 Td (.O.Box 53999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.50 593.42 Td (Phoenix, ) Tj ET Q q 0 0 0 rg BT 169.73 593.42 Td (AZ 85072-3999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 613.42 Td (1920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 613.42 Td (6,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 579.42 Td (BCE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.50 578.52 Td (400 East ) Tj ET Q q 0 0 0 rg BT 169.54 578.52 Td (V) Tj ET Q q 0 0 0 rg BT 175.65 578.52 Td (an Buren) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.50 568.52 Td (Phoenix, ) Tj ET Q q 0 0 0 rg BT 169.73 568.52 Td (AZ 85004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 579.42 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 579.42 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 554.42 Td (El Dorado) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.50 554.42 Td (400 East ) Tj ET Q q 0 0 0 rg BT 169.54 554.42 Td (V) Tj ET Q q 0 0 0 rg BT 175.65 554.42 Td (an Buren) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.50 544.42 Td (Phoenix, ) Tj ET Q q 0 0 0 rg BT 169.73 544.42 Td (AZ 85004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 554.42 Td (1983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 554.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 530.42 Td (4CA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.50 530.42 Td (400 North Fifth Street) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.50 520.42 Td (Phoenix, ) Tj ET Q q 0 0 0 rg BT 169.73 520.42 Td (AZ 85004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.50 530.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 530.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 506.42 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 506.42 Td (otal) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 132.50 512.66 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 416.50 512.66 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 506.42 Td (6,292) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 488.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 474.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 474.75 Td (The ) Tj ET Q q 0 0 0 rg BT 105.62 474.75 Td (APS number includes employees at jointly-owned generating facilities \(approximately 2,565 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 460.95 Td (employees\) for which ) Tj ET Q q 0 0 0 rg BT 152.01 460.95 Td (APS serves as the generating facility manager) Tj ET Q q 0 0 0 rg BT 362.79 460.95 Td (. ) Tj ET Q q 0 0 0 rg BT 370.78 460.95 Td (Approximately 1,369 ) Tj ET Q q 0 0 0 rg BT 471.40 460.95 Td (APS employees are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 447.15 Td (union employees, represented by the International Brotherhood of Electrical ) Tj ET Q q 0 0 0 rg BT 402.48 447.15 Td (W) Tj ET Q q 0 0 0 rg BT 412.42 447.15 Td (orkers \("IBEW"\). In January ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 433.35 Td (2018, the Company concluded negotiations with IBEW) Tj ET Q q 0 0 0 rg BT 304.49 433.35 Td ( and approved a two-year extension of the existing ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 419.55 Td (collective bar) Tj ET Q q 0 0 0 rg BT 111.55 419.55 Td (gaining agreement, which was set to expire on ) Tj ET Q q 0 0 0 rg BT 327.12 419.55 Td (April 1, 2018. ) Tj ET Q q 0 0 0 rg BT 397.19 419.55 Td (The new agreement is in place until ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 405.75 Td (April 1, 2020. ) Tj ET Q q 0 0 0 rg BT 119.14 405.75 Td (Approximately 200 ) Tj ET Q q 0 0 0 rg BT 211.13 405.75 Td (APS employees at Palo ) Tj ET Q q 0 0 0 rg BT 321.45 405.75 Td (V) Tj ET Q q 0 0 0 rg BT 328.48 405.75 Td (erde were union employees, represented by the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 391.95 Td (United Security Professionals of ) Tj ET Q q 0 0 0 rg BT 200.90 391.95 Td (America \("USP) Tj ET Q q 0 0 0 rg BT 271.93 391.95 Td (A"\). ) Tj ET Q q 0 0 0 rg BT 297.18 391.95 Td (The USP) Tj ET Q q 0 0 0 rg BT 337.97 391.95 Td (A) Tj ET Q q 0 0 0 rg BT 345.64 391.95 Td ( collective bar) Tj ET Q q 0 0 0 rg BT 410.57 391.95 Td (gaining agreement expired on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 378.15 Td (May 31, 2017, but ) Tj ET Q q 0 0 0 rg BT 136.39 378.15 Td (APS and the USP) Tj ET Q q 0 0 0 rg BT 216.81 378.15 Td (A) Tj ET Q q 0 0 0 rg BT 224.48 378.15 Td ( did not reach an agreement over the terms of a new collective bar) Tj ET Q q 0 0 0 rg BT 527.93 378.15 Td (gaining ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 364.35 Td (agreement. Certain members of the USP) Tj ET Q q 0 0 0 rg BT 237.19 364.35 Td (A) Tj ET Q q 0 0 0 rg BT 244.86 364.35 Td ( bar) Tj ET Q q 0 0 0 rg BT 262.21 364.35 Td (gaining unit filed a petition with the National Labor Relations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 350.55 Td (Board \("NLRB"\) seeking to decertify the USP) Tj ET Q q 0 0 0 rg BT 261.60 350.55 Td (A) Tj ET Q q 0 0 0 rg BT 269.27 350.55 Td ( as the representative of the bar) Tj ET Q q 0 0 0 rg BT 412.75 350.55 Td (gaining unit, and the employees ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 336.75 Td (elected to decertify the union. ) Tj ET Q q 0 0 0 rg BT 192.03 336.75 Td (The NLRB certified the results of the election on September 1) Tj ET Q q 0 0 0 rg BT 477.75 336.75 Td (1, 2017.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 195.75 309.15 Td (WHERE ) Tj ET Q q 0 0 0 rg BT 242.51 309.15 Td (T) Tj ET Q q 0 0 0 rg BT 249.97 309.15 Td (O FIND MORE INFORMA) Tj ET Q q 0 0 0 rg BT 386.79 309.15 Td (TION) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 281.55 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 281.55 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 281.55 Td (e use our website \() Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 181.66 281.55 Td (www) Tj ET Q q 0 0 0 rg BT 203.82 281.55 Td (.pinnaclewest.com\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 292.60 281.55 Td ( as a channel of distribution for material Company ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 267.75 Td (information. ) Tj ET Q q 0 0 0 rg BT 112.21 267.75 Td (The following filings are available free of char) Tj ET Q q 0 0 0 rg BT 326.90 267.75 Td (ge on our website as soon as reasonably ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 253.95 Td (practicable after they are electronically filed with, or furnished to, the Securities and Exchange Commission ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 240.15 Td (\(SEC\): ) Tj ET Q q 0 0 0 rg BT 96.77 240.15 Td (Annual Reports on Form10-K, definitive proxy statements for our annual shareholder meetings, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 226.35 Td (Quarterly Reports on Form10-Q, Current Reports on Form8-K and all amendments to those reports. Our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 212.55 Td (board and committee charters, Code of Ethics for Financial Executives, Code of Ethics and Business Practices ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 198.75 Td (and other corporate governance information is also available on the Pinnacle ) Tj ET Q q 0 0 0 rg BT 404.71 198.75 Td (W) Tj ET Q q 0 0 0 rg BT 414.65 198.75 Td (est website. Pinnacle ) Tj ET Q q 0 0 0 rg BT 516.32 198.75 Td (W) Tj ET Q q 0 0 0 rg BT 526.25 198.75 Td (est will ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 184.95 Td (post any amendments to the Code of Ethics for Financial Executives and Code of Ethics and Business ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 171.15 Td (Practices, and any waivers that are required to be disclosed by the rulesof either the SEC or the New ) Tj ET Q q 0 0 0 rg BT 516.28 171.15 Td (Y) Tj ET Q q 0 0 0 rg BT 523.43 171.15 Td (ork ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 157.35 Td (Stock Exchange, on its website. ) Tj ET Q q 0 0 0 rg BT 201.32 157.35 Td (The information on Pinnacle ) Tj ET Q q 0 0 0 rg BT 335.89 157.35 Td (W) Tj ET Q q 0 0 0 rg BT 345.82 157.35 Td (est) Tj ET Q q 0 0 0 rg BT 361.79 157.35 Td (s website is not incorporated by reference ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 143.55 Td (into this report.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 129.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 115.95 Td (Y) Tj ET Q q 0 0 0 rg BT 92.65 115.95 Td (ou can request a copy of these documents, excluding exhibits, by contacting Pinnacle ) Tj ET Q q 0 0 0 rg BT 487.50 115.95 Td (W) Tj ET Q q 0 0 0 rg BT 497.43 115.95 Td (est at the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 102.15 Td (following address: Pinnacle ) Tj ET Q q 0 0 0 rg BT 182.80 102.15 Td (W) Tj ET Q q 0 0 0 rg BT 192.73 102.15 Td (est Capital Corporation, Of) Tj ET Q q 0 0 0 rg BT 317.72 102.15 Td (fice of the Corporate Secretary) Tj ET Q q 0 0 0 rg BT 458.74 102.15 Td (, Mail Station 8602, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 88.35 Td (P) Tj ET Q q 0 0 0 rg BT 54.62 88.35 Td (.O.Box 53999, Phoenix, ) Tj ET Q q 0 0 0 rg BT 170.91 88.35 Td (Arizona 85072-3999 \(telephone 602-250-4400\).) Tj ET Q endstream endobj 65 0 obj <>] /Rotate 0 /Contents 66 0 R>> endobj 66 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (28) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 235.40 734.75 Td (ITEM 1A. RISK F) Tj ET Q q 0 0 0 rg BT 328.79 734.75 Td (ACT) Tj ET Q q 0 0 0 rg BT 352.87 734.75 Td (ORS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 720.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 707.15 Td (In addition to the factors af) Tj ET Q q 0 0 0 rg BT 210.16 707.15 Td (fecting specific business operations identified in the description of these ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td (operations contained elsewhere in this report, set forth below are risks and uncertainties that could af) Tj ET Q q 0 0 0 rg BT 512.98 693.35 Td (fect our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.55 Td (financial results. Unless otherwise indicated or the context otherwise requires, the following risks and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.75 Td (uncertainties apply to Pinnacle ) Tj ET Q q 0 0 0 rg BT 193.64 665.75 Td (W) Tj ET Q q 0 0 0 rg BT 203.58 665.75 Td (est and its subsidiaries, including ) Tj ET Q q 0 0 0 rg BT 358.18 665.75 Td (APS.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 651.95 Td () Tj ET Q BT /F2 11.50 Tf ET 0 0 0 RG /GS0 gs 1.09 w 0 i [] 0 d 1 J 1 j 3 M 49.5 630.3503173828125 m 167.4287109375 630.3503173828125 l s q 0 0 0 rg BT 49.50 632.15 Td (REGULA) Tj ET Q q 0 0 0 rg BT 97.85 632.15 Td (T) Tj ET Q q 0 0 0 rg BT 105.31 632.15 Td (OR) Tj ET Q q 0 0 0 rg BT 122.16 632.15 Td (Y) Tj ET Q q 0 0 0 rg BT 130.04 632.15 Td ( RISKS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 618.35 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 604.55 Td (Our financial condition depends upon ) Tj ET Q q 0 0 0 rg BT 232.79 604.55 Td (APS) Tj ET Q q 0 0 0 rg BT 256.86 604.55 Td (s ability to recover costs in a timely manner from customers ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 590.75 Td (through regulated rates and otherwise execute its business strategy) Tj ET Q q 0 0 0 rg BT 365.36 590.75 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 576.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 563.15 Td (APS is subject to comprehensive regulation by several federal, state and local regulatory agencies that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 549.35 Td (significantly influence its business, liquidity and results of operations and its ability to fully recover costs from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 535.55 Td (utility customers in a timely manner) Tj ET Q q 0 0 0 rg BT 215.27 535.55 Td (. ) Tj ET Q q 0 0 0 rg BT 223.68 535.55 Td (The ) Tj ET Q q 0 0 0 rg BT 243.80 535.55 Td (ACC regulates ) Tj ET Q q 0 0 0 rg BT 314.08 535.55 Td (APS) Tj ET Q q 0 0 0 rg BT 338.37 535.55 Td (s retail electric rates and FERC regulates rates ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 521.75 Td (for wholesale power sales and transmission services. ) Tj ET Q q 0 0 0 rg BT 297.44 521.75 Td (The profitability of ) Tj ET Q q 0 0 0 rg BT 387.83 521.75 Td (APS is af) Tj ET Q q 0 0 0 rg BT 431.07 521.75 Td (fected by the rates it may ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 507.95 Td (char) Tj ET Q q 0 0 0 rg BT 69.08 507.95 Td (ge and the timeliness of recovering costs incurred through its rates. Consequently) Tj ET Q q 0 0 0 rg BT 445.51 507.95 Td (, our financial condition ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 494.15 Td (and results of operations are dependent upon the satisfactory resolution of any ) Tj ET Q q 0 0 0 rg BT 411.02 494.15 Td (APS rate proceedings and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 480.35 Td (ancillary matters which may come before the ) Tj ET Q q 0 0 0 rg BT 259.30 480.35 Td (ACC and FERC, including in some cases how court challenges to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 466.55 Td (these regulatory decisions are resolved. ) Tj ET Q q 0 0 0 rg BT 235.68 466.55 Td (Arizona, like certain other states, has a statute that allows the ) Tj ET Q q 0 0 0 rg BT 518.94 466.55 Td (ACC to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 452.75 Td (reopen prior decisions and modify otherwise final orders under certain circumstances.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 425.75 Td (The ) Tj ET Q q 0 0 0 rg BT 104.74 425.75 Td (ACC must also approve ) Tj ET Q q 0 0 0 rg BT 212.30 425.75 Td (APS) Tj ET Q q 0 0 0 rg BT 235.53 425.75 Td (s issuance of securities and any significant transfer or encumbrance of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 412.55 Td (APS property used to provide retail electric service, and must approve or receive prior notification of certain ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 399.35 Td (transactions between us, ) Tj ET Q q 0 0 0 rg BT 158.86 399.35 Td (APS and our respective af) Tj ET Q q 0 0 0 rg BT 273.52 399.35 Td (filiates. Decisions made by the ) Tj ET Q q 0 0 0 rg BT 413.74 399.35 Td (ACC or FERC could have a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 386.15 Td (material adverse impact on our financial condition, results of operations or cash flows.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 358.55 Td (APS) Tj ET Q q 0 0 0 rg BT 73.57 358.55 Td (s ability to conduct its business operations and avoid fines and penalties depends upon compliance with ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 344.75 Td (federal, state and local statutes, regulations and ) Tj ET Q q 0 0 0 rg BT 278.14 344.75 Td (ACC requirements, and obtaining and maintaining certain ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 330.95 Td (regulatory permits, approvals and certificates.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 317.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 303.35 Td (APS must comply in good faith with all applicable statutes, regulations, rules, tarif) Tj ET Q q 0 0 0 rg BT 465.70 303.35 Td (fs, and orders of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 289.55 Td (agencies that regulate ) Tj ET Q q 0 0 0 rg BT 151.36 289.55 Td (APS) Tj ET Q q 0 0 0 rg BT 175.65 289.55 Td (s business, including FERC, NRC, EP) Tj ET Q q 0 0 0 rg BT 350.32 289.55 Td (A, the ) Tj ET Q q 0 0 0 rg BT 380.66 289.55 Td (ACC, and state and local governmental ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 275.75 Td (agencies. ) Tj ET Q q 0 0 0 rg BT 97.51 275.75 Td (These agencies regulate many aspects of ) Tj ET Q q 0 0 0 rg BT 286.54 275.75 Td (APS) Tj ET Q q 0 0 0 rg BT 310.84 275.75 Td (s utility operations, including safety and performance, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 261.95 Td (emissions, siting and construction of facilities, customer service and the rates that ) Tj ET Q q 0 0 0 rg BT 427.00 261.95 Td (APS can char) Tj ET Q q 0 0 0 rg BT 489.39 261.95 Td (ge retail and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 248.15 Td (wholesale customers. Failure to comply can subject ) Tj ET Q q 0 0 0 rg BT 291.91 248.15 Td (APS to, among other things, fines and penalties. For ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 234.35 Td (example, under the Ener) Tj ET Q q 0 0 0 rg BT 161.69 234.35 Td (gy Policy ) Tj ET Q q 0 0 0 rg BT 207.70 234.35 Td (Act of 2005, FERC can impose penalties \(approximately $1.2 million dollars ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 220.55 Td (per day per violation\) for failure to comply with mandatory electric reliability standards. ) Tj ET Q q 0 0 0 rg BT 461.14 220.55 Td (APS is also required ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 206.75 Td (to have numerous permits, approvals and certificates from these agencies. ) Tj ET Q q 0 0 0 rg BT 394.07 206.75 Td (APS believes the necessary permits, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 192.95 Td (approvals and certificates have been obtained for its existing operations and that ) Tj ET Q q 0 0 0 rg BT 420.58 192.95 Td (APS) Tj ET Q q 0 0 0 rg BT 444.87 192.95 Td (s business is conducted ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 179.15 Td (in accordance with applicable laws in all material respects. However) Tj ET Q q 0 0 0 rg BT 367.40 179.15 Td (, changes in regulations or the imposition ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 165.35 Td (of new or revised laws or regulations could have an adverse impact on our results of operations. ) Tj ET Q q 0 0 0 rg BT 496.07 165.35 Td (W) Tj ET Q q 0 0 0 rg BT 506.01 165.35 Td (e are also ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 151.55 Td (unable to predict the impact on our business and operating results from pending or future regulatory activities ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 137.75 Td (of any of these agencies) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 159.98 137.75 Td (.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 110.15 Td (The operation of ) Tj ET Q q 0 0 0 rg BT 131.17 110.15 Td (APS) Tj ET Q q 0 0 0 rg BT 155.24 110.15 Td (s nuclear power plant exposes it to substantial regulatory oversight and potentially ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 96.35 Td (significant liabilities and capital expenditures.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 82.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 68.75 Td (The NRC has broad authority under federal law to impose safety-related, security-related and other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 54.95 Td (licensing requirements for the operation of nuclear generation facilities. Events at nuclear facilities of other ) Tj ET Q endstream endobj 67 0 obj <>] /Rotate 0 /Contents 68 0 R>> endobj 68 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (29) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (operators or impacting the industry generally may lead the NRC to impose additional requirements and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (regulations on all nuclear generation facilities, including Palo ) Tj ET Q q 0 0 0 rg BT 335.12 720.75 Td (V) Tj ET Q q 0 0 0 rg BT 342.15 720.75 Td (erde. In the event of noncompliance with its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (requirements, the NRC has the authority to impose a progressively increased inspection regime that could ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (ultimately result in the shut-down of a unit or civil penalties, or both, depending upon the NRC) Tj ET Q q 0 0 0 rg BT 490.27 693.15 Td (s assessment of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (the severity of the situation, until compliance is achieved. ) Tj ET Q q 0 0 0 rg BT 320.11 679.35 Td (The increased costs resulting from penalties, a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (heightened level of scrutiny and implementation of plans to achieve compliance with NRC requirements may ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (adversely af) Tj ET Q q 0 0 0 rg BT 105.17 651.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 124.64 651.75 Td (APS) Tj ET Q q 0 0 0 rg BT 148.93 651.75 Td (s financial condition, results of operations and cash flows.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 618.15 Td (APS is subject to numerous environmental laws and regulations, and changes in, or liabilities under) Tj ET Q q 0 0 0 rg BT 523.67 618.15 Td (, ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 604.35 Td (existing or new laws or regulations may increase ) Tj ET Q q 0 0 0 rg BT 282.94 604.35 Td (APS) Tj ET Q q 0 0 0 rg BT 307.01 604.35 Td (s cost of operations or impact its business plans.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 590.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 576.75 Td (APS is, or may become, subject to numerous environmental laws and regulations af) Tj ET Q q 0 0 0 rg BT 470.47 576.75 Td (fecting many ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 562.95 Td (aspects of its present and future operations, including air emissions of conventional pollutants and greenhouse ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 549.15 Td (gases, water quality) Tj ET Q q 0 0 0 rg BT 139.77 549.15 Td (, dischar) Tj ET Q q 0 0 0 rg BT 178.52 549.15 Td (ges of wastewater and streams originating from fly ash and bottom ash handling ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 535.35 Td (facilities, solid waste, hazardous waste, and coal combustion products, which consist of bottom ash, fly ash, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 521.55 Td (and air pollution control wastes. ) Tj ET Q q 0 0 0 rg BT 202.92 521.55 Td (These laws and regulations can result in increased capital, operating, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 507.75 Td (other costs, particularly with regard to enforcement ef) Tj ET Q q 0 0 0 rg BT 297.09 507.75 Td (forts focused on power plant emissions obligations. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 493.95 Td (These laws and regulations generally require ) Tj ET Q q 0 0 0 rg BT 257.71 493.95 Td (APS to obtain and comply with a wide variety of environmental ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 480.15 Td (licenses, permits, and other approvals. If there is a delay or failure to obtain any required environmental ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 466.35 Td (regulatory approval, or if ) Tj ET Q q 0 0 0 rg BT 167.34 466.35 Td (APS fails to obtain, maintain, or comply with any such approval, operations at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 452.55 Td (af) Tj ET Q q 0 0 0 rg BT 58.23 452.55 Td (fected facilities could be suspended or subject to additional expenses. In addition, failure to comply with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 438.75 Td (applicable environmental laws and regulations could result in civil liability as a result of government ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 424.95 Td (enforcement actions or private claims or criminal penalties. Both public of) Tj ET Q q 0 0 0 rg BT 394.83 424.95 Td (ficials and private individuals may ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 411.15 Td (seek to enforce applicable environmental laws and regulations. ) Tj ET Q q 0 0 0 rg BT 343.93 411.15 Td (APS cannot predict the outcome \(financial or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 397.35 Td (operational\) of any related litigation that may arise.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 383.55 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 369.75 Td (Envir) Tj ET Q q 0 0 0 rg BT 110.62 369.75 Td (onmental Clean Up.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 206.45 369.75 Td ( ) Tj ET Q q 0 0 0 rg BT 208.69 369.75 Td (APS has been named as a PRP) Tj ET Q q 0 0 0 rg BT 349.45 369.75 Td ( for a Superfund site in Phoenix, ) Tj ET Q q 0 0 0 rg BT 500.85 369.75 Td (Arizona, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 355.95 Td (it could be named a PRP) Tj ET Q q 0 0 0 rg BT 162.46 355.95 Td ( in the future for other environmental clean-up at sites identified by a regulatory body) Tj ET Q q 0 0 0 rg BT 555.15 355.95 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 342.15 Td (APS cannot predict with certainty the amount and timing of all future expenditures related to environmental ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 328.35 Td (matters because of the dif) Tj ET Q q 0 0 0 rg BT 167.44 328.35 Td (ficulty of estimating clean-up costs. ) Tj ET Q q 0 0 0 rg BT 337.46 328.35 Td (There is also uncertainty in quantifying ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 314.55 Td (liabilities under environmental laws that impose joint and several liability on all PRPs.) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 286.95 Td (Coal ) Tj ET Q q 0 0 0 rg BT 110.53 286.95 Td (Ash. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 133.53 286.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 136.28 286.95 Td (In December 2014, EP) Tj ET Q q 0 0 0 rg BT 239.98 286.95 Td (A) Tj ET Q q 0 0 0 rg BT 247.65 286.95 Td ( issued final regulations governing the handling and disposal of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 273.15 Td (CCR, which are generated as a result of burning coal and consist of, among other things, fly ash and bottom ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 259.35 Td (ash. ) Tj ET Q q 0 0 0 rg BT 73.25 259.35 Td (The rule regulates CCR as a non-hazardous waste. ) Tj ET Q q 0 0 0 rg BT 310.21 259.35 Td (APS currently disposes of CCR in ash ponds and dry ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 245.55 Td (storage areas at Cholla and Four Corners and in a dry landfill storage area at the Navajo Plant. ) Tj ET Q q 0 0 0 rg BT 488.08 245.55 Td (T) Tj ET Q q 0 0 0 rg BT 494.30 245.55 Td (o the extent ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 231.75 Td (the rule requires the closure or modification of these CCR units or the construction of new CCR units beyond ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 217.95 Td (what we currently anticipate, ) Tj ET Q q 0 0 0 rg BT 185.21 217.95 Td (APS would incur significant additional costs for CCR disposal. ) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 190.35 Td (Ozone National ) Tj ET Q q 0 0 0 rg BT 160.68 190.35 Td (Ambient ) Tj ET Q q 0 0 0 rg BT 201.68 190.35 Td (Air Quality Standar) Tj ET Q q 0 0 0 rg BT 292.61 190.35 Td (ds. ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 308.59 190.35 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 311.34 190.35 Td (In 2015, EP) Tj ET Q q 0 0 0 rg BT 364.91 190.35 Td (A) Tj ET Q q 0 0 0 rg BT 372.58 190.35 Td ( finalized revisions to the national ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 176.55 Td (ambient air quality standards for nitrogen oxides, which set new) Tj ET Q q 0 0 0 rg BT 343.85 176.55 Td (, more stringent standards intended to protect ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (human health and human welfare. Depending on the final attainment designations for the new standards and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 148.95 Td (the state implementation requirements, ) Tj ET Q q 0 0 0 rg BT 230.58 148.95 Td (APS may be required to invest in new pollution control technologies ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 135.15 Td (and to generate emission of) Tj ET Q q 0 0 0 rg BT 175.76 135.15 Td (fsets for new projects or facility expansions located in ozone nonattainment areas.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 552.58 135.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 107.55 Td (APS cannot assure that existing environmental regulations will not be revised or that new regulations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 93.75 Td (seeking to protect the environment will not be adopted or become applicable to it. Revised or additional ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 79.95 Td (regulations that result in increased compliance costs or additional operating restrictions, particularly if those ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 66.15 Td (costs incurred by ) Tj ET Q q 0 0 0 rg BT 130.31 66.15 Td (APS are not fully recoverable from ) Tj ET Q q 0 0 0 rg BT 294.45 66.15 Td (APS) Tj ET Q q 0 0 0 rg BT 318.75 66.15 Td (s customers, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 526.73 66.15 Td (fect on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 52.35 Td (its financial condition, results of operations or cash flows. Due to current or potential future regulations or ) Tj ET Q endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (30) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (legislation coupled with trends in natural gas and coal prices, the economics of continuing to own certain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (resources, particularly coal facilities, may deteriorate, warranting early retirement of those plants, which may ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (result in asset impairments. ) Tj ET Q q 0 0 0 rg BT 180.46 706.95 Td (APS would seek recovery in rates for the book value of any remaining investments ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (in the plants as well as other costs related to early retirement, but cannot predict whether it would obtain such ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (recovery) Tj ET Q q 0 0 0 rg BT 88.98 679.35 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 665.55 Td () Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 49.50 652.35 Td (APS faces potential financial risks resulting from climate change litigation and legislative and regulatory ef) Tj ET Q q 0 0 0 rg BT 537.59 652.35 Td (forts ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 49.50 639.15 Td (to limit GHG emissions, as well as physical and operational risks related to climate ef) Tj ET Q q 0 0 0 rg BT 435.23 639.15 Td (fects.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 611.55 Td (Concern over climate change has led to significant legislative and regulatory ef) Tj ET Q q 0 0 0 rg BT 449.65 611.55 Td (forts to limit CO) Tj ET Q BT /F1 11.50 Tf ET BT /F1 7.47 Tf ET q 0 0 0 rg BT 526.00 609.90 Td (2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 529.74 611.55 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.75 Td (which is a major byproduct of the combustion of fossil fuel, and other GHG emissions. ) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 571.95 Td (Potential Financial Risks - Gr) Tj ET Q q 0 0 0 rg BT 224.34 571.95 Td (eenhouse Gas Regulation, the Clean Power Plan and Potential ) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 49.50 558.15 Td (Litigation.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 97.75 558.15 Td ( In) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 112.41 558.15 Td ( 2015, EP) Tj ET Q q 0 0 0 rg BT 156.40 558.15 Td (A) Tj ET Q q 0 0 0 rg BT 164.07 558.15 Td ( finalized a rule to limit carbon dioxide emissions from existing power plants. ) Tj ET Q q 0 0 0 rg BT 527.00 558.15 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 544.35 Td (implementation of this rule within the jurisdictions where ) Tj ET Q q 0 0 0 rg BT 316.52 544.35 Td (APS operates could result in a shift in in-state ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 530.55 Td (generation from coal to natural gas and renewable generation. Such a substantial change in ) Tj ET Q q 0 0 0 rg BT 472.30 530.55 Td (APS) Tj ET Q q 0 0 0 rg BT 496.60 530.55 Td (s generation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 516.75 Td (portfolio could require additional capital investments and increased operating costs, and thus have a significant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 502.95 Td (financial impact on the Company) Tj ET Q q 0 0 0 rg BT 202.05 502.95 Td (. EP) Tj ET Q q 0 0 0 rg BT 223.04 502.95 Td (A) Tj ET Q q 0 0 0 rg BT 230.71 502.95 Td ( took action in October 2017 to potentially repeal these regulations and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 489.15 Td (is currently taking public comments on whether or how EP) Tj ET Q q 0 0 0 rg BT 319.60 489.15 Td (A) Tj ET Q q 0 0 0 rg BT 327.27 489.15 Td ( could take action to replace the Clean Power Plan ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 475.35 Td (with a new set of regulations. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 449.55 Td (Depending on the final outcome of a pending judicial review of the Clean Power Plan, along with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 435.75 Td (related regulatory activity to repeal or replace these regulations, the utility industry may face alternative ef) Tj ET Q q 0 0 0 rg BT 538.49 435.75 Td (forts ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 421.95 Td (from private parties seeking to establish alternative GHG emission limitations from power plants. ) Tj ET Q q 0 0 0 rg BT 503.35 421.95 Td (Alternative ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 408.15 Td (GHG emission limitations may arise from litigation under either federal or state common laws or citizen suit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 394.35 Td (provisions of federal environmental statutes that attempt to force federal agency rulemaking or imposing direct ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 380.55 Td (facility emission limitations. Such lawsuits may also seek damages from harm alleged to have resulted from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (power plant GHG emissions. ) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 340.95 Td (Physical and Operational Risks.) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 234.35 340.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 239.85 340.95 Td (W) Tj ET Q q 0 0 0 rg BT 249.78 340.95 Td (eather extremes such as drought and high temperature variations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 327.15 Td (are common occurrences in the Southwest) Tj ET Q q 0 0 0 rg BT 247.18 327.15 Td (s desert area, and these are risks that ) Tj ET Q q 0 0 0 rg BT 416.74 327.15 Td (APS considers in the normal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 313.35 Td (course of business in the engineering and construction of its electric system. Lar) Tj ET Q q 0 0 0 rg BT 421.03 313.35 Td (ge increases in ambient ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 299.55 Td (temperatures could require evaluation of certain materials used within its system and represent a greater ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 285.75 Td (challenge.) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 49.50 260.55 Td (Co-owners of our jointly owned generation facilities may have unaligned goals and positions due to the ef) Tj ET Q q 0 0 0 rg BT 527.83 260.55 Td (fects of ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 49.50 247.35 Td (legislation, regulations, economic conditions or changes in our industry) Tj ET Q q 0 0 0 rg BT 374.87 247.35 Td (, which could have a significant impact ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 49.50 234.15 Td (on our ability to continue operations of such facilities.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 207.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 207.15 Td (APS owns certain of our power plants jointly with other owners with varying ownership interests in such ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 193.95 Td (facilities. Changes in the nature of our industry and the economic viability of certain plants, including impacts ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 180.75 Td (resulting from types and availability of other resources, fuel costs, legislation and regulation, together with timing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 167.55 Td (considerations related to expiration of leases or other agreements for such facilities, could result in unaligned ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 154.35 Td (positions among co-owners. Such dif) Tj ET Q q 0 0 0 rg BT 215.50 154.35 Td (ferences in the co-owners) Tj ET Q q 0 0 0 rg BT 331.05 154.35 Td ( willingness or ability to continue their participation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 141.15 Td (could ultimately lead to disagreements among the parties as to how and whether to continue operation of such ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 127.95 Td (plants, which could lead to eventual shut down of units or facilities and uncertainty related to the resulting cost ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 114.75 Td (recovery of such assets. See Note 3 for a discussion of the co-owners' plans to cease operations of the Navajo Plant ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 101.55 Td (and the related risks associated with ) Tj ET Q q 0 0 0 rg BT 210.18 101.55 Td (APS's continued recovery of its remaining investment in the plant.) Tj ET Q endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (31) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 734.75 Td (Deregulation or restructuring of the electric industry may result in increased competition, which could have ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 720.95 Td (a significant adverse impact on ) Tj ET Q q 0 0 0 rg BT 199.53 720.95 Td (APS) Tj ET Q q 0 0 0 rg BT 223.60 720.95 Td (s business and its results of operations.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.35 Td (In 1999, the ) Tj ET Q q 0 0 0 rg BT 143.00 693.35 Td (ACC approved rulesfor the introduction of retail electric competition in ) Tj ET Q q 0 0 0 rg BT 477.37 693.35 Td (Arizona. Retail ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.55 Td (competition could have a significant adverse financial impact on ) Tj ET Q q 0 0 0 rg BT 348.73 679.55 Td (APS due to an impairment of assets, a loss of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.75 Td (retail customers, lower profit mar) Tj ET Q q 0 0 0 rg BT 203.54 665.75 Td (gins or increased costs of capital. ) Tj ET Q q 0 0 0 rg BT 361.30 665.75 Td (Although some very limited retail ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.95 Td (competition existed in ) Tj ET Q q 0 0 0 rg BT 153.95 651.95 Td (APS) Tj ET Q q 0 0 0 rg BT 178.24 651.95 Td (s service area in 1999 and 2000, there are currently no active retail competitors ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.15 Td (of) Tj ET Q q 0 0 0 rg BT 58.87 638.15 Td (fering unbundled ener) Tj ET Q q 0 0 0 rg BT 160.21 638.15 Td (gy or other utility services to ) Tj ET Q q 0 0 0 rg BT 295.00 638.15 Td (APS) Tj ET Q q 0 0 0 rg BT 319.29 638.15 Td (s customers. On May9, 2013, the ) Tj ET Q q 0 0 0 rg BT 479.32 638.15 Td (ACC voted to re-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.35 Td (examine the facilitation of a deregulated retail electric market in ) Tj ET Q q 0 0 0 rg BT 347.09 624.35 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 392.55 624.35 Td (The ) Tj ET Q q 0 0 0 rg BT 412.67 624.35 Td (ACC subsequently opened a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.55 Td (docket for this matter and received comments from a number of interested parties on the considerations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.75 Td (involved in establishing retail electric deregulation in the state. One of these considerations is whether various ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.95 Td (aspects of a deregulated market, including setting utility rates on a market basis, would be consistent with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.15 Td (the requirements of the ) Tj ET Q q 0 0 0 rg BT 158.08 569.15 Td (Arizona Constitution. On September1) Tj ET Q q 0 0 0 rg BT 337.80 569.15 Td (1, 2013, after receiving legal advice from the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.35 Td (ACC staf) Tj ET Q q 0 0 0 rg BT 92.42 555.35 Td (f, the ) Tj ET Q q 0 0 0 rg BT 118.29 555.35 Td (ACC voted 4-1 to close the current docket and await full ) Tj ET Q q 0 0 0 rg BT 381.13 555.35 Td (Arizona Constitutional authority ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.55 Td (before any further examination of this matter) Tj ET Q q 0 0 0 rg BT 255.79 541.55 Td (. ) Tj ET Q q 0 0 0 rg BT 264.21 541.55 Td (The motion approved by the ) Tj ET Q q 0 0 0 rg BT 396.75 541.55 Td (ACC also included opening one or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.75 Td (more new dockets in the future to explore options to of) Tj ET Q q 0 0 0 rg BT 302.24 527.75 Td (fer more rate choices to customers and innovative ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.95 Td (changes within the existing cost-of-service regulatory model that could include elements of competition. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 486.35 Td (One of these options would be a continuation or expansion of ) Tj ET Q q 0 0 0 rg BT 370.71 486.35 Td (APS) Tj ET Q q 0 0 0 rg BT 395.01 486.35 Td (s existing ) Tj ET Q q 0 0 0 rg BT 441.01 486.35 Td (AG \(Alternative ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.55 Td (Generation\)-X program, which essentially allows up to 200 MW) Tj ET Q q 0 0 0 rg BT 346.63 472.55 Td ( of cumulative load to be served via a buy-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.75 Td (through arrangement with competitive suppliers of generation. ) Tj ET Q q 0 0 0 rg BT 342.79 458.75 Td (The ) Tj ET Q q 0 0 0 rg BT 362.91 458.75 Td (AG-X program was approved by the ) Tj ET Q q 0 0 0 rg BT 533.45 458.75 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.95 Td (as part of the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 189.39 444.95 Td (Agreement. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 431.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 417.35 Td (Proposals to enable or support retail electric competition may be made from time to time through ballot ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.55 Td (initiatives, legislative action or other forums in ) Tj ET Q q 0 0 0 rg BT 267.32 403.55 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 312.78 403.55 Td (W) Tj ET Q q 0 0 0 rg BT 322.71 403.55 Td (e cannot predict future regulatory or legislative ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.75 Td (action that might result in increased competition.) Tj ET Q BT /F2 11.50 Tf ET 0 0 0 RG /GS0 gs 1.09 w 0 i [] 0 d 1 J 1 j 3 M 49.5 346.5503173828125 m 171.0283203125 346.5503173828125 l s q 0 0 0 rg BT 49.50 348.35 Td (OPERA) Tj ET Q q 0 0 0 rg BT 88.90 348.35 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 133.64 348.35 Td ( RISKS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.55 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 320.75 Td (APS) Tj ET Q q 0 0 0 rg BT 73.57 320.75 Td (s results of operations can be adversely af) Tj ET Q q 0 0 0 rg BT 270.45 320.75 Td (fected by various factors impacting demand for electricity) Tj ET Q q 0 0 0 rg BT 541.83 320.75 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.95 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 293.15 Td (W) Tj ET Q q 0 0 0 rg BT 94.02 293.15 Td (eather Conditions.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 179.64 293.15 Td ( ) Tj ET Q q 0 0 0 rg BT 185.18 293.15 Td (W) Tj ET Q q 0 0 0 rg BT 195.11 293.15 Td (eather conditions directly influence the demand for electricity and af) Tj ET Q q 0 0 0 rg BT 510.07 293.15 Td (fect the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.35 Td (price of ener) Tj ET Q q 0 0 0 rg BT 107.39 279.35 Td (gy commodities. Electric power demand is generally a seasonal business. In ) Tj ET Q q 0 0 0 rg BT 464.77 279.35 Td (Arizona, demand for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.55 Td (power peaks during the hot summer months, with market prices also peaking at that time. ) Tj ET Q q 0 0 0 rg BT 465.98 265.55 Td (As a result, ) Tj ET Q q 0 0 0 rg BT 520.28 265.55 Td (APS) Tj ET Q q 0 0 0 rg BT 544.57 265.55 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.75 Td (overall operating results fluctuate substantially on a seasonal basis. In addition, ) Tj ET Q q 0 0 0 rg BT 418.70 251.75 Td (APS has historically sold less ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.95 Td (power) Tj ET Q q 0 0 0 rg BT 77.78 237.95 Td (, and consequently earned less income, when weather conditions are milder) Tj ET Q q 0 0 0 rg BT 423.95 237.95 Td (. ) Tj ET Q q 0 0 0 rg BT 431.94 237.95 Td (As a result, unusually mild ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.15 Td (weather could diminish ) Tj ET Q q 0 0 0 rg BT 159.69 224.15 Td (APS) Tj ET Q q 0 0 0 rg BT 183.98 224.15 Td (s financial condition, results of operations or cash flows.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 210.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 196.55 Td (Higher temperatures may decrease the snowpack, which might result in lowered soil moisture and an ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.75 Td (increased threat of forest fires. Forest fires could threaten ) Tj ET Q q 0 0 0 rg BT 318.06 182.75 Td (APS) Tj ET Q q 0 0 0 rg BT 342.35 182.75 Td (s communities and electric transmission lines ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.95 Td (and facilities. ) Tj ET Q q 0 0 0 rg BT 116.57 168.95 Td (Any damage caused as a result of forest fires could negatively impact ) Tj ET Q q 0 0 0 rg BT 438.46 168.95 Td (APS) Tj ET Q q 0 0 0 rg BT 462.75 168.95 Td (s financial condition, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.15 Td (results of operations or cash flows.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 141.35 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 127.55 Td (Effects of Ener) Tj ET Q q 0 0 0 rg BT 153.42 127.55 Td (gy Conservation Measur) Tj ET Q q 0 0 0 rg BT 266.70 127.55 Td (es and Distributed Ener) Tj ET Q q 0 0 0 rg BT 376.48 127.55 Td (gy Resour) Tj ET Q q 0 0 0 rg BT 422.36 127.55 Td (ces.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 439.92 127.55 Td ( ) Tj ET Q q 0 0 0 rg BT 445.46 127.55 Td (The ) Tj ET Q q 0 0 0 rg BT 465.58 127.55 Td (ACC has enacted ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.75 Td (rulesregarding ener) Tj ET Q q 0 0 0 rg BT 141.25 113.75 Td (gy ef) Tj ET Q q 0 0 0 rg BT 164.35 113.75 Td (ficiency that mandate a 22% cumulative annual ener) Tj ET Q q 0 0 0 rg BT 405.22 113.75 Td (gy savings requirement by 2020. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 99.95 Td (This will likely increase participation by ) Tj ET Q q 0 0 0 rg BT 237.93 99.95 Td (APS customers in ener) Tj ET Q q 0 0 0 rg BT 342.81 99.95 Td (gy ef) Tj ET Q q 0 0 0 rg BT 365.91 99.95 Td (ficiency and conservation programs and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.15 Td (other demand-side management ef) Tj ET Q q 0 0 0 rg BT 207.99 86.15 Td (forts, which in turn will impact the demand for electricity) Tj ET Q q 0 0 0 rg BT 471.68 86.15 Td (. ) Tj ET Q q 0 0 0 rg BT 480.09 86.15 Td (The rulesalso ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.35 Td (include a requirement for the ) Tj ET Q q 0 0 0 rg BT 185.21 72.35 Td (ACC to review and address financial disincentives, recovery of fixed costs and ) Tj ET Q endstream endobj 73 0 obj <>] /Rotate 0 /Contents 74 0 R>> endobj 74 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (32) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (the recovery of net lost income/revenue that would result from lower sales due to increased ener) Tj ET Q q 0 0 0 rg BT 491.57 734.55 Td (gy ef) Tj ET Q q 0 0 0 rg BT 514.67 734.55 Td (ficiency ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 117.95 720.75 Td (T) Tj ET Q q 0 0 0 rg BT 124.17 720.75 Td (o that end, the LFCR is designed to address these matters.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 706.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.15 Td (APS must also meet certain distributed ener) Tj ET Q q 0 0 0 rg BT 287.14 693.15 Td (gy requirements. ) Tj ET Q q 0 0 0 rg BT 369.54 693.15 Td (A) Tj ET Q q 0 0 0 rg BT 377.21 693.15 Td ( portion of ) Tj ET Q q 0 0 0 rg BT 428.00 693.15 Td (APS) Tj ET Q q 0 0 0 rg BT 452.30 693.15 Td (s total renewable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 679.35 Td (gy requirement must be met with an increasing percentage of distributed ener) Tj ET Q q 0 0 0 rg BT 424.94 679.35 Td (gy resources \(generally) Tj ET Q q 0 0 0 rg BT 531.48 679.35 Td (, small ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (scale renewable technologies located on customers) Tj ET Q q 0 0 0 rg BT 286.54 665.55 Td ( properties\). ) Tj ET Q q 0 0 0 rg BT 347.65 665.55 Td (The distributed ener) Tj ET Q q 0 0 0 rg BT 440.05 665.55 Td (gy requirement was 25% ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (of the overall RES requirement of 3% in 201) Tj ET Q q 0 0 0 rg BT 255.39 651.75 Td (1 and increased to 30% of the applicable RES requirement for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (2012 and subsequent years. Customer participation in distributed ener) Tj ET Q q 0 0 0 rg BT 373.78 637.95 Td (gy programs would result in lower ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (demand, since customers would be meeting some of their own ener) Tj ET Q q 0 0 0 rg BT 358.76 624.15 Td (gy needs. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 596.55 Td (In addition to these rules and requirements, ener) Tj ET Q q 0 0 0 rg BT 306.92 596.55 Td (gy ef) Tj ET Q q 0 0 0 rg BT 330.02 596.55 Td (ficiency technologies and distributed ener) Tj ET Q q 0 0 0 rg BT 522.06 596.55 Td (gy ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (resources continue to evolve, which may have similar impacts on demand for electricity) Tj ET Q q 0 0 0 rg BT 453.36 582.75 Td (. Reduced demand due ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (to these ener) Tj ET Q q 0 0 0 rg BT 107.41 568.95 Td (gy ef) Tj ET Q q 0 0 0 rg BT 130.51 568.95 Td (ficiency requirements, distributed ener) Tj ET Q q 0 0 0 rg BT 307.85 568.95 Td (gy requirements and other emer) Tj ET Q q 0 0 0 rg BT 453.89 568.95 Td (ging technologies, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (unless substantially of) Tj ET Q q 0 0 0 rg BT 151.51 555.15 Td (fset through ratemaking mechanisms, could have a material adverse impact on ) Tj ET Q q 0 0 0 rg BT 514.29 555.15 Td (APS) Tj ET Q q 0 0 0 rg BT 538.58 555.15 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (financial condition, results of operations and cash flows.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 527.55 Td () Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 513.75 Td (Actual and Pr) Tj ET Q q 0 0 0 rg BT 149.59 513.75 Td (ojected Customer and Sales Gr) Tj ET Q q 0 0 0 rg BT 292.90 513.75 Td (owth.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 321.02 513.75 Td ( Retail customers in ) Tj ET Q q 0 0 0 rg BT 414.93 513.75 Td (APS's service territory ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (increased 1.8% for the year ended December 31, 2017 compared with the prior year) Tj ET Q q 0 0 0 rg BT 434.92 499.95 Td (. For the three years 2015 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (through 2017, ) Tj ET Q q 0 0 0 rg BT 116.27 486.15 Td (APS) Tj ET Q q 0 0 0 rg BT 140.56 486.15 Td (s retail customer growth averaged 1.5% per year) Tj ET Q q 0 0 0 rg BT 362.81 486.15 Td (. ) Tj ET Q q 0 0 0 rg BT 371.23 486.15 Td (W) Tj ET Q q 0 0 0 rg BT 381.16 486.15 Td (e currently project annual customer ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (growth to be 1.5-2.5% for 2018 and to average in the range of 2-3% for 2018 through 2020 based on our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (assessment of modestly improving economic conditions in ) Tj ET Q q 0 0 0 rg BT 321.32 458.55 Td (Arizona. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 430.95 Td (Retail electricity sales in kWh, adjusted to exclude the ef) Tj ET Q q 0 0 0 rg BT 347.15 430.95 Td (fects of weather variations, decreased 0.3% ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (for the year ended December 31, 2017 compared with the prior year) Tj ET Q q 0 0 0 rg BT 361.80 417.15 Td (. Improving economic conditions and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td (customer growth were more than of) Tj ET Q q 0 0 0 rg BT 213.75 403.35 Td (fset by ener) Tj ET Q q 0 0 0 rg BT 267.19 403.35 Td (gy savings driven by customer conservation, ener) Tj ET Q q 0 0 0 rg BT 494.69 403.35 Td (gy ef) Tj ET Q q 0 0 0 rg BT 517.79 403.35 Td (ficiency) Tj ET Q q 0 0 0 rg BT 554.08 403.35 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td (distributed renewable generation initiatives and one fewer day of sales due to the leap year in 2016. For the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td (three years 2015 through 2017, ) Tj ET Q q 0 0 0 rg BT 195.14 375.75 Td (APS experienced annual increases in retail electricity sales averaging 0.1%, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (adjusted to exclude the ef) Tj ET Q q 0 0 0 rg BT 166.81 361.95 Td (fects of weather variations. ) Tj ET Q q 0 0 0 rg BT 296.88 361.95 Td (W) Tj ET Q q 0 0 0 rg BT 306.81 361.95 Td (e currently project that annual retail electricity sales in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td (kWh will increase in the range of 0.5-1.5% for 2018 and increase on average in the range of 0.5-1.5% during ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.35 Td (2018 through 2020, including the ef) Tj ET Q q 0 0 0 rg BT 214.74 334.35 Td (fects of customer conservation and ener) Tj ET Q q 0 0 0 rg BT 397.51 334.35 Td (gy ef) Tj ET Q q 0 0 0 rg BT 420.61 334.35 Td (ficiency and distributed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (renewable generation initiatives, but excluding the ef) Tj ET Q q 0 0 0 rg BT 293.58 320.55 Td (fects of weather variations. ) Tj ET Q q 0 0 0 rg BT 423.23 320.55 Td (A) Tj ET Q q 0 0 0 rg BT 430.90 320.55 Td ( slower recovery of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (Arizona economy or acceleration of the expected ef) Tj ET Q q 0 0 0 rg BT 287.16 306.75 Td (fects of customer conservation, ener) Tj ET Q q 0 0 0 rg BT 453.32 306.75 Td (gy ef) Tj ET Q q 0 0 0 rg BT 476.42 306.75 Td (ficiency or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td (distributed renewable generation initiatives could further impact these estimates.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 265.35 Td (Actual customer and sales growth may dif) Tj ET Q q 0 0 0 rg BT 279.47 265.35 Td (fer from our projections as a result of numerous factors, such ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.55 Td (as economic conditions, customer growth, usage patterns and ener) Tj ET Q q 0 0 0 rg BT 353.96 251.55 Td (gy conservation, impacts of ener) Tj ET Q q 0 0 0 rg BT 503.53 251.55 Td (gy ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.75 Td (ef) Tj ET Q q 0 0 0 rg BT 58.23 237.75 Td (ficiency programs and growth in distributed renewable generation, and responses to retail price changes. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.95 Td (Additionally) Tj ET Q q 0 0 0 rg BT 106.89 223.95 Td (, recovery of a substantial portion of our fixed costs of providing service is based upon the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.15 Td (volumetric amount of our sales. If our customer growth rate does not continue to improve as projected, or if ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.35 Td (we experience acceleration of expected ef) Tj ET Q q 0 0 0 rg BT 241.79 196.35 Td (fects of customer conservation, ener) Tj ET Q q 0 0 0 rg BT 407.95 196.35 Td (gy ef) Tj ET Q q 0 0 0 rg BT 431.05 196.35 Td (ficiency or distributed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.55 Td (renewable generation initiatives, we may be unable to reach our estimated sales projections, which could have ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.75 Td (a negative impact on our financial condition, results of operations and cash flows.) Tj ET Q endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (33) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 734.75 Td (The operation of power generation facilities and transmission systems involves risks that could result in ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 720.95 Td (reduced output or unscheduled outages, which could materially af) Tj ET Q q 0 0 0 rg BT 362.70 720.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 382.38 720.95 Td (APS) Tj ET Q q 0 0 0 rg BT 406.45 720.95 Td (s results of operations) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 510.29 720.95 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.35 Td (The operation of power generation, transmission and distribution facilities involves certain risks, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.55 Td (including the risk of breakdown or failure of equipment, fuel interruption, and performance below expected ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.75 Td (levels of output or ef) Tj ET Q q 0 0 0 rg BT 145.10 665.75 Td (ficiency) Tj ET Q q 0 0 0 rg BT 181.39 665.75 Td (. Unscheduled outages, including extensions of scheduled outages due to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.95 Td (mechanical failures or other complications, occur from time to time and are an inherent risk of ) Tj ET Q q 0 0 0 rg BT 486.03 651.95 Td (APS) Tj ET Q q 0 0 0 rg BT 510.33 651.95 Td (s business. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.15 Td (Because our transmission facilities are interconnected with those of third parties, the operation of our facilities ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.35 Td (could be adversely af) Tj ET Q q 0 0 0 rg BT 147.32 624.35 Td (fected by unexpected or uncontrollable events occurring on the lar) Tj ET Q q 0 0 0 rg BT 452.07 624.35 Td (ger transmission power ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.55 Td (grid, and the operation or failure of our facilities could adversely af) Tj ET Q q 0 0 0 rg BT 359.04 610.55 Td (fect the operations of others. Concerns ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.75 Td (over physical security of these assets could include damage to certain of our facilities due to vandalism or other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.95 Td (deliberate acts that could lead to outages or other adverse ef) Tj ET Q q 0 0 0 rg BT 324.54 582.95 Td (fects. If ) Tj ET Q q 0 0 0 rg BT 364.78 582.95 Td (APS) Tj ET Q q 0 0 0 rg BT 389.07 582.95 Td (s facilities operate below ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.15 Td (expectations, especially during its peak seasons, it may lose revenue or incur additional expenses, including ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.35 Td (increased purchased power expenses. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 541.55 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 527.75 Td (The inability to successfully develop or acquire generation resources to meet reliability requirements and ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 513.95 Td (other new or evolving standards or regulations could adversely impact our business.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 486.35 Td (Potential changes in regulatory standards, impacts of new and existing laws and regulations, including ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.55 Td (environmental laws and regulations, and the need to obtain various regulatory approvals create uncertainty ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.75 Td (surrounding our generation portfolio. ) Tj ET Q q 0 0 0 rg BT 226.23 458.75 Td (The current abundance of low) Tj ET Q q 0 0 0 rg BT 363.42 458.75 Td (, stably priced natural gas, together with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.95 Td (environmental and other concerns surrounding coal-fired generation resources, create strategic challenges as to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.15 Td (the appropriate generation portfolio and fuel diversification mix. In addition, ) Tj ET Q q 0 0 0 rg BT 407.50 431.15 Td (APS is required by the ) Tj ET Q q 0 0 0 rg BT 513.87 431.15 Td (ACC to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.35 Td (meet certain ener) Tj ET Q q 0 0 0 rg BT 128.46 417.35 Td (gy resource portfolio requirements, including those related to renewables development and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.55 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 403.55 Td (gy ef) Tj ET Q q 0 0 0 rg BT 92.18 403.55 Td (ficiency measures. ) Tj ET Q q 0 0 0 rg BT 183.30 403.55 Td (The development of any generation facility is subject to many risks, including ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.75 Td (those related to financing, siting, permitting, new and evolving technology) Tj ET Q q 0 0 0 rg BT 391.77 389.75 Td (, the construction of suf) Tj ET Q q 0 0 0 rg BT 500.47 389.75 Td (ficient ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.95 Td (transmission capacity to support these facilities and stresses to generation and transmission resources from the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.15 Td (intermittent generation characteristics of renewable resources. ) Tj ET Q q 0 0 0 rg BT 340.08 362.15 Td (APS) Tj ET Q q 0 0 0 rg BT 364.37 362.15 Td (s inability to adequately develop or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.35 Td (acquire the necessary generation resources could have a material adverse impact on our business and results of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.55 Td (operations.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 306.95 Td (In expressing concerns about the environmental and climate-related impacts from continued extraction, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.15 Td (transportation, delivery and combustion of fossil fuels, environmental advocacy groups and other third parties ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.35 Td (have in recent years undertaken greater ef) Tj ET Q q 0 0 0 rg BT 241.49 279.35 Td (forts to oppose the permitting and construction of fossil fuel ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.55 Td (infrastructure projects. ) Tj ET Q q 0 0 0 rg BT 159.14 265.55 Td (These ef) Tj ET Q q 0 0 0 rg BT 198.20 265.55 Td (forts may increase in scope and frequency depending on a number of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.75 Td (variables, including the future course of Federal environmental regulation and the increasing financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.95 Td (resources devoted to these opposition activities. ) Tj ET Q q 0 0 0 rg BT 274.35 237.95 Td (APS cannot predict the ef) Tj ET Q q 0 0 0 rg BT 392.30 237.95 Td (fect that any such opposition may ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.15 Td (have on our ability to develop and construct fossil fuel infrastructure projects in the future. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.35 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 196.55 Td (The lack of access to suf) Tj ET Q q 0 0 0 rg BT 165.23 196.55 Td (ficient supplies of water could have a material adverse impact on ) Tj ET Q q 0 0 0 rg BT 474.33 196.55 Td (APS) Tj ET Q q 0 0 0 rg BT 498.40 196.55 Td (s business ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 182.75 Td (and results of operations.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 155.15 Td (Assured supplies of water are important for ) Tj ET Q q 0 0 0 rg BT 287.66 155.15 Td (APS) Tj ET Q q 0 0 0 rg BT 311.95 155.15 Td (s generating plants. ) Tj ET Q q 0 0 0 rg BT 406.60 155.15 Td (W) Tj ET Q q 0 0 0 rg BT 416.53 155.15 Td (ater in the southwestern United ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.35 Td (States is limited, and various parties have made conflicting claims regarding the right to access and use such ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.55 Td (limited supply of water) Tj ET Q q 0 0 0 rg BT 155.86 127.55 Td (. Both groundwater and surface water in areas important to ) Tj ET Q q 0 0 0 rg BT 431.78 127.55 Td (APS) Tj ET Q q 0 0 0 rg BT 456.07 127.55 Td (s generating plants ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.75 Td (have been and are the subject of inquiries, claims and legal proceedings. In addition, the region in which ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 99.95 Td (APS) Tj ET Q q 0 0 0 rg BT 73.79 99.95 Td (s power plants are located is prone to drought conditions, which could potentially af) Tj ET Q q 0 0 0 rg BT 460.03 99.95 Td (fect the plants) Tj ET Q q 0 0 0 rg BT 527.51 99.95 Td ( water ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.15 Td (supplies. ) Tj ET Q q 0 0 0 rg BT 95.19 86.15 Td (APS) Tj ET Q q 0 0 0 rg BT 119.48 86.15 Td (s inability to access suf) Tj ET Q q 0 0 0 rg BT 225.95 86.15 Td (ficient supplies of water could have a material adverse impact on our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.35 Td (business and results of operations.) Tj ET Q endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (34) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 734.75 Td (W) Tj ET Q q 0 0 0 rg BT 58.87 734.75 Td (e are subject to cybersecurity risks) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 220.81 734.75 Td ( ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 223.69 734.75 Td (and risks of unauthorized access to our systems.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 707.15 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 707.15 Td (e operate in a highly regulated industry that requires the continued operation of sophisticated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td (information technology systems and network infrastructure. In the regular course of our business, we handle a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.55 Td (range of sensitive security) Tj ET Q q 0 0 0 rg BT 169.15 679.55 Td (, customer and business systems information. ) Tj ET Q q 0 0 0 rg BT 383.27 679.55 Td (There appears to be an increasing ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.75 Td (level of activity) Tj ET Q q 0 0 0 rg BT 120.92 665.75 Td (, sophistication and maturity of threat actors, in particular nation state actors, that seek to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.95 Td (exploit potential vulnerabilities in the electric utility industry and wish to disrupt the U.S. bulk power) Tj ET Q q 0 0 0 rg BT 515.04 651.95 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.15 Td (transmission and distribution system. Our information technology systems, generation \(including our Palo ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.35 Td (V) Tj ET Q q 0 0 0 rg BT 56.53 624.35 Td (erde nuclear facility\), transmission and distribution facilities, and other infrastructure facilities and systems ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.55 Td (and physical assets could be tar) Tj ET Q q 0 0 0 rg BT 193.96 610.55 Td (gets of unauthorized access and are critical areas of cyber protection for us. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 582.95 Td (Despite implementation of security measures, our technology systems are vulnerable to disability) Tj ET Q q 0 0 0 rg BT 532.51 582.95 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.15 Td (failures or unauthorized access. If a significant cybersecurity event or breach were to occur) Tj ET Q q 0 0 0 rg BT 470.84 569.15 Td (, we may not be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.35 Td (able to fulfill critical business functions and we could \(i\) experience property damage, disruptions to our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.55 Td (business, theft of or unauthorized access to customer) Tj ET Q q 0 0 0 rg BT 291.75 541.55 Td (, employee, financial or system operation information or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.75 Td (other information; \(ii\) experience loss of revenue or incur significant costs for repair) Tj ET Q q 0 0 0 rg BT 437.35 527.75 Td (, remediation and breach ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.95 Td (notification, and increased capital and operating costs to implement increased security measures? and \(iii\) be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.15 Td (subject to increased regulation, litigation and reputational damage. ) Tj ET Q q 0 0 0 rg BT 361.29 500.15 Td (These types of events could also require ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.35 Td (significant management attention and resources, and could have a material adverse impact on our financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.55 Td (condition, results of operations or cash flows.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 444.95 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 444.95 Td (e are subject to laws and rules issued by multiple government agencies concerning safeguarding and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.15 Td (maintaining the confidentiality of our security) Tj ET Q q 0 0 0 rg BT 260.49 431.15 Td (, customer and business information. One of these agencies, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.35 Td (NERC, has issued comprehensive regulations and standards surrounding the security of bulk power systems, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.55 Td (and is continually in the process of developing updated and additional requirements with which the utility ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.75 Td (industry must comply) Tj ET Q q 0 0 0 rg BT 149.06 389.75 Td (. ) Tj ET Q q 0 0 0 rg BT 157.48 389.75 Td (The NRC also has issued regulations and standards related to the protection of critical ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.95 Td (digital assets at commercial nuclear power plants. ) Tj ET Q q 0 0 0 rg BT 284.01 375.95 Td (The increasing promulgation of NERC and NRC rules and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.15 Td (standards will increase our compliance costs and our exposure to the potential risk of violations of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.35 Td (standards. Experiencing a cybersecurity incident could cause us to be non-compliant with applicable laws and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.55 Td (regulations, such as those promulgated by NERC and the NRC, or contracts that require us to securely ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.75 Td (maintain confidential data, causing us to incur costs related to legal claims or proceedings and regulatory fines ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.95 Td (or penalties.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 279.35 Td (The risk of these system-related events and security breaches occurring continues to intensify) Tj ET Q q 0 0 0 rg BT 514.59 279.35 Td (. ) Tj ET Q q 0 0 0 rg BT 520.14 279.35 Td (W) Tj ET Q q 0 0 0 rg BT 530.07 279.35 Td (e have ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.55 Td (experienced, and expect to continue to experience, threats and attempted intrusions to our information ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.75 Td (technology systems and we could experience such threats and attempted intrusions to our operational control ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.95 Td (systems. ) Tj ET Q q 0 0 0 rg BT 94.34 237.95 Td (T) Tj ET Q q 0 0 0 rg BT 100.56 237.95 Td (o date we have not experienced a material breach or disruption to our network or information ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.15 Td (systems or our service operations. However) Tj ET Q q 0 0 0 rg BT 250.24 224.15 Td (, as such attacks continue to increase in sophistication and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.35 Td (frequency) Tj ET Q q 0 0 0 rg BT 94.73 210.35 Td (, we may be unable to prevent all such attacks from being successful in the future. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 182.75 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 182.75 Td (e have obtained cyber insurance to provide coverage for a portion of the losses and damages that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.95 Td (may result from a security breach of our information technology systems, but such insurance is subject to a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.15 Td (number of exclusions and may not cover the total loss or damage caused by a breach. ) Tj ET Q q 0 0 0 rg BT 447.20 155.15 Td (The market for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.35 Td (cybersecurity insurance is relatively new and coverage available for cybersecurity events may evolve as the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.55 Td (industry matures. In the future, adequate insurance may not be available at rates that we believe are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.75 Td (reasonable, and the costs of responding to and recovering from a cyber incident may not be covered by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 99.95 Td (insurance or recoverable in rates.) Tj ET Q endstream endobj 79 0 obj <>] /Rotate 0 /Contents 80 0 R>> endobj 80 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (35) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 734.75 Td (The ownership and operation of power generation and transmission facilities on Indian lands could result ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 720.95 Td (in uncertainty related to continued leases, easements and rights-of-way) Tj ET Q q 0 0 0 rg BT 385.46 720.95 Td (, which could have a significant ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 707.15 Td (impact on our business.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 679.55 Td (Certain ) Tj ET Q q 0 0 0 rg BT 121.59 679.55 Td (APS power plants and portions of certain ) Tj ET Q q 0 0 0 rg BT 313.55 679.55 Td (APS transmission lines are located on Indian lands ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.75 Td (pursuant to leases, easements or other rights-of-way that are ef) Tj ET Q q 0 0 0 rg BT 337.33 665.75 Td (fective for specified periods. ) Tj ET Q q 0 0 0 rg BT 474.01 665.75 Td (APS is unable to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.95 Td (predict the final outcomes of pending and future approvals by the applicable sovereign governing bodies with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.15 Td (respect to renewals of these leases, easements and rights-of-way) Tj ET Q q 0 0 0 rg BT 344.13 638.15 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 624.35 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 610.55 Td (There are inherent risks in the ownership and operation of nuclear facilities, such as environmental, health, ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 596.75 Td (fuel supply) Tj ET Q q 0 0 0 rg BT 101.15 596.75 Td (, spent fuel disposal, regulatory and financial risks and the risk of terrorist attack.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 569.15 Td (APS has an ownership interest in and operates, on behalf of a group of participants, Palo ) Tj ET Q q 0 0 0 rg BT 495.37 569.15 Td (V) Tj ET Q q 0 0 0 rg BT 502.40 569.15 Td (erde, which ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.35 Td (is the lar) Tj ET Q q 0 0 0 rg BT 88.89 555.35 Td (gest nuclear electric generating facility in the United States. Palo ) Tj ET Q q 0 0 0 rg BT 392.70 555.35 Td (V) Tj ET Q q 0 0 0 rg BT 399.73 555.35 Td (erde constitutes approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.55 Td (18% of our owned and leased generation capacity) Tj ET Q q 0 0 0 rg BT 277.71 541.55 Td (. Palo ) Tj ET Q q 0 0 0 rg BT 309.45 541.55 Td (V) Tj ET Q q 0 0 0 rg BT 316.48 541.55 Td (erde is subject to environmental, health and financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.75 Td (risks, such as the ability to obtain adequate supplies of nuclear fuel; the ability to dispose of spent nuclear fuel; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.95 Td (the ability to maintain adequate reserves for decommissioning; potential liabilities arising out of the operation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.15 Td (of these facilities; the costs of securing the facilities against possible terrorist attacks; and unscheduled outages ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.35 Td (due to equipment and other problems. ) Tj ET Q q 0 0 0 rg BT 228.99 486.35 Td (APS maintains nuclear decommissioning trust funds and external ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.55 Td (insurance coverage to minimize its financial exposure to some of these risks; however) Tj ET Q q 0 0 0 rg BT 445.04 472.55 Td (, it is possible that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.75 Td (damages could exceed the amount of insurance coverage. In addition, ) Tj ET Q q 0 0 0 rg BT 374.90 458.75 Td (APS may be required under federal law ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.95 Td (to pay up to $1) Tj ET Q q 0 0 0 rg BT 118.07 444.95 Td (1) Tj ET Q q 0 0 0 rg BT 123.39 444.95 Td (1 million \(but not more than $16.6 million per year\) of liabilities arising out of a nuclear ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.15 Td (incident occurring not only at Palo ) Tj ET Q q 0 0 0 rg BT 211.54 431.15 Td (V) Tj ET Q q 0 0 0 rg BT 218.57 431.15 Td (erde, but at any other nuclear power plant in the United States. ) Tj ET Q q 0 0 0 rg BT 508.54 431.15 Td (Although ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.35 Td (we have no reason to anticipate a serious nuclear incident at Palo ) Tj ET Q q 0 0 0 rg BT 351.38 417.35 Td (V) Tj ET Q q 0 0 0 rg BT 358.41 417.35 Td (erde, if an incident did occur) Tj ET Q q 0 0 0 rg BT 490.15 417.35 Td (, it could ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.55 Td (materially and adversely af) Tj ET Q q 0 0 0 rg BT 174.14 403.55 Td (fect our results of operations and financial condition. ) Tj ET Q q 0 0 0 rg BT 422.60 403.55 Td (A) Tj ET Q q 0 0 0 rg BT 430.27 403.55 Td ( major incident at a nuclear ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.75 Td (facility anywhere in the world could cause the NRC to limit or prohibit the operation or licensing of any ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.95 Td (domestic nuclear unit and to promulgate new regulations that could require significant capital expenditures ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.15 Td (and/or increase operating costs.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 348.35 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 334.55 Td (The use of derivative contracts in the normal course of our business could result in financial losses that ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 320.75 Td (negatively impact our results of operations.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 293.15 Td (APS) Tj ET Q q 0 0 0 rg BT 109.79 293.15 Td (s operations include managing market risks related to commodity prices. ) Tj ET Q q 0 0 0 rg BT 448.97 293.15 Td (APS is exposed to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.35 Td (impact of market fluctuations in the price and transportation costs of electricity) Tj ET Q q 0 0 0 rg BT 412.49 279.35 Td (, natural gas and coal to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.55 Td (extent that unhedged positions exist. ) Tj ET Q q 0 0 0 rg BT 222.73 265.55 Td (W) Tj ET Q q 0 0 0 rg BT 232.66 265.55 Td (e have established procedures to manage risks associated with these ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.75 Td (market fluctuations by utilizing various commodity derivatives, including exchange traded futures and over) Tj ET Q q 0 0 0 rg BT 543.96 251.75 Td (-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.95 Td (the-counter forwards, options, and swaps. ) Tj ET Q q 0 0 0 rg BT 246.56 237.95 Td (As part of our overall risk management program, we enter into ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.15 Td (derivative transactions to hedge purchases and sales of electricity and fuels. ) Tj ET Q q 0 0 0 rg BT 402.80 224.15 Td (The changes in market value of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.35 Td (such contracts have a high correlation to price changes in the hedged commodity) Tj ET Q q 0 0 0 rg BT 420.47 210.35 Td (. ) Tj ET Q q 0 0 0 rg BT 428.89 210.35 Td (T) Tj ET Q q 0 0 0 rg BT 435.11 210.35 Td (o the extent that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.55 Td (commodity markets are illiquid, we may not be able to execute our risk management strategies, which could ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.75 Td (result in greater unhedged positions than we would prefer at a given time and financial losses that negatively ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.95 Td (impact our results of operations.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 155.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 141.35 Td (The Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 165.14 141.35 Td (W) Tj ET Q q 0 0 0 rg BT 175.07 141.35 Td (all Street Reform and Consumer Protection ) Tj ET Q q 0 0 0 rg BT 376.29 141.35 Td (Act \(Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 463.16 141.35 Td (Act\) contains ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.55 Td (measures aimed at increasing the transparency and stability of the over) Tj ET Q q 0 0 0 rg BT 374.99 127.55 Td (-the counter) Tj ET Q q 0 0 0 rg BT 429.77 127.55 Td (, or OTC, derivative markets ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.75 Td (and preventing excessive speculation. ) Tj ET Q q 0 0 0 rg BT 225.89 113.75 Td (The Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 305.10 113.75 Td (Act could restrict, among other things, trading positions ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 99.95 Td (in the ener) Tj ET Q q 0 0 0 rg BT 97.83 99.95 Td (gy futures markets, require dif) Tj ET Q q 0 0 0 rg BT 237.17 99.95 Td (ferent collateral or settlement positions, or increase regulatory ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.15 Td (reporting over derivative positions. Based on the provisions included in the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 456.73 86.15 Td (Act and the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.35 Td (implementation of regulations, these changes could, among other things, impact our ability to hedge ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.55 Td (commodity price and interest rate risk or increase the costs associated with our hedging programs.) Tj ET Q endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (36) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 734.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 720.75 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 720.75 Td (e are exposed to losses in the event of nonperformance or nonpayment by counterparties. ) Tj ET Q q 0 0 0 rg BT 510.37 720.75 Td (W) Tj ET Q q 0 0 0 rg BT 520.31 720.75 Td (e use a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (risk management process to assess and monitor the financial exposure of all counterparties. Despite the fact ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (that the majority of ) Tj ET Q q 0 0 0 rg BT 140.21 693.15 Td (APS) Tj ET Q q 0 0 0 rg BT 164.50 693.15 Td (s trading counterparties are rated as investment grade by the rating agencies, there is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (still a possibility that one or more of these companies could default, which could result in a material adverse ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (impact on our earnings for a given period.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 651.75 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (Changes in technology could create challenges for ) Tj ET Q q 0 0 0 rg BT 291.54 637.95 Td (APS) Tj ET Q q 0 0 0 rg BT 315.60 637.95 Td (s existing business.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 610.35 Td (Alternative ener) Tj ET Q q 0 0 0 rg BT 159.69 610.35 Td (gy technologies that produce power or reduce power consumption or emissions are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (being developed and commercialized, including renewable technologies such as photovoltaic \(solar\) cells, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (customer) Tj ET Q q 0 0 0 rg BT 91.42 582.75 Td (-sited generation, ener) Tj ET Q q 0 0 0 rg BT 193.71 582.75 Td (gy storage \(batteries\), and ef) Tj ET Q q 0 0 0 rg BT 324.74 582.75 Td (ficiency technologies. ) Tj ET Q q 0 0 0 rg BT 430.77 582.75 Td (Advances in technology and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (equipment/appliance ef) Tj ET Q q 0 0 0 rg BT 156.90 568.95 Td (ficiency could reduce the demand for supply from conventional generation and increase ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (the complexity of managing ) Tj ET Q q 0 0 0 rg BT 181.08 555.15 Td (APS's information technology and power system operations, which could ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (adversely af) Tj ET Q q 0 0 0 rg BT 105.17 541.35 Td (fect ) Tj ET Q q 0 0 0 rg BT 124.64 541.35 Td (APS) Tj ET Q q 0 0 0 rg BT 148.93 541.35 Td (s business.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 527.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 513.75 Td (APS continues to pursue and implement advanced grid technologies, including transmission and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (distribution system technologies and digital meters enabling two-way communications between the utility and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (its customers. Many of the products and processes resulting from these and other alternative technologies have ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (not yet been widely used or tested on a long-term basis, and their use on lar) Tj ET Q q 0 0 0 rg BT 396.13 472.35 Td (ge-scale systems is not as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (established or mature as ) Tj ET Q q 0 0 0 rg BT 162.56 458.55 Td (APS) Tj ET Q q 0 0 0 rg BT 186.85 458.55 Td (s existing technologies and equipment. ) Tj ET Q q 0 0 0 rg BT 370.93 458.55 Td (The implementation of new and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.75 Td (additional technologies adds complexity to our information technology and operational technology systems, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (which could require additional infrastructure and resources. ) Tj ET Q q 0 0 0 rg BT 329.35 430.95 Td (W) Tj ET Q q 0 0 0 rg BT 339.74 430.95 Td (idespread installation and acceptance of new ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (technologies could also enable the entry of new market participants, such as technology companies, into the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td (interface between ) Tj ET Q q 0 0 0 rg BT 133.15 403.35 Td (APS and its customers and could have other unpredictable ef) Tj ET Q q 0 0 0 rg BT 413.02 403.35 Td (fects on ) Tj ET Q q 0 0 0 rg BT 451.35 403.35 Td (APS) Tj ET Q q 0 0 0 rg BT 475.64 403.35 Td (s traditional ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td (business model.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 361.95 Td (Deployment of renewable ener) Tj ET Q q 0 0 0 rg BT 227.38 361.95 Td (gy technologies is expected to continue across the western states and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td (result in a lar) Tj ET Q q 0 0 0 rg BT 109.65 348.15 Td (ger portion of the overall ener) Tj ET Q q 0 0 0 rg BT 247.07 348.15 Td (gy production coming from these sources. ) Tj ET Q q 0 0 0 rg BT 446.15 348.15 Td (These trends, which ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.35 Td (have benefited from historical and continuing government support for certain technologies, have the potential ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (to put downward pressure on wholesale power prices throughout the western states which could make ) Tj ET Q q 0 0 0 rg BT 520.57 320.55 Td (APS's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (existing generating facilities less economical and impact their operational patterns and long-term viability) Tj ET Q q 0 0 0 rg BT 535.45 306.75 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 292.95 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 279.15 Td (W) Tj ET Q q 0 0 0 rg BT 58.87 279.15 Td (e are subject to employee workforce factors that could adversely af) Tj ET Q q 0 0 0 rg BT 372.94 279.15 Td (fect our business and financial ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 265.35 Td (condition.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 237.75 Td (Like many companies in the electric utility industry) Tj ET Q q 0 0 0 rg BT 322.68 237.75 Td (, our workforce is maturing, with approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.95 Td (30% of employees eligible to retire by the end of 2020. ) Tj ET Q q 0 0 0 rg BT 308.51 223.95 Td (Although we have undertaken ef) Tj ET Q q 0 0 0 rg BT 458.39 223.95 Td (forts to recruit, train ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.15 Td (and develop new employees, we face increased competition for talent. ) Tj ET Q q 0 0 0 rg BT 377.88 210.15 Td (W) Tj ET Q q 0 0 0 rg BT 387.81 210.15 Td (e are subject to other employee ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.35 Td (workforce factors, such as the availability of qualified personnel, the need to negotiate collective bar) Tj ET Q q 0 0 0 rg BT 511.68 196.35 Td (gaining ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.55 Td (agreements with union employees and potential work stoppages. ) Tj ET Q q 0 0 0 rg BT 352.06 182.55 Td (These or other employee workforce factors ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.75 Td (could negatively impact our business, financial condition or results of operations.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 154.95 Td () Tj ET Q endstream endobj 83 0 obj <>] /Rotate 0 /Contents 84 0 R>> endobj 84 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (37) Tj ET Q BT /F2 11.50 Tf ET 0 0 0 RG /GS0 gs 1.09 w 0 i [] 0 d 1 J 1 j 3 M 49.5 732.9503173828125 m 151.43115234375 732.9503173828125 l s q 0 0 0 rg BT 49.50 734.75 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 114.04 734.75 Td ( RISKS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.95 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 707.15 Td (Financial market disruptions or new rulesor regulations may increase our financing costs or limit our ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td (access to various financial markets, which may adversely af) Tj ET Q q 0 0 0 rg BT 331.99 693.35 Td (fect our liquidity and our ability to implement ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 679.55 Td (our financial strategy) Tj ET Q q 0 0 0 rg BT 151.31 679.55 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 651.95 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 651.95 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 651.95 Td (est and ) Tj ET Q q 0 0 0 rg BT 172.20 651.95 Td (APS rely on access to credit markets as a significant source of liquidity and the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.15 Td (capital markets for capital requirements not satisfied by cash flow from our operations. ) Tj ET Q q 0 0 0 rg BT 455.19 638.15 Td (W) Tj ET Q q 0 0 0 rg BT 465.12 638.15 Td (e believe that we ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.35 Td (will maintain suf) Tj ET Q q 0 0 0 rg BT 127.23 624.35 Td (ficient access to these financial markets. However) Tj ET Q q 0 0 0 rg BT 359.87 624.35 Td (, certain market disruptions or rulesor ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.55 Td (regulations may cause our cost of borrowing to increase generally) Tj ET Q q 0 0 0 rg BT 351.81 610.55 Td (, and/or otherwise adversely af) Tj ET Q q 0 0 0 rg BT 493.06 610.55 Td (fect our ability ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.75 Td (to access these financial markets.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 582.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 569.15 Td (In addition, the credit commitments of our lenders under our bank facilities may not be satisfied or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.35 Td (continued beyond current commitment periods for a variety of reasons, including new rules and regulations, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.55 Td (periods of financial distress or liquidity issues af) Tj ET Q q 0 0 0 rg BT 272.55 541.55 Td (fecting our lenders or financial markets, which could ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.75 Td (materially adversely af) Tj ET Q q 0 0 0 rg BT 154.66 527.75 Td (fect the adequacy of our liquidity sources and the cost of maintaining these sources.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 513.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 500.15 Td (Changes in economic conditions, monetary policy) Tj ET Q q 0 0 0 rg BT 315.35 500.15 Td (, financial regulation or other factors could result in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.35 Td (higher interest rates, which would increase interest expense on our existing variable rate debt and new debt we ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.55 Td (expect to issue in the future, and thus reduce funds available to us for our current plans.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 444.95 Td (Additionally) Tj ET Q q 0 0 0 rg BT 142.89 444.95 Td (, an increase in our leverage, whether as a result of these factors or otherwise, could ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.15 Td (adversely af) Tj ET Q q 0 0 0 rg BT 105.17 431.15 Td (fect us by:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 403.55 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 403.55 Td (causing a downgrade of our credit ratings;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 389.75 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 389.75 Td (increasing the cost of future debt financing and refinancing;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 375.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 375.95 Td (increasing our vulnerability to adverse economic and industry conditions; and) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 362.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 362.15 Td (requiring us to dedicate an increased portion of our cash flow from operations to payments on our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 348.35 Td (debt, which would reduce funds available to us for operations, future investment in our business or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 334.55 Td (other purposes.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 306.95 Td (A) Tj ET Q q 0 0 0 rg BT 56.54 306.95 Td ( downgrade of our credit ratings could materially and adversely af) Tj ET Q q 0 0 0 rg BT 369.39 306.95 Td (fect our business, financial condition ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 293.15 Td (and results of operations.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 265.55 Td (Our current ratings are set forth in Liquidity and Capital Resources Credit Ratings in Item7. ) Tj ET Q q 0 0 0 rg BT 541.04 265.55 Td (W) Tj ET Q q 0 0 0 rg BT 550.97 265.55 Td (e ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.75 Td (cannot be sure that any of our current ratings will remain in ef) Tj ET Q q 0 0 0 rg BT 334.78 251.75 Td (fect for any given period of time or that a rating ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.95 Td (will not be lowered or withdrawn entirely by a rating agency if, in its judgment, circumstances in the future so ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.15 Td (warrant. ) Tj ET Q q 0 0 0 rg BT 92.61 224.15 Td (Any downgrade or withdrawal could adversely af) Tj ET Q q 0 0 0 rg BT 320.41 224.15 Td (fect the market price of Pinnacle ) Tj ET Q q 0 0 0 rg BT 472.83 224.15 Td (W) Tj ET Q q 0 0 0 rg BT 482.77 224.15 Td (est) Tj ET Q q 0 0 0 rg BT 498.74 224.15 Td (s and ) Tj ET Q q 0 0 0 rg BT 524.93 224.15 Td (APS) Tj ET Q q 0 0 0 rg BT 549.22 224.15 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.35 Td (securities, limit our access to capital and increase our borrowing costs, which would diminish our financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.55 Td (results. ) Tj ET Q q 0 0 0 rg BT 87.94 196.55 Td (W) Tj ET Q q 0 0 0 rg BT 97.88 196.55 Td (e would be required to pay a higher interest rate for future financings, and our potential pool of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.75 Td (investors and funding sources could decrease. In addition, borrowing costs under our existing credit facilities ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.95 Td (depend on our credit ratings. ) Tj ET Q q 0 0 0 rg BT 186.51 168.95 Td (A) Tj ET Q q 0 0 0 rg BT 194.18 168.95 Td ( downgrade could also require us to provide additional support in the form of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.15 Td (letters of credit or cash or other collateral to various counterparties. If our short-term ratings were to be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.35 Td (lowered, it could severely limit access to the commercial paper market. ) Tj ET Q q 0 0 0 rg BT 382.67 141.35 Td (W) Tj ET Q q 0 0 0 rg BT 392.61 141.35 Td (e note that the ratings from rating ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.55 Td (agencies are not recommendations to buy) Tj ET Q q 0 0 0 rg BT 239.40 127.55 Td (, sell or hold our securities and that each rating should be evaluated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.75 Td (independently of any other rating.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 99.95 Td () Tj ET Q endstream endobj 85 0 obj <>] /Rotate 0 /Contents 86 0 R>> endobj 86 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (38) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 734.75 Td (Investment performance, changing interest rates and other economic, social and political factors could ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 720.95 Td (decrease the value of our benefit plan assets and nuclear decommissioning trust funds or increase the ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 707.15 Td (valuation of our related obligations, resulting in significant additional funding requirements. ) Tj ET Q q 0 0 0 rg BT 495.97 707.15 Td (W) Tj ET Q q 0 0 0 rg BT 505.34 707.15 Td (e are also ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td (subject to risks related to the provision of employee healthcare benefits and healthcare reform legislation. ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 679.55 Td (Any inability to fully recover these costs in our utility rates would negatively impact our financial condition.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 651.95 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 651.95 Td (e have significant pension plan and other postretirement benefits plan obligations to our employees ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.15 Td (and retirees, and legal obligations to fund our pension trust and nuclear decommissioning trusts for Palo ) Tj ET Q q 0 0 0 rg BT 530.61 638.15 Td (V) Tj ET Q q 0 0 0 rg BT 537.64 638.15 Td (erde. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.35 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 624.35 Td (e hold and invest substantial assets in these trusts that are designed to provide funds to pay for certain of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.55 Td (these obligations as they arise. Declines in market values of the fixed income and equity securities held in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.75 Td (these trusts may increase our funding requirements into the related trusts. ) Tj ET Q q 0 0 0 rg BT 391.54 596.75 Td (Additionally) Tj ET Q q 0 0 0 rg BT 448.93 596.75 Td (, the valuation of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.95 Td (liabilities related to our pension plan and other postretirement benefit plans are impacted by a discount rate, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.15 Td (which is the interest rate used to discount future pension and other postretirement benefit obligations. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.35 Td (Declining interest rates decrease the discount rate, increase the valuation of the plan liabilities and may result ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.55 Td (in increases in pension and other postretirement benefit costs, cash contributions, regulatory assets, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.75 Td (char) Tj ET Q q 0 0 0 rg BT 69.08 527.75 Td (ges to OCI. Changes in demographics, including increased number of retirements or changes in life ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.95 Td (expectancy and changes in other actuarial assumptions, may also result in similar impacts. ) Tj ET Q q 0 0 0 rg BT 470.21 513.95 Td (The minimum ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.15 Td (contributions required under these plans are impacted by federal legislation and related regulations. Increasing ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.35 Td (liabilities or otherwise increasing funding requirements under these plans, resulting from adverse changes in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.55 Td (legislation or otherwise, could result in significant cash funding obligations that could have a material impact ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.75 Td (on our financial position, results of operations or cash flows.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 444.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 431.15 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 431.15 Td (e recover most of the pension costs and other postretirement benefit costs and all of the nuclear ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.35 Td (decommissioning costs in our regulated rates. ) Tj ET Q q 0 0 0 rg BT 264.77 417.35 Td (Any inability to fully recover these costs in a timely manner ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.55 Td (would have a material negative impact on our financial condition, results of operations or cash flows.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 389.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 375.95 Td (Employee healthcare costs in recent years have continued to rise. ) Tj ET Q q 0 0 0 rg BT 390.57 375.95 Td (While most of the Patient Protection ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.15 Td (and ) Tj ET Q q 0 0 0 rg BT 68.35 362.15 Td (Af) Tj ET Q q 0 0 0 rg BT 80.27 362.15 Td (fordable Care ) Tj ET Q q 0 0 0 rg BT 145.41 362.15 Td (Act provisions have been implemented, changes to that ) Tj ET Q q 0 0 0 rg BT 401.87 362.15 Td (Act or other potential legislation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.35 Td (could increase costs of providing medical insurance for our employees. ) Tj ET Q q 0 0 0 rg BT 382.27 348.35 Td (Any potential changes and resulting ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.55 Td (cost impacts cannot be determined with certainty at this time.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 320.75 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 306.95 Td (Our cash flow depends on the performance of ) Tj ET Q q 0 0 0 rg BT 268.86 306.95 Td (APS.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 279.35 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 279.35 Td (e derive essentially all of our revenues and earnings from our wholly-owned subsidiary) Tj ET Q q 0 0 0 rg BT 495.80 279.35 Td (, ) Tj ET Q q 0 0 0 rg BT 500.92 279.35 Td (APS. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.55 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 106.24 265.55 Td (, our cash flow and our ability to pay dividends on our common stock is dependent upon the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.75 Td (earnings and cash flows of ) Tj ET Q q 0 0 0 rg BT 174.37 251.75 Td (APS and its distributions to us. ) Tj ET Q q 0 0 0 rg BT 321.99 251.75 Td (APS is a separate and distinct legal entity and has ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.95 Td (no obligation to make distributions to us.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 224.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 210.35 Td (APS) Tj ET Q q 0 0 0 rg BT 109.79 210.35 Td (s financing agreements may restrict its ability to pay dividends, make distributions or otherwise ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.55 Td (transfer funds to us. In addition, an ) Tj ET Q q 0 0 0 rg BT 215.58 196.55 Td (ACC financing order requires ) Tj ET Q q 0 0 0 rg BT 354.83 196.55 Td (APS to maintain a common equity ratio of at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.75 Td (least 40% and does not allow ) Tj ET Q q 0 0 0 rg BT 186.20 182.75 Td (APS to pay common dividends if the payment would reduce its common equity ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.95 Td (below that threshold. ) Tj ET Q q 0 0 0 rg BT 151.82 168.95 Td (The common equity ratio, as defined in the ) Tj ET Q q 0 0 0 rg BT 352.06 168.95 Td (ACC order) Tj ET Q q 0 0 0 rg BT 402.39 168.95 Td (, is total shareholder equity ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.15 Td (divided by the sum of total shareholder equity and long-term debt, including current maturities of long-term ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.35 Td (debt.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.55 Td () Tj ET Q endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (39) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 734.75 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 94.33 734.75 Td (W) Tj ET Q q 0 0 0 rg BT 103.71 734.75 Td (est) Tj ET Q q 0 0 0 rg BT 119.46 734.75 Td (s ability to meet its debt service obligations could be adversely af) Tj ET Q q 0 0 0 rg BT 422.36 734.75 Td (fected because its debt ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 720.95 Td (securities are structurally subordinated to the debt securities and other obligations of its subsidiaries.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.35 Td (Because Pinnacle ) Tj ET Q q 0 0 0 rg BT 168.96 693.35 Td (W) Tj ET Q q 0 0 0 rg BT 178.89 693.35 Td (est is structured as a holding company) Tj ET Q q 0 0 0 rg BT 353.80 693.35 Td (, all existing and future debt and other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.55 Td (liabilities of our subsidiaries will be ef) Tj ET Q q 0 0 0 rg BT 226.23 679.55 Td (fectively senior in right of payment to our debt securities. ) Tj ET Q q 0 0 0 rg BT 496.21 679.55 Td (The assets ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.75 Td (and cash flows of our subsidiaries will be available, in the first instance, to service their own debt and other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.95 Td (obligations. Our ability to have the benefit of their cash flows, particularly in the case of any insolvency or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.15 Td (financial distress af) Tj ET Q q 0 0 0 rg BT 138.71 638.15 Td (fecting our subsidiaries, would arise only through our equity ownership interests in our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.35 Td (subsidiaries and only after their creditors have been satisfied.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 610.55 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 596.75 Td (The market price of our common stock may be volatile.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 569.15 Td (The market price of our common stock could be subject to significant fluctuations in response to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.35 Td (factors such as the following, some of which are beyond our control:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 541.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 527.75 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 527.75 Td (variations in our quarterly operating results;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 513.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 513.95 Td (operating results that vary from the expectations of management, securities analysts and investors;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 500.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 500.15 Td (changes in expectations as to our future financial performance, including financial estimates by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 486.35 Td (securities analysts and investors;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 472.55 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 472.55 Td (developments generally af) Tj ET Q q 0 0 0 rg BT 224.64 472.55 Td (fecting industries in which we operate;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 458.75 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 458.75 Td (announcements by us or our competitors of significant contracts, acquisitions, joint marketing ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 444.95 Td (relationships, joint ventures or capital commitments;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 431.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 431.15 Td (announcements by third parties of significant claims or proceedings against us;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 417.35 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 417.35 Td (favorable or adverse regulatory or legislative developments;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 403.55 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 403.55 Td (our dividend policy;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 389.75 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 389.75 Td (future sales by the Company of equity or equity-linked securities; and) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 375.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 375.95 Td (general domestic and international economic conditions.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 348.35 Td (In addition, the stock market in general has experienced volatility that has often been unrelated to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.55 Td (operating performance of a particular company) Tj ET Q q 0 0 0 rg BT 265.56 334.55 Td (. ) Tj ET Q q 0 0 0 rg BT 273.97 334.55 Td (These broad market fluctuations may adversely af) Tj ET Q q 0 0 0 rg BT 503.68 334.55 Td (fect the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.75 Td (market price of our common stock.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 306.95 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 293.15 Td (Certain provisions of our articles of incorporation and bylaws and of ) Tj ET Q q 0 0 0 rg BT 377.83 293.15 Td (Arizona law make it dif) Tj ET Q q 0 0 0 rg BT 488.17 293.15 Td (ficult for ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 279.35 Td (shareholders to change the composition of our board and may discourage takeover attempts.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 251.75 Td (These provisions, which could preclude our shareholders from receiving a change of control premium, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.95 Td (include the following:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 221.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 221.15 Td (restrictions on our ability to engage in a wide range of business combination transactions with an ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 207.35 Td (interested shareholder \(generally) Tj ET Q q 0 0 0 rg BT 263.67 207.35 Td (, any person who owns 10% or more of our outstanding voting ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 193.55 Td (power or any of our af) Tj ET Q q 0 0 0 rg BT 206.43 193.55 Td (filiates or associates\) or any af) Tj ET Q q 0 0 0 rg BT 346.41 193.55 Td (filiate or associate of an interested ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 179.75 Td (shareholder) Tj ET Q q 0 0 0 rg BT 156.68 179.75 Td (, unless specific conditions are met;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 162.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 162.95 Td (anti-greenmail provisions of ) Tj ET Q q 0 0 0 rg BT 236.05 162.95 Td (Arizona law and our bylaws that prohibit us from purchasing shares of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 149.15 Td (our voting stock from beneficial owners of more than 5% of our outstanding shares unless specified ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 135.35 Td (conditions are satisfied;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 118.55 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 118.55 Td (the ability of the Board of Directors to increase the size of the Board of Directors and fill vacancies ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 104.75 Td (on the Board of Directors, whether resulting from such increase, or from death, resignation, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 90.95 Td (disqualification or otherwise; and) Tj ET Q endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (40) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 734.55 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 734.55 Td (the ability of our Board of Directors to issue additional shares of common stock and shares of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 720.75 Td (preferred stock and to determine the price and, with respect to preferred stock, the other terms, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 706.95 Td (including preferences and voting rights, of those shares without shareholder approval.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 679.35 Td (While these provisions have the ef) Tj ET Q q 0 0 0 rg BT 244.01 679.35 Td (fect of encouraging persons seeking to acquire control of us to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (negotiate with our Board of Directors, they could enable the Board of Directors to hinder or frustrate a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (transaction that some, or a majority) Tj ET Q q 0 0 0 rg BT 211.63 651.75 Td (, of our shareholders might believe to be in their best interests and, in that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (case, may prevent or discourage attempts to remove and replace incumbent directors.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (Our financial results could be adversely af) Tj ET Q q 0 0 0 rg BT 250.54 610.35 Td (fected if 4CA) Tj ET Q q 0 0 0 rg BT 311.86 610.35 Td ( is unable to reach resolution with NTEC regarding ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (the future ownership of 4CA) Tj ET Q q 0 0 0 rg BT 184.12 596.55 Td () Tj ET Q q 0 0 0 rg BT 187.10 596.55 Td (s 7% interest in Four Corners and NTEC is unwilling or unable to satisfy its ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (contractual obligations.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 558.95 Td (On July 6, 2016, 4CA) Tj ET Q q 0 0 0 rg BT 185.82 558.95 Td ( purchased El Paso) Tj ET Q q 0 0 0 rg BT 276.20 558.95 Td (s 7% interest in Four Corners. NTEC had the option to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 545.15 Td (purchase the 7% interest within a certain timeframe pursuant to an option granted to NTEC. On December 29, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 531.35 Td (2015, NTEC provided notice of its intent to exercise the option. ) Tj ET Q q 0 0 0 rg BT 348.24 531.35 Td (The purchase did not occur during the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 517.55 Td (originally contemplated timeframe. ) Tj ET Q q 0 0 0 rg BT 217.59 517.55 Td (The parties are currently in discussions as to the future of the option ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 503.75 Td (transaction. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 479.95 Td (The 2016 Coal Supply ) Tj ET Q q 0 0 0 rg BT 191.56 479.95 Td (Agreement contains alternate pricing terms for the 7% interest in the event ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 466.15 Td (NTEC does not purchase the interest. ) Tj ET Q q 0 0 0 rg BT 226.44 466.15 Td (At this time, since NTEC has not yet purchased the 7% interest, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 452.35 Td (alternate pricing provisions are applicable to 4CA) Tj ET Q q 0 0 0 rg BT 278.16 452.35 Td ( as the holder of the 7% interest. ) Tj ET Q q 0 0 0 rg BT 432.52 452.35 Td (These terms include a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 438.55 Td (formula under which NTEC must make certain payments to 4CA) Tj ET Q q 0 0 0 rg BT 348.76 438.55 Td ( for reimbursement of operations and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 424.75 Td (maintenance costs and a specified rate of return, of) Tj ET Q q 0 0 0 rg BT 283.35 424.75 Td (fset by revenue generated by 4CA) Tj ET Q q 0 0 0 rg BT 438.86 424.75 Td () Tj ET Q q 0 0 0 rg BT 442.06 424.75 Td (s power sales. Such ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 410.95 Td (payments are due to 4CA) Tj ET Q q 0 0 0 rg BT 165.75 410.95 Td ( at the end of each calendar year) Tj ET Q q 0 0 0 rg BT 313.57 410.95 Td (. ) Tj ET Q q 0 0 0 rg BT 321.56 410.95 Td (A) Tj ET Q q 0 0 0 rg BT 329.23 410.95 Td ( $10 million payment was due to 4CA) Tj ET Q q 0 0 0 rg BT 503.96 410.95 Td ( at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 397.15 Td (December 31, 2017, which NTEC satisfied by directing to 4CA) Tj ET Q q 0 0 0 rg BT 341.74 397.15 Td ( a prepayment from ) Tj ET Q q 0 0 0 rg BT 434.35 397.15 Td (APS of a portion of a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 383.35 Td (future mine reclamation obligation. ) Tj ET Q q 0 0 0 rg BT 217.91 383.35 Td (The balance of the amount under this formula at December 31, 2017 is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 369.55 Td (approximately $20 million, which is due to 4CA) Tj ET Q q 0 0 0 rg BT 271.82 369.55 Td ( at December 31, 2018. In future years there may be similar ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 355.75 Td (payments due from NTEC to 4CA) Tj ET Q q 0 0 0 rg BT 206.97 355.75 Td ( under this formula. 4CA) Tj ET Q q 0 0 0 rg BT 324.52 355.75 Td ( believes NTEC should continue to satisfy its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 341.95 Td (contractual obligations related to these payments; however) Tj ET Q q 0 0 0 rg BT 319.21 341.95 Td (, if NTEC fails to meet its contractual obligations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 328.15 Td (when due, 4CA) Tj ET Q q 0 0 0 rg BT 120.73 328.15 Td ( will consider appropriate measures.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 304.35 Td (If NTEC is unwilling or unable to ultimately assume ownership of the 7% interest of Four Corners on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 290.55 Td (terms acceptable to 4CA, and if NTEC is unwilling or unable to satisfy its contractual obligations related to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 276.75 Td (payments owed to 4CA) Tj ET Q q 0 0 0 rg BT 157.15 276.75 Td ( under the 2016 Coal Supply ) Tj ET Q q 0 0 0 rg BT 291.31 276.75 Td (Agreement, 4CA) Tj ET Q q 0 0 0 rg BT 369.24 276.75 Td ( will consider potential impacts to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 262.95 Td (Company) Tj ET Q q 0 0 0 rg BT 97.42 262.95 Td (s financial statements, which may negatively impact our financial condition, results of operations or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 249.15 Td (cash flows. 4CA) Tj ET Q q 0 0 0 rg BT 128.08 249.15 Td ( and NTEC are in active discussions regarding these matters and cannot predict the outcome ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 235.35 Td (of those discussions.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 183.80 197.75 Td (ITEM 1B. UNRESOL) Tj ET Q q 0 0 0 rg BT 293.93 197.75 Td (VED ST) Tj ET Q q 0 0 0 rg BT 334.30 197.75 Td (AFF) Tj ET Q q 0 0 0 rg BT 356.23 197.75 Td ( COMMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 183.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 170.15 Td (Neither Pinnacle ) Tj ET Q q 0 0 0 rg BT 165.13 170.15 Td (W) Tj ET Q q 0 0 0 rg BT 175.06 170.15 Td (est nor ) Tj ET Q q 0 0 0 rg BT 208.28 170.15 Td (APS has received written comments regarding its periodic or current reports ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 156.35 Td (from the SEC staf) Tj ET Q q 0 0 0 rg BT 132.02 156.35 Td (f that were issued 180 days or more preceding the end of its 2017 fiscal year and that remain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 142.55 Td (unresolved.) Tj ET Q endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (41) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 245.45 734.75 Td (ITEM 2. PROPER) Tj ET Q q 0 0 0 rg BT 340.24 734.75 Td (TIES) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 720.95 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 707.15 Td (Generation Facilities) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 679.55 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 651.95 Td (APS) Tj ET Q q 0 0 0 rg BT 109.79 651.95 Td (s portfolio of owned and leased generating facilities is provided in the table below: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 613.45 177.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 613.45 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 613.45 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 613.45 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 613.45 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 613.45 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 613.45 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 613.45 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 613.45 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 613.45 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 613.45 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 584.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 584.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 584.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 584.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 584.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 584.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 584.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 584.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 584.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 584.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 584.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 555.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 555.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 555.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 555.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 555.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 555.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 555.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 555.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 555.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 555.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 555.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 525.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 525.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 525.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 525.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 525.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 525.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 525.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 525.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 525.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 525.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 525.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 495.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 495.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 495.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 495.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 495.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 495.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 495.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 495.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 495.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 495.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 495.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 466.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 466.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 466.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 466.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 466.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 466.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 466.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 466.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 466.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 466.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 466.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 436.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 436.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 436.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 436.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 436.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 436.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 436.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 436.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 436.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 436.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 436.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 407.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 407.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 407.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 407.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 407.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 407.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 407.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 407.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 407.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 407.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 407.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 377.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 377.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 377.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 377.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 377.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 377.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 377.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 377.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 377.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 377.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 377.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 347.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 347.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 347.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 347.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 347.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 347.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 347.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 347.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 347.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 347.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 347.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 317.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 317.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 317.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 317.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 317.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 317.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 317.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 317.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 317.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 317.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 317.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 287.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 287.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 287.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 287.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 287.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 287.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 287.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 287.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 287.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 287.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 287.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 258.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 258.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 258.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 258.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 258.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 258.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 258.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 258.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 258.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 258.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 258.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 228.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 228.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 228.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 228.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 228.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 228.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 228.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 228.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 228.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 228.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 228.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 198.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 198.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 198.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 198.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 198.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 198.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 198.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 198.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 198.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 198.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 198.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 168.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 168.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 168.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 168.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 168.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 168.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 168.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 168.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 168.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 168.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 168.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 138.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 138.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 138.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 138.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 138.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 138.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 138.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 138.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 138.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 138.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 138.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 108.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 108.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 108.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 108.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 108.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 108.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 108.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 108.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 108.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 108.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 108.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 78.45 177.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 78.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 78.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 78.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.00 78.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 78.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 78.45 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 78.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 78.45 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 78.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 78.45 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 613.45 m 227 613.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 613.45 m 291 613.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295 613.45 m 355 613.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 613.45 m 419 613.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423 613.45 m 498 613.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 613.45 m 562 613.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 584.45 m 562 584.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 569.45 m 562 569.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 495.45000000000005 m 562 495.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 480.45000000000005 m 562 480.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 436.45000000000005 m 562 436.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 421.45000000000005 m 562 421.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 287.45000000000005 m 562 287.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 272.45000000000005 m 562 272.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 78.45000000000005 m 562 78.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 63.450000000000045 m 562 63.450000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 49.450000000000045 m 562 49.450000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 47.450000000000045 m 562 47.450000000000045 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 617.68 Td (Name) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.25 625.68 Td (No.of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.35 617.68 Td (Units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 625.68 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.60 617.68 Td (Owned\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.70 633.53 Td (Principal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.35 625.53 Td (Fuels) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.05 617.53 Td (Used) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.55 633.53 Td (Primary) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.85 625.53 Td (Dispatch) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.60 617.53 Td (T) Tj ET Q q 0 0 0 rg BT 456.34 617.53 Td (ype) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.25 633.53 Td (Owned) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.15 625.53 Td (Capacity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.05 617.53 Td (\(MW\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 604.18 Td (Nuclear:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 287.50 602.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 602.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 415.50 602.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 494.50 602.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 602.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 590.02 Td (Palo ) Tj ET Q q 0 0 0 rg BT 78.69 590.02 Td (V) Tj ET Q q 0 0 0 rg BT 85.27 590.02 Td (erde \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 589.12 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 589.12 Td (29.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.15 589.12 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.70 589.12 Td (Uranium) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.75 589.12 Td (Base Load) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 589.12 Td (1,146) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 575.18 Td (T) Tj ET Q q 0 0 0 rg BT 58.71 575.18 Td (otal Nuclear) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 260.50 572.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 572.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 388.50 572.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 460.00 572.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 574.12 Td (1,146) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 560.18 Td (Steam:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 260.50 558.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 558.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 388.50 558.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 460.00 558.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 558.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 546.02 Td (Four Corners 4, 5 \(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 545.12 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 545.12 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.15 545.12 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.05 545.12 Td (Coal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.75 545.12 Td (Base Load) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 545.12 Td (970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 531.02 Td (Cholla 1,3 \(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 530.12 Td (2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 528.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.05 530.12 Td (Coal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.75 530.12 Td (Base Load) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 530.12 Td (387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 516.02 Td (Navajo \(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 515.12 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 515.12 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.15 515.12 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.05 515.12 Td (Coal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.75 515.12 Td (Base Load) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 515.12 Td (315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 501.02 Td (Ocotillo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 500.12 Td (2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 498.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.70 500.12 Td (Gas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.85 500.12 Td (Peaking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 500.12 Td (220) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 486.18 Td (T) Tj ET Q q 0 0 0 rg BT 58.71 486.18 Td (otal Steam) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 260.50 483.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 483.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 388.50 483.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 460.00 483.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 485.12 Td (1,892) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 471.18 Td (Combined Cycle:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 260.50 469.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 469.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 388.50 469.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 460.00 469.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 469.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 457.02 Td (Redhawk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 456.12 Td (2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 454.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.70 456.12 Td (Gas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.90 456.12 Td (Load Following) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 456.12 Td (984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 442.02 Td (W) Tj ET Q q 0 0 0 rg BT 67.54 442.02 Td (est Phoenix) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 441.12 Td (5) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 439.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.70 441.12 Td (Gas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.90 441.12 Td (Load Following) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 441.12 Td (887) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 427.18 Td (T) Tj ET Q q 0 0 0 rg BT 58.71 427.18 Td (otal Combined Cycle) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 260.50 424.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 424.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 388.50 424.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 460.00 424.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 426.12 Td (1,871) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 412.18 Td (Combustion T) Tj ET Q q 0 0 0 rg BT 110.94 412.18 Td (urbine:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 260.50 410.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 410.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 388.50 410.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 460.00 410.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 410.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 398.02 Td (Ocotillo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 397.12 Td (2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 395.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.70 397.12 Td (Gas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.85 397.12 Td (Peaking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 397.12 Td (1) Tj ET Q q 0 0 0 rg BT 548.15 397.12 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 383.02 Td (Saguaro) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 382.12 Td (3) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 380.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.70 382.12 Td (Gas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.85 382.12 Td (Peaking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 382.12 Td (189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 368.02 Td (Fairview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 367.12 Td (1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 365.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.10 367.12 Td (Oil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.85 367.12 Td (Peaking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 367.12 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 353.02 Td (Sundance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.50 352.12 Td (10) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 350.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.70 352.12 Td (Gas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.85 352.12 Td (Peaking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 352.12 Td (420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 338.02 Td (W) Tj ET Q q 0 0 0 rg BT 67.54 338.02 Td (est Phoenix) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 337.12 Td (2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 335.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.70 337.12 Td (Gas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.85 337.12 Td (Peaking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 337.12 Td (1) Tj ET Q q 0 0 0 rg BT 548.15 337.12 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 323.02 Td (Y) Tj ET Q q 0 0 0 rg BT 65.17 323.02 Td (ucca 1, 2, 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 322.12 Td (3) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 320.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.70 322.12 Td (Gas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.85 322.12 Td (Peaking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 322.12 Td (93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 308.02 Td (Y) Tj ET Q q 0 0 0 rg BT 65.17 308.02 Td (ucca 4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 307.12 Td (1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 305.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.10 307.12 Td (Oil) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.85 307.12 Td (Peaking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 307.12 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 293.02 Td (Y) Tj ET Q q 0 0 0 rg BT 65.17 293.02 Td (ucca 5, 6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 292.12 Td (2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 290.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.70 292.12 Td (Gas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.85 292.12 Td (Peaking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 292.12 Td (96) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 278.18 Td (T) Tj ET Q q 0 0 0 rg BT 58.71 278.18 Td (otal Combustion ) Tj ET Q q 0 0 0 rg BT 131.51 278.18 Td (T) Tj ET Q q 0 0 0 rg BT 137.63 278.18 Td (urbine) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 260.50 275.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 275.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 388.50 275.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 460.00 275.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 277.12 Td (1,088) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 263.18 Td (Solar:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 260.50 261.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 261.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 388.50 261.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 460.00 261.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 261.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 249.02 Td (Cotton Center) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 248.12 Td (1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 246.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.90 248.12 Td (Solar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.40 248.12 Td (As ) Tj ET Q q 0 0 0 rg BT 447.74 248.12 Td (A) Tj ET Q q 0 0 0 rg BT 454.31 248.12 Td (vailable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 248.12 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 234.02 Td (Hyder I) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 233.12 Td (1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 231.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.90 233.12 Td (Solar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.40 233.12 Td (As ) Tj ET Q q 0 0 0 rg BT 447.74 233.12 Td (A) Tj ET Q q 0 0 0 rg BT 454.31 233.12 Td (vailable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 233.12 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 219.02 Td (Paloma) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 218.12 Td (1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 216.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.90 218.12 Td (Solar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.40 218.12 Td (As ) Tj ET Q q 0 0 0 rg BT 447.74 218.12 Td (A) Tj ET Q q 0 0 0 rg BT 454.31 218.12 Td (vailable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 218.12 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 204.02 Td (Chino ) Tj ET Q q 0 0 0 rg BT 85.36 204.02 Td (V) Tj ET Q q 0 0 0 rg BT 91.94 204.02 Td (alley) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 203.12 Td (1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 201.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.90 203.12 Td (Solar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.40 203.12 Td (As ) Tj ET Q q 0 0 0 rg BT 447.74 203.12 Td (A) Tj ET Q q 0 0 0 rg BT 454.31 203.12 Td (vailable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 203.12 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 189.02 Td (Gila Bend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 188.12 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.90 188.12 Td (Solar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.40 188.12 Td (As ) Tj ET Q q 0 0 0 rg BT 447.74 188.12 Td (A) Tj ET Q q 0 0 0 rg BT 454.31 188.12 Td (vailable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 188.12 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 174.02 Td (Hyder II) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 173.12 Td (1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 171.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.90 173.12 Td (Solar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.40 173.12 Td (As ) Tj ET Q q 0 0 0 rg BT 447.74 173.12 Td (A) Tj ET Q q 0 0 0 rg BT 454.31 173.12 Td (vailable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 173.12 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 159.02 Td (Foothills) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 158.12 Td (1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 156.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.90 158.12 Td (Solar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.40 158.12 Td (As ) Tj ET Q q 0 0 0 rg BT 447.74 158.12 Td (A) Tj ET Q q 0 0 0 rg BT 454.31 158.12 Td (vailable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 158.12 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 144.02 Td (Luke ) Tj ET Q q 0 0 0 rg BT 81.27 144.02 Td (AFB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 143.12 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.90 143.12 Td (Solar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.40 143.12 Td (As ) Tj ET Q q 0 0 0 rg BT 447.74 143.12 Td (A) Tj ET Q q 0 0 0 rg BT 454.31 143.12 Td (vailable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 143.12 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 129.02 Td (Desert Star) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 128.12 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.90 128.12 Td (Solar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.40 128.12 Td (As ) Tj ET Q q 0 0 0 rg BT 447.74 128.12 Td (A) Tj ET Q q 0 0 0 rg BT 454.31 128.12 Td (vailable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 128.12 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 114.02 Td (Red Rock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 113.12 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.90 113.12 Td (Solar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.40 113.12 Td (As ) Tj ET Q q 0 0 0 rg BT 447.74 113.12 Td (A) Tj ET Q q 0 0 0 rg BT 454.31 113.12 Td (vailable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 113.12 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 99.02 Td (APS Owned Distributed Ener) Tj ET Q q 0 0 0 rg BT 177.01 99.02 Td (gy) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 260.50 96.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 96.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.90 98.12 Td (Solar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.40 98.12 Td (As ) Tj ET Q q 0 0 0 rg BT 447.74 98.12 Td (A) Tj ET Q q 0 0 0 rg BT 454.31 98.12 Td (vailable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 98.12 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 84.02 Td (Multiple facilities) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 260.50 81.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 81.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.90 83.12 Td (Solar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.40 83.12 Td (As ) Tj ET Q q 0 0 0 rg BT 447.46 83.12 Td (A) Tj ET Q q 0 0 0 rg BT 453.94 83.12 Td (vailable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 83.12 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 69.18 Td (T) Tj ET Q q 0 0 0 rg BT 58.71 69.18 Td (otal Solar) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 260.50 66.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 66.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 388.50 66.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 460.00 66.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 68.12 Td (239) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 54.18 Td (T) Tj ET Q q 0 0 0 rg BT 58.25 54.18 Td (otal Capacity) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 260.50 51.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 51.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 388.50 51.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 460.00 51.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 53.12 Td (6,236) Tj ET Q BT /F1 11.50 Tf ET endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (42) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 714.75 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 714.75 Td (100% unless otherwise noted.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 700.95 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 700.95 Td ( See Business of ) Tj ET Q q 0 0 0 rg BT 168.55 700.95 Td (Arizona Public Service Company Ener) Tj ET Q q 0 0 0 rg BT 361.56 700.95 Td (gy Sources and Resource Planning ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 687.15 Td (Generation Facilities Nuclear in Item 1 for details regarding leased interests in Palo ) Tj ET Q q 0 0 0 rg BT 491.51 687.15 Td (V) Tj ET Q q 0 0 0 rg BT 498.54 687.15 Td (erde. ) Tj ET Q q 0 0 0 rg BT 526.74 687.15 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 673.35 Td (other participants are Salt River Project \(17.49%\), SCE \(15.8%\), El Paso \(15.8%\), Public Service ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 659.55 Td (Company of New Mexico \(10.2%\), Southern California Public Power ) Tj ET Q q 0 0 0 rg BT 409.05 659.55 Td (Authority \(5.91%\), and Los ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 645.75 Td (Angeles Department of ) Tj ET Q q 0 0 0 rg BT 195.47 645.75 Td (W) Tj ET Q q 0 0 0 rg BT 205.40 645.75 Td (ater& Power \(5.7%\). ) Tj ET Q q 0 0 0 rg BT 309.62 645.75 Td (The plant is operated by ) Tj ET Q q 0 0 0 rg BT 423.00 645.75 Td (APS.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 631.95 Td (\(c\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 631.95 Td (The other participants are Salt River Project \(10%\), Public Service Company of New Mexico \(13%\), ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 618.15 Td (T) Tj ET Q q 0 0 0 rg BT 92.12 618.15 Td (ucson Electric Power Company \(7%\) and 4CA) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 307.38 618.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 310.13 618.15 Td (\(7%\). ) Tj ET Q q 0 0 0 rg BT 341.54 618.15 Td (The plant is operated by ) Tj ET Q q 0 0 0 rg BT 454.91 618.15 Td (APS.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 604.35 Td (\(d\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 604.35 Td (Cholla Unit 2's last day of service was on October 1, 2015.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 590.55 Td (\(e\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 590.55 Td (The other participants are Salt River Project \(42.9%\), Nevada Power Company \(1) Tj ET Q q 0 0 0 rg BT 460.95 590.55 Td (1.3%\), the United ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 576.75 Td (States Government \(24.3%\) and ) Tj ET Q q 0 0 0 rg BT 235.72 576.75 Td (T) Tj ET Q q 0 0 0 rg BT 242.34 576.75 Td (ucson Electric Power Company \(7.5%\). ) Tj ET Q q 0 0 0 rg BT 430.56 576.75 Td (The plant is operated by Salt ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 562.95 Td (River Project. In July 2016, Salt River Project purchased Los ) Tj ET Q q 0 0 0 rg BT 372.00 562.95 Td (Angeles Department of ) Tj ET Q q 0 0 0 rg BT 481.97 562.95 Td (W) Tj ET Q q 0 0 0 rg BT 491.90 562.95 Td (ater& Power's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 549.15 Td (share in this plant \(21.2%\).) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 529.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 529.35 Td (See Business of ) Tj ET Q q 0 0 0 rg BT 165.68 529.35 Td (Arizona Public Service Company Environmental Matters in Item 1 with respect ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 515.55 Td (to matters having a possible impact on the operation of certain of ) Tj ET Q q 0 0 0 rg BT 350.98 515.55 Td (APS) Tj ET Q q 0 0 0 rg BT 375.27 515.55 Td (s generating facilities.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 501.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 487.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 487.95 Td (See Business of ) Tj ET Q q 0 0 0 rg BT 165.68 487.95 Td (Arizona Public Service Company in Item 1 for a map detailing the location of ) Tj ET Q q 0 0 0 rg BT 531.03 487.95 Td (APS) Tj ET Q q 0 0 0 rg BT 555.32 487.95 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 474.15 Td (major power plants and principal transmission lines.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 446.55 Td ( ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 446.55 Td (4CA) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 418.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 418.95 Td (4CA, a wholly-owned subsidiary of Pinnacle ) Tj ET Q q 0 0 0 rg BT 295.14 418.95 Td (W) Tj ET Q q 0 0 0 rg BT 305.07 418.95 Td (est, purchased El Paso's 7% interest in Units 4 and 5 of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 405.15 Td (Four Corners on July 6, 2016. See "Areas of Business Focus - Operational Performance, Reliability and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 391.35 Td (Recent Developments - Four Corners - ) Tj ET Q q 0 0 0 rg BT 230.27 391.35 Td (Asset Purchase ) Tj ET Q q 0 0 0 rg BT 302.46 391.35 Td (Agreement and Coal Supply Matters" in Item 7 for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 377.55 Td (additional information about 4CA's interest in Four Corners.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 363.75 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 349.95 Td (T) Tj ET Q q 0 0 0 rg BT 56.32 349.95 Td (ransmission and Distribution Facilities ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 336.15 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 322.35 Td (Current Facilities) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 170.17 322.35 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 173.04 322.35 Td ( ) Tj ET Q q 0 0 0 rg BT 178.16 322.35 Td (APS) Tj ET Q q 0 0 0 rg BT 202.45 322.35 Td (s transmission facilities consist of approximately 6,137 pole miles of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 308.55 Td (overhead lines and approximately 49 miles of under) Tj ET Q q 0 0 0 rg BT 288.49 308.55 Td (ground lines, 5,914 miles of which are located in ) Tj ET Q q 0 0 0 rg BT 515.57 308.55 Td (Arizona. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 294.75 Td (APS) Tj ET Q q 0 0 0 rg BT 73.79 294.75 Td (s distribution facilities consist of approximately 1) Tj ET Q q 0 0 0 rg BT 301.42 294.75 Td (1,167 miles of overhead lines and approximately 21,524 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 280.95 Td (miles of under) Tj ET Q q 0 0 0 rg BT 115.72 280.95 Td (ground primary cable, all of which are located in ) Tj ET Q q 0 0 0 rg BT 342.45 280.95 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 387.48 280.95 Td (APS distribution facilities reflect an ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 267.15 Td (actual net gain of 419 miles in 2017. ) Tj ET Q q 0 0 0 rg BT 222.61 267.15 Td (APS shares ownership of some of its transmission facilities with other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 253.35 Td (companies. ) Tj ET Q endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (43) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 734.55 Td (The following table shows ) Tj ET Q q 0 0 0 rg BT 210.07 734.55 Td (APS) Tj ET Q q 0 0 0 rg BT 234.36 734.55 Td (s jointly-owned interests in those transmission facilities recorded on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (the Consolidated Balance Sheets at December31, 2017: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 681.25 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 681.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 653.25 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 653.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 625.25 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 625.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 597.25 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 597.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 569.25 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 569.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 541.25 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 541.25 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 513.25 442.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 513.25 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 681.25 m 562 681.25 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 683.97 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.20 701.48 Td (Per) Tj ET Q q 0 0 0 rg BT 512.04 701.48 Td (centOwned) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.60 693.48 Td (\(W) Tj ET Q q 0 0 0 rg BT 517.82 693.48 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.25 685.48 Td (A) Tj ET Q q 0 0 0 rg BT 516.43 685.48 Td (verage\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 671.82 Td (Mor) Tj ET Q q 0 0 0 rg BT 69.63 671.82 Td (gan Pinnacle Peak System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 671.82 Td (64.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 671.82 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 657.82 Td (Palo ) Tj ET Q q 0 0 0 rg BT 72.69 657.82 Td (V) Tj ET Q q 0 0 0 rg BT 79.27 657.82 Td (erde Rudd 500kV) Tj ET Q q 0 0 0 rg BT 162.22 657.82 Td ( System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 657.82 Td (50.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 657.82 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 643.82 Td (Round ) Tj ET Q q 0 0 0 rg BT 81.58 643.82 Td (V) Tj ET Q q 0 0 0 rg BT 88.16 643.82 Td (alley System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 643.82 Td (50.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 643.82 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 629.82 Td (ANPP) Tj ET Q q 0 0 0 rg BT 77.88 629.82 Td ( 500kV) Tj ET Q q 0 0 0 rg BT 107.33 629.82 Td ( System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 629.82 Td (34.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 629.82 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 615.82 Td (Navajo Southern System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 615.82 Td (27.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 615.82 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 601.82 Td (Four Corners Switchyards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 601.82 Td (63.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 601.82 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 587.82 Td (Palo ) Tj ET Q q 0 0 0 rg BT 72.69 587.82 Td (V) Tj ET Q q 0 0 0 rg BT 79.27 587.82 Td (erde ) Tj ET Q q 0 0 0 rg BT 110.73 587.82 Td (Y) Tj ET Q q 0 0 0 rg BT 117.21 587.82 Td (uma 500kV) Tj ET Q q 0 0 0 rg BT 163.51 587.82 Td ( System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 587.82 Td (18.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 587.82 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 573.82 Td (Phoenix Mead System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 573.82 Td (17.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 573.82 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 559.82 Td (Palo ) Tj ET Q q 0 0 0 rg BT 72.69 559.82 Td (V) Tj ET Q q 0 0 0 rg BT 79.27 559.82 Td (erde Mor) Tj ET Q q 0 0 0 rg BT 128.05 559.82 Td (gan System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 559.82 Td (90.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 559.82 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 545.82 Td (Hassayampa North Gila System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 545.82 Td (80.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 545.82 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 531.82 Td (Cholla 500kV) Tj ET Q q 0 0 0 rg BT 108.80 531.82 Td ( Switchyard) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 531.82 Td (85.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 531.82 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 517.82 Td (Saguaro 500kV) Tj ET Q q 0 0 0 rg BT 114.90 517.82 Td ( Switchyard) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 517.82 Td (60.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 517.82 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 503.82 Td (Kyrene - Knox System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 503.82 Td (50.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 503.82 Td (%) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 485.95 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 472.15 Td (Expansion.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 139.51 472.15 Td ( Each year ) Tj ET Q q 0 0 0 rg BT 193.15 472.15 Td (APS prepares and files with the ) Tj ET Q q 0 0 0 rg BT 340.71 472.15 Td (ACC a ten-year transmission plan. In ) Tj ET Q q 0 0 0 rg BT 517.01 472.15 Td (APS) Tj ET Q q 0 0 0 rg BT 541.31 472.15 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.35 Td (2018 plan, ) Tj ET Q q 0 0 0 rg BT 100.29 458.35 Td (APS projects it will develop 52 miles of new transmission lines over the next ten years. One ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.55 Td (significant project currently under development is a new 500kV) Tj ET Q q 0 0 0 rg BT 343.10 444.55 Td ( path that will span from the Palo ) Tj ET Q q 0 0 0 rg BT 498.76 444.55 Td (V) Tj ET Q q 0 0 0 rg BT 505.79 444.55 Td (erde hub ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.75 Td (around the western and northern edges of the Phoenix metropolitan area and terminate at a bulk substation in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 416.95 Td (the northeast part of Phoenix. ) Tj ET Q q 0 0 0 rg BT 190.78 416.95 Td (The Palo ) Tj ET Q q 0 0 0 rg BT 234.64 416.95 Td (V) Tj ET Q q 0 0 0 rg BT 241.67 416.95 Td (erde to Mor) Tj ET Q q 0 0 0 rg BT 295.76 416.95 Td (gan System includes Palo ) Tj ET Q q 0 0 0 rg BT 416.29 416.95 Td (V) Tj ET Q q 0 0 0 rg BT 423.32 416.95 Td (erde-Delaney-Sun ) Tj ET Q q 0 0 0 rg BT 509.65 416.95 Td (V) Tj ET Q q 0 0 0 rg BT 516.68 416.95 Td (alley-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.15 Td (Mor) Tj ET Q q 0 0 0 rg BT 69.10 403.15 Td (gan-Pinnacle Peak. ) Tj ET Q q 0 0 0 rg BT 162.78 403.15 Td (The project consists of four phases. ) Tj ET Q q 0 0 0 rg BT 331.20 403.15 Td (The first three phases, Mor) Tj ET Q q 0 0 0 rg BT 455.22 403.15 Td (gan to Pinnacle Peak ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.35 Td (500kV) Tj ET Q q 0 0 0 rg BT 79.32 389.35 Td (, Palo ) Tj ET Q q 0 0 0 rg BT 108.19 389.35 Td (V) Tj ET Q q 0 0 0 rg BT 115.22 389.35 Td (erde to Delaney 500kV) Tj ET Q q 0 0 0 rg BT 220.71 389.35 Td (, and Delaney to Sun ) Tj ET Q q 0 0 0 rg BT 319.51 389.35 Td (V) Tj ET Q q 0 0 0 rg BT 326.54 389.35 Td (alley 500kV) Tj ET Q q 0 0 0 rg BT 382.87 389.35 Td ( are currently in-service. ) Tj ET Q q 0 0 0 rg BT 500.79 389.35 Td (The fourth ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.55 Td (phase, Mor) Tj ET Q q 0 0 0 rg BT 101.03 375.55 Td (gan to Sun ) Tj ET Q q 0 0 0 rg BT 152.90 375.55 Td (V) Tj ET Q q 0 0 0 rg BT 159.93 375.55 Td (alley 500kV) Tj ET Q q 0 0 0 rg BT 214.97 375.55 Td (, has started construction and is expected to be ener) Tj ET Q q 0 0 0 rg BT 451.08 375.55 Td (gized by May 2018. In ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.75 Td (total, the projects consist of over 100 miles of new 500kV) Tj ET Q q 0 0 0 rg BT 315.98 361.75 Td ( lines, with many of those miles constructed with the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 347.95 Td (capability to string a 230kV) Tj ET Q q 0 0 0 rg BT 177.69 347.95 Td ( line as a second circuit.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 320.35 Td (APS continues to work with regulators to identify transmission projects necessary to support renewable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.55 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 306.55 Td (gy facilities. ) Tj ET Q q 0 0 0 rg BT 131.47 306.55 Td (T) Tj ET Q q 0 0 0 rg BT 137.69 306.55 Td (wo such projects, which have been completed and were included in previous ) Tj ET Q q 0 0 0 rg BT 492.49 306.55 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.75 Td (transmission plans, are the Delaney to Palo ) Tj ET Q q 0 0 0 rg BT 250.50 292.75 Td (V) Tj ET Q q 0 0 0 rg BT 257.53 292.75 Td (erde line and the North Gila to Hassayampa line, both of which ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 278.95 Td (support the transmission of renewable ener) Tj ET Q q 0 0 0 rg BT 246.98 278.95 Td (gy to Phoenix and California. ) Tj ET Q q 0 0 0 rg BT 385.39 278.95 Td (The North Gila to Hassayampa line ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.15 Td (went into service in May 2015 and the Delaney to Palo ) Tj ET Q q 0 0 0 rg BT 305.11 265.15 Td (V) Tj ET Q q 0 0 0 rg BT 312.14 265.15 Td (erde line went into service in May 2016.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 237.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 237.55 Td (Physical Security Standards. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 224.16 237.55 Td ( On July 14, 2015, FERC approved version 2 of the proposed Physical ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.75 Td (Security Reliability Standard CIP-014. It became ef) Tj ET Q q 0 0 0 rg BT 290.10 223.75 Td (fective on October 2, 2015 and requires transmission ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 209.95 Td (owners and operators to protect those critical transmission stations and substations and their associated primary ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.15 Td (control centers that, if rendered inoperable or damaged as a result of a physical attack, could result in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.35 Td (widespread instability) Tj ET Q q 0 0 0 rg BT 150.00 182.35 Td (, uncontrolled separation or cascading within an interconnection. ) Tj ET Q q 0 0 0 rg BT 453.07 182.35 Td (As required by the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.55 Td (Physical Security Reliability Standard, ) Tj ET Q q 0 0 0 rg BT 229.97 168.55 Td (APS determined its critical transmission stations and substations and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 154.75 Td (associated primary control centers that were required to comply with the standard timely) Tj ET Q q 0 0 0 rg BT 456.24 154.75 Td (, which triggered ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 140.95 Td (additional requirements and obligations within the Physical Security Reliability Standard. ) Tj ET Q q 0 0 0 rg BT 467.70 140.95 Td (These remaining ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.15 Td (obligations, which consist of a risk evaluation and development and verification of a physical security plan, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.35 Td (were lar) Tj ET Q q 0 0 0 rg BT 86.64 113.35 Td (gely completed in 2016 with remaining activities projected to be complete in the first quarter of 2018. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 99.55 Td (At this time, significant financial or operational impacts on ) Tj ET Q q 0 0 0 rg BT 323.53 99.55 Td (APS are not anticipated.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 72.55 Td ( ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 85.50 72.55 Td (NERC Critical Infrastructu) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 210.81 72.55 Td (re Protection Reliability Standards) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 374.70 72.55 Td (. In 2014, ) Tj ET Q q 0 0 0 rg BT 423.89 72.55 Td (APS initiated a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.75 Td (comprehensive project to ensure compliance with ) Tj ET Q q 0 0 0 rg BT 280.49 58.75 Td (V) Tj ET Q q 0 0 0 rg BT 287.52 58.75 Td (ersion 5 of NERC's Critical Infrastructure Protection ) Tj ET Q endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (44) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (Reliability Standards \("CIP) Tj ET Q q 0 0 0 rg BT 175.15 734.55 Td ( ) Tj ET Q q 0 0 0 rg BT 177.82 734.55 Td (V) Tj ET Q q 0 0 0 rg BT 184.64 734.55 Td (.5"\), which will become ef) Tj ET Q q 0 0 0 rg BT 306.65 734.55 Td (fective pursuant to various implementation dates ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (through 2018. ) Tj ET Q q 0 0 0 rg BT 119.14 720.75 Td (APS completed a significant portion of its compliance implementation activities to meet an ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (initial compliance date of July 1, 2016; however) Tj ET Q q 0 0 0 rg BT 271.32 706.95 Td (, ) Tj ET Q q 0 0 0 rg BT 276.43 706.95 Td (APS will be incurring incremental capital expenditures ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (through 2018 to meet further upcoming compliance deadlines associated with CIP) Tj ET Q q 0 0 0 rg BT 427.21 693.15 Td ( ) Tj ET Q q 0 0 0 rg BT 429.88 693.15 Td (V) Tj ET Q q 0 0 0 rg BT 436.70 693.15 Td (.5. ) Tj ET Q q 0 0 0 rg BT 453.74 693.15 Td (T) Tj ET Q q 0 0 0 rg BT 459.97 693.15 Td (otal expenditures are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (estimated to be approximately $52 million, the majority of which has been incurred by the Company as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (December 31, 2017.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 651.75 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (Plant and ) Tj ET Q q 0 0 0 rg BT 99.78 637.95 Td (T) Tj ET Q q 0 0 0 rg BT 106.60 637.95 Td (ransmission Line Leases and Rights-of-W) Tj ET Q q 0 0 0 rg BT 310.44 637.95 Td (ay on Indian Lands) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 610.35 Td (The Navajo Plant and Four Corners are located on land held under leases from the Navajo Nation and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (also under rights-of-way from the federal government. ) Tj ET Q q 0 0 0 rg BT 308.60 596.55 Td (The co-owners of the Navajo Plant and the Navajo ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (Nation agreed that the Navajo Plant will remain in operation until December 2019 under the existing plant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (lease. ) Tj ET Q q 0 0 0 rg BT 80.90 568.95 Td (The co-owners and the Navajo Nation executed a lease extension on November 29, 2017 that will allow ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (for decommissioning activities to begin after the plant ceases operations in December 2019. ) Tj ET Q q 0 0 0 rg BT 477.12 555.15 Td (APS, on behalf of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (the Four Corners participants, negotiated amendments to the Four Corners facility lease with the Navajo ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (Nation, which extends the Four Corners leasehold interest from 2016 to 2041. See "Areas of Business Focus - ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (Operational Performance, Reliability and Recent Developments - Four Corners - Lease Extension" in Item 7 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (for additional information about the Four Corners right-of-way and lease matters. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 472.35 Td (Certain portions of our transmission lines are located on Indian lands pursuant to rights-of-way that are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (ef) Tj ET Q q 0 0 0 rg BT 58.23 458.55 Td (fective for specified periods. Some of these rights-of-way have expired and our renewal applications have ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.75 Td (not yet been acted upon by the appropriate Indian tribes or federal agencies. Other rights expire at various ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (times in the future and renewal action by the applicable tribe or federal agencies will be required at that time. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (In recent negotiations, certain of the af) Tj ET Q q 0 0 0 rg BT 227.15 417.15 Td (fected Indian tribes have required payments substantially in excess of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td (amounts that we have paid in the past for such rights-of-way) Tj ET Q q 0 0 0 rg BT 327.24 403.35 Td (. ) Tj ET Q q 0 0 0 rg BT 335.66 403.35 Td (The ultimate cost of renewal of certain of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td (rights-of-way for our transmission lines is therefore uncertain.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 218.60 348.15 Td (ITEM 3. LEGAL) Tj ET Q q 0 0 0 rg BT 306.15 348.15 Td ( PROCEEDINGS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 334.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 320.55 Td (See Business of ) Tj ET Q q 0 0 0 rg BT 165.68 320.55 Td (Arizona Public Service Company Environmental Matters in Item 1 with regard to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (pending or threatened litigation and other disputes.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 286.95 Td (See Note 3 for ) Tj ET Q q 0 0 0 rg BT 154.48 286.95 Td (ACC and FERC-related matters.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 267.15 Td (See Note 10 for information regarding environmental matters and Superfundrelated matters.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 200.45 233.55 Td (ITEM 4. MINE SAFETY) Tj ET Q q 0 0 0 rg BT 327.50 233.55 Td ( DISCLOSURES) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 219.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 205.95 Td (Not applicable.) 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0.9333333333333333 1 rg /GS0 gs 492.00 182.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 182.25 67.00 -15.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 422.82 Td (David P) Tj ET Q q 0 0 0 rg BT 84.45 422.82 Td (. Falck \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.50 422.82 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 421.92 Td (Executive ) Tj ET Q q 0 0 0 rg BT 233.89 421.92 Td (V) Tj ET Q q 0 0 0 rg BT 240.72 421.92 Td (ice President, Law of Pinnacle ) Tj ET Q q 0 0 0 rg BT 364.73 421.92 Td (W) Tj ET Q q 0 0 0 rg BT 373.68 421.92 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.70 421.92 Td (2017-Present) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 52.50 414.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 159.50 414.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 406.92 Td (Executive ) Tj ET Q q 0 0 0 rg BT 233.89 406.92 Td (V) Tj ET Q q 0 0 0 rg BT 240.72 406.92 Td (ice President and General Counsel of Pinnacle ) Tj ET Q q 0 0 0 rg BT 428.33 406.92 Td (W) Tj ET Q q 0 0 0 rg BT 437.28 406.92 Td (est and ) Tj ET Q q 0 0 0 rg BT 467.15 406.92 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 406.92 Td (2009-2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 392.82 Td (Daniel ) Tj ET Q q 0 0 0 rg BT 81.56 392.82 Td (T) Tj ET Q q 0 0 0 rg BT 87.21 392.82 Td (. Froetscher) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.50 392.82 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 392.82 Td (Executive ) Tj ET Q q 0 0 0 rg BT 233.89 392.82 Td (V) Tj ET Q q 0 0 0 rg BT 240.72 392.82 Td (ice President, Operations of ) Tj ET Q q 0 0 0 rg BT 353.72 392.82 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.70 392.82 Td (2018-Present) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 377.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 220.02 377.82 Td (V) Tj ET Q q 0 0 0 rg BT 226.85 377.82 Td (ice President, ) Tj ET Q q 0 0 0 rg BT 282.83 377.82 Td (T) Tj ET Q q 0 0 0 rg BT 288.67 377.82 Td (ransmission, Distribution & Customers of ) Tj ET Q q 0 0 0 rg BT 458.22 377.82 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 377.82 Td (2014-2018) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 52.50 369.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 159.50 369.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 362.82 Td (V) Tj ET Q q 0 0 0 rg BT 198.42 362.82 Td (ice President, Ener) Tj ET Q q 0 0 0 rg BT 273.28 362.82 Td (gy Delivery of ) Tj ET Q q 0 0 0 rg BT 333.73 362.82 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 362.82 Td (2008-2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 347.82 Td (Jef) Tj ET Q q 0 0 0 rg BT 64.07 347.82 Td (frey B. Guldner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.50 347.82 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 346.92 Td (Executive ) Tj ET Q q 0 0 0 rg BT 233.89 346.92 Td (V) Tj ET Q q 0 0 0 rg BT 240.72 346.92 Td (ice President, Public Policy and General Counsel of Pinnacle) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 336.92 Td (W) Tj ET Q q 0 0 0 rg BT 200.54 336.92 Td (est and ) Tj ET Q q 0 0 0 rg BT 230.41 336.92 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.70 336.92 Td (2017-Present) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 52.50 329.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 159.50 329.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 321.92 Td (Senior ) Tj ET Q q 0 0 0 rg BT 220.02 321.92 Td (V) Tj ET Q q 0 0 0 rg BT 226.85 321.92 Td (ice President, Public Policy of ) Tj ET Q q 0 0 0 rg BT 349.59 321.92 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 321.92 Td (2014-2017) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 52.50 314.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 159.50 314.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 306.92 Td (Senior ) Tj ET Q q 0 0 0 rg BT 220.02 306.92 Td (V) Tj ET Q q 0 0 0 rg BT 226.85 306.92 Td (ice President, Customers and Regulation of ) Tj ET Q q 0 0 0 rg BT 402.07 306.92 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 306.92 Td (2012-2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 292.82 Td (James R. Hatfield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.50 292.82 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 292.82 Td (Executive ) Tj ET Q q 0 0 0 rg BT 233.89 292.82 Td (V) Tj ET Q q 0 0 0 rg BT 240.72 292.82 Td (ice President of Pinnacle ) Tj ET Q q 0 0 0 rg BT 341.97 292.82 Td (W) Tj ET Q q 0 0 0 rg BT 350.91 292.82 Td (est and ) Tj ET Q q 0 0 0 rg BT 380.78 292.82 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.70 292.82 Td (2012-Present) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 52.50 284.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 159.50 284.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 277.82 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 266.39 277.82 Td (ficer of Pinnacle ) Tj ET Q q 0 0 0 rg BT 334.79 277.82 Td (W) Tj ET Q q 0 0 0 rg BT 343.74 277.82 Td (est and ) Tj ET Q q 0 0 0 rg BT 373.61 277.82 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.70 277.82 Td (2008-Present) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 262.82 Td (John S. Hatfield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.50 262.82 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 262.82 Td (V) Tj ET Q q 0 0 0 rg BT 198.42 262.82 Td (ice President, Communications of ) Tj ET Q q 0 0 0 rg BT 335.88 262.82 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.70 262.82 Td (2010-Present) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 247.82 Td (Barbara D. Lockwood) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.50 247.82 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 247.82 Td (V) Tj ET Q q 0 0 0 rg BT 198.42 247.82 Td (ice President, Regulation of ) Tj ET Q q 0 0 0 rg BT 311.43 247.82 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.70 247.82 Td (2015-Present) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 232.82 Td (General Manager) Tj ET Q q 0 0 0 rg BT 260.98 232.82 Td (, Regulatory Policy and Compliance of ) Tj ET Q q 0 0 0 rg BT 419.09 232.82 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 232.82 Td (2014-2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 217.82 Td (General Manager) Tj ET Q q 0 0 0 rg BT 260.98 217.82 Td (, Innovation of ) Tj ET Q q 0 0 0 rg BT 322.16 217.82 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 217.82 Td (2012-2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 202.82 Td (Lee R. Nickloy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.50 202.82 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 202.82 Td (V) Tj ET Q q 0 0 0 rg BT 198.42 202.82 Td (ice President and ) Tj ET Q q 0 0 0 rg BT 268.84 202.82 Td (T) Tj ET Q q 0 0 0 rg BT 274.68 202.82 Td (reasurer of Pinnacle ) Tj ET Q q 0 0 0 rg BT 356.88 202.82 Td (W) Tj ET Q q 0 0 0 rg BT 365.83 202.82 Td (est and ) Tj ET Q q 0 0 0 rg BT 395.70 202.82 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.70 202.82 Td (2010-Present) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 187.82 Td (Mark ) Tj ET Q q 0 0 0 rg BT 76.38 187.82 Td (A. Schiavoni \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.50 187.82 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 186.92 Td (Executive ) Tj ET Q q 0 0 0 rg BT 233.80 186.92 Td (V) Tj ET Q q 0 0 0 rg BT 240.42 186.92 Td (ice President of ) Tj ET Q q 0 0 0 rg BT 304.57 186.92 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.70 187.82 Td (2018-Present) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 172.82 Td (Executive ) Tj ET Q q 0 0 0 rg BT 233.89 172.82 Td (V) Tj ET Q q 0 0 0 rg BT 240.72 172.82 Td (ice President and Chief Operating Of) Tj ET Q q 0 0 0 rg BT 388.90 172.82 Td (ficer of ) Tj ET Q q 0 0 0 rg BT 420.17 172.82 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 172.82 Td (2014-2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 157.82 Td (Executive ) Tj ET Q q 0 0 0 rg BT 233.80 157.82 Td (V) Tj ET Q q 0 0 0 rg BT 240.42 157.82 Td (ice President, Operations of ) Tj ET Q q 0 0 0 rg BT 353.45 157.82 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 157.82 Td (2012-2014) Tj ET Q BT /F1 11.50 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 140.75 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 103.50 140.75 Td (David P) Tj ET Q q 0 0 0 rg BT 134.89 140.75 Td (. Falck is retiring from PNW) Tj ET Q q 0 0 0 rg BT 249.69 140.75 Td ( on ) Tj ET Q q 0 0 0 rg BT 264.14 140.75 Td (April 2, 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 128.75 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 103.50 128.75 Td (Mark ) Tj ET Q q 0 0 0 rg BT 127.11 128.75 Td (A. Schiavoniis retiring from ) Tj ET Q q 0 0 0 rg BT 244.32 128.75 Td (APS on ) Tj ET Q q 0 0 0 rg BT 277.11 128.75 Td (August 20, 2018.) Tj ET Q endstream endobj 101 0 obj <>] /Rotate 0 /Contents 102 0 R>> endobj 102 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (46) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 285.15 734.75 Td (P) Tj ET Q q 0 0 0 rg BT 291.32 734.75 Td (AR) Tj ET Q q 0 0 0 rg BT 307.53 734.75 Td (T) Tj ET Q q 0 0 0 rg BT 314.99 734.75 Td (II) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 113.70 707.15 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 116.58 707.15 Td (ITEM 5. MARKET) Tj ET Q q 0 0 0 rg BT 216.04 707.15 Td ( FOR REGISTRANTS) Tj ET Q q 0 0 0 rg BT 331.49 707.15 Td ( COMMON EQUITY) Tj ET Q q 0 0 0 rg BT 437.76 707.15 Td (, RELA) Tj ET Q q 0 0 0 rg BT 474.61 707.15 Td (TED ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 90.15 693.35 Td (ST) Tj ET Q q 0 0 0 rg BT 104.01 693.35 Td (OCKHOLDER MA) Tj ET Q q 0 0 0 rg BT 201.23 693.35 Td (TTERS ) Tj ET Q q 0 0 0 rg BT 241.18 693.35 Td (AND ISSUER PURCHASES OF) Tj ET Q q 0 0 0 rg BT 401.47 693.35 Td ( EQUITY) Tj ET Q q 0 0 0 rg BT 449.29 693.35 Td ( SECURITIES) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 679.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 665.75 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 665.75 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 665.75 Td (est) Tj ET Q q 0 0 0 rg BT 153.67 665.75 Td (s common stock is publicly held and is traded on the New ) Tj ET Q q 0 0 0 rg BT 422.18 665.75 Td (Y) Tj ET Q q 0 0 0 rg BT 429.33 665.75 Td (ork Stock Exchange. ) Tj ET Q q 0 0 0 rg BT 529.93 665.75 Td (At the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.95 Td (close of business on February16, 2018, Pinnacle ) Tj ET Q q 0 0 0 rg BT 277.34 651.95 Td (W) Tj ET Q q 0 0 0 rg BT 287.28 651.95 Td (est) Tj ET Q q 0 0 0 rg BT 303.25 651.95 Td (s common stock was held of record by approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.15 Td (18,684 shareholders.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.55 Td (QUAR) Tj ET Q q 0 0 0 rg BT 81.40 610.55 Td (TERL) Tj ET Q q 0 0 0 rg BT 108.99 610.55 Td (Y) Tj ET Q q 0 0 0 rg BT 116.87 610.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 132.96 610.55 Td (OCK PRICES ) Tj ET Q q 0 0 0 rg BT 201.34 610.55 Td (AND DIVIDENDS P) Tj ET Q q 0 0 0 rg BT 299.95 610.55 Td (AID PER SHARE) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.75 Td (ST) Tj ET Q q 0 0 0 rg BT 62.71 596.75 Td (OCK SYMBOL: PNW) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 562.25 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 562.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 562.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 562.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 562.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 562.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 562.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 562.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 562.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 534.25 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 534.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 534.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 534.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 534.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 534.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 534.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 534.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 534.25 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 562.25 m 286 562.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 562.25 m 355 562.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 562.25 m 424 562.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 562.25 m 493 562.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 562.25 m 562 562.25 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 576.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 322.00 576.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 391.00 576.97 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 460.00 576.97 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.85 578.33 Td (Dividends) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 566.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.55 566.33 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.40 566.33 Td (Low) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.65 566.33 Td (Close) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.15 566.33 Td (Per) Tj ET Q q 0 0 0 rg BT 523.99 566.33 Td (Shar) Tj ET Q q 0 0 0 rg BT 542.30 566.33 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 552.82 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 57.50 552.82 Td (st) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.17 552.82 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 552.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 552.82 Td (84.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 552.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 552.82 Td (75.79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 552.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 552.82 Td (83.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 552.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 552.82 Td (0.655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 538.82 Td (2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 57.50 538.82 Td (nd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 538.82 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 538.82 Td (89.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 538.82 Td (82.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 538.82 Td (85.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 538.82 Td (0.655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 524.82 Td (3) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 57.50 524.82 Td (rd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.33 524.82 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 524.82 Td (90.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 524.82 Td (83.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 524.82 Td (84.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 524.82 Td (0.655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 510.82 Td (4) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 57.50 510.82 Td (th) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.94 510.82 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 510.82 Td (92.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 510.82 Td (84.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 510.82 Td (85.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 510.82 Td (0.695) Tj ET Q BT /F1 11.50 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 492.35 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 457.85 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 457.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 457.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 457.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 457.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 457.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 457.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 457.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 457.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 429.85 236.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 429.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 429.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 429.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 429.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 429.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 429.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 429.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 429.85 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 457.85 m 286 457.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 457.85 m 355 457.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 457.85 m 424 457.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 457.85 m 493 457.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 457.85 m 562 457.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 457.85 m 355 457.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 457.85 m 424 457.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 457.85 m 493 457.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 457.85 m 562 457.85 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 472.57 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 322.00 472.57 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 391.00 472.57 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 460.00 472.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.85 473.93 Td (Dividends) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 461.93 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.55 461.93 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.40 461.93 Td (Low) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.65 461.93 Td (Close) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.15 461.93 Td (Per) Tj ET Q q 0 0 0 rg BT 523.99 461.93 Td (Shar) Tj ET Q q 0 0 0 rg BT 542.30 461.93 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 448.42 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 57.50 448.42 Td (st) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.17 448.42 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 448.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 448.42 Td (75.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 448.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 448.42 Td (62.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 448.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 448.42 Td (75.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 448.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 448.42 Td (0.625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 434.42 Td (2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 57.50 434.42 Td (nd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 434.42 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 434.42 Td (81.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 434.42 Td (70.1) Tj ET Q q 0 0 0 rg BT 415.15 434.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 434.42 Td (81.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 434.42 Td (0.625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 420.42 Td (3) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 57.50 420.42 Td (rd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.33 420.42 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 420.42 Td (82.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 420.42 Td (73.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 420.42 Td (75.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 420.42 Td (0.625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 406.42 Td (4) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 57.50 406.42 Td (th) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.94 406.42 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 406.42 Td (78.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 406.42 Td (70.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 406.42 Td (78.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 406.42 Td (0.655) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 388.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 374.75 Td (APS) Tj ET Q q 0 0 0 rg BT 109.79 374.75 Td (s common stock is wholly-owned by Pinnacle ) Tj ET Q q 0 0 0 rg BT 323.91 374.75 Td (W) Tj ET Q q 0 0 0 rg BT 333.85 374.75 Td (est and is not listed for trading on any stock ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 360.95 Td (exchange. ) Tj ET Q q 0 0 0 rg BT 100.91 360.95 Td (As a result, there is no established public trading market for ) Tj ET Q q 0 0 0 rg BT 378.12 360.95 Td (APS) Tj ET Q q 0 0 0 rg BT 402.42 360.95 Td (s common stock.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 347.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 333.35 Td (The chart below sets forth the dividends paid on ) Tj ET Q q 0 0 0 rg BT 309.38 333.35 Td (APS) Tj ET Q q 0 0 0 rg BT 333.68 333.35 Td (s common stock for each of the four quarters for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 319.55 Td (2017 and 2016.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 305.75 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 242.05 291.95 Td (Common Stock Dividends) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 249.85 278.15 Td (\(Dollars in ) Tj ET Q q 0 0 0 rg BT 304.59 278.15 Td (Thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 255.65 374.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 255.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 255.65 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 255.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 255.65 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 227.65 374.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 227.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 227.65 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 227.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 227.65 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 255.64999999999998 m 423.5 255.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 255.64999999999998 m 492.5 255.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 255.64999999999998 m 561.5 255.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 255.64999999999998 m 492.5 255.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 255.64999999999998 m 561.5 255.64999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 259.73 Td (Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 259.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 259.73 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 246.22 Td (1) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 57.00 246.22 Td (st) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.67 246.22 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 246.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 246.22 Td (72,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 246.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 246.22 Td (69,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 232.22 Td (2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 57.00 232.22 Td (nd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 232.22 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 232.22 Td (73,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 232.22 Td (69,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 218.22 Td (3) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 57.00 218.22 Td (rd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.83 218.22 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 218.22 Td (73,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 218.22 Td (69,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 204.22 Td (4) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 57.00 204.22 Td (th) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.44 204.22 Td (Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 204.22 Td (77,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 204.22 Td (72,900) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 186.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 172.55 Td (The sole holder of ) Tj ET Q q 0 0 0 rg BT 171.73 172.55 Td (APS) Tj ET Q q 0 0 0 rg BT 196.02 172.55 Td (s common stock, Pinnacle ) Tj ET Q q 0 0 0 rg BT 318.79 172.55 Td (W) Tj ET Q q 0 0 0 rg BT 328.72 172.55 Td (est, is entitled to dividends when and as declared ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 158.75 Td (out of legally available funds. ) Tj ET Q q 0 0 0 rg BT 191.62 158.75 Td (As of December31, 2017, ) Tj ET Q q 0 0 0 rg BT 315.22 158.75 Td (APS did not have any outstanding preferred stock.) Tj ET Q endstream endobj 103 0 obj <>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (47) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 201.05 734.75 Td (ITEM 6. SELECTED FINANCIAL) Tj ET Q q 0 0 0 rg BT 377.74 734.75 Td ( DA) Tj ET Q q 0 0 0 rg BT 396.37 734.75 Td (T) Tj ET Q q 0 0 0 rg BT 403.19 734.75 Td (A) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 134.75 714.95 Td (PINNACLE ) Tj ET Q q 0 0 0 rg BT 197.48 714.95 Td (WEST) Tj ET Q q 0 0 0 rg BT 230.51 714.95 Td ( CAPIT) Tj ET Q q 0 0 0 rg BT 268.31 714.95 Td (AL) Tj ET Q q 0 0 0 rg BT 283.65 714.95 Td ( CORPORA) Tj ET Q q 0 0 0 rg BT 343.81 714.95 Td (TION CONSOLIDA) Tj ET Q q 0 0 0 rg BT 453.51 714.95 Td (TED) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 681.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 681.35 Td (The selected data presented below as of and for the years ended December31, 2017, 2016, 2015, 2014 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 667.55 Td (and 2013 are derived from the Consolidated Financial Statements. ) Tj ET Q q 0 0 0 rg BT 356.53 667.55 Td (The data should be read in connection with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 653.75 Td (the Consolidated Financial Statements including the related notes included in Item8 of this Form10-K.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 607.25 165.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 607.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 607.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 607.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 607.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 607.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 607.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 607.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 607.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 607.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 607.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 577.25 165.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 577.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 577.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 577.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 577.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 577.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 577.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 577.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 577.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 577.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 577.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 537.25 165.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 537.25 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 537.25 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 537.25 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 537.25 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 537.25 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 537.25 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 537.25 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 537.25 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 537.25 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 537.25 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 497.25 165.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 497.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 497.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 497.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 497.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 497.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 497.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 497.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 497.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 497.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 497.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 457.25 165.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 457.25 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 457.25 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 457.25 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 457.25 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 457.25 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 457.25 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 457.25 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 457.25 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 457.25 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 457.25 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 407.25 165.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 407.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 407.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 407.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 407.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 407.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 407.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 407.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 407.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 407.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 407.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 367.25 165.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 367.25 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 367.25 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 367.25 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 367.25 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 367.25 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 367.25 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 367.25 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 367.25 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 367.25 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 367.25 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 327.25 165.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 327.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 327.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 327.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 327.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 327.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 327.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 327.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 327.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 327.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 327.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 297.25 165.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 297.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 297.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 297.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 297.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 297.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 297.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 297.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 297.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 297.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 297.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 257.25 165.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 257.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 257.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 257.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 257.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 257.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 257.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 257.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 257.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 257.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 257.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 227.25 165.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 227.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 227.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 227.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 227.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 227.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 227.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 227.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 227.25 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 227.25 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 227.25 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 620.25 m 284.5 620.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 620.25 m 353.5 620.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 620.25 m 422.5 620.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 620.25 m 491.5 620.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 620.25 m 560.5 620.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 577.25 m 284.5 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 577.25 m 353.5 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 577.25 m 422.5 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 577.25 m 491.5 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 577.25 m 560.5 577.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 537.25 m 284.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 537.25 m 353.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 537.25 m 422.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 537.25 m 491.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 537.25 m 560.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 537.25 m 284.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 513.25 m 284.5 513.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 511.25 m 284.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 537.25 m 353.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 513.25 m 353.5 513.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 511.25 m 353.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 537.25 m 422.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 513.25 m 422.5 513.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 511.25 m 422.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 537.25 m 491.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 513.25 m 491.5 513.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 511.25 m 491.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 537.25 m 560.5 537.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 513.25 m 560.5 513.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 511.25 m 560.5 511.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 313.25 m 284.5 313.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 311.25 m 284.5 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 313.25 m 353.5 313.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 311.25 m 353.5 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 313.25 m 422.5 313.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 311.25 m 422.5 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 313.25 m 491.5 313.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 311.25 m 491.5 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 313.25 m 560.5 313.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 311.25 m 560.5 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 242.25 m 284.5 242.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 242.25 m 353.5 242.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 242.25 m 422.5 242.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 242.25 m 491.5 242.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 242.25 m 560.5 242.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 212.25 m 284.5 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 212.25 m 353.5 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 212.25 m 422.5 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 212.25 m 491.5 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 212.25 m 560.5 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 212.25 m 284.5 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 198.25 m 284.5 198.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 196.25 m 284.5 196.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 212.25 m 353.5 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 198.25 m 353.5 198.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 196.25 m 353.5 196.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 212.25 m 422.5 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 198.25 m 422.5 198.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 196.25 m 422.5 196.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 212.25 m 491.5 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 198.25 m 491.5 198.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 196.25 m 491.5 196.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 212.25 m 560.5 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 198.25 m 560.5 198.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 196.25 m 560.5 196.25 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 53.00 622.97 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.50 624.48 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.50 624.48 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.50 624.48 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.50 624.48 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.50 624.48 Td (2013) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 53.00 609.97 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.85 611.48 Td (\(dollarsinthousands,exceptper) Tj ET Q q 0 0 0 rg BT 417.60 611.48 Td (shar) Tj ET Q q 0 0 0 rg BT 434.57 611.48 Td (eamounts\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 596.92 Td (OPERA) Tj ET Q q 0 0 0 rg BT 85.23 596.92 Td (TING RESUL) Tj ET Q q 0 0 0 rg BT 142.27 596.92 Td (TS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 281.00 595.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 350.00 595.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 419.00 595.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 488.00 595.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 557.00 595.01 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.92 Td (Operating revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 581.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 581.92 Td (3,565,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 581.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 581.92 Td (3,498,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 581.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 581.92 Td (3,495,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 581.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 581.92 Td (3,491,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 581.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 581.92 Td (3,454,628) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.92 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 566.92 Td (507,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 566.92 Td (461,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 566.92 Td (456,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 566.92 Td (423,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 566.92 Td (439,966) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.92 Td (Less: Net income attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 541.92 Td (noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.15 541.92 Td (19,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 541.92 Td (19,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 541.92 Td (18,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 541.92 Td (26,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 541.92 Td (33,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 526.92 Td (Net income attributable to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 516.92 Td (shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 516.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 516.92 Td (488,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 516.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 516.92 Td (442,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 516.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 516.92 Td (437,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 516.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 516.92 Td (397,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 516.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 516.92 Td (406,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 501.92 Td (COMMON ST) Tj ET Q q 0 0 0 rg BT 113.20 501.92 Td (OCK DA) Tj ET Q q 0 0 0 rg BT 150.61 501.92 Td (T) Tj ET Q q 0 0 0 rg BT 155.76 501.92 Td (A) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 281.00 500.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 350.00 500.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 419.00 500.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 488.00 500.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 557.00 500.01 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 486.92 Td (Book value per share year) Tj ET Q q 0 0 0 rg BT 164.80 486.92 Td (-end) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 486.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.15 486.92 Td (44.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 486.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 486.92 Td (43.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 486.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 486.92 Td (41.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 486.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 486.92 Td (39.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 486.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 486.92 Td (38.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 471.92 Td (Earnings per weighted-average) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 461.92 Td (common share outstanding:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 281.00 460.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 350.00 460.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 419.00 460.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 488.00 460.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 557.00 460.01 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 446.92 Td (Net income attributable to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 436.92 Td (shareholders basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 436.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.15 436.92 Td (4.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 436.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 436.92 Td (3.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 436.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 436.92 Td (3.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 436.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 436.92 Td (3.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 436.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 436.92 Td (3.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 421.92 Td (Net income attributable to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 411.92 Td (shareholders diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 411.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.15 411.92 Td (4.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 411.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 411.92 Td (3.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 411.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 411.92 Td (3.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 411.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 411.92 Td (3.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 411.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 411.92 Td (3.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 396.92 Td (Dividends declared per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 396.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.15 396.92 Td (2.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 396.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 396.92 Td (2.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 396.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 396.92 Td (2.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 396.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 396.92 Td (2.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 396.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 396.92 Td (2.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 381.92 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 381.92 Td (eighted-average common shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 371.92 Td (outstanding basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.60 371.92 Td (1) Tj ET Q q 0 0 0 rg BT 235.60 371.92 Td (1) Tj ET Q q 0 0 0 rg BT 240.60 371.92 Td (1,838,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.60 371.92 Td (1) Tj ET Q q 0 0 0 rg BT 304.60 371.92 Td (1) Tj ET Q q 0 0 0 rg BT 309.60 371.92 Td (1,408,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.60 371.92 Td (1) Tj ET Q q 0 0 0 rg BT 373.60 371.92 Td (1) Tj ET Q q 0 0 0 rg BT 378.60 371.92 Td (1,025,944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.60 371.92 Td (1) Tj ET Q q 0 0 0 rg BT 442.60 371.92 Td (10,626,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.60 371.92 Td (109,984,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 356.92 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 356.92 Td (eighted-average common shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 346.92 Td (outstanding diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.60 346.92 Td (1) Tj ET Q q 0 0 0 rg BT 235.60 346.92 Td (12,366,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.60 346.92 Td (1) Tj ET Q q 0 0 0 rg BT 304.60 346.92 Td (12,046,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.60 346.92 Td (1) Tj ET Q q 0 0 0 rg BT 373.60 346.92 Td (1) Tj ET Q q 0 0 0 rg BT 378.60 346.92 Td (1,552,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.60 346.92 Td (1) Tj ET Q q 0 0 0 rg BT 442.60 346.92 Td (1) Tj ET Q q 0 0 0 rg BT 447.60 346.92 Td (1,178,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.60 346.92 Td (1) Tj ET Q q 0 0 0 rg BT 511.60 346.92 Td (10,805,943) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 331.92 Td (BALANCE SHEET) Tj ET Q q 0 0 0 rg BT 133.74 331.92 Td ( DA) Tj ET Q q 0 0 0 rg BT 150.04 331.92 Td (T) Tj ET Q q 0 0 0 rg BT 155.19 331.92 Td (A) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 281.00 330.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 350.00 330.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 419.00 330.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 488.00 330.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 557.00 330.01 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 316.92 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 316.92 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 316.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.60 316.92 Td (17,019,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 316.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.60 316.92 Td (16,004,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 316.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.60 316.92 Td (15,028,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 316.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.60 316.92 Td (14,288,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 316.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.60 316.92 Td (13,486,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 301.92 Td (Liabilities and equity:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 281.00 300.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 350.00 300.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 419.00 300.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 488.00 300.01 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 557.00 300.01 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 286.92 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 286.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 286.92 Td (1,197,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 286.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 286.92 Td (1,292,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 286.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 286.92 Td (1,442,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 286.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 286.92 Td (1,559,143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 286.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 286.92 Td (1,618,644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 271.92 Td (Long-term debt less current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 261.92 Td (maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 261.92 Td (4,789,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 261.92 Td (4,021,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 261.92 Td (3,462,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 261.92 Td (3,006,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 261.92 Td (2,774,605) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 246.92 Td (Deferred credits and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 246.92 Td (5,895,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 246.92 Td (5,753,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 246.92 Td (5,404,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 246.92 Td (5,204,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 246.92 Td (4,753,1) Tj ET Q q 0 0 0 rg BT 546.65 246.92 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 231.92 Td (T) Tj ET Q q 0 0 0 rg BT 64.76 231.92 Td (otal liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.60 231.92 Td (1) Tj ET Q q 0 0 0 rg BT 240.60 231.92 Td (1,883,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.60 231.92 Td (1) Tj ET Q q 0 0 0 rg BT 309.60 231.92 Td (1,068,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.60 231.92 Td (10,308,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 231.92 Td (9,769,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 231.92 Td (9,146,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 216.92 Td (T) Tj ET Q q 0 0 0 rg BT 64.41 216.92 Td (otal equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 216.92 Td (5,135,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 216.92 Td (4,935,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 216.92 Td (4,719,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 216.92 Td (4,519,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 216.92 Td (4,340,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 201.92 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 201.92 Td (otal liabilities and equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 201.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.60 201.92 Td (17,019,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 201.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.60 201.92 Td (16,004,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 201.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.60 201.92 Td (15,028,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 201.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.60 201.92 Td (14,288,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 201.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.60 201.92 Td (13,486,826) Tj ET Q BT /F1 11.50 Tf ET endstream endobj 105 0 obj <>] /Rotate 0 /Contents 106 0 R>> endobj 106 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (48) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 225.05 734.75 Td (SELECTED FINANCIAL) Tj ET Q q 0 0 0 rg BT 353.82 734.75 Td ( DA) Tj ET Q q 0 0 0 rg BT 372.45 734.75 Td (T) Tj ET Q q 0 0 0 rg BT 379.27 734.75 Td (A) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 146.40 714.95 Td (ARIZONA) Tj ET Q q 0 0 0 rg BT 200.08 714.95 Td ( PUBLIC SER) Tj ET Q q 0 0 0 rg BT 271.25 714.95 Td (VICE COMP) Tj ET Q q 0 0 0 rg BT 337.15 714.95 Td (ANY) Tj ET Q q 0 0 0 rg BT 361.64 714.95 Td ( CONSOLIDA) Tj ET Q q 0 0 0 rg BT 441.94 714.95 Td (TED) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 678.45 165.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 678.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 678.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 678.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 678.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 678.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 678.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 678.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 678.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 678.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 678.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 648.45 165.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 648.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 648.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 648.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 648.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 648.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 648.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 648.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 648.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 648.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 648.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 618.45 165.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 618.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 618.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 618.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 618.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 618.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 618.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 618.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 618.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 618.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 618.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 588.45 165.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 588.45 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 588.45 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 588.45 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 588.45 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 588.45 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 588.45 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 588.45 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 588.45 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 588.45 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 588.45 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 548.45 165.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 548.45 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 548.45 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 548.45 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 548.45 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 548.45 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 548.45 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 548.45 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 548.45 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 548.45 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 548.45 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 498.45 165.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 498.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 498.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 498.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 498.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 498.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 498.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 498.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 498.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 498.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 498.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 468.45 165.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 468.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 468.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 468.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 468.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 468.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 468.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 468.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 468.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 468.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 468.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 438.45 165.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 438.45 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 438.45 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 438.45 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 438.45 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 438.45 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 438.45 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 438.45 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 438.45 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 438.45 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 438.45 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 398.45 165.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 398.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 398.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 398.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 398.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 398.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 398.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 398.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 398.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 398.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 398.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 368.45 165.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 368.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 368.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 368.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 368.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 368.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 368.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 368.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 368.45 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 368.45 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 368.45 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 691.45 m 284.5 691.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 691.45 m 353.5 691.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 691.45 m 422.5 691.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 691.45 m 491.5 691.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 691.45 m 560.5 691.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 618.45 m 284.5 618.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 618.45 m 353.5 618.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 618.45 m 422.5 618.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 618.45 m 491.5 618.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 618.45 m 560.5 618.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 618.45 m 560.5 618.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 563.45 m 284.5 563.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 563.45 m 353.5 563.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 563.45 m 422.5 563.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 563.45 m 491.5 563.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 563.45 m 560.5 563.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 563.45 m 560.5 563.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 523.45 m 284.5 523.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 523.45 m 353.5 523.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 523.45 m 422.5 523.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 523.45 m 491.5 523.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 523.45 m 560.5 523.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 523.45 m 284.5 523.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 499.45 m 284.5 499.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 497.45 m 284.5 497.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 523.45 m 353.5 523.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 499.45 m 353.5 499.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 497.45 m 353.5 497.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 523.45 m 422.5 523.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 499.45 m 422.5 499.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 497.45 m 422.5 497.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 523.45 m 491.5 523.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 499.45 m 491.5 499.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 497.45 m 491.5 497.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 523.45 m 560.5 523.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 499.45 m 560.5 499.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 497.45 m 560.5 497.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 469.45 m 284.5 469.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 467.45 m 284.5 467.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 469.45 m 353.5 469.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 467.45 m 353.5 467.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 469.45 m 422.5 469.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 467.45 m 422.5 467.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 469.45 m 491.5 469.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 467.45 m 491.5 467.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 469.45 m 560.5 469.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 467.45 m 560.5 467.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 413.45 m 284.5 413.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 413.45 m 353.5 413.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 413.45 m 422.5 413.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 413.45 m 491.5 413.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 413.45 m 560.5 413.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 413.45 m 560.5 413.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 368.45 m 284.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 368.45 m 353.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 368.45 m 422.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 368.45 m 491.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 368.45 m 560.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 368.45 m 284.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 354.45 m 284.5 354.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 352.45 m 284.5 352.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 368.45 m 353.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 354.45 m 353.5 354.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 352.45 m 353.5 352.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 368.45 m 422.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 354.45 m 422.5 354.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 352.45 m 422.5 352.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 368.45 m 491.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 354.45 m 491.5 354.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 352.45 m 491.5 352.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 368.45 m 560.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 354.45 m 560.5 354.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 352.45 m 560.5 352.45 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 53.00 694.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.50 695.68 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.50 695.68 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.50 695.68 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.50 695.68 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.50 695.68 Td (2013) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 53.00 681.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.35 682.68 Td (\(dollarsinthousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 669.02 Td (OPERA) Tj ET Q q 0 0 0 rg BT 85.23 669.02 Td (TING RESUL) Tj ET Q q 0 0 0 rg BT 142.27 669.02 Td (TS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 281.00 666.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 350.00 666.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 419.00 666.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 488.00 666.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 557.00 666.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 654.02 Td (Electric operating revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 653.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 653.12 Td (3,554,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 653.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 653.12 Td (3,489,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 653.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 653.12 Td (3,492,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 653.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 653.12 Td (3,488,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 653.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 653.12 Td (3,451,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 639.02 Td (Fuel and purchased power costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 638.12 Td (992,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 638.12 Td (1,082,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 638.12 Td (1,101,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 638.12 Td (1,179,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 638.12 Td (1,095,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 624.02 Td (Other operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 623.12 Td (1,881,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 623.12 Td (1,789,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 623.12 Td (1,779,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 623.12 Td (1,716,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 623.12 Td (1,733,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 609.02 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 608.12 Td (679,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 608.12 Td (617,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 608.12 Td (61) Tj ET Q q 0 0 0 rg BT 396.15 608.12 Td (1,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 608.12 Td (592,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 608.12 Td (621,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 594.02 Td (Other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.15 593.12 Td (36,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 593.12 Td (46,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 593.12 Td (33,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 593.12 Td (36,358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 593.12 Td (20,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 579.02 Td (Interest expense net of allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 569.02 Td (for borrowed funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 568.12 Td (192,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 568.12 Td (183,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 568.12 Td (176,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 568.12 Td (181,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 568.12 Td (183,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 554.02 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 553.12 Td (523,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 553.12 Td (481,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 553.12 Td (469,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 553.12 Td (447,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 553.12 Td (458,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 539.02 Td (Less: Net income attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 529.02 Td (noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.15 528.12 Td (19,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 528.12 Td (19,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 528.12 Td (18,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 528.12 Td (26,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 528.12 Td (33,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 514.02 Td (Net income attributable to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 504.02 Td (shareholder) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 503.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 503.12 Td (504,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 503.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 503.12 Td (462,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 503.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 503.12 Td (450,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 503.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 503.12 Td (421,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 503.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 503.12 Td (424,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 489.02 Td (BALANCE SHEET) Tj ET Q q 0 0 0 rg BT 133.74 489.02 Td ( DA) Tj ET Q q 0 0 0 rg BT 150.04 489.02 Td (T) Tj ET Q q 0 0 0 rg BT 155.19 489.02 Td (A) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 281.00 486.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 350.00 486.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 419.00 486.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 488.00 486.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 557.00 486.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 474.02 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 474.02 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 473.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.60 473.12 Td (16,893,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 473.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.60 473.12 Td (15,931,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 473.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.60 473.12 Td (14,982,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 473.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.60 473.12 Td (14,190,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 473.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.60 473.12 Td (13,359,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 459.02 Td (Liabilities and equity:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 281.00 456.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 350.00 456.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 419.00 456.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 488.00 456.21 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 557.00 456.21 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 444.02 Td (T) Tj ET Q q 0 0 0 rg BT 64.76 444.02 Td (otal equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 443.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 443.12 Td (5,385,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 443.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 443.12 Td (5,037,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 443.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 443.12 Td (4,814,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 443.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 443.12 Td (4,629,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 443.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 443.12 Td (4,454,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 429.02 Td (Long-term debt less current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 419.02 Td (maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 418.12 Td (4,491,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 418.12 Td (4,021,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 418.12 Td (3,337,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 418.12 Td (2,881,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 418.12 Td (2,649,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 404.02 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 404.02 Td (otal capitalization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 403.12 Td (9,877,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 403.12 Td (9,059,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 403.12 Td (8,152,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 403.12 Td (7,51) Tj ET Q q 0 0 0 rg BT 465.15 403.12 Td (1,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 403.12 Td (7,104,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 389.02 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 388.12 Td (1,098,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 388.12 Td (1,094,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 388.12 Td (1,424,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 388.12 Td (1,532,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 388.12 Td (1,580,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 374.02 Td (Deferred credits and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 373.12 Td (5,918,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 373.12 Td (5,777,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 373.12 Td (5,405,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 373.12 Td (5,146,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 373.12 Td (4,674,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 359.02 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 359.02 Td (otal liabilities and equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 358.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.60 358.12 Td (16,893,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 358.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.60 358.12 Td (15,931,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 358.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.60 358.12 Td (14,982,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 358.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.60 358.12 Td (14,190,362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 358.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.60 358.12 Td (13,359,517) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 340.15 Td ( ) Tj ET Q endstream endobj 107 0 obj <>] /Rotate 0 /Contents 108 0 R>> endobj 108 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (49) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 153.60 734.75 Td (ITEM 7. MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 374.05 734.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 401.21 734.75 Td (ANAL) Tj ET Q q 0 0 0 rg BT 432.74 734.75 Td (YSIS ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 140.25 720.95 Td (OF) Tj ET Q q 0 0 0 rg BT 155.79 720.95 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 223.21 720.95 Td ( CONDITION ) Tj ET Q q 0 0 0 rg BT 296.06 720.95 Td (AND RESUL) Tj ET Q q 0 0 0 rg BT 361.14 720.95 Td (TS OF) Tj ET Q q 0 0 0 rg BT 393.62 720.95 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 435.89 720.95 Td (TIONS) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 259.95 693.35 Td (INTRODUCTION) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 679.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 95.50 665.75 Td (The following discussion should be read in conjunction with Pinnacle ) Tj ET Q q 0 0 0 rg BT 419.16 665.75 Td (W) Tj ET Q q 0 0 0 rg BT 429.10 665.75 Td (est) Tj ET Q q 0 0 0 rg BT 445.07 665.75 Td (s Consolidated Financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.95 Td (Statements and ) Tj ET Q q 0 0 0 rg BT 121.69 651.95 Td (APS) Tj ET Q q 0 0 0 rg BT 145.98 651.95 Td (s Consolidated Financial Statements and the related Notes that appear in Item 8 of this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.15 Td (report. For information on factors that may cause our actual future results to dif) Tj ET Q q 0 0 0 rg BT 417.51 638.15 Td (fer from those we currently ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.35 Td (seek or anticipate, see Forward-Looking Statements at the front of this report and Risk Factors in Item 1A.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 273.70 596.75 Td (OVER) Tj ET Q q 0 0 0 rg BT 306.52 596.75 Td (VIEW) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 582.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 569.15 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 569.15 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 569.15 Td (est owns all of the outstanding common stock of ) Tj ET Q q 0 0 0 rg BT 362.89 569.15 Td (APS. ) Tj ET Q q 0 0 0 rg BT 391.98 569.15 Td (APS is a vertically-integrated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.35 Td (electric utility that provides either retail or wholesale electric service to most of the state of ) Tj ET Q q 0 0 0 rg BT 470.39 555.35 Td (Arizona, with the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.55 Td (major exceptions of about one-half of the Phoenix metropolitan area, the ) Tj ET Q q 0 0 0 rg BT 386.52 541.55 Td (T) Tj ET Q q 0 0 0 rg BT 393.14 541.55 Td (ucson metropolitan area and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.75 Td (Mohave County in northwestern ) Tj ET Q q 0 0 0 rg BT 200.90 527.75 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 245.93 527.75 Td (APS currently accounts for essentially all of our revenues and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.95 Td (earnings.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 500.15 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 486.35 Td (Ar) Tj ET Q q 0 0 0 rg BT 62.70 486.35 Td (eas of Business Focus) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.55 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 458.75 Td (Operational Performance, Reliability and Recent Developments.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 444.95 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 431.15 Td (Nuclear) Tj ET Q q 0 0 0 rg BT 123.40 431.15 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 129.15 431.15 Td ( ) Tj ET Q q 0 0 0 rg BT 131.40 431.15 Td (APS operates and is a joint owner of Palo ) Tj ET Q q 0 0 0 rg BT 325.70 431.15 Td (V) Tj ET Q q 0 0 0 rg BT 332.73 431.15 Td (erde. Palo ) Tj ET Q q 0 0 0 rg BT 384.26 431.15 Td (V) Tj ET Q q 0 0 0 rg BT 391.29 431.15 Td (erde experienced strong performance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.35 Td (throughout 2017. ) Tj ET Q q 0 0 0 rg BT 134.26 417.35 Td (The ) Tj ET Q q 0 0 0 rg BT 154.38 417.35 Td (April and October scheduled refueling outages were each completed in 30 days. During ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.55 Td (the peak summer demand season, its capacity factor was 98.9%, and the total year capacity factor was 93.8%. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.75 Td (For additional information, see Business of ) Tj ET Q q 0 0 0 rg BT 255.52 389.75 Td (Arizona Public Service Company - Ener) Tj ET Q q 0 0 0 rg BT 440.86 389.75 Td (gy Sources and Resource ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.95 Td (Planning - GenerationFacilities - Nuclear) Tj ET Q q 0 0 0 rg BT 241.44 375.95 Td (.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 51.50 348.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 348.35 Td (Coal and Related Envir) Tj ET Q q 0 0 0 rg BT 201.26 348.35 Td (onmental Matters and ) Tj ET Q q 0 0 0 rg BT 313.17 348.35 Td (T) Tj ET Q q 0 0 0 rg BT 319.99 348.35 Td (ransactions.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 379.09 348.35 Td ( ) Tj ET Q q 0 0 0 rg BT 384.20 348.35 Td (APS is a joint owner of three coal-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.50 334.55 Td (fired power plants and acts as operating agent for two of the plants. ) Tj ET Q q 0 0 0 rg BT 366.07 334.55 Td (APS is focused on the impacts on its coal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.50 320.75 Td (fleet that may result from increased regulation and potential legislation concerning GHG emissions. On ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.50 306.95 Td (August 3, 2015, EP) Tj ET Q q 0 0 0 rg BT 140.22 306.95 Td (A) Tj ET Q q 0 0 0 rg BT 147.89 306.95 Td ( finalized a ruleto limit carbon dioxide emissions from existing power plants \(the "Clean ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.50 293.15 Td (Power Plan"\). On October 10, 2017, EP) Tj ET Q q 0 0 0 rg BT 236.56 293.15 Td (A) Tj ET Q q 0 0 0 rg BT 244.23 293.15 Td ( issued a proposal to repeal the Clean Power Plan. On December 18, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.50 279.35 Td (2017, EP) Tj ET Q q 0 0 0 rg BT 92.62 279.35 Td (A) Tj ET Q q 0 0 0 rg BT 100.29 279.35 Td ( issued an ) Tj ET Q q 0 0 0 rg BT 147.88 279.35 Td (Advanced Notice of Proposed Rulemaking through which EP) Tj ET Q q 0 0 0 rg BT 430.13 279.35 Td (A) Tj ET Q q 0 0 0 rg BT 437.80 279.35 Td ( is soliciting comments as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.50 265.55 Td (to potential replacements for the Clean Power Plan that would be consistent with EP) Tj ET Q q 0 0 0 rg BT 438.50 265.55 Td (A's current legal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.50 251.75 Td (interpretation of the Clean ) Tj ET Q q 0 0 0 rg BT 174.77 251.75 Td (Air ) Tj ET Q q 0 0 0 rg BT 192.34 251.75 Td (Act. ) Tj ET Q q 0 0 0 rg BT 216.94 251.75 Td (APS will monitor these proceedings to assess whether or how any future ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.50 237.95 Td (proposed regulations of carbon emissions from existing EGUs would af) Tj ET Q q 0 0 0 rg BT 381.23 237.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 400.70 237.95 Td (APS. See "Business - ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.50 224.15 Td (Environmental Matters - Climate Change - Regulatory Initiatives" for additional information on the current ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.50 210.35 Td (status of EP) Tj ET Q q 0 0 0 rg BT 105.39 210.35 Td (A's carbon pollution standards for EGUs. ) Tj ET Q q 0 0 0 rg BT 300.38 210.35 Td (APS continually analyzes its long-range capital ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.50 196.55 Td (management plans to assess the potential ef) Tj ET Q q 0 0 0 rg BT 251.85 196.55 Td (fects of these changes, understanding that any resulting regulation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.50 182.75 Td (and legislation could impact the economic viability of certain plants, as well as the willingness or ability of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.50 168.95 Td (power plant participants to continue participation in such plants. ) Tj ET Q endstream endobj 109 0 obj <>] /Rotate 0 /Contents 110 0 R>> endobj 110 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (50) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 734.75 Td (Cholla) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 707.15 Td (On September 1) Tj ET Q q 0 0 0 rg BT 159.81 707.15 Td (1, 2014, ) Tj ET Q q 0 0 0 rg BT 199.42 707.15 Td (APS announced that it would close its 260 MW) Tj ET Q q 0 0 0 rg BT 418.34 707.15 Td ( Unit 2 at Cholla and cease ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td (burning coal at the other ) Tj ET Q q 0 0 0 rg BT 164.15 693.35 Td (APS-owned units \(Units 1 and 3\) at the plant by the mid-2020s, if EP) Tj ET Q q 0 0 0 rg BT 482.52 693.35 Td (A) Tj ET Q q 0 0 0 rg BT 490.19 693.35 Td ( approves a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.55 Td (compromise proposal of) Tj ET Q q 0 0 0 rg BT 161.08 679.55 Td (fered by ) Tj ET Q q 0 0 0 rg BT 201.31 679.55 Td (APS to meet required environmental and emissions standards and rules. On ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.75 Td (April 14, 2015, the ) Tj ET Q q 0 0 0 rg BT 138.94 665.75 Td (ACC approved ) Tj ET Q q 0 0 0 rg BT 210.49 665.75 Td (APS's plan to retire Unit 2, without expressing any view on the future ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.95 Td (recoverability of ) Tj ET Q q 0 0 0 rg BT 128.05 651.95 Td (APS's remaining investment in the Unit, which was later addressed in the 2017 Settlement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.15 Td (Agreement. \(See Note 3 for details related to the resulting cost recovery) Tj ET Q q 0 0 0 rg BT 382.46 638.15 Td (.\) ) Tj ET Q q 0 0 0 rg BT 394.28 638.15 Td (APS believes that the environmental ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.35 Td (benefits of this proposal are greater in the long-term than the benefits that would have resulted from adding ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.55 Td (emissions control equipment. ) Tj ET Q q 0 0 0 rg BT 189.73 610.55 Td (APS closed Unit 2 on October 1, 2015. In early 2017, EP) Tj ET Q q 0 0 0 rg BT 454.74 610.55 Td (A) Tj ET Q q 0 0 0 rg BT 462.41 610.55 Td ( approved a final rule ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.75 Td (incorporating ) Tj ET Q q 0 0 0 rg BT 113.69 596.75 Td (APS's compromise proposal, which took ef) Tj ET Q q 0 0 0 rg BT 312.32 596.75 Td (fect for Cholla on ) Tj ET Q q 0 0 0 rg BT 396.00 596.75 Td (April 26, 2017. For additional ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.95 Td (information, see "Business of ) Tj ET Q q 0 0 0 rg BT 187.39 582.95 Td (Arizona Public Service Company - Ener) Tj ET Q q 0 0 0 rg BT 372.73 582.95 Td (gy Sources and Resource Planning - ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.15 Td (Coal-Fueled Generating Facilities - Cholla.") Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 541.55 Td (Four) Tj ET Q q 0 0 0 rg BT 109.57 541.55 Td ( Corners) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 527.75 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 513.95 Td (Asset Purchase ) Tj ET Q q 0 0 0 rg BT 160.47 513.95 Td (Agreement and Coal Supply Matters.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 335.87 513.95 Td ( On December 30, 2013, ) Tj ET Q q 0 0 0 rg BT 454.04 513.95 Td (APS purchased SCE) Tj ET Q q 0 0 0 rg BT 551.79 513.95 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.15 Td (48% interest in each of Units 4 and 5 of Four Corners. ) Tj ET Q q 0 0 0 rg BT 304.80 500.15 Td (The final purchase price for the interest was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.35 Td (approximately $182 million. In connection with ) Tj ET Q q 0 0 0 rg BT 275.00 486.35 Td (APS) Tj ET Q q 0 0 0 rg BT 299.29 486.35 Td (s prior general retail rate case with the ) Tj ET Q q 0 0 0 rg BT 477.47 486.35 Td (ACC, the ) Tj ET Q q 0 0 0 rg BT 523.15 486.35 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.55 Td (reserved the right to review the prudence of the Four Corners transaction for cost recovery purposes upon the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.75 Td (closing of the transaction. On December 23, 2014, the ) Tj ET Q q 0 0 0 rg BT 303.40 458.75 Td (ACC approved rate adjustments related to ) Tj ET Q q 0 0 0 rg BT 498.85 458.75 Td (APS) Tj ET Q q 0 0 0 rg BT 523.15 458.75 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.95 Td (acquisition of SCE) Tj ET Q q 0 0 0 rg BT 139.58 444.95 Td (s interest in Four Corners resulting in a revenue increase of $57.1 million on an annual ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.15 Td (basis. ) Tj ET Q q 0 0 0 rg BT 80.92 431.15 Td (This decision was appealed and, on September 26, 2017, the Court of ) Tj ET Q q 0 0 0 rg BT 402.54 431.15 Td (Appeals af) Tj ET Q q 0 0 0 rg BT 451.82 431.15 Td (firmed the ) Tj ET Q q 0 0 0 rg BT 501.64 431.15 Td (ACC's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.35 Td (decision on the Four Corners rate adjustment. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 389.75 Td (Concurrently with the closing of the SCE transaction described above, BHP) Tj ET Q q 0 0 0 rg BT 434.16 389.75 Td ( Billiton, the parent ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.95 Td (company of BNCC, the coal supplier and operator of the mine that served Four Corners, transferred its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.15 Td (ownership of BNCC to NTEC, a company formed by the Navajo Nation to own the mine and develop other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.35 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 348.35 Td (gy projects. ) Tj ET Q q 0 0 0 rg BT 127.85 348.35 Td (Also occurring concurrently with the closing, the Four Corners) Tj ET Q q 0 0 0 rg BT 420.51 348.35 Td ( co-owners executed the 2016 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.55 Td (Coal Supply ) Tj ET Q q 0 0 0 rg BT 108.93 334.55 Td (Agreement for the supply of coal to Four Corners from July 2016 through 2031. El Paso, a 7% ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.75 Td (owner in Units 4 and 5 of Four Corners, did not sign the 2016 Coal Supply ) Tj ET Q q 0 0 0 rg BT 396.09 320.75 Td (Agreement. Under the 2016 Coal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.95 Td (Supply ) Tj ET Q q 0 0 0 rg BT 84.33 306.95 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 140.54 306.95 Td (APS agreed to assume the 7% shortfall obligation. \(See Note 10 for a discussion of a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.15 Td (pending arbitration related to the 2016 Coal Supply ) Tj ET Q q 0 0 0 rg BT 288.41 293.15 Td (Agreement.\) On February 17, 2015, ) Tj ET Q q 0 0 0 rg BT 458.63 293.15 Td (APS and El Paso ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.35 Td (entered into an asset purchase agreement providing for the purchase by ) Tj ET Q q 0 0 0 rg BT 378.73 279.35 Td (APS, or an af) Tj ET Q q 0 0 0 rg BT 440.49 279.35 Td (filiate of ) Tj ET Q q 0 0 0 rg BT 482.01 279.35 Td (APS, of El ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.55 Td (Paso) Tj ET Q q 0 0 0 rg BT 74.42 265.55 Td (s 7% interest in each of Units 4 and 5 of Four Corners. 4CA) Tj ET Q q 0 0 0 rg BT 352.62 265.55 Td ( purchased the El Paso interest on July 6, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.75 Td (2016. ) Tj ET Q q 0 0 0 rg BT 80.92 251.75 Td (The purchase price was immaterial in amount, and 4CA) Tj ET Q q 0 0 0 rg BT 337.36 251.75 Td ( assumed El Paso's reclamation and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.95 Td (decommissioning obligations associated with the 7% interest.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 214.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 214.15 Td (NTEC had the option to purchase the 7% interest within a certain timeframe pursuant to an option ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 200.35 Td (granted to NTEC. On December 29, 2015, NTEC provided notice of its intent to exercise the option. ) Tj ET Q q 0 0 0 rg BT 520.37 200.35 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 186.55 Td (purchase did not occur during the originally contemplated timeframe. ) Tj ET Q q 0 0 0 rg BT 374.71 186.55 Td (The parties are currently in discussions ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 172.75 Td (as to the future of the option transaction. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 145.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 145.15 Td (The 2016 Coal Supply ) Tj ET Q q 0 0 0 rg BT 191.56 145.15 Td (Agreement contains alternate pricing terms for the 7% shortfall obligations in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 131.35 Td (the event NTEC does not purchase the interest. ) Tj ET Q q 0 0 0 rg BT 271.14 131.35 Td (At this time, since NTEC has not yet purchased the 7% ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 117.55 Td (interest, the alternate pricing provisions are applicable to 4CA) Tj ET Q q 0 0 0 rg BT 334.68 117.55 Td ( as the holder of the 7% interest. ) Tj ET Q q 0 0 0 rg BT 489.04 117.55 Td (These terms ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 103.75 Td (include a formula under which NTEC must make certain payments to 4CA) Tj ET Q q 0 0 0 rg BT 393.46 103.75 Td ( for reimbursement of operations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 89.95 Td (and maintenance costs and a specified rate of return, of) Tj ET Q q 0 0 0 rg BT 302.83 89.95 Td (fset by revenue generated by 4CA) Tj ET Q q 0 0 0 rg BT 458.34 89.95 Td () Tj ET Q q 0 0 0 rg BT 461.54 89.95 Td (s power sales. Such ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 76.15 Td (payments are due to 4CA) Tj ET Q q 0 0 0 rg BT 165.75 76.15 Td ( at the end of each calendar year) Tj ET Q q 0 0 0 rg BT 313.57 76.15 Td (. ) Tj ET Q q 0 0 0 rg BT 321.56 76.15 Td (A) Tj ET Q q 0 0 0 rg BT 329.23 76.15 Td ( $10 million payment was due to 4CA) Tj ET Q q 0 0 0 rg BT 503.96 76.15 Td ( at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 62.35 Td (December 31, 2017, which NTEC satisfied by directing to 4CA) Tj ET Q q 0 0 0 rg BT 341.74 62.35 Td ( a prepayment from ) Tj ET Q q 0 0 0 rg BT 434.35 62.35 Td (APS of a portion of a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 48.55 Td (future mine reclamation obligation. ) Tj ET Q q 0 0 0 rg BT 217.91 48.55 Td (The balance of the amount under this formula at December 31, 2017 is ) Tj ET Q endstream endobj 111 0 obj <>] /Rotate 0 /Contents 112 0 R>> endobj 112 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (51) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (approximately $20 million, which is due to 4CA) Tj ET Q q 0 0 0 rg BT 271.82 734.55 Td ( at December 31, 2018. In future years there may be similar ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (payments due from NTEC to 4CA) Tj ET Q q 0 0 0 rg BT 206.97 720.75 Td ( under this formula. 4CA) Tj ET Q q 0 0 0 rg BT 324.52 720.75 Td ( believes NTEC should continue to satisfy its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (contractual obligations related to these payments; however) Tj ET Q q 0 0 0 rg BT 319.21 706.95 Td (, if NTEC fails to meet its contractual obligations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (when due, 4CA) Tj ET Q q 0 0 0 rg BT 120.73 693.15 Td ( will consider appropriate measures and potential impacts to the Company's financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (statements.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 651.75 Td (Lease Extension.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 166.64 651.75 Td ( ) Tj ET Q q 0 0 0 rg BT 171.76 651.75 Td (APS, on behalf of the Four Corners participants, negotiated amendments to an ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (existing facility lease with the Navajo Nation, which extends the Four Corners leasehold interest from 2016 to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (2041. ) Tj ET Q q 0 0 0 rg BT 80.92 624.15 Td (The Navajo Nation approved these amendments in March201) Tj ET Q q 0 0 0 rg BT 366.63 624.15 Td (1. ) Tj ET Q q 0 0 0 rg BT 380.80 624.15 Td (The ef) Tj ET Q q 0 0 0 rg BT 410.28 624.15 Td (fectiveness of the amendments ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (also required the approval of the DOI, as did a related federal rights-of-way grant. ) Tj ET Q q 0 0 0 rg BT 431.74 610.35 Td (A) Tj ET Q q 0 0 0 rg BT 439.41 610.35 Td ( federal environmental ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (review was undertaken as part of the DOI review process, and culminated in the issuance by DOI of a record ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (of decision on July 17, 2015 justifying the agency action extending the life of the plant and the adjacent mine. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 555.15 Td (On ) Tj ET Q q 0 0 0 rg BT 101.80 555.15 Td (April 20, 2016, several environmental groups filed a lawsuit against OSM and other federal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (agencies in the District of ) Tj ET Q q 0 0 0 rg BT 169.90 541.35 Td (Arizona in connection with their issuance of the approvals that extended the life of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (Four Corners and the adjacent mine. ) Tj ET Q q 0 0 0 rg BT 222.39 527.55 Td (The lawsuit alleges that these federal agencies violated both the ESA) Tj ET Q q 0 0 0 rg BT 539.18 527.55 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (NEP) Tj ET Q q 0 0 0 rg BT 70.17 513.75 Td (A) Tj ET Q q 0 0 0 rg BT 77.84 513.75 Td ( in providing the federal approvals necessary to extend operations at the Four Corners Power Plant and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (the adjacent Navajo Mine past July 6, 2016. ) Tj ET Q q 0 0 0 rg BT 256.78 499.95 Td (APS filed a motion to intervene in the proceedings, which was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (granted on ) Tj ET Q q 0 0 0 rg BT 100.60 486.15 Td (August 3, 2016. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 458.55 Td (On September 15, 2016, NTEC, the company that owns the adjacent mine, filed a motion to intervene ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.75 Td (for the purpose of dismissing the lawsuit based on NTEC's tribal sovereign immunity) Tj ET Q q 0 0 0 rg BT 441.14 444.75 Td (. On September 1) Tj ET Q q 0 0 0 rg BT 524.08 444.75 Td (1, 2017, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (the ) Tj ET Q q 0 0 0 rg BT 65.79 430.95 Td (Arizona District Court issued an order granting NTEC's motion, dismissing the litigation with prejudice, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (and terminating the proceedings. On November 9, 2017, the environmental group plaintif) Tj ET Q q 0 0 0 rg BT 463.51 417.15 Td (fs appealed the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td (district court order dismissing their lawsuit. ) Tj ET Q q 0 0 0 rg BT 255.63 403.35 Td (W) Tj ET Q q 0 0 0 rg BT 265.56 403.35 Td (e cannot predict whether this appeal will be successful and, if it ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td (is successful, the outcome of further district court proceedings.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 361.95 Td (For additional information, see "Business of ) Tj ET Q q 0 0 0 rg BT 291.11 361.95 Td (Arizona Public Service Company - Ener) Tj ET Q q 0 0 0 rg BT 476.45 361.95 Td (gy Sources and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td (Resource Planning - Generation Facilities - Coal-Fueled Generating Facilities - Four Corners." ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 321.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 321.75 Td (Navajo Plant) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 294.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 294.15 Td (The co-owners of the Navajo Plant and the Navajo Nation agreed that the Navajo Plant will remain in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 280.35 Td (operation until December 2019 under the existing plant lease. ) Tj ET Q q 0 0 0 rg BT 338.31 280.35 Td (The co-owners and the Navajo Nation executed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 266.55 Td (a lease extension on November 29, 2017 that will allow for decommissioning activities to begin after the plant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 252.75 Td (ceases operations in December 2019. ) Tj ET Q q 0 0 0 rg BT 225.88 252.75 Td (V) Tj ET Q q 0 0 0 rg BT 232.92 252.75 Td (arious stakeholders including regulators, tribal representatives, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.95 Td (plant's coal supplier and DOI have been meeting to determine if an alternate solution can be reached that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 225.15 Td (would permit continued operation of the plant beyond 2019. ) Tj ET Q q 0 0 0 rg BT 331.52 225.15 Td (Although we cannot predict whether any alternate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 211.35 Td (plans will be found that would be acceptable to all of the stakeholders and feasible to implement, we believe it ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 197.55 Td (is probable that the Navajo Plant will cease operations in December 2019. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 169.95 Td (APS is currently recovering depreciation and a return on the net book value of its interest in the Navajo ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 156.15 Td (Plant over its previously estimated life through 2026. ) Tj ET Q q 0 0 0 rg BT 299.28 156.15 Td (APS will seek continued recovery in rates for the book ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 142.35 Td (value of its remaining investment in the plant \(see Note 3 for details related to the resulting regulatory asset\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 128.55 Td (plus a return on the net book value as well as other costs related to retirement and closure, which are still being ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 114.75 Td (assessed and may be material. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 87.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 87.15 Td (On February 14, 2017, the ) Tj ET Q q 0 0 0 rg BT 209.11 87.15 Td (ACC opened a docket titled "ACC Investigation Concerning the Future of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 73.35 Td (the Navajo Generating Station" with the stated goal of engaging stakeholders and negotiating a sustainable ) Tj ET Q endstream endobj 113 0 obj <>] /Rotate 0 /Contents 114 0 R>> endobj 114 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (52) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (pathway for the Navajo Plant to continue operating in some form after December 2019. ) Tj ET Q q 0 0 0 rg BT 457.00 734.55 Td (APS cannot predict ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (the outcome of this proceeding.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 693.15 Td (For additional information, see "Business of ) Tj ET Q q 0 0 0 rg BT 291.11 693.15 Td (Arizona Public Service Company - Ener) Tj ET Q q 0 0 0 rg BT 476.45 693.15 Td (gy Sources and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (Resource Planning - Generation Facilities - Coal-Fueled Generating Facilities - Navajo Plant.") Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 651.75 Td (Natural Gas.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 148.75 651.75 Td ( ) Tj ET Q q 0 0 0 rg BT 153.87 651.75 Td (APS has six natural gas power plants located throughout ) Tj ET Q q 0 0 0 rg BT 416.10 651.75 Td (Arizona, including Ocotillo. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (Ocotillo is a 330 MW) Tj ET Q q 0 0 0 rg BT 149.59 637.95 Td ( 4-unit gas plant located in the metropolitan Phoenix area. In early 2014, ) Tj ET Q q 0 0 0 rg BT 488.12 637.95 Td (APS announced ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (a project to modernize the plant, which involves retiring two older 1) Tj ET Q q 0 0 0 rg BT 362.69 624.15 Td (10 MW) Tj ET Q q 0 0 0 rg BT 397.93 624.15 Td ( steam units, adding five 102 MW) Tj ET Q q 0 0 0 rg BT 554.55 624.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (combustion turbines and maintaining two existing 55 MW) Tj ET Q q 0 0 0 rg BT 317.92 610.35 Td ( combustion turbines. In total, this increases the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (capacity of the site by 290 MW) Tj ET Q q 0 0 0 rg BT 193.43 596.55 Td (, to 620 MW) Tj ET Q q 0 0 0 rg BT 251.15 596.55 Td (, with completion tar) Tj ET Q q 0 0 0 rg BT 346.76 596.55 Td (geted by summer 2019. \(See Note 3 for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (details of the rate recovery in our 2017 Rate Case Decision.\) For additional information, see "Business of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (Arizona Public Service Company - Ener) Tj ET Q q 0 0 0 rg BT 234.84 568.95 Td (gy Sources and Resource Planning - Generation Facilities - Coal-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (Fueled Generating Facilities - Natural Gas and Oil-Fueled Generating Facilities.") Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 527.55 Td (T) Tj ET Q q 0 0 0 rg BT 92.32 527.55 Td (ransmission and Delivery) Tj ET Q q 0 0 0 rg BT 216.28 527.55 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 219.15 527.55 Td ( ) Tj ET Q q 0 0 0 rg BT 224.27 527.55 Td (APS is working closely with regulators to identify and plan for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (transmission needs that continue to support system reliability) Tj ET Q q 0 0 0 rg BT 330.15 513.75 Td (, access to markets and renewable ener) Tj ET Q q 0 0 0 rg BT 508.43 513.75 Td (gy ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (development. ) Tj ET Q q 0 0 0 rg BT 117.32 499.95 Td (The capital expenditures table presented in the "Liquidity and Capital Resources" section below ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (includes new ) Tj ET Q q 0 0 0 rg BT 112.10 486.15 Td (APS transmission projects, along with other transmission costs for upgrades and replacements. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (APS is also working to establish and expand advanced grid technologies throughout its service territory to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (provide long-term benefits both to ) Tj ET Q q 0 0 0 rg BT 209.52 458.55 Td (APS and its customers. ) Tj ET Q q 0 0 0 rg BT 321.33 458.55 Td (APS is strategically deploying a variety of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.75 Td (technologies that are intended to allow customers to better manage their ener) Tj ET Q q 0 0 0 rg BT 402.80 444.75 Td (gy usage, minimize system outage ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (durations and frequency) Tj ET Q q 0 0 0 rg BT 159.88 430.95 Td (, enable customer choice for new customer sited technologies, and facilitate greater ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (cost savings to ) Tj ET Q q 0 0 0 rg BT 119.46 417.15 Td (APS through improved reliability and the automation of certain distribution functions.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 403.35 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 389.55 Td (Energy Imbalance Market. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 224.44 389.55 Td (In 2015, ) Tj ET Q q 0 0 0 rg BT 265.01 389.55 Td (APS and the CAISO, the operator for the majority of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td (California's transmission grid, signed an agreement for ) Tj ET Q q 0 0 0 rg BT 303.88 375.75 Td (APS to begin participation in EIM. ) Tj ET Q q 0 0 0 rg BT 469.99 375.75 Td (APS's participation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (in the EIM began on October 1, 2016. ) Tj ET Q q 0 0 0 rg BT 229.74 361.95 Td (The EIM allows for rebalancing supply and demand in 15-minute ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td (blocks with dispatching every five minutes before the ener) Tj ET Q q 0 0 0 rg BT 318.82 348.15 Td (gy is needed, instead of the traditional one hour ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.35 Td (blocks. ) Tj ET Q q 0 0 0 rg BT 87.52 334.35 Td (APS expects that its participation in EIM will lower its fuel costs, improve visibility and situational ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (awareness for system operations in the ) Tj ET Q q 0 0 0 rg BT 230.05 320.55 Td (W) Tj ET Q q 0 0 0 rg BT 239.99 320.55 Td (estern Interconnection power grid, and improve integration of ) Tj ET Q q 0 0 0 rg BT 526.44 320.55 Td (APS) Tj ET Q q 0 0 0 rg BT 550.73 320.55 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (renewable resources. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 279.15 Td (Regulatory Matters) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 251.55 Td (Rate Matters.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 149.39 251.55 Td ( ) Tj ET Q q 0 0 0 rg BT 154.51 251.55 Td (APS needs timely recovery through rates of its capital and operating expenditures to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.75 Td (maintain its financial health. ) Tj ET Q q 0 0 0 rg BT 185.55 237.75 Td (APS) Tj ET Q q 0 0 0 rg BT 209.84 237.75 Td (s retail rates are regulated by the ) Tj ET Q q 0 0 0 rg BT 361.52 237.75 Td (ACC and its wholesale electric rates ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.95 Td (\(primarily for transmission\) are regulated by FERC. See Note 3 for information on ) Tj ET Q q 0 0 0 rg BT 434.99 223.95 Td (APS) Tj ET Q q 0 0 0 rg BT 459.29 223.95 Td (s FERC rates.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 196.35 Td (On June1, 2016, ) Tj ET Q q 0 0 0 rg BT 166.00 196.35 Td (APS filed an application with the ) Tj ET Q q 0 0 0 rg BT 321.23 196.35 Td (ACC for an annual increase in retail base rates of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.55 Td ($165.9 million. ) Tj ET Q q 0 0 0 rg BT 125.64 182.55 Td (This amount excluded amounts that were then collected on customer bills through adjustor ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.75 Td (mechanisms. ) Tj ET Q q 0 0 0 rg BT 114.77 168.75 Td (The application requested that some of the balances in these adjustor accounts \(aggregating to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 154.95 Td (approximately $267.6 million as of December 31, 2015\) be transferred into base rates through the ratemaking ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.15 Td (process. ) Tj ET Q q 0 0 0 rg BT 92.41 141.15 Td (This transfer would not have had an incremental ef) Tj ET Q q 0 0 0 rg BT 326.59 141.15 Td (fect on average customer bills. ) Tj ET Q q 0 0 0 rg BT 472.96 141.15 Td (The average ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.35 Td (annual customer bill impact of ) Tj ET Q q 0 0 0 rg BT 192.26 127.35 Td (APS) Tj ET Q q 0 0 0 rg BT 216.55 127.35 Td (s request was an increase of 5.74% \(the average annual bill impact for a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.55 Td (typical ) Tj ET Q q 0 0 0 rg BT 83.04 113.55 Td (APS residential customer was 7.96%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 253.28 113.55 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 256.94 113.55 Td (. See Note 3 for details regarding the principal provisions of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 99.75 Td (APS's application.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 73.95 Td (On March 27, 2017, a majority of the stakeholders in the general retail rate case, including the ) Tj ET Q q 0 0 0 rg BT 521.09 73.95 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 60.15 Td (Staf) Tj ET Q q 0 0 0 rg BT 67.82 60.15 Td (f, the Residential Utility Consumer Of) Tj ET Q q 0 0 0 rg BT 243.92 60.15 Td (fice, limited income advocates and private rooftop solar ) Tj ET Q endstream endobj 115 0 obj <>] /Rotate 0 /Contents 116 0 R>> endobj 116 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (53) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (or) Tj ET Q q 0 0 0 rg BT 58.87 734.55 Td (ganizations signed the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 241.25 734.55 Td (Agreement and filed it with the ) Tj ET Q q 0 0 0 rg BT 387.52 734.55 Td (ACC. ) Tj ET Q q 0 0 0 rg BT 419.58 734.55 Td (The average annual customer ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (bill impact under the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 225.17 720.75 Td (Agreement is an increase of 3.28% \(the average annual bill impact for a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (typical ) Tj ET Q q 0 0 0 rg BT 83.04 706.95 Td (APS residential customer is 4.54%\). \(See Note 3 for details of the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 468.54 706.95 Td (Agreement.\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 679.35 Td (On ) Tj ET Q q 0 0 0 rg BT 101.80 679.35 Td (August 15, 2017, the ) Tj ET Q q 0 0 0 rg BT 200.19 679.35 Td (ACC approved \(by a vote of 4-1\), the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 452.82 679.35 Td (Agreement without ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (material modifications. On ) Tj ET Q q 0 0 0 rg BT 178.21 665.55 Td (August 18, 2017, the ) Tj ET Q q 0 0 0 rg BT 276.60 665.55 Td (ACC issued a final written Opinion and Order reflecting its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (decision in ) Tj ET Q q 0 0 0 rg BT 101.89 651.75 Td (APS) Tj ET Q q 0 0 0 rg BT 126.18 651.75 Td (s general retail rate case \(the "2017 Rate Case Decision"\), which is subject to requests for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (rehearing and potential appeal. ) Tj ET Q q 0 0 0 rg BT 196.81 637.95 Td (The new rates went into ef) Tj ET Q q 0 0 0 rg BT 318.91 637.95 Td (fect on ) Tj ET Q q 0 0 0 rg BT 352.76 637.95 Td (August 19, 2017. On ) Tj ET Q q 0 0 0 rg BT 456.91 637.95 Td (August 20, 2017, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (Commissioner Burns filed a special action petition in the ) Tj ET Q q 0 0 0 rg BT 313.64 624.15 Td (Arizona Supreme Court seeking to vacate the ) Tj ET Q q 0 0 0 rg BT 524.74 624.15 Td (ACC's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (order approving the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 220.37 610.35 Td (Agreement so that alleged issues of disqualification and bias on the part ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (of the other Commissioners can be fully investigated. ) Tj ET Q q 0 0 0 rg BT 303.42 596.55 Td (APS opposed the petition, and on October 17, 2017, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (Arizona Supreme Court declined to accept jurisdiction over Commissioner Burns) Tj ET Q q 0 0 0 rg BT 427.11 582.75 Td ( special action petition.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 555.15 Td (On October 17, 2017, ) Tj ET Q q 0 0 0 rg BT 188.14 555.15 Td (W) Tj ET Q q 0 0 0 rg BT 198.07 555.15 Td (arren ) Tj ET Q q 0 0 0 rg BT 224.36 555.15 Td (W) Tj ET Q q 0 0 0 rg BT 234.29 555.15 Td (oodward \(an intervener in ) Tj ET Q q 0 0 0 rg BT 355.64 555.15 Td (APS's general retail rate case\) filed a Notice ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (of ) Tj ET Q q 0 0 0 rg BT 61.32 541.35 Td (Appeal in the ) Tj ET Q q 0 0 0 rg BT 125.52 541.35 Td (Arizona Court of ) Tj ET Q q 0 0 0 rg BT 206.32 541.35 Td (Appeals, Division One. ) Tj ET Q q 0 0 0 rg BT 319.82 541.35 Td (The notice raises a single issue related to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (application of certain rate schedules to new ) Tj ET Q q 0 0 0 rg BT 251.00 527.55 Td (APS residential customers after May 1, 2018. Mr) Tj ET Q q 0 0 0 rg BT 476.81 527.55 Td (. ) Tj ET Q q 0 0 0 rg BT 482.36 527.55 Td (W) Tj ET Q q 0 0 0 rg BT 492.29 527.55 Td (oodward filed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (a second notice of appeal on November 13, 2017 challenging ) Tj ET Q q 0 0 0 rg BT 333.41 513.75 Td (APS) Tj ET Q q 0 0 0 rg BT 357.70 513.75 Td (s $5 per month automated metering ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (infrastructure opt-out program. Mr) Tj ET Q q 0 0 0 rg BT 211.42 499.95 Td (. ) Tj ET Q q 0 0 0 rg BT 216.96 499.95 Td (W) Tj ET Q q 0 0 0 rg BT 226.89 499.95 Td (oodward) Tj ET Q q 0 0 0 rg BT 270.33 499.95 Td (s two appeals have been consolidated and ) Tj ET Q q 0 0 0 rg BT 464.18 499.95 Td (APS has filed a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (motion to intervene. ) Tj ET Q q 0 0 0 rg BT 144.68 486.15 Td (APS cannot predict the outcome of this consolidated appeal but does not believe it will ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (have a material impact. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 444.75 Td (On January 3, 2018, an ) Tj ET Q q 0 0 0 rg BT 194.41 444.75 Td (APS customer filed a petition with the ) Tj ET Q q 0 0 0 rg BT 372.97 444.75 Td (ACC that was determined by the ) Tj ET Q q 0 0 0 rg BT 525.64 444.75 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (Staf) Tj ET Q q 0 0 0 rg BT 67.82 430.95 Td (f to be a complaint filed pursuant to ) Tj ET Q q 0 0 0 rg BT 234.53 430.95 Td (Arizona Revised Statute 40-246 \(the Complaint\) and not a request ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (for rehearing. ) Tj ET Q q 0 0 0 rg BT 114.32 417.15 Td (Arizona Revised Statute 40-246 requires the ) Tj ET Q q 0 0 0 rg BT 326.38 417.15 Td (ACC to hold a hearing regarding any complaint ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td (alleging that a public service corporation is in violation of any commission order or that the rates being ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td (char) Tj ET Q q 0 0 0 rg BT 69.08 389.55 Td (ged are not just and reasonable if the complaint is signed by at least twenty-five customers of the public ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td (service corporation. ) Tj ET Q q 0 0 0 rg BT 146.37 375.75 Td (The Complaint alleged that ) Tj ET Q q 0 0 0 rg BT 274.12 375.75 Td (APS is in violation of commission order [sic]. On February ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (13, 2018, the complainant filed an amended Complaint alleging that the rates and char) Tj ET Q q 0 0 0 rg BT 446.25 361.95 Td (ges in the 2017 Rate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td (Case Decision are not just and reasonable. ) Tj ET Q q 0 0 0 rg BT 249.53 348.15 Td (The complainant is requesting that the ) Tj ET Q q 0 0 0 rg BT 427.74 348.15 Td (ACC hold a hearing on her ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.35 Td (amended Complaint to determine if the average bill impact on residential customers of the rates and char) Tj ET Q q 0 0 0 rg BT 531.50 334.35 Td (ges ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (approved in the 2017 Rate Case Decision is greater than 4.54% \(the average annual bill impact for a typical ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (APS residential customer estimated by ) Tj ET Q q 0 0 0 rg BT 229.96 306.75 Td (APS\), and if so, what ef) Tj ET Q q 0 0 0 rg BT 339.95 306.75 Td (fect the alleged greater bill impact has on ) Tj ET Q q 0 0 0 rg BT 532.18 306.75 Td (APS's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td (revenues and the overall reasonableness and justness of ) Tj ET Q q 0 0 0 rg BT 306.90 292.95 Td (APS's rates and char) Tj ET Q q 0 0 0 rg BT 401.06 292.95 Td (ges, in order to determine if there ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.15 Td (is suf) Tj ET Q q 0 0 0 rg BT 73.89 279.15 Td (ficient evidence to warrant a full-scale rate hearing. ) Tj ET Q q 0 0 0 rg BT 315.92 279.15 Td (APS cannot predict the outcome of this matter) Tj ET Q q 0 0 0 rg BT 528.31 279.15 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 251.55 Td (APS has several recovery mechanisms in place that provide more timely recovery to ) Tj ET Q q 0 0 0 rg BT 476.07 251.55 Td (APS of its fuel ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.75 Td (and transmission costs, and costs associated with the promotion and implementation of its demand side ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.95 Td (management and renewable ener) Tj ET Q q 0 0 0 rg BT 200.31 223.95 Td (gy ef) Tj ET Q q 0 0 0 rg BT 223.41 223.95 Td (forts and customer programs. ) Tj ET Q q 0 0 0 rg BT 363.73 223.95 Td (These mechanisms are described more ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.15 Td (fully below and in Note 3.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 182.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 182.55 Td (SCR Cost Recovery) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 177.50 182.55 Td (. On December 29, 2017, in accordance with the 2017 Rate Case Decision, ) Tj ET Q q 0 0 0 rg BT 526.87 182.55 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.75 Td (filed a Notice of Intent to file its SCR Rate Rider to permit recovery of costs associated with the installation of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 154.95 Td (SCR equipment at Four Corners Units 4 and 5. ) Tj ET Q q 0 0 0 rg BT 270.23 154.95 Td (APS intends to file the SCR Rate Rider in ) Tj ET Q q 0 0 0 rg BT 465.42 154.95 Td (April 2018. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.15 Td (Consistent with the 2017 Rate Case Decision, the rate rider filing will be narrow in scope and will address only ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.35 Td (costs associated with this specific environmental compliance equipment. ) Tj ET Q q 0 0 0 rg BT 388.67 127.35 Td (Also, as provided for in the 2017 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.55 Td (Rate Case Decision, ) Tj ET Q q 0 0 0 rg BT 144.68 113.55 Td (APS will request that the rate rider become ef) Tj ET Q q 0 0 0 rg BT 354.60 113.55 Td (fective no later than January 1, 2019.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 85.95 Td (Renewable Energy) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 174.62 85.95 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 177.50 85.95 Td ( ) Tj ET Q q 0 0 0 rg BT 183.04 85.95 Td (The ) Tj ET Q q 0 0 0 rg BT 203.16 85.95 Td (ACC approved the RES in 2006. ) Tj ET Q q 0 0 0 rg BT 359.47 85.95 Td (The renewable ener) Tj ET Q q 0 0 0 rg BT 449.93 85.95 Td (gy requirement is 8% of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.15 Td (retail electric sales in 2018 and increases annually until it reaches 15% in 2025. In ) Tj ET Q q 0 0 0 rg BT 432.40 72.15 Td (APS) Tj ET Q q 0 0 0 rg BT 456.69 72.15 Td (s 2009 general retail ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.35 Td (rate case settlement agreement, ) Tj ET Q q 0 0 0 rg BT 195.42 58.35 Td (APS agreed to exceed the RES standards, committing to use ) Tj ET Q q 0 0 0 rg BT 474.89 58.35 Td (APS) Tj ET Q q 0 0 0 rg BT 499.18 58.35 Td (s best ef) Tj ET Q q 0 0 0 rg BT 536.66 58.35 Td (forts ) Tj ET Q endstream endobj 117 0 obj <>] /Rotate 0 /Contents 118 0 R>> endobj 118 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (54) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (to have 1,700 GWh of new renewable resources in service by year) Tj ET Q q 0 0 0 rg BT 354.54 734.55 Td (-end 2015, in addition to its RES renewable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (resource commitments. ) Tj ET Q q 0 0 0 rg BT 161.92 720.75 Td (APS met its settlement commitment and overall RES tar) Tj ET Q q 0 0 0 rg BT 421.07 720.75 Td (get for 2017. ) Tj ET Q q 0 0 0 rg BT 485.27 720.75 Td (A) Tj ET Q q 0 0 0 rg BT 492.94 720.75 Td ( component of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (the RES tar) Tj ET Q q 0 0 0 rg BT 102.31 706.95 Td (gets development of distributed ener) Tj ET Q q 0 0 0 rg BT 270.09 706.95 Td (gy systems. For additional information, see Business of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (Arizona Public Service Company-Ener) Tj ET Q q 0 0 0 rg BT 229.09 693.15 Td (gy Sources and Resource Planning - Current and Future Resources-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (Renewable Ener) Tj ET Q q 0 0 0 rg BT 124.97 679.35 Td (gy Standard.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 651.75 Td (On July 1, 2016, ) Tj ET Q q 0 0 0 rg BT 164.09 651.75 Td (APS filed its 2017 RES Implementation Plan and proposed a budget of approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td ($150 million. ) Tj ET Q q 0 0 0 rg BT 116.59 637.95 Td (APS) Tj ET Q q 0 0 0 rg BT 140.88 637.95 Td (s budget request included additional funding to process the high volume of residential ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (rooftop solar interconnection requests and also requested a permanent waiver of the residential distributed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 610.35 Td (gy requirement for 2017 contained in the RES rules. On ) Tj ET Q q 0 0 0 rg BT 331.62 610.35 Td (April 7, 2017, ) Tj ET Q q 0 0 0 rg BT 398.38 610.35 Td (APS filed an amended 2017 RES ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (Implementation Plan and updated budget request which included the revenue neutral transfer of specific ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (revenue requirements into base rates in accordance with the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 404.29 582.75 Td (Agreement. On ) Tj ET Q q 0 0 0 rg BT 480.30 582.75 Td (August 15, 2017, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (the ) Tj ET Q q 0 0 0 rg BT 65.79 568.95 Td (ACC approved the 2017 RES Implementation Plan.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 541.35 Td (On June 30, 2017, ) Tj ET Q q 0 0 0 rg BT 171.75 541.35 Td (APS filed its 2018 RES Implementation Plan and proposed a budget of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (approximately $90 million. ) Tj ET Q q 0 0 0 rg BT 180.14 527.55 Td (APS) Tj ET Q q 0 0 0 rg BT 204.43 527.55 Td (s budget request supports existing approved projects and commitments and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (includes the anticipated transfer of specific revenue requirements into base rates in accordance with the 2017 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 100.93 499.95 Td (Agreement and also requests a permanent waiver of the residential distributed ener) Tj ET Q q 0 0 0 rg BT 481.68 499.95 Td (gy requirement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (for 2018 contained in the RES rules. ) Tj ET Q q 0 0 0 rg BT 222.30 486.15 Td (APS's 2018 RES budget request is lower than the 2017 RES budget due ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (in part to a certain portion of the RES being collected by ) Tj ET Q q 0 0 0 rg BT 312.02 472.35 Td (APS in base rates rather than through the RES ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (adjustor) Tj ET Q q 0 0 0 rg BT 85.92 458.55 Td (. ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 49.50 431.55 Td ( ) Tj ET Q BT /F1 11.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 431.55 Td (On November 20, 2017, ) Tj ET Q q 0 0 0 rg BT 199.21 431.55 Td (APS filed an updated 2018 RES budget to include budget adjustments for ) Tj ET Q q 0 0 0 rg BT 540.34 431.55 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.75 Td (Solar Communities \(formerly known as ) Tj ET Q q 0 0 0 rg BT 234.44 417.75 Td (AZ Sun II\), which was approved as part of the 2017 Rate Case ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.95 Td (Decision. ) Tj ET Q q 0 0 0 rg BT 98.37 403.95 Td (APS Solar Communities is a three-year program requiring ) Tj ET Q q 0 0 0 rg BT 368.58 403.95 Td (APS to spend $10-15 million in capital ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 390.15 Td (costs each year to install utility-owned distributed generation \("DG"\) systems for low to moderate income ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.35 Td (residential homes, buildings of non-profit entities, ) Tj ET Q q 0 0 0 rg BT 282.45 376.35 Td (T) Tj ET Q q 0 0 0 rg BT 289.07 376.35 Td (itle I schools and rural government facilities. ) Tj ET Q q 0 0 0 rg BT 500.60 376.35 Td (The 2017 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.55 Td (Rate Case Decision provided that all operations and maintenance expenses, property taxes, marketing and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.75 Td (advertising expenses, and the capital carrying costs for this program will be recovered through the RES. ) Tj ET Q q 0 0 0 rg BT 533.12 348.75 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.95 Td (ACC has not yet ruled on ) Tj ET Q q 0 0 0 rg BT 168.97 334.95 Td (APS's 2018 RES Implementation Plan. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 307.35 Td (In September 2016, the ) Tj ET Q q 0 0 0 rg BT 195.05 307.35 Td (ACC initiated a proceeding which will examine the possible modernization and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.55 Td (expansion of the RES. ) Tj ET Q q 0 0 0 rg BT 157.89 293.55 Td (The ) Tj ET Q q 0 0 0 rg BT 178.01 293.55 Td (ACC noted that many of the provisions of the original rule may no longer be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.75 Td (appropriate, and the underlying economic assumptions associated with the rule have changed dramatically) Tj ET Q q 0 0 0 rg BT 537.67 279.75 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.95 Td (The proceeding will review such issues as the rapidly declining cost of solar generation, an increased interest ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 252.15 Td (in community solar projects, ener) Tj ET Q q 0 0 0 rg BT 203.55 252.15 Td (gy storage options, and the decline in fossil fuel generation due to stringent ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.35 Td (EP) Tj ET Q q 0 0 0 rg BT 61.87 238.35 Td (A) Tj ET Q q 0 0 0 rg BT 69.54 238.35 Td ( regulations. ) Tj ET Q q 0 0 0 rg BT 131.93 238.35 Td (The proceeding will also examine the feasibility of increasing the standard to 30% of retail ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.55 Td (sales by 203) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 106.36 224.55 Td (0, in contrast to the current standard of 15% of retail sales by 2025. On January 30, 2018, ) Tj ET Q q 0 0 0 rg BT 504.40 224.55 Td (ACC ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 211.35 Td (Commissioner ) Tj ET Q q 0 0 0 rg BT 116.22 211.35 Td (T) Tj ET Q q 0 0 0 rg BT 122.17 211.35 Td (obin proposed a new standard in this proceeding which would broaden the RES to include a series ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 198.15 Td (of ener) Tj ET Q q 0 0 0 rg BT 80.14 198.15 Td (gy reform policies tied to clean ener) Tj ET Q q 0 0 0 rg BT 238.77 198.15 Td (gy sources. ) Tj ET Q q 0 0 0 rg BT 290.81 198.15 Td (The proposal would rename the RES to the Clean Resource ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 184.95 Td (Ener) Tj ET Q q 0 0 0 rg BT 70.07 184.95 Td (gy Standard and ) Tj ET Q q 0 0 0 rg BT 144.10 184.95 Td (T) Tj ET Q q 0 0 0 rg BT 150.05 184.95 Td (arif) Tj ET Q q 0 0 0 rg BT 165.12 184.95 Td (f \("CREST"\). ) Tj ET Q q 0 0 0 rg BT 229.71 184.95 Td (APS cannot predict the outcome of this proceeding. See Note 3 for more ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 171.75 Td (information on the RES and the CREST) Tj ET Q q 0 0 0 rg BT 225.28 171.75 Td (.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 144.15 Td (Demand Side Management.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 220.31 144.15 Td ( In December2009, ) Tj ET Q q 0 0 0 rg BT 313.88 144.15 Td (Arizona regulators placed an increased focus on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 130.35 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 130.35 Td (gy ef) Tj ET Q q 0 0 0 rg BT 92.18 130.35 Td (ficiency and other demand side management programs to encourage customers to conserve ener) Tj ET Q q 0 0 0 rg BT 533.29 130.35 Td (gy) Tj ET Q q 0 0 0 rg BT 544.04 130.35 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 116.55 Td (while incentivizing utilities to aid in these ef) Tj ET Q q 0 0 0 rg BT 254.01 116.55 Td (forts that ultimately reduce the demand for ener) Tj ET Q q 0 0 0 rg BT 473.18 116.55 Td (gy) Tj ET Q q 0 0 0 rg BT 483.94 116.55 Td (. ) Tj ET Q q 0 0 0 rg BT 492.35 116.55 Td (The ) Tj ET Q q 0 0 0 rg BT 512.47 116.55 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 102.75 Td (initiated an Ener) Tj ET Q q 0 0 0 rg BT 125.29 102.75 Td (gy Ef) Tj ET Q q 0 0 0 rg BT 150.31 102.75 Td (ficiency rulemaking, with a proposed Electric Ener) Tj ET Q q 0 0 0 rg BT 384.81 102.75 Td (gy Ef) Tj ET Q q 0 0 0 rg BT 409.83 102.75 Td (ficiency Standard of 22% ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 88.95 Td (cumulative annual ener) Tj ET Q q 0 0 0 rg BT 156.58 88.95 Td (gy savings by 2020. ) Tj ET Q q 0 0 0 rg BT 254.12 88.95 Td (The 22% figure represents the cumulative reduction in future ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 75.15 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 75.15 Td (gy usage through 2020 attributable to ener) Tj ET Q q 0 0 0 rg BT 263.69 75.15 Td (gy ef) Tj ET Q q 0 0 0 rg BT 286.79 75.15 Td (ficiency initiatives. ) Tj ET Q q 0 0 0 rg BT 380.47 75.15 Td (This standard became ef) Tj ET Q q 0 0 0 rg BT 492.34 75.15 Td (fective on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 61.35 Td (January1, 201) Tj ET Q q 0 0 0 rg BT 116.46 61.35 Td (1. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 47.55 Td () Tj ET Q endstream endobj 119 0 obj <>] /Rotate 0 /Contents 120 0 R>> endobj 120 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (55) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 734.55 Td (On June 1, 2016, ) Tj ET Q q 0 0 0 rg BT 166.00 734.55 Td (APS filed its 2017 DSM Implementation Plan, in which ) Tj ET Q q 0 0 0 rg BT 425.39 734.55 Td (APS proposed programs and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (measures that specifically focus on reducing peak demand, shifting load to of) Tj ET Q q 0 0 0 rg BT 405.05 720.75 Td (f-peak periods and educating ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (customers about strategies to manage their ener) Tj ET Q q 0 0 0 rg BT 267.72 706.95 Td (gy and demand. ) Tj ET Q q 0 0 0 rg BT 346.40 706.95 Td (The requested budget in the 2017 DSM ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (Implementation Plan is $62.6 million. On January 27, 2017, ) Tj ET Q q 0 0 0 rg BT 330.59 693.15 Td (APS filed an updated and modified 2017 DSM ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (Implementation Plan that incorporated the proposed $4 million Residential Demand Response, Ener) Tj ET Q q 0 0 0 rg BT 509.84 679.35 Td (gy Storage ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (and Load Management Program that was filed with the ) Tj ET Q q 0 0 0 rg BT 305.31 665.55 Td (ACC on December 5, 2016 and requested that the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (budget for the 2017 DSM Implementation Plan be increased to $66.6 million. On ) Tj ET Q q 0 0 0 rg BT 428.31 651.75 Td (August 15, 2017, the ) Tj ET Q q 0 0 0 rg BT 526.70 651.75 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (approved the amended 2017 DSM Implementation Plan. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 610.35 Td (On September 1, 2017, ) Tj ET Q q 0 0 0 rg BT 194.10 610.35 Td (APS filed its 2018 DSM Implementation Plan, which proposes modifications to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (the demand side management portfolio to better meet system and customer needs by focusing on peak demand ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (reductions, storage, load shifting and demand response programs in addition to traditional ener) Tj ET Q q 0 0 0 rg BT 484.92 582.75 Td (gy savings ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (measures. ) Tj ET Q q 0 0 0 rg BT 97.83 568.95 Td (The 2018 DSM Implementation Plan seeks a reduced requested budget of $52.6 million and requests ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (a waiver of the Electric Ener) Tj ET Q q 0 0 0 rg BT 181.15 555.15 Td (gy Ef) Tj ET Q q 0 0 0 rg BT 206.18 555.15 Td (ficiency Standard for 2018. On November 14, 2017, ) Tj ET Q q 0 0 0 rg BT 451.46 555.15 Td (APS filed an amended ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (2018 DSM Implementation Plan, which revised the allocations between budget items to address customer ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (participation levels, but kept the overall budget at $52.6 million. See Note 3 for more information on demand ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (side management. ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 486.15 Td (T) Tj ET Q q 0 0 0 rg BT 91.47 486.15 Td (ax Expense ) Tj ET Q q 0 0 0 rg BT 148.54 486.15 Td (Adjustor Mechanism and FERC T) Tj ET Q q 0 0 0 rg BT 311.09 486.15 Td (ax Filing. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 363.49 486.15 Td (As part of the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 506.58 486.15 Td (Agreement, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (the parties agreed to a rate adjustment mechanism to address potential federal income tax reform and enable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (the pass-through of certain income tax ef) Tj ET Q q 0 0 0 rg BT 237.70 458.55 Td (fects to customers. On December 22, 2017 the ) Tj ET Q q 0 0 0 rg BT 453.38 458.55 Td (T) Tj ET Q q 0 0 0 rg BT 459.60 458.55 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 539.47 458.55 Td (Act ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.75 Td (\(T) Tj ET Q q 0 0 0 rg BT 64.66 444.75 Td (ax ) Tj ET Q q 0 0 0 rg BT 77.75 444.75 Td (Act\) was enacted. ) Tj ET Q q 0 0 0 rg BT 170.46 444.75 Td (This legislation made significant changes to the federal income tax laws including a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (reduction in the corporate tax rate from 35% to 21% ef) Tj ET Q q 0 0 0 rg BT 301.56 430.95 Td (fective January 1, 2018. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 403.35 Td (On January 8, 2018, ) Tj ET Q q 0 0 0 rg BT 180.69 403.35 Td (APS filed an application with the ) Tj ET Q q 0 0 0 rg BT 335.92 403.35 Td (ACC requesting that the ) Tj ET Q q 0 0 0 rg BT 450.06 403.35 Td (TEAM be implemented ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td (in two steps. ) Tj ET Q q 0 0 0 rg BT 109.99 389.55 Td (The first addresses the change in the mar) Tj ET Q q 0 0 0 rg BT 297.87 389.55 Td (ginal federal tax rate from 35% to 21% resulting from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td (the ) Tj ET Q q 0 0 0 rg BT 66.22 375.75 Td (T) Tj ET Q q 0 0 0 rg BT 72.44 375.75 Td (ax ) Tj ET Q q 0 0 0 rg BT 85.53 375.75 Td (Act and, if approved, would reduce rates by $1) Tj ET Q q 0 0 0 rg BT 300.98 375.75 Td (19.1 million annually through an equal cents per kWh ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (credit. ) Tj ET Q q 0 0 0 rg BT 80.79 361.95 Td (APS asked that this decrease become ef) Tj ET Q q 0 0 0 rg BT 263.25 361.95 Td (fective February 1, 2018. On February 22, 2018, the ) Tj ET Q q 0 0 0 rg BT 508.53 361.95 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td (approved the reduction of rates by $1) Tj ET Q q 0 0 0 rg BT 220.88 348.15 Td (19.1 million annually through an equal cents per kWh credit applied to all ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.35 Td (but a small subset of customers who are taking service under specially-approved tarif) Tj ET Q q 0 0 0 rg BT 441.45 334.35 Td (fs. ) Tj ET Q q 0 0 0 rg BT 455.30 334.35 Td (The rate reduction will ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (be ef) Tj ET Q q 0 0 0 rg BT 71.96 320.55 Td (fective March 1, 2018. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 292.95 Td (The second step will address the amortization of excess deferred taxes previously collected from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.15 Td (customers. ) Tj ET Q q 0 0 0 rg BT 101.25 279.15 Td (APS is analyzing the final impact of the ) Tj ET Q q 0 0 0 rg BT 287.56 279.15 Td (T) Tj ET Q q 0 0 0 rg BT 293.78 279.15 Td (ax ) Tj ET Q q 0 0 0 rg BT 306.88 279.15 Td (Act provisions related to deferred taxes and intends to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.35 Td (make a second ) Tj ET Q q 0 0 0 rg BT 119.86 265.35 Td (TEAM filing later in 2018.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 241.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 241.55 Td (The ) Tj ET Q q 0 0 0 rg BT 106.05 241.55 Td (TEAM expressly applies to ) Tj ET Q q 0 0 0 rg BT 234.45 241.55 Td (APS's retail rates with the exception noted above. ) Tj ET Q q 0 0 0 rg BT 468.18 241.55 Td (The Company ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 227.75 Td (expects to make a filing with FERC in the first quarter of 2018 seeking authorization to provide for the cost ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 213.95 Td (reductions resulting from the income tax changes in its wholesale transmission rates.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 186.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 186.35 Td (See Note 3 for additional details. ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 158.75 Td (Net Metering.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 151.30 158.75 Td ( ) Tj ET Q q 0 0 0 rg BT 157.50 158.75 Td (In 2015, the ) Tj ET Q q 0 0 0 rg BT 215.00 158.75 Td (ACC voted to conduct a generic evidentiary hearing on the value and cost ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 144.95 Td (of DG to gather information that will inform the ) Tj ET Q q 0 0 0 rg BT 273.39 144.95 Td (ACC on net metering issues and cost of service studies in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 131.15 Td (upcoming utility rate cases. ) Tj ET Q q 0 0 0 rg BT 181.09 131.15 Td (A) Tj ET Q q 0 0 0 rg BT 188.76 131.15 Td ( hearing was held in ) Tj ET Q q 0 0 0 rg BT 283.61 131.15 Td (April 2016. On October 7, 2016, an ) Tj ET Q q 0 0 0 rg BT 455.45 131.15 Td (Administrative Law ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 117.35 Td (Judge issued a recommendation in the docket concerning the value and cost of DG solar installations. On ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 103.55 Td (December 20, 2016, the ) Tj ET Q q 0 0 0 rg BT 161.91 103.55 Td (ACC completed its open meeting to consider the recommended opinion and order by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 89.75 Td (the ) Tj ET Q q 0 0 0 rg BT 65.79 89.75 Td (Administrative Law Judge. ) Tj ET Q q 0 0 0 rg BT 195.79 89.75 Td (After making several amendments, the ) Tj ET Q q 0 0 0 rg BT 375.90 89.75 Td (ACC approved the recommended ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 75.95 Td (opinion and order by a 4-1 vote. ) Tj ET Q q 0 0 0 rg BT 199.61 75.95 Td (As a result of the ) Tj ET Q q 0 0 0 rg BT 280.41 75.95 Td (ACC) Tj ET Q q 0 0 0 rg BT 307.26 75.95 Td (s action, ef) Tj ET Q q 0 0 0 rg BT 357.18 75.95 Td (fective as of ) Tj ET Q q 0 0 0 rg BT 415.62 75.95 Td (APS) Tj ET Q q 0 0 0 rg BT 439.91 75.95 Td (s 2017 Rate Case ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 62.15 Td (Decision, the current net metering tarif) Tj ET Q q 0 0 0 rg BT 228.11 62.15 Td (f that governs payments for ener) Tj ET Q q 0 0 0 rg BT 377.04 62.15 Td (gy exported to the grid from rooftop ) Tj ET Q endstream endobj 121 0 obj <>] /Rotate 0 /Contents 122 0 R>> endobj 122 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (56) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (solar systems was replaced by a more formula-driven approach that utilizes inputs from historical wholesale ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (solar power costs and eventually an avoided cost methodology) Tj ET Q q 0 0 0 rg BT 336.83 720.75 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.15 Td (As amended, the decision provides that payments by utilities for ener) Tj ET Q q 0 0 0 rg BT 403.71 693.15 Td (gy exported to the grid from DG ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (solar facilities will be determined using a resource comparison proxy methodology) Tj ET Q q 0 0 0 rg BT 430.08 679.35 Td (, a method that is based on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (the price that ) Tj ET Q q 0 0 0 rg BT 111.77 665.55 Td (APS pays for utility-scale solar projects on a five year rolling average, while a forecasted avoided ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (cost methodology is being developed. ) Tj ET Q q 0 0 0 rg BT 229.11 651.75 Td (The price established by this resource comparison proxy method will be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (updated annually \(between general retail rate cases\) but will not be decreased by more than 10% per year) Tj ET Q q 0 0 0 rg BT 532.62 637.95 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (Once the avoided cost methodology is developed, the ) Tj ET Q q 0 0 0 rg BT 297.65 624.15 Td (ACC will determine in ) Tj ET Q q 0 0 0 rg BT 404.98 624.15 Td (APS's subsequent general retail ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (rate cases which method \(or a combination of methods\) is appropriate to determine the actual price to be paid ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (by ) Tj ET Q q 0 0 0 rg BT 63.24 596.55 Td (APS for exported distributed ener) Tj ET Q q 0 0 0 rg BT 218.25 596.55 Td (gy) Tj ET Q q 0 0 0 rg BT 229.01 596.55 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (In addition, the ) Tj ET Q q 0 0 0 rg BT 121.69 568.95 Td (ACC made the following determinations:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 541.35 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.00 541.35 Td (Customers who have interconnected a DG system or submitted an application for interconnection ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.00 527.55 Td (for DG systems prior to ) Tj ET Q q 0 0 0 rg BT 210.48 527.55 Td (August 19, 2017, the date new rates were ef) Tj ET Q q 0 0 0 rg BT 412.10 527.55 Td (fective based on ) Tj ET Q q 0 0 0 rg BT 489.06 527.55 Td (APS's 2017 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.00 513.75 Td (Rate Case Decision, will be grandfathered for a period of 20 years from the date the customer) Tj ET Q q 0 0 0 rg BT 530.21 513.75 Td () Tj ET Q q 0 0 0 rg BT 533.40 513.75 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.00 499.95 Td (interconnection application was accepted by the utility;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 486.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.00 486.15 Td (Customers with DG solar systems are to be considered a separate class of customers for ratemaking ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.00 472.35 Td (purposes; and) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 458.55 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.00 458.55 Td (Once an export price is set for ) Tj ET Q q 0 0 0 rg BT 239.83 458.55 Td (APS, no netting or banking of retail credits will be available for new ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.00 444.75 Td (DG customers, and the then-applicable export price will be guaranteed for new customers for a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.00 430.95 Td (period of 10 years.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 403.35 Td (This decision of the ) Tj ET Q q 0 0 0 rg BT 178.77 403.35 Td (ACC addresses policy determinations only) Tj ET Q q 0 0 0 rg BT 374.77 403.35 Td (. ) Tj ET Q q 0 0 0 rg BT 380.31 403.35 Td (The decision states that its principles ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td (will be applied in future general retail rate cases, and the policy determinations themselves may be subject to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td (future change, as are all ) Tj ET Q q 0 0 0 rg BT 161.25 375.75 Td (ACC policies. ) Tj ET Q q 0 0 0 rg BT 231.53 375.75 Td (A) Tj ET Q q 0 0 0 rg BT 239.20 375.75 Td ( first-year export ener) Tj ET Q q 0 0 0 rg BT 338.93 375.75 Td (gy price of 12.9 cents per kWh is included in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 143.73 361.95 Td (Agreement and became ef) Tj ET Q q 0 0 0 rg BT 263.88 361.95 Td (fective on ) Tj ET Q q 0 0 0 rg BT 311.78 361.95 Td (August 19, 2017. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 334.35 Td (On January 23, 2017, ) Tj ET Q q 0 0 0 rg BT 186.86 334.35 Td (The ) Tj ET Q q 0 0 0 rg BT 206.98 334.35 Td (Alliance for Solar Choice\("T) Tj ET Q q 0 0 0 rg BT 342.32 334.35 Td (ASC"\) sought rehearing of the ) Tj ET Q q 0 0 0 rg BT 484.68 334.35 Td (ACC's decision ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (regarding the value and cost of DG. ) Tj ET Q q 0 0 0 rg BT 216.63 320.55 Td (T) Tj ET Q q 0 0 0 rg BT 222.73 320.55 Td (ASC asserted that the ) Tj ET Q q 0 0 0 rg BT 324.31 320.55 Td (ACC improperly ignored the ) Tj ET Q q 0 0 0 rg BT 459.10 320.55 Td (Administrative ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (Procedure ) Tj ET Q q 0 0 0 rg BT 98.36 306.75 Td (Act, failed to give adequate notice regarding the scope of the proceedings, and relied on information ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td (that was not submitted as evidence, among other alleged defects. ) Tj ET Q q 0 0 0 rg BT 350.12 292.95 Td (T) Tj ET Q q 0 0 0 rg BT 356.22 292.95 Td (ASC filed a Notice of ) Tj ET Q q 0 0 0 rg BT 458.75 292.95 Td (Appeal in the Court of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.15 Td (Appeals and filed a Complaint and Statutory ) Tj ET Q q 0 0 0 rg BT 256.79 279.15 Td (Appeal in the Maricopa County Superior Court on March 10, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.35 Td (2017. ) Tj ET Q q 0 0 0 rg BT 80.49 265.35 Td (As part of the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 223.58 265.35 Td (Agreement described above, ) Tj ET Q q 0 0 0 rg BT 357.49 265.35 Td (T) Tj ET Q q 0 0 0 rg BT 363.59 265.35 Td (ASC agreed to withdraw these appeals ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.55 Td (when the ) Tj ET Q q 0 0 0 rg BT 93.58 251.55 Td (ACC decision implementing the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 322.28 251.55 Td (Agreement is no longer subject to appellate review) Tj ET Q q 0 0 0 rg BT 555.61 251.55 Td (.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 223.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 223.95 Td (Subpoena from ) Tj ET Q q 0 0 0 rg BT 161.12 223.95 Td (Arizona Corporation Commissioner Robert Burns. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.73 223.95 Td (On ) Tj ET Q q 0 0 0 rg BT 426.02 223.95 Td (August 25, 2016, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.15 Td (Commissioner Burns, individually and not by action of the ) Tj ET Q q 0 0 0 rg BT 322.29 210.15 Td (ACC as a whole, served subpoenas in ) Tj ET Q q 0 0 0 rg BT 497.96 210.15 Td (APS) Tj ET Q q 0 0 0 rg BT 522.25 210.15 Td (s then ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.35 Td (current retail rate proceeding on ) Tj ET Q q 0 0 0 rg BT 199.25 196.35 Td (APS and Pinnacle ) Tj ET Q q 0 0 0 rg BT 284.97 196.35 Td (W) Tj ET Q q 0 0 0 rg BT 294.90 196.35 Td (est for the production of records and information relating ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.55 Td (to a range of expenditures from 201) Tj ET Q q 0 0 0 rg BT 213.85 182.55 Td (1 through 2016. ) Tj ET Q q 0 0 0 rg BT 289.67 182.55 Td (The subpoenas requested information concerning ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.75 Td (marketing and advertising expenditures, charitable donations, lobbying expenses, contributions to 501\(c\)\(3\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 154.95 Td (and \(c\)\(4\) nonprofits and political contributions. ) Tj ET Q q 0 0 0 rg BT 277.33 154.95 Td (The return date for the production of information was set as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.15 Td (September 15, 2016. ) Tj ET Q q 0 0 0 rg BT 147.35 141.15 Td (The subpoenas also sought testimony from Company personnel having knowledge of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.35 Td (material, including the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 245.37 127.35 Td (ficer) Tj ET Q q 0 0 0 rg BT 265.80 127.35 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 99.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 99.75 Td (On September 9, 2016, ) Tj ET Q q 0 0 0 rg BT 194.10 99.75 Td (APS filed with the ) Tj ET Q q 0 0 0 rg BT 281.63 99.75 Td (ACC a motion to quash the subpoenas or) Tj ET Q q 0 0 0 rg BT 469.95 99.75 Td (, alternatively to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 85.95 Td (stay ) Tj ET Q q 0 0 0 rg BT 70.27 85.95 Td (APS's obligations to comply with the subpoenas and decline to decide ) Tj ET Q q 0 0 0 rg BT 394.62 85.95 Td (APS's motion pending court ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.15 Td (proceedings. Contemporaneously with the filing of this motion, ) Tj ET Q q 0 0 0 rg BT 344.00 72.15 Td (APS and Pinnacle ) Tj ET Q q 0 0 0 rg BT 429.72 72.15 Td (W) Tj ET Q q 0 0 0 rg BT 439.65 72.15 Td (est filed a complaint for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.35 Td (special action and declaratory judgment in the Superior Court of ) Tj ET Q q 0 0 0 rg BT 347.78 58.35 Td (Arizona for Maricopa County) Tj ET Q q 0 0 0 rg BT 484.04 58.35 Td (, seeking a ) Tj ET Q endstream endobj 123 0 obj <>] /Rotate 0 /Contents 124 0 R>> endobj 124 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (57) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (declaratory judgment that Commissioner Burns) Tj ET Q q 0 0 0 rg BT 270.94 734.55 Td ( subpoenas are contrary to law) Tj ET Q q 0 0 0 rg BT 410.38 734.55 Td (. On September 15, 2016, ) Tj ET Q q 0 0 0 rg BT 533.36 734.55 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (produced all non-confidential and responsive documents and of) Tj ET Q q 0 0 0 rg BT 341.50 720.75 Td (fered to produce any remaining responsive ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (documents that are confidential after an appropriate confidentiality agreement is signed. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 679.35 Td (On February 7, 2017, Commissioner Burns opened a new ) Tj ET Q q 0 0 0 rg BT 352.85 679.35 Td (ACC docket and indicated that its purpose is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (to study and rectify problems with transparency and disclosure regarding financial contributions from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (regulated monopolies or other stakeholders who may appear before the ) Tj ET Q q 0 0 0 rg BT 378.43 651.75 Td (ACC that may directly or indirectly ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (benefit an ) Tj ET Q q 0 0 0 rg BT 97.40 637.95 Td (ACC Commissioner) Tj ET Q q 0 0 0 rg BT 190.55 637.95 Td (, a candidate for ) Tj ET Q q 0 0 0 rg BT 266.86 637.95 Td (ACC Commissioner) Tj ET Q q 0 0 0 rg BT 360.01 637.95 Td (, or key ) Tj ET Q q 0 0 0 rg BT 397.06 637.95 Td (ACC staf) Tj ET Q q 0 0 0 rg BT 439.98 637.95 Td (f. ) Tj ET Q q 0 0 0 rg BT 451.80 637.95 Td (As part of this docket, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (Commissioner Burns set March 24, 2017 as a deadline for the production of all information previously ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (requested through the subpoenas. Neither ) Tj ET Q q 0 0 0 rg BT 242.40 610.35 Td (APS nor Pinnacle ) Tj ET Q q 0 0 0 rg BT 326.84 610.35 Td (W) Tj ET Q q 0 0 0 rg BT 336.78 610.35 Td (est produced the information requested and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (instead objected to the subpoena. On March 10, 2017, Commissioner Burns filed suit against ) Tj ET Q q 0 0 0 rg BT 481.97 596.55 Td (APS and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.77 582.75 Td (W) Tj ET Q q 0 0 0 rg BT 101.70 582.75 Td (est in the Superior Court of ) Tj ET Q q 0 0 0 rg BT 229.47 582.75 Td (Arizona for Maricopa County in an ef) Tj ET Q q 0 0 0 rg BT 403.62 582.75 Td (fort to enforce his subpoenas. On ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (March 30, 2017, ) Tj ET Q q 0 0 0 rg BT 127.75 568.95 Td (APS filed a motion to dismiss Commissioner Burns' suit against ) Tj ET Q q 0 0 0 rg BT 425.02 568.95 Td (APS and Pinnacle ) Tj ET Q q 0 0 0 rg BT 510.74 568.95 Td (W) Tj ET Q q 0 0 0 rg BT 520.67 568.95 Td (est. In ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (response to the motion to dismiss, the court stayed the suit and ordered Commissioner Burns to file a motion to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (compel the production of the information sought by the subpoenas with the ) Tj ET Q q 0 0 0 rg BT 397.64 541.35 Td (ACC. On June 20, 2017, the ) Tj ET Q q 0 0 0 rg BT 533.09 541.35 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (denied the motion to compel. On ) Tj ET Q q 0 0 0 rg BT 208.88 527.55 Td (August 4, 2017, Commissioner Burns amended his complaint to add all of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td (the ) Tj ET Q q 0 0 0 rg BT 65.79 513.75 Td (ACC Commissioners and the ) Tj ET Q q 0 0 0 rg BT 202.52 513.75 Td (ACC itself as defendants. ) Tj ET Q q 0 0 0 rg BT 325.17 513.75 Td (All defendants moved to dismiss the complaint. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (On February 15, 2018, the Superior Court dismissed Commissioner Burns) Tj ET Q q 0 0 0 rg BT 393.95 499.95 Td ( complaint. ) Tj ET Q q 0 0 0 rg BT 448.36 499.95 Td (The matter is subject to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (appeal. ) Tj ET Q q 0 0 0 rg BT 84.62 486.15 Td (APS and Pinnacle ) Tj ET Q q 0 0 0 rg BT 170.34 486.15 Td (W) Tj ET Q q 0 0 0 rg BT 180.28 486.15 Td (est cannot predict the outcome of this matter) Tj ET Q q 0 0 0 rg BT 384.35 486.15 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 458.55 Td (In addition to the Superior Court proceedings discussed above, on ) Tj ET Q q 0 0 0 rg BT 391.16 458.55 Td (August 20, 2017, Commissioner ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.75 Td (Burns filed a special action petition in the ) Tj ET Q q 0 0 0 rg BT 243.68 444.75 Td (Arizona Supreme Court seeking to vacate the 2017 Rate Case ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td (Decision so that alleged issues of disqualification and bias on the part of the other Commissioners could be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (fully investigated. ) Tj ET Q q 0 0 0 rg BT 137.66 417.15 Td (APS opposed the petition, and on October 17, 2017, the ) Tj ET Q q 0 0 0 rg BT 396.70 417.15 Td (Arizona Supreme Court declined to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td (accept jurisdiction over Commissioner Burns) Tj ET Q q 0 0 0 rg BT 260.72 403.35 Td ( special action petition.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 375.75 Td (Renewable Energy Ballot Initiative. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 260.56 375.75 Td (On February 20, 2018, a coalition of renewable ener) Tj ET Q q 0 0 0 rg BT 501.13 375.75 Td (gy advocates ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (filed with the ) Tj ET Q q 0 0 0 rg BT 113.06 361.95 Td (Arizona Secretary of State a ballot initiative for an ) Tj ET Q q 0 0 0 rg BT 347.77 361.95 Td (Arizona constitutional amendment requiring ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td (Arizona public service corporations to procure 50% of their ener) Tj ET Q q 0 0 0 rg BT 346.59 348.15 Td (gy supply from renewable sources by 2030. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.35 Td (For purposes of the proposed amendment, eligible renewable sources would not include nuclear generating ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 97.51 320.55 Td (The stated goal of the Clean Ener) Tj ET Q q 0 0 0 rg BT 251.22 320.55 Td (gy for a Healthy ) Tj ET Q q 0 0 0 rg BT 328.51 320.55 Td (Arizona coalition is to complete the necessary ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (steps to allow the initiative to be placed on the November 2018 ) Tj ET Q q 0 0 0 rg BT 342.69 306.75 Td (Arizona elections ballot. ) Tj ET Q q 0 0 0 rg BT 458.09 306.75 Td (The coalition must ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td (present over 225,000 verifiable signatures to the Secretary of State by July 5, 2018 to meet that goal. ) Tj ET Q q 0 0 0 rg BT 514.82 292.95 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.15 Td (intends to oppose this ef) Tj ET Q q 0 0 0 rg BT 161.09 279.15 Td (fort. ) Tj ET Q q 0 0 0 rg BT 186.11 279.15 Td (W) Tj ET Q q 0 0 0 rg BT 196.04 279.15 Td (e believe the initiative is irresponsible and would result in negative impacts to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.35 Td (Arizona utility customers, the ) Tj ET Q q 0 0 0 rg BT 188.44 265.35 Td (Arizona economy and our company) Tj ET Q q 0 0 0 rg BT 352.47 265.35 Td (. ) Tj ET Q q 0 0 0 rg BT 363.76 265.35 Td (W) Tj ET Q q 0 0 0 rg BT 373.70 265.35 Td (e cannot predict the outcome of this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.55 Td (matter) Tj ET Q q 0 0 0 rg BT 78.24 251.55 Td (.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 227.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 227.75 Td (Clean Resource Energy Standard and T) Tj ET Q q 0 0 0 rg BT 273.90 227.75 Td (arif) Tj ET Q q 0 0 0 rg BT 290.94 227.75 Td (f) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 294.77 227.75 Td (. On January 30, 2018, ) Tj ET Q q 0 0 0 rg BT 404.33 227.75 Td (ACC Commissioner ) Tj ET Q q 0 0 0 rg BT 500.61 227.75 Td (T) Tj ET Q q 0 0 0 rg BT 506.83 227.75 Td (obin ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 213.95 Td (proposed the CREST) Tj ET Q q 0 0 0 rg BT 146.39 213.95 Td (, which consists of a series of ener) Tj ET Q q 0 0 0 rg BT 303.95 213.95 Td (gy reform policies tied to clean ener) Tj ET Q q 0 0 0 rg BT 469.79 213.95 Td (gy sources such as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 200.15 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 200.15 Td (gy storage, biomass, ener) Tj ET Q q 0 0 0 rg BT 185.44 200.15 Td (gy ef) Tj ET Q q 0 0 0 rg BT 208.54 200.15 Td (ficiency) Tj ET Q q 0 0 0 rg BT 244.83 200.15 Td (, electric vehicles, and expanded ener) Tj ET Q q 0 0 0 rg BT 416.72 200.15 Td (gy planning through the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 186.35 Td (Integrated Resource Plan process. ) Tj ET Q q 0 0 0 rg BT 210.88 186.35 Td (The ) Tj ET Q q 0 0 0 rg BT 231.00 186.35 Td (ACC has not yet initiated any formal proceedings with respect to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 172.55 Td (Commissioner ) Tj ET Q q 0 0 0 rg BT 119.25 172.55 Td (T) Tj ET Q q 0 0 0 rg BT 125.48 172.55 Td (obin) Tj ET Q q 0 0 0 rg BT 149.12 172.55 Td (s proposal; however) Tj ET Q q 0 0 0 rg BT 241.28 172.55 Td (, on February 22, 2018, the ) Tj ET Q q 0 0 0 rg BT 368.08 172.55 Td (ACC Staf) Tj ET Q q 0 0 0 rg BT 412.92 172.55 Td (f filed a Notice of Inquiry to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 158.75 Td (further examine the matter) Tj ET Q q 0 0 0 rg BT 171.16 158.75 Td (. ) Tj ET Q q 0 0 0 rg BT 179.15 158.75 Td (APS cannot predict the outcome of this matter) Tj ET Q q 0 0 0 rg BT 391.54 158.75 Td (.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 134.95 Td (FERC Matter) Tj ET Q q 0 0 0 rg BT 150.37 134.95 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 158.99 134.95 Td (As part of ) Tj ET Q q 0 0 0 rg BT 207.22 134.95 Td (APS) Tj ET Q q 0 0 0 rg BT 231.52 134.95 Td (s acquisition of SCE) Tj ET Q q 0 0 0 rg BT 328.95 134.95 Td (s interest in Four Corners Units 4 and 5, ) Tj ET Q q 0 0 0 rg BT 515.50 134.95 Td (APS and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 121.15 Td (SCE agreed, via a "T) Tj ET Q q 0 0 0 rg BT 146.08 121.15 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 203.69 121.15 Td (T) Tj ET Q q 0 0 0 rg BT 209.91 121.15 Td (ermination ) Tj ET Q q 0 0 0 rg BT 261.98 121.15 Td (Agreement" that, upon closing of the acquisition, the companies ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 107.35 Td (would terminate an existing transmission agreement \("T) Tj ET Q q 0 0 0 rg BT 307.37 107.35 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 364.56 107.35 Td (Agreement"\) between the parties that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 93.55 Td (provides transmission capacity on a system \(the "Arizona ) Tj ET Q q 0 0 0 rg BT 316.51 93.55 Td (T) Tj ET Q q 0 0 0 rg BT 323.13 93.55 Td (ransmission System"\) for SCE to transmit its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 79.75 Td (portion of the output from Four Corners to California. ) Tj ET Q q 0 0 0 rg BT 302.79 79.75 Td (APS previously submitted a request to FERC related to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 65.95 Td (this termination, which resulted in a FERC order denying rate recovery of $40 million that ) Tj ET Q q 0 0 0 rg BT 467.89 65.95 Td (APS agreed to pay ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 52.15 Td (SCE associated with the termination. On December 22, 2015, ) Tj ET Q q 0 0 0 rg BT 337.91 52.15 Td (APS and SCE agreed to terminate the ) Tj ET Q endstream endobj 125 0 obj <>] /Rotate 0 /Contents 126 0 R>> endobj 126 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (58) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (T) Tj ET Q q 0 0 0 rg BT 56.12 734.55 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 113.73 734.55 Td (T) Tj ET Q q 0 0 0 rg BT 119.96 734.55 Td (ermination ) Tj ET Q q 0 0 0 rg BT 172.02 734.55 Td (Agreement and allow for the ) Tj ET Q q 0 0 0 rg BT 306.89 734.55 Td (T) Tj ET Q q 0 0 0 rg BT 313.51 734.55 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 370.70 734.55 Td (Agreement to expire according to its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (terms, which includes settling obligations in accordance with the terms of the ) Tj ET Q q 0 0 0 rg BT 407.95 720.75 Td (T) Tj ET Q q 0 0 0 rg BT 414.57 720.75 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 471.76 720.75 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 530.84 720.75 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (established a regulatory asset of $12 million in 2015 in connection with the payment required under the terms ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (of the ) Tj ET Q q 0 0 0 rg BT 78.67 693.15 Td (T) Tj ET Q q 0 0 0 rg BT 85.29 693.15 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 142.48 693.15 Td (Agreement. On July 1, 2016, FERC issued an order denying ) Tj ET Q q 0 0 0 rg BT 424.84 693.15 Td (APS) Tj ET Q q 0 0 0 rg BT 449.13 693.15 Td (s request to recover the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (regulatory asset through its FERC-jurisdictional rates. ) Tj ET Q q 0 0 0 rg BT 303.11 679.35 Td (APS and SCE completed the termination of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (T) Tj ET Q q 0 0 0 rg BT 56.12 665.55 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 113.31 665.55 Td (Agreement on July 6, 2016. ) Tj ET Q q 0 0 0 rg BT 246.18 665.55 Td (APS made the required payment to SCE and wrote-of) Tj ET Q q 0 0 0 rg BT 493.18 665.55 Td (f the $12 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (million regulatory asset and char) Tj ET Q q 0 0 0 rg BT 200.03 651.75 Td (ged operating revenues to reflect the ef) Tj ET Q q 0 0 0 rg BT 379.26 651.75 Td (fects of this order in the second quarter ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (of 2016. On July 29, 2016, ) Tj ET Q q 0 0 0 rg BT 177.92 637.95 Td (APS filed for a rehearing with FERC. In its order denying recovery) Tj ET Q q 0 0 0 rg BT 489.84 637.95 Td (, FERC also ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (referred to its enforcement division a question of whether the agreement between ) Tj ET Q q 0 0 0 rg BT 425.03 624.15 Td (APS and SCE relating to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (settlement of obligations under the ) Tj ET Q q 0 0 0 rg BT 211.86 610.35 Td (T) Tj ET Q q 0 0 0 rg BT 218.48 610.35 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 275.67 610.35 Td (Agreement was a jurisdictional contract that should have been ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (filed with FERC. On October 5, 2017, FERC issued an order denying ) Tj ET Q q 0 0 0 rg BT 374.67 596.55 Td (APS's request for rehearing. FERC also ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (upheld its prior determination that the agreement relating to the settlement was a jurisdictional contract and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (should have been filed with FERC. ) Tj ET Q q 0 0 0 rg BT 216.24 568.95 Td (APS cannot predict whether or if the enforcement division will take any ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (action. ) Tj ET Q q 0 0 0 rg BT 85.59 555.15 Td (APS filed an appeal of FERC's July 1, 2016 and October 5, 2017 orders with the United States Court of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (Appeals for the Ninth Circuit on December 4, 2017. ) Tj ET Q q 0 0 0 rg BT 294.57 541.35 Td (That proceeding is pending and ) Tj ET Q q 0 0 0 rg BT 441.80 541.35 Td (APS cannot predict the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td (outcome of the proceeding. ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 499.95 Td (Financial Strength and Flexibility) Tj ET Q q 0 0 0 rg BT 247.71 499.95 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 250.58 499.95 Td ( Pinnacle ) Tj ET Q q 0 0 0 rg BT 298.60 499.95 Td (W) Tj ET Q q 0 0 0 rg BT 308.53 499.95 Td (est and ) Tj ET Q q 0 0 0 rg BT 343.03 499.95 Td (APS currently have ample borrowing capacity ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (under their respective credit facilities, and may readily access these facilities ensuring adequate liquidity for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (each company) Tj ET Q q 0 0 0 rg BT 114.85 472.35 Td (. Capital expenditures will be funded with internally generated cash and external financings, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (which may include issuances of long-term debt and Pinnacle ) Tj ET Q q 0 0 0 rg BT 331.29 458.55 Td (W) Tj ET Q q 0 0 0 rg BT 341.22 458.55 Td (est common stock.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 444.75 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 430.95 Td (Other Subsidiaries.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td ( ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 403.35 Td (Bright Canyon Energy) Tj ET Q q 0 0 0 rg BT 193.07 403.35 Td (.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 195.95 403.35 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 201.70 403.35 Td (On July31, 2014, Pinnacle ) Tj ET Q q 0 0 0 rg BT 328.94 403.35 Td (W) Tj ET Q q 0 0 0 rg BT 338.88 403.35 Td (est announced its creation of a wholly-owned ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 96.03 389.55 Td (, BCE. BCE's focus is on new growth opportunities that leverage the Company) Tj ET Q q 0 0 0 rg BT 465.10 389.55 Td (s core expertise in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td (the electric ener) Tj ET Q q 0 0 0 rg BT 122.71 375.75 Td (gy industry) Tj ET Q q 0 0 0 rg BT 174.04 375.75 Td (. BCE) Tj ET Q q 0 0 0 rg BT 208.22 375.75 Td (s first initiative is a 50/50 joint venture with BHE U.S. ) Tj ET Q q 0 0 0 rg BT 461.96 375.75 Td (T) Tj ET Q q 0 0 0 rg BT 468.58 375.75 Td (ransmission LLC, a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (subsidiary of Berkshire Hathaway Ener) Tj ET Q q 0 0 0 rg BT 230.69 361.95 Td (gy Company) Tj ET Q q 0 0 0 rg BT 289.03 361.95 Td (. ) Tj ET Q q 0 0 0 rg BT 297.45 361.95 Td (The joint venture, named ) Tj ET Q q 0 0 0 rg BT 415.72 361.95 Td (T) Tj ET Q q 0 0 0 rg BT 422.34 361.95 Td (ransCanyon, is pursuing ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td (independent transmission opportunities within the eleven states that comprise the ) Tj ET Q q 0 0 0 rg BT 425.53 348.15 Td (W) Tj ET Q q 0 0 0 rg BT 435.46 348.15 Td (estern Electricity ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.35 Td (Coordinating Council, excluding opportunities related to transmission service that would otherwise be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (provided under the tarif) Tj ET Q q 0 0 0 rg BT 158.19 320.55 Td (fs of the retail service territories of the venture partners) Tj ET Q q 0 0 0 rg BT 415.02 320.55 Td ( utility af) Tj ET Q q 0 0 0 rg BT 456.97 320.55 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 496.68 320.55 Td (T) Tj ET Q q 0 0 0 rg BT 503.30 320.55 Td (ransCanyon ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (continues to pursue transmission development opportunities in the western United States consistent with its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td (strategy) Tj ET Q q 0 0 0 rg BT 85.16 292.95 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 265.35 Td (On March 29, 2016, ) Tj ET Q q 0 0 0 rg BT 181.11 265.35 Td (T) Tj ET Q q 0 0 0 rg BT 187.73 265.35 Td (ransCanyon entered into a strategic alliance agreement with PG&E to jointly ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.55 Td (pursue competitive transmission opportunities solicited by the CAISO, the operator for the majority of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.75 Td (California's transmission grid. ) Tj ET Q q 0 0 0 rg BT 193.51 237.75 Td (T) Tj ET Q q 0 0 0 rg BT 200.13 237.75 Td (ransCanyon and PG&E intend to jointly engage in the development of future ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.95 Td (transmission infrastructure and compete to develop, build, own and operate transmission projects approved by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.15 Td (the CAISO.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.55 Td ( ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 182.55 Td (El Dorado.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 137.90 182.55 Td ( ) Tj ET Q q 0 0 0 rg BT 143.44 182.55 Td (The operations of El Dorado are not expected to have any material impact on our financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.75 Td (results, or to require any material amounts of capital, over the next three years.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.15 Td ( ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 141.15 Td (4CA.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 109.47 141.15 Td ( See "Four Corners - ) Tj ET Q q 0 0 0 rg BT 209.35 141.15 Td (Asset Purchase ) Tj ET Q q 0 0 0 rg BT 281.53 141.15 Td (Agreement and Coal Supply Matters" above for information ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.35 Td (regarding 4CA.) Tj ET Q endstream endobj 127 0 obj <>] /Rotate 0 /Contents 128 0 R>> endobj 128 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (59) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (Key Financial Drivers) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.15 Td (In addition to the continuing impact of the matters described above, many factors influence our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (financial results and our future financial outlook, including those listed below) Tj ET Q q 0 0 0 rg BT 406.13 679.35 Td (. ) Tj ET Q q 0 0 0 rg BT 414.55 679.35 Td (W) Tj ET Q q 0 0 0 rg BT 424.48 679.35 Td (e closely monitor these ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (factors to plan for the Company) Tj ET Q q 0 0 0 rg BT 199.28 665.55 Td (s current needs, and to adjust our expectations, financial budgets and forecasts ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (appropriately) Tj ET Q q 0 0 0 rg BT 110.06 651.75 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 637.95 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 624.15 Td (Electric Operating Revenues.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 224.45 624.15 Td ( For the years 2015 through 2017, retail electric revenues comprised ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (approximately 95% of our total electric operating revenues. Our electric operating revenues are af) Tj ET Q q 0 0 0 rg BT 502.39 610.35 Td (fected by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (customer growth or decline, variations in weather from period to period, customer mix, average usage per ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (customer and the impacts of ener) Tj ET Q q 0 0 0 rg BT 201.62 582.75 Td (gy ef) Tj ET Q q 0 0 0 rg BT 224.72 582.75 Td (ficiency programs, distributed ener) Tj ET Q q 0 0 0 rg BT 385.46 582.75 Td (gy additions, electricity rates and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (tarif) Tj ET Q q 0 0 0 rg BT 68.45 568.95 Td (fs, the recovery of PSA) Tj ET Q q 0 0 0 rg BT 175.44 568.95 Td ( deferrals and the operation of other recovery mechanisms. ) Tj ET Q q 0 0 0 rg BT 451.45 568.95 Td (These revenue ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (transactions are af) Tj ET Q q 0 0 0 rg BT 132.95 555.15 Td (fected by the availability of excess generation or other ener) Tj ET Q q 0 0 0 rg BT 405.11 555.15 Td (gy resources and wholesale ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (market conditions, including competition, demand and prices.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 527.55 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 513.75 Td (Actual and Projected Customer and Sales Growth.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 327.03 513.75 Td ( Retail customers in ) Tj ET Q q 0 0 0 rg BT 420.94 513.75 Td (APS) Tj ET Q q 0 0 0 rg BT 445.23 513.75 Td (s service territory ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (increased 1.8% for the year ended December 31, 2017 compared with the prior year) Tj ET Q q 0 0 0 rg BT 434.92 499.95 Td (. For the three years 2015 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (through 2017, ) Tj ET Q q 0 0 0 rg BT 116.27 486.15 Td (APS) Tj ET Q q 0 0 0 rg BT 140.56 486.15 Td (s customer growth averaged 1.5% per year) Tj ET Q q 0 0 0 rg BT 336.31 486.15 Td (. ) Tj ET Q q 0 0 0 rg BT 344.73 486.15 Td (W) Tj ET Q q 0 0 0 rg BT 354.66 486.15 Td (e currently project annual customer growth ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (to be 1.5 - 2.5% for 2018 and to average in the range of 2 - 3% for 2018 through 2020 based on our assessment ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (of modestly improving economic conditions in ) Tj ET Q q 0 0 0 rg BT 267.34 458.55 Td (Arizona.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 430.95 Td (Retail electricity sales in kWh, adjusted to exclude the ef) Tj ET Q q 0 0 0 rg BT 347.15 430.95 Td (fects of weather variations, decreased 0.3% ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.15 Td (for the year ended December 31, 2017 compared with the prior year) Tj ET Q q 0 0 0 rg BT 361.80 417.15 Td (. Improving economic conditions and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td (customer growth were more than of) Tj ET Q q 0 0 0 rg BT 213.75 403.35 Td (fset by ener) Tj ET Q q 0 0 0 rg BT 267.19 403.35 Td (gy savings driven by customer conservation, ener) Tj ET Q q 0 0 0 rg BT 494.69 403.35 Td (gy ef) Tj ET Q q 0 0 0 rg BT 517.79 403.35 Td (ficiency) Tj ET Q q 0 0 0 rg BT 554.08 403.35 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td (distributed renewable generation initiatives and one fewer day of sales due to the leap year in 2016. For the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td (three years 2015 through 2017, ) Tj ET Q q 0 0 0 rg BT 195.14 375.75 Td (APS experienced annual increases in retail electricity sales averaging 0.1%, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (adjusted to exclude the ef) Tj ET Q q 0 0 0 rg BT 166.81 361.95 Td (fects of weather variations. ) Tj ET Q q 0 0 0 rg BT 296.88 361.95 Td (W) Tj ET Q q 0 0 0 rg BT 306.81 361.95 Td (e currently project that annual retail electricity sales in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td (kWh will increase in the range of 0.5 - 1.5% for 2018 and increase on average in the range of 0.5 - 1.5% during ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.35 Td (2018 through 2020, including the ef) Tj ET Q q 0 0 0 rg BT 214.74 334.35 Td (fects of customer conservation and ener) Tj ET Q q 0 0 0 rg BT 397.51 334.35 Td (gy ef) Tj ET Q q 0 0 0 rg BT 420.61 334.35 Td (ficiency and distributed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (renewable generation initiatives, but excluding the ef) Tj ET Q q 0 0 0 rg BT 293.58 320.55 Td (fects of weather variations. ) Tj ET Q q 0 0 0 rg BT 423.23 320.55 Td (A) Tj ET Q q 0 0 0 rg BT 430.90 320.55 Td ( slower recovery of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (Arizona economy or acceleration of the expected ef) Tj ET Q q 0 0 0 rg BT 287.16 306.75 Td (fects of customer conservation, ener) Tj ET Q q 0 0 0 rg BT 453.32 306.75 Td (gy ef) Tj ET Q q 0 0 0 rg BT 476.42 306.75 Td (ficiency or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td (distributed renewable generation initiatives could further impact these estimates.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 265.35 Td (Actual sales growth, excluding weather) Tj ET Q q 0 0 0 rg BT 266.98 265.35 Td (-related variations, may dif) Tj ET Q q 0 0 0 rg BT 391.31 265.35 Td (fer from our projections as a result ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.55 Td (of numerous factors, such as economic conditions, customer growth, usage patterns and ener) Tj ET Q q 0 0 0 rg BT 475.64 251.55 Td (gy conservation, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.75 Td (impacts of ener) Tj ET Q q 0 0 0 rg BT 120.18 237.75 Td (gy ef) Tj ET Q q 0 0 0 rg BT 143.28 237.75 Td (ficiency programs and growth in DG, and responses to retail price changes. Based on past ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.95 Td (experience, a reasonable range of variation in our kWh sales projections attributable to such economic factors ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.15 Td (under normal business conditions can result in increases or decreases in annual net income of up to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.35 Td (approximately $10 million.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 182.55 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 168.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 168.75 Td (W) Tj ET Q q 0 0 0 rg BT 94.87 168.75 Td (eather) Tj ET Q q 0 0 0 rg BT 124.26 168.75 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 127.14 168.75 Td ( In forecasting the retail sales growth numbers provided above, we assume normal weather ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 154.95 Td (patterns based on historical data. Historically) Tj ET Q q 0 0 0 rg BT 259.21 154.95 Td (, extreme weather variations have resulted in annual variations in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.15 Td (net income in excess of $20 million. However) Tj ET Q q 0 0 0 rg BT 263.98 141.15 Td (, our experience indicates that the more typical variations from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.35 Td (normal weather can result in increases or decreases in annual net income of up to $10 million.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 113.55 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 99.75 Td (Fuel and Purchased Power Costs.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 246.21 99.75 Td ( Fuel and purchased power costs included on our Consolidated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 85.95 Td (Statements of Income are impacted by our electricity sales volumes, existing contracts for purchased power ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.15 Td (and generation fuel, our power plant performance, transmission availability or constraints, prevailing market ) Tj ET Q endstream endobj 129 0 obj <>] /Rotate 0 /Contents 130 0 R>> endobj 130 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (60) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (prices, new generating plants being placed in service in our market areas, changes in our generation resource ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (allocation, our hedging program for managing such costs and PSA) Tj ET Q q 0 0 0 rg BT 354.84 720.75 Td ( deferrals and the related amortization.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 693.15 Td (Operations and Maintenance Expenses) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 271.76 693.15 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 277.51 693.15 Td ( Operations and maintenance expenses are impacted by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (customer and sales growth, power plant operations, maintenance of utility plant \(including generation, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (transmission, and distribution facilities\), inflation, unplanned outages, planned outages \(typically scheduled in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (the spring and fall\), renewable ener) Tj ET Q q 0 0 0 rg BT 212.14 651.75 Td (gy and demand side management related expenses \(which are of) Tj ET Q q 0 0 0 rg BT 507.94 651.75 Td (fset by the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (same amount of operating revenues\) and other factors. See Note 2 for discussion on new accounting guidance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td (related to the presentation of net periodic pension and postretirement benefit cost.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 596.55 Td (Depreciation and ) Tj ET Q q 0 0 0 rg BT 170.05 596.55 Td (Amortization Expenses.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 282.52 596.55 Td ( Depreciation and amortization expenses are impacted by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (net additions to utility plant and other property \(such as new generation, transmission, and distribution ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (facilities\), and changes in depreciation and amortization rates. See "Liquidity and Capital Resources" below ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td (for information regarding the planned additions to our facilities and income tax impacts related to bonus ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.35 Td (depreciation. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.55 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 513.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 513.75 Td (Property T) Tj ET Q q 0 0 0 rg BT 135.22 513.75 Td (axes.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 159.18 513.75 Td ( ) Tj ET Q q 0 0 0 rg BT 164.72 513.75 Td (T) Tj ET Q q 0 0 0 rg BT 170.94 513.75 Td (axes other than income taxes consist primarily of property taxes, which are af) Tj ET Q q 0 0 0 rg BT 527.44 513.75 Td (fected ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.95 Td (by the value of property in-service and under construction, assessment ratios, and tax rates. ) Tj ET Q q 0 0 0 rg BT 474.03 499.95 Td (The average ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.15 Td (property tax rate in ) Tj ET Q q 0 0 0 rg BT 139.55 486.15 Td (Arizona for ) Tj ET Q q 0 0 0 rg BT 195.12 486.15 Td (APS, which owns essentially all of our property) Tj ET Q q 0 0 0 rg BT 414.76 486.15 Td (, was 1) Tj ET Q q 0 0 0 rg BT 446.60 486.15 Td (1.2% of the assessed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.35 Td (value for 2017, 1) Tj ET Q q 0 0 0 rg BT 127.64 472.35 Td (1.2% for 2016 and 1) Tj ET Q q 0 0 0 rg BT 221.43 472.35 Td (1.0% for 2015. ) Tj ET Q q 0 0 0 rg BT 295.96 472.35 Td (W) Tj ET Q q 0 0 0 rg BT 305.89 472.35 Td (e expect property taxes to increase as we add new ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.55 Td (generating units and continue with improvements and expansions to our existing generating units and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.75 Td (transmission and distribution facilities. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.95 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 417.15 Td (Income T) Tj ET Q q 0 0 0 rg BT 130.12 417.15 Td (axes) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 151.20 417.15 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 154.08 417.15 Td ( Income taxes are af) Tj ET Q q 0 0 0 rg BT 249.33 417.15 Td (fected by the amount of pretax book income, income tax rates, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.35 Td (certain deductions and non-taxable items, such as ) Tj ET Q q 0 0 0 rg BT 279.44 403.35 Td (AFUDC. In addition, income taxes may also be af) Tj ET Q q 0 0 0 rg BT 512.70 403.35 Td (fected by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.55 Td (the settlement of issues with taxing authorities. On December 22, 2017, the ) Tj ET Q q 0 0 0 rg BT 401.25 389.55 Td (T) Tj ET Q q 0 0 0 rg BT 407.48 389.55 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 487.34 389.55 Td (Act was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.75 Td (enacted and is generally ef) Tj ET Q q 0 0 0 rg BT 171.90 375.75 Td (fective on January 1, 2018. Changes which will impact the Company include a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.95 Td (reduction in the corporate tax rate to 21%, revisions to the rules related to tax bonus depreciation, limitations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.15 Td (on interest deductibility and an associated exception for certain public utilities, and requirements that certain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.35 Td (excess deferred tax amounts of regulated utilities be normalized. \(See Note 4 for details of the impacts on the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.55 Td (Company as of December 31, 2017.\) In ) Tj ET Q q 0 0 0 rg BT 236.65 320.55 Td (APS's recent general retail rate case, the ) Tj ET Q q 0 0 0 rg BT 423.29 320.55 Td (ACC approved a ) Tj ET Q q 0 0 0 rg BT 503.24 320.55 Td (T) Tj ET Q q 0 0 0 rg BT 509.47 320.55 Td (ax Expense ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (Adjustor Mechanism which will be used to pass through the income tax ef) Tj ET Q q 0 0 0 rg BT 391.04 306.75 Td (fects to retail customers of the ) Tj ET Q q 0 0 0 rg BT 532.62 306.75 Td (T) Tj ET Q q 0 0 0 rg BT 538.84 306.75 Td (ax ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.95 Td (Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 115.64 292.95 Td (Act. \(See Note 3 for details of the ) Tj ET Q q 0 0 0 rg BT 276.38 292.95 Td (TEAM.\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.15 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 265.35 Td (Interest Expense.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 167.92 265.35 Td ( Interest expense is af) Tj ET Q q 0 0 0 rg BT 270.22 265.35 Td (fected by the amount of debt outstanding and the interest rates ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.55 Td (on that debt \(see Note 6\). ) Tj ET Q q 0 0 0 rg BT 171.29 251.55 Td (The primary factors af) Tj ET Q q 0 0 0 rg BT 274.21 251.55 Td (fecting borrowing levels are expected to be our capital ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.75 Td (expenditures, long-term debt maturities, equity issuances and internally generated cash flow) Tj ET Q q 0 0 0 rg BT 472.21 237.75 Td (. ) Tj ET Q q 0 0 0 rg BT 480.21 237.75 Td (AFUDC of) Tj ET Q q 0 0 0 rg BT 531.43 237.75 Td (fsets a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.95 Td (portion of interest expense while capital projects are under construction. ) Tj ET Q q 0 0 0 rg BT 387.16 223.95 Td (W) Tj ET Q q 0 0 0 rg BT 397.09 223.95 Td (e stop accruing ) Tj ET Q q 0 0 0 rg BT 468.95 223.95 Td (AFUDC on a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.15 Td (project when it is placed in commercial operation.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 231.80 182.55 Td (RESUL) Tj ET Q q 0 0 0 rg BT 269.09 182.55 Td (TS OF) Tj ET Q q 0 0 0 rg BT 301.58 182.55 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 343.85 182.55 Td (TIONS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 305.75 168.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 154.95 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 154.95 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 154.95 Td (est) Tj ET Q q 0 0 0 rg BT 153.67 154.95 Td (s only reportable business segment is our regulated electricity segment, which consists ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.15 Td (of traditional regulated retail and wholesale electricity businesses \(primarily electric service to Native Load ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.35 Td (customers\) and related activities and includes electricity generation, transmission and distribution.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 113.55 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 99.75 Td (Operating Results 2017 compar) Tj ET Q q 0 0 0 rg BT 213.48 99.75 Td (ed with 2016.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 72.15 Td (Our consolidated net income attributable to common shareholders for the year ended December31, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.35 Td (2017 was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 96.14 58.35 Td ($488 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 155.24 58.35 Td (, compared with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 232.52 58.35 Td ($442 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 291.62 58.35 Td ( for the prior year) Tj ET Q q 0 0 0 rg BT 372.09 58.35 Td (. ) Tj ET Q q 0 0 0 rg BT 380.51 58.35 Td (The results reflect an increase of ) Tj ET Q endstream endobj 131 0 obj <>] /Rotate 0 /Contents 132 0 R>> endobj 132 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 30.55 Td (61) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 741.05 Td (approximately $48 million for the regulated electricity segment primarily due to higher revenue resulting from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 727.25 Td (the retail regulatory settlement ef) Tj ET Q q 0 0 0 rg BT 201.93 727.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 235.45 727.25 Td (August 19, 2017, higher transmission revenues, higher retail revenues ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 713.45 Td (due to customer growth and higher average ef) Tj ET Q q 0 0 0 rg BT 260.37 713.45 Td (fective prices due to customer usage patterns and changes ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 699.65 Td (relating to customer program eligibility) Tj ET Q q 0 0 0 rg BT 230.16 699.65 Td (, partially of) Tj ET Q q 0 0 0 rg BT 286.48 699.65 Td (fset by higher depreciation and amortization primarily due ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 685.85 Td (to increased plant in service and higher depreciation and amortization rates.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 658.25 Td (The following table presents net income attributable to common shareholders by business segment ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 644.45 Td (compared with the prior year:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 592.95 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 592.95 203.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 561.95 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 561.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 561.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 561.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 561.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 561.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 529.95 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 529.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 529.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 529.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 529.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 529.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 497.95 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 497.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 497.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 497.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 497.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 497.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 454.95 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 454.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 454.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 454.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 454.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 454.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 422.95 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 422.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 422.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 422.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 422.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 422.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 390.95 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 390.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 390.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 390.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 390.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 390.95 65.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 607.95 m 424 607.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 607.95 m 428 607.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 607.95 m 493 607.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 607.95 m 424 607.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 592.95 m 424 592.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 607.95 m 493 607.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 592.95 m 493 592.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 592.95 m 562 592.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 422.95 m 424 422.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 422.95 m 493 422.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 422.95 m 562 422.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 422.95 m 424 422.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 422.95 m 493 422.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 390.95 m 424 390.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 390.95 m 493 390.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 390.95 m 562 390.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 390.95 m 424 390.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 375.95 m 424 375.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 373.95 m 424 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 390.95 m 493 390.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 375.95 m 493 375.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 373.95 m 493 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 390.95 m 562 390.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 375.95 m 562 375.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 373.95 m 562 373.95 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 610.67 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 397.90 623.85 Td (Y) Tj ET Q q 0 0 0 rg BT 404.62 623.85 Td (ear) Tj ET Q q 0 0 0 rg BT 419.69 623.85 Td (Ended) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 393.50 612.85 Td (December) Tj ET Q q 0 0 0 rg BT 440.94 612.85 Td (31,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 612.85 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 380.00 597.85 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 449.00 597.85 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 502.85 597.85 Td (Netchange) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 580.67 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 414.15 582.85 Td (\(dollarsinmillions\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 567.48 Td (Regulated Electricity Segment:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 420.50 566.98 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 489.50 566.98 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.50 566.98 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 551.48 Td (Operating revenues less fuel and purchased power expenses) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 361.50 550.98 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 393.75 550.98 Td (2,561) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 550.98 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 462.75 550.98 Td (2,407) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 550.98 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 540.40 550.98 Td (154) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 535.48 Td (Operations and maintenance) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 398.55 535.03 Td (\(91) Tj ET Q q 0 0 0 rg BT 413.88 535.03 Td (1) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 534.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 467.55 535.03 Td (\(906) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 534.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 548.05 535.03 Td (\(5) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 534.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 519.48 Td (Depreciation and amortization) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 398.55 519.03 Td (\(532) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 518.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 467.55 519.03 Td (\(485) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 518.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 542.30 519.03 Td (\(47) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 518.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 503.48 Td (T) Tj ET Q q 0 0 0 rg BT 59.12 503.48 Td (axes other than income taxes) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 398.55 503.03 Td (\(183) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 502.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 467.55 503.03 Td (\(166) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 502.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 542.30 503.03 Td (\(17) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 502.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 487.48 Td (All other income and expenses, net) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 408.15 486.98 Td (29) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.15 486.98 Td (35) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 548.05 487.03 Td (\(6) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 486.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 471.48 Td (Interest char) Tj ET Q q 0 0 0 rg BT 109.54 471.48 Td (ges, net of allowance for borrowed funds used during) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 459.98 Td (construction) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 398.55 460.03 Td (\(198) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 459.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 467.55 460.03 Td (\(186) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 459.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 542.30 460.03 Td (\(12) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 459.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 444.48 Td (Income taxes \(Note 4\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 398.55 444.03 Td (\(256) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 443.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 467.55 444.03 Td (\(237) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 443.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 542.30 444.03 Td (\(19) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 443.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 428.48 Td (Less income related to noncontrolling interests \(Note 18\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 404.30 428.03 Td (\(19) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 427.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 473.30 428.03 Td (\(19) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 427.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 427.98 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 412.48 Td (Regulated electricity segment income) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 402.40 411.98 Td (491) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.40 411.98 Td (443) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 411.98 Td (48) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 396.48 Td (All other) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 410.05 396.03 Td (\(3) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 395.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 479.05 396.03 Td (\(1) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 395.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 548.05 396.03 Td (\(2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 395.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 380.48 Td (Net Income ) Tj ET Q q 0 0 0 rg BT 108.70 380.48 Td (Attributable to Common Shareholders) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 361.50 379.98 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 402.40 379.98 Td (488) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 379.98 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.40 379.98 Td (442) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 379.98 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 379.98 Td (46) Tj ET Q BT /F1 11.50 Tf ET endstream endobj 133 0 obj <>] /Rotate 0 /Contents 134 0 R>> endobj 134 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 30.55 Td (62) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 741.25 Td (Operating revenues less fuel and purchased power expenses) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 369.49 741.25 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 375.24 741.25 Td ( Regulated electricity segment operating ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 727.45 Td (revenues less fuel and purchased power expenses were $154 million higher for the year ended December31, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 713.65 Td (2017 compared with the prior year) Tj ET Q q 0 0 0 rg BT 208.22 713.65 Td (. ) Tj ET Q q 0 0 0 rg BT 216.64 713.65 Td (The following table summarizes the major components of this change:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 48.75 608.35 319.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.75 608.35 62.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.75 608.35 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.75 608.35 59.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.75 608.35 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.75 608.35 65.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.75 563.35 319.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.75 563.35 62.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.75 563.35 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.75 563.35 59.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.75 563.35 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.75 563.35 65.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.75 527.35 319.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.75 527.35 62.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.75 527.35 4.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.75 527.35 59.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.75 527.35 4.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.75 527.35 65.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.75 471.35 319.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.75 471.35 62.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.75 471.35 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.75 471.35 59.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.75 471.35 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.75 471.35 65.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.75 427.35 319.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.75 427.35 62.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.75 427.35 4.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.75 427.35 59.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.75 427.35 4.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.75 427.35 65.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.75 372.35 319.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.75 372.35 62.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.75 372.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.75 372.35 59.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.75 372.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.75 372.35 65.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.75 674.35 m 429.75 674.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.75 674.35 m 433.75 674.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.75 674.35 m 492.75 674.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.75 674.35 m 496.75 674.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.75 674.35 m 561.75 674.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.75 624.35 m 429.75 624.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.75 674.35 m 492.75 674.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.75 624.35 m 492.75 624.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.75 674.35 m 561.75 674.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.75 624.35 m 561.75 624.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.75 624.35 m 429.75 624.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.75 624.35 m 492.75 624.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.75 624.35 m 561.75 624.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.75 372.35 m 429.75 372.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.75 372.35 m 492.75 372.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.75 372.35 m 561.75 372.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.75 372.35 m 429.75 372.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.75 357.35 m 429.75 357.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.75 355.35 m 429.75 355.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.75 372.35 m 492.75 372.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.75 357.35 m 492.75 357.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.75 355.35 m 492.75 355.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.75 372.35 m 561.75 372.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.75 357.35 m 561.75 357.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.75 355.35 m 561.75 355.35 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 51.25 679.25 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 418.45 679.25 Td (Incr) Tj ET Q q 0 0 0 rg BT 438.51 679.25 Td (ease\(Decr) Tj ET Q q 0 0 0 rg BT 486.86 679.25 Td (ease\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 51.25 629.25 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 374.10 640.25 Td (Operating) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 377.55 629.25 Td (r) Tj ET Q q 0 0 0 rg BT 382.23 629.25 Td (evenues) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 441.15 663.86 Td (Fueland) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 437.25 652.36 Td (pur) Tj ET Q q 0 0 0 rg BT 454.94 652.36 Td (chased) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 447.50 640.86 Td (power) Tj ET Q q 0 0 0 rg BT 477.95 640.86 Td ( ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 441.30 629.36 Td (expenses) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 501.40 629.36 Td (Netchange) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 418.40 613.25 Td (\(dollarsinmillions\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 597.88 Td (Impacts of retail regulatory settlement ef) Tj ET Q q 0 0 0 rg BT 238.59 597.88 Td (fective ) Tj ET Q q 0 0 0 rg BT 272.33 597.88 Td (August 19, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 64.75 586.38 Td (\(Note 3\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 370.25 586.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 413.90 586.38 Td (55) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 436.25 586.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 476.90 586.38 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.25 586.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 545.90 586.38 Td (55) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 568.38 Td (T) Tj ET Q q 0 0 0 rg BT 58.07 568.38 Td (ransmission revenues \(Note 3\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 63.25 551.38 Td (Higher transmission revenues) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 413.90 551.38 Td (30) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 476.90 551.38 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 545.90 551.38 Td (30) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 63.25 532.38 Td (Absence of 2016 FERC disallowance) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 413.90 532.38 Td (12) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 476.90 532.38 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 545.90 532.38 Td (12) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 516.38 Td (Higher retail revenue due to customer growth and higher average) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 64.75 504.88 Td (ef) Tj ET Q q 0 0 0 rg BT 73.58 504.88 Td (fective prices due to customer usage patterns and changes) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 64.75 493.38 Td (relating to customer program participation \(a\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 413.90 493.38 Td (21) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 478.80 493.43 Td (\(3) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.40 493.38 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 545.90 493.38 Td (24) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 476.38 Td (Lost fixed cost recovery) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 413.90 476.38 Td (14) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 476.90 476.38 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 545.90 476.38 Td (14) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 459.38 Td (Ef) Tj ET Q q 0 0 0 rg BT 62.00 459.38 Td (fects of weather) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 459.38 Td (9) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 482.65 459.38 Td (3) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.65 459.38 Td (6) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 443.88 Td (Changes in net fuel and purchased power costs, including of) Tj ET Q q 0 0 0 rg BT 328.36 443.88 Td (f-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 64.75 432.38 Td (system sales mar) Tj ET Q q 0 0 0 rg BT 142.58 432.38 Td (gins and related deferrals) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 410.05 432.43 Td (\(83) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 425.40 432.38 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 473.05 432.43 Td (\(92) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.40 432.38 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.65 432.38 Td (9) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 416.38 Td (Higher demand side management regulatory surchar) Tj ET Q q 0 0 0 rg BT 292.14 416.38 Td (ges and) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 64.75 404.88 Td (renewable ener) Tj ET Q q 0 0 0 rg BT 134.45 404.88 Td (gy regulatory surchar) Tj ET Q q 0 0 0 rg BT 232.60 404.88 Td (ges and purchased power) Tj ET Q q 0 0 0 rg BT 348.06 404.88 Td (,) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 64.75 393.38 Td (partially of) Tj ET Q q 0 0 0 rg BT 115.32 393.38 Td (fset in operations and maintenance costs) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 393.38 Td (9) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 482.65 393.38 Td (2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.65 393.38 Td (7) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 377.38 Td (Miscellaneous items, net) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 415.80 377.43 Td (\(3) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 425.40 377.38 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 476.90 377.38 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 547.80 377.43 Td (\(3) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.40 377.38 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 361.38 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 361.38 Td (otal) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 370.25 361.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 413.90 361.38 Td (64) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 436.25 361.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 473.05 361.43 Td (\(90) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.40 361.38 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.25 361.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 540.15 361.38 Td (154) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 337.05 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 103.50 337.05 Td (Partially of) Tj ET Q q 0 0 0 rg BT 154.71 337.05 Td (fset by the impacts of ef) Tj ET Q q 0 0 0 rg BT 265.32 337.05 Td (ficiency programs and distributed generation.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 309.45 Td (Operations and maintenance) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 222.88 309.45 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 225.76 309.45 Td ( Operations and maintenance expenses increased $5 million for the year ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 295.65 Td (ended December31, 2017 compared with the prior year primarily because of:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 268.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 268.05 Td (An increase of $10 million for employee benefit costs;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 240.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 240.45 Td (An increase of $9 million for costs primarily related to information technology and other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 226.65 Td (corporate support; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 199.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 199.05 Td (An increase of $8 million related to costs for demand-side management, renewable ener) Tj ET Q q 0 0 0 rg BT 530.39 199.05 Td (gy and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 185.25 Td (similar regulatory programs, which is partially of) Tj ET Q q 0 0 0 rg BT 352.23 185.25 Td (fset in operating revenues and purchased ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 171.45 Td (power;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 143.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 143.85 Td (An increase of $5 million related to the Navajo Plant capital projects canceled due to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 130.05 Td (expected plant retirement, which were deferred for regulatory recovery in depreciation;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 102.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 102.45 Td (A) Tj ET Q q 0 0 0 rg BT 133.67 102.45 Td ( decrease of $12 million for lower Palo ) Tj ET Q q 0 0 0 rg BT 316.14 102.45 Td (V) Tj ET Q q 0 0 0 rg BT 323.17 102.45 Td (erde operating costs;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 74.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 74.85 Td (A) Tj ET Q q 0 0 0 rg BT 133.67 74.85 Td ( decrease of $1) Tj ET Q q 0 0 0 rg BT 202.53 74.85 Td (1 million in fossil generation costs primarily due to less planned outage ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 61.05 Td (activity in the current year and lower Navajo Generating Plant costs;) Tj ET Q endstream endobj 135 0 obj <>] /Rotate 0 /Contents 136 0 R>> endobj 136 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 30.55 Td (63) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 741.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 741.05 Td (A) Tj ET Q q 0 0 0 rg BT 133.67 741.05 Td ( decrease of $5 million primarily due to the absence of 2016 costs to support the Company's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 727.25 Td (positions on a solar net metering ballot initiative in ) Tj ET Q q 0 0 0 rg BT 362.68 727.25 Td (Arizona; and) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 699.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 699.65 Td (An increase of $1 million related to miscellaneous other factors.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 672.05 Td (Depreciation and amortization.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 233.42 672.05 Td ( Depreciation and amortization expenses were $47 million higher for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 658.25 Td (the year ended December 31, 2017 compared with the prior year primarily related to increased plant in service ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 644.45 Td (of $32 million and increased depreciation and amortization rates of $19 million, partially of) Tj ET Q q 0 0 0 rg BT 470.84 644.45 Td (fset by the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 630.65 Td (regulatory deferral of the canceled capital projects associated with the expected Navajo Plant retirement of $5 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 616.85 Td (million. ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 589.25 Td (T) Tj ET Q q 0 0 0 rg BT 91.47 589.25 Td (axes other than income taxes.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 232.35 589.25 Td ( ) Tj ET Q q 0 0 0 rg BT 237.90 589.25 Td (T) Tj ET Q q 0 0 0 rg BT 244.12 589.25 Td (axes other than income taxes were $17 million higher for the year ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 575.45 Td (ended December 31, 2017 compared with the prior year primarily due to higher property values and the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 561.65 Td (amortization of our property tax deferral regulatory asset.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 534.05 Td (All other income and expenses, net.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 253.86 534.05 Td ( ) Tj ET Q q 0 0 0 rg BT 258.97 534.05 Td (All other income and expenses, net, were $6 million lower for the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 520.25 Td (year ended December31, 2017 compared with the prior year primarily due to the absence of a gain on sale of a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 506.45 Td (transmission line, which occurred in 2016.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 478.85 Td (Interest charges, net of allowance for borrowed funds used during construction) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 461.55 478.85 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 464.42 478.85 Td ( Interest char) Tj ET Q q 0 0 0 rg BT 527.11 478.85 Td (ges, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 465.05 Td (net of allowance for borrowed funds used during construction, increased $12 million for the year ended ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 451.25 Td (December 31, 2017 compared with the prior year) Tj ET Q q 0 0 0 rg BT 275.76 451.25 Td (, primarily because of higher debt balances in the current ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 437.45 Td (year) Tj ET Q q 0 0 0 rg BT 68.65 437.45 Td (.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 409.85 Td (Income taxes.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 151.30 409.85 Td ( Income taxes were $19 million higher for the year ended December 31, 2017 compared ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 396.05 Td (with the prior year primarily due to the ef) Tj ET Q q 0 0 0 rg BT 240.26 396.05 Td (fects of higher pretax income in the current year and the ef) Tj ET Q q 0 0 0 rg BT 509.86 396.05 Td (fects of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 382.25 Td (federal tax reform, partially of) Tj ET Q q 0 0 0 rg BT 188.82 382.25 Td (fset by a lower ef) Tj ET Q q 0 0 0 rg BT 268.44 382.25 Td (fective tax rate primarily due to stock compensation. ) Tj ET Q q 0 0 0 rg BT 513.17 382.25 Td (The stock ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 368.45 Td (compensation guidance requires all excess income tax benefits and deficiencies arising from share-based ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 354.65 Td (payments to be recognized in earnings in the period they occur) Tj ET Q q 0 0 0 rg BT 337.73 354.65 Td (, which causes ef) Tj ET Q q 0 0 0 rg BT 416.07 354.65 Td (fective tax rate fluctuations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 340.85 Td (when stock compensation payouts occur) Tj ET Q q 0 0 0 rg BT 234.74 340.85 Td (.) Tj ET Q endstream endobj 137 0 obj <>] /Rotate 0 /Contents 138 0 R>> endobj 138 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 30.55 Td (64) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 727.45 Td (Operating Results 2016 compar) Tj ET Q q 0 0 0 rg BT 213.48 727.45 Td (ed with 2015.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 699.85 Td (Our consolidated net income attributable to common shareholders for the year ended December31, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 686.05 Td (2016 was $442 million, compared with $437 million for the prior year) Tj ET Q q 0 0 0 rg BT 372.09 686.05 Td (. ) Tj ET Q q 0 0 0 rg BT 380.51 686.05 Td (The results reflect an increase of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 672.25 Td (approximately $4 million for the regulated electricity segment primarily due to higher transmission revenues, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 658.45 Td (higher retail revenues due to customer growth and changes in customer usage patterns and related pricing, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 644.65 Td (partially of) Tj ET Q q 0 0 0 rg BT 100.07 644.65 Td (fset by higher operations and maintenance expense primarily related to transmission, distribution ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 630.85 Td (and customer service costs. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 603.25 Td (The following table presents net income attributable to common shareholders by business segment ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 589.45 Td (compared with the prior year:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 522.95 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 522.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 522.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 522.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 522.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 522.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 490.95 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 490.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 490.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 490.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 490.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 490.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 458.95 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 458.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 458.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 458.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 458.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 458.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 426.95 309.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 426.95 65.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 426.95 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 426.95 65.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 426.95 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 426.95 65.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 383.95 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 383.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 383.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 383.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 383.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 383.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 351.95 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 351.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 351.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 351.95 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 351.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 351.95 65.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 552.95 m 424 552.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 552.95 m 428 552.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 552.95 m 493 552.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 552.95 m 424 552.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 537.95 m 424 537.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 552.95 m 493 552.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 537.95 m 493 537.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 537.95 m 562 537.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 367.95 m 424 367.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 367.95 m 493 367.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 367.95 m 562 367.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 367.95 m 424 367.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 367.95 m 493 367.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 335.95 m 424 335.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 335.95 m 493 335.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 335.95 m 562 335.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 335.95 m 424 335.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 320.95 m 424 320.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 318.95 m 424 318.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 335.95 m 493 335.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 320.95 m 493 320.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 318.95 m 493 318.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 335.95 m 562 335.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 320.95 m 562 320.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 318.95 m 562 318.95 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 555.67 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 397.90 568.85 Td (Y) Tj ET Q q 0 0 0 rg BT 404.62 568.85 Td (ear) Tj ET Q q 0 0 0 rg BT 419.69 568.85 Td (Ended) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 393.50 557.85 Td (December) Tj ET Q q 0 0 0 rg BT 440.94 557.85 Td (31,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 529.00 557.85 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 380.00 542.85 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 449.00 542.85 Td (2015) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 502.85 542.85 Td (Netchange) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 525.67 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 414.15 527.85 Td (\(dollarsinmillions\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 512.48 Td (Regulated Electricity Segment:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 420.50 511.98 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 489.50 511.98 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.50 511.98 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 496.48 Td (Operating revenues less fuel and purchased power expenses) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 361.50 495.98 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 393.75 495.98 Td (2,407) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 495.98 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 462.75 495.98 Td (2,391) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 495.98 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 495.98 Td (16) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 480.48 Td (Operations and maintenance) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 398.55 480.03 Td (\(906) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 479.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 467.55 480.03 Td (\(868) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 479.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 542.30 480.03 Td (\(38) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 479.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 464.48 Td (Depreciation and amortization) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 398.55 464.03 Td (\(485) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 463.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 467.55 464.03 Td (\(494) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 463.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.90 463.98 Td (9) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 448.48 Td (T) Tj ET Q q 0 0 0 rg BT 59.12 448.48 Td (axes other than income taxes) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 398.55 448.03 Td (\(166) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 447.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 467.55 448.03 Td (\(172) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 447.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.90 447.98 Td (6) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 432.48 Td (All other income and expenses, net) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 408.15 431.98 Td (35) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.15 431.98 Td (19) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 431.98 Td (16) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 416.48 Td (Interest char) Tj ET Q q 0 0 0 rg BT 109.54 416.48 Td (ges, net of allowance for borrowed funds used during) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 404.98 Td (construction) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 398.55 405.03 Td (\(186) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 404.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 467.55 405.03 Td (\(179) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 404.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 548.05 405.03 Td (\(7) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 404.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 389.48 Td (Income taxes) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 398.55 389.03 Td (\(237) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 388.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 467.55 389.03 Td (\(239) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 388.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.90 388.98 Td (2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 373.48 Td (Less income related to noncontrolling interests \(Note 18\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 404.30 373.03 Td (\(19) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 372.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 473.30 373.03 Td (\(19) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 372.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 372.98 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 357.48 Td (Regulated electricity segment income) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 402.40 356.98 Td (443) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.40 356.98 Td (439) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.90 356.98 Td (4) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 341.48 Td (All other) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 410.05 341.03 Td (\(1) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 340.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 479.05 341.03 Td (\(2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 340.98 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.90 340.98 Td (1) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 325.48 Td (Net Income ) Tj ET Q q 0 0 0 rg BT 108.70 325.48 Td (Attributable to Common Shareholders) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 361.50 324.98 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 402.40 324.98 Td (442) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 324.98 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.40 324.98 Td (437) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 324.98 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.90 324.98 Td (5) Tj ET Q BT /F1 11.50 Tf ET endstream endobj 139 0 obj <>] /Rotate 0 /Contents 140 0 R>> endobj 140 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 30.55 Td (65) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 741.25 Td (Operating revenues less fuel and purchased power expenses) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 369.49 741.25 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 375.24 741.25 Td ( Regulated electricity segment operating ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 727.45 Td (revenues less fuel and purchased power expenses were $) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 310.07 727.45 Td (16 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 357.67 727.45 Td ( higher for the year ended December31, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 713.65 Td (2016 compared with the prior year) Tj ET Q q 0 0 0 rg BT 208.22 713.65 Td (. ) Tj ET Q q 0 0 0 rg BT 216.64 713.65 Td (The following table summarizes the major components of this change:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 48.75 622.15 318.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.75 622.15 62.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.75 622.15 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.75 622.15 59.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.75 622.15 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.75 622.15 66.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.75 590.15 318.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.75 590.15 62.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.75 590.15 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.75 590.15 59.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.75 590.15 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.75 590.15 66.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.75 558.15 318.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.75 558.15 62.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.75 558.15 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.75 558.15 59.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.75 558.15 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.75 558.15 66.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.75 515.15 318.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.75 515.15 62.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.75 515.15 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.75 515.15 59.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.75 515.15 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.75 515.15 66.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.75 461.15 318.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.75 461.15 62.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.75 461.15 4.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.75 461.15 59.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.75 461.15 4.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.75 461.15 66.00 -39.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.75 406.15 318.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.75 406.15 62.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.75 406.15 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.75 406.15 59.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.75 406.15 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.75 406.15 66.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.75 688.15 m 428.75 688.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.75 688.15 m 432.75 688.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.75 688.15 m 491.75 688.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.75 688.15 m 495.75 688.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.75 688.15 m 561.75 688.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.75 638.15 m 428.75 638.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.75 688.15 m 491.75 688.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.75 638.15 m 491.75 638.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.75 688.15 m 561.75 688.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.75 638.15 m 561.75 638.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.75 638.15 m 428.75 638.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.75 638.15 m 491.75 638.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.75 638.15 m 561.75 638.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.75 406.15 m 428.75 406.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.75 406.15 m 491.75 406.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.75 406.15 m 428.75 406.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.75 391.15 m 428.75 391.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.75 389.15 m 428.75 389.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.75 406.15 m 491.75 406.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.75 391.15 m 491.75 391.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.75 389.15 m 491.75 389.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.75 406.15 m 561.75 406.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.75 391.15 m 561.75 391.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.75 389.15 m 561.75 389.15 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 51.25 693.05 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 417.95 693.05 Td (Incr) Tj ET Q q 0 0 0 rg BT 438.01 693.05 Td (ease\(Decr) Tj ET Q q 0 0 0 rg BT 486.36 693.05 Td (ease\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 51.25 643.05 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 373.10 654.05 Td (Operating) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 376.55 643.05 Td (r) Tj ET Q q 0 0 0 rg BT 381.23 643.05 Td (evenues) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 440.15 677.66 Td (Fueland) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 436.25 666.16 Td (pur) Tj ET Q q 0 0 0 rg BT 453.94 666.16 Td (chased) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 446.50 654.66 Td (power) Tj ET Q q 0 0 0 rg BT 476.95 654.66 Td ( ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 440.30 643.16 Td (expenses) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 500.90 643.16 Td (Netchange) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 417.90 627.05 Td (\(dollarsinmillions\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 611.18 Td (Lost fixed cost recovery) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 369.25 611.18 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 412.90 611.18 Td (17) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 435.25 611.18 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 475.90 611.18 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 498.25 611.18 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 545.90 611.18 Td (17) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 595.18 Td (Ef) Tj ET Q q 0 0 0 rg BT 62.00 595.18 Td (fects of weather) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 418.65 595.18 Td (6) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 481.65 595.18 Td (2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.65 595.18 Td (4) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 579.18 Td (T) Tj ET Q q 0 0 0 rg BT 58.07 579.18 Td (ransmission revenues \(Note 3\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 63.25 563.18 Td (Higher transmission revenues) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 412.90 563.18 Td (27) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 475.90 563.18 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 545.90 563.18 Td (27) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 63.25 547.18 Td (FERC disallowance) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.05 547.23 Td (\(12) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 424.40 547.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 475.90 547.18 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 542.05 547.23 Td (\(12) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.40 547.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 531.68 Td (Higher retail revenues due to changes in customer usage patterns) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 64.75 520.18 Td (and related pricing) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 412.90 520.18 Td (10) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 475.90 520.18 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 545.90 520.18 Td (10) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 504.68 Td (Changes in net fuel and purchased power costs, including of) Tj ET Q q 0 0 0 rg BT 328.36 504.68 Td (f-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 64.75 493.18 Td (system sales mar) Tj ET Q q 0 0 0 rg BT 142.58 493.18 Td (gins and related deferrals) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.05 493.23 Td (\(15) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 424.40 493.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 472.05 493.23 Td (\(17) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 487.40 493.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.65 493.18 Td (2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 477.68 Td (Palo ) Tj ET Q q 0 0 0 rg BT 74.47 477.68 Td (V) Tj ET Q q 0 0 0 rg BT 82.03 477.68 Td (erde system benefits char) Tj ET Q q 0 0 0 rg BT 197.84 477.68 Td (ge \(of) Tj ET Q q 0 0 0 rg BT 224.77 477.68 Td (fset in depreciation and) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 64.75 466.18 Td (amortization, see Note 3\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.05 466.23 Td (\(14) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 424.40 466.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 475.90 466.18 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 542.05 466.23 Td (\(14) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.40 466.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 450.18 Td (Lower demand side management regulatory surchar) Tj ET Q q 0 0 0 rg BT 290.22 450.18 Td (ges and) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 64.75 438.68 Td (renewable ener) Tj ET Q q 0 0 0 rg BT 134.45 438.68 Td (gy regulatory surchar) Tj ET Q q 0 0 0 rg BT 232.60 438.68 Td (ges and purchased power) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 64.75 427.18 Td (partially of) Tj ET Q q 0 0 0 rg BT 115.32 427.18 Td (fset in operations and maintenance costs) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.05 427.23 Td (\(16) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 424.40 427.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.80 427.23 Td (\(1) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 487.40 427.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 542.05 427.23 Td (\(15) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.40 427.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 411.18 Td (Miscellaneous items, net) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 414.80 411.23 Td (\(6) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 424.40 411.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.80 411.23 Td (\(3) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 487.40 411.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 547.80 411.23 Td (\(3) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.40 411.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 51.25 395.18 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 395.18 Td (otal) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 369.25 395.18 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 414.80 395.23 Td (\(3) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 424.40 395.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 435.25 395.18 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 472.05 395.23 Td (\(19) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 487.40 395.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 498.25 395.18 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 545.90 395.18 Td (16) Tj ET Q BT /F1 11.50 Tf ET BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 363.05 Td (Operations and maintenance) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 222.88 363.05 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 225.76 363.05 Td ( Operations and maintenance expenses increased $38 million for the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 349.25 Td (year ended December31, 2016 compared with the prior year primarily because of:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 321.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 321.65 Td (An increase of $16 million for transmission, distribution, and customer service costs primarily ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 307.85 Td (related to increased maintenance costs and implementation of new systems; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 280.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 280.25 Td (An increase of $9 million primarily for costs to support the company's positions on a solar net ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 266.45 Td (metering ballot initiative in ) Tj ET Q q 0 0 0 rg BT 253.76 266.45 Td (Arizona and increased political participation costs;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 238.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 238.85 Td (An increase of $8 million in fossil generation costs primarily related to $33 million in higher ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 225.05 Td (planned outage costs, partially of) Tj ET Q q 0 0 0 rg BT 278.13 225.05 Td (fset by $25 million of lower other fossil operating costs;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 197.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 197.45 Td (An increase of $7 million for costs related to legal, regulatory) Tj ET Q q 0 0 0 rg BT 409.16 197.45 Td (, information systems and other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 183.65 Td (corporate support; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 156.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 156.05 Td (An increase of $5 million for employee benefit costs primarily related to increased pension, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 142.25 Td (medical claims and other benefit costs; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 114.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 114.65 Td (An increase of $5 million related to higher nuclear generation costs;) Tj ET Q endstream endobj 141 0 obj <>] /Rotate 0 /Contents 142 0 R>> endobj 142 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 30.55 Td (66) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 741.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 741.05 Td (An of) Tj ET Q q 0 0 0 rg BT 152.30 741.05 Td (fsetting decrease of $13 million related to costs for demand-side management, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 727.25 Td (renewable ener) Tj ET Q q 0 0 0 rg BT 195.70 727.25 Td (gy and similar regulatory programs, which is partially of) Tj ET Q q 0 0 0 rg BT 455.79 727.25 Td (fset in operating ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 713.45 Td (revenues and purchased power; and) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 685.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 685.85 Td (An increase of $1 million related to miscellaneous other factors.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 658.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 142.89 658.25 Td (, stock compensation costs were flat compared to the prior year as a $12 million increase ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 644.45 Td (in costs was of) Tj ET Q q 0 0 0 rg BT 117.33 644.45 Td (fset by a one-time $12 million reduction for the adoption of new stock compensation guidance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 630.65 Td (\(See Note 15\);) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 603.05 Td (Depreciation and amortization.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 233.42 603.05 Td ( Depreciation and amortization expenses were $9 million lower for the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 589.25 Td (year ended December 31, 2016 compared with the prior year primarily related to:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 561.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 561.65 Td (A) Tj ET Q q 0 0 0 rg BT 133.67 561.65 Td ( decrease of $20 million related to the regulatory treatment of the Palo ) Tj ET Q q 0 0 0 rg BT 459.51 561.65 Td (V) Tj ET Q q 0 0 0 rg BT 466.54 561.65 Td (erde sale leaseback ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 547.85 Td (lease extension;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 520.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 520.25 Td (A) Tj ET Q q 0 0 0 rg BT 133.67 520.25 Td ( decrease of $14 million due to lower Palo ) Tj ET Q q 0 0 0 rg BT 331.15 520.25 Td (V) Tj ET Q q 0 0 0 rg BT 338.18 520.25 Td (erde decommissioning expense recovered ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 506.45 Td (through the system benefits char) Tj ET Q q 0 0 0 rg BT 275.26 506.45 Td (ge \(of) Tj ET Q q 0 0 0 rg BT 302.19 506.45 Td (fset in operating revenues\); and) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 478.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.00 478.85 Td (An increase of $25 million due to increased plant in service.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 451.25 Td (T) Tj ET Q q 0 0 0 rg BT 91.47 451.25 Td (axes other than income taxes.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 232.35 451.25 Td ( ) Tj ET Q q 0 0 0 rg BT 237.90 451.25 Td (T) Tj ET Q q 0 0 0 rg BT 244.12 451.25 Td (axes other than income taxes were $6 million lower for the year ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 437.45 Td (ended December 31, 2016 compared with the prior year primarily due to lower assessed values resulting from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 423.65 Td (a lower ) Tj ET Q q 0 0 0 rg BT 85.90 423.65 Td (Arizona statutory rate, partially of) Tj ET Q q 0 0 0 rg BT 242.49 423.65 Td (fset by higher property tax rates. ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 396.05 Td (All other income and expenses, net.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 253.86 396.05 Td ( ) Tj ET Q q 0 0 0 rg BT 258.97 396.05 Td (All other income and expenses, net, were $16 million higher for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 382.25 Td (the year ended December31, 2016 compared with the prior year primarily due to higher allowance for equity ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 368.45 Td (funds used during construction and the gain on sale of a transmission line.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 340.85 Td (Interest charges, net of allowance for borrowed funds used during construction) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 461.55 340.85 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 464.42 340.85 Td ( Interest char) Tj ET Q q 0 0 0 rg BT 527.11 340.85 Td (ges, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 327.05 Td (net of allowance for borrowed funds used during construction, increased $7 million for the year ended ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 313.25 Td (December 31, 2016 compared with the prior year) Tj ET Q q 0 0 0 rg BT 275.76 313.25 Td (, primarily because of higher debt balances in the current ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 299.45 Td (year) Tj ET Q q 0 0 0 rg BT 68.65 299.45 Td (.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 197.90 271.85 Td (LIQUIDITY) Tj ET Q q 0 0 0 rg BT 260.10 271.85 Td ( ) Tj ET Q q 0 0 0 rg BT 262.34 271.85 Td (AND CAPIT) Tj ET Q q 0 0 0 rg BT 325.06 271.85 Td (AL) Tj ET Q q 0 0 0 rg BT 340.40 271.85 Td ( RESOURCES) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 305.75 258.05 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (Overview) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 230.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 216.65 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 216.65 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 216.65 Td (est) Tj ET Q q 0 0 0 rg BT 153.67 216.65 Td (s primary cash needs are for dividends to our shareholders and principal and interest ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 202.85 Td (payments on our indebtedness. ) Tj ET Q q 0 0 0 rg BT 196.85 202.85 Td (The level of our common stock dividends and future dividend growth will be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 189.05 Td (dependent on declaration by our Board of Directors and based on a number of factors, including our financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 175.25 Td (condition, payout ratio, free cash flow and other factors.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 161.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 147.65 Td (Our primary sources of cash are dividends from ) Tj ET Q q 0 0 0 rg BT 307.77 147.65 Td (APS and external debt and equity issuances. ) Tj ET Q q 0 0 0 rg BT 516.33 147.65 Td (An ) Tj ET Q q 0 0 0 rg BT 532.63 147.65 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 133.85 Td (order requires ) Tj ET Q q 0 0 0 rg BT 115.92 133.85 Td (APS to maintain a common equity ratio of at least ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 349.08 133.85 Td (40%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 370.15 133.85 Td (. ) Tj ET Q q 0 0 0 rg BT 378.15 133.85 Td (As defined in the related ) Tj ET Q q 0 0 0 rg BT 493.43 133.85 Td (ACC order) Tj ET Q q 0 0 0 rg BT 543.75 133.85 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 120.05 Td (the common equity ratio is defined as total shareholder equity divided by the sum of total shareholder equity ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (and long-term debt, including current maturities of long-term debt. ) Tj ET Q q 0 0 0 rg BT 361.84 106.25 Td (At December 31, 2017, ) Tj ET Q q 0 0 0 rg BT 471.71 106.25 Td (APS) Tj ET Q q 0 0 0 rg BT 496.00 106.25 Td (s common ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 92.45 Td (equity ratio, as defined, was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 181.39 92.45 Td (53%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 202.47 92.45 Td (. Its total shareholder equity was approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 426.99 92.45 Td ($5.3 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 480.02 92.45 Td (, and total ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 78.65 Td (capitalization was approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 204.38 78.65 Td ($10.0 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 263.16 78.65 Td (. Under this order) Tj ET Q q 0 0 0 rg BT 346.69 78.65 Td (, ) Tj ET Q q 0 0 0 rg BT 351.81 78.65 Td (APS would be prohibited from paying ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 64.85 Td (dividends if such payment would reduce its total shareholder equity below approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 464.04 64.85 Td ($4.0 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 517.07 64.85 Td (, ) Tj ET Q endstream endobj 143 0 obj <>] /Rotate 0 /Contents 144 0 R>> endobj 144 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 30.55 Td (67) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 741.05 Td (assuming ) Tj ET Q q 0 0 0 rg BT 95.19 741.05 Td (APS) Tj ET Q q 0 0 0 rg BT 119.48 741.05 Td (s total capitalization remains the same. ) Tj ET Q q 0 0 0 rg BT 303.22 741.05 Td (This restriction does not materially af) Tj ET Q q 0 0 0 rg BT 475.78 741.05 Td (fect Pinnacle ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 727.25 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 727.25 Td (est) Tj ET Q q 0 0 0 rg BT 75.40 727.25 Td (s ability to meet its ongoing cash needs or ability to pay dividends to shareholders.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 713.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 699.65 Td (APS) Tj ET Q q 0 0 0 rg BT 109.79 699.65 Td (s capital requirements consist primarily of capital expenditures and maturities of long-term debt. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 685.85 Td (APS funds its capital requirements with cash from operations and, to the extent necessary) Tj ET Q q 0 0 0 rg BT 460.74 685.85 Td (, external debt ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 672.05 Td (financing and equity infusions from Pinnacle ) Tj ET Q q 0 0 0 rg BT 259.45 672.05 Td (W) Tj ET Q q 0 0 0 rg BT 269.38 672.05 Td (est.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 644.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 644.45 Td (On December 22, 2017, the ) Tj ET Q q 0 0 0 rg BT 215.27 644.45 Td (T) Tj ET Q q 0 0 0 rg BT 221.49 644.45 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 301.36 644.45 Td (Act of 2017 was enacted. ) Tj ET Q q 0 0 0 rg BT 423.03 644.45 Td (As a result of this legislation, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 630.65 Td (bonus depreciation is no longer available for regulated public utility company property acquired, or that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 616.85 Td (commenced construction, after September 27, 2017. ) Tj ET Q q 0 0 0 rg BT 292.32 616.85 Td (The final legislative language contains a transition rule for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 603.05 Td (property which was acquired, or under construction, prior to September 28, 2017 which would allow at least ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 589.25 Td (some part of ) Tj ET Q q 0 0 0 rg BT 109.23 589.25 Td (APS) Tj ET Q q 0 0 0 rg BT 133.52 589.25 Td (s capital projects under construction at that time to continue to qualify for bonus ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 575.45 Td (depreciation under pre-Act rules. However) Tj ET Q q 0 0 0 rg BT 246.05 575.45 Td (, because of current ambiguities regarding the scope of this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 561.65 Td (transition rule, it is unclear how much of ) Tj ET Q q 0 0 0 rg BT 238.90 561.65 Td (APS) Tj ET Q q 0 0 0 rg BT 263.19 561.65 Td (s capital projects which were under construction prior to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 547.85 Td (September 28, 2017, will qualify) Tj ET Q q 0 0 0 rg BT 200.15 547.85 Td (. ) Tj ET Q q 0 0 0 rg BT 205.69 547.85 Td (The Company currently believes the continued availability of bonus ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 534.05 Td (depreciation for property under construction prior to September 28, 2017 will generate at least $60-$75 million ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 520.25 Td (of cash tax benefits over the next two years. ) Tj ET Q q 0 0 0 rg BT 254.31 520.25 Td (These benefits may be higher if the current ambiguities in the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 506.45 Td (legislative language are clarified in a manner which allows additional expenditures incurred after September ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 492.65 Td (27, 2017, related to ongoing capital projects under construction as of that date, to qualify for bonus ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 478.85 Td (depreciation. ) Tj ET Q q 0 0 0 rg BT 114.75 478.85 Td (The cash generated by bonus depreciation is an acceleration of the tax benefits that ) Tj ET Q q 0 0 0 rg BT 498.58 478.85 Td (APS would ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 465.05 Td (have otherwise received over 20 years and reduces rate base for ratemaking purposes. ) Tj ET Q q 0 0 0 rg BT 446.09 465.05 Td (At Pinnacle ) Tj ET Q q 0 0 0 rg BT 502.73 465.05 Td (W) Tj ET Q q 0 0 0 rg BT 512.67 465.05 Td (est ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 451.25 Td (Consolidated, when coupled with a lower 21 percent corporate tax rate, the continued availability of bonus ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 437.45 Td (depreciation to this transition period property is expected to delay until 2019 full cash realization of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 423.65 Td (approximately $85 million of currently unrealized Investment ) Tj ET Q q 0 0 0 rg BT 336.40 423.65 Td (T) Tj ET Q q 0 0 0 rg BT 342.62 423.65 Td (ax Credits and other tax credits, which are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 409.85 Td (recorded as a deferred tax asset on the Condensed Consolidated Balance Sheet as of December 31, 2017.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 382.25 Td (Summary of Cash Flows) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 368.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 354.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 354.65 Td (The following tables present net cash provided by \(used for\) operating, investing and financing ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 340.85 Td (activities for the years ended December31, 2017, 2016 and 2015 \(dollars in millions\):) Tj ET Q BT /F1 11.50 Tf ET 0 0 0 RG /GS0 gs 0.56 w 0 i [] 0 d 1 J 1 j 3 M 49.5 311.717041015625 m 178.04248046875 311.717041015625 l s q 0 0 0 rg BT 49.50 313.25 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.77 313.25 Td (W) Tj ET Q q 0 0 0 rg BT 101.70 313.25 Td (est Consolidated) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 287.75 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 287.75 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 287.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 287.75 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 287.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 287.75 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 255.75 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 255.75 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 255.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 255.75 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 255.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 255.75 65.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 287.75 m 424 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 287.75 m 493 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 287.75 m 562 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 287.75 m 424 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 287.75 m 493 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 287.75 m 562 287.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 239.75 m 424 239.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 239.75 m 493 239.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 239.75 m 562 239.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 239.75 m 424 239.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 224.75 m 424 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 222.75 m 424 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 239.75 m 493 239.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 224.75 m 493 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 222.75 m 493 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 239.75 m 562 239.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 224.75 m 562 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 222.75 m 562 222.75 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 290.47 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 380.00 292.65 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 449.00 292.65 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 518.00 292.65 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 277.28 Td (Net cash flow provided by operating activities) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 361.50 276.78 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 393.75 276.78 Td (1,1) Tj ET Q q 0 0 0 rg BT 408.13 276.78 Td (18) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 276.78 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 462.75 276.78 Td (1,023) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 276.78 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 531.75 276.78 Td (1,094) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 261.28 Td (Net cash flow used for investing activities) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 389.90 260.78 Td (\(1,429) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 260.78 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 458.90 260.78 Td (\(1,252) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 260.78 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 527.90 260.78 Td (\(1,066) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 260.78 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 245.28 Td (Net cash flow provided by financing activities) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 402.40 244.78 Td (316) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.40 244.78 Td (198) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.90 244.78 Td (4) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 229.28 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 361.50 228.78 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 413.90 228.78 Td (5) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 228.78 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 473.30 228.83 Td (\(31) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 228.78 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 228.78 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 228.78 Td (32) Tj ET Q BT /F1 11.50 Tf ET BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 210.45 Td () Tj ET Q BT /F1 11.50 Tf ET 0 0 0 RG /GS0 gs 0.56 w 0 i [] 0 d 1 J 1 j 3 M 49.5 195.11704101562498 m 203.759765625 195.11704101562498 l s q 0 0 0 rg BT 49.50 196.65 Td (Arizona Public Service Company) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 174.15 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 174.15 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 174.15 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 174.15 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 174.15 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 174.15 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 142.15 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 142.15 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 142.15 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 142.15 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 142.15 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 142.15 65.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 174.14999999999998 m 424 174.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 174.14999999999998 m 493 174.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 174.14999999999998 m 562 174.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 174.14999999999998 m 424 174.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 174.14999999999998 m 493 174.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 174.14999999999998 m 562 174.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 126.14999999999998 m 424 126.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 126.14999999999998 m 493 126.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 126.14999999999998 m 562 126.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 126.14999999999998 m 424 126.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 111.14999999999998 m 424 111.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 109.14999999999998 m 424 109.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 126.14999999999998 m 493 126.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 111.14999999999998 m 493 111.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 109.14999999999998 m 493 109.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 126.14999999999998 m 562 126.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 111.14999999999998 m 562 111.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 109.14999999999998 m 562 109.14999999999998 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 176.87 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 380.00 176.25 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 449.00 176.25 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 518.00 176.25 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 163.68 Td (Net cash flow provided by operating activities) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 361.50 163.18 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 393.75 163.18 Td (1,162) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 163.18 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 462.75 163.18 Td (1,010) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 163.18 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 531.75 163.18 Td (1,100) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 147.68 Td (Net cash flow used for investing activities) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 389.90 147.18 Td (\(1,401) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.65 147.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 458.90 147.18 Td (\(1,219) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 147.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 527.90 147.18 Td (\(1,060) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 147.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 131.68 Td (Net cash flow provided by \(used for\) financing activities) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 402.40 131.18 Td (244) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.40 131.18 Td (196) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 542.30 131.23 Td (\(22) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 131.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 115.68 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 361.50 115.18 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 413.90 115.18 Td (5) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 115.18 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 473.30 115.23 Td (\(13) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 115.18 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 115.18 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 115.18 Td (18) Tj ET Q BT /F1 11.50 Tf ET endstream endobj 145 0 obj <>] /Rotate 0 /Contents 146 0 R>> endobj 146 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 30.55 Td (68) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 741.05 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 52.38 741.05 Td (Operating Cash Flows) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 727.25 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 713.45 Td (2017 Compared with 2016. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 218.40 713.45 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 260.67 713.45 Td (W) Tj ET Q q 0 0 0 rg BT 270.60 713.45 Td (est) Tj ET Q q 0 0 0 rg BT 286.57 713.45 Td (s consolidated net cash provided by operating activities was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 699.65 Td ($1,1) Tj ET Q q 0 0 0 rg BT 69.20 699.65 Td (18 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 116.80 699.65 Td ( in 2017 compared to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 217.40 699.65 Td ($1,023 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 285.13 699.65 Td ( in 2016. ) Tj ET Q q 0 0 0 rg BT 331.24 699.65 Td (The increase of $95 million in net cash provided ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 685.85 Td (is primarily due to lower payments of operations and maintenance, fuel and purchased power costs and higher ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 672.05 Td (cash receipts, partially of) Tj ET Q q 0 0 0 rg BT 164.89 672.05 Td (fset by no collateral posted in 2017 compared to $17 million returned in 2016. ) Tj ET Q q 0 0 0 rg BT 530.05 672.05 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 658.25 Td (dif) Tj ET Q q 0 0 0 rg BT 62.07 658.25 Td (ference between ) Tj ET Q q 0 0 0 rg BT 139.32 658.25 Td (APS and Pinnacle ) Tj ET Q q 0 0 0 rg BT 225.04 658.25 Td (W) Tj ET Q q 0 0 0 rg BT 234.98 658.25 Td (est's net cash provided by operating activities primarily relates to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 644.45 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.77 644.45 Td (W) Tj ET Q q 0 0 0 rg BT 101.70 644.45 Td (est's cash payments for 4CA's operating costs and dif) Tj ET Q q 0 0 0 rg BT 345.82 644.45 Td (ferences in other operating cash payments. ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 616.85 Td (2016 Compared with 2015. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 218.40 616.85 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 260.67 616.85 Td (W) Tj ET Q q 0 0 0 rg BT 270.60 616.85 Td (est) Tj ET Q q 0 0 0 rg BT 286.57 616.85 Td (s consolidated net cash provided by operating activities was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 603.05 Td ($1,023 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 117.23 603.05 Td ( in 2016 compared to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 217.83 603.05 Td ($1,094 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 285.56 603.05 Td ( in 2015. ) Tj ET Q q 0 0 0 rg BT 331.67 603.05 Td (The decrease of $71 million in net cash provided ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 589.25 Td (is primarily due to higher operations and maintenance costs.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 561.65 Td (Retirement plans and other postretirement benefits. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 331.81 561.65 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 374.08 561.65 Td (W) Tj ET Q q 0 0 0 rg BT 384.01 561.65 Td (est sponsors a qualified defined ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 547.85 Td (benefit pension plan and a non-qualified supplemental excess benefit retirement plan for the employees of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 534.05 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.77 534.05 Td (W) Tj ET Q q 0 0 0 rg BT 101.70 534.05 Td (est and our subsidiaries. ) Tj ET Q q 0 0 0 rg BT 217.75 534.05 Td (The requirements of the Employee Retirement Income Security ) Tj ET Q q 0 0 0 rg BT 512.19 534.05 Td (Act of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 520.25 Td (1974 \("ERISA"\) require us to contribute a minimum amount to the qualified plan. ) Tj ET Q q 0 0 0 rg BT 432.05 520.25 Td (W) Tj ET Q q 0 0 0 rg BT 441.98 520.25 Td (e contribute at least the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 506.45 Td (minimum amount required under ERISA) Tj ET Q q 0 0 0 rg BT 237.31 506.45 Td ( regulations, but no more than the maximum tax-deductible amount. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 492.65 Td (The minimum required funding takes into consideration the value of plan assets and our pension benefit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 478.85 Td (obligations. Under ERISA, the qualified pension plan was 1) Tj ET Q q 0 0 0 rg BT 327.91 478.85 Td (16% funded as of January1, 2018 and 1) Tj ET Q q 0 0 0 rg BT 512.40 478.85 Td (15% as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 465.05 Td (January 1, 2017. Under accounting principles generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 458.27 465.05 Td (America \("GAAP"\), ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 451.25 Td (the qualified pension plan was 95% funded as of January 1, 2018 and 88% funded as of January1, 2017. See ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 437.45 Td (Note 7 for additional details. ) Tj ET Q q 0 0 0 rg BT 186.94 437.45 Td (The assets in the plan are comprised of fixed-income, equity) Tj ET Q q 0 0 0 rg BT 464.03 437.45 Td (, real estate, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 423.65 Td (short-term investments. Future year contribution amounts are dependent on plan asset performance and plan ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 409.85 Td (actuarial assumptions. ) Tj ET Q q 0 0 0 rg BT 157.24 409.85 Td (W) Tj ET Q q 0 0 0 rg BT 167.18 409.85 Td (e made contributions to our pension plan totaling ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 395.86 409.85 Td ($100 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 454.96 409.85 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 469.66 409.85 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 492.66 409.85 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 498.41 409.85 Td ($100 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.51 409.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 396.05 Td (in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 61.32 396.05 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 84.32 396.05 Td (, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 109.55 396.05 Td ($100 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 168.65 396.05 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 183.35 396.05 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 206.35 396.05 Td (. ) Tj ET Q q 0 0 0 rg BT 214.76 396.05 Td (The minimum required contributions for the pension plan are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.32 396.05 Td (zero) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 519.11 396.05 Td ( for the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 382.25 Td (next three years. ) Tj ET Q q 0 0 0 rg BT 130.72 382.25 Td (W) Tj ET Q q 0 0 0 rg BT 140.65 382.25 Td (e expect to make voluntary contributions up to a total of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 401.57 382.25 Td ($250 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 460.67 382.25 Td ( during the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 368.45 Td (2018-2020 period. ) Tj ET Q q 0 0 0 rg BT 140.00 368.45 Td (W) Tj ET Q q 0 0 0 rg BT 150.40 368.45 Td (ith regard to contributions to our other postretirement benefit plans, we made a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 354.65 Td (contribution of approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 190.34 354.65 Td ($1 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 237.95 354.65 Td ( in each of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 289.03 354.65 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 312.03 354.65 Td (, 2016 and 2015. ) Tj ET Q q 0 0 0 rg BT 394.56 354.65 Td (W) Tj ET Q q 0 0 0 rg BT 404.49 354.65 Td (e do not expect to make any ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 340.85 Td (contributions over the next three years to our other postretirement benefit plans. ) Tj ET Q q 0 0 0 rg BT 421.87 340.85 Td (APS funds its share of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 327.05 Td (contributions. ) Tj ET Q q 0 0 0 rg BT 118.18 327.05 Td (APS) Tj ET Q q 0 0 0 rg BT 142.47 327.05 Td (s share of the pension plan contribution was approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 416.82 327.05 Td ($100 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 475.92 327.05 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 490.62 327.05 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 513.62 327.05 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 519.37 327.05 Td ($100 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 313.25 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 313.25 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 97.42 313.25 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 120.42 313.25 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 142.78 313.25 Td ($100 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 201.88 313.25 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 216.57 313.25 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 239.57 313.25 Td (. ) Tj ET Q q 0 0 0 rg BT 247.56 313.25 Td (APS) Tj ET Q q 0 0 0 rg BT 271.86 313.25 Td (s share of the contributions to the other postretirement benefit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 299.45 Td (plan was approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 162.23 299.45 Td ($1 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 209.84 299.45 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 224.53 299.45 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 247.53 299.45 Td (, 2016 and 2015. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 271.85 Td (Due to plan changes in September 2014, the Company is currently in the process of seeking Internal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 258.05 Td (Revenue Service \("IRS"\) approval to move approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 320.44 258.05 Td ($186 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 379.54 258.05 Td ( of other postretirement benefit trust ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (assets into a new trust account to pay for active union employee medical costs. In December 2016, FERC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 230.45 Td (approved a methodology for determining the amount of other postretirement benefit trust assets to transfer into ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 216.65 Td (a new trust account to pay for active union employee medical costs. On January 2, 2018, these funds were ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 202.85 Td (moved to the new trust account. ) Tj ET Q q 0 0 0 rg BT 201.95 202.85 Td (The Company negotiated a draft Closing ) Tj ET Q q 0 0 0 rg BT 391.67 202.85 Td (Agreement granting tentative ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 189.05 Td (approval from the IRS prior to the transfer) Tj ET Q q 0 0 0 rg BT 243.99 189.05 Td (. Subsequent to the transfer) Tj ET Q q 0 0 0 rg BT 371.92 189.05 Td (, the Company submitted proof of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 175.25 Td (transfer to the IRS and expects to execute a final Closing ) Tj ET Q q 0 0 0 rg BT 313.61 175.25 Td (Agreement early in 2018. Per the terms of an order ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 161.45 Td (from FERC, the Company must also make an informational filing with FERC. ) Tj ET Q q 0 0 0 rg BT 412.80 161.45 Td (The Company made this FERC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 147.65 Td (filing during February 2018. It is the Company) Tj ET Q q 0 0 0 rg BT 268.62 147.65 Td (s understanding that completion of these regulatory ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 133.85 Td (requirements will then permit access to the approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 319.03 133.85 Td ($186 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 378.14 133.85 Td ( for the sole purpose of paying active ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 120.05 Td (union employee medical benefits.) Tj ET Q endstream endobj 147 0 obj <>] /Rotate 0 /Contents 148 0 R>> endobj 148 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 30.55 Td (69) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 741.25 Td (Investing Cash Flows) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 713.65 Td (2017 Compared with 2016. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 218.40 713.65 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 260.67 713.65 Td (W) Tj ET Q q 0 0 0 rg BT 270.60 713.65 Td (est) Tj ET Q q 0 0 0 rg BT 286.57 713.65 Td (s consolidated net cash used for investing activities was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 699.85 Td ($\(1,429\) million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 124.89 699.85 Td ( in 2017, compared to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 228.36 699.85 Td ($\(1,252\) million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.75 699.85 Td ( in 2016. ) Tj ET Q q 0 0 0 rg BT 349.86 699.85 Td (The increase of $177 million in net cash used ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 686.05 Td (primarily related to increased capital expenditures.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 658.45 Td (2016 Compared with 2015. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 218.40 658.45 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 260.67 658.45 Td (W) Tj ET Q q 0 0 0 rg BT 270.60 658.45 Td (est) Tj ET Q q 0 0 0 rg BT 286.57 658.45 Td (s consolidated net cash used for investing activities was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 644.65 Td ($\(1,252\) million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 124.89 644.65 Td ( in 2016, compared to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 228.36 644.65 Td ($\(1,066\) million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.75 644.65 Td ( in 2015. ) Tj ET Q q 0 0 0 rg BT 349.86 644.65 Td (The increase of $186 million in net cash used ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 630.85 Td (primarily related to increased capital expenditures.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 603.25 Td (Capital Expenditures.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 189.02 603.25 Td ( ) Tj ET Q q 0 0 0 rg BT 194.56 603.25 Td (The following table summarizes the estimated capital expenditures for the next ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 589.45 Td (three years:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 575.65 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 253.25 561.85 Td (Capital Expenditur) Tj ET Q q 0 0 0 rg BT 348.58 561.85 Td (es) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 260.05 548.05 Td (\(dollars in millions\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 496.55 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 496.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 496.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 496.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 496.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 496.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 464.55 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 464.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 464.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 464.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 464.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 464.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 432.55 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 432.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 432.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 432.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 432.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 432.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 400.55 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 400.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 400.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 400.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 400.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 400.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 368.55 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 368.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 368.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 368.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 368.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 368.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 336.55 309.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 336.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 336.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 336.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 336.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 336.55 65.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 511.55 m 424 511.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 511.55 m 428 511.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 511.55 m 493 511.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 511.55 m 497 511.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 511.55 m 562 511.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 511.55 m 424 511.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 496.55 m 424 496.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 511.55 m 428 511.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 511.55 m 493 511.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 496.55 m 493 496.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 511.55 m 497 511.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 511.55 m 562 511.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 496.55 m 562 496.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 336.55 m 424 336.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 336.55 m 493 336.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 336.55 m 562 336.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 336.55 m 424 336.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 321.55 m 424 321.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 319.55 m 424 319.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 336.55 m 493 336.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 321.55 m 493 321.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 319.55 m 493 319.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 336.55 m 562 336.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 321.55 m 562 321.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 319.55 m 562 319.55 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.50 516.45 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 390.40 527.45 Td (Estimatedfor) Tj ET Q q 0 0 0 rg BT 454.66 527.45 Td (the) Tj ET Q q 0 0 0 rg BT 474.41 527.45 Td (Y) Tj ET Q q 0 0 0 rg BT 481.14 527.45 Td (ear) Tj ET Q q 0 0 0 rg BT 496.21 527.45 Td (Ended) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 428.00 516.45 Td (December) Tj ET Q q 0 0 0 rg BT 475.44 516.45 Td (31,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.50 501.45 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 380.00 501.45 Td (2018) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 449.00 501.45 Td (2019) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 518.00 501.45 Td (2020) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 485.58 Td (APS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 420.50 485.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 489.50 485.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.50 485.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 469.58 Td (Generation:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 420.50 469.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 489.50 469.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.50 469.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 70.50 453.58 Td (Nuclear Fuel) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 361.50 453.58 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 408.15 453.58 Td (72) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 453.58 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.15 453.58 Td (64) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 453.58 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 453.58 Td (64) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 70.50 437.58 Td (Renewables) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 408.15 437.58 Td (16) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.15 437.58 Td (24) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 437.58 Td (17) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 70.50 421.47 Td (Environmental) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 408.15 421.58 Td (91) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.15 421.58 Td (22) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 421.58 Td (46) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 70.50 405.58 Td (New Gas Generation) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 402.40 405.58 Td (120) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 482.90 405.58 Td (9) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 405.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 70.50 389.58 Td (Other Generation) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 402.40 389.58 Td (210) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.40 389.58 Td (177) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 540.40 389.58 Td (134) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 373.58 Td (Distribution) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 402.40 373.58 Td (444) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.40 373.58 Td (541) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 540.40 373.58 Td (617) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 357.58 Td (T) Tj ET Q q 0 0 0 rg BT 65.32 357.58 Td (ransmission) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 402.40 357.58 Td (148) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.40 357.58 Td (215) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 540.40 357.58 Td (180) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 341.58 Td (Other \(a\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 408.15 341.58 Td (80) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.40 341.58 Td (101) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 540.40 341.58 Td (153) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 70.50 325.58 Td (T) Tj ET Q q 0 0 0 rg BT 76.72 325.58 Td (otal ) Tj ET Q q 0 0 0 rg BT 96.21 325.58 Td (APS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 361.50 325.58 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 393.75 325.58 Td (1,181) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 325.58 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 462.75 325.58 Td (1,153) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 325.58 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 531.75 325.58 Td (1,21) Tj ET Q q 0 0 0 rg BT 551.88 325.58 Td (1) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 301.25 Td (\(a\)) Tj ET Q BT /F1 3.00 Tf ET q 0 0 0 rg BT 101.14 301.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 301.25 Td (Primarily information systems and facilities projects.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 287.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 273.65 Td (Generation capital expenditures are comprised of various improvements to ) Tj ET Q q 0 0 0 rg BT 431.36 273.65 Td (APS) Tj ET Q q 0 0 0 rg BT 455.65 273.65 Td (s existing fossil, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 259.85 Td (renewable and nuclear plants. Examples of the types of projects included in this category are additions, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 246.05 Td (upgrades and capital replacements of various power plant equipment, such as turbines, boilers and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 232.25 Td (environmental equipment. ) Tj ET Q q 0 0 0 rg BT 175.76 232.25 Td (W) Tj ET Q q 0 0 0 rg BT 185.70 232.25 Td (e are monitoring the status of environmental matters, which, depending on their ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 218.45 Td (final outcome, could require modification to our planned environmental expenditures. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 190.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 190.85 Td (On February 17, 2015, ) Tj ET Q q 0 0 0 rg BT 192.19 190.85 Td (APS and El Paso entered into an asset purchase agreement providing for the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 177.05 Td (purchase by ) Tj ET Q q 0 0 0 rg BT 106.98 177.05 Td (APS, or an af) Tj ET Q q 0 0 0 rg BT 168.74 177.05 Td (filiate of ) Tj ET Q q 0 0 0 rg BT 210.26 177.05 Td (APS, of El Paso) Tj ET Q q 0 0 0 rg BT 287.58 177.05 Td (s 7% interest in each of Units 4 and 5 of Four Corners. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 163.25 Td (4CA) Tj ET Q q 0 0 0 rg BT 70.59 163.25 Td ( purchased the El Paso interest on July 6, 2016. NTEC had the option to purchase the 7% interest within a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 149.45 Td (certain timeframe pursuant to an option granted to NTEC. On December 29, 2015, NTEC provided notice of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 135.65 Td (its intent to exercise the option. ) Tj ET Q q 0 0 0 rg BT 202.28 135.65 Td (The purchase did not occur during the originally contemplated timeframe. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 121.85 Td (The parties are currently in discussions as to the future of the option transaction. ) Tj ET Q q 0 0 0 rg BT 424.23 121.85 Td (The table above does not ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 108.05 Td (include capital expenditures related to 4CA's interest in Four Corners Units 4 and 5 of approximately $15 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (million in 2018, $7 million in 2019 and $6 million in 2020, which will be assumed by the ultimate owner of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 80.45 Td (the 7% interest.) Tj ET Q endstream endobj 149 0 obj <>] /Rotate 0 /Contents 150 0 R>> endobj 150 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 30.55 Td (70) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 741.05 Td (Distribution and transmission capital expenditures are comprised of infrastructure additions and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 727.25 Td (upgrades, capital replacements, and new customer construction. Examples of the types of projects included in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 713.45 Td (the forecast include power lines, substations, and line extensions to new residential and commercial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 699.65 Td (developments.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 672.05 Td (Capital expenditures will be funded with internally generated cash and external financings, which may ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 658.25 Td (include issuances of long-term debt and Pinnacle ) Tj ET Q q 0 0 0 rg BT 277.64 658.25 Td (W) Tj ET Q q 0 0 0 rg BT 287.57 658.25 Td (est common stock. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 644.45 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 630.65 Td (Financing Cash Flows and Liquidity) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 616.85 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 603.05 Td (2017 Compared with 2016. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 215.53 603.05 Td ( Pinnacle ) Tj ET Q q 0 0 0 rg BT 260.67 603.05 Td (W) Tj ET Q q 0 0 0 rg BT 270.60 603.05 Td (est) Tj ET Q q 0 0 0 rg BT 286.57 603.05 Td (s consolidated net cash provided by financing activities was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 589.25 Td ($316 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 108.60 589.25 Td ( in 2017, compared to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 212.08 589.25 Td ($198 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 271.18 589.25 Td ( in 2016, an increase of $1) Tj ET Q q 0 0 0 rg BT 392.43 589.25 Td (18 million in net cash provided. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 575.45 Td (The net cash provided by financing activities includes $245 million in lower long-term debt repayments and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 561.65 Td ($155 million higher issuances of long-term debt through December 31, 2017, partially of) Tj ET Q q 0 0 0 rg BT 458.74 561.65 Td (fset by a $259 million ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 547.85 Td (net decrease in short-term borrowings and $16 million of higher dividend payments. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 520.25 Td (APS) Tj ET Q q 0 0 0 rg BT 109.79 520.25 Td (s consolidated net cash provided by financing activities was $244 million in 2017, compared to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 506.45 Td ($196 million in 2016, an increase of $48 million in net cash provided. ) Tj ET Q q 0 0 0 rg BT 376.35 506.45 Td (The net cash provided by financing ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 492.65 Td (activities includes $370 million in lower long-term debt repayments and $108 million in higher equity ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 478.85 Td (infusions from Pinnacle ) Tj ET Q q 0 0 0 rg BT 162.04 478.85 Td (W) Tj ET Q q 0 0 0 rg BT 171.98 478.85 Td (est, partially of) Tj ET Q q 0 0 0 rg BT 241.07 478.85 Td (fset by $143 million lower issuances of long-term debt through ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 465.05 Td (December 31, 2017, $271 million net decrease in short-term borrowings and $16 million of higher dividend ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 451.25 Td (payments. ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 423.65 Td (2016 Compared with 2015. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 215.53 423.65 Td ( Pinnacle ) Tj ET Q q 0 0 0 rg BT 260.67 423.65 Td (W) Tj ET Q q 0 0 0 rg BT 270.60 423.65 Td (est) Tj ET Q q 0 0 0 rg BT 286.57 423.65 Td (s consolidated net cash provided by financing activities was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 409.85 Td ($198 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 108.60 409.85 Td ( in 2016, compared to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 212.08 409.85 Td ($4 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 259.68 409.85 Td ( in 2015, an increase of $194 million in net cash provided. ) Tj ET Q q 0 0 0 rg BT 533.18 409.85 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 396.05 Td (increase in net cash provided by financing activities is primarily due to a $325 million net increase in short-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 382.25 Td (term borrowings and $45 million in lower long-term debt repayments partially of) Tj ET Q q 0 0 0 rg BT 422.65 382.25 Td (fset by $149 million lower ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 368.45 Td (issuances of long-term debt through December 31, 2016.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 340.85 Td (Significant Financing ) Tj ET Q q 0 0 0 rg BT 193.08 340.85 Td (Activities.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 239.39 340.85 Td ( On December 20, 2017, the Pinnacle ) Tj ET Q q 0 0 0 rg BT 420.26 340.85 Td (W) Tj ET Q q 0 0 0 rg BT 430.20 340.85 Td (est Board of Directors ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 327.05 Td (declared a dividend of $0.695 per share of common stock, payable on March 1, 2018 to shareholders of record ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 313.25 Td (on February 1, 2018. During 2017, Pinnacle ) Tj ET Q q 0 0 0 rg BT 257.86 313.25 Td (W) Tj ET Q q 0 0 0 rg BT 267.80 313.25 Td (est increased its indicated annual dividend from $2.62 per share ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 299.45 Td (to $2.78 per share. For the year ended December 31, 2017, Pinnacle ) Tj ET Q q 0 0 0 rg BT 367.68 299.45 Td (W) Tj ET Q q 0 0 0 rg BT 377.62 299.45 Td (est's total dividends paid per share of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 285.65 Td (common stock were $2.66 per share, which resulted in dividend payments of $290 million. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 258.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 258.05 Td (On November 30, 2017, Pinnacle ) Tj ET Q q 0 0 0 rg BT 242.11 258.05 Td (W) Tj ET Q q 0 0 0 rg BT 252.05 258.05 Td (est issued ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 299.32 258.05 Td ($300 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 358.42 258.05 Td ( of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 373.75 258.05 Td (2.25%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.46 258.05 Td ( unsecured senior notes that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (mature on November 30, 2020. ) Tj ET Q q 0 0 0 rg BT 198.76 244.25 Td (The net proceeds from the sale were used to repay our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 450.71 244.25 Td ($125 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 509.81 244.25 Td ( term loan ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 230.45 Td (and for general corporate purposes.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 202.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 202.85 Td (On March 21, 2017, ) Tj ET Q q 0 0 0 rg BT 180.69 202.85 Td (APS issued an additional ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 298.88 202.85 Td ($250 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 357.98 202.85 Td ( par amount of its outstanding ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 498.52 202.85 Td (4.35%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 528.23 202.85 Td ( senior ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 189.05 Td (unsecured notes that mature on November 15, 2045. ) Tj ET Q q 0 0 0 rg BT 295.52 189.05 Td (The net proceeds from the sale were used to refinance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 175.25 Td (commercial paper borrowings and to replenish cash temporarily used to fund capital expenditures.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 147.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 147.65 Td (On September 1) Tj ET Q q 0 0 0 rg BT 159.81 147.65 Td (1, 2017, ) Tj ET Q q 0 0 0 rg BT 199.42 147.65 Td (APS issued ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 255.02 147.65 Td ($300 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 314.12 147.65 Td ( of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 329.45 147.65 Td (2.95%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 359.16 147.65 Td ( senior unsecured notes that mature on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 133.85 Td (September 15, 2027. ) Tj ET Q q 0 0 0 rg BT 147.35 133.85 Td (The net proceeds from the sale were used to refinance commercial paper and other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 120.05 Td (indebtedness and to replenish cash used to fund capital expenditures.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 93.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 93.05 Td (On November 30, 2017, PNW) Tj ET Q q 0 0 0 rg BT 225.19 93.05 Td ( contributed $150 million to ) Tj ET Q q 0 0 0 rg BT 356.48 93.05 Td (APS in the form of an equity infusion. ) Tj ET Q q 0 0 0 rg BT 537.92 93.05 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 79.25 Td (used this contribution to repay short-term indebtedness, to finance capital expenditures and for other general ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 65.45 Td (corporate purposes.) Tj ET Q endstream endobj 151 0 obj <>] /Rotate 0 /Contents 152 0 R>> endobj 152 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 30.55 Td (71) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 741.25 Td (A) Tj ET Q q 0 0 0 rg BT 92.32 741.25 Td (vailable Credit Facilities) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 208.58 741.25 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 214.33 741.25 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 256.60 741.25 Td (W) Tj ET Q q 0 0 0 rg BT 266.54 741.25 Td (est and ) Tj ET Q q 0 0 0 rg BT 301.03 741.25 Td (APS maintain committed revolving credit facilities in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 727.45 Td (order to enhance liquidity and provide credit support for their commercial paper programs.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 713.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 699.85 Td (At ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.88 699.85 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 190.25 699.85 Td (, Pinnacle ) Tj ET Q q 0 0 0 rg BT 238.27 699.85 Td (W) Tj ET Q q 0 0 0 rg BT 248.20 699.85 Td (est had a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 291.31 699.85 Td ($200 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 350.41 699.85 Td ( facility that matures in May 2021. Pinnacle ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 686.05 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 686.05 Td (est has the option to increase the amount of the facility up to a maximum of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 410.10 686.05 Td ($300 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 469.20 686.05 Td ( upon the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 672.25 Td (satisfaction of certain conditions and with the consent of the lenders. ) Tj ET Q q 0 0 0 rg BT 370.46 672.25 Td (At ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 384.84 672.25 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 475.21 672.25 Td (, Pinnacle ) Tj ET Q q 0 0 0 rg BT 523.23 672.25 Td (W) Tj ET Q q 0 0 0 rg BT 533.16 672.25 Td (est ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 658.45 Td (had ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 68.98 658.45 Td (no) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 80.48 658.45 Td ( outstanding borrowings under its credit facility) Tj ET Q q 0 0 0 rg BT 298.83 658.45 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 304.58 658.45 Td (no) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 316.08 658.45 Td ( letters of credit outstanding and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 467.46 658.45 Td ($29.4 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 529.44 658.45 Td ( of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 644.65 Td (commercial paper borrowings.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 617.05 Td (On July 31, 2017, Pinnacle ) Tj ET Q q 0 0 0 rg BT 212.74 617.05 Td (W) Tj ET Q q 0 0 0 rg BT 222.68 617.05 Td (est amended its 364-day unsecured revolving credit facility to increase its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 603.25 Td (capacity from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 115.91 603.25 Td ($75 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 169.26 603.25 Td ( to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 183.96 603.25 Td ($125 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 243.06 603.25 Td (, and to extend the termination date of the facility from ) Tj ET Q q 0 0 0 rg BT 497.90 603.25 Td (August ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 589.45 Td (30,2017 to July 30, 2018. Borrowings under the facility bear interest at LIBOR plus 0.80% per annum. ) Tj ET Q q 0 0 0 rg BT 533.39 589.45 Td (At ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 575.65 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 139.87 575.65 Td (, Pinnacle ) Tj ET Q q 0 0 0 rg BT 187.89 575.65 Td (W) Tj ET Q q 0 0 0 rg BT 197.82 575.65 Td (est had ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 232.95 575.65 Td ($66 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 286.31 575.65 Td ( outstanding under the facility) Tj ET Q q 0 0 0 rg BT 423.53 575.65 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 561.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 548.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 548.05 Td (On June 29, 2017, ) Tj ET Q q 0 0 0 rg BT 171.75 548.05 Td (APS replaced its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 251.28 548.05 Td ($500 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 310.38 548.05 Td ( revolving credit facility that would have matured in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 534.25 Td (September 2020, with a new ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 183.64 534.25 Td ($500 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 242.74 534.25 Td ( facility that matures in June 2022.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 506.65 Td (At ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.88 506.65 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 190.25 506.65 Td (, ) Tj ET Q q 0 0 0 rg BT 195.36 506.65 Td (APS had ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 238.82 506.65 Td (two) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 256.07 506.65 Td ( revolving credit facilities totaling ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 415.43 506.65 Td ($1 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 459.83 506.65 Td (, including a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 519.88 506.65 Td ($500 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 492.85 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 492.85 Td ( credit facility that matures in May 2021 and the above-mentioned ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 390.26 492.85 Td ($500 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 449.37 492.85 Td ( facility) Tj ET Q q 0 0 0 rg BT 484.06 492.85 Td (. ) Tj ET Q q 0 0 0 rg BT 489.18 492.85 Td (APS may ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 479.05 Td (increase the amount of each facility up to a maximum of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 312.32 479.05 Td ($700 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 371.42 479.05 Td (, for a total of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 437.20 479.05 Td ($1.4 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 490.23 479.05 Td (, upon the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 465.25 Td (satisfaction of certain conditions and with the consent of the lenders. Interest rates are based on ) Tj ET Q q 0 0 0 rg BT 492.76 465.25 Td (APS) Tj ET Q q 0 0 0 rg BT 517.05 465.25 Td (s senior ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 451.45 Td (unsecured debt credit ratings. ) Tj ET Q q 0 0 0 rg BT 190.44 451.45 Td (These facilities are available to support ) Tj ET Q q 0 0 0 rg BT 373.10 451.45 Td (APS) Tj ET Q q 0 0 0 rg BT 397.39 451.45 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 404.74 451.45 Td ($500 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.84 451.45 Td ( commercial paper ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 437.65 Td (program, for bank borrowings or for issuances of letters of credit. ) Tj ET Q q 0 0 0 rg BT 356.09 437.65 Td (At ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 370.46 437.65 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 460.83 437.65 Td (, ) Tj ET Q q 0 0 0 rg BT 465.95 437.65 Td (APS had ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 509.40 437.65 Td (no) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 520.90 437.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 423.85 Td (commercial paper outstanding and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 211.09 423.85 Td (no) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 222.59 423.85 Td ( outstanding borrowings or letters of credit under its revolving credit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 410.05 Td (facilities. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 382.45 Td (See "Financial ) Tj ET Q q 0 0 0 rg BT 157.59 382.45 Td (Assurances" in Note 10 for a discussion of ) Tj ET Q q 0 0 0 rg BT 355.84 382.45 Td (APS) Tj ET Q q 0 0 0 rg BT 380.13 382.45 Td (s separate outstanding letters of credit.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 362.65 Td (Other Financing Matters.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 207.88 362.65 Td ( See Note 16 for information related to the change in our mar) Tj ET Q q 0 0 0 rg BT 492.21 362.65 Td (gin and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.85 Td (collateral accounts.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 335.05 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 321.25 Td (Debt Pr) Tj ET Q q 0 0 0 rg BT 87.93 321.25 Td (ovisions) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 293.65 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 293.65 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 293.65 Td (est) Tj ET Q q 0 0 0 rg BT 153.67 293.65 Td (s and ) Tj ET Q q 0 0 0 rg BT 179.87 293.65 Td (APS) Tj ET Q q 0 0 0 rg BT 204.16 293.65 Td (s debt covenants related to their respective bank financing arrangements ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.85 Td (include maximum debt to capitalization ratios. Pinnacle ) Tj ET Q q 0 0 0 rg BT 311.49 279.85 Td (W) Tj ET Q q 0 0 0 rg BT 321.43 279.85 Td (est and ) Tj ET Q q 0 0 0 rg BT 355.92 279.85 Td (APS comply with this covenant. For both ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 266.05 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.77 266.05 Td (W) Tj ET Q q 0 0 0 rg BT 101.70 266.05 Td (est and ) Tj ET Q q 0 0 0 rg BT 136.20 266.05 Td (APS, this covenant requires that the ratio of consolidated debt to total consolidated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 252.25 Td (capitalization not exceed 65%. ) Tj ET Q q 0 0 0 rg BT 195.75 252.25 Td (At December 31, 2017, the ratio was approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 437.19 252.25 Td (50%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 458.27 252.25 Td ( for Pinnacle ) Tj ET Q q 0 0 0 rg BT 519.69 252.25 Td (W) Tj ET Q q 0 0 0 rg BT 529.63 252.25 Td (est and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.45 Td (47%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 70.58 238.45 Td ( for ) Tj ET Q q 0 0 0 rg BT 89.10 238.45 Td (APS. Failure to comply with such covenant levels would result in an event of default which, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.65 Td (generally speaking, would require the immediate repayment of the debt subject to the covenants and could ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.85 Td ("cross-default" other debt. See further discussion of "cross-default" provisions below) Tj ET Q q 0 0 0 rg BT 442.79 210.85 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 197.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 183.25 Td (Neither Pinnacle ) Tj ET Q q 0 0 0 rg BT 165.13 183.25 Td (W) Tj ET Q q 0 0 0 rg BT 175.06 183.25 Td (est) Tj ET Q q 0 0 0 rg BT 191.03 183.25 Td (s nor ) Tj ET Q q 0 0 0 rg BT 215.95 183.25 Td (APS) Tj ET Q q 0 0 0 rg BT 240.24 183.25 Td (s financing agreements contain "rating triggers" that would result in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.45 Td (an acceleration of the required interest and principal payments in the event of a rating downgrade. However) Tj ET Q q 0 0 0 rg BT 547.18 169.45 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.65 Td (our bank credit agreements contain a pricing grid in which the interest rates we pay for borrowings thereunder ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.85 Td (are determined by our current credit ratings.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 128.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 114.25 Td (All of Pinnacle ) Tj ET Q q 0 0 0 rg BT 157.79 114.25 Td (W) Tj ET Q q 0 0 0 rg BT 167.73 114.25 Td (est) Tj ET Q q 0 0 0 rg BT 183.70 114.25 Td (s loan agreements contain "cross-default" provisions that would result in defaults ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.45 Td (and the potential acceleration of payment under these loan agreements if Pinnacle ) Tj ET Q q 0 0 0 rg BT 428.01 100.45 Td (W) Tj ET Q q 0 0 0 rg BT 437.94 100.45 Td (est or ) Tj ET Q q 0 0 0 rg BT 465.42 100.45 Td (APS were to default ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.65 Td (under certain other material agreements. ) Tj ET Q q 0 0 0 rg BT 240.13 86.65 Td (All of ) Tj ET Q q 0 0 0 rg BT 269.52 86.65 Td (APS) Tj ET Q q 0 0 0 rg BT 293.81 86.65 Td (s bank agreements contain "cross-default" provisions that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.85 Td (would result in defaults and the potential acceleration of payment under these bank agreements if ) Tj ET Q q 0 0 0 rg BT 498.81 72.85 Td (APS were to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 59.05 Td (default under certain other material agreements. Pinnacle ) Tj ET Q q 0 0 0 rg BT 317.83 59.05 Td (W) Tj ET Q q 0 0 0 rg BT 327.77 59.05 Td (est and ) Tj ET Q q 0 0 0 rg BT 362.26 59.05 Td (APS do not have a material adverse change ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 45.25 Td (restriction for credit facility borrowings.) Tj ET Q endstream endobj 153 0 obj <>] /Rotate 0 /Contents 154 0 R>> endobj 154 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 30.55 Td (72) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 727.25 Td (See Note 6 for further discussions of liquidity matters.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 713.45 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 699.65 Td (Cr) Tj ET Q q 0 0 0 rg BT 62.70 699.65 Td (edit Ratings) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 672.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 672.05 Td (The ratings of securities of Pinnacle ) Tj ET Q q 0 0 0 rg BT 253.91 672.05 Td (W) Tj ET Q q 0 0 0 rg BT 263.85 672.05 Td (est and ) Tj ET Q q 0 0 0 rg BT 298.34 672.05 Td (APS as of February 16, 2018 are shown below) Tj ET Q q 0 0 0 rg BT 511.91 672.05 Td (. ) Tj ET Q q 0 0 0 rg BT 520.33 672.05 Td (W) Tj ET Q q 0 0 0 rg BT 530.27 672.05 Td (e are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 658.25 Td (disclosing these credit ratings to enhance understanding of our cost of short-term and long-term capital and our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 644.45 Td (ability to access the markets for liquidity and long-term debt. ) Tj ET Q q 0 0 0 rg BT 336.09 644.45 Td (The ratings reflect the respective views of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 630.65 Td (rating agencies, from which an explanation of the significance of their ratings may be obtained. ) Tj ET Q q 0 0 0 rg BT 493.82 630.65 Td (There is no ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 616.85 Td (assurance that these ratings will continue for any given period of time. ) Tj ET Q q 0 0 0 rg BT 378.87 616.85 Td (The ratings may be revised or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 603.05 Td (withdrawn entirely by the rating agencies if, in their respective judgments, circumstances so warrant. ) Tj ET Q q 0 0 0 rg BT 518.95 603.05 Td (Any ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 589.25 Td (downward revision or withdrawal may adversely af) Tj ET Q q 0 0 0 rg BT 286.25 589.25 Td (fect the market price of Pinnacle ) Tj ET Q q 0 0 0 rg BT 438.67 589.25 Td (W) Tj ET Q q 0 0 0 rg BT 448.60 589.25 Td (est) Tj ET Q q 0 0 0 rg BT 464.57 589.25 Td (s or ) Tj ET Q q 0 0 0 rg BT 483.74 589.25 Td (APS) Tj ET Q q 0 0 0 rg BT 508.04 589.25 Td (s securities ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 575.45 Td (and/or result in an increase in the cost of, or limit access to, capital. Such revisions may also result in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 561.65 Td (substantial additional cash or other collateral requirements related to certain derivative instruments, insurance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 547.85 Td (policies, natural gas transportation, fuel supply) Tj ET Q q 0 0 0 rg BT 264.33 547.85 Td (, and other ener) Tj ET Q q 0 0 0 rg BT 335.65 547.85 Td (gy-related contracts. ) Tj ET Q q 0 0 0 rg BT 434.64 547.85 Td (At this time, we believe we ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 534.05 Td (have suf) Tj ET Q q 0 0 0 rg BT 87.93 534.05 Td (ficient available liquidity resources to respond to a downward revision to our credit ratings.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 508.55 213.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 508.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 508.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 508.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 508.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 508.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 476.55 213.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 476.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 476.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 476.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 476.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 476.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 444.55 213.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 444.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 444.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 444.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 444.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 444.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 412.55 213.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 412.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 412.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 412.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 412.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 412.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 380.55 213.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 380.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 380.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 380.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 380.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 380.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 348.55 213.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 348.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 348.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 348.55 97.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 348.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 348.55 97.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 508.55 m 360 508.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 508.55 m 461 508.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 508.55 m 562 508.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 508.55 m 360 508.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 508.55 m 461 508.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 508.55 m 562 508.55 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.50 513.45 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 290.70 513.45 Td (Moody) Tj ET Q q 0 0 0 rg BT 327.16 513.45 Td (s) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 362.50 513.45 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 367.45 513.45 Td (Standard&Poor) Tj ET Q q 0 0 0 rg BT 448.83 513.45 Td () Tj ET Q q 0 0 0 rg BT 452.39 513.45 Td (s) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 463.50 513.45 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 500.75 513.45 Td (Fitch) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.50 497.45 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 95.48 497.45 Td (W) Tj ET Q q 0 0 0 rg BT 106.08 497.45 Td (est) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 311.00 497.47 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 362.50 497.47 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 412.00 497.47 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 463.50 497.47 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 513.00 497.47 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 481.58 Td (Corporate credit rating) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.95 481.58 Td (A3) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 481.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 405.90 481.58 Td (A-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.50 481.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 506.90 481.58 Td (A-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 465.58 Td (Senior unsecured) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.95 465.58 Td (A3) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 465.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 397.25 465.58 Td (BBB+) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.50 465.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 506.90 465.58 Td (A-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 449.58 Td (Commercial paper) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.00 449.58 Td (P-2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 449.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.05 449.58 Td (A-2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.50 449.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 506.90 449.58 Td (F2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 433.58 Td (Outlook) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 296.60 433.58 Td (Stable) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 433.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 393.45 433.58 Td (Positive) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.50 433.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 498.60 433.58 Td (Stable) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 401.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 311.00 401.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 401.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 412.00 401.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.50 401.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 513.00 401.58 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.50 385.45 Td (APS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 311.00 385.47 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 362.50 385.47 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 412.00 385.47 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 463.50 385.47 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 513.00 385.47 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 369.58 Td (Corporate credit rating) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.95 369.58 Td (A2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 369.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 405.90 369.58 Td (A-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.50 369.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 506.90 369.58 Td (A-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 353.58 Td (Senior unsecured) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.95 353.58 Td (A2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 353.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 405.90 353.58 Td (A-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.50 353.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 509.15 353.58 Td (A) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 337.58 Td (Commercial paper) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.00 337.58 Td (P-1) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 337.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.05 337.58 Td (A-2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.50 337.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 506.90 337.58 Td (F2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 321.58 Td (Outlook) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 296.60 321.58 Td (Stable) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 321.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 393.45 321.58 Td (Positive) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.50 321.58 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 498.60 321.58 Td (Stable) Tj ET Q BT /F1 11.50 Tf ET BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 280.45 Td (Off-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 140.85 280.45 Td (Arrangements) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 266.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 252.85 Td (See Note 18 for a discussion of the impacts on our financial statements of consolidating certain ) Tj ET Q q 0 0 0 rg BT 526.02 252.85 Td (VIEs.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 239.05 Td () Tj ET Q endstream endobj 155 0 obj <>] /Rotate 0 /Contents 156 0 R>> endobj 156 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 30.55 Td (73) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 741.25 Td (Contractual Obligations) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 727.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 713.65 Td (The following table summarizes Pinnacle ) Tj ET Q q 0 0 0 rg BT 279.15 713.65 Td (W) Tj ET Q q 0 0 0 rg BT 289.08 713.65 Td (est) Tj ET Q q 0 0 0 rg BT 305.05 713.65 Td (s consolidated contractual requirements as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 699.85 Td (December31, 2017 \(dollars in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 663.35 171.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 663.35 65.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 663.35 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 663.35 65.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 663.35 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 663.35 65.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 663.35 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 663.35 65.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 663.35 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 663.35 65.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 620.35 171.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 620.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 620.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 620.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 620.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 620.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 620.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 620.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 620.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 620.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 577.35 171.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 577.35 65.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 577.35 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 577.35 65.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 577.35 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 577.35 65.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 577.35 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 577.35 65.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 577.35 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 577.35 65.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 523.35 171.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 523.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 523.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 523.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 523.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 523.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 523.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 523.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 523.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 523.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 491.35 171.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 491.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 491.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 491.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 491.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 491.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 491.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 491.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 491.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 491.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 448.35 171.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 448.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 448.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 448.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 448.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 448.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 448.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 448.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 448.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 448.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 416.35 171.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 416.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 416.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 416.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 416.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 416.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 416.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 416.35 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 416.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 416.35 65.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 663.35 m 286 663.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 663.35 m 355 663.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 663.35 m 424 663.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 663.35 m 493 663.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 663.35 m 562 663.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 663.35 m 286 663.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 663.35 m 355 663.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 663.35 m 424 663.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 663.35 m 493 663.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 663.35 m 562 663.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 604.35 m 286 604.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 604.35 m 355 604.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 604.35 m 424 604.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 604.35 m 493 604.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 604.35 m 562 604.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 577.35 m 286 577.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 577.35 m 355 577.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 577.35 m 424 577.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 577.35 m 493 577.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 577.35 m 562 577.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 416.35 m 286 416.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 416.35 m 355 416.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 416.35 m 424 416.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 416.35 m 493 416.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 416.35 m 286 416.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 401.35 m 286 401.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 399.35 m 286 399.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 416.35 m 355 416.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 401.35 m 355 401.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 399.35 m 355 399.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 416.35 m 424 416.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 401.35 m 424 401.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 399.35 m 424 399.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 416.35 m 493 416.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 401.35 m 493 401.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 399.35 m 493 399.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 416.35 m 562 416.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 401.35 m 562 401.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 399.35 m 562 399.35 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 666.07 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 242.00 668.25 Td (2018) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 309.15 679.25 Td (2019-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 311.00 668.25 Td (2020) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 378.15 679.25 Td (2021-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 380.00 668.25 Td (2022) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 434.85 668.25 Td (Ther) Tj ET Q q 0 0 0 rg BT 457.97 668.25 Td (eafter) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 516.95 668.25 Td (T) Tj ET Q q 0 0 0 rg BT 523.28 668.25 Td (otal) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 652.88 Td (Long-term debt payments,) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 641.38 Td (including interest: \(a\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 351.50 641.38 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 420.50 641.38 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 489.50 641.38 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.50 641.38 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 625.88 Td (APS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 223.50 625.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 264.40 625.38 Td (290) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 292.50 625.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 324.75 625.38 Td (1,192) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 361.50 625.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 402.40 625.38 Td (310) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 625.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 462.75 625.38 Td (5,959) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 625.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 531.75 625.38 Td (7,751) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 609.88 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 100.77 609.88 Td (W) Tj ET Q q 0 0 0 rg BT 110.70 609.88 Td (est) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 275.90 609.38 Td (7) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 333.40 609.38 Td (314) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 408.15 609.38 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.15 609.38 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 540.40 609.38 Td (321) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 593.88 Td (T) Tj ET Q q 0 0 0 rg BT 59.12 593.88 Td (otal long-term debt payments,) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 582.38 Td (including interest) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 264.40 582.38 Td (297) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 324.75 582.38 Td (1,506) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 402.40 582.38 Td (310) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 462.75 582.38 Td (5,959) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 531.75 582.38 Td (8,072) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 566.88 Td (Short-term debt payments,) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 555.38 Td (including interest \(b\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 270.15 555.38 Td (95) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 339.15 555.38 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 408.15 555.38 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.15 555.38 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 555.38 Td (95) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 539.88 Td (Fuel and purchased power) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 528.38 Td (commitments \(c\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 264.40 528.38 Td (539) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 324.75 528.38 Td (1,099) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 393.75 528.38 Td (1,084) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 462.75 528.38 Td (6,271) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 531.75 528.38 Td (8,993) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 512.88 Td (Renewable ener) Tj ET Q q 0 0 0 rg BT 126.15 512.88 Td (gy credits \(d\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 270.15 512.38 Td (40) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 339.15 512.38 Td (80) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 408.15 512.38 Td (80) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.40 512.38 Td (370) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 540.40 512.38 Td (570) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 496.88 Td (Purchase obligations \(e\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 264.40 496.38 Td (176) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 339.15 496.38 Td (27) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 408.15 496.38 Td (18) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.40 496.38 Td (204) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 540.40 496.38 Td (425) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 480.88 Td (Coal reclamation) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 270.15 480.38 Td (32) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 339.15 480.38 Td (56) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 408.15 480.38 Td (46) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.40 480.38 Td (207) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 540.40 480.38 Td (341) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 464.88 Td (Nuclear decommissioning funding) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 453.38 Td (requirements) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 275.90 453.38 Td (2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 344.90 453.38 Td (4) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 413.90 453.38 Td (4) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.15 453.38 Td (55) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 453.38 Td (65) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 437.88 Td (Noncontrolling interests \(f\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 270.15 437.38 Td (23) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 339.15 437.38 Td (46) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 408.15 437.38 Td (46) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.40 437.38 Td (182) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 540.40 437.38 Td (297) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 421.88 Td (Operating lease payments) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 270.15 421.38 Td (13) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 339.15 421.38 Td (21) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 408.15 421.38 Td (12) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.15 421.38 Td (56) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 540.40 421.38 Td (102) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 405.88 Td (T) Tj ET Q q 0 0 0 rg BT 58.72 405.88 Td (otal contractual commitments) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 223.50 405.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 255.75 405.38 Td (1,217) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 292.50 405.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 324.75 405.38 Td (2,839) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 361.50 405.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 393.75 405.38 Td (1,600) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 405.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 457.00 405.38 Td (13,304) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 405.38 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 526.00 405.38 Td (18,960) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 381.05 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 381.05 Td (The long-term debt matures at various dates through 2046 and bears interest principally at fixed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 367.25 Td (rates. Interest on variable-rate long-term debt is determined by using average rates at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 353.45 Td (December31, 2017 \(see Note 6\).) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 339.65 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 339.65 Td (See Note 5 - Lines of credit and short-term borrowings for further details. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 448.09 339.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 325.85 Td (\(c\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 325.85 Td (Our fuel and purchased power commitments include purchases of coal, electricity) Tj ET Q q 0 0 0 rg BT 478.61 325.85 Td (, natural gas, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 312.05 Td (renewable ener) Tj ET Q q 0 0 0 rg BT 173.20 312.05 Td (gy) Tj ET Q q 0 0 0 rg BT 183.96 312.05 Td (, nuclear fuel, and natural gas transportation \(see Notes 3 and 10\).) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 298.25 Td (\(d\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 298.25 Td (Contracts to purchase renewable ener) Tj ET Q q 0 0 0 rg BT 275.72 298.25 Td (gy credits in compliance with the RES \(see Note 3\).) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 284.45 Td (\(e\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 284.45 Td (These contractual obligations include commitments for capital expenditures and other obligations.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 270.65 Td (\(f\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 270.65 Td (Payments to the noncontrolling interests relate to the Palo ) Tj ET Q q 0 0 0 rg BT 371.90 270.65 Td (V) Tj ET Q q 0 0 0 rg BT 378.93 270.65 Td (erde Sale Leaseback \(see Note 18\). ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 305.75 256.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 243.05 Td (This table excludes $42 million in unrecognized tax benefits because the timing of the future cash ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 229.25 Td (outflows is uncertain. Estimated minimum required pension contributions are zero for 2018, 2019 and 2020 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 215.45 Td (\(see Note7\).) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 207.55 187.85 Td (CRITICAL) Tj ET Q q 0 0 0 rg BT 264.43 187.85 Td ( ) Tj ET Q q 0 0 0 rg BT 266.67 187.85 Td (ACCOUNTING POLICIES) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 174.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 160.25 Td (In preparing the financial statements in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 376.10 160.25 Td (, management must often make ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 146.45 Td (estimates and assumptions that af) Tj ET Q q 0 0 0 rg BT 203.24 146.45 Td (fect the reported amounts of assets, liabilities, revenues, expenses and related ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 132.65 Td (disclosures at the date of the financial statements and during the reporting period. Some of those judgments ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 118.85 Td (can be subjective and complex, and actual results could dif) Tj ET Q q 0 0 0 rg BT 320.09 118.85 Td (fer from those estimates. ) Tj ET Q q 0 0 0 rg BT 439.33 118.85 Td (W) Tj ET Q q 0 0 0 rg BT 449.26 118.85 Td (e consider the following ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 105.05 Td (accounting policies to be our most critical because of the uncertainties, judgments and complexities of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 91.25 Td (underlying accounting standards and operations involved.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 77.45 Td () Tj ET Q endstream endobj 157 0 obj <>] /Rotate 0 /Contents 158 0 R>> endobj 158 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (74) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 734.75 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 106.68 734.75 Td (Accounting) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 707.15 Td (Regulatory accounting allows for the actions of regulators, such as the ) Tj ET Q q 0 0 0 rg BT 411.25 707.15 Td (ACC and FERC, to be reflected ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td (in our financial statements. ) Tj ET Q q 0 0 0 rg BT 179.59 693.35 Td (Their actions may cause us to capitalize costs that would otherwise be included as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.55 Td (an expense in the current period by unregulated companies. Regulatory assets represent incurred costs that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.75 Td (have been deferred because they are probable of future recovery in customer rates. Regulatory liabilities ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.95 Td (generally represent amounts collected in rates to recover costs expected to be incurred in the future or amounts ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.15 Td (collected in excess of costs incurred and are refundable to customers. Management continually assesses ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.35 Td (whether our regulatory assets are probable of future recovery by considering factors such as applicable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.55 Td (regulatory environment changes and recent rate orders to other regulated entities in the same jurisdiction. ) Tj ET Q q 0 0 0 rg BT 538.84 610.55 Td (This ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.75 Td (determination reflects the current political and regulatory climate in ) Tj ET Q q 0 0 0 rg BT 363.40 596.75 Td (Arizona and is subject to change in the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.95 Td (future. If future recovery of costs ceases to be probable, the assets would be written of) Tj ET Q q 0 0 0 rg BT 448.47 582.95 Td (f as a char) Tj ET Q q 0 0 0 rg BT 495.19 582.95 Td (ge in current ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.15 Td (period earnings. ) Tj ET Q q 0 0 0 rg BT 129.13 569.15 Td (W) Tj ET Q q 0 0 0 rg BT 139.06 569.15 Td (e had $1,450 million of regulatory assets and $2,553 million of regulatory liabilities on the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.35 Td (Consolidated Balance Sheets at December31, 2017.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 527.75 Td (Included in the balance of regulatory assets at December31, 2017 is a regulatory asset of $576 million ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.95 Td (for pension benefits. ) Tj ET Q q 0 0 0 rg BT 149.26 513.95 Td (This regulatory asset represents the future recovery of these costs through retail rates as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.15 Td (these amounts are char) Tj ET Q q 0 0 0 rg BT 154.35 500.15 Td (ged to earnings. If all or a portion of these costs are disallowed by the ) Tj ET Q q 0 0 0 rg BT 479.78 500.15 Td (ACC, this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.35 Td (regulatory asset would be char) Tj ET Q q 0 0 0 rg BT 189.80 486.35 Td (ged to OCI and result in lower future earnings.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 472.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 458.75 Td (See Notes 1 and 3 for more information.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 431.15 Td (Pensions and Other) Tj ET Q q 0 0 0 rg BT 145.78 431.15 Td ( Postr) Tj ET Q q 0 0 0 rg BT 174.63 431.15 Td (etir) Tj ET Q q 0 0 0 rg BT 191.66 431.15 Td (ement Benefit ) Tj ET Q q 0 0 0 rg BT 261.92 431.15 Td (Accounting) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 403.55 Td (Changes in our actuarial assumptions used in calculating our pension and other postretirement benefit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.75 Td (liability and expense can have a significant impact on our earnings and financial position. ) Tj ET Q q 0 0 0 rg BT 467.01 389.75 Td (The most relevant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.95 Td (actuarial assumptions are the discount rate used to measure our liability and net periodic cost, the expected ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.15 Td (long-term rate of return on plan assets used to estimate earnings on invested funds over the long-term, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.35 Td (mortality assumptions, and the assumed healthcare cost trend rates. ) Tj ET Q q 0 0 0 rg BT 364.19 348.35 Td (W) Tj ET Q q 0 0 0 rg BT 374.12 348.35 Td (e review these assumptions on an annual ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.55 Td (basis and adjust them as necessary) Tj ET Q q 0 0 0 rg BT 207.48 334.55 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 306.95 Td (The following chart reflects the sensitivities that a change in certain actuarial assumptions would have ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.15 Td (had on the December31, 2017 reported pension liability on the Consolidated Balance Sheets and our 2017 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.35 Td (reported pension expense, after consideration of amounts capitalized or billed to electric plant participants, on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.55 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.77 265.55 Td (W) Tj ET Q q 0 0 0 rg BT 101.70 265.55 Td (est) Tj ET Q q 0 0 0 rg BT 117.67 265.55 Td (s Consolidated Statements of Income \(dollars in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 203.05 394.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 203.05 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 203.05 55.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 203.05 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 203.05 55.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 171.05 394.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 171.05 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 171.05 55.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 171.05 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 171.05 55.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 139.05 394.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 139.05 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 139.05 55.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 139.05 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 139.05 55.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 240.04999999999995 m 503 240.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 240.04999999999995 m 507 240.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 240.04999999999995 m 562 240.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 203.04999999999995 m 444 203.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 203.04999999999995 m 503 203.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 240.04999999999995 m 562 240.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 203.04999999999995 m 562 203.04999999999995 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.50 244.95 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 458.70 244.95 Td (Incr) Tj ET Q q 0 0 0 rg BT 478.66 244.95 Td (ease\(Decr) Tj ET Q q 0 0 0 rg BT 527.01 244.95 Td (ease\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.50 207.95 Td (Actuarial) Tj ET Q q 0 0 0 rg BT 99.24 207.95 Td (Assumption\(a\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 451.00 229.95 Td (Impacton) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 456.65 218.95 Td (Pension) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 454.80 207.95 Td (Liability) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.00 229.95 Td (Impacton) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 515.65 218.95 Td (Pension) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 514.40 207.95 Td (Expense) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 192.58 Td (Discount rate:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 192.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.50 192.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 176.58 Td (Increase 1%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 450.50 176.08 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.55 176.13 Td (\(372) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 498.65 176.08 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 509.50 176.08 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 542.30 176.13 Td (\(1) Tj ET Q q 0 0 0 rg BT 551.88 176.13 Td (1) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 176.08 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 160.58 Td (Decrease 1%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 481.40 160.08 Td (455) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 160.08 Td (14) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 144.58 Td (Expected long-term rate of return on plan assets:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 128.58 Td (Increase 1%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 487.15 128.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 542.30 128.13 Td (\(13) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 128.08 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 112.58 Td (Decrease 1%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 487.15 112.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 112.08 Td (13) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 87.75 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 87.75 Td (Each fluctuation assumes that the other assumptions of the calculation are held constant while the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 73.95 Td (rates are changed by one percentage point.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 60.15 Td () Tj ET Q endstream endobj 159 0 obj <>] /Rotate 0 /Contents 160 0 R>> endobj 160 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (75) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 734.55 Td (The following chart reflects the sensitivities that a change in certain actuarial assumptions would have ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (had on the December31, 2017 other postretirement benefit obligation and our 2017 reported other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (postretirement benefit expense, after consideration of amounts capitalized or billed to electric plant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (participants, on Pinnacle ) Tj ET Q q 0 0 0 rg BT 165.54 693.15 Td (W) Tj ET Q q 0 0 0 rg BT 175.48 693.15 Td (est) Tj ET Q q 0 0 0 rg BT 191.45 693.15 Td (s Consolidated Statements of Income \(dollars in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 616.65 313.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 616.65 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 616.65 96.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 616.65 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 616.65 95.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 584.65 313.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 584.65 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 584.65 96.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 584.65 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 584.65 95.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 552.65 313.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 552.65 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 552.65 96.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 552.65 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 552.65 95.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 520.65 313.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 520.65 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 520.65 96.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 520.65 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 520.65 95.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 488.65 313.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 488.65 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 488.65 96.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 488.65 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 488.65 95.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 666.65 m 463 666.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 666.65 m 467 666.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 666.65 m 562 666.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 616.65 m 363 616.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 616.65 m 463 616.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 666.65 m 562 666.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 616.65 m 562 616.65 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.50 671.55 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 418.20 671.55 Td (Incr) Tj ET Q q 0 0 0 rg BT 438.16 671.55 Td (ease\(Decr) Tj ET Q q 0 0 0 rg BT 486.51 671.55 Td (ease\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.50 621.55 Td (Actuarial) Tj ET Q q 0 0 0 rg BT 99.24 621.55 Td (Assumption\(a\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 375.15 654.55 Td (ImpactonOther) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 379.55 643.55 Td (Postr) Tj ET Q q 0 0 0 rg BT 404.40 643.55 Td (etir) Tj ET Q q 0 0 0 rg BT 420.68 643.55 Td (ement) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 397.65 632.55 Td (Benefit) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 389.40 621.55 Td (Obligation) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 474.65 643.55 Td (ImpactonOther) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 479.05 632.55 Td (Postr) Tj ET Q q 0 0 0 rg BT 503.90 632.55 Td (etir) Tj ET Q q 0 0 0 rg BT 520.18 632.55 Td (ement) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 476.25 621.55 Td (BenefitExpense) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 606.18 Td (Discount rate:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 459.50 605.68 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.50 605.68 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 590.18 Td (Increase 1%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 369.50 589.68 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 437.55 589.73 Td (\(100) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 458.65 589.68 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 469.50 589.68 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 548.05 589.73 Td (\(3) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 589.68 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 574.18 Td (Decrease 1%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 441.40 573.68 Td (129) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.90 573.68 Td (6) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 558.18 Td (Healthcare cost trend rate \(b\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 542.18 Td (Increase 1%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 441.40 541.68 Td (128) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.90 541.68 Td (8) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 526.18 Td (Decrease 1%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 443.30 525.73 Td (\(98) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 458.65 525.68 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 548.05 525.73 Td (\(6) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 525.68 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 510.18 Td (Expected long-term rate of return on plan assets pretax:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 459.50 509.68 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 494.18 Td (Increase 1%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 447.15 493.68 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 548.05 493.73 Td (\(4) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 493.68 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 478.18 Td (Decrease 1%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 447.15 477.68 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.90 477.68 Td (4) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 453.35 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 453.35 Td (Each fluctuation assumes that the other assumptions of the calculation are held constant while the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 439.55 Td (rates are changed by one percentage point.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 425.75 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 425.75 Td (This assumes a 1% change in the initial and ultimate healthcare cost trend rate.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 411.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 398.15 Td (See Notes 2 and 7 for further details about our pension and other postretirement benefit plans.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 384.35 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 370.55 Td (Fair) Tj ET Q q 0 0 0 rg BT 70.37 370.55 Td ( ) Tj ET Q q 0 0 0 rg BT 73.03 370.55 Td (V) Tj ET Q q 0 0 0 rg BT 80.28 370.55 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 141.08 370.55 Td (ements) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 356.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 342.95 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 342.95 Td (e account for derivative instruments, investments held in our nuclear decommissioning trust fund, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 328.55 Td (investments held in our ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 160.02 328.55 Td (coal reclamation escrow account,) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 319.94 328.55 Td ( certain cash equivalents, and plan assets held in our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 314.75 Td (retirement and other benefit plans at fair value on a recurring basis. Fair value is the price that would be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 300.95 Td (received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 287.15 Td (the measurement date. ) Tj ET Q q 0 0 0 rg BT 158.18 287.15 Td (W) Tj ET Q q 0 0 0 rg BT 168.11 287.15 Td (e use inputs, or assumptions that market participants would use, to determine fair ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 273.35 Td (market value. ) Tj ET Q q 0 0 0 rg BT 117.63 273.35 Td (W) Tj ET Q q 0 0 0 rg BT 127.56 273.35 Td (e utilize valuation techniques that maximize the use of observable inputs and minimize the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 259.55 Td (use of unobservable inputs. ) Tj ET Q q 0 0 0 rg BT 180.88 259.55 Td (The significance of a particular input determines how the instrument is classified ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 245.75 Td (in a fair value hierarchy) Tj ET Q q 0 0 0 rg BT 158.58 245.75 Td (. ) Tj ET Q q 0 0 0 rg BT 167.00 245.75 Td (The determination of fair value sometimes requires subjective and complex ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 231.95 Td (judgment. Our assessment of the inputs and the significance of a particular input to fair value measurement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 218.15 Td (may af) Tj ET Q q 0 0 0 rg BT 80.90 218.15 Td (fect the valuation of the instruments and their placement within a fair value hierarchy) Tj ET Q q 0 0 0 rg BT 472.61 218.15 Td (. ) Tj ET Q q 0 0 0 rg BT 480.60 218.15 Td (Actual results ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 204.35 Td (could dif) Tj ET Q q 0 0 0 rg BT 90.49 204.35 Td (fer from our estimates of fair value. See Note 1 for a discussion of accounting policies and Note 13 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 190.55 Td (for fair value measurement disclosures.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 162.95 Td (Asset Retir) Tj ET Q q 0 0 0 rg BT 103.90 162.95 Td (ement Obligations) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 135.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 135.35 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 135.35 Td (e recognize an ) Tj ET Q q 0 0 0 rg BT 164.08 135.35 Td (ARO for the future decommissioning or retirement of our tangible long-lived assets ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 121.55 Td (for which a legal obligation exists. ) Tj ET Q q 0 0 0 rg BT 211.22 121.55 Td (The ) Tj ET Q q 0 0 0 rg BT 231.34 121.55 Td (ARO liability represents an estimate of the fair value of the current ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 107.75 Td (obligation related to decommissioning and the retirement of those assets. ) Tj ET Q q 0 0 0 rg BT 387.09 107.75 Td (ARO measurements inherently ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 93.95 Td (involve uncertainty in the amount and timing of settlement of the liability) Tj ET Q q 0 0 0 rg BT 386.98 93.95 Td (. ) Tj ET Q q 0 0 0 rg BT 392.52 93.95 Td (W) Tj ET Q q 0 0 0 rg BT 402.46 93.95 Td (e use an expected cash flow ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 80.15 Td (approach to measure the amount we recognize as an ) Tj ET Q q 0 0 0 rg BT 291.23 80.15 Td (ARO. ) Tj ET Q q 0 0 0 rg BT 321.05 80.15 Td (This approach applies probability weighting to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 66.35 Td (discounted future cash flow scenarios that reflect a range of possible outcomes. ) Tj ET Q q 0 0 0 rg BT 416.86 66.35 Td (The scenarios consider ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 52.55 Td (settlement of the ) Tj ET Q q 0 0 0 rg BT 128.39 52.55 Td (ARO at the expiration of the power plant) Tj ET Q q 0 0 0 rg BT 320.32 52.55 Td (s current license or lease term and expected ) Tj ET Q endstream endobj 161 0 obj <>] /Rotate 0 /Contents 162 0 R>> endobj 162 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (76) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td (decommissioning dates. ) Tj ET Q q 0 0 0 rg BT 162.68 734.55 Td (The fair value of an ) Tj ET Q q 0 0 0 rg BT 255.60 734.55 Td (ARO is recognized in the period in which it is incurred. ) Tj ET Q q 0 0 0 rg BT 514.09 734.55 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (associated asset retirement costs are capitalized as part of the carrying value of the long-lived asset and are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (depreciated over the life of the related assets. In addition, we accrete the ) Tj ET Q q 0 0 0 rg BT 383.81 706.95 Td (ARO liability to reflect the passage of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (time. Changes in these estimates and assumptions could materially af) Tj ET Q q 0 0 0 rg BT 368.03 693.15 Td (fect the amount of the recorded ) Tj ET Q q 0 0 0 rg BT 514.28 693.15 Td (ARO for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (these assets. In accordance with regulatory accounting, ) Tj ET Q q 0 0 0 rg BT 304.65 679.35 Td (APS accrues removal costs for its regulated utility ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (assets, even if there is no legal obligation for removal. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 637.95 Td (AROs as of December 31, 2017 are described further in Note 1) Tj ET Q q 0 0 0 rg BT 380.78 637.95 Td (1, ) Tj ET Q q 0 0 0 rg BT 391.65 637.95 Td (Asset Retirement Obligations.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (Income ) Tj ET Q q 0 0 0 rg BT 88.58 610.35 Td (T) Tj ET Q q 0 0 0 rg BT 95.19 610.35 Td (axes) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 582.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 106.57 582.75 Td (income ) Tj ET Q q 0 0 0 rg BT 143.61 582.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 160.85 582.75 Td (expense, ) Tj ET Q q 0 0 0 rg BT 203.95 582.75 Td (deferred ) Tj ET Q q 0 0 0 rg BT 245.44 582.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 262.68 582.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 292.70 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 312.49 582.75 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 361.35 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 381.15 582.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 427.14 582.75 Td (for ) Tj ET Q q 0 0 0 rg BT 443.73 582.75 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 508.86 582.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 526.10 582.75 Td (benefits ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (reflect ) Tj ET Q q 0 0 0 rg BT 81.74 568.95 Td (management) Tj ET Q q 0 0 0 rg BT 143.69 568.95 Td (s ) Tj ET Q q 0 0 0 rg BT 151.04 568.95 Td (best ) Tj ET Q q 0 0 0 rg BT 172.44 568.95 Td (estimate ) Tj ET Q q 0 0 0 rg BT 213.63 568.95 Td (of ) Tj ET Q q 0 0 0 rg BT 226.09 568.95 Td (current ) Tj ET Q q 0 0 0 rg BT 261.53 568.95 Td (and ) Tj ET Q q 0 0 0 rg BT 281.01 568.95 Td (future ) Tj ET Q q 0 0 0 rg BT 311.34 568.95 Td (taxes ) Tj ET Q q 0 0 0 rg BT 337.85 568.95 Td (to ) Tj ET Q q 0 0 0 rg BT 349.67 568.95 Td (be ) Tj ET Q q 0 0 0 rg BT 363.40 568.95 Td (paid. ) Tj ET Q q 0 0 0 rg BT 388.94 568.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 545.15 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 545.15 Td (On ) Tj ET Q q 0 0 0 rg BT 101.61 545.15 Td (December ) Tj ET Q q 0 0 0 rg BT 150.91 545.15 Td (22, ) Tj ET Q q 0 0 0 rg BT 167.34 545.15 Td (2017, ) Tj ET Q q 0 0 0 rg BT 195.27 545.15 Td (the ) Tj ET Q q 0 0 0 rg BT 211.22 545.15 Td (T) Tj ET Q q 0 0 0 rg BT 217.45 545.15 Td (ax ) Tj ET Q q 0 0 0 rg BT 230.35 545.15 Td (Cuts ) Tj ET Q q 0 0 0 rg BT 253.50 545.15 Td (and ) Tj ET Q q 0 0 0 rg BT 272.16 545.15 Td (Jobs ) Tj ET Q q 0 0 0 rg BT 294.21 545.15 Td (Act ) Tj ET Q q 0 0 0 rg BT 312.87 545.15 Td (was ) Tj ET Q q 0 0 0 rg BT 332.81 545.15 Td (enacted, ) Tj ET Q q 0 0 0 rg BT 372.85 545.15 Td (and ) Tj ET Q q 0 0 0 rg BT 391.51 545.15 Td (is ) Tj ET Q q 0 0 0 rg BT 401.23 545.15 Td (generally ) Tj ET Q q 0 0 0 rg BT 446.07 545.15 Td (ef) Tj ET Q q 0 0 0 rg BT 454.79 545.15 Td (fective ) Tj ET Q q 0 0 0 rg BT 488.13 545.15 Td (January ) Tj ET Q q 0 0 0 rg BT 525.95 545.15 Td (1, ) Tj ET Q q 0 0 0 rg BT 536.63 545.15 Td (2018. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 531.35 Td (This ) Tj ET Q q 0 0 0 rg BT 71.93 531.35 Td (legislation ) Tj ET Q q 0 0 0 rg BT 121.82 531.35 Td (made ) Tj ET Q q 0 0 0 rg BT 148.71 531.35 Td (significant ) Tj ET Q q 0 0 0 rg BT 199.24 531.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 238.26 531.35 Td (to ) Tj ET Q q 0 0 0 rg BT 249.19 531.35 Td (the ) Tj ET Q q 0 0 0 rg BT 265.22 531.35 Td (federal ) Tj ET Q q 0 0 0 rg BT 299.12 531.35 Td (income ) Tj ET Q q 0 0 0 rg BT 334.95 531.35 Td (tax ) Tj ET Q q 0 0 0 rg BT 350.98 531.35 Td (laws. ) Tj ET Q q 0 0 0 rg BT 376.92 531.35 Td (Changes ) Tj ET Q q 0 0 0 rg BT 418.51 531.35 Td (which ) Tj ET Q q 0 0 0 rg BT 448.60 531.35 Td (will ) Tj ET Q q 0 0 0 rg BT 468.47 531.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 501.75 531.35 Td (the ) Tj ET Q q 0 0 0 rg BT 517.78 531.35 Td (Company ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 517.55 Td (include, ) Tj ET Q q 0 0 0 rg BT 89.47 517.55 Td (but ) Tj ET Q q 0 0 0 rg BT 107.41 517.55 Td (are ) Tj ET Q q 0 0 0 rg BT 124.70 517.55 Td (not ) Tj ET Q q 0 0 0 rg BT 142.64 517.55 Td (limited ) Tj ET Q q 0 0 0 rg BT 178.46 517.55 Td (to, ) Tj ET Q q 0 0 0 rg BT 193.53 517.55 Td (a ) Tj ET Q q 0 0 0 rg BT 201.88 517.55 Td (reduction ) Tj ET Q q 0 0 0 rg BT 248.55 517.55 Td (in ) Tj ET Q q 0 0 0 rg BT 260.74 517.55 Td (the ) Tj ET Q q 0 0 0 rg BT 278.04 517.55 Td (corporate ) Tj ET Q q 0 0 0 rg BT 324.70 517.55 Td (tax ) Tj ET Q q 0 0 0 rg BT 342.00 517.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 362.48 517.55 Td (to ) Tj ET Q q 0 0 0 rg BT 374.67 517.55 Td (21%, ) Tj ET Q q 0 0 0 rg BT 401.87 517.55 Td (revisions ) Tj ET Q q 0 0 0 rg BT 446.64 517.55 Td (to ) Tj ET Q q 0 0 0 rg BT 458.83 517.55 Td (the ) Tj ET Q q 0 0 0 rg BT 476.13 517.55 Td (rules ) Tj ET Q q 0 0 0 rg BT 501.73 517.55 Td (related ) Tj ET Q q 0 0 0 rg BT 536.26 517.55 Td (to ) Tj ET Q q 0 0 0 rg BT 548.45 517.55 Td (tax ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 503.75 Td (bonus ) Tj ET Q q 0 0 0 rg BT 81.04 503.75 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 144.81 503.75 Td (limitations ) Tj ET Q q 0 0 0 rg BT 198.06 503.75 Td (on ) Tj ET Q q 0 0 0 rg BT 213.63 503.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 251.54 503.75 Td (deductibility ) Tj ET Q q 0 0 0 rg BT 313.73 503.75 Td (and ) Tj ET Q q 0 0 0 rg BT 334.39 503.75 Td (an ) Tj ET Q q 0 0 0 rg BT 349.31 503.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 400.63 503.75 Td (exception ) Tj ET Q q 0 0 0 rg BT 449.40 503.75 Td (for ) Tj ET Q q 0 0 0 rg BT 466.87 503.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 502.21 503.75 Td (public ) Tj ET Q q 0 0 0 rg BT 535.02 503.75 Td (utility ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 489.95 Td (property) Tj ET Q q 0 0 0 rg BT 87.71 489.95 Td (, ) Tj ET Q q 0 0 0 rg BT 93.34 489.95 Td (and ) Tj ET Q q 0 0 0 rg BT 112.71 489.95 Td (requirements ) Tj ET Q q 0 0 0 rg BT 175.50 489.95 Td (that ) Tj ET Q q 0 0 0 rg BT 195.50 489.95 Td (certain ) Tj ET Q q 0 0 0 rg BT 229.54 489.95 Td (excess ) Tj ET Q q 0 0 0 rg BT 262.31 489.95 Td (deferred ) Tj ET Q q 0 0 0 rg BT 303.37 489.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 320.18 489.95 Td (amounts ) Tj ET Q q 0 0 0 rg BT 361.91 489.95 Td (of ) Tj ET Q q 0 0 0 rg BT 374.25 489.95 Td (regulated ) Tj ET Q q 0 0 0 rg BT 419.79 489.95 Td (utilities ) Tj ET Q q 0 0 0 rg BT 457.05 489.95 Td (be ) Tj ET Q q 0 0 0 rg BT 470.66 489.95 Td (normalized. ) Tj ET Q q 0 0 0 rg BT 528.02 489.95 Td (Several ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 476.15 Td (sections ) Tj ET Q q 0 0 0 rg BT 90.07 476.15 Td (of ) Tj ET Q q 0 0 0 rg BT 103.16 476.15 Td (the ) Tj ET Q q 0 0 0 rg BT 120.73 476.15 Td (final ) Tj ET Q q 0 0 0 rg BT 145.32 476.15 Td (legislation ) Tj ET Q q 0 0 0 rg BT 196.75 476.15 Td (contain ) Tj ET Q q 0 0 0 rg BT 234.12 476.15 Td (technical ) Tj ET Q q 0 0 0 rg BT 279.14 476.15 Td (ambiguities. ) Tj ET Q q 0 0 0 rg BT 339.19 476.15 Td ( ) Tj ET Q q 0 0 0 rg BT 341.93 476.15 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 398.67 476.15 Td (, ) Tj ET Q q 0 0 0 rg BT 405.06 476.15 Td (it ) Tj ET Q q 0 0 0 rg BT 414.97 476.15 Td (is ) Tj ET Q q 0 0 0 rg BT 426.15 476.15 Td (necessary ) Tj ET Q q 0 0 0 rg BT 474.37 476.15 Td (for ) Tj ET Q q 0 0 0 rg BT 491.29 476.15 Td (management ) Tj ET Q q 0 0 0 rg BT 553.56 476.15 Td (to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 462.35 Td (interpret ) Tj ET Q q 0 0 0 rg BT 91.26 462.35 Td (this ) Tj ET Q q 0 0 0 rg BT 110.67 462.35 Td (legislation ) Tj ET Q q 0 0 0 rg BT 161.39 462.35 Td (and ) Tj ET Q q 0 0 0 rg BT 180.79 462.35 Td (make ) Tj ET Q q 0 0 0 rg BT 208.50 462.35 Td (judgements ) Tj ET Q q 0 0 0 rg BT 264.32 462.35 Td (until ) Tj ET Q q 0 0 0 rg BT 288.21 462.35 Td (further ) Tj ET Q q 0 0 0 rg BT 322.30 462.35 Td (guidance ) Tj ET Q q 0 0 0 rg BT 366.61 462.35 Td (becomes ) Tj ET Q q 0 0 0 rg BT 409.65 462.35 Td (available. ) Tj ET Q q 0 0 0 rg BT 456.83 462.35 Td ( ) Tj ET Q q 0 0 0 rg BT 459.02 462.35 Td (As ) Tj ET Q q 0 0 0 rg BT 474.60 462.35 Td (a ) Tj ET Q q 0 0 0 rg BT 482.51 462.35 Td (result, ) Tj ET Q q 0 0 0 rg BT 513.73 462.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 553.57 462.35 Td (in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 448.55 Td (these ) Tj ET Q q 0 0 0 rg BT 76.00 448.55 Td (judgments ) Tj ET Q q 0 0 0 rg BT 126.80 448.55 Td (could ) Tj ET Q q 0 0 0 rg BT 155.22 448.55 Td (materially ) Tj ET Q q 0 0 0 rg BT 204.72 448.55 Td (af) Tj ET Q q 0 0 0 rg BT 213.44 448.55 Td (fect ) Tj ET Q q 0 0 0 rg BT 233.55 448.55 Td (amounts ) Tj ET Q q 0 0 0 rg BT 275.40 448.55 Td (the ) Tj ET Q q 0 0 0 rg BT 292.32 448.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 339.92 448.55 Td (recognized ) Tj ET Q q 0 0 0 rg BT 393.23 448.55 Td (in ) Tj ET Q q 0 0 0 rg BT 405.05 448.55 Td (its ) Tj ET Q q 0 0 0 rg BT 418.80 448.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 461.90 448.55 Td (statements. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 424.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 424.75 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 128.12 424.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 143.92 424.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 172.51 424.75 Td (or ) Tj ET Q q 0 0 0 rg BT 183.85 424.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 228.41 424.75 Td (are ) Tj ET Q q 0 0 0 rg BT 244.21 424.75 Td (recognized ) Tj ET Q q 0 0 0 rg BT 296.41 424.75 Td (for ) Tj ET Q q 0 0 0 rg BT 311.57 424.75 Td (the ) Tj ET Q q 0 0 0 rg BT 327.38 424.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 373.21 424.75 Td (future ) Tj ET Q q 0 0 0 rg BT 402.43 424.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 418.23 424.75 Td (ef) Tj ET Q q 0 0 0 rg BT 426.96 424.75 Td (fects ) Tj ET Q q 0 0 0 rg BT 450.43 424.75 Td (attributable ) Tj ET Q q 0 0 0 rg BT 504.55 424.75 Td (to ) Tj ET Q q 0 0 0 rg BT 515.26 424.75 Td (temporary ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 410.95 Td (dif) Tj ET Q q 0 0 0 rg BT 62.07 410.95 Td (ferences ) Tj ET Q q 0 0 0 rg BT 103.69 410.95 Td (between ) Tj ET Q q 0 0 0 rg BT 145.32 410.95 Td (the ) Tj ET Q q 0 0 0 rg BT 162.69 410.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 206.24 410.95 Td (statement ) Tj ET Q q 0 0 0 rg BT 253.63 410.95 Td (basis ) Tj ET Q q 0 0 0 rg BT 279.95 410.95 Td (and ) Tj ET Q q 0 0 0 rg BT 299.88 410.95 Td (the ) Tj ET Q q 0 0 0 rg BT 317.25 410.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 334.62 410.95 Td (basis ) Tj ET Q q 0 0 0 rg BT 360.94 410.95 Td (of ) Tj ET Q q 0 0 0 rg BT 373.84 410.95 Td (assets ) Tj ET Q q 0 0 0 rg BT 403.99 410.95 Td (and ) Tj ET Q q 0 0 0 rg BT 423.91 410.95 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 470.03 410.95 Td (as ) Tj ET Q q 0 0 0 rg BT 482.93 410.95 Td (well ) Tj ET Q q 0 0 0 rg BT 506.05 410.95 Td (as ) Tj ET Q q 0 0 0 rg BT 518.95 410.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 536.32 410.95 Td (credit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 397.15 Td (carry ) Tj ET Q q 0 0 0 rg BT 74.99 397.15 Td (forwards ) Tj ET Q q 0 0 0 rg BT 117.73 397.15 Td (and ) Tj ET Q q 0 0 0 rg BT 136.20 397.15 Td (net ) Tj ET Q q 0 0 0 rg BT 152.12 397.15 Td (operating ) Tj ET Q q 0 0 0 rg BT 197.42 397.15 Td (loss ) Tj ET Q q 0 0 0 rg BT 217.18 397.15 Td (carry ) Tj ET Q q 0 0 0 rg BT 242.67 397.15 Td (forwards. ) Tj ET Q q 0 0 0 rg BT 288.29 397.15 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 331.01 397.15 Td (tax ) Tj ET Q q 0 0 0 rg BT 346.93 397.15 Td (assets ) Tj ET Q q 0 0 0 rg BT 375.63 397.15 Td (and ) Tj ET Q q 0 0 0 rg BT 394.11 397.15 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 438.78 397.15 Td (are ) Tj ET Q q 0 0 0 rg BT 454.68 397.15 Td (measured ) Tj ET Q q 0 0 0 rg BT 500.62 397.15 Td (using ) Tj ET Q q 0 0 0 rg BT 527.41 397.15 Td (enacted ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 383.35 Td (tax ) Tj ET Q q 0 0 0 rg BT 66.62 383.35 Td (rates ) Tj ET Q q 0 0 0 rg BT 91.41 383.35 Td (expected ) Tj ET Q q 0 0 0 rg BT 135.35 383.35 Td (to ) Tj ET Q q 0 0 0 rg BT 147.36 383.35 Td (apply ) Tj ET Q q 0 0 0 rg BT 175.99 383.35 Td (to ) Tj ET Q q 0 0 0 rg BT 188.01 383.35 Td (taxable ) Tj ET Q q 0 0 0 rg BT 224.29 383.35 Td (income ) Tj ET Q q 0 0 0 rg BT 261.21 383.35 Td (in ) Tj ET Q q 0 0 0 rg BT 273.23 383.35 Td (the ) Tj ET Q q 0 0 0 rg BT 290.35 383.35 Td (years ) Tj ET Q q 0 0 0 rg BT 317.69 383.35 Td (in ) Tj ET Q q 0 0 0 rg BT 329.71 383.35 Td (which ) Tj ET Q q 0 0 0 rg BT 360.89 383.35 Td (those ) Tj ET Q q 0 0 0 rg BT 388.24 383.35 Td (temporary ) Tj ET Q q 0 0 0 rg BT 438.57 383.35 Td (dif) Tj ET Q q 0 0 0 rg BT 451.14 383.35 Td (ferences ) Tj ET Q q 0 0 0 rg BT 492.52 383.35 Td (are ) Tj ET Q q 0 0 0 rg BT 509.63 383.35 Td (expected ) Tj ET Q q 0 0 0 rg BT 553.57 383.35 Td (to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 369.55 Td (be ) Tj ET Q q 0 0 0 rg BT 63.44 369.55 Td (recovered ) Tj ET Q q 0 0 0 rg BT 111.84 369.55 Td (or ) Tj ET Q q 0 0 0 rg BT 124.51 369.55 Td (settled. ) Tj ET Q q 0 0 0 rg BT 160.26 369.55 Td (The ) Tj ET Q q 0 0 0 rg BT 181.22 369.55 Td (ef) Tj ET Q q 0 0 0 rg BT 189.95 369.55 Td (fect ) Tj ET Q q 0 0 0 rg BT 210.26 369.55 Td (on ) Tj ET Q q 0 0 0 rg BT 224.84 369.55 Td (deferred ) Tj ET Q q 0 0 0 rg BT 266.23 369.55 Td (tax ) Tj ET Q q 0 0 0 rg BT 283.36 369.55 Td (assets ) Tj ET Q q 0 0 0 rg BT 313.27 369.55 Td (and ) Tj ET Q q 0 0 0 rg BT 332.96 369.55 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 378.84 369.55 Td (of ) Tj ET Q q 0 0 0 rg BT 391.50 369.55 Td (a ) Tj ET Q q 0 0 0 rg BT 399.69 369.55 Td (change ) Tj ET Q q 0 0 0 rg BT 435.33 369.55 Td (in ) Tj ET Q q 0 0 0 rg BT 447.36 369.55 Td (tax ) Tj ET Q q 0 0 0 rg BT 464.49 369.55 Td (rates ) Tj ET Q q 0 0 0 rg BT 489.28 369.55 Td (is ) Tj ET Q q 0 0 0 rg BT 500.04 369.55 Td (recognized ) Tj ET Q q 0 0 0 rg BT 553.56 369.55 Td (in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 355.75 Td (the ) Tj ET Q q 0 0 0 rg BT 66.41 355.75 Td (period ) Tj ET Q q 0 0 0 rg BT 98.65 355.75 Td (the ) Tj ET Q q 0 0 0 rg BT 115.56 355.75 Td (change ) Tj ET Q q 0 0 0 rg BT 150.98 355.75 Td (is ) Tj ET Q q 0 0 0 rg BT 161.51 355.75 Td (enacted. ) Tj ET Q q 0 0 0 rg BT 202.36 355.75 Td ( ) Tj ET Q q 0 0 0 rg BT 205.22 355.75 Td (Given ) Tj ET Q q 0 0 0 rg BT 236.18 355.75 Td (the ) Tj ET Q q 0 0 0 rg BT 253.09 355.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 303.21 355.75 Td (nature ) Tj ET Q q 0 0 0 rg BT 334.80 355.75 Td (of ) Tj ET Q q 0 0 0 rg BT 347.24 355.75 Td (the ) Tj ET Q q 0 0 0 rg BT 364.15 355.75 Td (Company) Tj ET Q q 0 0 0 rg BT 412.07 355.75 Td (s ) Tj ET Q q 0 0 0 rg BT 419.40 355.75 Td (business, ) Tj ET Q q 0 0 0 rg BT 464.11 355.75 Td (the ) Tj ET Q q 0 0 0 rg BT 481.02 355.75 Td (ef) Tj ET Q q 0 0 0 rg BT 489.75 355.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 509.84 355.75 Td (on ) Tj ET Q q 0 0 0 rg BT 524.20 355.75 Td (deferred ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 341.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 66.24 341.95 Td (assets ) Tj ET Q q 0 0 0 rg BT 95.76 341.95 Td (and ) Tj ET Q q 0 0 0 rg BT 115.05 341.95 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 160.54 341.95 Td (for ) Tj ET Q q 0 0 0 rg BT 176.64 341.95 Td (the ) Tj ET Q q 0 0 0 rg BT 193.38 341.95 Td (reduction ) Tj ET Q q 0 0 0 rg BT 239.49 341.95 Td (in ) Tj ET Q q 0 0 0 rg BT 251.13 341.95 Td (the ) Tj ET Q q 0 0 0 rg BT 267.87 341.95 Td (federal ) Tj ET Q q 0 0 0 rg BT 302.47 341.95 Td (corporate ) Tj ET Q q 0 0 0 rg BT 348.58 341.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 365.32 341.95 Td (rate ) Tj ET Q q 0 0 0 rg BT 385.24 341.95 Td (to ) Tj ET Q q 0 0 0 rg BT 396.87 341.95 Td (21%, ) Tj ET Q q 0 0 0 rg BT 423.52 341.95 Td (which ) Tj ET Q q 0 0 0 rg BT 454.31 341.95 Td (management ) Tj ET Q q 0 0 0 rg BT 515.75 341.95 Td (believes ) Tj ET Q q 0 0 0 rg BT 556.12 341.95 Td (it ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 328.15 Td (is ) Tj ET Q q 0 0 0 rg BT 59.54 328.15 Td (probable ) Tj ET Q q 0 0 0 rg BT 102.15 328.15 Td (that ) Tj ET Q q 0 0 0 rg BT 121.76 328.15 Td (a ) Tj ET Q q 0 0 0 rg BT 129.24 328.15 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 178.87 328.15 Td (agency ) Tj ET Q q 0 0 0 rg BT 213.80 328.15 Td (will ) Tj ET Q q 0 0 0 rg BT 234.07 328.15 Td (seek ) Tj ET Q q 0 0 0 rg BT 256.87 328.15 Td (to ) Tj ET Q q 0 0 0 rg BT 268.19 328.15 Td (recover ) Tj ET Q q 0 0 0 rg BT 305.03 328.15 Td (for ) Tj ET Q q 0 0 0 rg BT 320.81 328.15 Td (ratepayers, ) Tj ET Q q 0 0 0 rg BT 373.31 328.15 Td (has ) Tj ET Q q 0 0 0 rg BT 391.01 328.15 Td (been ) Tj ET Q q 0 0 0 rg BT 415.09 328.15 Td (recorded ) Tj ET Q q 0 0 0 rg BT 457.68 328.15 Td (as ) Tj ET Q q 0 0 0 rg BT 469.63 328.15 Td (a ) Tj ET Q q 0 0 0 rg BT 477.11 328.15 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 526.74 328.15 Td (liability ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 314.35 Td (as ) Tj ET Q q 0 0 0 rg BT 61.96 314.35 Td (of ) Tj ET Q q 0 0 0 rg BT 74.41 314.35 Td (December ) Tj ET Q q 0 0 0 rg BT 124.53 314.35 Td (31, ) Tj ET Q q 0 0 0 rg BT 141.78 314.35 Td (2017. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 290.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 290.55 Td (The ) Tj ET Q q 0 0 0 rg BT 105.42 290.55 Td (calculation ) Tj ET Q q 0 0 0 rg BT 157.90 290.55 Td (of ) Tj ET Q q 0 0 0 rg BT 169.52 290.55 Td (our ) Tj ET Q q 0 0 0 rg BT 186.88 290.55 Td (tax ) Tj ET Q q 0 0 0 rg BT 202.97 290.55 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 247.80 290.55 Td (involves ) Tj ET Q q 0 0 0 rg BT 288.81 290.55 Td (dealing ) Tj ET Q q 0 0 0 rg BT 324.69 290.55 Td (with ) Tj ET Q q 0 0 0 rg BT 347.18 290.55 Td (the ) Tj ET Q q 0 0 0 rg BT 363.26 290.55 Td (application ) Tj ET Q q 0 0 0 rg BT 416.39 290.55 Td (of ) Tj ET Q q 0 0 0 rg BT 428.01 290.55 Td (complex ) Tj ET Q q 0 0 0 rg BT 469.64 290.55 Td (laws ) Tj ET Q q 0 0 0 rg BT 492.76 290.55 Td (and ) Tj ET Q q 0 0 0 rg BT 511.40 290.55 Td (regulations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 276.75 Td (which ) Tj ET Q q 0 0 0 rg BT 81.96 276.75 Td (are ) Tj ET Q q 0 0 0 rg BT 100.36 276.75 Td (voluminous ) Tj ET Q q 0 0 0 rg BT 159.02 276.75 Td (and ) Tj ET Q q 0 0 0 rg BT 179.98 276.75 Td (often ) Tj ET Q q 0 0 0 rg BT 207.97 276.75 Td (ambiguous. ) Tj ET Q q 0 0 0 rg BT 265.67 276.75 Td (Interpretations ) Tj ET Q q 0 0 0 rg BT 337.09 276.75 Td (and ) Tj ET Q q 0 0 0 rg BT 358.05 276.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 403.91 276.75 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 463.85 276.75 Td (income ) Tj ET Q q 0 0 0 rg BT 502.05 276.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 520.46 276.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 545.89 276.75 Td (and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 262.95 Td (regulations ) Tj ET Q q 0 0 0 rg BT 103.23 262.95 Td (change ) Tj ET Q q 0 0 0 rg BT 138.43 262.95 Td (over ) Tj ET Q q 0 0 0 rg BT 161.49 262.95 Td (time. ) Tj ET Q q 0 0 0 rg BT 187.25 262.95 Td (T) Tj ET Q q 0 0 0 rg BT 193.47 262.95 Td (ax ) Tj ET Q q 0 0 0 rg BT 206.95 262.95 Td (positions ) Tj ET Q q 0 0 0 rg BT 251.12 262.95 Td (taken ) Tj ET Q q 0 0 0 rg BT 278.66 262.95 Td (by ) Tj ET Q q 0 0 0 rg BT 292.79 262.95 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 334.83 262.95 Td (W) Tj ET Q q 0 0 0 rg BT 344.76 262.95 Td (est ) Tj ET Q q 0 0 0 rg BT 360.17 262.95 Td (on ) Tj ET Q q 0 0 0 rg BT 374.30 262.95 Td (its ) Tj ET Q q 0 0 0 rg BT 387.80 262.95 Td (income ) Tj ET Q q 0 0 0 rg BT 424.28 262.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 440.96 262.95 Td (returns ) Tj ET Q q 0 0 0 rg BT 475.52 262.95 Td (that ) Tj ET Q q 0 0 0 rg BT 495.40 262.95 Td (are ) Tj ET Q q 0 0 0 rg BT 512.07 262.95 Td (recognized ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 249.15 Td (in ) Tj ET Q q 0 0 0 rg BT 61.54 249.15 Td (the ) Tj ET Q q 0 0 0 rg BT 78.69 249.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 122.02 249.15 Td (statements ) Tj ET Q q 0 0 0 rg BT 173.66 249.15 Td (must ) Tj ET Q q 0 0 0 rg BT 199.13 249.15 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 232.25 249.15 Td (a ) Tj ET Q q 0 0 0 rg BT 240.45 249.15 Td (more ) Tj ET Q q 0 0 0 rg BT 267.18 249.15 Td (likely ) Tj ET Q q 0 0 0 rg BT 296.47 249.15 Td (than ) Tj ET Q q 0 0 0 rg BT 319.37 249.15 Td (not ) Tj ET Q q 0 0 0 rg BT 337.16 249.15 Td (recognition ) Tj ET Q q 0 0 0 rg BT 392.63 249.15 Td (threshold, ) Tj ET Q q 0 0 0 rg BT 441.41 249.15 Td (assuming ) Tj ET Q q 0 0 0 rg BT 487.95 249.15 Td (that ) Tj ET Q q 0 0 0 rg BT 508.29 249.15 Td (the ) Tj ET Q q 0 0 0 rg BT 525.44 249.15 Td (position ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 235.35 Td (will ) Tj ET Q q 0 0 0 rg BT 69.21 235.35 Td (be ) Tj ET Q q 0 0 0 rg BT 81.88 235.35 Td (sustained ) Tj ET Q q 0 0 0 rg BT 126.49 235.35 Td (upon ) Tj ET Q q 0 0 0 rg BT 151.31 235.35 Td (examination ) Tj ET Q q 0 0 0 rg BT 209.97 235.35 Td (by ) Tj ET Q q 0 0 0 rg BT 223.28 235.35 Td (taxing ) Tj ET Q q 0 0 0 rg BT 253.84 235.35 Td (authorities ) Tj ET Q q 0 0 0 rg BT 304.20 235.35 Td (with ) Tj ET Q q 0 0 0 rg BT 326.46 235.35 Td (full ) Tj ET Q q 0 0 0 rg BT 344.25 235.35 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 396.52 235.35 Td (of ) Tj ET Q q 0 0 0 rg BT 407.92 235.35 Td (all ) Tj ET Q q 0 0 0 rg BT 421.23 235.35 Td (relevant ) Tj ET Q q 0 0 0 rg BT 460.07 235.35 Td (information, ) Tj ET Q q 0 0 0 rg BT 519.06 235.35 Td (including ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 221.55 Td (resolutions ) Tj ET Q q 0 0 0 rg BT 102.85 221.55 Td (of ) Tj ET Q q 0 0 0 rg BT 115.30 221.55 Td (any ) Tj ET Q q 0 0 0 rg BT 134.78 221.55 Td (related ) Tj ET Q q 0 0 0 rg BT 168.94 221.55 Td (appeals ) Tj ET Q q 0 0 0 rg BT 206.30 221.55 Td (or ) Tj ET Q q 0 0 0 rg BT 218.75 221.55 Td (litigation ) Tj ET Q q 0 0 0 rg BT 263.15 221.55 Td (processes, ) Tj ET Q q 0 0 0 rg BT 312.97 221.55 Td (on ) Tj ET Q q 0 0 0 rg BT 327.35 221.55 Td (the ) Tj ET Q q 0 0 0 rg BT 344.27 221.55 Td (basis ) Tj ET Q q 0 0 0 rg BT 370.15 221.55 Td (of ) Tj ET Q q 0 0 0 rg BT 382.60 221.55 Td (the ) Tj ET Q q 0 0 0 rg BT 399.53 221.55 Td (technical ) Tj ET Q q 0 0 0 rg BT 443.91 221.55 Td (merits.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 197.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 197.75 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 197.75 Td (e ) Tj ET Q q 0 0 0 rg BT 104.82 197.75 Td (record ) Tj ET Q q 0 0 0 rg BT 138.47 197.75 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 204.69 197.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 223.03 197.75 Td (benefits ) Tj ET Q q 0 0 0 rg BT 263.71 197.75 Td (for ) Tj ET Q q 0 0 0 rg BT 281.40 197.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.73 197.75 Td (positions ) Tj ET Q q 0 0 0 rg BT 345.55 197.75 Td (that ) Tj ET Q q 0 0 0 rg BT 367.08 197.75 Td (may ) Tj ET Q q 0 0 0 rg BT 391.16 197.75 Td (not ) Tj ET Q q 0 0 0 rg BT 410.14 197.75 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 444.45 197.75 Td (this ) Tj ET Q q 0 0 0 rg BT 465.34 197.75 Td (more ) Tj ET Q q 0 0 0 rg BT 493.26 197.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 523.73 197.75 Td (than ) Tj ET Q q 0 0 0 rg BT 547.81 197.75 Td (not ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 183.95 Td (recognition ) Tj ET Q q 0 0 0 rg BT 104.38 183.95 Td (threshold ) Tj ET Q q 0 0 0 rg BT 149.69 183.95 Td (as ) Tj ET Q q 0 0 0 rg BT 161.78 183.95 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 207.09 183.95 Td (in ) Tj ET Q q 0 0 0 rg BT 218.54 183.95 Td (accordance ) Tj ET Q q 0 0 0 rg BT 272.75 183.95 Td (with ) Tj ET Q q 0 0 0 rg BT 295.71 183.95 Td (generally ) Tj ET Q q 0 0 0 rg BT 341.00 183.95 Td (accepted ) Tj ET Q q 0 0 0 rg BT 383.72 183.95 Td (accounting ) Tj ET Q q 0 0 0 rg BT 436.68 183.95 Td (principles. ) Tj ET Q q 0 0 0 rg BT 487.42 183.95 Td ( ) Tj ET Q q 0 0 0 rg BT 489.74 183.95 Td (These ) Tj ET Q q 0 0 0 rg BT 519.71 183.95 Td (liabilities ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 170.15 Td (are ) Tj ET Q q 0 0 0 rg BT 65.62 170.15 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 106.03 170.15 Td (when ) Tj ET Q q 0 0 0 rg BT 133.03 170.15 Td (management ) Tj ET Q q 0 0 0 rg BT 193.87 170.15 Td (judgement ) Tj ET Q q 0 0 0 rg BT 244.49 170.15 Td (changes ) Tj ET Q q 0 0 0 rg BT 283.62 170.15 Td (as ) Tj ET Q q 0 0 0 rg BT 295.28 170.15 Td (a ) Tj ET Q q 0 0 0 rg BT 302.47 170.15 Td (result ) Tj ET Q q 0 0 0 rg BT 330.11 170.15 Td (of ) Tj ET Q q 0 0 0 rg BT 341.77 170.15 Td (the ) Tj ET Q q 0 0 0 rg BT 357.90 170.15 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 407.89 170.15 Td (of ) Tj ET Q q 0 0 0 rg BT 419.55 170.15 Td (new ) Tj ET Q q 0 0 0 rg BT 440.80 170.15 Td (information ) Tj ET Q q 0 0 0 rg BT 497.18 170.15 Td (not ) Tj ET Q q 0 0 0 rg BT 513.96 170.15 Td (previously ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 156.35 Td (available. ) Tj ET Q q 0 0 0 rg BT 96.06 156.35 Td (These ) Tj ET Q q 0 0 0 rg BT 125.88 156.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 165.27 156.35 Td (will ) Tj ET Q q 0 0 0 rg BT 185.52 156.35 Td (be ) Tj ET Q q 0 0 0 rg BT 198.73 156.35 Td (reflected ) Tj ET Q q 0 0 0 rg BT 241.30 156.35 Td (as ) Tj ET Q q 0 0 0 rg BT 253.24 156.35 Td (an ) Tj ET Q q 0 0 0 rg BT 266.45 156.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 306.47 156.35 Td (or ) Tj ET Q q 0 0 0 rg BT 318.41 156.35 Td (decrease ) Tj ET Q q 0 0 0 rg BT 360.34 156.35 Td (to ) Tj ET Q q 0 0 0 rg BT 371.64 156.35 Td (income ) Tj ET Q q 0 0 0 rg BT 407.85 156.35 Td (tax ) Tj ET Q q 0 0 0 rg BT 424.25 156.35 Td (expense ) Tj ET Q q 0 0 0 rg BT 463.65 156.35 Td (in ) Tj ET Q q 0 0 0 rg BT 474.95 156.35 Td (the ) Tj ET Q q 0 0 0 rg BT 491.35 156.35 Td (period ) Tj ET Q q 0 0 0 rg BT 523.09 156.35 Td (in ) Tj ET Q q 0 0 0 rg BT 534.39 156.35 Td (which ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 142.55 Td (new ) Tj ET Q q 0 0 0 rg BT 71.53 142.55 Td (information ) Tj ET Q q 0 0 0 rg BT 128.70 142.55 Td (is ) Tj ET Q q 0 0 0 rg BT 139.25 142.55 Td (available.) Tj ET Q endstream endobj 163 0 obj <>] /Rotate 0 /Contents 164 0 R>> endobj 164 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (77) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 214.70 734.75 Td (OTHER ) Tj ET Q q 0 0 0 rg BT 258.48 734.75 Td (ACCOUNTING MA) Tj ET Q q 0 0 0 rg BT 359.53 734.75 Td (TTERS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 700.95 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 700.95 Td (e adopted the following new accounting standards on January 1, 2018: ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 680.90 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 680.90 Td (ASU 2014-09: Revenue from Contracts with Customers, and related amendments) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 660.90 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 660.90 Td (ASU 2016-01: Financial Instruments, Recognition and Measurement) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 640.90 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 640.90 Td (ASU 2016-15: Statement of Cash Flows, Classification of Certain Cash Receipts and Cash Payments) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 620.90 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 620.90 Td (ASU 2016-18: Statement of Cash Flows, Restricted Cash) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 600.90 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 600.90 Td (ASU 2017-07: Compensation-Retirement Benefits, Improving the Presentation of Net Periodic Pension ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 580.85 Td (Cost and Net Periodic Postretirement Benefit Cost) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 560.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 560.85 Td (ASU 2017-01: Business Combinations, Clarifying the Definition of a Business) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 540.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 540.85 Td (ASU 2017-05: Other Income, Clarifying the Scope of ) Tj ET Q q 0 0 0 rg BT 334.94 540.85 Td (Asset Derecognition Guidance and ) Tj ET Q q 0 0 0 rg BT 497.82 540.85 Td (Accounting ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 520.85 Td (for Partial Sales of Nonfinancial ) Tj ET Q q 0 0 0 rg BT 236.56 520.85 Td (Assets) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 494.15 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 494.15 Td (e are currently evaluating the impacts of the pending adoption of the following new accounting standards:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 474.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 474.15 Td (ASU 2016-02: Leases, and related amendments, ef) Tj ET Q q 0 0 0 rg BT 319.06 474.15 Td (fective for us on January 1, 2019) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 454.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 454.15 Td (ASU 2017-12: Derivatives and Hedging, ) Tj ET Q q 0 0 0 rg BT 276.29 454.15 Td (T) Tj ET Q q 0 0 0 rg BT 282.51 454.15 Td (ar) Tj ET Q q 0 0 0 rg BT 291.24 454.15 Td (geted Improvements to ) Tj ET Q q 0 0 0 rg BT 399.51 454.15 Td (Accounting for Hedging ) Tj ET Q q 0 0 0 rg BT 514.17 454.15 Td (Activities, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 434.15 Td (ef) Tj ET Q q 0 0 0 rg BT 94.23 434.15 Td (fective for us on January 1, 2019) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 414.10 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 414.10 Td (ASU 2018-02: Income Statement-Reporting Comprehensive Income: Reclassification of Certain ) Tj ET Q q 0 0 0 rg BT 532.74 414.10 Td (T) Tj ET Q q 0 0 0 rg BT 538.96 414.10 Td (ax ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 394.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 96.15 394.10 Td (fects from ) Tj ET Q q 0 0 0 rg BT 145.33 394.10 Td (Accumulated Other Comprehensive Income) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 374.10 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 374.10 Td (ASU 2016-13: Financial Instruments, Measurement of Credit Losses, ef) Tj ET Q q 0 0 0 rg BT 416.82 374.10 Td (fective for us on January 1, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 354.10 Td (2020) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 334.95 Td (See Note 2 for additional information related to new accounting standards.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 224.25 279.75 Td (MARKET) Tj ET Q q 0 0 0 rg BT 275.79 279.75 Td ( ) Tj ET Q q 0 0 0 rg BT 278.03 279.75 Td (AND CREDIT) Tj ET Q q 0 0 0 rg BT 350.35 279.75 Td ( RISKS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 265.95 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 252.15 Td (Market Risks) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 224.55 Td (Our operations include managing market risks related to changes in interest rates, commodity prices ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.75 Td (and investments held by our nuclear decommissioning trust fund and benefit plan assets.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 196.95 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 183.15 Td (Inter) Tj ET Q q 0 0 0 rg BT 110.20 183.15 Td (est Rate and Equity Risk) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 155.55 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 155.55 Td (e have exposure to changing interest rates. Changing interest rates will af) Tj ET Q q 0 0 0 rg BT 434.69 155.55 Td (fect interest paid on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.75 Td (variable-rate debt and the market value of fixed income securities held by our nuclear decommissioning trust ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.95 Td (fund \(see Note 13 and Note 19\) and benefit plan assets. ) Tj ET Q q 0 0 0 rg BT 309.57 127.95 Td (The nuclear decommissioning trust fund and benefit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 114.15 Td (plan assets also have risks associated with the changing market value of their equity and other non-fixed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.35 Td (income investments. Nuclear decommissioning and benefit plan costs are recovered in regulated electricity ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.55 Td (prices.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 72.75 Td () Tj ET Q endstream endobj 165 0 obj <>] /Rotate 0 /Contents 166 0 R>> endobj 166 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (78) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 734.55 Td (The tables below present contractual balances of our consolidated long-term and short-term debt at the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (expected maturity dates, as well as the fair value of those instruments on December31, 2017 and 2016. ) Tj ET Q q 0 0 0 rg BT 530.25 720.75 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (interest rates presented in the tables below represent the weighted-average interest rates as of December31, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (2017 and 2016 \(dollars in millions\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 679.35 Td () Tj ET Q BT /F1 11.50 Tf ET 0 0 0 RG /GS0 gs 0.56 w 0 i [] 0 d 1 J 1 j 3 M 49.5 664.017041015625 m 186.66748046875 664.017041015625 l s q 0 0 0 rg BT 49.50 665.55 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.77 665.55 Td (W) Tj ET Q q 0 0 0 rg BT 101.70 665.55 Td (est Consolidated) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 599.05 99.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 149.00 599.05 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 599.05 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 599.05 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 599.05 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 599.05 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 599.05 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M 494 629.05 m 498 629.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 629.05 m 563 629.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 629.05 m 287 629.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 629.05 m 425 629.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 629.05 m 563 629.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 599.05 m 149 599.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153 599.05 m 218 599.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 599.05 m 287 599.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 599.05 m 356 599.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 599.05 m 425 599.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 599.05 m 494 599.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 599.05 m 563 599.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153 599.05 m 218 599.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 599.05 m 287 599.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 503.05 m 287 503.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 503.05 m 425 503.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 503.05 m 563 503.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 488.05 m 287 488.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 486.05 m 287 486.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 488.05 m 425 488.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 486.05 m 425 486.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 488.05 m 563 488.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 486.05 m 563 486.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 472.05 m 287 472.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 470.05 m 287 470.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 472.05 m 425 472.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 470.05 m 425 470.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 472.05 m 563 472.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 470.05 m 563 470.05 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 631.77 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 191.90 644.95 Td (Short-T) Tj ET Q q 0 0 0 rg BT 228.17 644.95 Td (erm) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 208.15 633.95 Td (Debt) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 324.70 644.95 Td (V) Tj ET Q q 0 0 0 rg BT 331.63 644.95 Td (ariable-Rate) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 318.10 633.95 Td (Long-T) Tj ET Q q 0 0 0 rg BT 352.54 633.95 Td (ermDebt) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 469.50 644.95 Td (Fixed-Rate) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 456.10 633.95 Td (Long-T) Tj ET Q q 0 0 0 rg BT 490.54 633.95 Td (ermDebt) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 616.77 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 166.75 618.95 Td (Inter) Tj ET Q q 0 0 0 rg BT 190.48 618.95 Td (est) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 254.00 618.95 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 304.75 618.95 Td (Inter) Tj ET Q q 0 0 0 rg BT 328.48 618.95 Td (est) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 392.00 618.95 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 442.75 618.95 Td (Inter) Tj ET Q q 0 0 0 rg BT 466.48 618.95 Td (est) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 530.00 618.95 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.00 603.73 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 171.85 603.95 Td (Rates) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 234.70 603.95 Td (Amount) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 309.85 603.95 Td (Rates) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 372.70 603.95 Td (Amount) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 447.85 603.95 Td (Rates) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.70 603.95 Td (Amount) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 588.08 Td (2018) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 187.75 588.08 Td (2.14) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 207.90 588.08 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 224.50 588.08 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 271.15 588.08 Td (95) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 325.75 588.08 Td (2.17) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.90 588.08 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 588.08 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 588.08 Td (50) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 588.08 Td (1.75) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 588.08 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.50 588.08 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 547.15 588.08 Td (32) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 572.08 Td (2019) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 196.40 572.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 271.15 572.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 325.75 572.08 Td (2.27) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.90 572.08 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.40 572.08 Td (100) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 572.08 Td (8.75) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 572.08 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 541.40 572.08 Td (500) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 556.08 Td (2020) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 196.40 556.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 271.15 556.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 334.40 556.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 556.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 556.08 Td (2.23) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 556.08 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 541.40 556.08 Td (550) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 540.08 Td (2021) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 196.40 540.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 271.15 540.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 334.40 540.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 540.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 472.40 540.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 547.15 540.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 524.08 Td (2022) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 196.40 524.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 271.15 524.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 334.40 524.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 524.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 472.40 524.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 547.15 524.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 508.58 Td (Y) Tj ET Q q 0 0 0 rg BT 60.23 508.58 Td (ears thereafter) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 196.40 508.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 271.15 508.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 325.75 508.08 Td (1.77) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.90 508.08 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 508.08 Td (36) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 508.08 Td (4.25) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 508.08 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.75 508.08 Td (3,640) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 492.58 Td (T) Tj ET Q q 0 0 0 rg BT 59.12 492.58 Td (otal) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 214.50 492.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 224.50 492.08 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 271.15 492.08 Td (95) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 492.08 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.40 492.08 Td (186) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 490.50 492.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.50 492.08 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.75 492.08 Td (4,722) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 476.58 Td (Fair value) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 214.50 476.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 224.50 476.08 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 271.15 476.08 Td (95) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 352.50 476.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 476.08 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.40 476.08 Td (186) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 490.50 476.08 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.50 476.08 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.75 476.08 Td (5,1) Tj ET Q q 0 0 0 rg BT 547.13 476.08 Td (19) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 457.75 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 391.25 103.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 391.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 391.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 391.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 391.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 391.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 391.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 391.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 391.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 391.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 391.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 391.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 359.25 103.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 359.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 359.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 359.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 359.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 359.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 359.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 359.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 359.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 359.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 359.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 359.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 327.25 103.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 327.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 327.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 327.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 327.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 327.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 327.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 327.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 327.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 327.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 327.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 327.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 295.25 103.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 295.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 295.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 295.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 295.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 295.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 295.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 295.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 295.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 295.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 295.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 295.25 65.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 421.25 m 222 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 421.25 m 226 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 421.25 m 291 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 421.25 m 356 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 421.25 m 360 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 421.25 m 425 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 421.25 m 494 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 421.25 m 498 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 421.25 m 563 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 421.25 m 291 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 421.25 m 425 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 421.25 m 563 421.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 391.25 m 153 391.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 391.25 m 222 391.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 391.25 m 291 391.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 391.25 m 356 391.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 391.25 m 425 391.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 391.25 m 494 391.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 391.25 m 563 391.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 391.25 m 153 391.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 391.25 m 222 391.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 391.25 m 291 391.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 295.25 m 291 295.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 295.25 m 425 295.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 295.25 m 563 295.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 280.25 m 291 280.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 278.25 m 291 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 280.25 m 425 280.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 278.25 m 425 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 280.25 m 563 280.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 278.25 m 563 278.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 264.25 m 291 264.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 262.25 m 291 262.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 264.25 m 425 264.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 262.25 m 425 262.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 264.25 m 563 264.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 262.25 m 563 262.25 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 423.97 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 195.90 437.15 Td (Short-T) Tj ET Q q 0 0 0 rg BT 232.17 437.15 Td (erm) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 212.15 426.15 Td (Debt) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 324.70 437.15 Td (V) Tj ET Q q 0 0 0 rg BT 331.63 437.15 Td (ariable-Rate) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 318.10 426.15 Td (Long-T) Tj ET Q q 0 0 0 rg BT 352.54 426.15 Td (ermDebt) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 469.50 437.15 Td (Fixed-Rate) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 456.10 426.15 Td (Long-T) Tj ET Q q 0 0 0 rg BT 490.54 426.15 Td (ermDebt) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 408.97 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 170.75 411.15 Td (Inter) Tj ET Q q 0 0 0 rg BT 194.48 411.15 Td (est) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 258.00 411.15 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 304.75 411.15 Td (Inter) Tj ET Q q 0 0 0 rg BT 328.48 411.15 Td (est) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 392.00 411.15 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 442.75 411.15 Td (Inter) Tj ET Q q 0 0 0 rg BT 466.48 411.15 Td (est) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 530.00 411.15 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.00 395.93 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 175.85 396.15 Td (Rates) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 238.70 396.15 Td (Amount) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 309.85 396.15 Td (Rates) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 372.70 396.15 Td (Amount) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 447.85 396.15 Td (Rates) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.70 396.15 Td (Amount) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 380.28 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 191.75 380.28 Td (1.01) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 211.90 380.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 228.50 380.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 269.40 380.28 Td (177) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 325.75 380.28 Td (1.52) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.90 380.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 380.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.40 380.28 Td (125) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 472.40 380.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 380.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.50 380.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 547.15 380.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 364.28 Td (2018) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 200.40 364.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 275.15 364.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 325.75 364.28 Td (1.37) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.90 364.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 364.28 Td (50) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 364.28 Td (1.75) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 364.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 547.15 364.28 Td (32) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 348.28 Td (2019) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 200.40 348.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 275.15 348.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 325.75 348.28 Td (1.46) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.90 348.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.40 348.28 Td (100) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 348.28 Td (8.75) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 348.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 541.40 348.28 Td (500) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 332.28 Td (2020) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 200.40 332.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 275.15 332.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 334.40 332.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 332.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 332.28 Td (2.20) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 332.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 541.40 332.28 Td (250) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 316.28 Td (2021) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 200.40 316.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 275.15 316.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 334.40 316.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 316.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 472.40 316.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 547.15 316.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 300.78 Td (Y) Tj ET Q q 0 0 0 rg BT 60.23 300.78 Td (ears thereafter) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 200.40 300.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 275.15 300.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 325.75 300.28 Td (0.81) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.90 300.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 300.28 Td (36) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 300.28 Td (4.37) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 300.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.75 300.28 Td (3,090) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 284.78 Td (T) Tj ET Q q 0 0 0 rg BT 59.12 284.78 Td (otal) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 218.50 284.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 228.50 284.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 269.40 284.28 Td (177) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 284.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.40 284.28 Td (31) Tj ET Q q 0 0 0 rg BT 414.90 284.28 Td (1) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 490.50 284.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.50 284.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.75 284.28 Td (3,872) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 268.78 Td (Fair value) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 218.50 268.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 228.50 268.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 269.40 268.28 Td (177) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 352.50 268.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 268.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.40 268.28 Td (31) Tj ET Q q 0 0 0 rg BT 414.90 268.28 Td (1) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 490.50 268.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.50 268.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.75 268.28 Td (4,1) Tj ET Q q 0 0 0 rg BT 547.13 268.28 Td (15) Tj ET Q BT /F1 11.50 Tf ET endstream endobj 167 0 obj <>] /Rotate 0 /Contents 168 0 R>> endobj 168 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (79) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 720.75 Td (The tables below present contractual balances of ) Tj ET Q q 0 0 0 rg BT 311.26 720.75 Td (APS) Tj ET Q q 0 0 0 rg BT 335.55 720.75 Td (s long-term and short-term debt at the expected ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (maturity dates, as well as the fair value of those instruments on December31, 2017 and 2016. ) Tj ET Q q 0 0 0 rg BT 486.51 706.95 Td (The interest ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td (rates presented in the tables below represent the weighted-average interest rates as of December31, 2017 and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (2016 \(dollars in millions\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 665.55 Td () Tj ET Q BT /F1 11.50 Tf ET 0 0 0 RG /GS0 gs 0.56 w 0 i [] 0 d 1 J 1 j 3 M 49.5 650.217041015625 m 148.5380859375 650.217041015625 l s q 0 0 0 rg BT 49.50 651.75 Td (APS Consolidated) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 585.25 237.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 585.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 585.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 585.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 585.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 585.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 585.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 585.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 585.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 553.25 237.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 553.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 553.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 553.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 553.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 553.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 553.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 553.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 553.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 521.25 237.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 521.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 521.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 521.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 521.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 521.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 521.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 521.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 521.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 489.25 237.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 489.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 489.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 489.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 489.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 489.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 489.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 489.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 489.25 65.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 615.25 m 356 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 615.25 m 360 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 615.25 m 425 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 615.25 m 494 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 615.25 m 498 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 615.25 m 563 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 615.25 m 425 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 615.25 m 563 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 585.25 m 287 585.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 585.25 m 356 585.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 585.25 m 425 585.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 585.25 m 494 585.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 585.25 m 563 585.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 489.25 m 425 489.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 489.25 m 563 489.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 474.25 m 425 474.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 472.25 m 425 472.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 474.25 m 563 474.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 472.25 m 563 472.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 458.25 m 425 458.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 456.25 m 425 456.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 458.25 m 563 458.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 456.25 m 563 456.25 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 617.97 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 324.70 631.15 Td (V) Tj ET Q q 0 0 0 rg BT 331.63 631.15 Td (ariable-Rate) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 318.10 620.15 Td (Long-T) Tj ET Q q 0 0 0 rg BT 352.54 620.15 Td (ermDebt) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 469.50 631.15 Td (Fixed-Rate) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 456.10 620.15 Td (Long-T) Tj ET Q q 0 0 0 rg BT 490.54 620.15 Td (ermDebt) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 602.97 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 304.75 605.15 Td (Inter) Tj ET Q q 0 0 0 rg BT 328.48 605.15 Td (est) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 392.00 605.15 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 442.75 605.15 Td (Inter) Tj ET Q q 0 0 0 rg BT 466.48 605.15 Td (est) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 530.00 605.15 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.00 589.93 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 309.85 590.15 Td (Rates) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 372.70 590.15 Td (Amount) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 447.85 590.15 Td (Rates) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.70 590.15 Td (Amount) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 574.28 Td (2018) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 325.75 574.28 Td (2.17) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.90 574.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 574.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 574.28 Td (50) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 574.28 Td (1.75) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 574.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.50 574.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 547.15 574.28 Td (32) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 558.28 Td (2019) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 325.75 558.28 Td (2.27) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.90 558.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.40 558.28 Td (100) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 558.28 Td (8.75) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 558.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 541.40 558.28 Td (500) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 542.28 Td (2020) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 334.40 542.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 542.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 542.28 Td (2.20) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 542.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 541.40 542.28 Td (250) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 526.28 Td (2021) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 334.40 526.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 526.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 472.40 526.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 547.15 526.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 510.28 Td (2022) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 334.40 510.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 510.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 472.40 510.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 547.15 510.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 494.78 Td (Y) Tj ET Q q 0 0 0 rg BT 60.23 494.78 Td (ears thereafter) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 325.75 494.28 Td (1.77) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.90 494.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 494.28 Td (36) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 494.28 Td (4.25) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 494.28 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.75 494.28 Td (3,640) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 478.78 Td (T) Tj ET Q q 0 0 0 rg BT 59.12 478.78 Td (otal) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 478.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.40 478.28 Td (186) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 490.50 478.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.50 478.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.75 478.28 Td (4,422) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 462.78 Td (Fair value) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 352.50 462.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 462.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.40 462.28 Td (186) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 490.50 462.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.50 462.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.75 462.28 Td (4,820) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 443.95 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 377.45 103.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 377.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 377.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 377.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 377.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 377.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 377.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 377.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 377.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 377.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 377.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 377.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 345.45 103.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 345.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 345.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 345.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 345.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 345.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 345.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 345.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 345.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 345.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 345.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 345.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 313.45 103.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 313.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 313.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 313.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 313.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 313.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 313.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 313.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 313.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 313.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 313.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 313.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 281.45 103.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 281.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 281.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 281.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.00 281.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 281.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 281.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 281.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 281.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 281.45 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 281.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 281.45 65.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 407.45000000000005 m 222 407.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 407.45000000000005 m 226 407.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 407.45000000000005 m 291 407.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 407.45000000000005 m 356 407.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 407.45000000000005 m 360 407.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 407.45000000000005 m 425 407.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 407.45000000000005 m 494 407.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 407.45000000000005 m 498 407.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 407.45000000000005 m 563 407.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 407.45000000000005 m 291 407.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 407.45000000000005 m 425 407.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 407.45000000000005 m 563 407.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 377.45000000000005 m 153 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 377.45000000000005 m 222 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 377.45000000000005 m 291 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 377.45000000000005 m 356 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 377.45000000000005 m 425 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 377.45000000000005 m 494 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 377.45000000000005 m 563 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 377.45000000000005 m 153 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 377.45000000000005 m 222 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 377.45000000000005 m 291 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 377.45000000000005 m 356 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 377.45000000000005 m 425 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 377.45000000000005 m 494 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 377.45000000000005 m 563 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 281.45000000000005 m 291 281.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 281.45000000000005 m 425 281.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 281.45000000000005 m 563 281.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 266.45000000000005 m 291 266.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 264.45000000000005 m 291 264.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 266.45000000000005 m 425 266.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 264.45000000000005 m 425 264.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 266.45000000000005 m 563 266.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 264.45000000000005 m 563 264.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 250.45000000000005 m 291 250.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 248.45000000000005 m 291 248.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 250.45000000000005 m 425 250.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 248.45000000000005 m 425 248.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 250.45000000000005 m 563 250.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 248.45000000000005 m 563 248.45000000000005 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 101.00 410.17 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 195.90 423.35 Td (Short-T) Tj ET Q q 0 0 0 rg BT 232.17 423.35 Td (erm) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 212.15 412.35 Td (Debt) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 324.70 423.35 Td (V) Tj ET Q q 0 0 0 rg BT 331.63 423.35 Td (ariable-Rate) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 318.10 412.35 Td (Long-T) Tj ET Q q 0 0 0 rg BT 352.54 412.35 Td (ermDebt) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 469.50 423.35 Td (Fixed-Rate) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 456.10 412.35 Td (Long-T) Tj ET Q q 0 0 0 rg BT 490.54 412.35 Td (ermDebt) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 395.17 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 170.75 397.35 Td (Inter) Tj ET Q q 0 0 0 rg BT 194.48 397.35 Td (est) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 258.00 397.35 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 304.75 397.35 Td (Inter) Tj ET Q q 0 0 0 rg BT 328.48 397.35 Td (est) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 392.00 397.35 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 442.75 397.35 Td (Inter) Tj ET Q q 0 0 0 rg BT 466.48 397.35 Td (est) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 530.00 397.35 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.00 382.13 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 175.85 382.35 Td (Rates) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 238.70 382.35 Td (Amount) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 309.85 382.35 Td (Rates) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 372.70 382.35 Td (Amount) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 447.85 382.35 Td (Rates) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.70 382.35 Td (Amount) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 366.48 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 191.75 366.48 Td (0.88) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 211.90 366.48 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 228.50 366.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 269.40 366.48 Td (135) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 334.40 366.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.90 366.48 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 366.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 366.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 472.40 366.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 366.48 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.50 366.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 547.15 366.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 350.48 Td (2018) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 200.40 350.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 275.15 350.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 325.75 350.48 Td (1.37) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.90 350.48 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 350.48 Td (50) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 350.48 Td (1.75) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 350.48 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 547.15 350.48 Td (32) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 334.48 Td (2019) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 200.40 334.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 275.15 334.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 325.75 334.48 Td (1.46) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.90 334.48 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.40 334.48 Td (100) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 334.48 Td (8.75) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 334.48 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 541.40 334.48 Td (500) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 318.48 Td (2020) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 200.40 318.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 275.15 318.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 334.40 318.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 318.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 318.48 Td (2.20) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 318.48 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 541.40 318.48 Td (250) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 302.48 Td (2021) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 200.40 302.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 275.15 302.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 334.40 302.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 302.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 472.40 302.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 547.15 302.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 286.98 Td (Y) Tj ET Q q 0 0 0 rg BT 60.23 286.98 Td (ears thereafter) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 200.40 286.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 275.15 286.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 325.75 286.48 Td (0.81) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.90 286.48 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.15 286.48 Td (36) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.75 286.48 Td (4.37) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 286.48 Td (%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.75 286.48 Td (3,090) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 270.98 Td (T) Tj ET Q q 0 0 0 rg BT 59.12 270.98 Td (otal) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 218.50 270.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 228.50 270.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 269.40 270.48 Td (135) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 270.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.40 270.48 Td (186) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.50 270.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.75 270.48 Td (3,872) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 254.98 Td (Fair value) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 218.50 254.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 228.50 254.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 269.40 254.48 Td (135) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 352.50 254.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 254.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.40 254.48 Td (186) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 490.50 254.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.50 254.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.75 254.48 Td (4,1) Tj ET Q q 0 0 0 rg BT 547.13 254.48 Td (15) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 236.15 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 222.35 Td (Commodity Price Risk) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 208.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 194.75 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 194.75 Td (e are exposed to the impact of market fluctuations in the commodity price and transportation costs of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 180.95 Td (electricity and natural gas. Our risk management committee, consisting of of) Tj ET Q q 0 0 0 rg BT 404.74 180.95 Td (ficers and key management ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 167.15 Td (personnel, oversees company-wide ener) Tj ET Q q 0 0 0 rg BT 233.22 167.15 Td (gy risk management activities to ensure compliance with our stated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 153.35 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 153.35 Td (gy risk management policies. ) Tj ET Q q 0 0 0 rg BT 209.40 153.35 Td (W) Tj ET Q q 0 0 0 rg BT 219.33 153.35 Td (e manage risks associated with these market fluctuations by utilizing ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 139.55 Td (various commodity instruments that may qualify as derivatives, including futures, forwards, options and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 125.75 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 85.60 125.75 Td (As part of our risk management program, we use such instruments to hedge purchases and sales of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 111.95 Td (electricity and fuels. ) Tj ET Q q 0 0 0 rg BT 148.60 111.95 Td (The changes in market value of such contracts have a high correlation to price changes in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 98.15 Td (the hedged commodities.) Tj ET Q endstream endobj 169 0 obj <>] /Rotate 0 /Contents 170 0 R>> endobj 170 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (80) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 734.55 Td (The following table shows the net pretax changes in mark-to-market of our derivative positions in 2017 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.75 Td (and 2016 \(dollars in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 695.25 378.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 695.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 695.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 695.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 663.25 378.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 663.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 663.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 663.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 631.25 378.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 631.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 631.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 631.25 65.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 695.25 m 493 695.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 695.25 m 562 695.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 695.25 m 493 695.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 695.25 m 562 695.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 615.25 m 493 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 615.25 m 562 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 615.25 m 493 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 600.25 m 493 600.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 598.25 m 493 598.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 615.25 m 562 615.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 600.25 m 562 600.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 598.25 m 562 598.25 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 697.97 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 449.00 700.15 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 518.00 700.15 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 684.78 Td (Mark-to-market of net positions at beginning of year) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 684.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 473.30 684.33 Td (\(49) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 684.28 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 684.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 536.55 684.33 Td (\(154) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 684.28 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 668.78 Td (Decrease \(Increase\) in regulatory asset) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 473.30 668.33 Td (\(46) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 668.28 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 540.40 668.28 Td (101) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 652.78 Td (Recognized in OCI:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 636.78 Td (Mark-to-market losses realized during the period) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 482.90 636.28 Td (4) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 551.90 636.28 Td (4) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 620.78 Td (Change in valuation techniques) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.15 620.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.15 620.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 604.78 Td (Mark-to-market of net positions at end of year) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 604.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 473.30 604.33 Td (\(91) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.65 604.28 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 604.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 542.30 604.33 Td (\(49) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 604.28 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 566.15 Td (The table below shows the fair value of maturities of our derivative contracts \(dollars in millions\) at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 552.35 Td (December31, 2017 by maturities and by the type of valuation that is performed to calculate the fair values, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 538.55 Td (classified in their entirety based on the lowest level of input that is significant to the fair value measurement. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 524.75 Td (See Note 1, Derivative ) Tj ET Q q 0 0 0 rg BT 161.59 524.75 Td (Accounting and Fair ) Tj ET Q q 0 0 0 rg BT 269.00 524.75 Td (V) Tj ET Q q 0 0 0 rg BT 276.03 524.75 Td (alue Measurements, for more discussion of our valuation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 510.95 Td (methods.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 463.45 229.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 463.45 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 463.45 50.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 463.45 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 463.45 50.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 463.45 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 463.45 50.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 463.45 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 463.45 51.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 463.45 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 463.45 63.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 409.45 229.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 409.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 409.45 50.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 409.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 409.45 50.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 409.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 409.45 50.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 409.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 409.45 51.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 409.45 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 409.45 63.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 463.45 m 279 463.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 463.45 m 333 463.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 463.45 m 387 463.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 463.45 m 441 463.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 463.45 m 496 463.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 463.45 m 563 463.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 463.45 m 333 463.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 463.45 m 387 463.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 463.45 m 441 463.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 463.45 m 496 463.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 409.45 m 333 409.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 409.45 m 387 409.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 409.45 m 441 409.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 409.45 m 496 409.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 409.45 m 333 409.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 394.45 m 333 394.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 392.45 m 333 392.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 409.45 m 387 409.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 394.45 m 387 394.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 392.45 m 387 392.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 409.45 m 441 409.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 394.45 m 441 394.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 392.45 m 441 392.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 409.45 m 496 409.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 394.45 m 496 394.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 392.45 m 496 392.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 409.45 m 563 409.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 394.45 m 563 394.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 392.45 m 563 392.45 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.50 468.35 Td (Sour) Tj ET Q q 0 0 0 rg BT 74.92 468.35 Td (ceofFair) Tj ET Q q 0 0 0 rg BT 119.31 468.35 Td () Tj ET Q q 0 0 0 rg BT 121.86 468.35 Td (V) Tj ET Q q 0 0 0 rg BT 128.79 468.35 Td (alue) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 296.50 468.35 Td (2018) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 350.50 468.35 Td (2019) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 404.50 468.35 Td (2020) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 459.00 468.35 Td (2021) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 518.95 490.35 Td (T) Tj ET Q q 0 0 0 rg BT 525.28 490.35 Td (otal) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 522.50 479.35 Td (fair) Tj ET Q q 0 0 0 rg BT 539.40 479.35 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 518.45 468.35 Td (value) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 452.98 Td (Observable prices provided by other external) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 441.48 Td (sources) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 285.50 441.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 313.30 441.53 Td (\(49) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 328.65 441.48 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 339.50 441.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 367.30 441.53 Td (\(23) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 382.65 441.48 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 393.50 441.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 427.05 441.53 Td (\(1) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 436.65 441.48 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 447.50 441.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 482.05 441.53 Td (\(1) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 491.65 441.48 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 502.50 441.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 543.30 441.53 Td (\(74) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.65 441.48 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 414.48 Td (Prices based on unobservable inputs) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 319.05 414.53 Td (\(5) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 328.65 414.48 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 373.05 414.53 Td (\(8) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 382.65 414.48 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 427.05 414.53 Td (\(4) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 436.65 414.48 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 480.15 414.48 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 543.30 414.53 Td (\(17) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.65 414.48 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 398.48 Td (T) Tj ET Q q 0 0 0 rg BT 58.72 398.48 Td (otal by maturity) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 285.50 398.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 313.30 398.53 Td (\(54) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 328.65 398.48 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 339.50 398.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 367.30 398.53 Td (\(31) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 382.65 398.48 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 393.50 398.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 427.05 398.53 Td (\(5) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 436.65 398.48 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 447.50 398.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 482.05 398.53 Td (\(1) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 491.65 398.48 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 502.50 398.48 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 543.30 398.53 Td (\(91) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.65 398.48 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 354.35 Td (The table below shows the impact that hypothetical price movements of 10% would have on the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 340.55 Td (market value of our risk management assets and liabilities included on Pinnacle ) Tj ET Q q 0 0 0 rg BT 418.48 340.55 Td (W) Tj ET Q q 0 0 0 rg BT 428.41 340.55 Td (est) Tj ET Q q 0 0 0 rg BT 444.38 340.55 Td (s Consolidated Balance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 326.75 Td (Sheets at December31, 2017 and 2016 \(dollars in millions\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 264.25 240.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 264.25 66.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 264.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 264.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 264.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 264.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 264.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 264.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 232.25 240.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 232.25 66.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 232.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 232.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 232.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 232.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 232.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 232.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 200.25 240.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 200.25 66.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 200.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 200.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 200.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 200.25 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 200.25 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 200.25 65.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 290.25 m 356 290.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 290.25 m 360 290.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 290.25 m 425 290.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 290.25 m 494 290.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 290.25 m 498 290.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 290.25 m 563 290.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 264.25 m 356 264.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 290.25 m 425 290.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 264.25 m 425 264.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 264.25 m 494 264.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 290.25 m 563 290.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 264.25 m 563 264.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 200.25 m 356 200.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 200.25 m 425 200.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 200.25 m 494 200.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 200.25 m 563 200.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 200.25 m 356 200.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 185.25 m 356 185.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 183.25 m 356 183.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 200.25 m 425 200.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 185.25 m 425 185.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 183.25 m 425 183.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 200.25 m 494 200.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 185.25 m 494 185.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 183.25 m 494 183.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 200.25 m 563 200.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 185.25 m 563 185.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 183.25 m 563 183.25 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 292.97 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 312.65 306.15 Td (December) Tj ET Q q 0 0 0 rg BT 360.09 306.15 Td (31,2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 329.60 295.15 Td (Gain\(Loss\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 451.15 306.15 Td (December) Tj ET Q q 0 0 0 rg BT 498.59 306.15 Td (31,2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 468.10 295.15 Td (Gain\(Loss\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 266.97 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 301.85 280.15 Td (PriceUp) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 311.50 269.15 Td (10%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 364.65 280.15 Td (PriceDown) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 381.00 269.15 Td (10%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 440.35 280.15 Td (PriceUp) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 450.00 269.15 Td (10%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 502.65 280.15 Td (PriceDown) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 519.00 269.15 Td (10%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 253.78 Td (Mark-to-marketchanges reportedin:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 352.50 253.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 421.50 253.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 490.50 253.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 559.50 253.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 237.78 Td (Regulatory asset \(liability\) or OCI \(a\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 352.50 237.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 421.50 237.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 490.50 237.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 559.50 237.28 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 70.50 221.78 Td (Electricity) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 292.50 221.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.90 221.28 Td (1) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 221.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 411.05 221.33 Td (\(1) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 420.65 221.28 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 431.50 221.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.90 221.28 Td (2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.50 221.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 549.05 221.33 Td (\(2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.65 221.28 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 70.50 205.78 Td (Natural gas) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 340.15 205.28 Td (45) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 405.30 205.33 Td (\(45) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 420.65 205.28 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 478.15 205.28 Td (46) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 543.30 205.33 Td (\(46) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.65 205.28 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 189.78 Td (T) Tj ET Q q 0 0 0 rg BT 58.72 189.78 Td (otal) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 292.50 189.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 340.15 189.28 Td (46) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.50 189.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 405.30 189.33 Td (\(46) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 420.65 189.28 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 431.50 189.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 478.15 189.28 Td (48) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.50 189.28 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 543.30 189.33 Td (\(48) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.65 189.28 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 157.15 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 157.15 Td (These contracts are economic hedges of our forecasted purchases of natural gas and electricity) Tj ET Q q 0 0 0 rg BT 536.69 157.15 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 143.35 Td (The impact of these hypothetical price movements would substantially of) Tj ET Q q 0 0 0 rg BT 440.87 143.35 Td (fset the impact that these ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 129.55 Td (same price movements would have on the physical exposures being hedged. ) Tj ET Q q 0 0 0 rg BT 459.38 129.55 Td (T) Tj ET Q q 0 0 0 rg BT 465.61 129.55 Td (o the extent the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 115.75 Td (amounts are eligible for inclusion in the PSA, the amounts are recorded as either a regulatory asset ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 101.95 Td (or liability) Tj ET Q q 0 0 0 rg BT 150.98 101.95 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 88.15 Td () Tj ET Q endstream endobj 171 0 obj <>] /Rotate 0 /Contents 172 0 R>> endobj 172 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (81) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 734.75 Td (Cr) Tj ET Q q 0 0 0 rg BT 62.70 734.75 Td (edit Risk) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 707.15 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 707.15 Td (e are exposed to losses in the event of non-performance or non-payment by counterparties. See Note ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td (16 for a discussion of our credit valuation adjustment policy) Tj ET Q q 0 0 0 rg BT 325.66 693.35 Td (.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 178.60 656.75 Td (ITEM 7A. QUANTIT) Tj ET Q q 0 0 0 rg BT 287.65 656.75 Td (A) Tj ET Q q 0 0 0 rg BT 295.10 656.75 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 325.46 656.75 Td (AND QUALIT) Tj ET Q q 0 0 0 rg BT 397.77 656.75 Td (A) Tj ET Q q 0 0 0 rg BT 405.22 656.75 Td (TIVE) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 201.20 642.95 Td (DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 284.61 642.95 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 325.30 642.95 Td ( MARKET) Tj ET Q q 0 0 0 rg BT 379.72 642.95 Td ( RISK) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 629.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 615.35 Td (See Market and Credit Risks in Item 7 above for a discussion of quantitative and qualitative ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 601.55 Td (disclosures about market risks.) Tj ET Q endstream endobj 173 0 obj <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 174 0 R>> endobj 174 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (82) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 127.35 734.75 Td (ITEM 8. FINANCIAL) Tj ET Q q 0 0 0 rg BT 239.81 734.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 255.90 734.75 Td (A) Tj ET Q q 0 0 0 rg BT 263.35 734.75 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 321.83 734.75 Td (AND SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 427.36 734.75 Td (AR) Tj ET Q q 0 0 0 rg BT 443.56 734.75 Td (Y) Tj ET Q q 0 0 0 rg BT 451.44 734.75 Td ( DA) Tj ET Q q 0 0 0 rg BT 470.07 734.75 Td (T) Tj ET Q q 0 0 0 rg BT 476.89 734.75 Td (A) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 720.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 195.70 707.15 Td (INDEX ) Tj ET Q q 0 0 0 rg BT 234.14 707.15 Td (T) Tj ET Q q 0 0 0 rg BT 240.95 707.15 Td (O FINANCIAL) Tj ET Q q 0 0 0 rg BT 313.68 707.15 Td ( ST) Tj ET Q q 0 0 0 rg BT 329.05 707.15 Td (A) Tj ET Q q 0 0 0 rg BT 336.08 707.15 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 391.35 707.15 Td (AND) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 206.15 693.35 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 267.69 693.35 Td ( ST) Tj ET Q q 0 0 0 rg BT 283.07 693.35 Td (A) Tj ET Q q 0 0 0 rg BT 290.10 693.35 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 336.52 693.35 Td ( SCHEDULES) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 679.55 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522 657.05 m 562 657.05 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 659.77 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.25 661.13 Td (Page) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 647.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 647.62 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 632.2833984375 m 470.5810546875 632.2833984375 l s q 0 0 1 rg BT 52.50 633.62 Td (Management) Tj ET Q q 0 0 1 rg BT 107.48 633.62 Td (s Report on Internal Control over Financial Reporting \(Pinnacle ) Tj ET Q q 0 0 1 rg BT 365.30 633.62 Td (W) Tj ET Q q 0 0 1 rg BT 373.94 633.62 Td (est Capital Corporation\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 618.2833984375 m 286.3427734375 618.2833984375 l s q 0 0 1 rg BT 52.50 619.62 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 1 rg BT 217.74 619.62 Td (Accounting Firm) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 604.2833984375 m 335.068359375 604.2833984375 l s q 0 0 1 rg BT 52.50 605.62 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 89.25 605.62 Td (W) Tj ET Q q 0 0 1 rg BT 97.89 605.62 Td (est Consolidated Statements of Income for 2017, 2016 and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 335.068359375 604.2833984375 m 355.068359375 604.2833984375 l s q 0 0 1 rg BT 335.07 605.62 Td (2015) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 590.2833984375 m 417.83203125 590.2833984375 l s q 0 0 1 rg BT 52.50 591.62 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 89.25 591.62 Td (W) Tj ET Q q 0 0 1 rg BT 97.89 591.62 Td (est Consolidated Statements of Comprehensive Income for 2017, 2016, and 201) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 417.83203125 590.2833984375 m 422.83203125 590.2833984375 l s q 0 0 1 rg BT 417.83 591.62 Td (5) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 576.2833984375 m 364.765625 576.2833984375 l s q 0 0 1 rg BT 52.50 577.62 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 89.25 577.62 Td (W) Tj ET Q q 0 0 1 rg BT 97.89 577.62 Td (est Consolidated Balance Sheets as of December31, 2017 and 201) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 364.765625 576.2833984375 m 369.765625 576.2833984375 l s q 0 0 1 rg BT 364.77 577.62 Td (6) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 562.2833984375 m 367.0361328125 562.2833984375 l s q 0 0 1 rg BT 52.50 563.62 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 89.25 563.62 Td (W) Tj ET Q q 0 0 1 rg BT 97.89 563.62 Td (est Consolidated Statements of Cash Flows for 2017, 2016 and 201) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 367.0361328125 562.2833984375 m 372.0361328125 562.2833984375 l s q 0 0 1 rg BT 367.04 563.62 Td (5) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 548.2833984375 m 393.96484375 548.2833984375 l s q 0 0 1 rg BT 52.50 549.62 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 89.25 549.62 Td (W) Tj ET Q q 0 0 1 rg BT 97.89 549.62 Td (est Consolidated Statements of Changes in Equity for 2017, 2016 and 201) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 393.96484375 548.2833984375 m 398.96484375 548.2833984375 l s q 0 0 1 rg BT 393.96 549.62 Td (5) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 52.50 535.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 535.62 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 520.2833984375 m 466.0107421875 520.2833984375 l s q 0 0 1 rg BT 52.50 521.62 Td (Management) Tj ET Q q 0 0 1 rg BT 107.48 521.62 Td (s Report on Internal Control over Financial Reporting \(Arizona Public Service Company\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 506.28339843749995 m 286.3427734375 506.28339843749995 l s q 0 0 1 rg BT 52.50 507.62 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 1 rg BT 217.74 507.62 Td (Accounting Firm) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 492.28339843749995 m 311.9140625 492.28339843749995 l s q 0 0 1 rg BT 52.50 493.62 Td (APS Consolidated Statements of Income for 2017, 2016 and 201) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 311.9140625 492.28339843749995 m 316.9140625 492.28339843749995 l s q 0 0 1 rg BT 311.91 493.62 Td (5) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 478.28339843749995 m 377.177734375 478.28339843749995 l s q 0 0 1 rg BT 52.50 479.62 Td (APS Consolidated Statements of Comprehensive Income for 2017, 2016 and 201) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 377.177734375 478.28339843749995 m 382.177734375 478.28339843749995 l s q 0 0 1 rg BT 377.18 479.62 Td (5) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 464.28339843749995 m 326.611328125 464.28339843749995 l s q 0 0 1 rg BT 52.50 465.62 Td (APS Consolidated Balance Sheets as of December31, 2017 and 201) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 326.611328125 464.28339843749995 m 331.611328125 464.28339843749995 l s q 0 0 1 rg BT 326.61 465.62 Td (6) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 450.28339843749995 m 328.8818359375 450.28339843749995 l s q 0 0 1 rg BT 52.50 451.62 Td (APS Consolidated Statements of Cash Flows for 2017, 2016 and 201) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 328.8818359375 450.28339843749995 m 333.8818359375 450.28339843749995 l s q 0 0 1 rg BT 328.88 451.62 Td (5) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 436.28339843749995 m 355.810546875 436.28339843749995 l s q 0 0 1 rg BT 52.50 437.62 Td (APS Consolidated Statements of Changes in Equity for 2017, 2016 and 201) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 355.810546875 436.28339843749995 m 360.810546875 436.28339843749995 l s q 0 0 1 rg BT 355.81 437.62 Td (5) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 408.28339843749995 m 271.640625 408.28339843749995 l s q 0 0 1 rg BT 52.50 409.62 Td (Combined Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 394.28339843749995 m 275.3056640625 394.28339843749995 l s q 0 0 1 rg BT 64.50 395.62 Td (Note 1. Summary of Significant ) Tj ET Q q 0 0 1 rg BT 194.49 395.62 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 380.28339843749995 m 205.8623046875 380.28339843749995 l s q 0 0 1 rg BT 64.50 381.62 Td (Note 2. New ) Tj ET Q q 0 0 1 rg BT 117.27 381.62 Td (Accounting Standards) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 366.28339843749995 m 173.9189453125 366.28339843749995 l s q 0 0 1 rg BT 64.50 367.62 Td (Note 3. Regulatory Matters) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 352.28339843749995 m 151.921875 352.28339843749995 l s q 0 0 1 rg BT 64.50 353.62 Td (Note 4. Income ) Tj ET Q q 0 0 1 rg BT 128.74 353.62 Td (T) Tj ET Q q 0 0 1 rg BT 134.15 353.62 Td (axes) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 338.28339843749995 m 272.09765625 338.28339843749995 l s q 0 0 1 rg BT 64.50 339.62 Td (Note 5. Lines of Credit and Short-T) Tj ET Q q 0 0 1 rg BT 206.83 339.62 Td (erm Borrowings) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 324.28339843749995 m 253.4794921875 324.28339843749995 l s q 0 0 1 rg BT 64.50 325.62 Td (Note 6. Long-T) Tj ET Q q 0 0 1 rg BT 126.29 325.62 Td (erm Debt and Liquidity Matters) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 310.28339843749995 m 303.8896484375 310.28339843749995 l s q 0 0 1 rg BT 64.50 311.62 Td (Note 7. Retirement Plans and Other Postretirement Benefits) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 296.28339843749995 m 123.6455078125 296.28339843749995 l s q 0 0 1 rg BT 64.50 297.62 Td (Note 8. Leases) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 282.28339843749995 m 195.037109375 282.28339843749995 l s q 0 0 1 rg BT 64.50 283.62 Td (Note 9. Jointly-Owned Facilities) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 268.28339843749995 m 234.7587890625 268.28339843749995 l s q 0 0 1 rg BT 64.50 269.62 Td (Note 10. Commitments and Contingencies) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 254.28339843749995 m 218.8310546875 254.28339843749995 l s q 0 0 1 rg BT 64.50 255.62 Td (Note 1) Tj ET Q q 0 0 1 rg BT 91.07 255.62 Td (1. ) Tj ET Q q 0 0 1 rg BT 100.52 255.62 Td (Asset Retirement Obligations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 240.28339843749995 m 288.0302734375 240.28339843749995 l s q 0 0 1 rg BT 64.50 241.62 Td (Note 12. Selected Quarterly Financial Data \(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 226.28339843749995 m 203.4501953125 226.28339843749995 l s q 0 0 1 rg BT 64.50 227.62 Td (Note 13. Fair ) Tj ET Q q 0 0 1 rg BT 119.87 227.62 Td (V) Tj ET Q q 0 0 1 rg BT 125.98 227.62 Td (alue Measurements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 212.28339843749995 m 178.083984375 212.28339843749995 l s q 0 0 1 rg BT 64.50 213.62 Td (Note 14. Earnings Per Share) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 198.28339843749995 m 212.2587890625 198.28339843749995 l s q 0 0 1 rg BT 64.50 199.62 Td (Note 15. Stock-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 184.28339843749995 m 192.244140625 184.28339843749995 l s q 0 0 1 rg BT 64.50 185.62 Td (Note 16. Derivative ) Tj ET Q q 0 0 1 rg BT 145.59 185.62 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 170.28339843749995 m 235.2763671875 170.28339843749995 l s q 0 0 1 rg BT 64.50 171.62 Td (Note 17. Other Income and Other Expense) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 156.28339843749995 m 310.4375 156.28339843749995 l s q 0 0 1 rg BT 64.50 157.62 Td (Note 18. Palo ) Tj ET Q q 0 0 1 rg BT 121.54 157.62 Td (V) Tj ET Q q 0 0 1 rg BT 127.65 157.62 Td (erde Sale Leaseback ) Tj ET Q q 0 0 1 rg BT 211.58 157.62 Td (V) Tj ET Q q 0 0 1 rg BT 217.70 157.62 Td (ariable Interest Entities) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 142.28339843749995 m 149.763671875 142.28339843749995 l s q 0 0 1 rg BT 64.50 143.62 Td (Note 19. Investments) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 64.5 128.28339843749995 m 313.337890625 128.28339843749995 l s q 0 0 1 rg BT 64.50 129.62 Td (Note 20. Changes in ) Tj ET Q q 0 0 1 rg BT 148.10 129.62 Td (Accumulated Other Comprehensive Loss) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 121.86 Td () Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 97.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 83.95 Td (See Note 12 for the selected quarterly financial data \(unaudited\) required to be presented in this Item.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 632.2833984375 m 558.5 632.2833984375 l s q 0 0 1 rg BT 548.50 633.62 Td (83) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 618.2833984375 m 558.5 618.2833984375 l s q 0 0 1 rg BT 548.50 619.62 Td (84) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 604.2833984375 m 558.5 604.2833984375 l s q 0 0 1 rg BT 548.50 605.62 Td (86) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 590.2833984375 m 558.5 590.2833984375 l s q 0 0 1 rg BT 548.50 591.62 Td (87) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 576.2833984375 m 558.5 576.2833984375 l s q 0 0 1 rg BT 548.50 577.62 Td (88) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 562.2833984375 m 558.5 562.2833984375 l s q 0 0 1 rg BT 548.50 563.62 Td (90) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 548.2833984375 m 558.5 548.2833984375 l s q 0 0 1 rg BT 548.50 549.62 Td (91) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 520.2833984375 m 558.5 520.2833984375 l s q 0 0 1 rg BT 548.50 521.62 Td (92) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 506.28339843749995 m 558.5 506.28339843749995 l s q 0 0 1 rg BT 548.50 507.62 Td (93) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 492.28339843749995 m 558.5 492.28339843749995 l s q 0 0 1 rg BT 548.50 493.62 Td (95) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 478.28339843749995 m 558.5 478.28339843749995 l s q 0 0 1 rg BT 548.50 479.62 Td (96) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 464.28339843749995 m 558.5 464.28339843749995 l s q 0 0 1 rg BT 548.50 465.62 Td (97) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 450.28339843749995 m 558.5 450.28339843749995 l s q 0 0 1 rg BT 548.50 451.62 Td (99) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 436.28339843749995 m 558.5 436.28339843749995 l s q 0 0 1 rg BT 543.50 437.62 Td (100) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 408.28339843749995 m 558.5 408.28339843749995 l s q 0 0 1 rg BT 543.50 409.62 Td (101) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 394.28339843749995 m 558.5 394.28339843749995 l s q 0 0 1 rg BT 543.50 395.62 Td (101) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 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282.28339843749995 l s q 0 0 1 rg BT 543.50 283.62 Td (143) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 268.28339843749995 m 558.5 268.28339843749995 l s q 0 0 1 rg BT 543.50 269.62 Td (144) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 254.28339843749995 m 558.5 254.28339843749995 l s q 0 0 1 rg BT 543.50 255.62 Td (152) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 240.28339843749995 m 558.5 240.28339843749995 l s q 0 0 1 rg BT 543.50 241.62 Td (153) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 543.5 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R>> endobj 176 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (83) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 160.60 734.75 Td (MANAGEMENTS REPOR) Tj ET Q q 0 0 0 rg BT 300.43 734.75 Td (T) Tj ET Q q 0 0 0 rg BT 307.90 734.75 Td ( ON INTERNAL) Tj ET Q q 0 0 0 rg BT 390.97 734.75 Td ( CONTROL) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 219.60 720.95 Td (OVER FINANCIAL) Tj ET Q q 0 0 0 rg BT 320.24 720.95 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 362.96 720.95 Td (TING) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 182.90 707.15 Td (\(PINNACLE ) Tj ET Q q 0 0 0 rg BT 249.46 707.15 Td (WEST) Tj ET Q q 0 0 0 rg BT 282.49 707.15 Td ( CAPIT) Tj ET Q q 0 0 0 rg BT 320.29 707.15 Td (AL) Tj ET Q q 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Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.95 Td (February23, 2018) Tj ET Q endstream endobj 177 0 obj <>] /Rotate 0 /Contents 178 0 R>> endobj 178 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (84) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 734.75 Td (REPOR) Tj ET Q q 0 0 0 rg BT 89.35 734.75 Td (T) Tj ET Q q 0 0 0 rg BT 96.81 734.75 Td ( OF) Tj ET Q q 0 0 0 rg BT 115.23 734.75 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 201.60 734.75 Td ( REGISTERED PUBLIC ) Tj ET Q q 0 0 0 rg BT 328.46 734.75 Td (ACCOUNTING FIRM ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 720.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.15 Td (T) Tj ET Q q 0 0 0 rg BT 55.72 707.15 Td (o the Shareholders and the Board of Directors of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.77 693.35 Td (W) Tj ET Q q 0 0 0 rg BT 101.70 693.35 Td (est Capital Corporation) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.55 Td (Phoenix, ) Tj ET Q q 0 0 0 rg BT 92.31 679.55 Td (Arizona) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 651.95 Td (Opinions ) Tj ET Q q 0 0 0 rg BT 97.12 651.95 Td (on ) Tj ET Q q 0 0 0 rg BT 112.15 651.95 Td (the ) Tj ET Q q 0 0 0 rg BT 130.35 651.95 Td (Financial ) Tj ET Q q 0 0 0 rg BT 179.23 651.95 Td (Statements ) Tj ET Q q 0 0 0 rg BT 236.40 651.95 Td (and ) Tj ET Q q 0 0 0 rg BT 257.82 651.95 Td (Internal ) Tj ET Q q 0 0 0 rg BT 300.95 651.95 Td (Contr) Tj ET Q q 0 0 0 rg BT 330.12 651.95 Td (ol ) Tj ET Q q 0 0 0 rg BT 341.94 651.95 Td (over) Tj ET Q q 0 0 0 rg BT 363.44 651.95 Td ( ) Tj ET Q q 0 0 0 rg BT 366.32 651.95 Td (Financial ) Tj ET Q q 0 0 0 rg BT 415.20 651.95 Td (Reporting ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 630.15 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 630.15 Td (e have audited the accompanying consolidated balance sheets of Pinnacle ) Tj ET Q q 0 0 0 rg BT 400.27 630.15 Td (W) Tj ET Q q 0 0 0 rg BT 410.20 630.15 Td (est Capital Corporation and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 616.35 Td (subsidiaries \(the "Company"\) as of December 31, 2017 and 2016, the related consolidated statements of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 602.55 Td (income, comprehensive income, changes in equity) Tj ET Q q 0 0 0 rg BT 280.92 602.55 Td (, and cash flows for each of the three years in the period ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 588.75 Td (ended December 31, 2017, the related notes and the schedules listed in the Index at Item 15 \(collectively ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 574.95 Td (referred to as the "financial statements"\). ) Tj ET Q q 0 0 0 rg BT 240.37 574.95 Td (W) Tj ET Q q 0 0 0 rg BT 250.30 574.95 Td (e also have audited the Company) Tj ET Q q 0 0 0 rg BT 405.83 574.95 Td (s internal control over financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 561.15 Td (reporting as of December 31, 2017, based on criteria established in Internal Control - 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Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 290.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 277.15 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 277.15 Td (e conducted our audits in accordance with the standards of the PCAOB. ) Tj ET Q q 0 0 0 rg BT 392.32 277.15 Td (Those standards require that we plan ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 263.35 Td (and perform the audits to obtain reasonable assurance about whether the financial statements are free of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 249.55 Td (material misstatement, whether due to error or fraud, and whether ef) Tj ET Q q 0 0 0 rg BT 363.51 249.55 Td (fective internal control over financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 235.75 Td (reporting was maintained in all material respects. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 208.15 Td (Our audits of the financial statements included performing procedures to assess the risks of material ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 194.35 Td (misstatement of the financial statements, whether due to error or fraud, and performing procedures to respond ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 180.55 Td (to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 166.75 Td (disclosures in the financial statements. Our audits also included evaluating the accounting principles used and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 152.95 Td (significant estimates made by management, as well as evaluating the overall presentation of the financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 139.15 Td (statements. Our audit of internal control over financial reporting included obtaining an understanding of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 125.35 Td (internal control over financial reporting, assessing the risk that a material weakness exists, and testing and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 111.55 Td (evaluating the design and operating ef) Tj ET Q q 0 0 0 rg BT 224.61 111.55 Td (fectiveness of internal control based on the assessed risk. Our audits also ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 97.75 Td (included performing such other procedures as we considered necessary in the circumstances. ) Tj ET Q q 0 0 0 rg BT 478.80 97.75 Td (W) Tj ET Q q 0 0 0 rg BT 488.73 97.75 Td (e believe that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 83.95 Td (our audits provide a reasonable basis for our opinions. ) Tj ET Q endstream endobj 179 0 obj <>] /Rotate 0 /Contents 180 0 R>> endobj 180 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (85) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 734.75 Td (Definition ) Tj ET Q q 0 0 0 rg BT 101.57 734.75 Td (and ) Tj ET Q q 0 0 0 rg BT 122.99 734.75 Td (Limitations ) Tj ET Q q 0 0 0 rg BT 182.73 734.75 Td (of ) Tj ET Q q 0 0 0 rg BT 195.19 734.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 238.31 734.75 Td (Contr) Tj ET Q q 0 0 0 rg BT 267.49 734.75 Td (ol ) Tj ET Q q 0 0 0 rg BT 279.31 734.75 Td (over) Tj ET Q q 0 0 0 rg BT 300.81 734.75 Td ( ) Tj ET Q q 0 0 0 rg BT 303.69 734.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 352.57 734.75 Td (Reporting) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.40 734.75 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 712.95 Td (A) Tj ET Q q 0 0 0 rg BT 57.17 712.95 Td ( company) Tj ET Q q 0 0 0 rg BT 105.40 712.95 Td (s internal control over financial reporting is a process designed to provide reasonable assurance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 699.15 Td (regarding the reliability of financial reporting and the preparation of financial statements for external purposes ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 685.35 Td (in accordance with generally accepted accounting principles. ) Tj ET Q q 0 0 0 rg BT 331.77 685.35 Td (A) Tj ET Q q 0 0 0 rg BT 339.44 685.35 Td ( company) Tj ET Q q 0 0 0 rg BT 387.66 685.35 Td (s internal control over financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 671.55 Td (reporting includes those policies and procedures that \(1\) pertain to the maintenance of records that, in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 657.75 Td (reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 643.95 Td (\(2\) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 630.15 Td (statements in accordance with generally accepted accounting principles, and that receipts and expenditures of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 616.35 Td (the company are being made only in accordance with authorizations of management and directors of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 602.55 Td (company; and \(3\) provide reasonable assurance regarding prevention or timely detection of unauthorized ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 588.75 Td (acquisition, use, or disposition of the company) Tj ET Q q 0 0 0 rg BT 267.34 588.75 Td (s assets that could have a material ef) Tj ET Q q 0 0 0 rg BT 434.78 588.75 Td (fect on the financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 574.95 Td (statements. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 561.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 547.35 Td (Because of its inherent limitations, internal control over financial reporting may not prevent or detect ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 533.55 Td (misstatements. ) Tj ET Q q 0 0 0 rg BT 119.78 533.55 Td (Also, projections of any evaluation of ef) Tj ET Q q 0 0 0 rg BT 305.12 533.55 Td (fectiveness to future periods are subject to the risk that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 519.75 Td (controls may become inadequate because of changes in conditions, or that the degree of compliance with the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 505.95 Td (policies or procedures may deteriorate. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 478.35 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 63.24 478.35 Td (Deloitte ) Tj ET Q q 0 0 0 rg BT 103.16 478.35 Td (& ) Tj ET Q q 0 0 0 rg BT 114.77 478.35 Td (T) Tj ET Q q 0 0 0 rg BT 121.00 478.35 Td (ouche ) Tj ET Q q 0 0 0 rg BT 151.33 478.35 Td (LLP) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 456.55 Td (Phoenix, ) Tj ET Q q 0 0 0 rg BT 92.31 456.55 Td (Arizona) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 442.75 Td (February 23, 2018) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 415.15 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 415.15 Td (e have served as the Company's auditor since 1932.) 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720.95 Td ( INCOME) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 169.45 707.15 Td (\(dollars and shares in thousands, except per share amounts\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 693.35 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 658.85 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 658.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 658.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 658.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 658.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 658.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 630.85 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 630.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 630.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 630.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 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s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 406.85 m 562 406.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 392.85 m 424 392.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 392.85 m 493 392.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 392.85 m 562 392.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 363.85 m 424 363.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 363.85 m 493 363.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 363.85 m 562 363.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 335.85 m 424 335.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 335.85 m 493 335.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 335.85 m 562 335.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 335.85 m 424 335.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 322.85 m 424 322.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 320.85 m 424 320.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 335.85 m 493 335.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 322.85 m 493 322.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 320.85 m 493 320.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 335.85 m 562 335.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 322.85 m 562 322.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 320.85 m 562 320.85 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 673.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.70 674.93 Td (Y) Tj ET Q q 0 0 0 rg BT 421.03 674.93 Td (ear) Tj ET Q q 0 0 0 rg BT 431.62 674.93 Td (EndedDecember) Tj ET Q q 0 0 0 rg BT 492.35 674.93 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 661.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.00 662.93 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 662.93 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 662.93 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 635.42 Td (OPERA) Tj ET Q q 0 0 0 rg BT 84.73 635.42 Td (TING REVENUES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 635.42 Td (3,565,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 635.42 Td (3,498,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 635.42 Td (3,495,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 621.42 Td (OPERA) Tj ET Q q 0 0 0 rg BT 84.73 621.42 Td (TING EXPENSES) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 619.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 619.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 619.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 607.42 Td (Fuel and purchased power) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 607.42 Td (981,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 607.42 Td (1,075,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 607.42 Td (1,101,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 593.42 Td (Operations and maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 593.42 Td (924,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 593.42 Td (91) Tj ET Q q 0 0 0 rg BT 466.65 593.42 Td (1,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 593.42 Td (868,377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 579.42 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 579.42 Td (534,1) Tj ET Q q 0 0 0 rg BT 410.15 579.42 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 579.42 Td (485,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 579.42 Td (494,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 565.42 Td (T) Tj ET Q q 0 0 0 rg BT 64.26 565.42 Td (axes other than income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 565.42 Td (184,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 565.42 Td (166,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 565.42 Td (171,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 551.42 Td (Other expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 551.42 Td (6,660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 551.42 Td (3,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 551.42 Td (4,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 537.42 Td (T) Tj ET Q q 0 0 0 rg BT 76.26 537.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 537.42 Td (2,630,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 537.42 Td (2,642,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 537.42 Td (2,640,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 523.42 Td (OPERA) Tj ET Q q 0 0 0 rg BT 84.73 523.42 Td (TING INCOME) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 523.42 Td (934,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 523.42 Td (855,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 523.42 Td (854,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 509.42 Td (OTHER INCOME \(DEDUCTIONS\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 507.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 507.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 507.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 495.42 Td (Allowance for equity funds used during construction \(Note 1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 495.42 Td (47,01) Tj ET Q q 0 0 0 rg BT 415.15 495.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 495.42 Td (42,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 495.42 Td (35,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 481.42 Td (Other income \(Note 17\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 481.42 Td (4,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 481.42 Td (901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 481.42 Td (621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 467.42 Td (Other expense \(Note 17\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 467.47 Td (\(21,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 467.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 467.47 Td (\(15,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 467.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 467.47 Td (\(17,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 467.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 453.42 Td (T) Tj ET Q q 0 0 0 rg BT 76.26 453.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 453.42 Td (29,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 453.42 Td (27,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 453.42 Td (18,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 439.42 Td (INTEREST) Tj ET Q q 0 0 0 rg BT 99.63 439.42 Td ( EXPENSE) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 437.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 437.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 437.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 425.42 Td (Interest char) Tj ET Q q 0 0 0 rg BT 108.10 425.42 Td (ges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 425.42 Td (219,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 425.42 Td (205,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 425.42 Td (194,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 411.42 Td (Allowance for borrowed funds used during construction \(Note 1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 411.47 Td (\(22,1) Tj ET Q q 0 0 0 rg BT 410.13 411.47 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 411.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 411.47 Td (\(19,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 411.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 411.47 Td (\(16,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 411.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 397.42 Td (T) Tj ET Q q 0 0 0 rg BT 75.91 397.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 397.42 Td (197,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 397.42 Td (185,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 397.42 Td (178,705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 383.42 Td (INCOME BEFORE INCOME ) Tj ET Q q 0 0 0 rg BT 177.14 383.42 Td (T) Tj ET Q q 0 0 0 rg BT 182.75 383.42 Td (AXES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 382.52 Td (766,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 382.52 Td (697,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 382.52 Td (693,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 368.42 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 94.35 368.42 Td (T) Tj ET Q q 0 0 0 rg BT 99.97 368.42 Td (AXES \(Note 4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 368.42 Td (258,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 368.42 Td (236,41) Tj ET Q q 0 0 0 rg BT 484.15 368.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 368.42 Td (237,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 354.42 Td (NET) Tj ET Q q 0 0 0 rg BT 71.85 354.42 Td ( INCOME) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 354.42 Td (507,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 354.42 Td (461,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 354.42 Td (456,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 340.42 Td (Less: Net income attributable to noncontrolling interests \(Note 18\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 340.42 Td (19,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 340.42 Td (19,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 340.42 Td (18,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 326.42 Td (NET) Tj ET Q q 0 0 0 rg BT 71.85 326.42 Td ( INCOME ) Tj ET Q q 0 0 0 rg BT 115.93 326.42 Td (A) Tj ET Q q 0 0 0 rg BT 122.32 326.42 Td (TTRIBUT) Tj ET Q q 0 0 0 rg BT 163.58 326.42 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 191.70 326.42 Td (T) Tj ET Q q 0 0 0 rg BT 197.62 326.42 Td (O COMMON SHAREHOLDERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 326.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 326.42 Td (488,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 326.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 326.42 Td (442,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 326.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 326.42 Td (437,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 298.42 Td (WEIGHTED-A) Tj ET Q q 0 0 0 rg BT 115.17 298.42 Td (VERAGE COMMON SHARES OUTST) Tj ET Q q 0 0 0 rg BT 278.86 298.42 Td (ANDING ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 288.42 Td (BASIC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 288.52 Td (1) Tj ET Q q 0 0 0 rg BT 392.65 288.52 Td (1) Tj ET Q q 0 0 0 rg BT 397.65 288.52 Td (1,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 288.52 Td (1) Tj ET Q q 0 0 0 rg BT 461.65 288.52 Td (1) Tj ET Q q 0 0 0 rg BT 466.65 288.52 Td (1,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 288.52 Td (1) Tj ET Q q 0 0 0 rg BT 530.65 288.52 Td (1) Tj ET Q q 0 0 0 rg BT 535.65 288.52 Td (1,026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 274.42 Td (WEIGHTED-A) Tj ET Q q 0 0 0 rg BT 115.17 274.42 Td (VERAGE COMMON SHARES OUTST) Tj ET Q q 0 0 0 rg BT 278.86 274.42 Td (ANDING ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 264.42 Td (DILUTED) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 264.52 Td (1) Tj ET Q q 0 0 0 rg BT 392.65 264.52 Td (12,367) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 264.52 Td (1) Tj ET Q q 0 0 0 rg BT 461.65 264.52 Td (12,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 264.52 Td (1) Tj ET Q q 0 0 0 rg BT 530.65 264.52 Td (1) Tj ET Q q 0 0 0 rg BT 535.65 264.52 Td (1,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 236.42 Td (EARNINGS PER ) Tj ET Q q 0 0 0 rg BT 126.22 236.42 Td (WEIGHTED-A) Tj ET Q q 0 0 0 rg BT 188.24 236.42 Td (VERAGE COMMON SHARE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 226.42 Td (OUTST) Tj ET Q q 0 0 0 rg BT 83.92 226.42 Td (ANDING) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 224.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 224.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 224.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 212.42 Td (Net income attributable to common shareholders basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 212.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 212.42 Td (4.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 212.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 212.42 Td (3.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 212.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 212.42 Td (3.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 198.42 Td (Net income attributable to common shareholders diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 198.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 198.42 Td (4.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 198.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 198.42 Td (3.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 198.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 198.42 Td (3.92) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 166.75 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.38 166.75 Td (The accompanying notes are an integral part of the financial statements.) 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0.9333333333333333 1 rg /GS0 gs 497.00 412.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 384.85 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 384.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 384.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 384.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 356.85 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 356.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 356.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 356.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 328.85 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 328.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 328.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 328.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 290.85 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 290.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 290.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 290.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 262.85 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 262.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 262.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 262.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 234.85 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 234.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 234.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 234.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 206.85 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 206.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 206.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 206.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 178.85 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 178.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 178.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 178.85 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 670.85 m 493 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 670.85 m 497 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 670.85 m 562 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 670.85 m 493 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 658.85 m 493 658.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 670.85 m 497 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 670.85 m 562 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 658.85 m 562 658.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 468.85 m 493 468.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 468.85 m 562 468.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 454.85 m 493 454.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 454.85 m 562 454.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 398.85 m 493 398.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 398.85 m 562 398.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 384.85 m 493 384.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 384.85 m 562 384.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 342.85 m 493 342.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 342.85 m 562 342.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 262.85 m 493 262.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 262.85 m 562 262.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 248.85000000000002 m 493 248.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 248.85000000000002 m 562 248.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 192.85000000000002 m 493 192.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 192.85000000000002 m 562 192.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 178.85000000000002 m 493 178.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 178.85000000000002 m 562 178.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 165.85000000000002 m 493 165.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 163.85000000000002 m 493 163.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 165.85000000000002 m 562 165.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 163.85000000000002 m 562 163.85000000000002 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 673.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.25 674.93 Td (December) Tj ET Q q 0 0 0 rg BT 505.82 674.93 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 661.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 662.93 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 662.93 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 649.42 Td (ASSETS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 647.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 647.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 627.42 Td (CURRENT) Tj ET Q q 0 0 0 rg BT 99.08 627.42 Td ( ) Tj ET Q q 0 0 0 rg BT 101.21 627.42 Td (ASSETS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 625.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 625.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 613.42 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 613.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 613.42 Td (13,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 613.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 613.42 Td (8,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 599.42 Td (Customer and other receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 599.42 Td (305,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 599.42 Td (250,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 585.42 Td (Accrued unbilled revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 585.42 Td (1) Tj ET Q q 0 0 0 rg BT 461.65 585.42 Td (12,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 585.42 Td (107,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 571.42 Td (Allowance for doubtful accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 571.47 Td (\(2,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 571.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 571.47 Td (\(3,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 571.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 557.42 Td (Materials and supplies \(at average cost\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 557.42 Td (264,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 557.42 Td (253,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 543.42 Td (Fossil fuel \(at average cost\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 543.42 Td (25,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 543.42 Td (28,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 529.42 Td (Income tax receivable \(Note 4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 529.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 529.42 Td (3,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 515.42 Td (Assets from risk management activities \(Note 16\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 515.42 Td (1,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 515.42 Td (19,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 501.42 Td (Deferred fuel and purchased power regulatory asset \(Note 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 501.42 Td (75,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 501.42 Td (12,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 487.42 Td (Other regulatory assets \(Note 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 487.42 Td (172,451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 487.42 Td (94,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 473.42 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 473.42 Td (48,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 473.42 Td (45,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 459.42 Td (T) Tj ET Q q 0 0 0 rg BT 76.26 459.42 Td (otal current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 459.42 Td (1,016,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 459.42 Td (822,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 445.42 Td (INVESTMENTS ) Tj ET Q q 0 0 0 rg BT 124.17 445.42 Td (AND OTHER ) Tj ET Q q 0 0 0 rg BT 183.61 445.42 Td (ASSETS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 443.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 443.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 431.42 Td (Assets from risk management activities \(Note 16\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 431.42 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 431.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 417.42 Td (Nuclear decommissioning trust \(Notes 13 and 19\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 417.42 Td (871,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 417.42 Td (779,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 403.42 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 403.42 Td (84,531) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 403.42 Td (69,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 389.42 Td (T) Tj ET Q q 0 0 0 rg BT 76.26 389.42 Td (otal investments and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 389.42 Td (955,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 389.42 Td (848,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 375.42 Td (PROPER) Tj ET Q q 0 0 0 rg BT 89.99 375.42 Td (TY) Tj ET Q q 0 0 0 rg BT 102.38 375.42 Td (, PLANT) Tj ET Q q 0 0 0 rg BT 138.86 375.42 Td ( ) Tj ET Q q 0 0 0 rg BT 141.00 375.42 Td (AND EQUIPMENT) Tj ET Q q 0 0 0 rg BT 222.57 375.42 Td ( \(Notes 1, 6 and 9\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 373.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 373.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 361.42 Td (Plant in service and held for future use) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 361.42 Td (17,798,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 361.42 Td (17,341,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 347.42 Td (Accumulated depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.80 347.47 Td (\(6,128,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 347.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 347.47 Td (\(5,970,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 347.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 333.42 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 333.42 Td (1) Tj ET Q q 0 0 0 rg BT 449.10 333.42 Td (1,669,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 333.42 Td (1) Tj ET Q q 0 0 0 rg BT 518.10 333.42 Td (1,371,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 319.42 Td (Construction work in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 319.42 Td (1,291,498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 319.42 Td (1,019,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 305.42 Td (Palo ) Tj ET Q q 0 0 0 rg BT 78.69 305.42 Td (V) Tj ET Q q 0 0 0 rg BT 85.27 305.42 Td (erde sale leaseback, net of accumulated depreciation of $241,405 and $237,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 295.42 Td (\(Note 18\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 295.52 Td (109,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 295.52 Td (1) Tj ET Q q 0 0 0 rg BT 530.65 295.52 Td (13,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 281.42 Td (Intangible assets, net of accumulated amortization of $582,272 and $603,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 281.42 Td (257,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 281.42 Td (90,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 267.42 Td (Nuclear fuel, net of accumulated amortization of $144,070 and $147,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 267.42 Td (1) Tj ET Q q 0 0 0 rg BT 461.65 267.42 Td (17,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 267.42 Td (1) Tj ET Q q 0 0 0 rg BT 530.65 267.42 Td (19,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 253.42 Td (T) Tj ET Q q 0 0 0 rg BT 76.26 253.42 Td (otal property) Tj ET Q q 0 0 0 rg BT 126.96 253.42 Td (, plant and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 253.42 Td (13,445,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 253.42 Td (12,714,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 239.42 Td (DEFERRED DEBITS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 237.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 237.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 225.42 Td (Regulatory assets \(Notes 1, 3 and 4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 225.42 Td (1,202,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 225.42 Td (1,313,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 211.42 Td (Assets for other postretirement benefits \(Note 7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 211.42 Td (268,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 211.42 Td (166,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 197.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 197.42 Td (130,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 197.42 Td (139,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 183.42 Td (T) Tj ET Q q 0 0 0 rg BT 75.91 183.42 Td (otal deferred debits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 183.42 Td (1,601,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 183.42 Td (1,619,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 169.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.43 169.42 Td (OT) Tj ET Q q 0 0 0 rg BT 70.96 169.42 Td (AL) Tj ET Q q 0 0 0 rg BT 83.92 169.42 Td ( ) Tj ET Q q 0 0 0 rg BT 85.86 169.42 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 169.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 169.42 Td (17,019,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 169.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 169.42 Td (16,004,253) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 151.55 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.55 Td (The accompanying notes are an integral part of the financial statements.) 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0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 130.64999999999998 m 492.5 130.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 130.64999999999998 m 561.5 130.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 117.64999999999998 m 492.5 117.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 115.64999999999998 m 492.5 115.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 117.64999999999998 m 561.5 117.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 115.64999999999998 m 561.5 115.64999999999998 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.00 673.37 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.75 674.73 Td (December) Tj ET Q q 0 0 0 rg BT 505.32 674.73 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.00 661.37 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 662.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 662.73 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 649.22 Td (LIABILITIES ) Tj ET Q q 0 0 0 rg BT 111.43 649.22 Td (AND EQUITY) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.00 647.41 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.00 647.41 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 635.22 Td (CURRENT) Tj ET Q q 0 0 0 rg BT 98.58 635.22 Td ( LIABILITIES) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.00 633.41 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.00 633.41 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 621.22 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 621.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 621.22 Td (256,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 621.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 621.22 Td (264,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 607.22 Td (Accrued taxes \(Note 4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 607.22 Td (148,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 607.22 Td (138,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 593.22 Td (Accrued interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 593.22 Td (56,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 593.22 Td (52,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 579.22 Td (Common dividends payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 579.22 Td (77,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 579.22 Td (72,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 565.22 Td (Short-term borrowings \(Note 5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 565.22 Td (95,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 565.22 Td (177,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 551.22 Td (Current maturities of long-term debt \(Note 6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 551.22 Td (82,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 551.22 Td (125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 537.22 Td (Customer deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 537.22 Td (70,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 537.22 Td (82,520) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 523.22 Td (Liabilities from risk management activities \(Note 16\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 523.22 Td (59,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 523.22 Td (25,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 509.22 Td (Liabilities for asset retirements \(Note 1) Tj ET Q q 0 0 0 rg BT 214.71 509.22 Td (1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 509.22 Td (4,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 509.22 Td (9,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 495.22 Td (Regulatory liabilities \(Note 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 495.22 Td (100,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 495.22 Td (99,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 481.22 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 481.22 Td (246,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 481.22 Td (244,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 467.22 Td (T) Tj ET Q q 0 0 0 rg BT 75.76 467.22 Td (otal current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 467.22 Td (1,197,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 467.22 Td (1,292,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 453.22 Td (LONG-TERM DEBT) Tj ET Q q 0 0 0 rg BT 139.40 453.22 Td ( LESS CURRENT) Tj ET Q q 0 0 0 rg BT 214.23 453.22 Td ( MA) Tj ET Q q 0 0 0 rg BT 232.20 453.22 Td (TURITIES \(Note 6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 453.22 Td (4,789,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 453.22 Td (4,021,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 439.22 Td (DEFERRED CREDITS ) Tj ET Q q 0 0 0 rg BT 150.06 439.22 Td (AND OTHER) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.00 437.41 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.00 437.41 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 425.22 Td (Deferred income taxes \(Note 4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 425.22 Td (1,690,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 425.22 Td (2,945,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 411.22 Td (Regulatory liabilities \(Notes 1, 3, 4 and 7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 411.22 Td (2,452,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 411.22 Td (948,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 397.22 Td (Liabilities for asset retirements \(Note 1) Tj ET Q q 0 0 0 rg BT 214.71 397.22 Td (1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 397.22 Td (674,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 397.22 Td (615,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 383.22 Td (Liabilities for pension benefits \(Note 7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 383.22 Td (327,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 383.22 Td (509,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 369.22 Td (Liabilities from risk management activities \(Note 16\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 369.22 Td (37,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 369.22 Td (47,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 355.22 Td (Customer advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 355.22 Td (1) Tj ET Q q 0 0 0 rg BT 461.15 355.22 Td (13,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 355.22 Td (88,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 341.22 Td (Coal mine reclamation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 341.22 Td (231,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 341.22 Td (221,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 327.22 Td (Deferred investment tax credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 327.22 Td (205,575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 327.22 Td (210,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 313.22 Td (Unrecognized tax benefits \(Note 4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 313.22 Td (13,1) Tj ET Q q 0 0 0 rg BT 478.65 313.22 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 313.22 Td (10,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 299.22 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 299.22 Td (148,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 299.22 Td (156,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 285.22 Td (T) Tj ET Q q 0 0 0 rg BT 75.76 285.22 Td (otal deferred credits and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 285.22 Td (5,895,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 285.22 Td (5,753,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 271.22 Td (COMMITMENTS ) Tj ET Q q 0 0 0 rg BT 129.23 271.22 Td (AND CONTINGENCIES \(SEE NOTES\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 257.22 Td (EQUITY) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.00 255.41 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.00 255.41 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 243.22 Td (Common stock, no par value; authorized 150,000,000 shares, 1) Tj ET Q q 0 0 0 rg BT 310.54 243.22 Td (1) Tj ET Q q 0 0 0 rg BT 315.17 243.22 Td (1,816,170 and 1) Tj ET Q q 0 0 0 rg BT 379.24 243.22 Td (1) Tj ET Q q 0 0 0 rg BT 383.87 243.22 Td (1,392,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 233.22 Td (issued at respective dates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 233.32 Td (2,614,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 233.32 Td (2,596,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 219.22 Td (T) Tj ET Q q 0 0 0 rg BT 63.93 219.22 Td (reasury stock at cost; 64,463 shares at end of 2017 and 55,317 shares at end of 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 219.27 Td (\(5,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 219.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 219.27 Td (\(4,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 219.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 205.22 Td (T) Tj ET Q q 0 0 0 rg BT 75.76 205.22 Td (otal common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 205.22 Td (2,609,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 205.22 Td (2,591,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 191.22 Td (Retained earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 191.22 Td (2,442,51) Tj ET Q q 0 0 0 rg BT 483.65 191.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 191.22 Td (2,255,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 177.22 Td (Accumulated other comprehensive loss \(Note 20\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 177.27 Td (\(45,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 177.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 177.27 Td (\(43,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 177.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 163.22 Td (T) Tj ET Q q 0 0 0 rg BT 63.76 163.22 Td (otal shareholders) Tj ET Q q 0 0 0 rg BT 134.40 163.22 Td ( equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 163.22 Td (5,006,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 163.22 Td (4,803,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 149.22 Td (Noncontrolling interests \(Note 18\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 149.22 Td (129,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 149.22 Td (132,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 135.22 Td (T) Tj ET Q q 0 0 0 rg BT 75.41 135.22 Td (otal equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 135.22 Td (5,135,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 135.22 Td (4,935,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 121.22 Td (T) Tj ET Q q 0 0 0 rg BT 57.93 121.22 Td (OT) Tj ET Q q 0 0 0 rg BT 70.46 121.22 Td (AL) Tj ET Q q 0 0 0 rg BT 83.42 121.22 Td ( LIABILITIES ) Tj ET Q q 0 0 0 rg BT 145.07 121.22 Td (AND EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 121.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 121.22 Td (17,019,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 121.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 121.22 Td (16,004,253) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 103.35 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.38 103.35 Td (The accompanying notes are an integral part of the financial statements.) 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720.95 Td ( CASH FLOWS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 256.15 707.15 Td (\(dollars in thousands\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 658.85 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 658.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 658.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 658.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 658.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 658.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 634.85 309.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 634.85 65.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 634.85 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 634.85 65.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 634.85 4.00 -21.00 re f 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0.9333333333333333 1 rg /GS0 gs 359.00 201.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 201.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 201.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 201.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 201.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 177.85 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 177.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 177.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 177.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 177.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 177.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 153.85 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 153.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 153.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 153.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 153.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 153.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 129.85 309.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 129.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 129.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 129.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 129.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 129.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 106.85 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 106.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 106.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 106.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 106.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 106.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 82.85 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 82.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 82.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 82.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 82.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 82.85 65.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 670.85 m 424 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 670.85 m 428 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 670.85 m 493 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 670.85 m 497 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 670.85 m 562 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 670.85 m 424 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 658.85 m 424 658.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 670.85 m 428 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 670.85 m 493 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 658.85 m 493 658.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 670.85 m 497 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 670.85 m 562 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 658.85 m 562 658.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 343.85 m 424 343.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 343.85 m 493 343.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 343.85 m 562 343.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 331.85 m 424 331.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 331.85 m 493 331.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 331.85 m 562 331.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 249.85000000000002 m 424 249.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 249.85000000000002 m 493 249.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 249.85000000000002 m 562 249.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 237.85000000000002 m 424 237.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 237.85000000000002 m 493 237.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 237.85000000000002 m 562 237.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 118.85000000000002 m 424 118.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 118.85000000000002 m 493 118.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 118.85000000000002 m 562 118.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 106.85000000000002 m 424 106.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 106.85000000000002 m 493 106.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 106.85000000000002 m 562 106.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 82.85000000000002 m 424 82.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 71.85000000000002 m 424 71.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 69.85000000000002 m 424 69.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 82.85000000000002 m 493 82.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 71.85000000000002 m 493 71.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 69.85000000000002 m 493 69.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 82.85000000000002 m 562 82.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 71.85000000000002 m 562 71.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 69.85000000000002 m 562 69.85000000000002 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 673.92 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.70 674.93 Td (Y) Tj ET Q q 0 0 0 rg BT 421.03 674.93 Td (ear) Tj ET Q q 0 0 0 rg BT 431.62 674.93 Td (EndedDecember) Tj ET Q q 0 0 0 rg BT 492.35 674.93 Td (31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 661.92 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.00 662.93 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 662.93 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 662.93 Td (2015) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 649.76 Td (CASH FLOWS FROM OPERA) Tj ET Q q 0 0 0 rg BT 174.71 649.76 Td (TING ) Tj ET Q q 0 0 0 rg BT 198.99 649.76 Td (ACTIVITIES) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.50 649.76 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.50 649.76 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.50 649.76 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 637.76 Td (Net Income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.50 637.76 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 389.25 637.76 Td (507,949) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.50 637.76 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 458.25 637.76 Td (461,527) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 499.50 637.76 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.25 637.76 Td (456,190) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 625.76 Td (Adjustments to reconcile net income to net cash provided by operating) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 616.31 Td (activities:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.50 618.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.50 618.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.50 618.41 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 604.81 Td (Depreciation and amortization including nuclear fuel) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 389.25 604.81 Td (610,629) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 458.25 604.81 Td (565,01) Tj ET Q q 0 0 0 rg BT 484.38 604.81 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.25 604.81 Td (571,664) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 593.76 Td (Deferred fuel and purchased power) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.85 593.81 Td (\(48,405) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 593.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.85 593.81 Td (\(60,303) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 593.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.00 593.76 Td (14,997) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 581.76 Td (Deferred fuel and purchased power amortization) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.85 581.81 Td (\(14,767) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 581.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.00 581.76 Td (38,152) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 536.75 581.76 Td (1,617) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 569.76 Td (Allowance for equity funds used during construction) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.85 569.81 Td (\(47,01) Tj ET Q q 0 0 0 rg BT 415.39 569.81 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 569.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.85 569.81 Td (\(42,140) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 569.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 528.85 569.81 Td (\(35,215) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 569.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 557.81 Td (Deferred income taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 389.25 557.81 Td (248,164) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 458.25 557.81 Td (206,870) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.25 557.81 Td (236,819) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 546.76 Td (Deferred investment tax credit) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 395.60 546.81 Td (\(4,587) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 546.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.00 546.76 Td (23,082) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 536.75 546.76 Td (8,473) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 534.76 Td (Change in derivative instruments fair value) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 402.70 534.76 Td (\(373) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 534.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 471.70 534.76 Td (\(403) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 534.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 540.70 534.76 Td (\(381) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 534.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 522.76 Td (Stock compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 522.47 Td (20,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 522.47 Td (18,883) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 522.47 Td (18,756) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 510.76 Td (Changes in current assets and liabilities:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.50 510.76 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.50 510.76 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.50 510.76 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 70.50 498.76 Td (Customer and other receivables) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.85 498.81 Td (\(93,797) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 498.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 464.60 498.81 Td (\(2,489) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 498.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 528.85 498.81 Td (\(22,219) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 498.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 70.50 486.81 Td (Accrued unbilled revenues) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 395.60 486.81 Td (\(4,485) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 486.81 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.85 486.81 Td (\(1) Tj ET Q q 0 0 0 rg BT 467.76 486.81 Td (1,709) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 486.81 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 536.75 486.81 Td (4,293) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 70.50 475.76 Td (Materials, supplies and fossil fuel) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 395.60 475.81 Td (\(6,683) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 475.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 464.60 475.81 Td (\(1,491) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 475.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 528.85 475.81 Td (\(23,945) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 475.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 70.50 463.81 Td (Income tax receivable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 398.75 463.81 Td (3,751) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 464.60 463.81 Td (\(3,162) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 463.81 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 536.75 463.81 Td (2,509) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 70.50 452.76 Td (Other current assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.85 452.81 Td (\(10,580) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 452.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.85 452.81 Td (\(23,324) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 452.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 536.75 452.76 Td (3,145) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 70.50 440.81 Td (Accounts payable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.85 440.81 Td (\(23,769) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 440.81 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.85 440.81 Td (\(66,917) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 440.81 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 528.85 440.81 Td (\(34,266) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 440.81 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 70.50 429.76 Td (Accrued taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 398.75 429.76 Td (9,982) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 474.90 429.76 Td (447) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 533.60 429.81 Td (\(2,013) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 429.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 70.50 417.81 Td (Other current liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 394.00 417.81 Td (19,154) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.00 417.81 Td (29,594) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 543.90 417.81 Td (603) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 406.76 Td (Change in mar) Tj ET Q q 0 0 0 rg BT 114.34 406.76 Td (gin and collateral accounts assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 402.70 406.76 Td (\(300) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 406.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 474.90 406.76 Td (673) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 540.70 406.76 Td (\(324) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 406.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 394.76 Td (Change in mar) Tj ET Q q 0 0 0 rg BT 114.34 394.76 Td (gin and collateral accounts liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 402.70 394.76 Td (\(533) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 394.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.00 394.76 Td (17,735) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.00 394.76 Td (22,776) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 382.76 Td (Change in unrecognized tax benefits) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 398.75 382.76 Td (5,891) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 467.75 382.76 Td (1,628) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 528.85 382.81 Td (\(10,328) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 382.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 370.76 Td (Change in long-term regulatory liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 394.00 370.76 Td (45,764) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.00 370.76 Td (14,682) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 528.85 370.81 Td (\(20,535) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 370.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 358.76 Td (Change in other long-term assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.85 358.81 Td (\(68,480) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 358.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.85 358.81 Td (\(60,163) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 358.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 536.75 358.76 Td (2,426) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 346.76 Td (Change in other long-term liabilities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.85 346.81 Td (\(29,980) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 346.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.85 346.81 Td (\(82,793) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 346.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.10 346.81 Td (\(100,715) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 346.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 334.76 Td (Net cash flow provided by operating activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 382.15 334.76 Td (1,1) Tj ET Q q 0 0 0 rg BT 394.02 334.76 Td (18,036) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 451.15 334.76 Td (1,023,390) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 520.15 334.76 Td (1,094,327) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 322.76 Td (CASH FLOWS FROM INVESTING ) Tj ET Q q 0 0 0 rg BT 196.87 322.76 Td (ACTIVITIES) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.50 322.76 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.50 322.76 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.50 322.76 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 310.76 Td (Capital expenditures) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 378.95 310.76 Td (\(1,408,774) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 310.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 447.95 310.76 Td (\(1,275,472) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 310.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 516.95 310.76 Td (\(1,076,087) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 310.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 298.81 Td (Contributions in aid of construction) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 394.00 298.81 Td (23,708) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.00 298.81 Td (64,296) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.00 298.81 Td (46,546) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 287.76 Td (Allowance for borrowed funds used during construction) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.85 287.81 Td (\(22,1) Tj ET Q q 0 0 0 rg BT 410.64 287.81 Td (12) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 287.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.85 287.81 Td (\(19,970) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 287.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 528.85 287.81 Td (\(16,259) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 287.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 275.76 Td (Proceeds from nuclear decommissioning trust sales) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 389.25 275.76 Td (542,246) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 458.25 275.76 Td (633,410) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.25 275.76 Td (478,813) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 263.76 Td (Investment in nuclear decommissioning trust) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 386.10 263.81 Td (\(544,527) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 263.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 455.10 263.81 Td (\(635,691) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 263.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.10 263.81 Td (\(496,062) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 263.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 251.81 Td (Other) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.85 251.81 Td (\(19,078) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 251.81 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.85 251.81 Td (\(18,651) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 251.81 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 533.60 251.81 Td (\(3,184) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 251.81 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 240.76 Td (Net cash flow used for investing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 378.95 240.76 Td (\(1,428,537) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 240.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 447.95 240.76 Td (\(1,252,078) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 240.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 516.95 240.76 Td (\(1,066,233) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 240.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 228.76 Td (CASH FLOWS FROM FINANCING ) Tj ET Q q 0 0 0 rg BT 198.46 228.76 Td (ACTIVITIES) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.50 228.76 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.50 228.76 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.50 228.76 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 216.76 Td (Issuance of long-term debt) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 389.25 216.76 Td (848,239) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 458.25 216.76 Td (693,151) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.25 216.76 Td (842,415) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 204.76 Td (Repayment of long-term debt) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 386.10 204.81 Td (\(125,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 204.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 455.10 204.81 Td (\(370,430) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 204.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.10 204.81 Td (\(415,570) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 204.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 192.76 Td (Short-term borrowings and \(repayments\) net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 386.10 192.81 Td (\(107,800) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 192.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 458.25 192.76 Td (137,200) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.10 192.81 Td (\(147,400) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 192.76 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 180.47 Td (Short-term debt borrowings under revolving credit facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 180.47 Td (58,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 180.47 Td (40,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 180.47 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 168.76 Td (Short-term debt repayments under revolving credit facility) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.85 168.81 Td (\(32,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 168.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 479.65 168.76 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 548.65 168.76 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 156.76 Td (Dividends paid on common stock) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 386.10 156.81 Td (\(289,793) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 156.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 455.10 156.81 Td (\(274,229) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 156.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.10 156.81 Td (\(260,027) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 156.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 144.76 Td (Common stock equity issuance and purchases - net) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.85 144.81 Td (\(13,390) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 144.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 464.60 144.81 Td (\(4,867) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 144.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.00 144.76 Td (19,373) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 132.76 Td (Distributions to noncontrolling interests) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 390.85 132.81 Td (\(22,744) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 420.15 132.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.85 132.81 Td (\(22,744) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 132.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 528.85 132.81 Td (\(35,002) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.15 132.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 120.81 Td (Other) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 410.65 120.81 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 479.65 120.81 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 553.40 120.81 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 58.50 109.76 Td (Net cash flow provided by financing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 389.25 109.76 Td (315,512) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 458.25 109.76 Td (198,081) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 536.75 109.76 Td (3,790) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 97.76 Td (NET) Tj ET Q q 0 0 0 rg BT 70.88 97.76 Td ( INCREASE \(DECREASE\) IN CASH ) Tj ET Q q 0 0 0 rg BT 219.64 97.76 Td (AND CASH EQUIV) Tj ET Q q 0 0 0 rg BT 298.99 97.76 Td (ALENTS) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 398.75 97.76 Td (5,01) Tj ET Q q 0 0 0 rg BT 415.38 97.76 Td (1) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 459.85 97.81 Td (\(30,607) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 489.15 97.76 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.00 97.76 Td (31,884) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 85.76 Td (CASH ) Tj ET Q q 0 0 0 rg BT 79.95 85.76 Td (AND CASH EQUIV) Tj ET Q q 0 0 0 rg BT 159.30 85.76 Td (ALENTS ) Tj ET Q q 0 0 0 rg BT 197.22 85.76 Td (A) Tj ET Q q 0 0 0 rg BT 203.29 85.76 Td (T) Tj ET Q q 0 0 0 rg BT 208.48 85.76 Td ( BEGINNING OF ) Tj ET Q q 0 0 0 rg BT 280.26 85.76 Td (YEAR) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 398.75 85.76 Td (8,881) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.00 85.76 Td (39,488) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 536.75 85.76 Td (7,604) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.50 73.76 Td (CASH ) Tj ET Q q 0 0 0 rg BT 79.69 73.76 Td (AND CASH EQUIV) Tj ET Q q 0 0 0 rg BT 158.69 73.76 Td (ALENTS ) Tj ET Q q 0 0 0 rg BT 196.96 73.76 Td (A) Tj ET Q q 0 0 0 rg BT 202.77 73.76 Td (T) Tj ET Q q 0 0 0 rg BT 208.40 73.76 Td ( END OF ) Tj ET Q q 0 0 0 rg BT 246.84 73.76 Td (YEAR) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 361.50 73.76 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 394.00 73.76 Td (13,892) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.50 73.76 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 467.75 73.76 Td (8,881) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 499.50 73.76 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.00 73.76 Td (39,488) Tj ET Q BT /F1 11.50 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 47.35 Td () Tj ET Q q 0 0 0 rg BT 51.82 47.35 Td (The accompanying notes are an integral part of the financial statements.) Tj ET Q endstream endobj 191 0 obj <>] /Rotate 0 /Contents 192 0 R>> endobj 192 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (91) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 186.75 707.15 Td (PINNACLE ) Tj ET Q q 0 0 0 rg BT 249.48 707.15 Td (WEST) Tj ET Q q 0 0 0 rg BT 282.51 707.15 Td ( CAPIT) Tj ET Q q 0 0 0 rg BT 320.31 707.15 Td (AL) Tj ET Q q 0 0 0 rg BT 335.65 707.15 Td ( CORPORA) Tj ET Q q 0 0 0 rg BT 395.81 707.15 Td (TION) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 149.05 693.35 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 217.85 693.35 Td (TED ST) Tj ET Q q 0 0 0 rg BT 257.58 693.35 Td (A) Tj ET Q q 0 0 0 rg BT 265.04 693.35 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 339.69 693.35 Td ( CHANGES IN EQUITY) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 195.00 679.55 Td (\(dollars in thousands, except per share amounts\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 618.05 113.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 618.05 49.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 618.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.00 618.05 43.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 618.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 618.05 38.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 618.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 618.05 40.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 618.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 618.05 43.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 618.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 618.05 57.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 618.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 618.05 55.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 618.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 618.05 47.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 593.05 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 593.05 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 593.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.00 593.05 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 593.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 593.05 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 593.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 593.05 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 593.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 593.05 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 593.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 593.05 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 593.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 593.05 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 593.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 593.05 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 565.05 113.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 565.05 49.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 565.05 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.00 565.05 43.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 565.05 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 565.05 38.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 565.05 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 565.05 40.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 565.05 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 565.05 43.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 565.05 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 565.05 57.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 565.05 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 565.05 55.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 565.05 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 565.05 47.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 529.05 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 529.05 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 529.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.00 529.05 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 529.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 529.05 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 529.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 529.05 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 529.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 529.05 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 529.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 529.05 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 529.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 529.05 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 529.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 529.05 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 483.05 113.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 483.05 49.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 483.05 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.00 483.05 43.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 483.05 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 483.05 38.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 483.05 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 483.05 40.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 483.05 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 483.05 43.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 483.05 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 483.05 57.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 483.05 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 483.05 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 483.05 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 483.05 47.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 441.05 113.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 441.05 49.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 441.05 4.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.00 441.05 43.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 441.05 4.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 441.05 38.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 441.05 4.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 441.05 40.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 441.05 4.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 441.05 43.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 441.05 4.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 441.05 57.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 441.05 4.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 441.05 55.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 441.05 4.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 441.05 47.00 -5.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 422.05 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 422.05 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 422.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.00 422.05 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 422.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 422.05 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 422.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 422.05 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 422.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 422.05 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 422.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 422.05 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 422.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 422.05 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 422.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 422.05 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 385.05 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 385.05 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 385.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.00 385.05 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 385.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 385.05 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 385.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 385.05 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 385.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 385.05 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 385.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 385.05 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 385.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 385.05 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 385.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 385.05 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 357.05 113.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 357.05 49.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 357.05 4.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.00 357.05 43.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 357.05 4.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 357.05 38.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 357.05 4.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 357.05 40.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 357.05 4.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 357.05 43.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 357.05 4.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 357.05 57.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 357.05 4.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 357.05 55.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 357.05 4.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 357.05 47.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 291.05 113.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 291.05 49.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 291.05 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.00 291.05 43.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 291.05 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 291.05 38.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 291.05 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 291.05 40.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 291.05 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 291.05 43.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 291.05 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 291.05 57.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 291.05 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 291.05 55.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 291.05 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 291.05 47.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 251.05 113.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 251.05 49.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 251.05 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.00 251.05 43.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 251.05 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 251.05 38.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 251.05 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 251.05 40.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 251.05 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 251.05 43.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 251.05 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 251.05 57.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 251.05 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 251.05 55.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 251.05 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 251.05 47.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 231.05 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 231.05 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 231.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.00 231.05 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 231.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 231.05 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 231.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 231.05 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 231.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 231.05 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 231.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 231.05 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 231.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 231.05 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 231.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 231.05 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 197.05 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 197.05 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 197.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.00 197.05 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 197.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 197.05 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 197.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 197.05 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 197.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 197.05 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 197.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 197.05 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 197.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 197.05 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 197.05 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 197.05 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 169.05 113.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 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114.04999999999995 m 216 114.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 97.04999999999995 m 216 97.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216 114.04999999999995 m 259 114.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216 97.04999999999995 m 259 97.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259 114.04999999999995 m 263 114.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259 97.04999999999995 m 263 97.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 114.04999999999995 m 301 114.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 97.04999999999995 m 301 97.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 114.04999999999995 m 305 114.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 97.04999999999995 m 305 97.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 114.04999999999995 m 345 114.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 97.04999999999995 m 345 97.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 114.04999999999995 m 349 114.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 97.04999999999995 m 349 97.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 114.04999999999995 m 392 114.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 97.04999999999995 m 392 97.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 114.04999999999995 m 396 114.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 97.04999999999995 m 396 97.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 114.04999999999995 m 453 114.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 97.04999999999995 m 453 97.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 114.04999999999995 m 457 114.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 97.04999999999995 m 457 97.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 114.04999999999995 m 512 114.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 97.04999999999995 m 512 97.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 114.04999999999995 m 516 114.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 97.04999999999995 m 516 97.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 114.04999999999995 m 563 114.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 97.04999999999995 m 563 97.04999999999995 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.45 634.30 Td (Common Stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.30 634.30 Td (T) Tj ET Q q 0 0 0 rg BT 284.05 634.30 Td (reasury Stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.75 642.30 Td (Retained) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.75 634.30 Td (Earnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.65 655.00 Td (Accumulated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.85 647.00 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.85 639.00 Td (Comprehensive) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.75 631.05 Td (Income \(Loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.55 642.30 Td (Noncontrolling) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 470.40 634.30 Td (Interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.80 634.30 Td (T) Tj ET Q q 0 0 0 rg BT 535.13 634.30 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.00 621.31 Td (Shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.20 621.31 Td (Amount) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.50 621.31 Td (Shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 309.70 621.31 Td (Amount) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 602.51 Td (Balance, December 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 168.10 602.30 Td (1) Tj ET Q q 0 0 0 rg BT 172.10 602.30 Td (10,649,762) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 218.50 602.30 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 223.10 602.30 Td (2,512,970) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 272.45 602.30 Td (\(78,400) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.15 602.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.50 602.30 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.45 602.30 Td (\(3,401) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.15 602.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.50 602.30 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.10 602.30 Td (1,926,065) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.50 602.30 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.45 602.30 Td (\(68,141) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.15 602.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.50 602.30 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.15 602.30 Td (151,609) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.50 602.30 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.10 602.30 Td (4,519,102) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 583.51 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 583.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 583.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.10 583.30 Td (437,257) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 583.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.15 583.30 Td (18,933) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.15 583.30 Td (456,190) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 569.51 Td (Other comprehensive income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 569.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 569.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 569.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.15 569.30 Td (23,393) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 569.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.15 569.30 Td (23,393) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 556.31 Td (Dividends on common stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 547.31 Td (\($2.44 per share\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 547.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 547.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.45 547.30 Td (\(270,519) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.15 547.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 547.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 547.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.45 547.30 Td (\(270,519) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.15 547.30 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 533.51 Td (Issuance of common stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.15 533.30 Td (445,640) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.15 533.30 Td (28,698) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 533.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 533.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 533.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 533.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.15 533.30 Td (28,698) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 519.51 Td (Purchase of treasury stock \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 519.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.45 519.30 Td (\(154,751) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.15 519.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.45 519.30 Td (\(10,136) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.15 519.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 519.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 519.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 519.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.45 519.30 Td (\(10,136) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.15 519.30 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 505.51 Td (Reissuance of treasury stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 496.51 Td (for stock-based) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 487.51 Td (compensation and other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 487.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.10 487.30 Td (1) Tj ET Q q 0 0 0 rg BT 275.10 487.30 Td (18,121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.15 487.30 Td (7,731) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 487.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 487.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 487.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.15 487.30 Td (7,731) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 473.51 Td (Net capital activities by) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 464.51 Td (noncontrolling interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 464.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 464.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 464.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 464.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.45 464.30 Td (\(35,002) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.15 464.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.45 464.30 Td (\(35,002) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.15 464.30 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 445.51 Td (Balance, December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 168.10 445.30 Td (1) Tj ET Q q 0 0 0 rg BT 172.10 445.30 Td (1) Tj ET Q q 0 0 0 rg BT 176.10 445.30 Td (1,095,402) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 223.10 445.30 Td (2,541,668) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.45 445.30 Td (\(1) Tj ET Q q 0 0 0 rg BT 275.11 445.30 Td (15,030) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.15 445.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.45 445.30 Td (\(5,806) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.15 445.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.10 445.30 Td (2,092,803) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.45 445.30 Td (\(44,748) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.15 445.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.15 445.30 Td (135,540) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.10 445.30 Td (4,719,457) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 426.51 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 426.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 426.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.10 426.30 Td (442,034) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 426.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.15 426.30 Td (19,493) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.15 426.30 Td (461,527) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 412.51 Td (Other comprehensive income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 412.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 412.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 412.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.15 412.30 Td (926) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 412.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.15 412.30 Td (926) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 398.51 Td (Dividends on common stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 389.51 Td (\($2.56 per share\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 389.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 389.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.45 389.30 Td (\(284,765) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.15 389.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 389.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 389.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.45 389.30 Td (\(284,765) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.15 389.30 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 375.51 Td (Issuance of common stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.15 375.30 Td (296,651) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.15 375.30 Td (13,982) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 375.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 375.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 375.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 375.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.15 375.30 Td (13,982) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 361.51 Td (Purchase of treasury stock \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 361.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.45 361.30 Td (\(128,105) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.15 361.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.45 361.30 Td (\(9,087) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.15 361.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 361.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 361.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 361.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.45 361.30 Td (\(9,087) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.15 361.30 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 345.51 Td (Reissuance of treasury stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 336.51 Td (for stock-based) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 327.51 Td (compensation and other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 327.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.10 327.30 Td (187,818) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.10 327.30 Td (10,760) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 327.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 327.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 327.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.15 327.30 Td (10,760) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 313.51 Td (Stock compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 304.51 Td (cumulative ef) Tj ET Q q 0 0 0 rg BT 101.65 304.51 Td (fect) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 295.51 Td (adjustments \(See Note 15\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.15 295.30 Td (40,380) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 295.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.15 295.30 Td (5,475) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 295.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 295.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.15 295.30 Td (45,855) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 281.51 Td (Net capital activities by) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 272.51 Td (noncontrolling interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 272.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 272.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 272.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 272.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.45 272.30 Td (\(22,743) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.15 272.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.45 272.30 Td (\(22,743) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.15 272.30 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 255.51 Td (Balance, December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 168.10 255.30 Td (1) Tj ET Q q 0 0 0 rg BT 172.10 255.30 Td (1) Tj ET Q q 0 0 0 rg BT 176.10 255.30 Td (1,392,053) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 223.10 255.30 Td (2,596,030) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 272.45 255.30 Td (\(55,317) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.15 255.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.45 255.30 Td (\(4,133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.15 255.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.10 255.30 Td (2,255,547) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.45 255.30 Td (\(43,822) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.15 255.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.15 255.30 Td (132,290) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.10 255.30 Td (4,935,912) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 235.51 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 235.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 235.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.10 235.30 Td (488,456) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 235.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.15 235.30 Td (19,493) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.15 235.30 Td (507,949) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 221.51 Td (Other comprehensive loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 221.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 221.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 221.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.45 221.30 Td (\(1,180) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.15 221.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 221.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.45 221.30 Td (\(1,180) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.15 221.30 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 208.31 Td (Dividends on common stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 199.36 Td (\($2.70 per share\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 201.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 201.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.45 201.30 Td (\(301,492) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.15 201.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 201.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 201.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.45 201.30 Td (\(301,492) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.15 201.30 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 187.51 Td (Issuance of common stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.15 187.30 Td (424,1) Tj ET Q q 0 0 0 rg BT 200.15 187.30 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.15 187.30 Td (18,775) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 187.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 187.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 187.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 187.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.15 187.30 Td (18,775) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 173.51 Td (Purchase of treasury stock \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 173.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.45 173.30 Td (\(216,91) Tj ET Q q 0 0 0 rg BT 293.11 173.30 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.15 173.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.45 173.30 Td (\(17,755) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.15 173.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 173.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 173.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 173.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.45 173.30 Td (\(17,755) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.15 173.30 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 159.51 Td (Reissuance of treasury stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 150.51 Td (for stock-based) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 141.51 Td (compensation and other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 141.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.10 141.30 Td (207,765) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.10 141.30 Td (16,264) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 141.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 141.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.15 141.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.15 141.30 Td (16,264) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 127.51 Td (Net capital activities by) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 118.51 Td (noncontrolling interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.15 118.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.15 118.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.15 118.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.15 118.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.45 118.30 Td (\(22,743) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.15 118.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.45 118.30 Td (\(22,743) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.15 118.30 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 101.51 Td (Balance, December 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 168.10 101.30 Td (1) Tj ET Q q 0 0 0 rg BT 172.10 101.30 Td (1) Tj ET Q q 0 0 0 rg BT 176.10 101.30 Td (1,816,170) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 218.50 101.30 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 223.10 101.30 Td (2,614,805) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 272.45 101.30 Td (\(64,463) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.15 101.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.50 101.30 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.45 101.30 Td (\(5,624) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.15 101.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.50 101.30 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.10 101.30 Td (2,442,51) Tj ET Q q 0 0 0 rg BT 384.10 101.30 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.50 101.30 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.45 101.30 Td (\(45,002) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.15 101.30 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.50 101.30 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.15 101.30 Td (129,040) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.50 101.30 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.10 101.30 Td (5,135,730) Tj ET Q BT /F1 11.50 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 79.55 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 103.50 79.55 Td (Primarily represents shares of common stock withheld from certain stock awards for tax purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 55.55 Td (The accompanying notes are an integral part of the financial statements.) Tj ET Q endstream endobj 193 0 obj <>] /Rotate 0 /Contents 194 0 R>> endobj 194 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (92) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 160.60 734.75 Td (MANAGEMENTS REPOR) Tj ET Q q 0 0 0 rg BT 300.43 734.75 Td (T) Tj ET Q q 0 0 0 rg BT 307.90 734.75 Td ( ON INTERNAL) Tj ET Q q 0 0 0 rg BT 390.97 734.75 Td ( CONTROL) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 219.60 720.95 Td (OVER FINANCIAL) Tj ET Q q 0 0 0 rg BT 320.24 720.95 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 362.96 720.95 Td (TING) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 194.30 707.15 Td (\(ARIZONA) Tj ET Q q 0 0 0 rg BT 251.81 707.15 Td ( PUBLIC SER) Tj ET Q q 0 0 0 rg BT 322.98 707.15 Td (VICE COMP) Tj ET Q q 0 0 0 rg BT 388.88 707.15 Td (ANY\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 679.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 665.75 Td (Our management is responsible for establishing and maintaining adequate internal control over ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.95 Td (financial reporting, as such term is defined in Exchange ) Tj ET Q q 0 0 0 rg BT 308.17 651.95 Td (Act Rules13a-15\(f\), for ) Tj ET Q q 0 0 0 rg BT 421.55 651.95 Td (APS. Management conducted ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.15 Td (an evaluation of the ef) Tj ET Q q 0 0 0 rg BT 152.11 638.15 Td (fectiveness of our internal control over financial reporting based on the framework in ) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 49.50 624.35 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 115.84 624.35 Td (ol Integrated Framework \(2013\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 278.74 624.35 Td ( issued by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 478.17 624.35 Td (ganizations of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.55 Td (T) Tj ET Q q 0 0 0 rg BT 56.12 610.55 Td (readway Commission. Based on our evaluation under the framework in ) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 390.18 610.55 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 456.52 610.55 Td (ol Integrated ) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 49.50 596.75 Td (Framework \(2013\),) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 139.57 596.75 Td ( our management concluded that our internal control over financial reporting was ef) Tj ET Q q 0 0 0 rg BT 525.12 596.75 Td (fective ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.95 Td (as of December31, 2017. ) Tj ET Q q 0 0 0 rg BT 173.20 582.95 Td (The ef) Tj ET Q q 0 0 0 rg BT 202.68 582.95 Td (fectiveness of our internal control over financial reporting as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 497.11 582.95 Td (December31, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.15 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 72.50 569.15 Td ( has been audited by Deloitte& ) Tj ET Q q 0 0 0 rg BT 220.80 569.15 Td (T) Tj ET Q q 0 0 0 rg BT 227.02 569.15 Td (ouche LLP) Tj ET Q q 0 0 0 rg BT 276.52 569.15 Td (, an independent registered public accounting firm, as stated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.35 Td (in their report which is included herein and also relates to the Company) Tj ET Q q 0 0 0 rg BT 381.64 555.35 Td (s financial statements.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.75 Td (February 23, 2018) Tj ET Q endstream endobj 195 0 obj <>] /Rotate 0 /Contents 196 0 R>> endobj 196 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (93) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 734.75 Td (REPOR) Tj ET Q q 0 0 0 rg BT 89.35 734.75 Td (T) Tj ET Q q 0 0 0 rg BT 96.81 734.75 Td ( OF) Tj ET Q q 0 0 0 rg BT 115.23 734.75 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 201.60 734.75 Td ( REGISTERED PUBLIC ) Tj ET Q q 0 0 0 rg BT 328.46 734.75 Td (ACCOUNTING FIRM ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 720.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.15 Td (T) Tj ET Q q 0 0 0 rg BT 55.72 707.15 Td (o the Shareholders and the Board of Directors of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td (Arizona Public Service Company) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.55 Td (Phoenix, ) Tj ET Q q 0 0 0 rg BT 92.31 679.55 Td (Arizona) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 651.95 Td (Opinions ) Tj ET Q q 0 0 0 rg BT 97.12 651.95 Td (on ) Tj ET Q q 0 0 0 rg BT 112.15 651.95 Td (the ) Tj ET Q q 0 0 0 rg BT 130.35 651.95 Td (Financial ) Tj ET Q q 0 0 0 rg BT 179.23 651.95 Td (Statements ) Tj ET Q q 0 0 0 rg BT 236.40 651.95 Td (and ) Tj ET Q q 0 0 0 rg BT 257.82 651.95 Td (Internal ) Tj ET Q q 0 0 0 rg BT 300.95 651.95 Td (Contr) Tj ET Q q 0 0 0 rg BT 330.12 651.95 Td (ol ) Tj ET Q q 0 0 0 rg BT 341.94 651.95 Td (over) Tj ET Q q 0 0 0 rg BT 363.44 651.95 Td ( ) Tj ET Q q 0 0 0 rg BT 366.32 651.95 Td (Financial ) Tj ET Q q 0 0 0 rg BT 415.20 651.95 Td (Reporting ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 630.15 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 630.15 Td (e have audited the accompanying consolidated balance sheets of ) Tj ET Q q 0 0 0 rg BT 357.37 630.15 Td (Arizona Public Service Company and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 616.35 Td (subsidiary \(the "Company"\) as of December 31, 2017 and 2016, the related consolidated statements of income, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 602.55 Td (comprehensive income, changes in equity) Tj ET Q q 0 0 0 rg BT 241.32 602.55 Td (, and cash flows for each of the three years in the period ended ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 588.75 Td (December 31, 2017, the related notes and the schedule listed in the Index at Item 15 \(collectively referred to as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 574.95 Td (the "financial statements"\). ) Tj ET Q q 0 0 0 rg BT 176.84 574.95 Td (W) Tj ET Q q 0 0 0 rg BT 186.77 574.95 Td (e also have audited the Company) Tj ET Q q 0 0 0 rg BT 342.30 574.95 Td (s internal control over financial reporting as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 561.15 Td (December 31, 2017, based on criteria established in Internal Control - Integrated Framework \(2013\) issued by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 547.35 Td (the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 200.06 547.35 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 284.48 547.35 Td (T) Tj ET Q q 0 0 0 rg BT 291.10 547.35 Td (readway Commission \(COSO\). ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 519.75 Td (In our opinion, the financial statements referred to above present fairly) Tj ET Q q 0 0 0 rg BT 374.15 519.75 Td (, in all material respects, the financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 505.95 Td (position of the Company as of December 31, 2017 and 2016, and the results of its operations and its cash flows ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 492.15 Td (for each of the three years in the period ended December 31, 2017, in conformity with accounting principles ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 478.35 Td (generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 243.34 478.35 Td (America. ) Tj ET Q q 0 0 0 rg BT 288.04 478.35 Td (Also, in our opinion, the Company maintained, in all ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 464.55 Td (material respects, ef) Tj ET Q q 0 0 0 rg BT 141.57 464.55 Td (fective internal control over financial reporting as of December 31, 2017, based on criteria ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 450.75 Td (established in Internal Control - Integrated Framework \(2013\) issued by COSO. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 423.15 Td (Basis ) Tj ET Q q 0 0 0 rg BT 77.94 423.15 Td (for) Tj ET Q q 0 0 0 rg BT 92.42 423.15 Td ( ) Tj ET Q q 0 0 0 rg BT 95.29 423.15 Td (Opinions ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 401.35 Td (The Company) Tj ET Q q 0 0 0 rg BT 118.17 401.35 Td (s management is responsible for these financial statements, for maintaining ef) Tj ET Q q 0 0 0 rg BT 475.96 401.35 Td (fective internal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 387.55 Td (control over financial reporting, and for its assessment of the ef) Tj ET Q q 0 0 0 rg BT 340.86 387.55 Td (fectiveness of internal control over financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 373.75 Td (reporting, included in the accompanying Management) Tj ET Q q 0 0 0 rg BT 301.79 373.75 Td (s Report on Internal Control over Financial Reporting. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 359.95 Td (Our responsibility is to express an opinion on these financial statements and an opinion on the Company) Tj ET Q q 0 0 0 rg BT 533.07 359.95 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 346.15 Td (internal control over financial reporting based on our audits. ) Tj ET Q q 0 0 0 rg BT 329.04 346.15 Td (W) Tj ET Q q 0 0 0 rg BT 338.98 346.15 Td (e are a public accounting firm registered with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 332.35 Td (the Public Company ) Tj ET Q q 0 0 0 rg BT 145.65 332.35 Td (Accounting Oversight Board \(United States\) \(PCAOB\) and are required to be independent ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 318.55 Td (with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 304.75 Td (regulations of the Securities and Exchange Commission and the PCAOB.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 290.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 277.15 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 277.15 Td (e conducted our audits in accordance with the standards of the PCAOB. ) Tj ET Q q 0 0 0 rg BT 392.32 277.15 Td (Those standards require that we plan ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 263.35 Td (and perform the audits to obtain reasonable assurance about whether the financial statements are free of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 249.55 Td (material misstatement, whether due to error or fraud, and whether ef) Tj ET Q q 0 0 0 rg BT 363.51 249.55 Td (fective internal control over financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 235.75 Td (reporting was maintained in all material respects. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 208.15 Td (Our audits of the financial statements included performing procedures to assess the risks of material ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 194.35 Td (misstatement of the financial statements, whether due to error or fraud, and performing procedures to respond ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 180.55 Td (to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 166.75 Td (disclosures in the financial statements. Our audits also included evaluating the accounting principles used and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 152.95 Td (significant estimates made by management, as well as evaluating the overall presentation of the financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 139.15 Td (statements. Our audit of internal control over financial reporting included obtaining an understanding of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 125.35 Td (internal control over financial reporting, assessing the risk that a material weakness exists, and testing and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 111.55 Td (evaluating the design and operating ef) Tj ET Q q 0 0 0 rg BT 224.61 111.55 Td (fectiveness of internal control based on the assessed risk. Our audits also ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 97.75 Td (included performing such other procedures as we considered necessary in the circumstances. ) Tj ET Q q 0 0 0 rg BT 478.80 97.75 Td (W) Tj ET Q q 0 0 0 rg BT 488.73 97.75 Td (e believe that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 83.95 Td (our audits provide a reasonable basis for our opinions. ) Tj ET Q endstream endobj 197 0 obj <>] /Rotate 0 /Contents 198 0 R>> endobj 198 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (94) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 734.75 Td (Definition ) Tj ET Q q 0 0 0 rg BT 101.57 734.75 Td (and ) Tj ET Q q 0 0 0 rg BT 122.99 734.75 Td (Limitations ) Tj ET Q q 0 0 0 rg BT 182.73 734.75 Td (of ) Tj ET Q q 0 0 0 rg BT 195.19 734.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 238.31 734.75 Td (Contr) Tj ET Q q 0 0 0 rg BT 267.49 734.75 Td (ol ) Tj ET Q q 0 0 0 rg BT 279.31 734.75 Td (over) Tj ET Q q 0 0 0 rg BT 300.81 734.75 Td ( ) Tj ET Q q 0 0 0 rg BT 303.69 734.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 352.57 734.75 Td (Reporting) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 402.40 734.75 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 712.95 Td (A) Tj ET Q q 0 0 0 rg BT 57.17 712.95 Td ( company) Tj ET Q q 0 0 0 rg BT 105.40 712.95 Td (s internal control over financial reporting is a process designed to provide reasonable assurance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 699.15 Td (regarding the reliability of financial reporting and the preparation of financial statements for external purposes ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 685.35 Td (in accordance with generally accepted accounting principles. ) Tj ET Q q 0 0 0 rg BT 331.77 685.35 Td (A) Tj ET Q q 0 0 0 rg BT 339.44 685.35 Td ( company) Tj ET Q q 0 0 0 rg BT 387.66 685.35 Td (s internal control over financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 671.55 Td (reporting includes those policies and procedures that \(1\) pertain to the maintenance of records that, in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 657.75 Td (reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 643.95 Td (\(2\) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 630.15 Td (statements in accordance with generally accepted accounting principles, and that receipts and expenditures of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 616.35 Td (the company are being made only in accordance with authorizations of management and directors of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 602.55 Td (company; and \(3\) provide reasonable assurance regarding prevention or timely detection of unauthorized ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 588.75 Td (acquisition, use, or disposition of the company) Tj ET Q q 0 0 0 rg BT 267.34 588.75 Td (s assets that could have a material ef) Tj ET Q q 0 0 0 rg BT 434.78 588.75 Td (fect on the financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 574.95 Td (statements. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 561.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 547.35 Td (Because of its inherent limitations, internal control over financial reporting may not prevent or detect ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 533.55 Td (misstatements. ) Tj ET Q q 0 0 0 rg BT 119.78 533.55 Td (Also, projections of any evaluation of ef) Tj ET Q q 0 0 0 rg BT 305.12 533.55 Td (fectiveness to future periods are subject to the risk that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 519.75 Td (controls may become inadequate because of changes in conditions, or that the degree of compliance with the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 505.95 Td (policies or procedures may deteriorate. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 478.35 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 63.24 478.35 Td (Deloitte ) Tj ET Q q 0 0 0 rg BT 103.16 478.35 Td (& ) Tj ET Q q 0 0 0 rg BT 114.77 478.35 Td (T) Tj ET Q q 0 0 0 rg BT 121.00 478.35 Td (ouche ) Tj ET Q q 0 0 0 rg BT 151.33 478.35 Td (LLP) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 456.55 Td (Phoenix, ) Tj ET Q q 0 0 0 rg BT 92.31 456.55 Td (Arizona) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 442.75 Td (February 23, 2018) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 415.15 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 415.15 Td (e have served as the Company's auditor since 1932.) 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518.85 m 493 518.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 518.85 m 562 518.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 504.85 m 424 504.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 504.85 m 493 504.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 504.85 m 562 504.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 420.85 m 424 420.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 420.85 m 493 420.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 420.85 m 562 420.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 406.85 m 424 406.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 406.85 m 493 406.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 406.85 m 562 406.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 322.85 m 424 322.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 322.85 m 493 322.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 322.85 m 562 322.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 308.85 m 424 308.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 308.85 m 493 308.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 308.85 m 562 308.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 252.85000000000002 m 424 252.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 252.85000000000002 m 493 252.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 252.85000000000002 m 562 252.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 225.85000000000002 m 424 225.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 223.85000000000002 m 424 223.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 225.85000000000002 m 493 225.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 223.85000000000002 m 493 223.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 225.85000000000002 m 562 225.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 223.85000000000002 m 562 223.85000000000002 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 673.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.70 674.93 Td (Y) Tj ET Q q 0 0 0 rg BT 421.03 674.93 Td (ear) Tj ET Q q 0 0 0 rg BT 431.62 674.93 Td (EndedDecember) Tj ET Q q 0 0 0 rg BT 492.35 674.93 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 661.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.00 662.93 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 662.93 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 662.93 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 635.42 Td (ELECTRIC OPERA) Tj ET Q q 0 0 0 rg BT 135.00 635.42 Td (TING REVENUES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 635.42 Td (3,554,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 635.42 Td (3,489,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 635.42 Td (3,492,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 607.42 Td (OPERA) Tj ET Q q 0 0 0 rg BT 84.73 607.42 Td (TING EXPENSES) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 605.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 605.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 605.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 593.42 Td (Fuel and purchased power) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 593.42 Td (992,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 593.42 Td (1,082,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 593.42 Td (1,101,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 579.42 Td (Operations and maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 579.42 Td (891,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 579.42 Td (879,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 579.42 Td (853,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 565.42 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 565.42 Td (532,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 565.42 Td (484,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 565.42 Td (494,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 551.42 Td (Income taxes \(Note 4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 551.42 Td (275,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 551.42 Td (259,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 551.42 Td (260,143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 537.42 Td (T) Tj ET Q q 0 0 0 rg BT 64.26 537.42 Td (axes other than income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 537.42 Td (182,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 537.42 Td (165,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 537.42 Td (171,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 523.42 Td (T) Tj ET Q q 0 0 0 rg BT 76.26 523.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 523.42 Td (2,874,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 523.42 Td (2,871,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 523.42 Td (2,880,373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 509.42 Td (OPERA) Tj ET Q q 0 0 0 rg BT 84.73 509.42 Td (TING INCOME) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 509.42 Td (679,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 509.42 Td (617,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 509.42 Td (61) Tj ET Q q 0 0 0 rg BT 535.65 509.42 Td (1,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 481.42 Td (OTHER INCOME \(DEDUCTIONS\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 479.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 479.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 479.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 467.42 Td (Income taxes \(Note 4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 467.42 Td (6,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 467.42 Td (13,51) Tj ET Q q 0 0 0 rg BT 484.15 467.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 467.42 Td (14,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 453.42 Td (Allowance for equity funds used during construction \(Note 1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 453.42 Td (47,01) Tj ET Q q 0 0 0 rg BT 415.15 453.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 453.42 Td (42,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 453.42 Td (35,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 439.42 Td (Other income \(Note 17\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 439.42 Td (6,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 439.42 Td (8,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 439.42 Td (2,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 425.42 Td (Other expense \(Note 17\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 425.47 Td (\(23,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 425.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 425.47 Td (\(17,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 425.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 425.47 Td (\(19,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 425.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 411.42 Td (T) Tj ET Q q 0 0 0 rg BT 76.26 411.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 411.42 Td (36,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 411.42 Td (46,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 411.42 Td (33,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 383.42 Td (INTEREST) Tj ET Q q 0 0 0 rg BT 99.63 383.42 Td ( EXPENSE) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 381.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 381.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 381.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 369.42 Td (Interest on long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 369.42 Td (200,21) Tj ET Q q 0 0 0 rg BT 415.15 369.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 369.42 Td (189,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 369.42 Td (180,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 355.42 Td (Interest on short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 355.42 Td (9,1) Tj ET Q q 0 0 0 rg BT 410.15 355.42 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 355.42 Td (7,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 355.42 Td (7,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 341.42 Td (Debt discount, premium and expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 341.42 Td (4,833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 341.42 Td (4,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 341.42 Td (4,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 327.42 Td (Allowance for borrowed funds used during construction \(Note 1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 327.47 Td (\(22,1) Tj ET Q q 0 0 0 rg BT 410.13 327.47 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 327.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 327.47 Td (\(19,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 327.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 327.47 Td (\(16,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 327.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 313.42 Td (T) Tj ET Q q 0 0 0 rg BT 75.91 313.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 313.42 Td (192,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 313.42 Td (183,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 313.42 Td (176,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 285.42 Td (NET) Tj ET Q q 0 0 0 rg BT 71.85 285.42 Td ( INCOME) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 285.42 Td (523,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 285.42 Td (481,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 285.42 Td (469,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 257.42 Td (Less: Net income attributable to noncontrolling interests \(Note 18\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 257.42 Td (19,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 257.42 Td (19,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 257.42 Td (18,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 229.42 Td (NET) Tj ET Q q 0 0 0 rg BT 71.76 229.42 Td ( INCOME ) Tj ET Q q 0 0 0 rg BT 115.65 229.42 Td (A) Tj ET Q q 0 0 0 rg BT 121.76 229.42 Td (TTRIBUT) Tj ET Q q 0 0 0 rg BT 163.18 229.42 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 191.61 229.42 Td (T) Tj ET Q q 0 0 0 rg BT 197.53 229.42 Td (O COMMON SHAREHOLDER) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 229.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 229.42 Td (504,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 229.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 229.42 Td (462,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 229.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 229.42 Td (450,274) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 211.55 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 199.55 Td (The accompanying notes are an integral part of the financial statements.) Tj ET Q endstream endobj 201 0 obj <>] /Rotate 0 /Contents 202 0 R>> endobj 202 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.25 32.55 Td (96) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 198.35 734.75 Td (ARIZONA) Tj ET Q q 0 0 0 rg BT 252.03 734.75 Td ( PUBLIC SER) Tj ET Q q 0 0 0 rg BT 323.20 734.75 Td (VICE COMP) Tj ET Q q 0 0 0 rg BT 389.10 734.75 Td (ANY) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 132.05 720.95 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 200.85 720.95 Td (TED ST) Tj ET Q q 0 0 0 rg BT 240.58 720.95 Td (A) Tj ET Q q 0 0 0 rg BT 248.04 720.95 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 322.69 720.95 Td ( COMPREHENSIVE INCOME) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 252.60 707.15 Td (\(dollars in thousands\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 658.85 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 658.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 658.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 658.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 658.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 658.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 630.85 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 630.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 630.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 630.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 630.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 630.85 65.00 -14.00 re f 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635.42 Td ( INCOME) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 635.42 Td (523,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 635.42 Td (481,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 635.42 Td (469,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 607.42 Td (OTHER COMPREHENSIVE INCOME \(LOSS\), NET) Tj ET Q q 0 0 0 rg BT 272.13 607.42 Td ( OF ) Tj ET Q q 0 0 0 rg BT 289.73 607.42 Td (T) Tj ET Q q 0 0 0 rg BT 295.35 607.42 Td (AX) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 605.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 605.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 605.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 593.42 Td (Derivative instruments:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 591.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 591.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 591.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 579.42 Td (Net unrealized loss, net of tax benefit \(expense\) of $24, $\(585\), and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 569.42 Td ($\(342\) \(Note 16\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.80 569.57 Td (\(35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 569.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 569.57 Td (\(538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 569.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 569.57 Td (\(957) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 569.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 555.42 Td (Reclassification of net realized loss, net of tax benefit of $1,294, $985,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 545.42 Td (and $1,801 \(Note 16\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 545.52 Td (2,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 545.52 Td (2,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 545.52 Td (4,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 531.42 Td (Pension and other postretirement benefits activity) Tj ET Q q 0 0 0 rg BT 250.73 531.42 Td (, net of tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 521.42 Td (\(expense\) of $977, $293, and $\(1) Tj ET Q q 0 0 0 rg BT 184.78 521.42 Td (1,776\) \(Note 7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.30 521.57 Td (\(3,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 521.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 521.57 Td (\(729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 521.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 521.52 Td (18,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 507.42 Td (T) Tj ET Q q 0 0 0 rg BT 75.91 507.42 Td (otal other comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.30 507.47 Td (\(1,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 507.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 507.42 Td (1,674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 507.42 Td (21,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 479.42 Td (COMPREHENSIVE INCOME) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 479.42 Td (522,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 479.42 Td (483,308) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 479.42 Td (490,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 465.42 Td (Less: Comprehensive income attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 465.42 Td (19,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 465.42 Td (19,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 465.42 Td (18,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 437.42 Td (COMPREHENSIVE INCOME ) Tj ET Q q 0 0 0 rg BT 180.29 437.42 Td (A) Tj ET Q q 0 0 0 rg BT 186.40 437.42 Td (TTRIBUT) Tj ET Q q 0 0 0 rg BT 227.82 437.42 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 256.25 437.42 Td (T) Tj ET Q q 0 0 0 rg BT 262.17 437.42 Td (O COMMON) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 427.42 Td (SHAREHOLDER) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 427.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 427.52 Td (502,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 427.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 427.52 Td (463,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 427.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 427.52 Td (471,510) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 409.55 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 397.55 Td (The accompanying notes are an integral part of the financial statements.) 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[] 0 d 0 J 0 j 3 M 498 522.85 m 563 522.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 508.85 m 494 508.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 508.85 m 563 508.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 452.85 m 494 452.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 452.85 m 563 452.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 438.85 m 494 438.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 438.85 m 563 438.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 270.85 m 494 270.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 270.85 m 563 270.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 256.85 m 494 256.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 256.85 m 563 256.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 200.85000000000002 m 494 200.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 200.85000000000002 m 563 200.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 186.85000000000002 m 494 186.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 186.85000000000002 m 563 186.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 173.85000000000002 m 494 173.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 171.85000000000002 m 494 171.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 173.85000000000002 m 563 173.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 171.85000000000002 m 563 171.85000000000002 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 673.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.25 674.93 Td (December) Tj ET Q q 0 0 0 rg BT 506.82 674.93 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 661.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 662.93 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 662.93 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 649.42 Td (ASSETS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 490.50 647.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 647.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 635.42 Td (PROPER) Tj ET Q q 0 0 0 rg BT 89.99 635.42 Td (TY) Tj ET Q q 0 0 0 rg BT 102.38 635.42 Td (, PLANT) Tj ET Q q 0 0 0 rg BT 138.86 635.42 Td ( ) Tj ET Q q 0 0 0 rg BT 141.00 635.42 Td (AND EQUIPMENT) Tj ET Q q 0 0 0 rg BT 222.57 635.42 Td ( \(Notes 1, 6 and 9\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 490.50 633.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 633.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 621.42 Td (Plant in service and held for future use) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 621.42 Td (17,654,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.10 621.42 Td (17,228,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 607.42 Td (Accumulated depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 607.47 Td (\(6,041,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 607.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.80 607.47 Td (\(5,881,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 607.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 593.42 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 593.42 Td (1) Tj ET Q q 0 0 0 rg BT 450.10 593.42 Td (1,612,1) Tj ET Q q 0 0 0 rg BT 480.10 593.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.10 593.42 Td (1) Tj ET Q q 0 0 0 rg BT 519.10 593.42 Td (1,346,846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 579.42 Td (Construction work in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 579.42 Td (1,266,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 579.42 Td (989,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 565.42 Td (Palo ) Tj ET Q q 0 0 0 rg BT 78.69 565.42 Td (V) Tj ET Q q 0 0 0 rg BT 85.27 565.42 Td (erde sale leaseback, net of accumulated depreciation of $241,405 and $237,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 555.42 Td (\(Note 18\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 555.52 Td (109,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 555.52 Td (1) Tj ET Q q 0 0 0 rg BT 531.65 555.52 Td (13,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 541.42 Td (Intangible assets, net of accumulated amortization of $581,135 and $603,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 541.42 Td (257,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 541.42 Td (89,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 527.42 Td (Nuclear fuel, net of accumulated amortization of $144,070 and $147,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 527.42 Td (1) Tj ET Q q 0 0 0 rg BT 462.65 527.42 Td (17,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 527.42 Td (1) Tj ET Q q 0 0 0 rg BT 531.65 527.42 Td (19,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 513.42 Td (T) Tj ET Q q 0 0 0 rg BT 87.91 513.42 Td (otal property) Tj ET Q q 0 0 0 rg BT 138.63 513.42 Td (, plant and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 513.42 Td (13,362,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.10 513.42 Td (12,658,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 499.42 Td (INVESTMENTS ) Tj ET Q q 0 0 0 rg BT 124.17 499.42 Td (AND OTHER ) Tj ET Q q 0 0 0 rg BT 183.61 499.42 Td (ASSETS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 490.50 497.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 497.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 485.42 Td (Nuclear decommissioning trust \(Notes 13 and 19\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 485.42 Td (871,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 485.42 Td (779,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 471.42 Td (Assets from risk management activities \(Note 16\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 471.42 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 471.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 457.42 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 457.42 Td (67,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 457.42 Td (48,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 443.42 Td (T) Tj ET Q q 0 0 0 rg BT 76.26 443.42 Td (otal investments and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 443.42 Td (938,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 443.42 Td (827,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 429.42 Td (CURRENT) Tj ET Q q 0 0 0 rg BT 99.08 429.42 Td ( ) Tj ET Q q 0 0 0 rg BT 101.21 429.42 Td (ASSETS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 490.50 427.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 427.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 415.42 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 415.42 Td (13,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 415.42 Td (8,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 401.42 Td (Customer and other receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 401.42 Td (292,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 401.42 Td (262,61) Tj ET Q q 0 0 0 rg BT 554.15 401.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 387.42 Td (Accrued unbilled revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 387.42 Td (1) Tj ET Q q 0 0 0 rg BT 462.65 387.42 Td (12,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 387.42 Td (107,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 373.42 Td (Allowance for doubtful accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 373.47 Td (\(2,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 373.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 373.47 Td (\(3,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 373.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 359.42 Td (Materials and supplies \(at average cost\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 359.42 Td (262,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 359.42 Td (252,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 345.42 Td (Fossil fuel \(at average cost\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 345.42 Td (25,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 345.42 Td (28,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 331.42 Td (Income tax receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 331.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 331.42 Td (1) Tj ET Q q 0 0 0 rg BT 536.65 331.42 Td (1,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 317.42 Td (Assets from risk management activities \(Note 16\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 317.42 Td (1,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 317.42 Td (19,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 303.42 Td (Deferred fuel and purchased power regulatory asset \(Note 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 303.42 Td (75,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 303.42 Td (12,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 289.42 Td (Other regulatory assets \(Note 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 289.42 Td (172,451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 289.42 Td (94,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 275.42 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 275.42 Td (41,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 275.42 Td (41,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 261.42 Td (T) Tj ET Q q 0 0 0 rg BT 76.26 261.42 Td (otal current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 261.42 Td (995,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 261.42 Td (837,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 247.42 Td (DEFERRED DEBITS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 490.50 245.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 245.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 233.42 Td (Regulatory assets \(Notes 1, 3, and 4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 233.42 Td (1,202,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 233.42 Td (1,313,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 219.42 Td (Assets for other postretirement benefits \(Note 7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 219.42 Td (265,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 219.42 Td (162,91) Tj ET Q q 0 0 0 rg BT 554.15 219.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 205.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 205.42 Td (129,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 205.42 Td (130,859) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 191.42 Td (T) Tj ET Q q 0 0 0 rg BT 75.91 191.42 Td (otal deferred debits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 191.42 Td (1,597,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 191.42 Td (1,607,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 177.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.43 177.42 Td (OT) Tj ET Q q 0 0 0 rg BT 70.96 177.42 Td (AL) Tj ET Q q 0 0 0 rg BT 83.92 177.42 Td ( ) Tj ET Q q 0 0 0 rg BT 85.86 177.42 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 177.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 177.42 Td (16,893,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 177.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.10 177.42 Td (15,931,175) Tj ET Q BT /F1 11.50 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.35 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.35 Td (The accompanying notes are an integral part of the financial statements.) 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381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 658.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 658.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 658.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 630.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 630.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 630.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 630.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 602.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 602.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 602.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 602.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 574.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 574.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 574.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 574.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 546.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 546.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 546.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 546.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 518.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 518.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 518.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 518.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 490.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 490.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 490.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 490.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 462.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 462.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 462.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 462.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 434.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 434.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 434.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 434.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 406.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 406.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 406.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 406.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 378.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 378.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 378.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 378.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 350.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 350.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 350.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 350.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 322.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 322.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 322.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 322.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 294.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 294.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 294.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 294.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 266.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 266.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 266.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 266.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 238.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 238.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 238.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 238.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 210.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 210.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 210.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 210.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 182.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 182.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 182.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 182.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 154.85 381.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 154.85 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 154.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 154.85 64.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 670.85 m 495 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 670.85 m 499 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 670.85 m 563 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 670.85 m 495 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 658.85 m 495 658.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 670.85 m 499 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 670.85 m 563 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 658.85 m 563 658.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 574.85 m 495 574.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 574.85 m 563 574.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 546.85 m 495 546.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 546.85 m 563 546.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 518.85 m 495 518.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 518.85 m 563 518.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 504.85 m 495 504.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 504.85 m 563 504.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 336.85 m 495 336.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 336.85 m 563 336.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 322.85 m 495 322.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 322.85 m 563 322.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 168.85000000000002 m 495 168.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 168.85000000000002 m 563 168.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 154.85000000000002 m 495 154.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 154.85000000000002 m 563 154.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 140.85000000000002 m 495 140.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 127.85000000000002 m 495 127.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 125.85000000000002 m 495 125.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 140.85000000000002 m 563 140.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 127.85000000000002 m 563 127.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 125.85000000000002 m 563 125.85000000000002 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 673.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.25 674.93 Td (December) Tj ET Q q 0 0 0 rg BT 507.82 674.93 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 661.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.50 662.93 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.50 662.93 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 649.42 Td (LIABILITIES ) Tj ET Q q 0 0 0 rg BT 111.93 649.42 Td (AND EQUITY) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 491.50 647.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 647.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 635.42 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 80.99 635.42 Td (ALIZA) Tj ET Q q 0 0 0 rg BT 110.03 635.42 Td (TION) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 491.50 633.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 633.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 621.42 Td (Common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.50 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 621.42 Td (178,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 621.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 621.42 Td (178,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 607.42 Td (Additional paid-in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 607.42 Td (2,571,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 607.42 Td (2,421,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 593.42 Td (Retained earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 593.42 Td (2,533,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 593.42 Td (2,331,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 579.42 Td (Accumulated other comprehensive loss \(Note 20\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.30 579.47 Td (\(26,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 579.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 579.47 Td (\(25,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 579.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 565.42 Td (T) Tj ET Q q 0 0 0 rg BT 64.26 565.42 Td (otal shareholder equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 565.42 Td (5,256,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 565.42 Td (4,905,680) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 551.42 Td (Noncontrolling interests \(Note 18\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 551.42 Td (129,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 551.42 Td (132,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 537.42 Td (T) Tj ET Q q 0 0 0 rg BT 87.91 537.42 Td (otal equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 537.42 Td (5,385,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 537.42 Td (5,037,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 523.42 Td (Long-term debt less current maturities \(Note 6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 523.42 Td (4,491,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 523.42 Td (4,021,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 509.42 Td (T) Tj ET Q q 0 0 0 rg BT 76.26 509.42 Td (otal capitalization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 509.42 Td (9,877,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 509.42 Td (9,059,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 495.42 Td (CURRENT) Tj ET Q q 0 0 0 rg BT 99.08 495.42 Td ( LIABILITIES) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 491.50 493.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 493.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 481.42 Td (Short-term borrowings \(Note 5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 481.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 481.42 Td (135,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 467.42 Td (Current maturities of long-term debt \(Note 6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 467.42 Td (82,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 467.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 453.42 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 453.42 Td (247,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 453.42 Td (259,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 439.42 Td (Accrued taxes \(Note 4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 439.42 Td (157,349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 439.42 Td (130,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 425.42 Td (Accrued interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 425.42 Td (55,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 425.42 Td (52,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 411.42 Td (Common dividends payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 411.42 Td (77,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 411.42 Td (72,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 397.42 Td (Customer deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 397.42 Td (70,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 397.42 Td (82,520) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 383.42 Td (Liabilities from risk management activities \(Note 16\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 383.42 Td (59,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 383.42 Td (25,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 369.42 Td (Liabilities for asset retirements \(Note 1) Tj ET Q q 0 0 0 rg BT 215.21 369.42 Td (1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 369.42 Td (4,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 369.42 Td (8,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 355.42 Td (Regulatory liabilities \(Note 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 355.42 Td (100,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 355.42 Td (99,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 341.42 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 341.42 Td (243,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 341.42 Td (226,417) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 327.42 Td (T) Tj ET Q q 0 0 0 rg BT 76.26 327.42 Td (otal current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 327.42 Td (1,098,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 327.42 Td (1,094,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 313.42 Td (DEFERRED CREDITS ) Tj ET Q q 0 0 0 rg BT 150.56 313.42 Td (AND OTHER) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 491.50 311.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 311.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 299.42 Td (Deferred income taxes \(Note 4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 299.42 Td (1,742,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 299.42 Td (2,999,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 285.42 Td (Regulatory liabilities \(Notes 1, 3, and 4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 285.42 Td (2,452,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 285.42 Td (948,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 271.42 Td (Liabilities for asset retirements \(Note 1) Tj ET Q q 0 0 0 rg BT 215.21 271.42 Td (1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 271.42 Td (666,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 271.42 Td (607,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 257.42 Td (Liabilities for pension benefits \(Note 7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 257.42 Td (306,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 257.42 Td (488,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 243.42 Td (Liabilities from risk management activities \(Note 16\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 243.42 Td (37,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 243.42 Td (47,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 229.42 Td (Customer advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 229.42 Td (1) Tj ET Q q 0 0 0 rg BT 463.65 229.42 Td (13,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 229.42 Td (88,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 215.42 Td (Coal mine reclamation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 215.42 Td (215,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 215.42 Td (206,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 201.42 Td (Deferred investment tax credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 201.42 Td (205,575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 201.42 Td (210,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 187.42 Td (Unrecognized tax benefits \(Note 4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 187.42 Td (43,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 187.42 Td (37,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 173.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 173.42 Td (133,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 173.42 Td (143,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 159.42 Td (T) Tj ET Q q 0 0 0 rg BT 75.91 159.42 Td (otal deferred credits and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 159.42 Td (5,918,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 159.42 Td (5,777,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 145.42 Td (COMMITMENTS ) Tj ET Q q 0 0 0 rg BT 129.73 145.42 Td (AND CONTINGENCIES \(SEE NOTES\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 131.42 Td (T) Tj ET Q q 0 0 0 rg BT 58.43 131.42 Td (OT) Tj ET Q q 0 0 0 rg BT 70.96 131.42 Td (AL) Tj ET Q q 0 0 0 rg BT 83.92 131.42 Td ( LIABILITIES ) Tj ET Q q 0 0 0 rg BT 145.57 131.42 Td (AND EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.50 131.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.10 131.42 Td (16,893,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.50 131.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.10 131.42 Td (15,931,175) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.55 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.38 113.55 Td (The accompanying notes are an integral part of the financial statements.) 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1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 685.65 m 439 685.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 685.65 m 443 685.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 685.65 m 504 685.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 685.65 m 508 685.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 685.65 m 562 685.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 685.65 m 439 685.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 674.65 m 439 674.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 685.65 m 443 685.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 685.65 m 504 685.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 674.65 m 504 674.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 685.65 m 508 685.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 685.65 m 562 685.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 674.65 m 562 674.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 399.65 m 439 399.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 399.65 m 504 399.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 399.65 m 562 399.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 388.65 m 439 388.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 388.65 m 504 388.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 388.65 m 562 388.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 311.65 m 439 311.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 311.65 m 504 311.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 311.65 m 562 311.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 300.65 m 439 300.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 300.65 m 504 300.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 300.65 m 562 300.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 223.64999999999998 m 439 223.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 223.64999999999998 m 504 223.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 223.64999999999998 m 562 223.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 212.64999999999998 m 439 212.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 212.64999999999998 m 504 212.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 212.64999999999998 m 562 212.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 190.64999999999998 m 439 190.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 190.64999999999998 m 504 190.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 190.64999999999998 m 562 190.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 190.64999999999998 m 439 190.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 180.64999999999998 m 439 180.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 178.64999999999998 m 439 178.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 190.64999999999998 m 504 190.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 180.64999999999998 m 504 180.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 178.64999999999998 m 504 178.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 190.64999999999998 m 562 190.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 180.64999999999998 m 562 180.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 178.64999999999998 m 562 178.64999999999998 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.65 688.10 Td (Y) Tj ET Q q 0 0 0 rg BT 426.65 688.10 Td (ear) Tj ET Q q 0 0 0 rg BT 438.56 688.10 Td (EndedDecember) Tj ET Q q 0 0 0 rg BT 506.89 688.10 Td (31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.00 677.10 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.00 677.10 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.50 677.10 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 665.96 Td (CASH FLOWS FROM OPERA) Tj ET Q q 0 0 0 rg BT 167.28 665.96 Td (TING ) Tj ET Q q 0 0 0 rg BT 190.27 665.96 Td (ACTIVITIES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 654.96 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 654.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.90 654.96 Td (523,802) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 654.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.90 654.96 Td (481,634) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.50 654.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.90 654.96 Td (469,207) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 643.96 Td (Adjustments to reconcile net income to net cash provided by operating activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 632.96 Td (Depreciation and amortization including nuclear fuel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.90 632.96 Td (608,935) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.90 632.96 Td (564,091) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.90 632.96 Td (571,540) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 621.96 Td (Deferred fuel and purchased power) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.40 621.96 Td (\(48,405) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 621.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.40 621.96 Td (\(60,303) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 621.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.40 621.96 Td (14,997) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 610.96 Td (Deferred fuel and purchased power amortization) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.40 610.96 Td (\(14,767) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 610.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.40 610.96 Td (38,152) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.90 610.96 Td (1,617) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 599.96 Td (Allowance for equity funds used during construction) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.40 599.96 Td (\(47,01) Tj ET Q q 0 0 0 rg BT 430.65 599.96 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 599.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.40 599.96 Td (\(42,140) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 599.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.40 599.96 Td (\(35,215) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 599.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 588.96 Td (Deferred income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.90 588.96 Td (249,465) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.90 588.96 Td (221,167) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.90 588.96 Td (223,069) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 577.96 Td (Deferred investment tax credit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.90 577.96 Td (\(4,587) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 577.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.40 577.96 Td (23,082) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.90 577.96 Td (8,473) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 566.96 Td (Change in derivative instruments fair value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.65 566.96 Td (\(373) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 566.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.65 566.96 Td (\(403) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 566.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.65 566.96 Td (\(381) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 566.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 555.96 Td (Changes in current assets and liabilities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 544.96 Td (Customer and other receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.40 544.96 Td (\(68,040) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 544.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.90 544.96 Td (\(1,601) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 544.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.40 544.96 Td (\(21,040) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 544.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 533.96 Td (Accrued unbilled revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.90 533.96 Td (\(4,485) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 533.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.40 533.96 Td (\(1) Tj ET Q q 0 0 0 rg BT 479.90 533.96 Td (1,709) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 533.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.90 533.96 Td (4,293) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 522.96 Td (Materials, supplies and fossil fuel) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.90 522.96 Td (\(6,503) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 522.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.90 522.96 Td (\(1,454) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 522.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.40 522.96 Td (\(23,945) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 522.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 511.96 Td (Income tax receivable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.40 511.96 Td (1) Tj ET Q q 0 0 0 rg BT 414.90 511.96 Td (1,174) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.40 511.96 Td (\(14,567) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 511.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.15 511.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 500.96 Td (Other current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.90 500.96 Td (\(6,775) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 500.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.40 500.96 Td (\(21,640) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 500.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.90 500.96 Td (4,498) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 489.96 Td (Accounts payable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.40 489.96 Td (\(26,561) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 489.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.40 489.96 Td (\(67,543) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 489.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.40 489.96 Td (\(34,891) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 489.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 478.96 Td (Accrued taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.40 478.96 Td (26,773) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.40 478.96 Td (\(13,912) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 478.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.40 478.96 Td (13,378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 467.96 Td (Other current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.40 467.96 Td (27,912) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.90 467.96 Td (5,097) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.90 467.96 Td (\(3,718) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 467.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 456.96 Td (Change in mar) Tj ET Q q 0 0 0 rg BT 110.40 456.96 Td (gin and collateral accounts assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.65 456.96 Td (\(300) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 456.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.65 456.96 Td (673) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.65 456.96 Td (\(324) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 456.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 445.96 Td (Change in mar) Tj ET Q q 0 0 0 rg BT 110.40 445.96 Td (gin and collateral accounts liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.65 445.96 Td (\(533) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 445.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.40 445.96 Td (17,735) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.40 445.96 Td (22,776) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 434.96 Td (Change in long-term regulatory liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.40 434.96 Td (45,764) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.40 434.96 Td (14,682) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.40 434.96 Td (\(20,535) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 434.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 423.96 Td (Change in unrecognized tax benefits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.90 423.96 Td (5,891) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.90 423.96 Td (1,628) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.40 423.96 Td (\(10,328) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 423.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 412.96 Td (Change in other long-term assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.40 412.96 Td (\(78,540) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 412.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.40 412.96 Td (\(45,866) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 412.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.65 412.96 Td (\(813) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 412.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 401.96 Td (Change in other long-term liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.40 401.96 Td (\(31,106) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 401.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.40 401.96 Td (\(76,855) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 401.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.40 401.96 Td (\(82,628) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 401.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 390.96 Td (Net cash flow provided by operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.15 390.96 Td (1,161,730) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.15 390.96 Td (1,009,948) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.10 390.96 Td (1,100,030) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 379.96 Td (CASH FLOWS FROM INVESTING ) Tj ET Q q 0 0 0 rg BT 188.26 379.96 Td (ACTIVITIES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 368.96 Td (Capital expenditures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.15 368.96 Td (\(1,381,930) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 368.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.15 368.96 Td (\(1,248,010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 368.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.15 368.96 Td (\(1,072,053) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 368.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 357.96 Td (Contributions in aid of construction) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.40 357.96 Td (23,708) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.40 357.96 Td (64,296) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.40 357.96 Td (46,546) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 346.96 Td (Allowance for borrowed funds used during construction) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.40 346.96 Td (\(22,1) Tj ET Q q 0 0 0 rg BT 426.15 346.96 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 346.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.40 346.96 Td (\(19,481) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 346.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.40 346.96 Td (\(16,183) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 346.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 335.96 Td (Proceeds from nuclear decommissioning trust sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.90 335.96 Td (542,246) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.90 335.96 Td (633,410) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.90 335.96 Td (478,813) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 324.96 Td (Investment in nuclear decommissioning trust) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.90 324.96 Td (\(544,527) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 324.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.90 324.96 Td (\(635,691) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 324.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.90 324.96 Td (\(496,062) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 324.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 313.96 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.40 313.96 Td (\(18,538) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 313.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.40 313.96 Td (\(13,865) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 313.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.90 313.96 Td (\(1,093) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 313.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 302.96 Td (Net cash flow used for investing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.15 302.96 Td (\(1,401,153) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 302.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.15 302.96 Td (\(1,219,341) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 302.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.15 302.96 Td (\(1,060,032) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 302.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 291.96 Td (CASH FLOWS FROM FINANCING ) Tj ET Q q 0 0 0 rg BT 189.77 291.96 Td (ACTIVITIES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 280.96 Td (Issuance of long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.90 280.96 Td (549,478) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.90 280.96 Td (693,151) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.90 280.96 Td (842,415) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 269.96 Td (Repayment of long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.15 269.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.90 269.96 Td (\(370,430) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 269.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.90 269.96 Td (\(415,570) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 269.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 258.96 Td (Short-term borrowings and \(repayments\) net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.90 258.96 Td (\(135,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 258.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.90 258.96 Td (135,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.90 258.96 Td (\(147,400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 258.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 247.96 Td (Dividends paid on common stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.90 247.96 Td (\(296,800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 247.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.90 247.96 Td (\(281,300) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 247.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.90 247.96 Td (\(266,900) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 247.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 236.96 Td (Equity infusion from Pinnacle ) Tj ET Q q 0 0 0 rg BT 168.40 236.96 Td (W) Tj ET Q q 0 0 0 rg BT 176.46 236.96 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 236.27 Td (150,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 236.27 Td (42,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 236.27 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 225.96 Td (Noncontrolling interests) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.40 225.96 Td (\(22,744) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 225.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.40 225.96 Td (\(22,744) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 225.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.40 225.96 Td (\(35,002) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 225.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 214.96 Td (Net cash flow provided by \(used for\) financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.90 214.96 Td (244,434) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.90 214.96 Td (196,177) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.40 214.96 Td (\(22,457) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.15 214.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 203.96 Td (NET) Tj ET Q q 0 0 0 rg BT 68.91 203.96 Td ( INCREASE \(DECREASE\) IN CASH ) Tj ET Q q 0 0 0 rg BT 209.84 203.96 Td (AND CASH EQUIV) Tj ET Q q 0 0 0 rg BT 285.01 203.96 Td (ALENTS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.90 203.96 Td (5,01) Tj ET Q q 0 0 0 rg BT 430.65 203.96 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.40 203.96 Td (\(13,216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.15 203.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.40 203.96 Td (17,541) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 192.96 Td (CASH ) Tj ET Q q 0 0 0 rg BT 77.51 192.96 Td (AND CASH EQUIV) Tj ET Q q 0 0 0 rg BT 152.68 192.96 Td (ALENTS ) Tj ET Q q 0 0 0 rg BT 188.60 192.96 Td (A) Tj ET Q q 0 0 0 rg BT 194.35 192.96 Td (T) Tj ET Q q 0 0 0 rg BT 199.27 192.96 Td ( BEGINNING OF ) Tj ET Q q 0 0 0 rg BT 267.27 192.96 Td (YEAR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.90 192.96 Td (8,840) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.40 192.96 Td (22,056) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.90 192.96 Td (4,515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 181.96 Td (CASH ) Tj ET Q q 0 0 0 rg BT 77.51 181.96 Td (AND CASH EQUIV) Tj ET Q q 0 0 0 rg BT 152.68 181.96 Td (ALENTS ) Tj ET Q q 0 0 0 rg BT 188.60 181.96 Td (A) Tj ET Q q 0 0 0 rg BT 194.35 181.96 Td (T) Tj ET Q q 0 0 0 rg BT 199.27 181.96 Td ( END OF ) Tj ET Q q 0 0 0 rg BT 235.77 181.96 Td (YEAR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 181.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.40 181.96 Td (13,851) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 181.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.90 181.96 Td (8,840) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.50 181.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.40 181.96 Td (22,056) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 170.96 Td (Supplemental disclosure of cash flow information:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 159.96 Td (Cash paid \(received\) during the year for:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 148.96 Td (Income taxes, net of refunds) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 148.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.40 148.96 Td (\(14,098) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.15 148.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 148.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.40 148.96 Td (26,864) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.50 148.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.40 148.96 Td (14,831) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 137.96 Td (Interest, net of amounts capitalized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.90 137.96 Td (184,210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.90 137.96 Td (181,809) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.90 137.96 Td (167,670) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 126.96 Td (Significant non-cash investing and financing activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 115.96 Td (Accrued capital expenditures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 115.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.90 115.96 Td (130,057) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.50 115.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.90 115.96 Td (1) Tj ET Q q 0 0 0 rg BT 475.40 115.96 Td (14,874) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.50 115.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.40 115.96 Td (83,798) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 104.96 Td (Dividends declared but not paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.40 104.96 Td (77,700) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.40 104.96 Td (72,900) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.40 104.96 Td (69,400) Tj ET Q BT /F1 11.50 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 91.15 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 79.15 Td (The accompanying notes are an integral part of the financial statements.) Tj ET Q endstream endobj 209 0 obj <>] /Rotate 0 /Contents 210 0 R>> endobj 210 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (100) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 198.35 734.75 Td (ARIZONA) Tj ET Q q 0 0 0 rg BT 252.03 734.75 Td ( PUBLIC SER) Tj ET Q q 0 0 0 rg BT 323.20 734.75 Td (VICE COMP) Tj ET Q q 0 0 0 rg BT 389.10 734.75 Td (ANY) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 149.05 720.95 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 217.85 720.95 Td (TED ST) Tj ET Q q 0 0 0 rg BT 257.58 720.95 Td (A) Tj ET Q q 0 0 0 rg BT 265.04 720.95 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 339.69 720.95 Td ( CHANGES IN EQUITY) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 252.60 707.15 Td (\(dollars in thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 641.65 124.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 641.65 49.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.00 641.65 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 641.65 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.00 641.65 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 641.65 48.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 641.65 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 641.65 46.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 641.65 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 641.65 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 641.65 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 641.65 61.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 641.65 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 641.65 51.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 604.65 124.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 604.65 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.00 604.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 604.65 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.00 604.65 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 604.65 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 604.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 604.65 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 604.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 604.65 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 604.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 604.65 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 604.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 604.65 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 576.65 124.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 576.65 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.00 576.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 576.65 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.00 576.65 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 576.65 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 576.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 576.65 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 576.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 576.65 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 576.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 576.65 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 576.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 576.65 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 548.65 124.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 548.65 49.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.00 548.65 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 548.65 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.00 548.65 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 548.65 48.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 548.65 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 548.65 46.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 548.65 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 548.65 64.00 -23.00 re f /GS0 gs 0.8 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 502.65 m 375 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 525.65 m 379 525.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 502.65 m 379 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 525.65 m 443 525.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 502.65 m 443 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 525.65 m 447 525.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 502.65 m 447 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 525.65 m 508 525.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 502.65 m 508 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 525.65 m 512 525.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 502.65 m 512 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 525.65 m 563 525.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 502.65 m 563 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 502.65 m 223 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 502.65 m 227 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 502.65 m 272 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 502.65 m 277 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 502.65 m 325 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 502.65 m 329 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 502.65 m 375 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 502.65 m 379 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 502.65 m 443 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 502.65 m 447 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 502.65 m 508 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 502.65 m 512 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 502.65 m 563 502.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 363.65 m 223 363.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 340.65 m 223 340.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 363.65 m 227 363.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 340.65 m 227 340.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 363.65 m 272 363.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 340.65 m 272 340.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 363.65 m 277 363.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 340.65 m 277 340.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 363.65 m 325 363.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 340.65 m 325 340.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 363.65 m 329 363.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 340.65 m 329 340.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 363.65 m 375 363.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 340.65 m 375 340.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 363.65 m 379 363.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 340.65 m 379 340.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 363.65 m 443 363.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 340.65 m 443 340.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 363.65 m 447 363.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 340.65 m 447 340.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 363.65 m 508 363.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 340.65 m 508 340.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 363.65 m 512 363.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 340.65 m 512 340.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 363.65 m 563 363.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 340.65 m 563 340.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 237.64999999999998 m 223 237.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 215.64999999999998 m 223 215.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 213.64999999999998 m 223 213.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 237.64999999999998 m 227 237.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 215.64999999999998 m 227 215.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 213.64999999999998 m 227 213.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 237.64999999999998 m 272 237.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 215.64999999999998 m 272 215.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227 213.64999999999998 m 272 213.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 237.64999999999998 m 277 237.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 215.64999999999998 m 277 215.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 213.64999999999998 m 277 213.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 237.64999999999998 m 325 237.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 215.64999999999998 m 325 215.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 213.64999999999998 m 325 213.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 237.64999999999998 m 375 237.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 215.64999999999998 m 375 215.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 213.64999999999998 m 375 213.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 237.64999999999998 m 379 237.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 215.64999999999998 m 379 215.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 213.64999999999998 m 379 213.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 237.64999999999998 m 443 237.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 215.64999999999998 m 443 215.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 213.64999999999998 m 443 213.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 237.64999999999998 m 447 237.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 215.64999999999998 m 447 215.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 213.64999999999998 m 447 213.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 237.64999999999998 m 508 237.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 215.64999999999998 m 508 215.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 213.64999999999998 m 508 213.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 237.64999999999998 m 512 237.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 215.64999999999998 m 512 215.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 213.64999999999998 m 512 213.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 237.64999999999998 m 563 237.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 215.64999999999998 m 563 215.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 213.64999999999998 m 563 213.64999999999998 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.35 660.11 Td (Common Stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 678.11 Td (Additional) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.25 669.11 Td (Paid-In) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.50 660.11 Td (Capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.50 669.11 Td (Retained) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.50 660.11 Td (Earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.50 687.11 Td (Accumulated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 678.11 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.25 669.11 Td (Comprehensive) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.35 660.11 Td (Income \(Loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 669.11 Td (Noncontrolling) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.75 660.11 Td (Interests) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.80 660.11 Td (T) Tj ET Q q 0 0 0 rg BT 532.98 660.11 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.00 646.11 Td (Shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.20 646.11 Td (Amount) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 623.11 Td (Balance, December 31, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 179.00 623.11 Td (71,264,947) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.50 623.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.25 623.11 Td (178,162) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.50 623.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.50 623.11 Td (2,379,696) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.50 623.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.50 623.11 Td (1,968,718) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.50 623.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.75 623.11 Td (\(48,333) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 623.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 623.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.25 623.11 Td (151,609) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.50 623.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.50 623.11 Td (4,629,852) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 595.11 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 595.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 595.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.25 595.11 Td (450,274) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 595.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 595.11 Td (18,933) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 595.11 Td (469,207) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 581.11 Td (Other comprehensive income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 581.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 581.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.50 581.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 581.11 Td (21,236) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 581.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 581.11 Td (21,236) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 567.11 Td (Dividends on common stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 567.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 567.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.25 567.11 Td (\(270,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.50 567.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 567.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 567.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.25 567.11 Td (\(270,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 567.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 553.11 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 553.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 553.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.00 553.11 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 553.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 553.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 553.11 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 539.11 Td (Net capital activities by) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 530.11 Td (noncontrolling interests) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 530.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 530.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.50 530.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 530.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.75 530.11 Td (\(35,002) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 530.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 530.11 Td (\(35,002) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 530.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 507.11 Td (Balance, December 31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 179.00 507.11 Td (71,264,947) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.25 507.11 Td (178,162) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.50 507.11 Td (2,379,696) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.50 507.11 Td (2,148,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.75 507.11 Td (\(27,097) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 507.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.25 507.11 Td (135,540) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.50 507.11 Td (4,814,794) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 479.11 Td (Equity infusion from Pinnacle) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 470.11 Td (W) Tj ET Q q 0 0 0 rg BT 60.63 470.11 Td (est) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 470.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.75 470.11 Td (42,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.50 470.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 470.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 470.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 470.11 Td (42,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 456.11 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 456.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 456.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.25 456.11 Td (462,141) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 456.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 456.11 Td (19,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 456.11 Td (481,634) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 442.11 Td (Other comprehensive income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 442.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 442.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.50 442.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.25 442.11 Td (1,674) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 442.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 442.11 Td (1,674) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 428.11 Td (Dividends on common stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 428.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 428.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.25 428.11 Td (\(284,800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.50 428.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 428.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 428.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.25 428.11 Td (\(284,800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 428.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 414.11 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 414.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 414.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.50 414.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 414.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 414.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 414.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 400.11 Td (Stock compensation cumulative) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 391.11 Td (ef) Tj ET Q q 0 0 0 rg BT 59.41 391.11 Td (fect adjustments \(See Note 15\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 391.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 391.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.25 391.11 Td (5,41) Tj ET Q q 0 0 0 rg BT 367.00 391.11 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 391.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 391.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 391.11 Td (5,41) Tj ET Q q 0 0 0 rg BT 555.00 391.11 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 377.11 Td (Net capital activities by) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 368.11 Td (noncontrolling interests) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 368.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 368.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.50 368.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 368.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.75 368.11 Td (\(22,743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 368.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 368.11 Td (\(22,743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 368.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 345.11 Td (Balance, December 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 179.00 345.11 Td (71,264,947) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.25 345.11 Td (178,162) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.50 345.11 Td (2,421,696) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.50 345.11 Td (2,331,245) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.75 345.11 Td (\(25,423) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 345.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.25 345.11 Td (132,290) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.50 345.11 Td (5,037,970) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 315.91 Td (Equity infusion from Pinnacle) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 306.91 Td (W) Tj ET Q q 0 0 0 rg BT 60.63 306.91 Td (est) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 307.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.25 307.11 Td (150,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.50 307.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 307.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 307.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 307.11 Td (150,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 293.11 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 293.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 293.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.25 293.11 Td (504,309) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 293.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 293.11 Td (19,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 293.11 Td (523,802) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 279.11 Td (Other comprehensive loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 279.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 279.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.50 279.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.25 279.11 Td (\(1,560) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 279.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 279.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 279.11 Td (\(1,560) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 279.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 265.11 Td (Dividends on common stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 265.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 265.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.25 265.11 Td (\(301,600) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.50 265.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 265.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 265.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.25 265.11 Td (\(301,600) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 265.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 251.11 Td (Net capital activities by) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 242.11 Td (noncontrolling interests) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 259.50 242.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 242.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.50 242.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 242.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.75 242.11 Td (\(22,743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 242.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.75 242.11 Td (\(22,743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 242.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 219.11 Td (Balance, December 31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 179.00 219.11 Td (71,264,947) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.50 219.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.25 219.11 Td (178,162) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.50 219.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.50 219.11 Td (2,571,696) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.50 219.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.50 219.11 Td (2,533,954) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.50 219.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.75 219.11 Td (\(26,983) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 219.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 219.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.25 219.11 Td (129,040) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.50 219.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.50 219.11 Td (5,385,869) Tj ET Q BT /F1 11.50 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 189.35 Td (The accompanying notes are an integral part of the financial statements.) Tj ET Q endstream endobj 211 0 obj <>] /Rotate 0 /Contents 212 0 R>> endobj 212 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (101) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (1) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 55.25 707.25 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 707.25 Td (Summary of Significant ) Tj ET Q q 0 0 0 rg BT 204.66 707.25 Td (Accounting Policies) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 300.81 707.25 Td ( ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (Description of Business and Basis of Pr) Tj ET Q q 0 0 0 rg BT 240.98 679.65 Td (esentation) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 652.05 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 652.05 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 652.05 Td (est is a holding company that conducts business through its subsidiaries, ) Tj ET Q q 0 0 0 rg BT 472.46 652.05 Td (APS, El Dorado, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (BCE and 4CA. ) Tj ET Q q 0 0 0 rg BT 123.94 638.25 Td (APS, our wholly-owned subsidiary) Tj ET Q q 0 0 0 rg BT 284.83 638.25 Td (, is a vertically-integrated electric utility that provides either ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (retail or wholesale electric service to substantially all of the state of ) Tj ET Q q 0 0 0 rg BT 361.81 624.45 Td (Arizona, with the major exceptions of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (about one-half of the Phoenix metropolitan area, the ) Tj ET Q q 0 0 0 rg BT 292.31 610.65 Td (T) Tj ET Q q 0 0 0 rg BT 298.93 610.65 Td (ucson metropolitan area and Mohave County in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (northwestern ) Tj ET Q q 0 0 0 rg BT 111.78 596.85 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 156.81 596.85 Td (APS accounts for essentially all of our revenues and earnings, and is expected to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (continue to do so. El Dorado is an investment firm. BCE is a subsidiary that was formed in 2014 that focuses ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (on growth opportunities that leverage the Company's core expertise in the electric ener) Tj ET Q q 0 0 0 rg BT 447.98 569.25 Td (gy industry) Tj ET Q q 0 0 0 rg BT 499.31 569.25 Td (. BCE is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (currently pursuing transmission opportunities through a joint venture arrangement. 4CA) Tj ET Q q 0 0 0 rg BT 456.73 555.45 Td ( is a subsidiary that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (was formed in 2016 as a result of the purchase of El Paso's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 322.72 541.65 Td (7%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 338.05 541.65 Td ( interest in Four Corners.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 527.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 514.05 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 514.05 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 514.05 Td (est) Tj ET Q q 0 0 0 rg BT 153.67 514.05 Td (s Consolidated Financial Statements include the accounts of Pinnacle ) Tj ET Q q 0 0 0 rg BT 475.08 514.05 Td (W) Tj ET Q q 0 0 0 rg BT 485.01 514.05 Td (est and our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (subsidiaries: ) Tj ET Q q 0 0 0 rg BT 112.11 500.25 Td (APS, El Dorado, BCE and 4CA. ) Tj ET Q q 0 0 0 rg BT 266.73 500.25 Td (APS) Tj ET Q q 0 0 0 rg BT 291.02 500.25 Td (s consolidated financial statements include the accounts of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td (APS and certain ) Tj ET Q q 0 0 0 rg BT 126.90 486.45 Td (VIEs relating to the Palo ) Tj ET Q q 0 0 0 rg BT 243.27 486.45 Td (V) Tj ET Q q 0 0 0 rg BT 250.30 486.45 Td (erde sale leaseback. Intercompany accounts and transactions ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.65 Td (between the consolidated companies have been eliminated.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 458.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 445.05 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 445.05 Td (e consolidate ) Tj ET Q q 0 0 0 rg BT 158.46 445.05 Td (VIEs for which we are the primary beneficiary) Tj ET Q q 0 0 0 rg BT 372.60 445.05 Td (. ) Tj ET Q q 0 0 0 rg BT 381.02 445.05 Td (W) Tj ET Q q 0 0 0 rg BT 390.95 445.05 Td (e determine whether we are the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (primary beneficiary of a ) Tj ET Q q 0 0 0 rg BT 163.60 431.25 Td (VIE through a qualitative analysis that identifies which variable interest holder has the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.45 Td (controlling financial interest in the ) Tj ET Q q 0 0 0 rg BT 211.21 417.45 Td (VIE. In performing our primary beneficiary analysis, we consider all ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.65 Td (relevant facts and circumstances, including the design and activities of the ) Tj ET Q q 0 0 0 rg BT 393.54 403.65 Td (VIE, the terms of the contracts the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.85 Td (VIE has entered into, and which parties participated significantly in the design or redesign of the entity) Tj ET Q q 0 0 0 rg BT 522.36 389.85 Td (. ) Tj ET Q q 0 0 0 rg BT 530.78 389.85 Td (W) Tj ET Q q 0 0 0 rg BT 540.71 389.85 Td (e ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.05 Td (continually evaluate our primary beneficiary conclusions to determine if changes have occurred which would ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (impact our primary beneficiary assessments. ) Tj ET Q q 0 0 0 rg BT 259.75 362.25 Td (W) Tj ET Q q 0 0 0 rg BT 269.68 362.25 Td (e have determined that ) Tj ET Q q 0 0 0 rg BT 376.33 362.25 Td (APS is the primary beneficiary of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 83.45 348.45 Td (VIE lessor trusts relating to the Palo ) Tj ET Q q 0 0 0 rg BT 252.85 348.45 Td (V) Tj ET Q q 0 0 0 rg BT 259.88 348.45 Td (erde sale leaseback, and therefore ) Tj ET Q q 0 0 0 rg BT 416.96 348.45 Td (APS consolidates these entities ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.65 Td (\(see Note 18\).) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 320.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 307.05 Td (Our consolidated financial statements reflect all adjustments \(consisting only of normal recurring ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (adjustments, except as otherwise disclosed in the notes\) that we believe are necessary for the fair presentation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.45 Td (of our financial position, results of operations and cash flows for the periods presented.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 251.85 Td (Certain line items are presented in a more condensed form on the Consolidated Balance Sheets than in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.05 Td (the prior year) Tj ET Q q 0 0 0 rg BT 110.81 238.05 Td (. ) Tj ET Q q 0 0 0 rg BT 119.23 238.05 Td (The prior year amounts were reclassified to conform to the current year presentation. ) Tj ET Q q 0 0 0 rg BT 515.30 238.05 Td (These ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (reclassifications have no impact on accumulated other comprehensive loss. ) Tj ET Q q 0 0 0 rg BT 400.25 224.25 Td (The following tables show the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.45 Td (impacts of the reclassifications of the prior year \(previously reported\) amounts \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 186.15 215.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 186.15 87.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 186.15 4.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 186.15 94.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 186.15 4.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 186.15 109.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 126.15 215.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 126.15 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 126.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 126.15 94.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 126.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 126.15 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 96.15 215.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 96.15 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 96.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 96.15 94.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 96.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 96.15 109.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 186.14999999999998 m 264 186.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 141.14999999999998 m 264 141.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 186.14999999999998 m 351 186.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 141.14999999999998 m 351 141.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 186.14999999999998 m 449 186.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 141.14999999999998 m 449 141.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 186.14999999999998 m 562 186.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 141.14999999999998 m 562 141.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 141.14999999999998 m 264 141.14999999999998 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 155.83 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 90.48 155.83 Td (W) Tj ET Q q 0 0 0 rg BT 99.93 155.83 Td (est Capital Corporation Consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 145.83 Td (Balance Sheets- December) Tj ET Q q 0 0 0 rg BT 164.06 145.83 Td ( 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.05 155.83 Td (Aspr) Tj ET Q q 0 0 0 rg BT 301.48 155.83 Td (eviously) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.45 145.83 Td (r) Tj ET Q q 0 0 0 rg BT 292.71 145.83 Td (eported) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.80 175.83 Td (Reclassificationsto) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.75 165.83 Td (conformtocurr) Tj ET Q q 0 0 0 rg BT 428.88 165.83 Td (ent) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.15 155.83 Td (year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.90 145.83 Td (pr) Tj ET Q q 0 0 0 rg BT 384.72 145.83 Td (esentation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.30 175.83 Td (Amountr) Tj ET Q q 0 0 0 rg BT 500.06 175.83 Td (eportedafter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.70 165.83 Td (r) Tj ET Q q 0 0 0 rg BT 473.96 165.83 Td (eclassificationto) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.65 155.83 Td (conformtocurr) Tj ET Q q 0 0 0 rg BT 523.77 155.83 Td (entyear) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.40 145.83 Td (pr) Tj ET Q q 0 0 0 rg BT 490.22 145.83 Td (esentation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 131.88 Td (Accumulated other) Tj ET Q q 0 0 0 rg BT 133.25 131.88 Td ( compr) Tj ET Q q 0 0 0 rg BT 163.34 131.88 Td (ehensive loss:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 115.82 Td (Pension and other postretirement benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.50 115.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 115.87 Td (\(39,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 115.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 115.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 115.82 Td (39,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 115.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 115.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 100.82 Td (Derivative instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.30 100.87 Td (\(4,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 100.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 100.82 Td (4,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 100.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 85.82 Td (T) Tj ET Q q 0 0 0 rg BT 63.26 85.82 Td (otal accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 85.87 Td (\(43,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 85.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 85.82 Td (43,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 85.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 70.82 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 70.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.30 70.87 Td (\(43,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 70.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 70.87 Td (\(43,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 70.82 Td (\)) Tj ET Q BT /F1 11.50 Tf ET endstream endobj 213 0 obj <>] /Rotate 0 /Contents 214 0 R>> endobj 214 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (102) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 728.50 209.00 -44.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 728.50 90.00 -44.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 728.50 4.00 -44.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 728.50 94.00 -44.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 728.50 4.00 -44.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 728.50 109.00 -44.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 669.50 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 669.50 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 669.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 669.50 94.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 669.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 669.50 109.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 639.50 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 639.50 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 639.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 639.50 94.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 639.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 639.50 109.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 728.5 m 259.5 728.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 684.5 m 259.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 728.5 m 349.5 728.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 684.5 m 349.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 728.5 m 447.5 728.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 684.5 m 447.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 728.5 m 560.5 728.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 684.5 m 560.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 684.5 m 259.5 684.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 699.18 Td (Arizona Public Service Company Consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 689.18 Td (Balance Sheets - December) Tj ET Q q 0 0 0 rg BT 168.06 689.18 Td ( 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.05 699.18 Td (Aspr) Tj ET Q q 0 0 0 rg BT 298.48 699.18 Td (eviously) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.45 689.18 Td (r) Tj ET Q q 0 0 0 rg BT 289.71 689.18 Td (eported) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.30 719.18 Td (Reclassificationsto) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.25 709.18 Td (conformtocurr) Tj ET Q q 0 0 0 rg BT 427.38 709.18 Td (ent) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.65 699.18 Td (year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.40 689.18 Td (pr) Tj ET Q q 0 0 0 rg BT 383.22 689.18 Td (esentation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.80 719.18 Td (Amountr) Tj ET Q q 0 0 0 rg BT 498.56 719.18 Td (eportedafter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.20 709.18 Td (r) Tj ET Q q 0 0 0 rg BT 472.46 709.18 Td (eclassificationto) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 699.18 Td (conformtocurr) Tj ET Q q 0 0 0 rg BT 522.27 699.18 Td (entyear) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.90 689.18 Td (pr) Tj ET Q q 0 0 0 rg BT 488.72 689.18 Td (esentation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 675.23 Td (Accumulated other) Tj ET Q q 0 0 0 rg BT 134.75 675.23 Td ( compr) Tj ET Q q 0 0 0 rg BT 164.84 675.23 Td (ehensive loss:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 659.17 Td (Pension and other postretirement benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 659.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.80 659.22 Td (\(20,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 659.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.00 659.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 659.17 Td (20,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 659.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 659.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 644.17 Td (Derivative instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 644.22 Td (\(4,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 644.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 644.17 Td (4,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 644.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 629.17 Td (T) Tj ET Q q 0 0 0 rg BT 64.76 629.17 Td (otal accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.80 629.22 Td (\(25,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 629.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 629.17 Td (25,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 629.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 614.17 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 614.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.80 614.22 Td (\(25,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 614.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.80 614.22 Td (\(25,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 614.17 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.20 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 596.20 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 596.20 Td ( ) Tj ET Q q 0 0 0 rg BT 157.50 596.20 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 582.40 Td (Accounting Records and Use of Estimates) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.60 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 554.80 Td (Our accounting records are maintained in accordance with generally accepted in the United States of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.00 Td (America \("GAAP"\). ) Tj ET Q q 0 0 0 rg BT 148.74 541.00 Td (The preparation of financial statements in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 452.32 541.00 Td ( requires management ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.20 Td (to make estimates and assumptions that af) Tj ET Q q 0 0 0 rg BT 242.84 527.20 Td (fect the reported amounts of assets and liabilities, disclosure of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.40 Td (contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.60 Td (expenses during the reporting period. ) Tj ET Q q 0 0 0 rg BT 226.11 499.60 Td (Actual results could dif) Tj ET Q q 0 0 0 rg BT 333.54 499.60 Td (fer from those estimates.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 472.00 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 106.68 472.00 Td (Accounting) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.20 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 444.40 Td (APS is regulated by the ) Tj ET Q q 0 0 0 rg BT 196.34 444.40 Td (ACC and FERC. ) Tj ET Q q 0 0 0 rg BT 279.52 444.40 Td (The accompanying financial statements reflect the rate-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.60 Td (making policies of these commissions. ) Tj ET Q q 0 0 0 rg BT 232.53 430.60 Td (As a result, we capitalize certain costs that would be included as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 416.80 Td (expense in the current period by unregulated companies. Regulatory assets represent incurred costs that have ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.00 Td (been deferred because they are probable of future recovery in customer rates. Regulatory liabilities generally ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.20 Td (represent amounts collected in rates to recover costs expected to be incurred in the future or amounts collected ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.40 Td (in excess of costs incurred and are refundable to customers. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.60 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 347.80 Td (Management continually assesses whether our regulatory assets are probable of future recovery by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.00 Td (considering factors such as changes in the applicable regulatory environment and recent rate orders applicable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.20 Td (to ) Tj ET Q q 0 0 0 rg BT 60.69 320.20 Td (APS or other regulated entities in the same jurisdiction. ) Tj ET Q q 0 0 0 rg BT 321.42 320.20 Td (This determination reflects the current political and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 306.40 Td (regulatory climate in ) Tj ET Q q 0 0 0 rg BT 147.54 306.40 Td (Arizona and is subject to change in the future. If future recovery of costs ceases to be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.60 Td (probable, the assets would be written of) Tj ET Q q 0 0 0 rg BT 232.29 292.60 Td (f as a char) Tj ET Q q 0 0 0 rg BT 279.01 292.60 Td (ge in current period earnings.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 278.80 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 265.00 Td (See Note 3 for additional information.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.20 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 237.40 Td (Electric Revenues) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.60 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 209.80 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 209.80 Td (e derive electric revenues primarily from sales of electricity to our regulated Native Load customers. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.00 Td (Revenues related to the sale of electricity are generally recorded when service is rendered or electricity is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.20 Td (delivered to customers. ) Tj ET Q q 0 0 0 rg BT 162.03 182.20 Td (The billing of electricity sales to individual Native Load customers is based on the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 168.40 Td (reading of their meters, which occurs on a systematic basis throughout the month. Unbilled revenues are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 154.60 Td (estimated by applying an average revenue/kWh by customer class to the number of estimated kWhs delivered ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 140.80 Td (but not billed. Dif) Tj ET Q q 0 0 0 rg BT 134.58 140.80 Td (ferences historically between the actual and estimated unbilled revenues are immaterial. ) Tj ET Q q 0 0 0 rg BT 544.69 140.80 Td (W) Tj ET Q q 0 0 0 rg BT 554.63 140.80 Td (e ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.00 Td (exclude sales taxes and franchise fees on electric revenues from both revenue and taxes other than income ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.20 Td (taxes.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 99.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 85.65 Td (Revenues from our Native Load customers and non-derivative instruments are reported on a gross ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 71.85 Td (basis on Pinnacle ) Tj ET Q q 0 0 0 rg BT 132.02 71.85 Td (W) Tj ET Q q 0 0 0 rg BT 141.95 71.85 Td (est) Tj ET Q q 0 0 0 rg BT 157.92 71.85 Td (s Consolidated Statements of Income. In the electricity business, some contracts to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.05 Td (purchase ener) Tj ET Q q 0 0 0 rg BT 112.82 58.05 Td (gy are netted against other contracts to sell ener) Tj ET Q q 0 0 0 rg BT 331.67 58.05 Td (gy) Tj ET Q q 0 0 0 rg BT 342.43 58.05 Td (. ) Tj ET Q q 0 0 0 rg BT 350.84 58.05 Td (This is called a book-out and usually ) Tj ET Q endstream endobj 215 0 obj <>] /Rotate 0 /Contents 216 0 R>> endobj 216 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (103) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (occurs for contracts that have the same terms \(quantities and delivery points\) and for which power does not ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (flow) Tj ET Q q 0 0 0 rg BT 69.83 707.25 Td (. ) Tj ET Q q 0 0 0 rg BT 78.25 707.25 Td (W) Tj ET Q q 0 0 0 rg BT 88.18 707.25 Td (e net these book-outs, which reduces both revenues and fuel and purchased power costs.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 679.65 Td (Some of our cost recovery mechanisms are alternative revenue programs. For alternative revenue ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (programs that meet specified accounting criteria, we recognize revenues when the specific events permitting ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (billing of the additional revenues have been completed.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (Allowance for) Tj ET Q q 0 0 0 rg BT 117.96 624.45 Td ( Doubtful ) Tj ET Q q 0 0 0 rg BT 167.17 624.45 Td (Accounts) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 596.85 Td (The allowance for doubtful accounts represents our best estimate of existing accounts receivable that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (will ultimately be uncollectible. ) Tj ET Q q 0 0 0 rg BT 201.31 583.05 Td (The allowance is calculated by applying estimated write-of) Tj ET Q q 0 0 0 rg BT 472.86 583.05 Td (f factors to various ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (classes of outstanding receivables, including accrued utility revenues. ) Tj ET Q q 0 0 0 rg BT 375.35 569.25 Td (The write-of) Tj ET Q q 0 0 0 rg BT 432.94 569.25 Td (f factors used to estimate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (uncollectible accounts are based upon consideration of both historical collections experience and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (management) Tj ET Q q 0 0 0 rg BT 111.45 541.65 Td (s best estimate of future collections success given the existing collections environment.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td (Pr) Tj ET Q q 0 0 0 rg BT 61.42 514.05 Td (operty) Tj ET Q q 0 0 0 rg BT 92.72 514.05 Td (, Plant and Equipment) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 486.45 Td (Utility plant is the term we use to describe the business property and equipment that supports electric ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.65 Td (service, consisting primarily of generation, transmission and distribution facilities. ) Tj ET Q q 0 0 0 rg BT 434.15 472.65 Td (W) Tj ET Q q 0 0 0 rg BT 444.09 472.65 Td (e report utility plant at its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.85 Td (original cost, which includes:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 431.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 431.25 Td (material and labor;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 417.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 417.45 Td (contractor costs;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 403.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 403.65 Td (capitalized leases;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 389.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 389.85 Td (construction overhead costs \(where applicable\); and) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 376.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 376.05 Td (allowance for funds used during construction.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 348.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 348.45 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 348.45 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 348.45 Td (est) Tj ET Q q 0 0 0 rg BT 153.67 348.45 Td (s property) Tj ET Q q 0 0 0 rg BT 199.23 348.45 Td (, plant and equipment included in the December 31, 2017 and 2016 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.65 Td (Consolidated Balance Sheets is composed of the following \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 296.35 329.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 296.35 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 296.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 296.35 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 268.35 329.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 268.35 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 268.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 268.35 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 240.35 329.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 240.35 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 240.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 240.35 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 212.35 329.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 212.35 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 212.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 212.35 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 184.35 329.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 184.35 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 184.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 184.35 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 156.35 329.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 156.35 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 156.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 156.35 90.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 296.35 m 468 296.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 296.35 m 562 296.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 296.35 m 468 296.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 296.35 m 562 296.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 240.35000000000002 m 468 240.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 240.35000000000002 m 562 240.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 212.35000000000002 m 468 212.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 212.35000000000002 m 562 212.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 142.35000000000002 m 468 142.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 129.35000000000002 m 468 129.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 127.35000000000002 m 468 127.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 142.35000000000002 m 562 142.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 129.35000000000002 m 562 129.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 127.35000000000002 m 562 127.35000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 301.03 Td (Pr) Tj ET Q q 0 0 0 rg BT 61.87 301.03 Td (operty) Tj ET Q q 0 0 0 rg BT 89.08 301.03 Td (, Plant and Equipment:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.50 301.03 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.50 301.03 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 286.92 Td (Generation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 286.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 286.92 Td (7,963,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.50 286.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 286.92 Td (7,874,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 272.92 Td (T) Tj ET Q q 0 0 0 rg BT 57.43 272.92 Td (ransmission) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 272.92 Td (2,836,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 272.92 Td (2,746,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 258.92 Td (Distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 258.92 Td (6,025,856) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 258.92 Td (5,738,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 244.92 Td (General plant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 244.92 Td (971,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 244.92 Td (981,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 230.92 Td (Plant in service and held for future use) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 230.92 Td (17,798,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 230.92 Td (17,341,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 216.92 Td (Accumulated depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.80 216.97 Td (\(6,128,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 216.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 216.97 Td (\(5,970,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 216.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 202.92 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 202.92 Td (1) Tj ET Q q 0 0 0 rg BT 424.15 202.92 Td (1,669,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 202.92 Td (1) Tj ET Q q 0 0 0 rg BT 518.15 202.92 Td (1,371,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 188.92 Td (Construction work in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 188.92 Td (1,291,498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 188.92 Td (1,019,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 174.92 Td (Palo ) Tj ET Q q 0 0 0 rg BT 71.69 174.92 Td (V) Tj ET Q q 0 0 0 rg BT 78.27 174.92 Td (erde sale leaseback, net of accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 174.92 Td (109,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 174.92 Td (1) Tj ET Q q 0 0 0 rg BT 530.65 174.92 Td (13,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 160.92 Td (Intangible assets, net of accumulated amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 160.92 Td (257,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 160.92 Td (90,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 146.92 Td (Nuclear fuel, net of accumulated amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 146.92 Td (1) Tj ET Q q 0 0 0 rg BT 436.65 146.92 Td (17,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 146.92 Td (1) Tj ET Q q 0 0 0 rg BT 530.65 146.92 Td (19,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 132.92 Td (T) Tj ET Q q 0 0 0 rg BT 56.91 132.92 Td (otal property) Tj ET Q q 0 0 0 rg BT 107.63 132.92 Td (, plant and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 132.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 132.92 Td (13,445,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.50 132.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 132.92 Td (12,714,276) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 101.25 Td (Property) Tj ET Q q 0 0 0 rg BT 124.36 101.25 Td (, plant and equipment balances and classes for ) Tj ET Q q 0 0 0 rg BT 339.28 101.25 Td (APS are not materially dif) Tj ET Q q 0 0 0 rg BT 459.80 101.25 Td (ferent than Pinnacle ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 87.45 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 87.45 Td (est. ) Tj ET Q endstream endobj 217 0 obj <>] /Rotate 0 /Contents 218 0 R>> endobj 218 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (104) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 721.05 Td (e expense the costs of plant outages, major maintenance and routine maintenance as incurred. ) Tj ET Q q 0 0 0 rg BT 531.11 721.05 Td (W) Tj ET Q q 0 0 0 rg BT 541.05 721.05 Td (e ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (char) Tj ET Q q 0 0 0 rg BT 69.08 707.25 Td (ge retired utility plant to accumulated depreciation. Liabilities associated with the retirement of tangible ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (long-lived assets are recognized at fair value as incurred and capitalized as part of the related tangible long-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (lived assets. ) Tj ET Q q 0 0 0 rg BT 110.19 679.65 Td (Accretion of the liability due to the passage of time is an operating expense, and the capitalized ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (cost is depreciated over the useful life of the long-lived asset. See Note1) Tj ET Q q 0 0 0 rg BT 387.27 665.85 Td (1.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 652.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 638.25 Td (APS records a regulatory liability for the dif) Tj ET Q q 0 0 0 rg BT 288.73 638.25 Td (ference between the amount that has been recovered in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (regulated rates and the amount calculated in accordance with guidance on accounting for asset retirement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 108.60 610.65 Td (APS believes it can recover in regulated rates the costs calculated in accordance with this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (accounting guidance.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 569.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 569.25 Td (e record depreciation and amortization on utility plant on a straight-line basis over the remaining ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (useful life of the related assets. ) Tj ET Q q 0 0 0 rg BT 197.47 555.45 Td (The approximate remaining average useful lives of our utility property at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 139.87 541.65 Td ( were as follows:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 527.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 514.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 514.05 Td (Fossil plant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 192.11 514.05 Td (21 years) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 230.75 514.05 Td (;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 500.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 500.25 Td (Nuclear plant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 201.01 500.25 Td (26 years) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 239.65 500.25 Td (;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 486.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 486.45 Td (Other generation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 216.34 486.45 Td (25 years) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 254.98 486.45 Td (;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 472.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 472.65 Td (T) Tj ET Q q 0 0 0 rg BT 128.12 472.65 Td (ransmission ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 200.32 472.65 Td (38 years) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 238.96 472.65 Td (;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 458.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 458.85 Td (Distribution ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 194.34 458.85 Td (33 years) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 232.98 458.85 Td (; and) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 445.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 445.05 Td (General plant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 201.01 445.05 Td (6 years) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 233.90 445.05 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 431.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 417.45 Td (Depreciation of utility property) Tj ET Q q 0 0 0 rg BT 228.78 417.45 Td (, plant and equipment is computed on a straight-line, remaining-life ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.65 Td (basis. Depreciation expense was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 204.06 403.65 Td ($453 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 263.17 403.65 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 277.86 403.65 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.86 403.65 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.61 403.65 Td ($422 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 365.71 403.65 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 380.41 403.65 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.41 403.65 Td (, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 428.64 403.65 Td ($430 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 487.74 403.65 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 502.43 403.65 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 525.43 403.65 Td (. For ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.85 Td (the years ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 93.56 389.85 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 116.56 389.85 Td ( through ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 158.09 389.85 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 181.09 389.85 Td (, the depreciation rates ranged from a low of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 388.01 389.85 Td (0.18%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 417.71 389.85 Td ( to a high of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 476.16 389.85 Td (16.44%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 511.62 389.85 Td (. ) Tj ET Q q 0 0 0 rg BT 520.04 389.85 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.05 Td (weighted-average depreciation rate was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 234.68 376.05 Td (2.80%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 264.39 376.05 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 279.08 376.05 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 302.08 376.05 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 307.83 376.05 Td (2.66%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 337.54 376.05 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 352.23 376.05 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 375.23 376.05 Td (, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 400.46 376.05 Td (2.74%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.17 376.05 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 444.86 376.05 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 467.86 376.05 Td (.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 348.45 Td (Asset Retir) Tj ET Q q 0 0 0 rg BT 103.90 348.45 Td (ement Obligations) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 320.85 Td (APS has asset retirement obligations for its Palo ) Tj ET Q q 0 0 0 rg BT 310.16 320.85 Td (V) Tj ET Q q 0 0 0 rg BT 317.19 320.85 Td (erde nuclear facilities and certain other generation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.05 Td (assets. ) Tj ET Q q 0 0 0 rg BT 84.75 307.05 Td (The Palo ) Tj ET Q q 0 0 0 rg BT 128.62 307.05 Td (V) Tj ET Q q 0 0 0 rg BT 135.65 307.05 Td (erde asset retirement obligation primarily relates to final plant decommissioning. ) Tj ET Q q 0 0 0 rg BT 512.93 307.05 Td (This ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (obligation is based on the NRC) Tj ET Q q 0 0 0 rg BT 196.76 293.25 Td (s requirements for disposal of radiated property or plant and agreements ) Tj ET Q q 0 0 0 rg BT 530.48 293.25 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.45 Td (reached with the ) Tj ET Q q 0 0 0 rg BT 127.73 279.45 Td (ACC for final decommissioning of the plant. ) Tj ET Q q 0 0 0 rg BT 339.29 279.45 Td (The non-nuclear generation asset retirement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.65 Td (obligations primarily relate to requirements for removing portions of those plants at the end of the plant life or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.85 Td (lease term and coal ash pond closures. Some of ) Tj ET Q q 0 0 0 rg BT 272.10 251.85 Td (APS) Tj ET Q q 0 0 0 rg BT 296.39 251.85 Td (s transmission and distribution assets have asset ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.05 Td (retirement obligations because they are subject to right of way and easement agreements that require final ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (removal. ) Tj ET Q q 0 0 0 rg BT 95.60 224.25 Td (These agreements have a history of uninterrupted renewal that ) Tj ET Q q 0 0 0 rg BT 384.59 224.25 Td (APS expects to continue. ) Tj ET Q q 0 0 0 rg BT 505.33 224.25 Td (As a result, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.45 Td (APS cannot reasonably estimate the fair value of the asset retirement obligation related to such transmission ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.65 Td (and distribution assets. ) Tj ET Q q 0 0 0 rg BT 159.71 196.65 Td (Additionally) Tj ET Q q 0 0 0 rg BT 217.10 196.65 Td (, ) Tj ET Q q 0 0 0 rg BT 222.21 196.65 Td (APS has aquifer protection permits for some of its generation sites that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.85 Td (require the closure of certain facilities at those sites.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 154.65 Td (See Note 1) Tj ET Q q 0 0 0 rg BT 135.53 154.65 Td (1 for ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 160.44 154.65 Td (further information on ) Tj ET Q q 0 0 0 rg BT 270.08 154.65 Td (Asset Retirement Obligations.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 126.45 Td (Allowance for) Tj ET Q q 0 0 0 rg BT 117.96 126.45 Td ( Funds Used During Construction) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 112.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 98.85 Td (AFUDC represents the approximate net composite interest cost of borrowed funds and an allowed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 85.05 Td (return on the equity funds used for construction of regulated utility plant. Both the debt and equity ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 71.25 Td (components of ) Tj ET Q q 0 0 0 rg BT 119.77 71.25 Td (AFUDC are non-cash amounts within the Consolidated Statements of Income. Plant ) Tj ET Q endstream endobj 219 0 obj <>] /Rotate 0 /Contents 220 0 R>> endobj 220 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (105) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (construction costs, including ) Tj ET Q q 0 0 0 rg BT 183.66 721.05 Td (AFUDC, are recovered in authorized rates through depreciation when completed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (projects are placed into commercial operation.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 679.65 Td (AFUDC was calculated by using a composite rate of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 330.46 679.65 Td (6.68%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 360.16 679.65 Td ( for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 379.32 679.65 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 402.32 679.65 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 408.07 679.65 Td (7.17%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 437.78 679.65 Td ( for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 456.94 679.65 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 479.94 679.65 Td (, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 505.17 679.65 Td (8.02%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 534.87 679.65 Td ( for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 72.50 665.85 Td (. ) Tj ET Q q 0 0 0 rg BT 80.49 665.85 Td (APS compounds ) Tj ET Q q 0 0 0 rg BT 159.73 665.85 Td (AFUDC semi-annually and ceases to accrue ) Tj ET Q q 0 0 0 rg BT 365.39 665.85 Td (AFUDC when construction work is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (completed and the property is placed in service.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 638.25 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (Materials and Supplies) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 596.85 Td (APS values materials, supplies and fossil fuel inventory using a weighted-average cost method. ) Tj ET Q q 0 0 0 rg BT 529.45 596.85 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (materials, supplies and fossil fuel inventories are carried at the lower of weighted-average cost or market, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (unless evidence indicates that the weighted-average cost \(even if in excess of market\) will be recovered.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (Fair) Tj ET Q q 0 0 0 rg BT 70.37 541.65 Td ( ) Tj ET Q q 0 0 0 rg BT 73.03 541.65 Td (V) Tj ET Q q 0 0 0 rg BT 80.28 541.65 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 141.08 541.65 Td (ements) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 513.45 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 513.45 Td (e account for derivative instruments, investments held in our nuclear decommissioning trust, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.04 513.45 Td (coal ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 499.05 Td (reclamation escrow accounts, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 194.10 499.05 Td (certain cash equivalents and plan assets held in our retirement and other benefit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (plans at fair value on a recurring basis. Due to the short-term nature of net accounts receivable, accounts ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 471.45 Td (payable, and short-term borrowings, the carrying values of these instruments approximate fair value. Fair ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 457.65 Td (value measurements may also be applied on a nonrecurring basis to other assets and liabilities in certain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 443.85 Td (circumstances such as impairments. ) Tj ET Q q 0 0 0 rg BT 219.83 443.85 Td (W) Tj ET Q q 0 0 0 rg BT 229.77 443.85 Td (e also disclose fair value information for our long-term debt, which is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 430.05 Td (carried at amortized cost \(see Note 6\).) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 416.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 402.45 Td (Fair value is the price that would be received for an asset or paid to transfer a liability \(exit price\) in the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 388.65 Td (principal or most advantageous market which we can access for the asset or liability in an orderly transaction ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 374.85 Td (between willing market participants on the measurement date. Inputs to fair value may include observable and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.05 Td (unobservable data. ) Tj ET Q q 0 0 0 rg BT 141.26 361.05 Td (W) Tj ET Q q 0 0 0 rg BT 151.19 361.05 Td (e maximize the use of observable inputs and minimize the use of unobservable inputs ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 347.25 Td (when measuring fair value.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 333.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 319.65 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 319.65 Td (e determine fair market value using observable inputs such as actively-quoted prices for identical ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 305.85 Td (instruments when available. ) Tj ET Q q 0 0 0 rg BT 183.75 305.85 Td (When actively-quoted prices are not available for the identical instruments, we ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.05 Td (use other observable inputs, such as prices for similar instruments, other corroborative market information, or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 278.25 Td (prices provided by other external sources. For options, long-term contracts and other contracts for which ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 264.45 Td (observable price data are not available, we use models and other valuation methods, which may incorporate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 250.65 Td (unobservable inputs to determine fair market value.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 236.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 223.05 Td (The use of models and other valuation methods to determine fair market value often requires subjective ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (and complex judgment. ) Tj ET Q q 0 0 0 rg BT 162.89 209.25 Td (Actual results could dif) Tj ET Q q 0 0 0 rg BT 270.31 209.25 Td (fer from the results estimated through application of these ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 195.45 Td (methods.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 181.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 167.85 Td (See Note 13 for additional information about fair value measurements.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 154.05 Td () Tj ET Q endstream endobj 221 0 obj <>] /Rotate 0 /Contents 222 0 R>> endobj 222 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (106) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 102.83 721.25 Td (Accounting) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.65 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 693.65 Td (e are exposed to the impact of market fluctuations in the commodity price and transportation costs of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (electricity) Tj ET Q q 0 0 0 rg BT 94.73 679.85 Td (, natural gas, coal and in interest rates. ) Tj ET Q q 0 0 0 rg BT 276.54 679.85 Td (W) Tj ET Q q 0 0 0 rg BT 286.48 679.85 Td (e manage risks associated with market volatility by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (utilizing various physical and financial instruments including futures, forwards, options and swaps. ) Tj ET Q q 0 0 0 rg BT 510.71 666.05 Td (As part of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (our overall risk management program, we may use derivative instruments to hedge purchases and sales of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.45 Td (electricity and fuels. ) Tj ET Q q 0 0 0 rg BT 148.60 638.45 Td (The changes in market value of such contracts have a high correlation to price changes in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (the hedged transactions. ) Tj ET Q q 0 0 0 rg BT 165.86 624.65 Td (W) Tj ET Q q 0 0 0 rg BT 175.79 624.65 Td (e also enter into derivative instruments for economic hedging purposes. Contracts ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.85 Td (that have the same terms \(quantities, delivery points and delivery periods\) and for which power does not flow ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.05 Td (are netted, which reduces both revenues and fuel and purchased power expenses in our Consolidated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.25 Td (Statements of Income, but does not impact our financial condition, net income or cash flows.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 569.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 555.65 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 555.65 Td (e account for our derivative contracts in accordance with derivatives and hedging guidance, which ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.85 Td (requires all derivatives not qualifying for a scope exception to be measured at fair value on the balance sheet as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 528.05 Td (either assets or liabilities. ) Tj ET Q q 0 0 0 rg BT 171.93 528.05 Td (T) Tj ET Q q 0 0 0 rg BT 178.55 528.05 Td (ransactions with counterparties that have master netting arrangements are reported ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (net on the balance sheet. See Note 16 for additional information about our derivative instruments.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 500.45 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 486.65 Td (Loss Contingencies and Envir) Tj ET Q q 0 0 0 rg BT 195.95 486.65 Td (onmental Liabilities) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 459.05 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 459.05 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 459.05 Td (est and ) Tj ET Q q 0 0 0 rg BT 172.20 459.05 Td (APS are involved in certain legal and environmental matters that arise in the normal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.25 Td (course of business. Contingent losses and environmental liabilities are recorded when it is determined that it is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.45 Td (probable that a loss has occurred and the amount of the loss can be reasonably estimated. ) Tj ET Q q 0 0 0 rg BT 464.45 431.45 Td (When a range of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.65 Td (probable loss exists and no amount within the range is a better estimate than any other amount, Pinnacle ) Tj ET Q q 0 0 0 rg BT 531.23 417.65 Td (W) Tj ET Q q 0 0 0 rg BT 541.16 417.65 Td (est ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.85 Td (and ) Tj ET Q q 0 0 0 rg BT 68.35 403.85 Td (APS record a loss contingency at the minimum amount in the range. Unless otherwise required by GAAP) Tj ET Q q 0 0 0 rg BT 555.74 403.85 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 390.05 Td (legal fees are expensed as incurred.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 376.25 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 362.45 Td (Retir) Tj ET Q q 0 0 0 rg BT 74.83 362.45 Td (ement Plans and Other) Tj ET Q q 0 0 0 rg BT 188.03 362.45 Td ( Postr) Tj ET Q q 0 0 0 rg BT 216.88 362.45 Td (etir) Tj ET Q q 0 0 0 rg BT 233.90 362.45 Td (ement Benefits) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 334.85 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 334.85 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 334.85 Td (est sponsors a qualified defined benefit and account balance pension plan for the employees ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 321.05 Td (of Pinnacle ) Tj ET Q q 0 0 0 rg BT 104.22 321.05 Td (W) Tj ET Q q 0 0 0 rg BT 114.16 321.05 Td (est and its subsidiaries. ) Tj ET Q q 0 0 0 rg BT 225.75 321.05 Td (W) Tj ET Q q 0 0 0 rg BT 235.68 321.05 Td (e also sponsor an other postretirement benefit plan for the employees ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.25 Td (of Pinnacle ) Tj ET Q q 0 0 0 rg BT 104.22 307.25 Td (W) Tj ET Q q 0 0 0 rg BT 114.16 307.25 Td (est and its subsidiaries that provides medical and life insurance benefits to retired employees. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.45 Td (Pension and other postretirement benefit expense are determined by actuarial valuations, based on assumptions ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.65 Td (that are evaluated annually) Tj ET Q q 0 0 0 rg BT 172.32 279.65 Td (. See Note 7 for additional information on pension and other postretirement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.85 Td (benefits.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 252.05 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 238.25 Td (Nuclear) Tj ET Q q 0 0 0 rg BT 88.25 238.25 Td ( Fuel) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 210.65 Td (APS amortizes nuclear fuel by using the unit-of-production method. ) Tj ET Q q 0 0 0 rg BT 404.36 210.65 Td (The unit-of-production method is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.85 Td (based on actual physical usage. ) Tj ET Q q 0 0 0 rg BT 198.64 196.85 Td (APS divides the cost of the fuel by the estimated number of thermal units it ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 183.05 Td (expects to produce with that fuel. ) Tj ET Q q 0 0 0 rg BT 207.90 183.05 Td (APS then multiplies that rate by the number of thermal units produced ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.25 Td (within the current period. ) Tj ET Q q 0 0 0 rg BT 171.93 169.25 Td (This calculation determines the current period nuclear fuel expense.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 141.65 Td (APS also char) Tj ET Q q 0 0 0 rg BT 150.45 141.65 Td (ges nuclear fuel expense for the interim storage and permanent disposal of spent nuclear ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.85 Td (fuel. ) Tj ET Q q 0 0 0 rg BT 75.80 127.85 Td (The DOE is responsible for the permanent disposal of spent nuclear fuel and char) Tj ET Q q 0 0 0 rg BT 450.19 127.85 Td (ged ) Tj ET Q q 0 0 0 rg BT 469.03 127.85 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 493.00 127.85 Td ($0.001) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 524.63 127.85 Td ( per ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 114.05 Td (kWh of nuclear generation through May 2014, at which point the DOE reduced the fee to zero. In accordance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.25 Td (with a settlement agreement with the DOE in ) Tj ET Q q 0 0 0 rg BT 259.65 100.25 Td (August 2014, we will now accrue a receivable for incurred ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.45 Td (claims and an of) Tj ET Q q 0 0 0 rg BT 124.98 86.45 Td (fsetting regulatory liability through the settlement period ending December of 2019. See Note ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.65 Td (10 for information on spent nuclear fuel disposal costs.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 58.85 Td () Tj ET Q endstream endobj 223 0 obj <>] /Rotate 0 /Contents 224 0 R>> endobj 224 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (107) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 88.58 721.25 Td (T) Tj ET Q q 0 0 0 rg BT 95.19 721.25 Td (axes) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.65 Td (Income taxes are provided using the asset and liability approach prescribed by guidance relating to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (accounting for income taxes and are based on currently enacted tax rates. ) Tj ET Q q 0 0 0 rg BT 391.59 679.85 Td (W) Tj ET Q q 0 0 0 rg BT 401.53 679.85 Td (e file our federal income tax return ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (on a consolidated basis, and we file our state income tax returns on a consolidated or unitary basis. In ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (accordance with our intercompany tax sharing agreement, federal and state income taxes are allocated to each ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.45 Td (first-tier subsidiary as though each first-tier subsidiary filed a separate income tax return. ) Tj ET Q q 0 0 0 rg BT 463.70 638.45 Td (Any dif) Tj ET Q q 0 0 0 rg BT 498.94 638.45 Td (ference ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (between that method and the consolidated \(and unitary\) income tax liability is attributed to the parent ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.85 Td (company) Tj ET Q q 0 0 0 rg BT 90.91 610.85 Td (. ) Tj ET Q q 0 0 0 rg BT 99.33 610.85 Td (The income tax accounts reflect the tax and interest associated with management) Tj ET Q q 0 0 0 rg BT 474.54 610.85 Td (s estimate of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.05 Td (lar) Tj ET Q q 0 0 0 rg BT 61.42 597.05 Td (gest amount of tax benefit that is greater than ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 272.51 597.05 Td (50%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 293.59 597.05 Td ( likely of being realized upon settlement for all known ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.25 Td (and measurable tax exposures \(see Note4\).) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 569.45 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 555.65 Td (Cash and Cash Equivalents) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 528.05 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 528.05 Td (e consider all highly liquid investments with a remaining maturity of three months or less at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (acquisition to be cash equivalents.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 486.65 Td (The following table summarizes supplemental Pinnacle ) Tj ET Q q 0 0 0 rg BT 343.34 486.65 Td (W) Tj ET Q q 0 0 0 rg BT 353.28 486.65 Td (est cash flow information for each of the last ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.85 Td (three years \(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 459.05 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 424.55 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 424.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 424.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 424.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 424.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 424.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 396.55 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 396.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 396.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 396.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 396.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 396.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 368.55 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 368.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 368.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 368.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 368.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 368.55 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 436.55 m 424 436.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 436.55 m 428 436.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 436.55 m 493 436.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 436.55 m 497 436.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 436.55 m 562 436.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 436.55 m 424 436.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 424.55 m 424 424.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 436.55 m 428 436.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 436.55 m 493 436.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 424.55 m 493 424.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 436.55 m 497 436.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 436.55 m 562 436.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 424.55 m 562 424.55 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 439.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.60 440.63 Td (Y) Tj ET Q q 0 0 0 rg BT 421.49 440.63 Td (ear) Tj ET Q q 0 0 0 rg BT 432.45 440.63 Td (endedDecember) Tj ET Q q 0 0 0 rg BT 491.40 440.63 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 427.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.00 427.28 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.00 427.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.00 427.28 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 415.12 Td (Cash paid during the period for:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 413.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 413.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 413.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 401.12 Td (Income taxes, net of refunds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 401.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 401.12 Td (2,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 401.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 401.12 Td (9,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 401.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 401.12 Td (6,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 387.12 Td (Interest, net of amounts capitalized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 387.12 Td (189,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 387.12 Td (184,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 387.12 Td (170,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 373.12 Td (Significant non-cash investing and financing activities:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 371.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 371.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 371.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 359.12 Td (Accrued capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 359.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 359.12 Td (130,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 359.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 359.12 Td (1) Tj ET Q q 0 0 0 rg BT 461.65 359.12 Td (14,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 359.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 359.12 Td (83,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 345.12 Td (Dividends declared but not paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 345.12 Td (77,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 345.12 Td (72,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 345.12 Td (69,363) Tj ET Q BT /F1 11.50 Tf ET BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 313.45 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 102.23 313.45 Td (Assets) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 299.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 285.85 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 285.85 Td (e have no goodwill recorded and have separately disclosed other intangible assets, primarily ) Tj ET Q q 0 0 0 rg BT 521.45 285.85 Td (APS's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 272.05 Td (software, on Pinnacle) Tj ET Q q 0 0 0 rg BT 151.49 272.05 Td (W) Tj ET Q q 0 0 0 rg BT 161.42 272.05 Td (est) Tj ET Q q 0 0 0 rg BT 177.39 272.05 Td (s Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 323.78 272.05 Td (The intangible assets are amortized over their finite ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 258.25 Td (useful lives. ) Tj ET Q q 0 0 0 rg BT 110.19 258.25 Td (Amortization expense was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 235.06 258.25 Td ($72 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 288.41 258.25 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.11 258.25 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 326.11 258.25 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 331.86 258.25 Td ($58 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 385.21 258.25 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 399.90 258.25 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 422.90 258.25 Td (, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 448.13 258.25 Td ($58 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 501.49 258.25 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 516.18 258.25 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 539.18 258.25 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 244.45 Td (Estimated amortization expense on existing intangible assets over the next five years is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 452.86 244.45 Td ($53 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 506.21 244.45 Td ( in 2018, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 230.65 Td ($38 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 102.85 230.65 Td ( in 2019, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 146.30 230.65 Td ($28 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 199.65 230.65 Td ( in 2020, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 243.09 230.65 Td ($22 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 296.45 230.65 Td ( in 2021, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 359.37 230.65 Td ($17 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 412.72 230.65 Td ( in 2022. ) Tj ET Q q 0 0 0 rg BT 458.41 230.65 Td (At ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 472.78 230.65 Td (December31, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 216.85 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 72.50 216.85 Td (, the weighted-average remaining amortization period for intangible assets was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 438.15 216.85 Td (6) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 443.90 216.85 Td ( years.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 203.05 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 189.25 Td (Investments) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 175.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 161.65 Td (El Dorado holds investments in both debt and equity securities. Investments in debt securities are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 147.85 Td (generally accounted for as held-to-maturity and investments in equity securities are accounted for using either ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 134.05 Td (the equity method \(if significant influence\) or the cost method \(if less than ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 394.73 134.05 Td (20%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 415.81 134.05 Td ( ownership and no significant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 120.25 Td (influence\).) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 106.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 92.65 Td (Our investments in the nuclear decommissioning trust fund, and coal reclamation escrow) Tj ET Q q 0 0 0 rg BT 494.18 92.65 Td (, are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 78.85 Td (accounted for in accordance with guidance on accounting for certain investments in debt and equity securities. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 65.05 Td (See Note 13 and Note 19 for more information on these investments.) Tj ET Q endstream endobj 225 0 obj <>] /Rotate 0 /Contents 226 0 R>> endobj 226 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (108) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 49.50 721.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 721.05 Td (See Note 2 for new accounting guidance relating to financial instruments including investments in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (equity securities, ef) Tj ET Q q 0 0 0 rg BT 139.03 707.25 Td (fective for us in 2018. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (Business Segments) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 652.05 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 652.05 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 652.05 Td (est) Tj ET Q q 0 0 0 rg BT 153.67 652.05 Td (s reportable business segment is our regulated electricity segment, which consists of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (traditional regulated retail and wholesale electricity businesses \(primarily electricity service to Native Load ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (customers\) and related activities and includes electricity generation, transmission and distribution. ) Tj ET Q q 0 0 0 rg BT 503.32 624.45 Td (All other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (segment activities are insignificant.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (Pr) Tj ET Q q 0 0 0 rg BT 61.42 583.05 Td (eferr) Tj ET Q q 0 0 0 rg BT 85.46 583.05 Td (ed Stock) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 555.45 Td (At ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.88 555.45 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 190.25 555.45 Td (, Pinnacle ) Tj ET Q q 0 0 0 rg BT 238.27 555.45 Td (W) Tj ET Q q 0 0 0 rg BT 248.20 555.45 Td (est had ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 283.33 555.45 Td (10 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 330.93 555.45 Td ( shares of serial preferred stock authorized with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (no par value, none of which was outstanding, and ) Tj ET Q q 0 0 0 rg BT 279.77 541.65 Td (APS had ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 323.23 541.65 Td (15,535,000) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 374.98 541.65 Td ( shares of various types of preferred ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td (stock authorized with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 151.38 527.85 Td ($25) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 168.63 527.85 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 174.38 527.85 Td ($50) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 191.63 527.85 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 213.98 527.85 Td ($100) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 236.98 527.85 Td ( par values, none of which was outstanding.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 514.05 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (2) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 55.25 500.25 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 500.25 Td (New ) Tj ET Q q 0 0 0 rg BT 109.46 500.25 Td (Accounting Standards) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 219.05 500.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.65 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 52.38 472.65 Td (ASU 2014-09, Revenue fr) Tj ET Q q 0 0 0 rg BT 176.10 472.65 Td (om Contracts with Customers) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 445.05 Td (In May 2014, a new revenue recognition accounting standard was issued. ) Tj ET Q q 0 0 0 rg BT 425.41 445.05 Td (This standard provides a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (single comprehensive model for entities to use in accounting for revenue arising from contracts with customers ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.45 Td (and supersedes most current revenue recognition guidance. Since the issuance of the new revenue standard, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.65 Td (additional guidance was issued to clarify certain aspects of the new revenue standard, including principal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.85 Td (versus agent considerations, identifying performance obligations, and other narrow scope improvements. ) Tj ET Q q 0 0 0 rg BT 534.72 389.85 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.05 Td (new revenue standard, and related amendments, became ef) Tj ET Q q 0 0 0 rg BT 319.74 376.05 Td (fective for us on January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 479.22 376.05 Td (The standard may ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (be adopted using a full retrospective application or a simplified transition method that allows entities to record ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.45 Td (a cumulative ef) Tj ET Q q 0 0 0 rg BT 120.18 348.45 Td (fect adjustment in retained earnings at the date of initial application.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 320.85 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 320.85 Td (e adopted this standard on January 1, 2018 using the modified retrospective transition approach. ) Tj ET Q q 0 0 0 rg BT 539.79 320.85 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.05 Td (adoption of this standard will not have significant impact on our financial statement results. Our revenues are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (derived primarily from sales of electricity to our regulated retail customers, and based on our assessment the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.45 Td (adoption of this guidance does not generally impact the timing of our revenue recognition relating to these ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.65 Td (customers. ) Tj ET Q q 0 0 0 rg BT 104.55 265.65 Td (The adoption of the new standard will result in expanded revenue related disclosures.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 238.05 Td (ASU 2016-01, Financial Instruments: Recognition and Measur) Tj ET Q q 0 0 0 rg BT 355.66 238.05 Td (ement) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 210.45 Td ( In January 2016, a new accounting standard was issued relating to the recognition and measurement of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.65 Td (financial instruments. ) Tj ET Q q 0 0 0 rg BT 151.81 196.65 Td (The new guidance will require certain investments in equity securities to be measured at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.85 Td (fair value with changes in fair value recognized in net income, and modifies the impairment assessment of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.05 Td (certain equity securities. ) Tj ET Q q 0 0 0 rg BT 167.13 169.05 Td (The new standard became ef) Tj ET Q q 0 0 0 rg BT 298.46 169.05 Td (fective for us on January 1, 2018. Certain aspects of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.25 Td (standard require a cumulative ef) Tj ET Q q 0 0 0 rg BT 197.45 155.25 Td (fect adjustment and other aspects of the standard are required to be adopted ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.45 Td (prospectively) Tj ET Q q 0 0 0 rg BT 110.71 141.45 Td (. ) Tj ET Q q 0 0 0 rg BT 119.13 141.45 Td (W) Tj ET Q q 0 0 0 rg BT 129.06 141.45 Td (e adopted this standard on a prospective basis on January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 437.69 141.45 Td (The adoption of this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.65 Td (standard will not have a significant impact on our financial statement results, as we did not have significant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.85 Td (equity investments impacted by this standard. ) Tj ET Q endstream endobj 227 0 obj <>] /Rotate 0 /Contents 228 0 R>> endobj 228 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (109) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (ASU 2016-02, Leases) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 693.65 Td ( In February 2016, a new lease accounting standard was issued. ) Tj ET Q q 0 0 0 rg BT 380.06 693.65 Td (This new standard supersedes the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (existing lease accounting model, and modifies both lessee and lessor accounting. ) Tj ET Q q 0 0 0 rg BT 423.91 679.85 Td (The new standard will require ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (a lessee to reflect most operating lease arrangements on the balance sheet by recording a right-of-use asset and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (a lease liability that will initially be measured at the present value of lease payments. ) Tj ET Q q 0 0 0 rg BT 441.66 652.25 Td (Among other changes, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.45 Td (new standard also modifies the definition of a lease, and requires expanded lease disclosures. In January 2018, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (additional lease guidance was issued specifically relating to land easements and how entities may elect to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.85 Td (account for these arrangements at transition. ) Tj ET Q q 0 0 0 rg BT 258.77 610.85 Td (The new standard, and related amendments, will be ef) Tj ET Q q 0 0 0 rg BT 507.01 610.85 Td (fective for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.05 Td (us on January 1, 2019, with early application permitted. ) Tj ET Q q 0 0 0 rg BT 308.63 597.05 Td (The standard must be adopted using a modified ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.25 Td (retrospective approach, with various optional practical expedients provided to facilitate transition. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 555.65 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 555.65 Td (e plan on adopting this standard, and related amendments, on January 1, 2019, and are evaluating the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.85 Td (transition practical expedients we may elect. Our evaluation of this new accounting standard and the impacts it ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 528.05 Td (will have on our financial statements is on-going. ) Tj ET Q q 0 0 0 rg BT 285.32 528.05 Td (W) Tj ET Q q 0 0 0 rg BT 295.25 528.05 Td (e expect the adoption of the new guidance will impact our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (Consolidated Balance Sheets as we will be required to reflect lease assets and lease liabilities relating to certain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.45 Td (operating lease arrangements. ) Tj ET Q q 0 0 0 rg BT 189.15 500.45 Td (W) Tj ET Q q 0 0 0 rg BT 199.08 500.45 Td (e are currently evaluating the significance of the expected balance sheet ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.65 Td (impacts, and the impacts, if any) Tj ET Q q 0 0 0 rg BT 194.70 486.65 Td (, the lease guidance will have on our other financial statements. Our evaluation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.85 Td (includes assessing leasing activities, implementing new processes and procedures, and preparing the expanded ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 459.05 Td (lease disclosures.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 431.45 Td (ASU 2016-13, Financial Instruments: Measur) Tj ET Q q 0 0 0 rg BT 275.46 431.45 Td (ement of Cr) Tj ET Q q 0 0 0 rg BT 334.01 431.45 Td (edit Losses) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 403.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 403.85 Td (In June 2016, a new accounting standard was issued that amends the measurement of credit losses on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 390.05 Td (certain financial instruments. ) Tj ET Q q 0 0 0 rg BT 185.97 390.05 Td (The new standard will require entities to use a current expected credit loss model ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.25 Td (to measure impairment of certain investments in debt securities, trade accounts receivables, and other financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.45 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 108.71 362.45 Td (The new standard is ef) Tj ET Q q 0 0 0 rg BT 212.60 362.45 Td (fective for us on January 1, 2020 and must be adopted using a modified ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.65 Td (retrospective approach for certain aspects of the standard, and a prospective approach for other aspects of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.85 Td (standard. ) Tj ET Q q 0 0 0 rg BT 96.88 334.85 Td (W) Tj ET Q q 0 0 0 rg BT 106.81 334.85 Td (e are currently evaluating this new accounting standard and the impacts it may have on our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 321.05 Td (financial statements.) Tj ET Q endstream endobj 229 0 obj <>] /Rotate 0 /Contents 230 0 R>> endobj 230 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.55 32.55 Td (1) Tj ET Q q 0 0 0 rg BT 302.87 32.55 Td (10) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 539.52 721.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 687.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 687.45 Td (In ) Tj ET Q q 0 0 0 rg BT 97.32 687.45 Td (August 2016, a new accounting standard was issued that clarifies how entities should present certain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 673.65 Td (specific cash flow activities on the statement of cash flows. ) Tj ET Q q 0 0 0 rg BT 324.90 673.65 Td (The guidance is intended to eliminate diversity in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 659.85 Td (practice in how entities classify these specific activities between cash flows from operating activities, investing ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 646.05 Td (activities and financing activities. ) Tj ET Q q 0 0 0 rg BT 206.73 646.05 Td (The specific activities addressed include debt prepayments and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 632.25 Td (extinguishment costs, proceeds from the settlement of insurance claims, proceeds from corporate owned life ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 618.45 Td (insurance policies, and other activities. ) Tj ET Q q 0 0 0 rg BT 231.00 618.45 Td (The standard also addresses how entities should apply the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 604.65 Td (predominance principle when a transaction includes separately identifiable cash flows. ) Tj ET Q q 0 0 0 rg BT 453.57 604.65 Td (The new standard is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 590.85 Td (ef) Tj ET Q q 0 0 0 rg BT 58.23 590.85 Td (fective for us, and will be adopted, during the first quarter of 2018 using a retrospective transition method. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 577.05 Td (The adoption of this guidance will not have a significant impact on our financial statements, as either our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 563.25 Td (statement of cash flow presentation is consistent with the new prescribed guidance or we do not have ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 549.45 Td (significant activities relating to the specific transactions that are addressed by the new standard. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 521.85 Td (ASU 2016-18, Statement of Cash Flows: Restricted Cash) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 488.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 488.00 Td (In November 2016, a new accounting standard was issued that clarifies how restricted cash and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 474.20 Td (restricted cash equivalents should be presented on the statement of cash flows. ) Tj ET Q q 0 0 0 rg BT 413.04 474.20 Td (The new guidance requires ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 460.40 Td (entities to include restricted cash and restricted cash equivalents as a component of the beginning and ending ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 446.60 Td (cash and cash equivalent balances on the statement of cash flows. ) Tj ET Q q 0 0 0 rg BT 353.94 446.60 Td (The new standard is ef) Tj ET Q q 0 0 0 rg BT 457.84 446.60 Td (fective for us, and will ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 432.80 Td (be adopted, during the first quarter of 2018 using a retrospective transition method. ) Tj ET Q q 0 0 0 rg BT 434.77 432.80 Td (W) Tj ET Q q 0 0 0 rg BT 444.70 432.80 Td (e do not expect the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 419.00 Td (adoption of this guidance will impact our financial statements, as our holdings and activities designated as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 405.20 Td (restricted cash and restricted cash equivalents are generally insignificant. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 363.80 Td (ASU 2017-01, Business Combinations: Clarifying the Definition of a Business) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 336.20 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 336.20 Td (In January 2017, a new accounting standard was issued that clarifies the definition of a business. ) Tj ET Q q 0 0 0 rg BT 532.41 336.20 Td (This ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 322.40 Td (standard is intended to assist entities with evaluating whether a transaction should be accounted for as an ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 308.60 Td (acquisition \(or disposal\) of assets or a business. ) Tj ET Q q 0 0 0 rg BT 273.51 308.60 Td (The definition of a business af) Tj ET Q q 0 0 0 rg BT 412.87 308.60 Td (fects many areas of accounting ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 294.80 Td (including acquisitions, disposals, goodwill, and consolidation. ) Tj ET Q q 0 0 0 rg BT 340.93 294.80 Td (The new standard became ef) Tj ET Q q 0 0 0 rg BT 472.27 294.80 Td (fective for us on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 281.00 Td (January 1, 2018 using a prospective approach. ) Tj ET Q q 0 0 0 rg BT 267.73 281.00 Td (W) Tj ET Q q 0 0 0 rg BT 277.67 281.00 Td (e adopted this new standard on January 1, 2018, using a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 267.20 Td (prospective approach with no impacts on our financial statements on the date of adoption. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 239.60 Td (ASU 2017-05, Other) Tj ET Q q 0 0 0 rg BT 148.63 239.60 Td ( Income: Clarifying the Scope of ) Tj ET Q q 0 0 0 rg BT 309.62 239.60 Td (Asset Der) Tj ET Q q 0 0 0 rg BT 356.99 239.60 Td (ecognition Guidance and ) Tj ET Q q 0 0 0 rg BT 481.28 239.60 Td (Accounting for) Tj ET Q q 0 0 0 rg BT 554.86 239.60 Td ( ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 225.80 Td (Partial Sales of Nonfinancial ) Tj ET Q q 0 0 0 rg BT 191.98 225.80 Td (Assets) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 198.20 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 198.20 Td (In February 2017, a new accounting standard was issued that intended to clarify the scope of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 184.40 Td (accounting guidance pertaining to gains and losses from the derecognition of nonfinancial assets, and to add ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 170.60 Td (guidance for partial sales of nonfinancial assets. ) Tj ET Q q 0 0 0 rg BT 275.71 170.60 Td (The new standard became ef) Tj ET Q q 0 0 0 rg BT 407.04 170.60 Td (fective for us on January 1, 2018. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 156.80 Td (The guidance may be applied using either a retrospective or modified retrospective transition approach. ) Tj ET Q q 0 0 0 rg BT 530.85 156.80 Td (W) Tj ET Q q 0 0 0 rg BT 540.78 156.80 Td (e ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 143.00 Td (adopted this standard on January 1, 2018 using a modified retrospective transition approach. ) Tj ET Q q 0 0 0 rg BT 476.93 143.00 Td (The adoption of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 129.20 Td (this guidance did not have a significant impact on our financial statement results. ) Tj ET Q endstream endobj 231 0 obj <>] /Rotate 0 /Contents 232 0 R>> endobj 232 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.80 32.55 Td (1) Tj ET Q q 0 0 0 rg BT 303.12 32.55 Td (1) Tj ET Q q 0 0 0 rg BT 308.45 32.55 Td (1) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (ASU 2017-07, Compensation-Retir) Tj ET Q q 0 0 0 rg BT 219.55 721.25 Td (ement Benefits: Impr) Tj ET Q q 0 0 0 rg BT 324.10 721.25 Td (oving the Pr) Tj ET Q q 0 0 0 rg BT 383.94 721.25 Td (esentation of Net Periodic Pension ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td (Cost and Net Periodic Postr) Tj ET Q q 0 0 0 rg BT 185.99 707.45 Td (etir) Tj ET Q q 0 0 0 rg BT 203.02 707.45 Td (ement Benefit Cost) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 679.85 Td (In March 2017, a new accounting standard was issued that modifies how plan sponsors present net ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (periodic pension cost and net periodic postretirement benefit cost \(net benefit costs\). ) Tj ET Q q 0 0 0 rg BT 440.50 666.05 Td (The presentation changes ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (will require net benefit costs to be disaggregated on the income statement by the various components that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.45 Td (comprise these costs. Specifically) Tj ET Q q 0 0 0 rg BT 203.96 638.45 Td (, only the service cost component will be eligible for presentation as an ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (operating income item, and all other cost components will be presented as non-operating items. ) Tj ET Q q 0 0 0 rg BT 490.66 624.65 Td (This ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.85 Td (presentation change must be applied retrospectively) Tj ET Q q 0 0 0 rg BT 287.30 610.85 Td (. Furthermore, the new standard only allows the service ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.05 Td (cost component to be eligible for capitalization. ) Tj ET Q q 0 0 0 rg BT 271.56 597.05 Td (The change in capitalization requirements must be applied ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.25 Td (prospectively) Tj ET Q q 0 0 0 rg BT 110.71 583.25 Td (. ) Tj ET Q q 0 0 0 rg BT 116.25 583.25 Td (The new guidance became ef) Tj ET Q q 0 0 0 rg BT 250.14 583.25 Td (fective for us on January 1, 2018.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 549.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 549.45 Td (W) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 95.88 549.45 Td (e adopted this new accounting standard on January 1, 2018. Beginning in the first quarter of 2018, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 535.65 Td (we will present the non-service cost components of net benefit costs in other income instead of operating ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 521.85 Td (income. Prior year non-service cost components will also be reclassified from operating income to other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 508.05 Td (income. Upon adoption, we will no longer capitalize a portion of the non-service cost components of net ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 494.25 Td (benefit costs. In 2018, because the non-service cost components are a reduction to total benefit costs, we ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 480.45 Td (estimate this change will result in the capitalization of an additional ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 363.43 480.45 Td ($15 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 416.78 480.45 Td ( of net benefit costs, with a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 466.65 Td (corresponding increase to pretax income. See note 7 for additional information related to our pension plans and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 452.85 Td (other postretirement benefits. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 439.05 Td ( ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (ASU 2017-12, Derivatives and Hedging: ) Tj ET Q q 0 0 0 rg BT 247.35 425.25 Td (T) Tj ET Q q 0 0 0 rg BT 253.97 425.25 Td (argeted Impr) Tj ET Q q 0 0 0 rg BT 319.23 425.25 Td (ovements to ) Tj ET Q q 0 0 0 rg BT 379.91 425.25 Td (Accounting for) Tj ET Q q 0 0 0 rg BT 453.49 425.25 Td ( Hedging ) Tj ET Q q 0 0 0 rg BT 500.14 425.25 Td (Activities) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 397.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 397.65 Td (In ) Tj ET Q q 0 0 0 rg BT 97.32 397.65 Td (August 2017, a new accounting standard was issued that modifies hedge accounting guidance with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 383.85 Td (the intent of simplifying the application of hedge accounting. ) Tj ET Q q 0 0 0 rg BT 333.53 383.85 Td (The new standard is ef) Tj ET Q q 0 0 0 rg BT 437.43 383.85 Td (fective for us on January ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 370.05 Td (1, 2019, with early application permitted. ) Tj ET Q q 0 0 0 rg BT 244.96 370.05 Td (At transition, the guidance requires the changes to be applied to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (hedging relationships existing on the date of adoption, with the ef) Tj ET Q q 0 0 0 rg BT 351.11 356.25 Td (fect of adoption reflected as of the beginning ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 342.45 Td (of the fiscal year of adoption using a cumulative ef) Tj ET Q q 0 0 0 rg BT 283.37 342.45 Td (fect adjustment approach. ) Tj ET Q q 0 0 0 rg BT 407.38 342.45 Td (The presentation and disclosure ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 328.65 Td (changes may be applied prospectively) Tj ET Q q 0 0 0 rg BT 223.75 328.65 Td (. ) Tj ET Q q 0 0 0 rg BT 232.17 328.65 Td (W) Tj ET Q q 0 0 0 rg BT 242.10 328.65 Td (e are evaluating the new guidance, but at this time we do not expect ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 314.85 Td (the adoption of this guidance will have a significant impact on our financial statement results as we are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 301.05 Td (currently not applying hedge accounting.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 267.20 Td (ASU 2018-02, Income Statement-Reporting Compr) Tj ET Q q 0 0 0 rg BT 300.03 267.20 Td (ehensive Income: Reclassification of Certain ) Tj ET Q q 0 0 0 rg BT 519.88 267.20 Td (T) Tj ET Q q 0 0 0 rg BT 526.50 267.20 Td (ax ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 253.40 Td (Effects fr) Tj ET Q q 0 0 0 rg BT 94.94 253.40 Td (om ) Tj ET Q q 0 0 0 rg BT 112.52 253.40 Td (Accumulated Other) Tj ET Q q 0 0 0 rg BT 209.72 253.40 Td ( Compr) Tj ET Q q 0 0 0 rg BT 247.53 253.40 Td (ehensive Income) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 225.80 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 225.80 Td (In February 2018, new accounting guidance was issued that allows entities an optional election to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 212.00 Td (reclassify the income tax ef) Tj ET Q q 0 0 0 rg BT 175.74 212.00 Td (fects of the 2017 ) Tj ET Q q 0 0 0 rg BT 255.37 212.00 Td (T) Tj ET Q q 0 0 0 rg BT 261.59 212.00 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 341.46 212.00 Td (Act legislation on items within accumulated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 198.20 Td (other comprehensive income to retained earnings. ) Tj ET Q q 0 0 0 rg BT 281.02 198.20 Td (Amounts eligible for reclassification must relate to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 184.40 Td (ef) Tj ET Q q 0 0 0 rg BT 58.23 184.40 Td (fects from the ) Tj ET Q q 0 0 0 rg BT 124.76 184.40 Td (T) Tj ET Q q 0 0 0 rg BT 130.98 184.40 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 210.85 184.40 Td (Act remaining in accumulated other comprehensive income. ) Tj ET Q q 0 0 0 rg BT 491.02 184.40 Td (The new ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 170.60 Td (guidance also requires expanded disclosures. ) Tj ET Q q 0 0 0 rg BT 258.79 170.60 Td (This guidance is ef) Tj ET Q q 0 0 0 rg BT 345.76 170.60 Td (fective for us on January 1, 2019 with early ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 156.80 Td (application permitted. ) Tj ET Q q 0 0 0 rg BT 153.08 156.80 Td (The guidance should be applied either in the period of adoption or retrospectively to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 143.00 Td (each period in which the ef) Tj ET Q q 0 0 0 rg BT 174.14 143.00 Td (fect of the ) Tj ET Q q 0 0 0 rg BT 223.43 143.00 Td (T) Tj ET Q q 0 0 0 rg BT 229.65 143.00 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 309.51 143.00 Td (Act was recognized. ) Tj ET Q q 0 0 0 rg BT 405.74 143.00 Td (W) Tj ET Q q 0 0 0 rg BT 415.67 143.00 Td (e are currently evaluating this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 129.20 Td (new guidance to determine whether we will elect this reclassification adjustment. ) Tj ET Q q 0 0 0 rg BT 426.12 129.20 Td (The adoption of this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 115.40 Td (guidance will not impact our income from continuing operations. See Note 4 for additional discussion of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 101.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.72 101.60 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 135.59 101.60 Td (Act.) Tj ET Q endstream endobj 233 0 obj <>] /Rotate 0 /Contents 234 0 R>> endobj 234 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.55 32.55 Td (1) Tj ET Q q 0 0 0 rg BT 302.87 32.55 Td (12) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (3) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 55.25 721.25 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 721.25 Td (Regulatory Matters) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 182.26 721.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 693.65 Td (Retail Rate Case Filing with the ) Tj ET Q q 0 0 0 rg BT 207.93 693.65 Td (Arizona Corporation Commission ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 666.05 Td (On June1, 2016, ) Tj ET Q q 0 0 0 rg BT 166.00 666.05 Td (APS filed an application with the ) Tj ET Q q 0 0 0 rg BT 321.23 666.05 Td (ACC for an annual increase in retail base rates of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.25 Td ($165.9 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 117.23 652.25 Td (. ) Tj ET Q q 0 0 0 rg BT 125.64 652.25 Td (This amount excluded amounts that were then collected on customer bills through adjustor ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.45 Td (mechanisms. ) Tj ET Q q 0 0 0 rg BT 114.77 638.45 Td (The application requested that some of the balances in these adjustor accounts \(aggregating to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 118.80 624.65 Td ($267.6 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 186.53 624.65 Td ( as of December 31, 2015\) be transferred into base rates through the ratemaking ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.85 Td (process. ) Tj ET Q q 0 0 0 rg BT 92.41 610.85 Td (This transfer would not have had an incremental ef) Tj ET Q q 0 0 0 rg BT 326.59 610.85 Td (fect on average customer bills. ) Tj ET Q q 0 0 0 rg BT 472.96 610.85 Td (The average ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.05 Td (annual customer bill impact of ) Tj ET Q q 0 0 0 rg BT 192.26 597.05 Td (APS) Tj ET Q q 0 0 0 rg BT 216.55 597.05 Td (s request was an increase of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 347.48 597.05 Td (5.74%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 377.18 597.05 Td ( \(the average annual bill impact for a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.25 Td (typical ) Tj ET Q q 0 0 0 rg BT 83.04 583.25 Td (APS residential customer was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 223.57 583.25 Td (7.96%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 253.28 583.25 Td (\). ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 555.65 Td (On March 27, 2017, a majority of the stakeholders in the general retail rate case, including the ) Tj ET Q q 0 0 0 rg BT 521.09 555.65 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.85 Td (Staf) Tj ET Q q 0 0 0 rg BT 67.82 541.85 Td (f, the Residential Utility Consumer Of) Tj ET Q q 0 0 0 rg BT 243.92 541.85 Td (fice, limited income advocates and private rooftop solar ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 528.05 Td (or) Tj ET Q q 0 0 0 rg BT 58.87 528.05 Td (ganizations signed a settlement agreement \(the "2017 Settlement ) Tj ET Q q 0 0 0 rg BT 358.66 528.05 Td (Agreement"\) and filed it with the ) Tj ET Q q 0 0 0 rg BT 513.45 528.05 Td (ACC. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (The 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 147.56 514.25 Td (Agreement provides for a net retail base rate increase of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 408.10 514.25 Td ($94.6 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 470.08 514.25 Td (, excluding the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.45 Td (transfer of adjustor balances, consisting of: \(1\) a non-fuel, non-depreciation, base rate increase of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.43 500.45 Td ($87.2 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 561.41 500.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.65 Td (per year; \(2\) a base rate decrease of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 215.51 486.65 Td ($53.6 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 277.48 486.65 Td ( attributable to reduced fuel and purchased power costs; and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.85 Td (\(3\) a base rate increase of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 170.18 472.85 Td ($61.0 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 232.16 472.85 Td ( due to changes in depreciation schedules. ) Tj ET Q q 0 0 0 rg BT 430.90 472.85 Td (The average annual ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 459.05 Td (customer bill impact under the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 270.20 459.05 Td (Agreement is an increase of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 401.43 459.05 Td (3.28%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 431.14 459.05 Td ( \(the average annual bill ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.25 Td (impact for a typical ) Tj ET Q q 0 0 0 rg BT 141.47 445.25 Td (APS residential customer is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 271.79 445.25 Td (4.54%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 301.50 445.25 Td (\).) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 417.65 Td (Other ) Tj ET Q q 0 0 0 rg BT 114.56 417.65 Td (key ) Tj ET Q q 0 0 0 rg BT 134.04 417.65 Td (provisions ) Tj ET Q q 0 0 0 rg BT 184.84 417.65 Td (of ) Tj ET Q q 0 0 0 rg BT 197.29 417.65 Td (the ) Tj ET Q q 0 0 0 rg BT 214.21 417.65 Td (agreement ) Tj ET Q q 0 0 0 rg BT 264.98 417.65 Td (include ) Tj ET Q q 0 0 0 rg BT 301.70 417.65 Td (the ) Tj ET Q q 0 0 0 rg BT 318.63 417.65 Td (following:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 390.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 390.05 Td (an ) Tj ET Q q 0 0 0 rg BT 117.23 390.05 Td (agreement ) Tj ET Q q 0 0 0 rg BT 167.99 390.05 Td (by ) Tj ET Q q 0 0 0 rg BT 181.73 390.05 Td (APS ) Tj ET Q q 0 0 0 rg BT 205.71 390.05 Td (not ) Tj ET Q q 0 0 0 rg BT 223.28 390.05 Td (to ) Tj ET Q q 0 0 0 rg BT 235.10 390.05 Td (file ) Tj ET Q q 0 0 0 rg BT 253.30 390.05 Td (another ) Tj ET Q q 0 0 0 rg BT 290.65 390.05 Td (general ) Tj ET Q q 0 0 0 rg BT 327.37 390.05 Td (retail ) Tj ET Q q 0 0 0 rg BT 353.87 390.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 373.98 390.05 Td (case ) Tj ET Q q 0 0 0 rg BT 396.64 390.05 Td (application ) Tj ET Q q 0 0 0 rg BT 450.61 390.05 Td (before ) Tj ET Q q 0 0 0 rg BT 482.85 390.05 Td (June ) Tj ET Q q 0 0 0 rg BT 506.81 390.05 Td (1, ) Tj ET Q q 0 0 0 rg BT 518.31 390.05 Td (2019;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 376.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 376.25 Td (an ) Tj ET Q q 0 0 0 rg BT 117.23 376.25 Td (authorized ) Tj ET Q q 0 0 0 rg BT 168.64 376.25 Td (return ) Tj ET Q q 0 0 0 rg BT 198.97 376.25 Td (on ) Tj ET Q q 0 0 0 rg BT 213.35 376.25 Td (common ) Tj ET Q q 0 0 0 rg BT 256.47 376.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 288.09 376.25 Td (of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.54 376.25 Td (10.0%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 330.25 376.25 Td (;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 362.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 362.45 Td (a ) Tj ET Q q 0 0 0 rg BT 111.48 362.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 145.00 362.45 Td (structure ) Tj ET Q q 0 0 0 rg BT 188.11 362.45 Td (comprised ) Tj ET Q q 0 0 0 rg BT 238.89 362.45 Td (of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 251.35 362.45 Td (44.2%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 281.05 362.45 Td ( ) Tj ET Q q 0 0 0 rg BT 283.93 362.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 306.60 362.45 Td (and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 326.08 362.45 Td (55.8%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 355.79 362.45 Td ( ) Tj ET Q q 0 0 0 rg BT 358.66 362.45 Td (common ) Tj ET Q q 0 0 0 rg BT 401.78 362.45 Td (equity;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 348.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 348.65 Td (a ) Tj ET Q q 0 0 0 rg BT 113.33 348.65 Td (cost ) Tj ET Q q 0 0 0 rg BT 136.58 348.65 Td (deferral ) Tj ET Q q 0 0 0 rg BT 177.05 348.65 Td (order ) Tj ET Q q 0 0 0 rg BT 206.04 348.65 Td (for ) Tj ET Q q 0 0 0 rg BT 224.18 348.65 Td (potential ) Tj ET Q q 0 0 0 rg BT 269.14 348.65 Td (future ) Tj ET Q q 0 0 0 rg BT 301.33 348.65 Td (recovery ) Tj ET Q q 0 0 0 rg BT 346.28 348.65 Td (in ) Tj ET Q q 0 0 0 rg BT 358.91 348.65 Td (APS) Tj ET Q q 0 0 0 rg BT 383.20 348.65 Td (s ) Tj ET Q q 0 0 0 rg BT 392.40 348.65 Td (next ) Tj ET Q q 0 0 0 rg BT 416.92 348.65 Td (general ) Tj ET Q q 0 0 0 rg BT 455.49 348.65 Td (retail ) Tj ET Q q 0 0 0 rg BT 483.84 348.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 505.80 348.65 Td (case ) Tj ET Q q 0 0 0 rg BT 530.31 348.65 Td (for ) Tj ET Q q 0 0 0 rg BT 548.45 348.65 Td (the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 334.85 Td (construction ) Tj ET Q q 0 0 0 rg BT 163.23 334.85 Td (and ) Tj ET Q q 0 0 0 rg BT 182.70 334.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 229.01 334.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 254.25 334.85 Td (APS ) Tj ET Q q 0 0 0 rg BT 278.22 334.85 Td (incurs ) Tj ET Q q 0 0 0 rg BT 309.20 334.85 Td (for ) Tj ET Q q 0 0 0 rg BT 325.49 334.85 Td (its ) Tj ET Q q 0 0 0 rg BT 339.23 334.85 Td (Ocotillo ) Tj ET Q q 0 0 0 rg BT 379.79 334.85 Td (modernization ) Tj ET Q q 0 0 0 rg BT 449.09 334.85 Td (project; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 321.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 321.05 Td (a ) Tj ET Q q 0 0 0 rg BT 111.45 321.05 Td (cost ) Tj ET Q q 0 0 0 rg BT 132.82 321.05 Td (deferral ) Tj ET Q q 0 0 0 rg BT 171.41 321.05 Td (and ) Tj ET Q q 0 0 0 rg BT 190.85 321.05 Td (procedure ) Tj ET Q q 0 0 0 rg BT 239.67 321.05 Td (to ) Tj ET Q q 0 0 0 rg BT 251.46 321.05 Td (allow ) Tj ET Q q 0 0 0 rg BT 279.22 321.05 Td (APS ) Tj ET Q q 0 0 0 rg BT 303.16 321.05 Td (to ) Tj ET Q q 0 0 0 rg BT 314.95 321.05 Td (request ) Tj ET Q q 0 0 0 rg BT 351.00 321.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 371.08 321.05 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 428.86 321.05 Td (prior ) Tj ET Q q 0 0 0 rg BT 454.06 321.05 Td (to ) Tj ET Q q 0 0 0 rg BT 465.85 321.05 Td (its ) Tj ET Q q 0 0 0 rg BT 479.56 321.05 Td (next ) Tj ET Q q 0 0 0 rg BT 502.20 321.05 Td (general ) Tj ET Q q 0 0 0 rg BT 538.88 321.05 Td (retail ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 307.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 124.55 307.25 Td (case ) Tj ET Q q 0 0 0 rg BT 148.16 307.25 Td (related ) Tj ET Q q 0 0 0 rg BT 183.26 307.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.03 307.25 Td (its ) Tj ET Q q 0 0 0 rg BT 210.71 307.25 Td (share ) Tj ET Q q 0 0 0 rg BT 238.79 307.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.19 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.06 307.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 330.73 307.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 357.55 307.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 408.62 307.25 Td (with ) Tj ET Q q 0 0 0 rg BT 432.89 307.25 Td (installing ) Tj ET Q q 0 0 0 rg BT 479.51 307.25 Td (selective ) Tj ET Q q 0 0 0 rg BT 523.56 307.25 Td (catalytic ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 293.45 Td (reduction ) Tj ET Q q 0 0 0 rg BT 149.80 293.45 Td (\("SCR"\) ) Tj ET Q q 0 0 0 rg BT 191.46 293.45 Td (equipment ) Tj ET Q q 0 0 0 rg BT 242.88 293.45 Td (at ) Tj ET Q q 0 0 0 rg BT 254.06 293.45 Td (Four ) Tj ET Q q 0 0 0 rg BT 278.66 293.45 Td (Corners; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 279.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 279.65 Td (a ) Tj ET Q q 0 0 0 rg BT 111.79 279.65 Td (deferral ) Tj ET Q q 0 0 0 rg BT 150.73 279.65 Td (for ) Tj ET Q q 0 0 0 rg BT 167.33 279.65 Td (future ) Tj ET Q q 0 0 0 rg BT 197.97 279.65 Td (recovery ) Tj ET Q q 0 0 0 rg BT 241.38 279.65 Td (\(or ) Tj ET Q q 0 0 0 rg BT 257.98 279.65 Td (credit ) Tj ET Q q 0 0 0 rg BT 287.35 279.65 Td (to ) Tj ET Q q 0 0 0 rg BT 299.48 279.65 Td (customers\) ) Tj ET Q q 0 0 0 rg BT 353.13 279.65 Td (of ) Tj ET Q q 0 0 0 rg BT 365.90 279.65 Td (the ) Tj ET Q q 0 0 0 rg BT 382.43 279.65 Td (Arizona ) Tj ET Q q 0 0 0 rg BT 422.66 279.65 Td (property ) Tj ET Q q 0 0 0 rg BT 464.80 279.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 482.04 279.65 Td (expense ) Tj ET Q q 0 0 0 rg BT 522.27 279.65 Td (above ) Tj ET Q q 0 0 0 rg BT 552.92 279.65 Td (or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 265.85 Td (below ) Tj ET Q q 0 0 0 rg BT 134.48 265.85 Td (a ) Tj ET Q q 0 0 0 rg BT 142.46 265.85 Td (specified ) Tj ET Q q 0 0 0 rg BT 186.84 265.85 Td (test ) Tj ET Q q 0 0 0 rg BT 205.69 265.85 Td (year ) Tj ET Q q 0 0 0 rg BT 228.35 265.85 Td (level ) Tj ET Q q 0 0 0 rg BT 253.58 265.85 Td (caused ) Tj ET Q q 0 0 0 rg BT 287.74 265.85 Td (by ) Tj ET Q q 0 0 0 rg BT 302.12 265.85 Td (changes ) Tj ET Q q 0 0 0 rg BT 342.03 265.85 Td (to ) Tj ET Q q 0 0 0 rg BT 353.85 265.85 Td (the ) Tj ET Q q 0 0 0 rg BT 370.78 265.85 Td (applicable ) Tj ET Q q 0 0 0 rg BT 420.27 265.85 Td (Arizona ) Tj ET Q q 0 0 0 rg BT 460.18 265.85 Td (property ) Tj ET Q q 0 0 0 rg BT 502.02 265.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 518.94 265.85 Td (rate;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 252.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 252.05 Td (an ) Tj ET Q q 0 0 0 rg BT 118.56 252.05 Td (expansion ) Tj ET Q q 0 0 0 rg BT 169.40 252.05 Td (of ) Tj ET Q q 0 0 0 rg BT 183.19 252.05 Td (the ) Tj ET Q q 0 0 0 rg BT 201.45 252.05 Td (PSA) Tj ET Q q 0 0 0 rg BT 221.91 252.05 Td ( ) Tj ET Q q 0 0 0 rg BT 226.12 252.05 Td (to ) Tj ET Q q 0 0 0 rg BT 239.27 252.05 Td (include ) Tj ET Q q 0 0 0 rg BT 277.33 252.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 312.82 252.05 Td (environmental ) Tj ET Q q 0 0 0 rg BT 383.46 252.05 Td (chemical ) Tj ET Q q 0 0 0 rg BT 429.17 252.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 456.38 252.05 Td (and ) Tj ET Q q 0 0 0 rg BT 477.19 252.05 Td (third-party ) Tj ET Q q 0 0 0 rg BT 530.58 252.05 Td (battery ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 238.25 Td (storage ) Tj ET Q q 0 0 0 rg BT 139.58 238.25 Td (costs;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 224.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 224.45 Td (a ) Tj ET Q q 0 0 0 rg BT 110.82 224.45 Td (new ) Tj ET Q q 0 0 0 rg BT 131.71 224.45 Td (AZ ) Tj ET Q q 0 0 0 rg BT 149.26 224.45 Td (Sun ) Tj ET Q q 0 0 0 rg BT 169.37 224.45 Td (II ) Tj ET Q q 0 0 0 rg BT 179.24 224.45 Td (program ) Tj ET Q q 0 0 0 rg BT 220.42 224.45 Td (\(now ) Tj ET Q q 0 0 0 rg BT 246.27 224.45 Td (known ) Tj ET Q q 0 0 0 rg BT 279.79 224.45 Td (as ) Tj ET Q q 0 0 0 rg BT 291.10 224.45 Td (APS ) Tj ET Q q 0 0 0 rg BT 314.42 224.45 Td (Solar ) Tj ET Q q 0 0 0 rg BT 340.91 224.45 Td (Communities\) ) Tj ET Q q 0 0 0 rg BT 408.93 224.45 Td (for ) Tj ET Q q 0 0 0 rg BT 424.56 224.45 Td (utility-owned ) Tj ET Q q 0 0 0 rg BT 488.74 224.45 Td (solar ) Tj ET Q q 0 0 0 rg BT 513.31 224.45 Td (distributed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 210.65 Td (generation ) Tj ET Q q 0 0 0 rg BT 154.03 210.65 Td (\("DG"\) ) Tj ET Q q 0 0 0 rg BT 189.69 210.65 Td (with ) Tj ET Q q 0 0 0 rg BT 212.14 210.65 Td (the ) Tj ET Q q 0 0 0 rg BT 228.19 210.65 Td (purpose ) Tj ET Q q 0 0 0 rg BT 266.60 210.65 Td (of ) Tj ET Q q 0 0 0 rg BT 278.18 210.65 Td (expanding ) Tj ET Q q 0 0 0 rg BT 328.08 210.65 Td (access ) Tj ET Q q 0 0 0 rg BT 359.45 210.65 Td (to ) Tj ET Q q 0 0 0 rg BT 370.40 210.65 Td (rooftop ) Tj ET Q q 0 0 0 rg BT 406.25 210.65 Td (solar ) Tj ET Q q 0 0 0 rg BT 430.61 210.65 Td (for ) Tj ET Q q 0 0 0 rg BT 446.02 210.65 Td (low ) Tj ET Q q 0 0 0 rg BT 465.27 210.65 Td (and ) Tj ET Q q 0 0 0 rg BT 483.88 210.65 Td (moderate ) Tj ET Q q 0 0 0 rg BT 528.66 210.65 Td (income ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 196.85 Td (Arizonans, ) Tj ET Q q 0 0 0 rg BT 156.64 196.85 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 213.27 196.85 Td (through ) Tj ET Q q 0 0 0 rg BT 252.04 196.85 Td (the ) Tj ET Q q 0 0 0 rg BT 269.09 196.85 Td (RES, ) Tj ET Q q 0 0 0 rg BT 296.06 196.85 Td (to ) Tj ET Q q 0 0 0 rg BT 308.00 196.85 Td (be ) Tj ET Q q 0 0 0 rg BT 321.86 196.85 Td (no ) Tj ET Q q 0 0 0 rg BT 336.36 196.85 Td (less ) Tj ET Q q 0 0 0 rg BT 356.61 196.85 Td (than ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 379.41 196.85 Td ($10 ) Tj ET Q q 0 0 0 rg BT 399.66 196.85 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 432.88 196.85 Td ( ) Tj ET Q q 0 0 0 rg BT 435.88 196.85 Td (per ) Tj ET Q q 0 0 0 rg BT 453.57 196.85 Td (year) Tj ET Q q 0 0 0 rg BT 472.90 196.85 Td (, ) Tj ET Q q 0 0 0 rg BT 478.77 196.85 Td (and ) Tj ET Q q 0 0 0 rg BT 498.38 196.85 Td (not ) Tj ET Q q 0 0 0 rg BT 516.07 196.85 Td (more ) Tj ET Q q 0 0 0 rg BT 542.70 196.85 Td (than ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 183.05 Td ($15 ) Tj ET Q q 0 0 0 rg BT 123.63 183.05 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 156.85 183.05 Td ( ) Tj ET Q q 0 0 0 rg BT 159.73 183.05 Td (per ) Tj ET Q q 0 0 0 rg BT 177.29 183.05 Td (year;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 169.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 169.25 Td (an ) Tj ET Q q 0 0 0 rg BT 118.67 169.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 160.65 169.25 Td (to ) Tj ET Q q 0 0 0 rg BT 173.91 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.27 169.25 Td (per ) Tj ET Q q 0 0 0 rg BT 211.26 169.25 Td (kWh ) Tj ET Q q 0 0 0 rg BT 237.93 169.25 Td (cap ) Tj ET Q q 0 0 0 rg BT 258.20 169.25 Td (for ) Tj ET Q q 0 0 0 rg BT 275.92 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.29 169.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 365.02 169.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 430.66 169.25 Td (surchar) Tj ET Q q 0 0 0 rg BT 464.29 169.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 479.46 169.25 Td (from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 506.13 169.25 Td ($0.00016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 549.25 169.25 Td ( ) Tj ET Q q 0 0 0 rg BT 553.56 169.25 Td (to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 155.45 Td ($0.00050) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 146.63 155.45 Td ( ) Tj ET Q q 0 0 0 rg BT 149.50 155.45 Td (and ) Tj ET Q q 0 0 0 rg BT 168.98 155.45 Td (the ) Tj ET Q q 0 0 0 rg BT 185.90 155.45 Td (addition ) Tj ET Q q 0 0 0 rg BT 226.47 155.45 Td (of ) Tj ET Q q 0 0 0 rg BT 238.92 155.45 Td (a ) Tj ET Q q 0 0 0 rg BT 246.90 155.45 Td (balancing ) Tj ET Q q 0 0 0 rg BT 294.48 155.45 Td (account;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 141.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 141.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 123.61 141.65 Td (design ) Tj ET Q q 0 0 0 rg BT 156.51 141.65 Td (changes, ) Tj ET Q q 0 0 0 rg BT 199.30 141.65 Td (including:) Tj ET Q BT /F1 11.50 Tf ET /GS0 gs q 4.79 0 0 11.46 139.50 125.37 cm /I36 Do Q q 0 0 0 rg BT 144.29 127.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 157.50 127.85 Td (a ) Tj ET Q q 0 0 0 rg BT 165.29 127.85 Td (change ) Tj ET Q q 0 0 0 rg BT 200.54 127.85 Td (in ) Tj ET Q q 0 0 0 rg BT 212.17 127.85 Td (the ) Tj ET Q q 0 0 0 rg BT 228.91 127.85 Td (on-peak ) Tj ET Q q 0 0 0 rg BT 268.63 127.85 Td (time ) Tj ET Q q 0 0 0 rg BT 291.76 127.85 Td (of ) Tj ET Q q 0 0 0 rg BT 304.02 127.85 Td (use ) Tj ET Q q 0 0 0 rg BT 322.04 127.85 Td (period ) Tj ET Q q 0 0 0 rg BT 354.10 127.85 Td (from ) Tj ET Q q 0 0 0 rg BT 379.14 127.85 Td (noon ) Tj ET Q q 0 0 0 rg BT 404.83 127.85 Td (- ) Tj ET Q q 0 0 0 rg BT 411.34 127.85 Td (7 ) Tj ET Q q 0 0 0 rg BT 419.78 127.85 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 442.91 127.85 Td (to ) Tj ET Q q 0 0 0 rg BT 454.54 127.85 Td (3 ) Tj ET Q q 0 0 0 rg BT 462.97 127.85 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 486.11 127.85 Td (- ) Tj ET Q q 0 0 0 rg BT 492.62 127.85 Td (8 ) Tj ET Q q 0 0 0 rg BT 501.06 127.85 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 524.19 127.85 Td (Monday ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 157.50 114.05 Td (through ) Tj ET Q q 0 0 0 rg BT 196.15 114.05 Td (Friday) Tj ET Q q 0 0 0 rg BT 225.43 114.05 Td (, ) Tj ET Q q 0 0 0 rg BT 231.18 114.05 Td (excluding ) Tj ET Q q 0 0 0 rg BT 279.40 114.05 Td (holidays; ) Tj ET Q BT /F1 11.50 Tf ET /GS0 gs q 4.79 0 0 11.46 139.50 97.77 cm /I37 Do Q q 0 0 0 rg BT 144.29 100.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 157.50 100.25 Td (non-grandfathered ) Tj ET Q q 0 0 0 rg BT 245.43 100.25 Td (DG ) Tj ET Q q 0 0 0 rg BT 265.05 100.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 314.68 100.25 Td (would ) Tj ET Q q 0 0 0 rg BT 346.43 100.25 Td (be ) Tj ET Q q 0 0 0 rg BT 360.29 100.25 Td (required ) Tj ET Q q 0 0 0 rg BT 401.61 100.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.56 100.25 Td (select ) Tj ET Q q 0 0 0 rg BT 442.74 100.25 Td (a ) Tj ET Q q 0 0 0 rg BT 450.85 100.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 471.08 100.25 Td (option ) Tj ET Q q 0 0 0 rg BT 503.48 100.25 Td (that ) Tj ET Q q 0 0 0 rg BT 523.73 100.25 Td (has ) Tj ET Q q 0 0 0 rg BT 542.06 100.25 Td (time ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 157.50 86.45 Td (of ) Tj ET Q q 0 0 0 rg BT 169.95 86.45 Td (use ) Tj ET Q q 0 0 0 rg BT 188.16 86.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 212.74 86.45 Td (and ) Tj ET Q q 0 0 0 rg BT 232.22 86.45 Td (either ) Tj ET Q q 0 0 0 rg BT 261.28 86.45 Td (a ) Tj ET Q q 0 0 0 rg BT 269.26 86.45 Td (new ) Tj ET Q q 0 0 0 rg BT 291.29 86.45 Td (grid ) Tj ET Q q 0 0 0 rg BT 312.69 86.45 Td (access ) Tj ET Q q 0 0 0 rg BT 344.94 86.45 Td (char) Tj ET Q q 0 0 0 rg BT 364.52 86.45 Td (ge ) Tj ET Q q 0 0 0 rg BT 378.25 86.45 Td (or ) Tj ET Q q 0 0 0 rg BT 390.70 86.45 Td (demand ) Tj ET Q q 0 0 0 rg BT 429.98 86.45 Td (component; ) Tj ET Q BT /F1 11.50 Tf ET /GS0 gs q 4.79 0 0 11.46 139.50 70.17 cm /I38 Do Q q 0 0 0 rg BT 144.29 72.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 157.50 72.65 Td (a ) Tj ET Q q 0 0 0 rg BT 164.75 72.65 Td (Resource ) Tj ET Q q 0 0 0 rg BT 209.67 72.65 Td (Comparison ) Tj ET Q q 0 0 0 rg BT 268.04 72.65 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 297.65 72.65 Td (\(RCP\) ) Tj ET Q q 0 0 0 rg BT 339.40 72.65 Td (for ) Tj ET Q q 0 0 0 rg BT 354.95 72.65 Td (exported ) Tj ET Q q 0 0 0 rg BT 397.32 72.65 Td (ener) Tj ET Q q 0 0 0 rg BT 416.90 72.65 Td (gy ) Tj ET Q q 0 0 0 rg BT 430.54 72.65 Td (of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 442.26 72.65 Td (12.9 ) Tj ET Q q 0 0 0 rg BT 464.53 72.65 Td (cents) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.16 72.65 Td ( ) Tj ET Q q 0 0 0 rg BT 490.30 72.65 Td (per ) Tj ET Q q 0 0 0 rg BT 507.13 72.65 Td (kWh ) Tj ET Q q 0 0 0 rg BT 531.62 72.65 Td (in ) Tj ET Q q 0 0 0 rg BT 542.71 72.65 Td (year ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 157.50 58.85 Td (one; ) Tj ET Q q 0 0 0 rg BT 180.17 58.85 Td (and) Tj ET Q endstream endobj 235 0 obj <>] /Rotate 0 /Contents 236 0 R>> endobj 236 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.55 32.55 Td (1) Tj ET Q q 0 0 0 rg BT 302.87 32.55 Td (13) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 721.05 Td (an ) Tj ET Q q 0 0 0 rg BT 117.63 721.05 Td (agreement ) Tj ET Q q 0 0 0 rg BT 168.79 721.05 Td (by ) Tj ET Q q 0 0 0 rg BT 182.85 721.05 Td (APS ) Tj ET Q q 0 0 0 rg BT 207.22 721.05 Td (not ) Tj ET Q q 0 0 0 rg BT 225.19 721.05 Td (to ) Tj ET Q q 0 0 0 rg BT 237.41 721.05 Td (pursue ) Tj ET Q q 0 0 0 rg BT 271.34 721.05 Td (any ) Tj ET Q q 0 0 0 rg BT 291.22 721.05 Td (new ) Tj ET Q q 0 0 0 rg BT 313.66 721.05 Td (self-build ) Tj ET Q q 0 0 0 rg BT 361.01 721.05 Td (generation ) Tj ET Q q 0 0 0 rg BT 412.81 721.05 Td (\(with ) Tj ET Q q 0 0 0 rg BT 440.37 721.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 474.92 721.05 Td (exceptions\) ) Tj ET Q q 0 0 0 rg BT 531.21 721.05 Td (having ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 707.25 Td (an ) Tj ET Q q 0 0 0 rg BT 118.58 707.25 Td (in-service ) Tj ET Q q 0 0 0 rg BT 168.15 707.25 Td (date ) Tj ET Q q 0 0 0 rg BT 191.54 707.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 218.12 707.25 Td (to ) Tj ET Q q 0 0 0 rg BT 231.29 707.25 Td (January ) Tj ET Q q 0 0 0 rg BT 271.29 707.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 284.14 707.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 311.37 707.25 Td (\(extended ) Tj ET Q q 0 0 0 rg BT 360.94 707.25 Td (to ) Tj ET Q q 0 0 0 rg BT 374.12 707.25 Td (December ) Tj ET Q q 0 0 0 rg BT 425.59 707.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 444.20 707.25 Td (2027 ) Tj ET Q q 0 0 0 rg BT 471.43 707.25 Td (for ) Tj ET Q q 0 0 0 rg BT 489.07 707.25 Td (combined-cycle ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 693.45 Td (generating ) Tj ET Q q 0 0 0 rg BT 154.91 693.45 Td (units\), ) Tj ET Q q 0 0 0 rg BT 186.85 693.45 Td (unless ) Tj ET Q q 0 0 0 rg BT 218.48 693.45 Td (expressly ) Tj ET Q q 0 0 0 rg BT 264.79 693.45 Td (authorized ) Tj ET Q q 0 0 0 rg BT 316.20 693.45 Td (by ) Tj ET Q q 0 0 0 rg BT 330.57 693.45 Td (the ) Tj ET Q q 0 0 0 rg BT 346.86 693.45 Td (ACC. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 665.85 Td (Through a separate agreement, ) Tj ET Q q 0 0 0 rg BT 229.51 665.85 Td (APS, industry representatives, and solar advocates committed to stand ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (by the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 158.10 652.05 Td (Agreement and refrain from seeking to undermine it through ballot initiatives, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (legislation or advocacy at the ) Tj ET Q q 0 0 0 rg BT 186.50 638.25 Td (ACC.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 610.65 Td (On ) Tj ET Q q 0 0 0 rg BT 101.80 610.65 Td (August 15, 2017, the ) Tj ET Q q 0 0 0 rg BT 200.19 610.65 Td (ACC approved \(by a vote of 4-1\), the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 452.82 610.65 Td (Agreement without ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (material modifications. On ) Tj ET Q q 0 0 0 rg BT 178.21 596.85 Td (August 18, 2017, the ) Tj ET Q q 0 0 0 rg BT 276.60 596.85 Td (ACC issued a final written Opinion and Order reflecting its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (decision in ) Tj ET Q q 0 0 0 rg BT 101.89 583.05 Td (APS) Tj ET Q q 0 0 0 rg BT 126.18 583.05 Td (s general retail rate case \(the "2017 Rate Case Decision"\), which is subject to requests for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (rehearing and potential appeal. ) Tj ET Q q 0 0 0 rg BT 196.81 569.25 Td (The new rates went into ef) Tj ET Q q 0 0 0 rg BT 318.91 569.25 Td (fect on ) Tj ET Q q 0 0 0 rg BT 352.76 569.25 Td (August 19, 2017. On ) Tj ET Q q 0 0 0 rg BT 456.91 569.25 Td (August 20, 2017, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (Commissioner Burns filed a special action petition in the ) Tj ET Q q 0 0 0 rg BT 313.64 555.45 Td (Arizona Supreme Court seeking to vacate the ) Tj ET Q q 0 0 0 rg BT 524.74 555.45 Td (ACC's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (order approving the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 220.37 541.65 Td (Agreement so that alleged issues of disqualification and bias on the part ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td (of the other Commissioners can be fully investigated. ) Tj ET Q q 0 0 0 rg BT 303.42 527.85 Td (APS opposed the petition, and on October 17, 2017, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td (Arizona Supreme Court declined to accept jurisdiction over Commissioner Burns) Tj ET Q q 0 0 0 rg BT 427.11 514.05 Td ( special action petition.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 486.45 Td (On October 17, 2017, ) Tj ET Q q 0 0 0 rg BT 188.14 486.45 Td (W) Tj ET Q q 0 0 0 rg BT 198.07 486.45 Td (arren ) Tj ET Q q 0 0 0 rg BT 224.36 486.45 Td (W) Tj ET Q q 0 0 0 rg BT 234.29 486.45 Td (oodward \(an intervener in ) Tj ET Q q 0 0 0 rg BT 355.64 486.45 Td (APS's general retail rate case\) filed a Notice ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.65 Td (of ) Tj ET Q q 0 0 0 rg BT 61.32 472.65 Td (Appeal in the ) Tj ET Q q 0 0 0 rg BT 125.52 472.65 Td (Arizona Court of ) Tj ET Q q 0 0 0 rg BT 206.32 472.65 Td (Appeals, Division One. ) Tj ET Q q 0 0 0 rg BT 319.82 472.65 Td (The notice raises a single issue related to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.85 Td (application of certain rate schedules to new ) Tj ET Q q 0 0 0 rg BT 251.00 458.85 Td (APS residential customers after May 1, 2018. Mr) Tj ET Q q 0 0 0 rg BT 476.81 458.85 Td (. ) Tj ET Q q 0 0 0 rg BT 482.36 458.85 Td (W) Tj ET Q q 0 0 0 rg BT 492.29 458.85 Td (oodward filed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.05 Td (a second notice of appeal on November 13, 2017 challenging ) Tj ET Q q 0 0 0 rg BT 333.41 445.05 Td (APS) Tj ET Q q 0 0 0 rg BT 357.70 445.05 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 365.05 445.05 Td ($5) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 376.55 445.05 Td ( per month automated metering ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (infrastructure opt-out program. Mr) Tj ET Q q 0 0 0 rg BT 211.42 431.25 Td (. ) Tj ET Q q 0 0 0 rg BT 216.96 431.25 Td (W) Tj ET Q q 0 0 0 rg BT 226.89 431.25 Td (oodward) Tj ET Q q 0 0 0 rg BT 270.33 431.25 Td (s two appeals have been consolidated and ) Tj ET Q q 0 0 0 rg BT 464.18 431.25 Td (APS has filed a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.45 Td (motion to intervene. ) Tj ET Q q 0 0 0 rg BT 144.68 417.45 Td (APS cannot predict the outcome of this consolidated appeal but does not believe it will ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.65 Td (have a material impact. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 376.05 Td (On January 3, 2018, an ) Tj ET Q q 0 0 0 rg BT 194.41 376.05 Td (APS customer filed a petition with the ) Tj ET Q q 0 0 0 rg BT 372.97 376.05 Td (ACC that was determined by the ) Tj ET Q q 0 0 0 rg BT 525.64 376.05 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (Staf) Tj ET Q q 0 0 0 rg BT 67.82 362.25 Td (f to be a complaint filed pursuant to ) Tj ET Q q 0 0 0 rg BT 234.53 362.25 Td (Arizona Revised Statute 40-246 \(the Complaint\) and not a request ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.45 Td (for rehearing. ) Tj ET Q q 0 0 0 rg BT 114.32 348.45 Td (Arizona Revised Statute 40-246 requires the ) Tj ET Q q 0 0 0 rg BT 326.38 348.45 Td (ACC to hold a hearing regarding any complaint ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.65 Td (alleging that a public service corporation is in violation of any commission order or that the rates being ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.85 Td (char) Tj ET Q q 0 0 0 rg BT 69.08 320.85 Td (ged are not just and reasonable if the complaint is signed by at least ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 382.69 320.85 Td (twenty-five) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 435.70 320.85 Td ( customers of the public ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.05 Td (service corporation. ) Tj ET Q q 0 0 0 rg BT 146.37 307.05 Td (The Complaint alleged that ) Tj ET Q q 0 0 0 rg BT 274.12 307.05 Td (APS is in violation of commission order [sic]. On February ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (13, 2018, the complainant filed an amended Complaint alleging that the rates and char) Tj ET Q q 0 0 0 rg BT 446.25 293.25 Td (ges in the 2017 Rate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.45 Td (Case Decision are not just and reasonable. ) Tj ET Q q 0 0 0 rg BT 249.53 279.45 Td (The complainant is requesting that the ) Tj ET Q q 0 0 0 rg BT 427.74 279.45 Td (ACC hold a hearing on her ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.65 Td (amended Complaint to determine if the average bill impact on residential customers of the rates and char) Tj ET Q q 0 0 0 rg BT 531.50 265.65 Td (ges ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.85 Td (approved in the 2017 Rate Case Decision is greater than 4.54% \(the average annual bill impact for a typical ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.05 Td (APS residential customer estimated by ) Tj ET Q q 0 0 0 rg BT 229.96 238.05 Td (APS\), and if so, what ef) Tj ET Q q 0 0 0 rg BT 339.95 238.05 Td (fect the alleged greater bill impact has on ) Tj ET Q q 0 0 0 rg BT 532.18 238.05 Td (APS's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (revenues and the overall reasonableness and justness of ) Tj ET Q q 0 0 0 rg BT 306.90 224.25 Td (APS's rates and char) Tj ET Q q 0 0 0 rg BT 401.06 224.25 Td (ges, in order to determine if there ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.45 Td (is suf) Tj ET Q q 0 0 0 rg BT 73.89 210.45 Td (ficient evidence to warrant a full-scale rate hearing. ) Tj ET Q q 0 0 0 rg BT 315.92 210.45 Td (APS cannot predict the outcome of this matter) Tj ET Q q 0 0 0 rg BT 528.31 210.45 Td (.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 182.85 Td (Prior) Tj ET Q q 0 0 0 rg BT 75.47 182.85 Td ( Rate Case Filing with the ) Tj ET Q q 0 0 0 rg BT 204.52 182.85 Td (Arizona Corporation Commission) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 155.25 Td (On June1, 201) Tj ET Q q 0 0 0 rg BT 154.71 155.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 165.57 155.25 Td (APS filed an application with the ) Tj ET Q q 0 0 0 rg BT 320.81 155.25 Td (ACC for a net retail base rate increase of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 511.43 155.25 Td ($95.5 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.45 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 141.45 Td (. On January6, 2012, ) Tj ET Q q 0 0 0 rg BT 186.54 141.45 Td (APS and other parties to the general retail rate case entered into the 2012 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.65 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 100.93 127.65 Td (Agreement \(the "2012 Settlement ) Tj ET Q q 0 0 0 rg BT 257.64 127.65 Td (Agreement"\) detailing the terms upon which the parties agreed to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.85 Td (settle the rate case. On May15, 2012, the ) Tj ET Q q 0 0 0 rg BT 245.27 113.85 Td (ACC approved the 2012 Settlement ) Tj ET Q q 0 0 0 rg BT 411.68 113.85 Td (Agreement without material ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.05 Td (modifications.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.25 Td () Tj ET Q endstream endobj 237 0 obj <>] /Rotate 0 /Contents 238 0 R>> endobj 238 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.55 32.55 Td (1) Tj ET Q q 0 0 0 rg BT 302.87 32.55 Td (14) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (Cost Recovery Mechanisms ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.65 Td (APS has received regulatory decisions that allow for more timely recovery of certain costs outside of a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (general retail rate case through the following recovery mechanisms.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 666.05 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 652.25 Td (Renewable Energy Standard) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 220.96 652.25 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 223.83 652.25 Td ( In 2006, the ) Tj ET Q q 0 0 0 rg BT 287.08 652.25 Td (ACC approved the RES. Under the RES, electric utilities ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.45 Td (that are regulated by the ) Tj ET Q q 0 0 0 rg BT 162.86 638.45 Td (ACC must supply an increasing percentage of their retail electric ener) Tj ET Q q 0 0 0 rg BT 483.90 638.45 Td (gy sales from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (eligible renewable resources, including solar) Tj ET Q q 0 0 0 rg BT 254.37 624.65 Td (, wind, biomass, biogas and geothermal technologies. In order to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.85 Td (achieve these requirements, the ) Tj ET Q q 0 0 0 rg BT 196.07 610.85 Td (ACC allows ) Tj ET Q q 0 0 0 rg BT 254.86 610.85 Td (APS to include a RES surchar) Tj ET Q q 0 0 0 rg BT 392.95 610.85 Td (ge as part of customer bills to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.05 Td (recover the approved amounts for use on renewable ener) Tj ET Q q 0 0 0 rg BT 309.85 597.05 Td (gy projects. Each year ) Tj ET Q q 0 0 0 rg BT 417.14 597.05 Td (APS is required to file a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 530.85 597.05 Td (5) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 536.60 597.05 Td (-year ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.25 Td (implementation plan with the ) Tj ET Q q 0 0 0 rg BT 186.84 583.25 Td (ACC and seek approval for funding the upcoming year) Tj ET Q q 0 0 0 rg BT 440.21 583.25 Td () Tj ET Q q 0 0 0 rg BT 443.40 583.25 Td (s RES budget.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 569.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 555.65 Td (In 2013, the ) Tj ET Q q 0 0 0 rg BT 143.00 555.65 Td (ACC conducted a hearing to consider ) Tj ET Q q 0 0 0 rg BT 318.01 555.65 Td (APS) Tj ET Q q 0 0 0 rg BT 342.30 555.65 Td (s proposal to establish compliance with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.85 Td (distributed ener) Tj ET Q q 0 0 0 rg BT 121.15 541.85 Td (gy requirements by tracking and recording distributed ener) Tj ET Q q 0 0 0 rg BT 391.43 541.85 Td (gy) Tj ET Q q 0 0 0 rg BT 402.18 541.85 Td (, rather than acquiring and retiring ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 528.05 Td (renewable ener) Tj ET Q q 0 0 0 rg BT 119.20 528.05 Td (gy credits. On February6, 2014, the ) Tj ET Q q 0 0 0 rg BT 287.84 528.05 Td (ACC established a proceeding to modify the renewable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 514.25 Td (gy rulesto establish a process for compliance with the renewable ener) Tj ET Q q 0 0 0 rg BT 391.08 514.25 Td (gy requirement that is not based ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.45 Td (solely on the use of renewable ener) Tj ET Q q 0 0 0 rg BT 211.51 500.45 Td (gy credits. On September 9, 2014, the ) Tj ET Q q 0 0 0 rg BT 387.81 500.45 Td (ACC authorized a rulemaking ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.65 Td (process to modify the RES rules. ) Tj ET Q q 0 0 0 rg BT 203.57 486.65 Td (The proposed changes would permit the ) Tj ET Q q 0 0 0 rg BT 390.08 486.65 Td (ACC to find that utilities have ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.85 Td (complied with the distributed ener) Tj ET Q q 0 0 0 rg BT 207.06 472.85 Td (gy requirement in light of all available information. ) Tj ET Q q 0 0 0 rg BT 446.69 472.85 Td (The ) Tj ET Q q 0 0 0 rg BT 466.81 472.85 Td (ACC adopted these ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 459.05 Td (changes on December 18, 2014. ) Tj ET Q q 0 0 0 rg BT 202.58 459.05 Td (The revised rules went into ef) Tj ET Q q 0 0 0 rg BT 339.37 459.05 Td (fect on ) Tj ET Q q 0 0 0 rg BT 373.22 459.05 Td (April 21, 2015. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 432.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 432.05 Td (In December 2014, the ) Tj ET Q q 0 0 0 rg BT 193.12 432.05 Td (ACC voted that it had no objection to ) Tj ET Q q 0 0 0 rg BT 368.16 432.05 Td (APS implementing an ) Tj ET Q q 0 0 0 rg BT 471.98 432.05 Td (APS-owned ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 418.25 Td (rooftop solar research and development program aimed at learning how to ef) Tj ET Q q 0 0 0 rg BT 402.16 418.25 Td (ficiently enable the integration of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 404.45 Td (rooftop solar and battery storage with the grid. ) Tj ET Q q 0 0 0 rg BT 269.02 404.45 Td (The first stage of the program, called the "Solar Partner ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 390.65 Td (Program," placed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 132.43 390.65 Td (8) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 138.18 390.65 Td ( MW) Tj ET Q q 0 0 0 rg BT 161.93 390.65 Td ( of residential rooftop solar on strategically selected distribution feeders in an ef) Tj ET Q q 0 0 0 rg BT 529.61 390.65 Td (fort to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.85 Td (maximize potential system benefits, as well as made systems available to limited-income customers who could ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 363.05 Td (not easily install solar through transactions with third parties.) Tj ET Q q 0 0 0 rg BT 333.56 363.05 Td (The second stage of the program, which included ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 349.25 Td (an additional ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 112.09 349.25 Td (2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 117.84 349.25 Td ( MW) Tj ET Q q 0 0 0 rg BT 141.59 349.25 Td ( of rooftop solar and ener) Tj ET Q q 0 0 0 rg BT 257.94 349.25 Td (gy storage, placed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 344.16 349.25 Td (two) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 361.41 349.25 Td ( ener) Tj ET Q q 0 0 0 rg BT 383.87 349.25 Td (gy storage systems sized at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 511.30 349.25 Td (2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 517.05 349.25 Td ( MW) Tj ET Q q 0 0 0 rg BT 540.80 349.25 Td ( on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 335.45 Td (two) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 66.75 335.45 Td ( dif) Tj ET Q q 0 0 0 rg BT 82.19 335.45 Td (ferent high solar penetration feeders to test various grid-related operation improvements and system ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 321.65 Td (interoperability) Tj ET Q q 0 0 0 rg BT 119.65 321.65 Td (, and was in operation by the end of 2016. ) Tj ET Q q 0 0 0 rg BT 318.41 321.65 Td (The costs for this program have been included in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.85 Td (APS's rate base as part of the 2017 Rate Case Decision.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 280.25 Td (On July 1, 2016, ) Tj ET Q q 0 0 0 rg BT 164.09 280.25 Td (APS filed its 2017 RES Implementation Plan and proposed a budget of approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 266.45 Td ($150 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 108.60 266.45 Td (. ) Tj ET Q q 0 0 0 rg BT 116.59 266.45 Td (APS) Tj ET Q q 0 0 0 rg BT 140.88 266.45 Td (s budget request included additional funding to process the high volume of residential ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 252.65 Td (rooftop solar interconnection requests and also requested a permanent waiver of the residential distributed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.85 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 238.85 Td (gy requirement for 2017 contained in the RES rules. On ) Tj ET Q q 0 0 0 rg BT 331.62 238.85 Td (April 7, 2017, ) Tj ET Q q 0 0 0 rg BT 398.38 238.85 Td (APS filed an amended 2017 RES ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 225.05 Td (Implementation Plan and updated budget request which included the revenue neutral transfer of specific ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 211.25 Td (revenue requirements into base rates in accordance with the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 404.29 211.25 Td (Agreement. On ) Tj ET Q q 0 0 0 rg BT 480.30 211.25 Td (August 15, 2017, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 197.45 Td (the ) Tj ET Q q 0 0 0 rg BT 65.79 197.45 Td (ACC approved the 2017 RES Implementation Plan.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 169.85 Td (On June 30, 2017, ) Tj ET Q q 0 0 0 rg BT 171.75 169.85 Td (APS filed its 2018 RES Implementation Plan and proposed a budget of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 156.05 Td (approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 118.80 156.05 Td ($90 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 172.15 156.05 Td (. ) Tj ET Q q 0 0 0 rg BT 180.14 156.05 Td (APS) Tj ET Q q 0 0 0 rg BT 204.43 156.05 Td (s budget request supports existing approved projects and commitments and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (includes the anticipated transfer of specific revenue requirements into base rates in accordance with the 2017 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 128.45 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 100.93 128.45 Td (Agreement and also requests a permanent waiver of the residential distributed ener) Tj ET Q q 0 0 0 rg BT 481.68 128.45 Td (gy requirement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 114.65 Td (for 2018 contained in the RES rules. ) Tj ET Q q 0 0 0 rg BT 222.30 114.65 Td (APS's 2018 RES budget request is lower than the 2017 RES budget due ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.85 Td (in part to a certain portion of the RES being collected by ) Tj ET Q q 0 0 0 rg BT 312.02 100.85 Td (APS in base rates rather than through the RES ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 87.05 Td (adjustor) Tj ET Q q 0 0 0 rg BT 85.92 87.05 Td (. ) Tj ET Q endstream endobj 239 0 obj <>] /Rotate 0 /Contents 240 0 R>> endobj 240 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.55 32.55 Td (1) Tj ET Q q 0 0 0 rg BT 302.87 32.55 Td (15) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 721.05 Td (On November 20, 2017, ) Tj ET Q q 0 0 0 rg BT 199.21 721.05 Td (APS filed an updated 2018 RES budget to include budget adjustments for ) Tj ET Q q 0 0 0 rg BT 540.34 721.05 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (Solar Communities \(formerly known as ) Tj ET Q q 0 0 0 rg BT 234.44 707.25 Td (AZ Sun II\), which was approved as part of the 2017 Rate Case ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (Decision. ) Tj ET Q q 0 0 0 rg BT 98.37 693.45 Td (APS Solar Communities is a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 232.87 693.45 Td (3) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 238.62 693.45 Td (-year program requiring ) Tj ET Q q 0 0 0 rg BT 351.34 693.45 Td (APS to spend ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 416.84 693.45 Td ($10) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 434.09 693.45 Td (-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 437.92 693.45 Td ($15 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 491.27 693.45 Td ( in capital costs ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (each year to install utility-owned DG systems for low to moderate income residential homes, buildings of non-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (profit entities, ) Tj ET Q q 0 0 0 rg BT 116.68 665.85 Td (T) Tj ET Q q 0 0 0 rg BT 123.30 665.85 Td (itle I schools and rural government facilities. ) Tj ET Q q 0 0 0 rg BT 334.83 665.85 Td (The 2017 Rate Case Decision provided that all ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (operations and maintenance expenses, property taxes, marketing and advertising expenses, and the capital ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (carrying costs for this program will be recovered through the RES. ) Tj ET Q q 0 0 0 rg BT 361.96 638.25 Td (The ) Tj ET Q q 0 0 0 rg BT 382.08 638.25 Td (ACC has not yet ruled on ) Tj ET Q q 0 0 0 rg BT 501.54 638.25 Td (APS's 2018 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (RES Implementation Plan. ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.5882352941176471 0.26666666666666666 rg BT 49.50 596.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 596.85 Td (In September 2016, the ) Tj ET Q q 0 0 0 rg BT 195.05 596.85 Td (ACC initiated a proceeding which will examine the possible modernization and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (expansion of the RES. ) Tj ET Q q 0 0 0 rg BT 157.89 583.05 Td (The ) Tj ET Q q 0 0 0 rg BT 178.01 583.05 Td (ACC noted that many of the provisions of the original rule may no longer be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (appropriate, and the underlying economic assumptions associated with the rule have changed dramatically) Tj ET Q q 0 0 0 rg BT 537.67 569.25 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (The proceeding will review such issues as the rapidly declining cost of solar generation, an increased interest ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (in community solar projects, ener) Tj ET Q q 0 0 0 rg BT 203.55 541.65 Td (gy storage options, and the decline in fossil fuel generation due to stringent ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td (regulations of EP) Tj ET Q q 0 0 0 rg BT 128.29 527.85 Td (A. ) Tj ET Q q 0 0 0 rg BT 145.02 527.85 Td (The proceeding will also examine the feasibility of increasing the standard to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 502.69 527.85 Td (30%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 523.77 527.85 Td ( of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td (retail sales by 2030, in contrast to the current standard of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 313.93 514.05 Td (15%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 335.01 514.05 Td ( of retail sales by 2025. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 448.07 514.05 Td (On January 30, 2018, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 500.85 Td (ACC Commissioner ) Tj ET Q q 0 0 0 rg BT 141.59 500.85 Td (T) Tj ET Q q 0 0 0 rg BT 147.54 500.85 Td (obin proposed a new standard in this proceeding which would broaden the RES to include a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 487.65 Td (series of ener) Tj ET Q q 0 0 0 rg BT 107.94 487.65 Td (gy reform policies tied to clean ener) Tj ET Q q 0 0 0 rg BT 266.56 487.65 Td (gy sources. ) Tj ET Q q 0 0 0 rg BT 318.60 487.65 Td (The proposal would rename the RES to the Clean ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 473.85 Td (Resource Ener) Tj ET Q q 0 0 0 rg BT 113.74 473.85 Td (gy Standard and ) Tj ET Q q 0 0 0 rg BT 187.78 473.85 Td (T) Tj ET Q q 0 0 0 rg BT 193.73 473.85 Td (arif) Tj ET Q q 0 0 0 rg BT 208.80 473.85 Td (f \("CREST"\). ) Tj ET Q q 0 0 0 rg BT 273.39 473.85 Td (APS cannot predict the outcome of this proceeding.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.67 473.85 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 446.25 Td (Demand Side Management ) Tj ET Q q 0 0 0 rg BT 217.01 446.25 Td (Adjustor Charge) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 295.94 446.25 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 304.57 446.25 Td (The ) Tj ET Q q 0 0 0 rg BT 324.69 446.25 Td (ACC Electric Ener) Tj ET Q q 0 0 0 rg BT 411.34 446.25 Td (gy Ef) Tj ET Q q 0 0 0 rg BT 436.36 446.25 Td (ficiency Standards require ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 432.45 Td (APS to submit a Demand Side Management Implementation Plan \("DSM Plan"\) annually for review by and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 418.65 Td (approval of the ) Tj ET Q q 0 0 0 rg BT 121.35 418.65 Td (ACC. On March 20, 2015, ) Tj ET Q q 0 0 0 rg BT 248.81 418.65 Td (APS filed an application with the ) Tj ET Q q 0 0 0 rg BT 404.04 418.65 Td (ACC requesting a budget of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 535.95 418.65 Td ($68.9 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 404.85 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 404.85 Td ( for 2015 and minor modifications to its DSM portfolio going forward, including for the first time ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 535.64 404.85 Td (three) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.63 404.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 391.05 Td (resource savings projects which reflect ener) Tj ET Q q 0 0 0 rg BT 250.78 391.05 Td (gy savings on ) Tj ET Q q 0 0 0 rg BT 316.27 391.05 Td (APS's system. ) Tj ET Q q 0 0 0 rg BT 387.15 391.05 Td (The ) Tj ET Q q 0 0 0 rg BT 407.27 391.05 Td (ACC approved ) Tj ET Q q 0 0 0 rg BT 478.82 391.05 Td (APS) Tj ET Q q 0 0 0 rg BT 503.12 391.05 Td (s 2015 DSM ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (budget on November 25, 2015. In its decision, the ) Tj ET Q q 0 0 0 rg BT 284.90 377.25 Td (ACC also ruled that verified ener) Tj ET Q q 0 0 0 rg BT 437.66 377.25 Td (gy savings from ) Tj ET Q q 0 0 0 rg BT 514.01 377.25 Td (APS's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 363.45 Td (resource savings projects could be counted toward compliance with the Electric Ener) Tj ET Q q 0 0 0 rg BT 440.48 363.45 Td (gy Ef) Tj ET Q q 0 0 0 rg BT 465.50 363.45 Td (ficiency Standards; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 349.65 Td (however) Tj ET Q q 0 0 0 rg BT 88.63 349.65 Td (, the ) Tj ET Q q 0 0 0 rg BT 110.67 349.65 Td (ACC ruled that ) Tj ET Q q 0 0 0 rg BT 183.19 349.65 Td (APS was not allowed to count savings from systems savings projects toward ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 335.85 Td (determination of the achievement of performance incentives, nor may ) Tj ET Q q 0 0 0 rg BT 372.66 335.85 Td (APS include savings from conservation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 322.05 Td (voltage reduction in the calculation of its LFCR mechanism.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 294.45 Td (On June 1, 2016, ) Tj ET Q q 0 0 0 rg BT 166.00 294.45 Td (APS filed its 2017 DSM Plan, in which ) Tj ET Q q 0 0 0 rg BT 349.70 294.45 Td (APS proposed programs and measures that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 280.65 Td (specifically focus on reducing peak demand, shifting load to of) Tj ET Q q 0 0 0 rg BT 339.27 280.65 Td (f-peak periods and educating customers about ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 266.85 Td (strategies to manage their ener) Tj ET Q q 0 0 0 rg BT 189.79 266.85 Td (gy and demand. ) Tj ET Q q 0 0 0 rg BT 268.47 266.85 Td (The requested budget in the 2017 DSM Plan is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 486.62 266.85 Td ($62.6 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 548.60 266.85 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 253.05 Td (On January 27, 2017, ) Tj ET Q q 0 0 0 rg BT 150.44 253.05 Td (APS filed an updated and modified 2017 DSM Plan that incorporated the proposed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 239.25 Td (Residential Demand Response, Ener) Tj ET Q q 0 0 0 rg BT 217.28 239.25 Td (gy Storage and Load Management Program and requested that the budget ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 225.45 Td (be increased to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.34 225.45 Td ($66.6 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 183.32 225.45 Td (. On ) Tj ET Q q 0 0 0 rg BT 208.24 225.45 Td (August 15, 2017, the ) Tj ET Q q 0 0 0 rg BT 306.63 225.45 Td (ACC approved the amended 2017 DSM Plan. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 197.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 197.85 Td (On September 1, 2017, ) Tj ET Q q 0 0 0 rg BT 194.10 197.85 Td (APS filed its 2018 DSM Plan, which proposes modifications to the demand ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 184.05 Td (side management portfolio to better meet system and customer needs by focusing on peak demand reductions, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 170.25 Td (storage, load shifting and demand response programs in addition to traditional ener) Tj ET Q q 0 0 0 rg BT 431.26 170.25 Td (gy savings measures. ) Tj ET Q q 0 0 0 rg BT 531.34 170.25 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 156.45 Td (2018 DSM Plan seeks a reduced requested budget of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 295.10 156.45 Td ($52.6 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 357.08 156.45 Td ( and requests a waiver of the Electric ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 142.65 Td (Ener) Tj ET Q q 0 0 0 rg BT 71.00 142.65 Td (gy Ef) Tj ET Q q 0 0 0 rg BT 96.02 142.65 Td (ficiency Standard for 2018. On November 14, 2017, ) Tj ET Q q 0 0 0 rg BT 344.18 142.65 Td (APS filed an amended 2018 DSM Plan, which ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 128.85 Td (revised the allocations between budget items to address customer participation levels, but kept the overall ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 115.05 Td (budget at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 94.85 115.05 Td ($52.6 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 156.83 115.05 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 101.25 Td ( ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 49.50 87.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 87.45 Td (Electric Energy Ef) Tj ET Q q 0 0 0 rg BT 174.09 87.45 Td (ficiency) Tj ET Q q 0 0 0 rg BT 210.70 87.45 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 219.32 87.45 Td (On June27, 2013, the ) Tj ET Q q 0 0 0 rg BT 322.50 87.45 Td (ACC voted to open a new docket investigating ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 73.65 Td (whether the Electric Ener) Tj ET Q q 0 0 0 rg BT 166.47 73.65 Td (gy Ef) Tj ET Q q 0 0 0 rg BT 191.49 73.65 Td (ficiency Standardsshould be modified. ) Tj ET Q q 0 0 0 rg BT 376.84 73.65 Td (The ) Tj ET Q q 0 0 0 rg BT 396.96 73.65 Td (ACC held a series of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 495.65 73.65 Td (three) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 518.64 73.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 59.85 Td (workshops in Marchand ) Tj ET Q q 0 0 0 rg BT 165.77 59.85 Td (April2014 to investigate methodologies used to determine cost ef) Tj ET Q q 0 0 0 rg BT 468.65 59.85 Td (fective ener) Tj ET Q q 0 0 0 rg BT 522.39 59.85 Td (gy ) Tj ET Q endstream endobj 241 0 obj <>] /Rotate 0 /Contents 242 0 R>> endobj 242 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.55 32.55 Td (1) Tj ET Q q 0 0 0 rg BT 302.87 32.55 Td (16) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (ef) Tj ET Q q 0 0 0 rg BT 58.23 721.05 Td (ficiency programs, cost recovery mechanisms, incentives, and potential changes to the Electric Ener) Tj ET Q q 0 0 0 rg BT 518.18 721.05 Td (gy ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 60.15 707.25 Td (ficiency and Resource Planning Rules. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 679.65 Td (On November 4, 2014, the ) Tj ET Q q 0 0 0 rg BT 210.38 679.65 Td (ACC staf) Tj ET Q q 0 0 0 rg BT 253.30 679.65 Td (f issued a request for informal comment on a draft of possible ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (amendments to ) Tj ET Q q 0 0 0 rg BT 121.69 665.85 Td (Arizona) Tj ET Q q 0 0 0 rg BT 161.92 665.85 Td (s Electric Ener) Tj ET Q q 0 0 0 rg BT 229.40 665.85 Td (gy Ef) Tj ET Q q 0 0 0 rg BT 254.42 665.85 Td (ficiency Standards. ) Tj ET Q q 0 0 0 rg BT 348.10 665.85 Td (The draft proposed substantial changes to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (rules and ener) Tj ET Q q 0 0 0 rg BT 113.79 652.05 Td (gy ef) Tj ET Q q 0 0 0 rg BT 136.89 652.05 Td (ficiency standards. ) Tj ET Q q 0 0 0 rg BT 228.65 652.05 Td (The ) Tj ET Q q 0 0 0 rg BT 248.77 652.05 Td (ACC accepted written comments and took public comment ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (regarding the possible amendments on December 19, 2014. On July 12, 2016, the ) Tj ET Q q 0 0 0 rg BT 429.57 638.25 Td (ACC Commissioners ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (ordered that ) Tj ET Q q 0 0 0 rg BT 106.98 624.45 Td (ACC staf) Tj ET Q q 0 0 0 rg BT 149.90 624.45 Td (f convene a workshop within ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 286.27 624.45 Td (120) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.52 624.45 Td ( days to discuss a number of issues related to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (Electric Ener) Tj ET Q q 0 0 0 rg BT 109.63 610.65 Td (gy Ef) Tj ET Q q 0 0 0 rg BT 134.65 610.65 Td (ficiency Standards, including the process of determining the cost ef) Tj ET Q q 0 0 0 rg BT 444.22 610.65 Td (fectiveness of DSM ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (programs and the treatment of peak demand and capacity reductions, among others. ) Tj ET Q q 0 0 0 rg BT 439.42 596.85 Td (ACC staf) Tj ET Q q 0 0 0 rg BT 482.34 596.85 Td (f convened the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (workshop on November 29, 2016 and sought public comment on potential revisions to the Electric Ener) Tj ET Q q 0 0 0 rg BT 527.73 583.05 Td (gy ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 60.15 569.25 Td (ficiency Standards. ) Tj ET Q q 0 0 0 rg BT 153.40 569.25 Td (APS cannot predict the outcome of this proceeding.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 555.45 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 541.65 Td (Power Supply ) Tj ET Q q 0 0 0 rg BT 153.44 541.65 Td (Adjustor Mechanism and Balance.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 321.18 541.65 Td ( ) Tj ET Q q 0 0 0 rg BT 323.85 541.65 Td (The PSA) Tj ET Q q 0 0 0 rg BT 365.07 541.65 Td ( provides for the adjustment of retail rates ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td (to reflect variations in retail fuel and purchased power costs. ) Tj ET Q q 0 0 0 rg BT 332.86 527.85 Td (The PSA) Tj ET Q q 0 0 0 rg BT 374.08 527.85 Td ( is subject to specified parameters and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td (procedures, including the following:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 486.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 486.45 Td (APS records deferrals for recovery or refund to the extent actual retail fuel and purchased ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 472.65 Td (power costs vary from the Base Fuel Rate;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 445.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 445.05 Td (An adjustment to the PSA) Tj ET Q q 0 0 0 rg BT 240.98 445.05 Td ( rate is made annually each February1\(unless otherwise approved by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.79 431.25 Td (ACC\) and goes into ef) Tj ET Q q 0 0 0 rg BT 241.07 431.25 Td (fect automatically unless suspended by the ) Tj ET Q q 0 0 0 rg BT 439.72 431.25 Td (ACC;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 403.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 403.65 Td (The PSA) Tj ET Q q 0 0 0 rg BT 162.72 403.65 Td ( uses a forward-looking estimate of fuel and purchased power costs to set the annual ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 389.85 Td (PSA) Tj ET Q q 0 0 0 rg BT 141.96 389.85 Td ( rate, which is reconciled to actual costs experienced for each PSA) Tj ET Q q 0 0 0 rg BT 447.24 389.85 Td ( ) Tj ET Q q 0 0 0 rg BT 449.69 389.85 Td (Y) Tj ET Q q 0 0 0 rg BT 456.85 389.85 Td (ear \(February1 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 376.05 Td (through January31\) \(see the following bullet point\);) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 348.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 348.45 Td (The PSA) Tj ET Q q 0 0 0 rg BT 162.72 348.45 Td ( rate includes \(a\)a Forward Component, under which ) Tj ET Q q 0 0 0 rg BT 421.39 348.45 Td (APS recovers or refunds ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 334.65 Td (dif) Tj ET Q q 0 0 0 rg BT 134.07 334.65 Td (ferences between expected fuel and purchased power costs for the upcoming calendar year ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 320.85 Td (and those embedded in the Base Fuel Rate; \(b\)a Historical Component, under which ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 307.05 Td (dif) Tj ET Q q 0 0 0 rg BT 134.07 307.05 Td (ferences between actual fuel and purchased power costs and those recovered or refunded ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 293.25 Td (through the combination of the Base Fuel Rate and the Forward Component are recovered ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 279.45 Td (during the next PSA) Tj ET Q q 0 0 0 rg BT 214.46 279.45 Td ( ) Tj ET Q q 0 0 0 rg BT 216.91 279.45 Td (Y) Tj ET Q q 0 0 0 rg BT 224.06 279.45 Td (ear; and \(c\)a T) Tj ET Q q 0 0 0 rg BT 299.00 279.45 Td (ransition Component, under which ) Tj ET Q q 0 0 0 rg BT 466.04 279.45 Td (APS may seek mid-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 265.65 Td (year PSA) Tj ET Q q 0 0 0 rg BT 164.63 265.65 Td ( changes due to lar) Tj ET Q q 0 0 0 rg BT 250.64 265.65 Td (ge variances between actual fuel and purchased power costs and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 251.85 Td (the combination of the Base Fuel Rate and the Forward Component; and) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 224.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 224.25 Td (The PSA) Tj ET Q q 0 0 0 rg BT 162.72 224.25 Td ( rate may not be increased or decreased more than $) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 401.56 224.25 Td (0.004) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 427.43 224.25 Td ( per kWh in a year without ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 210.45 Td (permission of the ) Tj ET Q q 0 0 0 rg BT 203.59 210.45 Td (ACC.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 182.85 Td (The following table shows the changes in the deferred fuel and purchased power regulatory asset ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.05 Td (\(liability\) for 2017 and 2016 \(dollars in thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 117.55 379.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 117.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 117.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 117.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 85.55 379.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 85.55 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 85.55 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 85.55 65.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 132.54999999999995 m 494 132.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 132.54999999999995 m 498 132.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 132.54999999999995 m 563 132.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 132.54999999999995 m 494 132.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 117.54999999999995 m 494 117.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 132.54999999999995 m 498 132.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 132.54999999999995 m 563 132.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 117.54999999999995 m 563 117.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 117.54999999999995 m 494 117.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 117.54999999999995 m 563 117.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 69.54999999999995 m 494 69.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 69.54999999999995 m 563 69.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 69.54999999999995 m 494 69.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 54.549999999999955 m 494 54.549999999999955 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 52.549999999999955 m 494 52.549999999999955 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 69.54999999999995 m 563 69.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 54.549999999999955 m 563 54.549999999999955 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 52.549999999999955 m 563 52.549999999999955 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.50 137.45 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 443.00 148.45 Td (T) Tj ET Q q 0 0 0 rg BT 449.52 148.45 Td (welveMonthsEnded) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 463.50 137.45 Td (December) Tj ET Q q 0 0 0 rg BT 510.94 137.45 Td (31,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.50 122.45 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 450.00 122.45 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 519.00 122.45 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 107.42 Td (Beginning balance) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 431.50 106.47 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 459.50 106.47 Td (12,465) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 500.50 106.47 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 530.35 106.47 Td (\(9,688) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 558.80 106.47 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 91.42 Td (Deferred fuel and purchased power costs current period) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 459.50 90.47 Td (48,405) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 528.50 90.47 Td (60,303) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 75.42 Td (Amounts refunded/\(char) Tj ET Q q 0 0 0 rg BT 160.23 75.42 Td (ged\) to customers) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 459.50 74.47 Td (14,767) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 524.85 74.47 Td (\(38,150) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 558.80 74.47 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 59.42 Td (Ending balance) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 431.50 58.47 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 459.50 58.47 Td (75,637) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 500.50 58.47 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 528.50 58.47 Td (12,465) Tj ET Q BT /F1 11.50 Tf ET endstream endobj 243 0 obj <>] /Rotate 0 /Contents 244 0 R>> endobj 244 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.55 32.55 Td (1) Tj ET Q q 0 0 0 rg BT 302.87 32.55 Td (17) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 707.25 Td (The PSA) Tj ET Q q 0 0 0 rg BT 126.72 707.25 Td ( rate for the PSA) Tj ET Q q 0 0 0 rg BT 203.37 707.25 Td ( year beginning February1, 2017 was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 380.31 707.25 Td ($\(0.001348\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 436.84 707.25 Td ( per kWh, as compared to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td ($0.001678) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 98.38 693.45 Td ( per kWh for the prior year) Tj ET Q q 0 0 0 rg BT 221.63 693.45 Td (. ) Tj ET Q q 0 0 0 rg BT 230.05 693.45 Td (This rate was comprised of a forward component of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.16 693.45 Td ($\(0.001027\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 527.69 693.45 Td ( per ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (kWh and a historical component of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 214.29 679.65 Td ($\(0.000321\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 270.82 679.65 Td ( per kWh. On ) Tj ET Q q 0 0 0 rg BT 338.53 679.65 Td (August 19, 2017, the PSA) Tj ET Q q 0 0 0 rg BT 458.02 679.65 Td ( rate was revised to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td ($0.000555) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 98.38 665.85 Td ( per kWh ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 144.04 665.85 Td (a) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 148.92 665.85 Td (s part of the 2017 Rate Case Decision. ) Tj ET Q q 0 0 0 rg BT 330.76 665.85 Td (This new rate was comprised of a forward ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (component of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 115.93 652.05 Td ($0.000876) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 164.80 652.05 Td ( per kWh and a historical component of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 350.03 652.05 Td ($\(0.000321\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 406.56 652.05 Td ( per kWh. On November 30, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 77.62 638.25 Td (APS submitted its calculation for the 2018 PSA) Tj ET Q q 0 0 0 rg BT 296.44 638.25 Td ( year beginning February 1, 2018. ) Tj ET Q q 0 0 0 rg BT 458.15 638.25 Td (The current PSA) Tj ET Q q 0 0 0 rg BT 534.81 638.25 Td ( rate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 60.05 624.45 Td ($.004555) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.17 624.45 Td ( per kWh consisting of a forward component of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 324.49 624.45 Td ($.002009) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 367.61 624.45 Td ( per kWh and a historical component of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td ($.002546) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 92.63 610.65 Td ( per kWh. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 596.85 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 583.05 Td (T) Tj ET Q q 0 0 0 rg BT 92.10 583.05 Td (ransmission Rates, T) Tj ET Q q 0 0 0 rg BT 191.05 583.05 Td (ransmission Cost ) Tj ET Q q 0 0 0 rg BT 274.99 583.05 Td (Adjustor and Other T) Tj ET Q q 0 0 0 rg BT 376.50 583.05 Td (ransmission Matters) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 473.32 583.05 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 479.07 583.05 Td ( In July2008, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (FERC approved an Open ) Tj ET Q q 0 0 0 rg BT 167.68 569.25 Td (Access ) Tj ET Q q 0 0 0 rg BT 202.92 569.25 Td (T) Tj ET Q q 0 0 0 rg BT 209.54 569.25 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 267.15 569.25 Td (T) Tj ET Q q 0 0 0 rg BT 273.37 569.25 Td (arif) Tj ET Q q 0 0 0 rg BT 289.13 569.25 Td (f for ) Tj ET Q q 0 0 0 rg BT 311.48 569.25 Td (APS to move from fixed rates to a formula rate-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (setting methodology in order to more accurately reflect and recover the costs that ) Tj ET Q q 0 0 0 rg BT 425.36 555.45 Td (APS incurs in providing ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (transmission services. ) Tj ET Q q 0 0 0 rg BT 155.55 541.65 Td (A) Tj ET Q q 0 0 0 rg BT 163.22 541.65 Td ( lar) Tj ET Q q 0 0 0 rg BT 178.01 541.65 Td (ge portion of the rate represents char) Tj ET Q q 0 0 0 rg BT 346.40 541.65 Td (ges for transmission services to serve ) Tj ET Q q 0 0 0 rg BT 520.15 541.65 Td (APS's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td (retail customers \("Retail ) Tj ET Q q 0 0 0 rg BT 164.16 527.85 Td (T) Tj ET Q q 0 0 0 rg BT 170.78 527.85 Td (ransmission Char) Tj ET Q q 0 0 0 rg BT 250.75 527.85 Td (ges"\). In order to recover the Retail ) Tj ET Q q 0 0 0 rg BT 419.05 527.85 Td (T) Tj ET Q q 0 0 0 rg BT 425.67 527.85 Td (ransmission Char) Tj ET Q q 0 0 0 rg BT 505.64 527.85 Td (ges, ) Tj ET Q q 0 0 0 rg BT 526.08 527.85 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td (was previously required to file an application with, and obtain approval from, the ) Tj ET Q q 0 0 0 rg BT 425.39 514.05 Td (ACC to reflect changes in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (Retail ) Tj ET Q q 0 0 0 rg BT 79.63 500.25 Td (T) Tj ET Q q 0 0 0 rg BT 86.25 500.25 Td (ransmission Char) Tj ET Q q 0 0 0 rg BT 166.22 500.25 Td (ges through the ) Tj ET Q q 0 0 0 rg BT 239.79 500.25 Td (TCA. Under the terms of the 2012 Settlement ) Tj ET Q q 0 0 0 rg BT 455.07 500.25 Td (Agreement, however) Tj ET Q q 0 0 0 rg BT 551.04 500.25 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td (an adjustment to rates to recover the Retail ) Tj ET Q q 0 0 0 rg BT 249.20 486.45 Td (T) Tj ET Q q 0 0 0 rg BT 255.82 486.45 Td (ransmission Char) Tj ET Q q 0 0 0 rg BT 335.79 486.45 Td (ges will be made annually each June1 and will ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.65 Td (go into ef) Tj ET Q q 0 0 0 rg BT 93.37 472.65 Td (fect automatically unless suspended by the ) Tj ET Q q 0 0 0 rg BT 292.02 472.65 Td (ACC.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 445.05 Td (The formula rate is updated each year ef) Tj ET Q q 0 0 0 rg BT 270.80 445.05 Td (fective June1 on the basis of ) Tj ET Q q 0 0 0 rg BT 406.53 445.05 Td (APS's actual cost of service, as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (disclosed in ) Tj ET Q q 0 0 0 rg BT 106.36 431.25 Td (APS's FERC Form1 report for the previous fiscal year) Tj ET Q q 0 0 0 rg BT 357.90 431.25 Td (. Items to be updated include actual capital ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.45 Td (expenditures made as compared with previous projections, transmission revenue credits and other items. ) Tj ET Q q 0 0 0 rg BT 535.37 417.45 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.65 Td (resolution of proposed adjustments can result in significant volatility in the revenues to be collected. ) Tj ET Q q 0 0 0 rg BT 516.11 403.65 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.85 Td (reviews the proposed formula rate filing amounts with the ) Tj ET Q q 0 0 0 rg BT 318.73 389.85 Td (ACC staf) Tj ET Q q 0 0 0 rg BT 361.65 389.85 Td (f. ) Tj ET Q q 0 0 0 rg BT 373.47 389.85 Td (Any items or adjustments which are not ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.05 Td (agreed to by ) Tj ET Q q 0 0 0 rg BT 108.58 376.05 Td (APS and the ) Tj ET Q q 0 0 0 rg BT 168.32 376.05 Td (ACC staf) Tj ET Q q 0 0 0 rg BT 211.24 376.05 Td (f can remain in dispute until settled or litigated at FERC. Settlement or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (litigated resolution of disputed issues could require an extended period of time and could have a significant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.45 Td (ef) Tj ET Q q 0 0 0 rg BT 58.23 348.45 Td (fect on the Retail ) Tj ET Q q 0 0 0 rg BT 139.77 348.45 Td (T) Tj ET Q q 0 0 0 rg BT 146.39 348.45 Td (ransmission Char) Tj ET Q q 0 0 0 rg BT 226.36 348.45 Td (ges because any adjustment, though applied prospectively) Tj ET Q q 0 0 0 rg BT 492.28 348.45 Td (, may be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.65 Td (calculated to account for previously over) Tj ET Q q 0 0 0 rg BT 237.35 334.65 Td (- or under) Tj ET Q q 0 0 0 rg BT 282.46 334.65 Td (-collected amounts.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 307.05 Td (Ef) Tj ET Q q 0 0 0 rg BT 96.15 307.05 Td (fective June1, 2016, ) Tj ET Q q 0 0 0 rg BT 193.88 307.05 Td (APS's annual wholesale transmission rates for all users of its transmission ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (system increased by approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 214.29 293.25 Td ($24.9 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 276.27 293.25 Td ( for the twelve-month period beginning June 1, 2016 in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.45 Td (accordance with the FERC-approved formula. ) Tj ET Q q 0 0 0 rg BT 266.98 279.45 Td (An adjustment to ) Tj ET Q q 0 0 0 rg BT 348.43 279.45 Td (APS) Tj ET Q q 0 0 0 rg BT 372.73 279.45 Td (s retail rates to recover FERC approved ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.65 Td (transmission char) Tj ET Q q 0 0 0 rg BT 130.10 265.65 Td (ges went into ef) Tj ET Q q 0 0 0 rg BT 203.03 265.65 Td (fect automatically on June1, 2016. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.45 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 237.45 Td (Ef) Tj ET Q q 0 0 0 rg BT 96.61 237.45 Td (fective June1, 2017, ) Tj ET Q q 0 0 0 rg BT 198.59 237.45 Td (APS's annual wholesale transmission rates for all users of its transmission ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 223.05 Td (system increased by approximately ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 221.45 223.05 Td ($35.1 million) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 286.12 223.05 Td ( for the twelve-month period beginning June 1, 2017 in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 208.65 Td (accordance with the FERC-approved formula. ) Tj ET Q q 0 0 0 rg BT 276.43 208.65 Td (An adjustment to ) Tj ET Q q 0 0 0 rg BT 361.42 208.65 Td (APS) Tj ET Q q 0 0 0 rg BT 386.77 208.65 Td (s retail rates to recover FERC ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 194.25 Td (approved transmission char) Tj ET Q q 0 0 0 rg BT 181.25 194.25 Td (ges went into ef) Tj ET Q q 0 0 0 rg BT 257.34 194.25 Td (fect automatically on June1, 2017.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 166.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 166.65 Td (On January 31, 2017, ) Tj ET Q q 0 0 0 rg BT 186.44 166.65 Td (APS made a filing to reduce the Post-Employment Benefits Other than Pension ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 152.85 Td (expense reflected in its FERC transmission formula rate calculation to recognize certain savings resulting from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 139.05 Td (plan design changes to the other postretirement benefit plans. ) Tj ET Q q 0 0 0 rg BT 336.61 139.05 Td (A) Tj ET Q q 0 0 0 rg BT 344.28 139.05 Td ( transmission customer intervened and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 125.25 Td (protested certain aspects of ) Tj ET Q q 0 0 0 rg BT 176.59 125.25 Td (APS) Tj ET Q q 0 0 0 rg BT 200.89 125.25 Td (s filing. FERC initiated a proceeding under Section 206 of the Federal Power ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 111.45 Td (Act to evaluate the justness and reasonableness of the revised formula rate filing ) Tj ET Q q 0 0 0 rg BT 421.54 111.45 Td (APS proposed. ) Tj ET Q q 0 0 0 rg BT 495.67 111.45 Td (APS entered ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 97.65 Td (into a settlement agreement with the intervening transmission customer) Tj ET Q q 0 0 0 rg BT 377.36 97.65 Td (, which was filed with FERC for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 83.85 Td (approval on September 26, 2017. FERC approved the settlement agreement without modification or condition ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 70.05 Td (on December 21, 2017. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 56.25 Td () Tj ET Q endstream endobj 245 0 obj <>] /Rotate 0 /Contents 246 0 R>> endobj 246 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.55 32.55 Td (1) Tj ET Q q 0 0 0 rg BT 302.87 32.55 Td (18) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 721.25 Td (Lost Fixed Cost Recovery Mechanism) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 265.02 721.25 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 273.64 721.25 Td (The LFCR mechanism permits ) Tj ET Q q 0 0 0 rg BT 418.02 721.25 Td (APS to recover on an after) Tj ET Q q 0 0 0 rg BT 540.10 721.25 Td (-the-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td (fact basis a portion of its fixed costs that would otherwise have been collected by ) Tj ET Q q 0 0 0 rg BT 424.75 707.45 Td (APS in the kWh sales lost ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.65 Td (due to ) Tj ET Q q 0 0 0 rg BT 80.17 693.65 Td (APS ener) Tj ET Q q 0 0 0 rg BT 123.72 693.65 Td (gy ef) Tj ET Q q 0 0 0 rg BT 146.82 693.65 Td (ficiency programs and to DG such as rooftop solar arrays. ) Tj ET Q q 0 0 0 rg BT 418.70 693.65 Td (The fixed costs recoverable by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (the LFCR mechanism were first established in the 2012 Settlement ) Tj ET Q q 0 0 0 rg BT 359.95 679.85 Td (Agreement and amount to approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (3.1 cent) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.90 666.05 Td (s per residential kWh lost and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 225.79 666.05 Td (2.3 cents) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 266.67 666.05 Td ( per non-residential kWh lost. ) Tj ET Q q 0 0 0 rg BT 409.22 666.05 Td (These amounts were revised in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 143.73 652.25 Td (Agreement to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 209.51 652.25 Td (2.5 cents) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 250.39 652.25 Td ( for both lost residential and non-residential kWh. ) Tj ET Q q 0 0 0 rg BT 485.24 652.25 Td (The LFCR ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.45 Td (adjustment has a year) Tj ET Q q 0 0 0 rg BT 148.58 638.45 Td (-over) Tj ET Q q 0 0 0 rg BT 172.62 638.45 Td (-year cap of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 230.40 638.45 Td (1%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 245.73 638.45 Td ( of retail revenues. ) Tj ET Q q 0 0 0 rg BT 336.42 638.45 Td (Any amounts left unrecovered in a particular ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (year because of this cap can be carried over for recovery in a future year) Tj ET Q q 0 0 0 rg BT 381.55 624.65 Td (. ) Tj ET Q q 0 0 0 rg BT 389.96 624.65 Td (The kWh) Tj ET Q q 0 0 0 rg BT 436.27 624.65 Td (s lost from ener) Tj ET Q q 0 0 0 rg BT 507.92 624.65 Td (gy ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.85 Td (ef) Tj ET Q q 0 0 0 rg BT 58.23 610.85 Td (ficiency are based on a third-party evaluation of ) Tj ET Q q 0 0 0 rg BT 281.11 610.85 Td (APS) Tj ET Q q 0 0 0 rg BT 305.40 610.85 Td (s ener) Tj ET Q q 0 0 0 rg BT 332.34 610.85 Td (gy ef) Tj ET Q q 0 0 0 rg BT 355.44 610.85 Td (ficiency programs. DG sales losses are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.05 Td (determined from the metered output from the DG units.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 583.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 569.45 Td (APS filed its 2016 annual LFCR adjustment on January 15, 2016, requesting an LFCR adjustment of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.65 Td ($46.4 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 111.48 555.65 Td ( \(a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.16 555.65 Td ($7.9 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 182.39 555.65 Td ( annual increase\). ) Tj ET Q q 0 0 0 rg BT 268.71 555.65 Td (The ) Tj ET Q q 0 0 0 rg BT 288.83 555.65 Td (ACC approved the 2016 annual LFCR ef) Tj ET Q q 0 0 0 rg BT 477.70 555.65 Td (fective beginning ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.85 Td (in May 2016. ) Tj ET Q q 0 0 0 rg BT 116.27 541.85 Td (APS filed its 2017 LFCR adjustment on January 13, 2017 requesting an LFCR adjustment of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 528.05 Td ($63.7 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 111.48 528.05 Td ( \(a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.16 528.05 Td ($17.3 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 188.14 528.05 Td ( per year increase over 2016 levels\). On ) Tj ET Q q 0 0 0 rg BT 376.54 528.05 Td (April 5, 2017, the ) Tj ET Q q 0 0 0 rg BT 460.23 528.05 Td (ACC approved the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (2017 annual LFCR adjustment as filed, ef) Tj ET Q q 0 0 0 rg BT 241.89 514.25 Td (fective with the first billing cycle of ) Tj ET Q q 0 0 0 rg BT 409.55 514.25 Td (April 2017. On February 15, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.45 Td (2018, ) Tj ET Q q 0 0 0 rg BT 77.62 500.45 Td (APS filed its LFCR ) Tj ET Q q 0 0 0 rg BT 170.28 500.45 Td (Adjustment, requesting that ef) Tj ET Q q 0 0 0 rg BT 309.32 500.45 Td (fective May 1, 2018, the LFCR be adjusted to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 523.00 500.45 Td ($60.7 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.65 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 486.65 Td ( \(a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 97.41 486.65 Td ($3 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 145.01 486.65 Td ( per year decrease over 2017 levels\). Because the LFCR mechanism has a balancing ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.85 Td (account that trues up any under or over recoveries, a one or two month delay in implementation does not have ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 459.05 Td (an adverse ef) Tj ET Q q 0 0 0 rg BT 109.95 459.05 Td (fect on ) Tj ET Q q 0 0 0 rg BT 143.80 459.05 Td (APS.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 432.05 Td ( ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 432.05 Td (T) Tj ET Q q 0 0 0 rg BT 91.47 432.05 Td (ax Expense ) Tj ET Q q 0 0 0 rg BT 148.54 432.05 Td (Adjustor Mechanism and FERC T) Tj ET Q q 0 0 0 rg BT 311.09 432.05 Td (ax Filing. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 363.49 432.05 Td (As part of the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 500.36 432.05 Td (Agreement, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 418.85 Td (the parties agreed to a rate adjustment mechanism to address potential federal income tax reform and enable the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 405.65 Td (pass-through of certain income tax ef) Tj ET Q q 0 0 0 rg BT 213.32 405.65 Td (fects to customers. On December 22, 2017 the ) Tj ET Q q 0 0 0 rg BT 419.62 405.65 Td (T) Tj ET Q q 0 0 0 rg BT 425.57 405.65 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 501.97 405.65 Td (Act \(T) Tj ET Q q 0 0 0 rg BT 535.10 405.65 Td (ax ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 392.45 Td (Act\) was enacted. ) Tj ET Q q 0 0 0 rg BT 138.17 392.45 Td (This legislation made significant changes to the federal income tax laws including a reduction ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 379.25 Td (in the corporate tax rate from 35% to 21% ef) Tj ET Q q 0 0 0 rg BT 246.31 379.25 Td (fective January 1, 2018.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 351.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 351.65 Td (On January 8, 2018, ) Tj ET Q q 0 0 0 rg BT 180.69 351.65 Td (APS filed an application with the ) Tj ET Q q 0 0 0 rg BT 335.92 351.65 Td (ACC requesting that the ) Tj ET Q q 0 0 0 rg BT 450.06 351.65 Td (TEAM be implemented ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 337.85 Td (in two steps. ) Tj ET Q q 0 0 0 rg BT 112.86 337.85 Td (The first addresses the change in the mar) Tj ET Q q 0 0 0 rg BT 300.74 337.85 Td (ginal federal tax rate from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 423.67 337.85 Td (35%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 444.75 337.85 Td ( to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 459.45 337.85 Td (21%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 480.52 337.85 Td ( resulting from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 324.05 Td (the ) Tj ET Q q 0 0 0 rg BT 66.22 324.05 Td (T) Tj ET Q q 0 0 0 rg BT 72.44 324.05 Td (ax ) Tj ET Q q 0 0 0 rg BT 85.53 324.05 Td (Act and, if approved, would reduce rates by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 289.91 324.05 Td ($1) Tj ET Q q 0 0 0 rg BT 300.98 324.05 Td (19.1 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 357.21 324.05 Td ( annually through an equal cents per kWh ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 310.25 Td (credit. ) Tj ET Q q 0 0 0 rg BT 83.67 310.25 Td (APS asked that this decrease become ef) Tj ET Q q 0 0 0 rg BT 266.13 310.25 Td (fective February 1, 2018. On February 22, 2018, the ) Tj ET Q q 0 0 0 rg BT 511.41 310.25 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 296.45 Td (approved the reduction of rates by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 209.81 296.45 Td ($1) Tj ET Q q 0 0 0 rg BT 220.88 296.45 Td (19.1 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 277.11 296.45 Td ( annually through an equal cents per kWh credit applied to all ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 282.65 Td (but a small subset of customers who are taking service under specially-approved tarif) Tj ET Q q 0 0 0 rg BT 441.45 282.65 Td (fs. ) Tj ET Q q 0 0 0 rg BT 455.30 282.65 Td (The rate reduction will ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 268.85 Td (be ef) Tj ET Q q 0 0 0 rg BT 71.96 268.85 Td (fective March 1, 2018. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 241.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 241.25 Td (The second step will address the amortization of excess deferred taxes previously collected from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 227.45 Td (customers. ) Tj ET Q q 0 0 0 rg BT 101.25 227.45 Td (APS is analyzing the final impact of the ) Tj ET Q q 0 0 0 rg BT 287.56 227.45 Td (T) Tj ET Q q 0 0 0 rg BT 293.78 227.45 Td (ax ) Tj ET Q q 0 0 0 rg BT 306.88 227.45 Td (Act provisions related to deferred taxes and intends to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 213.65 Td (make a second ) Tj ET Q q 0 0 0 rg BT 119.86 213.65 Td (TEAM filing later in 2018.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 199.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 186.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 186.05 Td (The ) Tj ET Q q 0 0 0 rg BT 106.05 186.05 Td (TEAM expressly applies to ) Tj ET Q q 0 0 0 rg BT 234.45 186.05 Td (APS's retail rates with the exception noted above. ) Tj ET Q q 0 0 0 rg BT 468.18 186.05 Td (The Company ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 172.25 Td (expects to make a filing with FERC in the first quarter of 2018 seeking authorization to provide for the cost ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 158.45 Td (reductions resulting from the income tax changes in its wholesale transmission rates.) Tj ET Q endstream endobj 247 0 obj <>] /Rotate 0 /Contents 248 0 R>> endobj 248 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.55 32.55 Td (1) Tj ET Q q 0 0 0 rg BT 302.87 32.55 Td (19) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (Net Metering) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 693.65 Td (In 2015, the ) Tj ET Q q 0 0 0 rg BT 143.00 693.65 Td (ACC voted to conduct a generic evidentiary hearing on the value and cost of DG to gather ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (information that will inform the ) Tj ET Q q 0 0 0 rg BT 198.02 679.85 Td (ACC on net metering issues and cost of service studies in upcoming utility rate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (cases. ) Tj ET Q q 0 0 0 rg BT 81.76 666.05 Td (A) Tj ET Q q 0 0 0 rg BT 89.43 666.05 Td ( hearing was held in ) Tj ET Q q 0 0 0 rg BT 184.28 666.05 Td (April 2016. On October 7, 2016, the ) Tj ET Q q 0 0 0 rg BT 356.44 666.05 Td (Administrative Law Judge issued a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (recommendation in the docket concerning the value and cost of DG solar installations. On December 20, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.45 Td (2016, the ) Tj ET Q q 0 0 0 rg BT 94.54 638.45 Td (ACC completed its open meeting to consider the recommended opinion and order by the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (Administrative Law Judge. ) Tj ET Q q 0 0 0 rg BT 179.50 624.65 Td (After making several amendments, the ) Tj ET Q q 0 0 0 rg BT 359.61 624.65 Td (ACC approved the recommended opinion ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.85 Td (and order by a 4-1 vote. ) Tj ET Q q 0 0 0 rg BT 164.47 610.85 Td (As a result of the ) Tj ET Q q 0 0 0 rg BT 245.27 610.85 Td (ACC) Tj ET Q q 0 0 0 rg BT 272.11 610.85 Td (s action, ef) Tj ET Q q 0 0 0 rg BT 322.04 610.85 Td (fective as of ) Tj ET Q q 0 0 0 rg BT 380.48 610.85 Td (APS) Tj ET Q q 0 0 0 rg BT 404.77 610.85 Td (s 2017 Rate Case Decision, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.05 Td (current net metering tarif) Tj ET Q q 0 0 0 rg BT 164.56 597.05 Td (f that governs payments for ener) Tj ET Q q 0 0 0 rg BT 313.48 597.05 Td (gy exported to the grid from rooftop solar systems ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.25 Td (was replaced by a more formula-driven approach that utilizes inputs from historical wholesale solar power ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.45 Td (costs and eventually an avoided cost methodology) Tj ET Q q 0 0 0 rg BT 279.98 569.45 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 541.85 Td (As amended, the decision provides that payments by utilities for ener) Tj ET Q q 0 0 0 rg BT 403.71 541.85 Td (gy exported to the grid from DG ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 528.05 Td (solar facilities will be determined using a RCP) Tj ET Q q 0 0 0 rg BT 263.39 528.05 Td ( methodology) Tj ET Q q 0 0 0 rg BT 326.20 528.05 Td (, a method that is based on the price that ) Tj ET Q q 0 0 0 rg BT 513.67 528.05 Td (APS pays ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (for utility-scale solar projects on a five year rolling average, while a forecasted avoided cost methodology is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.45 Td (being developed. ) Tj ET Q q 0 0 0 rg BT 133.60 500.45 Td (The price established by this RCP) Tj ET Q q 0 0 0 rg BT 289.37 500.45 Td ( method will be updated annually \(between general retail ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.65 Td (rate cases\) but will not be decreased by more than ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 281.97 486.65 Td (10%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.05 486.65 Td ( per year) Tj ET Q q 0 0 0 rg BT 342.64 486.65 Td (. Once the avoided cost methodology is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.85 Td (developed, the ) Tj ET Q q 0 0 0 rg BT 118.80 472.85 Td (ACC will determine in ) Tj ET Q q 0 0 0 rg BT 226.13 472.85 Td (APS's subsequent general retail rate cases which method \(or a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 459.05 Td (combination of methods\) is appropriate to determine the actual price to be paid by ) Tj ET Q q 0 0 0 rg BT 429.53 459.05 Td (APS for exported distributed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.25 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 445.25 Td (gy) Tj ET Q q 0 0 0 rg BT 79.83 445.25 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.65 Td (In addition, the ) Tj ET Q q 0 0 0 rg BT 121.69 417.65 Td (ACC made the following determinations:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 390.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 390.05 Td (Customers who have interconnected a DG system or submitted an application for interconnection for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 376.25 Td (DG systems prior to ) Tj ET Q q 0 0 0 rg BT 180.70 376.25 Td (August 19, 2017, the date new rates were ef) Tj ET Q q 0 0 0 rg BT 382.32 376.25 Td (fective based on ) Tj ET Q q 0 0 0 rg BT 459.28 376.25 Td (APS's 2017 Rate Case ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 362.45 Td (Decision, will be grandfathered for a period of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 302.33 362.45 Td (20) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 313.83 362.45 Td ( years from the date the customer) Tj ET Q q 0 0 0 rg BT 467.53 362.45 Td () Tj ET Q q 0 0 0 rg BT 470.73 362.45 Td (s interconnection ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 348.65 Td (application was accepted by the utility;) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 321.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 321.05 Td (Customers with DG solar systems are to be considered a separate class of customers for ratemaking ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 307.25 Td (purposes; and) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 67.50 279.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 279.65 Td (Once an export price is set for ) Tj ET Q q 0 0 0 rg BT 226.33 279.65 Td (APS, no netting or banking of retail credits will be available for new DG ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 265.85 Td (customers, and the then-applicable export price will be guaranteed for new customers for a period of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 550.77 265.85 Td (10) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 562.27 265.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 252.05 Td (years. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 224.45 Td (This decision of the ) Tj ET Q q 0 0 0 rg BT 178.77 224.45 Td (ACC addresses policy determinations only) Tj ET Q q 0 0 0 rg BT 374.77 224.45 Td (. ) Tj ET Q q 0 0 0 rg BT 383.19 224.45 Td (The decision states that its principles ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.65 Td (will be applied in future general retail rate cases, and the policy determinations themselves may be subject to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.85 Td (future change, as are all ) Tj ET Q q 0 0 0 rg BT 161.25 196.85 Td (ACC policies. ) Tj ET Q q 0 0 0 rg BT 231.53 196.85 Td (A) Tj ET Q q 0 0 0 rg BT 239.20 196.85 Td ( first-year export ener) Tj ET Q q 0 0 0 rg BT 338.93 196.85 Td (gy price of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 391.62 196.85 Td (12.9 cents) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 438.25 196.85 Td ( per kWh is included in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 183.05 Td (the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 143.73 183.05 Td (Agreement and became ef) Tj ET Q q 0 0 0 rg BT 263.88 183.05 Td (fective on ) Tj ET Q q 0 0 0 rg BT 311.78 183.05 Td (August 19, 2017. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 155.45 Td (On January 23, 2017, ) Tj ET Q q 0 0 0 rg BT 186.86 155.45 Td (The ) Tj ET Q q 0 0 0 rg BT 206.98 155.45 Td (Alliance for Solar Choice\("T) Tj ET Q q 0 0 0 rg BT 342.32 155.45 Td (ASC"\) sought rehearing of the ) Tj ET Q q 0 0 0 rg BT 484.68 155.45 Td (ACC's decision ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.65 Td (regarding the value and cost of DG. ) Tj ET Q q 0 0 0 rg BT 216.63 141.65 Td (T) Tj ET Q q 0 0 0 rg BT 222.73 141.65 Td (ASC asserted that the ) Tj ET Q q 0 0 0 rg BT 324.31 141.65 Td (ACC improperly ignored the ) Tj ET Q q 0 0 0 rg BT 459.10 141.65 Td (Administrative ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.85 Td (Procedure ) Tj ET Q q 0 0 0 rg BT 98.36 127.85 Td (Act, failed to give adequate notice regarding the scope of the proceedings, and relied on information ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 114.05 Td (that was not submitted as evidence, among other alleged defects. ) Tj ET Q q 0 0 0 rg BT 350.12 114.05 Td (T) Tj ET Q q 0 0 0 rg BT 356.22 114.05 Td (ASC filed a Notice of ) Tj ET Q q 0 0 0 rg BT 458.75 114.05 Td (Appeal in the Court of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.25 Td (Appeals and filed a Complaint and Statutory ) Tj ET Q q 0 0 0 rg BT 256.79 100.25 Td (Appeal in the Maricopa County Superior Court on March 10, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.45 Td (2017. ) Tj ET Q q 0 0 0 rg BT 80.49 86.45 Td (As part of the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 223.58 86.45 Td (Agreement described above, ) Tj ET Q q 0 0 0 rg BT 357.49 86.45 Td (T) Tj ET Q q 0 0 0 rg BT 363.59 86.45 Td (ASC agreed to withdraw these appeals ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.65 Td (when the ) Tj ET Q q 0 0 0 rg BT 93.58 72.65 Td (ACC decision implementing the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 322.28 72.65 Td (Agreement is no longer subject to appellate review) Tj ET Q q 0 0 0 rg BT 555.61 72.65 Td (.) Tj ET Q endstream endobj 249 0 obj <>] /Rotate 0 /Contents 250 0 R>> endobj 250 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (120) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (System Benefits Charge) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 693.65 Td (The 2012 Settlement ) Tj ET Q q 0 0 0 rg BT 183.56 693.65 Td (Agreementprovided that once ) Tj ET Q q 0 0 0 rg BT 325.34 693.65 Td (APS achieved full funding of its decommissioning ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (obligation under the sale leaseback agreements covering Unit 2 of Palo ) Tj ET Q q 0 0 0 rg BT 379.18 679.85 Td (V) Tj ET Q q 0 0 0 rg BT 386.21 679.85 Td (erde, ) Tj ET Q q 0 0 0 rg BT 411.11 679.85 Td (APS was required to implement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (a reduced System Benefits char) Tj ET Q q 0 0 0 rg BT 194.27 666.05 Td (ge ef) Tj ET Q q 0 0 0 rg BT 216.73 666.05 Td (fective January 1, 2016. Beginning on January 1, 2016, ) Tj ET Q q 0 0 0 rg BT 476.07 666.05 Td (APS began ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (implementing a reduced System Benefits char) Tj ET Q q 0 0 0 rg BT 261.03 652.25 Td (ge. ) Tj ET Q q 0 0 0 rg BT 280.30 652.25 Td (The impact on ) Tj ET Q q 0 0 0 rg BT 348.96 652.25 Td (APS retail revenues from the new System ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.45 Td (Benefits char) Tj ET Q q 0 0 0 rg BT 110.28 638.45 Td (ge is an overall reduction of approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 311.15 638.45 Td ($14.6 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 373.13 638.45 Td ( per year with a corresponding reduction ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (in depreciation and amortization expense. ) Tj ET Q q 0 0 0 rg BT 246.96 624.65 Td (This adjustment is subsumed within the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 509.54 624.65 Td (Agreement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.85 Td (and its associated revenue requirement.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 583.25 Td (Subpoena fr) Tj ET Q q 0 0 0 rg BT 109.69 583.25 Td (om ) Tj ET Q q 0 0 0 rg BT 127.26 583.25 Td (Arizona Corporation Commissioner) Tj ET Q q 0 0 0 rg BT 304.65 583.25 Td ( Robert Burns) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 555.65 Td (On ) Tj ET Q q 0 0 0 rg BT 101.80 555.65 Td (August 25, 2016, Commissioner Burns, individually and not by action of the ) Tj ET Q q 0 0 0 rg BT 456.69 555.65 Td (ACC as a whole, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.85 Td (served subpoenas in ) Tj ET Q q 0 0 0 rg BT 144.36 541.85 Td (APS) Tj ET Q q 0 0 0 rg BT 168.65 541.85 Td (s then current retail rate proceeding on ) Tj ET Q q 0 0 0 rg BT 348.43 541.85 Td (APS and Pinnacle ) Tj ET Q q 0 0 0 rg BT 434.15 541.85 Td (W) Tj ET Q q 0 0 0 rg BT 444.08 541.85 Td (est for the production of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 528.05 Td (records and information relating to a range of expenditures from 201) Tj ET Q q 0 0 0 rg BT 365.22 528.05 Td (1 through 2016. ) Tj ET Q q 0 0 0 rg BT 441.04 528.05 Td (The subpoenas requested ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (information concerning marketing and advertising expenditures, charitable donations, lobbying expenses, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.45 Td (contributions to 501\(c\)\(3\) and \(c\)\(4\) nonprofits and political contributions. ) Tj ET Q q 0 0 0 rg BT 399.01 500.45 Td (The return date for the production ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.65 Td (of information was set as September 15, 2016. ) Tj ET Q q 0 0 0 rg BT 265.84 486.65 Td (The subpoenas also sought testimony from Company personnel ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.85 Td (having knowledge of the material, including the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 362.26 472.85 Td (ficer) Tj ET Q q 0 0 0 rg BT 382.69 472.85 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 445.25 Td (On September 9, 2016, ) Tj ET Q q 0 0 0 rg BT 194.10 445.25 Td (APS filed with the ) Tj ET Q q 0 0 0 rg BT 281.63 445.25 Td (ACC a motion to quash the subpoenas or) Tj ET Q q 0 0 0 rg BT 469.95 445.25 Td (, alternatively to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.45 Td (stay ) Tj ET Q q 0 0 0 rg BT 70.27 431.45 Td (APS's obligations to comply with the subpoenas and decline to decide ) Tj ET Q q 0 0 0 rg BT 394.62 431.45 Td (APS's motion pending court ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.65 Td (proceedings. Contemporaneously with the filing of this motion, ) Tj ET Q q 0 0 0 rg BT 344.00 417.65 Td (APS and Pinnacle ) Tj ET Q q 0 0 0 rg BT 429.72 417.65 Td (W) Tj ET Q q 0 0 0 rg BT 439.65 417.65 Td (est filed a complaint for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.85 Td (special action and declaratory judgment in the Superior Court of ) Tj ET Q q 0 0 0 rg BT 347.78 403.85 Td (Arizona for Maricopa County) Tj ET Q q 0 0 0 rg BT 484.04 403.85 Td (, seeking a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 390.05 Td (declaratory judgment that Commissioner Burns) Tj ET Q q 0 0 0 rg BT 270.94 390.05 Td ( subpoenas are contrary to law) Tj ET Q q 0 0 0 rg BT 410.38 390.05 Td (. On September 15, 2016, ) Tj ET Q q 0 0 0 rg BT 533.36 390.05 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.25 Td (produced all non-confidential and responsive documents and of) Tj ET Q q 0 0 0 rg BT 341.50 376.25 Td (fered to produce any remaining responsive ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.45 Td (documents that are confidential after an appropriate confidentiality agreement is signed. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 334.85 Td (On February 7, 2017, Commissioner Burns opened a new ) Tj ET Q q 0 0 0 rg BT 352.85 334.85 Td (ACC docket and indicated that its purpose is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 321.05 Td (to study and rectify problems with transparency and disclosure regarding financial contributions from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.25 Td (regulated monopolies or other stakeholders who may appear before the ) Tj ET Q q 0 0 0 rg BT 378.43 307.25 Td (ACC that may directly or indirectly ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.45 Td (benefit an ) Tj ET Q q 0 0 0 rg BT 97.40 293.45 Td (ACC Commissioner) Tj ET Q q 0 0 0 rg BT 190.55 293.45 Td (, a candidate for ) Tj ET Q q 0 0 0 rg BT 266.86 293.45 Td (ACC Commissioner) Tj ET Q q 0 0 0 rg BT 360.01 293.45 Td (, or key ) Tj ET Q q 0 0 0 rg BT 397.06 293.45 Td (ACC staf) Tj ET Q q 0 0 0 rg BT 439.98 293.45 Td (f. ) Tj ET Q q 0 0 0 rg BT 451.80 293.45 Td (As part of this docket, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.65 Td (Commissioner Burns set March 24, 2017 as a deadline for the production of all information previously ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.85 Td (requested through the subpoenas. Neither ) Tj ET Q q 0 0 0 rg BT 242.40 265.85 Td (APS nor Pinnacle ) Tj ET Q q 0 0 0 rg BT 326.84 265.85 Td (W) Tj ET Q q 0 0 0 rg BT 336.78 265.85 Td (est produced the information requested and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 252.05 Td (instead objected to the subpoena. On March 10, 2017, Commissioner Burns filed suit against ) Tj ET Q q 0 0 0 rg BT 481.97 252.05 Td (APS and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.25 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.77 238.25 Td (W) Tj ET Q q 0 0 0 rg BT 101.70 238.25 Td (est in the Superior Court of ) Tj ET Q q 0 0 0 rg BT 229.47 238.25 Td (Arizona for Maricopa County in an ef) Tj ET Q q 0 0 0 rg BT 403.62 238.25 Td (fort to enforce his subpoenas. On ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.45 Td (March 30, 2017, ) Tj ET Q q 0 0 0 rg BT 127.75 224.45 Td (APS filed a motion to dismiss Commissioner Burns' suit against ) Tj ET Q q 0 0 0 rg BT 425.02 224.45 Td (APS and Pinnacle ) Tj ET Q q 0 0 0 rg BT 510.74 224.45 Td (W) Tj ET Q q 0 0 0 rg BT 520.67 224.45 Td (est. In ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.65 Td (response to the motion to dismiss, the court stayed the suit and ordered Commissioner Burns to file a motion to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.85 Td (compel the production of the information sought by the subpoenas with the ) Tj ET Q q 0 0 0 rg BT 397.64 196.85 Td (ACC. On June 20, 2017, the ) Tj ET Q q 0 0 0 rg BT 533.09 196.85 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 183.05 Td (denied the motion to compel. On ) Tj ET Q q 0 0 0 rg BT 208.88 183.05 Td (August 4, 2017, Commissioner Burns amended his complaint to add all of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.79 169.25 Td (ACC Commissioners and the ) Tj ET Q q 0 0 0 rg BT 202.52 169.25 Td (ACC itself as defendants. ) Tj ET Q q 0 0 0 rg BT 325.17 169.25 Td (All defendants moved to dismiss the complaint. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.45 Td (On February 15, 2018, the Superior Court dismissed Commissioner Burns) Tj ET Q q 0 0 0 rg BT 393.95 155.45 Td ( complaint. ) Tj ET Q q 0 0 0 rg BT 448.36 155.45 Td (The matter is subject to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.65 Td (appeal. ) Tj ET Q q 0 0 0 rg BT 84.62 141.65 Td (APS and Pinnacle ) Tj ET Q q 0 0 0 rg BT 170.34 141.65 Td (W) Tj ET Q q 0 0 0 rg BT 180.28 141.65 Td (est cannot predict the outcome of this matter) Tj ET Q q 0 0 0 rg BT 384.35 141.65 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 114.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 114.05 Td (In addition to the Superior Court proceedings discussed above, on ) Tj ET Q q 0 0 0 rg BT 391.16 114.05 Td (August 20, 2017, Commissioner ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.25 Td (Burns filed a special action petition in the ) Tj ET Q q 0 0 0 rg BT 243.68 100.25 Td (Arizona Supreme Court seeking to vacate the 2017 Rate Case ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.45 Td (Decision so that alleged issues of disqualification and bias on the part of the other Commissioners could be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.65 Td (fully investigated. ) Tj ET Q q 0 0 0 rg BT 137.66 72.65 Td (APS opposed the petition, and on October 17, 2017, the ) Tj ET Q q 0 0 0 rg BT 396.70 72.65 Td (Arizona Supreme Court declined to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.85 Td (accept jurisdiction over Commissioner Burns) Tj ET Q q 0 0 0 rg BT 260.72 58.85 Td ( special action petition.) Tj ET Q endstream endobj 251 0 obj <>] /Rotate 0 /Contents 252 0 R>> endobj 252 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (121) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td (Renewable Energy Ballot Initiative) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 683.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 683.65 Td (On February 20, 2018, a coalition of renewable ener) Tj ET Q q 0 0 0 rg BT 326.07 683.65 Td (gy advocates filed with the ) Tj ET Q q 0 0 0 rg BT 452.22 683.65 Td (Arizona Secretary of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 669.85 Td (State a ballot initiative for an ) Tj ET Q q 0 0 0 rg BT 185.55 669.85 Td (Arizona constitutional amendment requiring ) Tj ET Q q 0 0 0 rg BT 391.87 669.85 Td (Arizona public service corporations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 656.05 Td (to procure ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.31 656.05 Td (50%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 120.39 656.05 Td ( of their ener) Tj ET Q q 0 0 0 rg BT 179.25 656.05 Td (gy supply from renewable sources by 2030. For purposes of the proposed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 642.25 Td (amendment, eligible renewable sources would not include nuclear generating facilities. ) Tj ET Q q 0 0 0 rg BT 455.81 642.25 Td (The stated goal of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 628.45 Td (Clean Ener) Tj ET Q q 0 0 0 rg BT 100.70 628.45 Td (gy for a Healthy ) Tj ET Q q 0 0 0 rg BT 177.99 628.45 Td (Arizona coalition is to complete the necessary steps to allow the initiative to be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 614.65 Td (placed on the November 2018 ) Tj ET Q q 0 0 0 rg BT 190.34 614.65 Td (Arizona elections ballot. ) Tj ET Q q 0 0 0 rg BT 305.74 614.65 Td (The coalition must present over 225,000 verifiable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 600.85 Td (signatures to the Secretary of State by July 5, 2018 to meet that goal. ) Tj ET Q q 0 0 0 rg BT 368.25 600.85 Td (APS intends to oppose this ef) Tj ET Q q 0 0 0 rg BT 503.81 600.85 Td (fort. ) Tj ET Q q 0 0 0 rg BT 528.83 600.85 Td (W) Tj ET Q q 0 0 0 rg BT 538.76 600.85 Td (e ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 587.05 Td (believe the initiative is irresponsible and would result in negative impacts to ) Tj ET Q q 0 0 0 rg BT 402.10 587.05 Td (Arizona utility customers, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 573.25 Td (Arizona economy and our company) Tj ET Q q 0 0 0 rg BT 213.54 573.25 Td (. ) Tj ET Q q 0 0 0 rg BT 224.83 573.25 Td (W) Tj ET Q q 0 0 0 rg BT 234.76 573.25 Td (e cannot predict the outcome of this matter) Tj ET Q q 0 0 0 rg BT 431.16 573.25 Td (.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 549.45 Td (Clean Resour) Tj ET Q q 0 0 0 rg BT 116.05 549.45 Td (ce Energy Standard and ) Tj ET Q q 0 0 0 rg BT 237.89 549.45 Td (T) Tj ET Q q 0 0 0 rg BT 244.51 549.45 Td (ariff ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 521.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 521.85 Td (On January 30, 2018, ) Tj ET Q q 0 0 0 rg BT 186.44 521.85 Td (ACC Commissioner ) Tj ET Q q 0 0 0 rg BT 282.71 521.85 Td (T) Tj ET Q q 0 0 0 rg BT 288.93 521.85 Td (obin proposed the CREST) Tj ET Q q 0 0 0 rg BT 409.15 521.85 Td (, which consists of a series of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 508.05 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 508.05 Td (gy reform policies tied to clean ener) Tj ET Q q 0 0 0 rg BT 234.92 508.05 Td (gy sources such as ener) Tj ET Q q 0 0 0 rg BT 342.65 508.05 Td (gy storage, biomass, ener) Tj ET Q q 0 0 0 rg BT 459.01 508.05 Td (gy ef) Tj ET Q q 0 0 0 rg BT 482.11 508.05 Td (ficiency) Tj ET Q q 0 0 0 rg BT 518.40 508.05 Td (, electric ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 494.25 Td (vehicles, and expanded ener) Tj ET Q q 0 0 0 rg BT 178.93 494.25 Td (gy planning through the Integrated Resource Plan process. ) Tj ET Q q 0 0 0 rg BT 453.38 494.25 Td (The ) Tj ET Q q 0 0 0 rg BT 473.50 494.25 Td (ACC has not yet ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 480.45 Td (initiated any formal proceedings with respect to Commissioner ) Tj ET Q q 0 0 0 rg BT 341.84 480.45 Td (T) Tj ET Q q 0 0 0 rg BT 348.06 480.45 Td (obin) Tj ET Q q 0 0 0 rg BT 371.71 480.45 Td (s proposal; however) Tj ET Q q 0 0 0 rg BT 463.86 480.45 Td (, on February 22, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 466.65 Td (2018, the ) Tj ET Q q 0 0 0 rg BT 94.54 466.65 Td (ACC Staf) Tj ET Q q 0 0 0 rg BT 139.38 466.65 Td (f filed a Notice of Inquiry to further examine the matter) Tj ET Q q 0 0 0 rg BT 394.21 466.65 Td (. ) Tj ET Q q 0 0 0 rg BT 402.20 466.65 Td (APS cannot predict the outcome ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 452.85 Td (of this matter) Tj ET Q q 0 0 0 rg BT 110.19 452.85 Td (.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (Four) Tj ET Q q 0 0 0 rg BT 73.57 425.25 Td ( Corners) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 411.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 397.65 Td ( ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 397.65 Td (SCE-Related Matters) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 186.13 397.65 Td (. On December30, 2013, ) Tj ET Q q 0 0 0 rg BT 310.05 397.65 Td (APS purchased SCE) Tj ET Q q 0 0 0 rg BT 407.80 397.65 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 415.16 397.65 Td (48%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 436.23 397.65 Td ( ownership interest in each ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 383.85 Td (of Units 4 and 5 of Four Corners. ) Tj ET Q q 0 0 0 rg BT 208.36 383.85 Td (The 2012 Settlement ) Tj ET Q q 0 0 0 rg BT 306.42 383.85 Td (Agreement includes a procedure to allow ) Tj ET Q q 0 0 0 rg BT 498.02 383.85 Td (APS to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 370.05 Td (request rate adjustments prior to its next general retail rate case related to ) Tj ET Q q 0 0 0 rg BT 388.31 370.05 Td (APS) Tj ET Q q 0 0 0 rg BT 412.60 370.05 Td (s acquisition of the additional ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (interests in Units 4 and 5 and the related closure of Units 1-3 of Four Corners. ) Tj ET Q q 0 0 0 rg BT 413.61 356.25 Td (APS made its filing under this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 342.45 Td (provision on December30, 2013. On December 23, 2014, the ) Tj ET Q q 0 0 0 rg BT 338.54 342.45 Td (ACC approved rate adjustments resulting in a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 328.65 Td (revenue increase of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 141.77 328.65 Td ($57.1 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 203.74 328.65 Td ( on an annual basis. ) Tj ET Q q 0 0 0 rg BT 299.67 328.65 Td (This included the deferral for future recovery of all non-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 314.85 Td (fuel operating costs for the acquired SCE interest in Four Corners, net of the non-fuel operating costs savings ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 301.05 Td (resulting from the closure of Units 1-3 from the date of closing of the purchase through its inclusion in rates. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 287.25 Td (The 2012 Settlement ) Tj ET Q q 0 0 0 rg BT 147.56 287.25 Td (Agreement also provided for deferral for future recovery of all unrecovered costs incurred ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 273.45 Td (in connection with the closure of Units 1-3. ) Tj ET Q q 0 0 0 rg BT 254.98 273.45 Td (The deferral balance related to the acquisition of SCE) Tj ET Q q 0 0 0 rg BT 505.33 273.45 Td (s interest in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 259.65 Td (Units 4 and 5 and the closure of Units 1-3 was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 265.73 259.65 Td ($56 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 319.08 259.65 Td ( as of December 31, 2017 and is being amortized in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 245.85 Td (rates over a total of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 144.02 245.85 Td (10) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 155.52 245.85 Td ( years. ) Tj ET Q q 0 0 0 rg BT 188.20 245.85 Td (The ) Tj ET Q q 0 0 0 rg BT 208.32 245.85 Td (ACC's rate adjustment decision was appealed and on September 26, 2017, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 232.05 Td (the Court of ) Tj ET Q q 0 0 0 rg BT 107.32 232.05 Td (Appeals af) Tj ET Q q 0 0 0 rg BT 156.60 232.05 Td (firmed the ) Tj ET Q q 0 0 0 rg BT 206.42 232.05 Td (ACC's decision on the Four Corners rate adjustment. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 218.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 204.45 Td (As part of ) Tj ET Q q 0 0 0 rg BT 133.73 204.45 Td (APS) Tj ET Q q 0 0 0 rg BT 158.02 204.45 Td (s acquisition of SCE) Tj ET Q q 0 0 0 rg BT 255.46 204.45 Td (s interest in Units 4 and 5, ) Tj ET Q q 0 0 0 rg BT 378.12 204.45 Td (APS and SCE agreed, via a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 190.65 Td ("T) Tj ET Q q 0 0 0 rg BT 60.81 190.65 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 118.43 190.65 Td (T) Tj ET Q q 0 0 0 rg BT 124.65 190.65 Td (ermination ) Tj ET Q q 0 0 0 rg BT 176.71 190.65 Td (Agreement" that, upon closing of the acquisition, the companies would terminate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 176.85 Td (an existing transmission agreement \("T) Tj ET Q q 0 0 0 rg BT 229.45 176.85 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 286.63 176.85 Td (Agreement"\) between the parties that provides transmission ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 163.05 Td (capacity on a system \(the "Arizona ) Tj ET Q q 0 0 0 rg BT 213.01 163.05 Td (T) Tj ET Q q 0 0 0 rg BT 219.64 163.05 Td (ransmission System"\) for SCE to transmit its portion of the output from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 149.25 Td (Four Corners to California. ) Tj ET Q q 0 0 0 rg BT 179.82 149.25 Td (APS previously submitted a request to FERC related to this termination, which ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 135.45 Td (resulted in a FERC order denying rate recovery of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 282.94 135.45 Td ($40 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 336.29 135.45 Td ( that ) Tj ET Q q 0 0 0 rg BT 358.65 135.45 Td (APS agreed to pay SCE associated with the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 121.65 Td (termination. On December 22, 2015, ) Tj ET Q q 0 0 0 rg BT 223.56 121.65 Td (APS and SCE agreed to terminate the ) Tj ET Q q 0 0 0 rg BT 399.33 121.65 Td (T) Tj ET Q q 0 0 0 rg BT 405.95 121.65 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 463.57 121.65 Td (T) Tj ET Q q 0 0 0 rg BT 469.79 121.65 Td (ermination ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 107.85 Td (Agreement and allow for the ) Tj ET Q q 0 0 0 rg BT 184.37 107.85 Td (T) Tj ET Q q 0 0 0 rg BT 190.99 107.85 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 248.18 107.85 Td (Agreement to expire according to its terms, which includes settling ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 94.05 Td (obligations in accordance with the terms of the ) Tj ET Q q 0 0 0 rg BT 267.73 94.05 Td (T) Tj ET Q q 0 0 0 rg BT 274.35 94.05 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 331.54 94.05 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 390.62 94.05 Td (APS established a regulatory asset of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 80.25 Td ($12 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 102.85 80.25 Td ( in 2015 in connection with the payment required under the terms of the ) Tj ET Q q 0 0 0 rg BT 436.06 80.25 Td (T) Tj ET Q q 0 0 0 rg BT 442.68 80.25 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 499.87 80.25 Td (Agreement. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 66.45 Td (On July 1, 2016, FERC issued an order denying ) Tj ET Q q 0 0 0 rg BT 272.15 66.45 Td (APS) Tj ET Q q 0 0 0 rg BT 296.44 66.45 Td (s request to recover the regulatory asset through its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 52.65 Td (FERC-jurisdictional rates. ) Tj ET Q q 0 0 0 rg BT 175.35 52.65 Td (APS and SCE completed the termination of the ) Tj ET Q q 0 0 0 rg BT 395.53 52.65 Td (T) Tj ET Q q 0 0 0 rg BT 402.15 52.65 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 459.34 52.65 Td (Agreement on July 6, ) Tj ET Q endstream endobj 253 0 obj <>] /Rotate 0 /Contents 254 0 R>> endobj 254 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (122) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (2016. ) Tj ET Q q 0 0 0 rg BT 80.49 721.05 Td (APS made the required payment to SCE and wrote-of) Tj ET Q q 0 0 0 rg BT 327.48 721.05 Td (f the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 351.11 721.05 Td ($12 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 404.46 721.05 Td ( regulatory asset and char) Tj ET Q q 0 0 0 rg BT 521.76 721.05 Td (ged ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (operating revenues to reflect the ef) Tj ET Q q 0 0 0 rg BT 209.26 707.25 Td (fects of this order in the second quarter of 2016. On July 29, 2016, ) Tj ET Q q 0 0 0 rg BT 520.34 707.25 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (filed a request for rehearing with FERC. In its order denying recovery) Tj ET Q q 0 0 0 rg BT 373.53 693.45 Td (, FERC also referred to its enforcement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (division a question of whether the agreement between ) Tj ET Q q 0 0 0 rg BT 299.87 679.65 Td (APS and SCE relating to the settlement of obligations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (under the ) Tj ET Q q 0 0 0 rg BT 95.28 665.85 Td (T) Tj ET Q q 0 0 0 rg BT 101.90 665.85 Td (ransmission ) Tj ET Q q 0 0 0 rg BT 159.08 665.85 Td (Agreement was a jurisdictional contract that should have been filed with FERC. On ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (October 5, 2017, FERC issued an order denying ) Tj ET Q q 0 0 0 rg BT 273.09 652.05 Td (APS's request for rehearing. FERC also upheld its prior ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (determination that the agreement relating to the settlement was a jurisdictional contract and should have been ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (filed with FERC. ) Tj ET Q q 0 0 0 rg BT 133.52 624.45 Td (APS cannot predict whether or if the enforcement division will take any action. ) Tj ET Q q 0 0 0 rg BT 503.67 624.45 Td (APS filed an ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (appeal of FERC's July 1, 2016 and October 5, 2017 orders with the United States Court of ) Tj ET Q q 0 0 0 rg BT 466.48 610.65 Td (Appeals for the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (Ninth Circuit on December 4, 2017. ) Tj ET Q q 0 0 0 rg BT 220.80 596.85 Td (That proceeding is pending and ) Tj ET Q q 0 0 0 rg BT 368.03 596.85 Td (APS cannot predict the outcome of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (proceeding. ) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 555.45 Td (SCR Cost Recovery) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 177.50 555.45 Td (. On December 29, 2017, in accordance with the 2017 Rate Case Decision, ) Tj ET Q q 0 0 0 rg BT 526.87 555.45 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (filed a Notice of Intent to file its SCR Rate Rider to permit recovery of costs associated with the installation of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td (SCR equipment at Four Corners Units 4 and 5. ) Tj ET Q q 0 0 0 rg BT 270.23 527.85 Td (APS intends to file the SCR Rate Rider in ) Tj ET Q q 0 0 0 rg BT 465.42 527.85 Td (April 2018. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td (Consistent with the 2017 Rate Case Decision, the rate rider filing will be narrow in scope and will address only ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (costs associated with this specific environmental compliance equipment. ) Tj ET Q q 0 0 0 rg BT 388.67 500.25 Td (Also, as provided for in the 2017 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td (Rate Case Decision, ) Tj ET Q q 0 0 0 rg BT 144.68 486.45 Td (APS will request that the rate rider become ef) Tj ET Q q 0 0 0 rg BT 354.60 486.45 Td (fective no later than January 1, 2019. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 459.45 Td (Cholla) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 431.85 Td (On September 1) Tj ET Q q 0 0 0 rg BT 159.81 431.85 Td (1, 2014, ) Tj ET Q q 0 0 0 rg BT 199.42 431.85 Td (APS announced that it would close Unit 2 of Cholla and cease burning coal at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 418.05 Td (the other ) Tj ET Q q 0 0 0 rg BT 92.29 418.05 Td (APS-owned units \(Units 1 and 3\) at the plant by the mid-2020s, if EP) Tj ET Q q 0 0 0 rg BT 413.54 418.05 Td (A) Tj ET Q q 0 0 0 rg BT 421.21 418.05 Td ( approves a compromise ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (proposal of) Tj ET Q q 0 0 0 rg BT 101.35 404.25 Td (fered by ) Tj ET Q q 0 0 0 rg BT 141.59 404.25 Td (APS to meet required environmental and emissions standards and rules. On ) Tj ET Q q 0 0 0 rg BT 493.88 404.25 Td (April 14, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 390.45 Td (2015, the ) Tj ET Q q 0 0 0 rg BT 94.54 390.45 Td (ACC approved ) Tj ET Q q 0 0 0 rg BT 166.09 390.45 Td (APS's plan to retire Unit 2, without expressing any view on the future recoverability ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.65 Td (of ) Tj ET Q q 0 0 0 rg BT 61.32 376.65 Td (APS's remaining investment in the Unit. ) Tj ET Q q 0 0 0 rg BT 251.86 376.65 Td (APS closed Unit 2 on October 1, 2015. In early 2017, EP) Tj ET Q q 0 0 0 rg BT 516.88 376.65 Td (A) Tj ET Q q 0 0 0 rg BT 524.55 376.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.85 Td (approved a final rule incorporating ) Tj ET Q q 0 0 0 rg BT 212.04 362.85 Td (APS's compromise proposal, which took ef) Tj ET Q q 0 0 0 rg BT 410.67 362.85 Td (fect on ) Tj ET Q q 0 0 0 rg BT 444.52 362.85 Td (April 26, 2017. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 335.25 Td (Previously) Tj ET Q q 0 0 0 rg BT 133.95 335.25 Td (, ) Tj ET Q q 0 0 0 rg BT 139.07 335.25 Td (APS estimated Cholla Unit 2) Tj ET Q q 0 0 0 rg BT 275.79 335.25 Td (s end of life to be 2033. ) Tj ET Q q 0 0 0 rg BT 389.81 335.25 Td (APS has been recovering a return on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 321.45 Td (and of the net book value of the unit in base rates. Pursuant to the 2017 Settlement ) Tj ET Q q 0 0 0 rg BT 433.72 321.45 Td (Agreement described ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.65 Td (above, ) Tj ET Q q 0 0 0 rg BT 82.07 307.65 Td (APS will be allowed continued recovery of the net book value of the unit and the unit) Tj ET Q q 0 0 0 rg BT 478.74 307.65 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.85 Td (decommissioning and other retirement-related costs \() Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 294.44 293.85 Td ($105 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 353.54 293.85 Td ( as of December 31, 2017\), in addition to a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 280.05 Td (return on its investment. In accordance with GAAP) Tj ET Q q 0 0 0 rg BT 287.43 280.05 Td (, in the third quarter of 2014, Unit 2) Tj ET Q q 0 0 0 rg BT 455.43 280.05 Td (s remaining net book ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 266.25 Td (value was reclassified from property) Tj ET Q q 0 0 0 rg BT 216.72 266.25 Td (, plant and equipment to a regulatory asset. ) Tj ET Q q 0 0 0 rg BT 419.95 266.25 Td (The 2017 Settlement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 252.45 Td (Agreement also shortened the depreciation lives of Cholla Units 1 and 3 to 2026. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 227.25 Td (Navajo Plant) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 201.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 201.45 Td (The co-owners of the Navajo Plant and the Navajo Nation agreed that the Navajo Plant will remain in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 187.65 Td (operation until December 2019 under the existing plant lease. ) Tj ET Q q 0 0 0 rg BT 338.31 187.65 Td (The co-owners and the Navajo Nation executed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 173.85 Td (a lease extension on November 29, 2017 that will allow for decommissioning activities to begin after the plant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 160.05 Td (ceases operations in December 2019. ) Tj ET Q q 0 0 0 rg BT 225.88 160.05 Td (V) Tj ET Q q 0 0 0 rg BT 232.92 160.05 Td (arious stakeholders including regulators, tribal representatives, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 146.25 Td (plant's coal supplier and the U.S. Department of the Interior have been meeting to determine if an alternate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 132.45 Td (solution can be reached that would permit continued operation of the plant beyond 2019. ) Tj ET Q q 0 0 0 rg BT 462.76 132.45 Td (Although we cannot ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 118.65 Td (predict whether any alternate plans will be found that would be acceptable to all of the stakeholders and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 104.85 Td (feasible to implement, we believe it is probable that the Navajo Plant will cease operations in December 2019. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 77.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 77.25 Td (On February 14, 2017, the ) Tj ET Q q 0 0 0 rg BT 209.11 77.25 Td (ACC opened a docket titled "ACC Investigation Concerning the Future of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 63.45 Td (the Navajo Generating Station" with the stated goal of engaging stakeholders and negotiating a sustainable ) Tj ET Q endstream endobj 255 0 obj <>] /Rotate 0 /Contents 256 0 R>> endobj 256 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (123) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (pathway for the Navajo Plant to continue operating in some form after December 2019. ) Tj ET Q q 0 0 0 rg BT 457.00 721.05 Td (APS cannot predict ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (the outcome of this proceeding.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 679.65 Td (APS is currently recovering depreciation and a return on the net book value of its interest in the Navajo ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (Plant over its previously estimated life through 2026. ) Tj ET Q q 0 0 0 rg BT 299.28 665.85 Td (APS will seek continued recovery in rates for the book ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (value of its remaining investment in the plant \() Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 264.76 652.05 Td ($99 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 318.11 652.05 Td ( as of December 31, 2017\) plus a return on the net ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (book value as well as other costs related to retirement and closure, which are still being assessed and may be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (material. ) Tj ET Q q 0 0 0 rg BT 95.17 624.45 Td (APS believes it will be allowed recovery of the net book value, in addition to a return on its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (investment. In accordance with GAAP) Tj ET Q q 0 0 0 rg BT 228.98 610.65 Td (, in the second quarter of 2017, ) Tj ET Q q 0 0 0 rg BT 374.30 610.65 Td (APS's remaining net book value of its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (interest in the Navajo Plant was reclassified from property) Tj ET Q q 0 0 0 rg BT 317.01 596.85 Td (, plant and equipment to a regulatory asset. If the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (ACC does not allow full recovery of the remaining net book value of this interest, all or a portion of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (regulatory asset will be written of) Tj ET Q q 0 0 0 rg BT 204.18 569.25 Td (f and ) Tj ET Q q 0 0 0 rg BT 229.73 569.25 Td (APS's net income, cash flows, and financial position will be negatively ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (impacted.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 106.68 527.85 Td (Assets and Liabilities) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 500.25 Td (The detail of regulatory assets is as follows \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 448.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 448.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 448.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 448.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 448.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 448.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 448.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 448.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 448.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 448.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 418.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 418.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 418.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 418.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 418.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 418.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 418.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 418.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 418.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 418.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 378.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 378.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 378.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 378.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 378.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 378.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 378.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 378.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 378.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 378.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 338.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 338.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 338.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 338.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 338.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 338.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 338.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 338.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 338.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 338.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 308.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 308.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 308.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 308.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 308.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 308.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 278.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 278.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 278.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 278.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 278.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 278.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 248.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 248.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 248.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 248.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 248.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 248.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 218.75 196.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 218.75 53.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 218.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 218.75 60.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 218.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 218.75 60.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 218.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 218.75 60.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 218.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 218.75 60.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 185.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 185.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 185.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 185.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 185.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 185.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 185.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 185.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 185.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 185.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 155.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 155.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 155.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 155.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 155.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 155.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 155.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 155.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 155.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 155.75 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 468.75 m 363 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 468.75 m 367 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 468.75 m 427 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 468.75 m 491 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 468.75 m 495 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 468.75 m 555 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 448.75 m 363 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 468.75 m 427 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 448.75 m 427 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 448.75 m 491 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 468.75 m 555 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 448.75 m 555 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246 448.75 m 299 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 448.75 m 363 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 448.75 m 427 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 448.75 m 491 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 448.75 m 555 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 155.75 m 363 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 155.75 m 427 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 155.75 m 491 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 155.75 m 555 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 155.75 m 363 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 141.75 m 363 141.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 139.75 m 363 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 155.75 m 427 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 141.75 m 427 141.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 139.75 m 427 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 155.75 m 491 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 141.75 m 491 141.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 139.75 m 491 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 155.75 m 555 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 141.75 m 555 141.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 139.75 m 555 139.75 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 471.47 Td (S) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.25 472.98 Td (December) Tj ET Q q 0 0 0 rg BT 366.82 472.98 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.25 472.98 Td (December) Tj ET Q q 0 0 0 rg BT 494.82 472.98 Td ( 31, 2016) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 451.47 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.10 460.83 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.95 452.83 Td (Thr) Tj ET Q q 0 0 0 rg BT 270.21 452.83 Td (ough) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.55 452.98 Td (Curr) Tj ET Q q 0 0 0 rg BT 335.81 452.98 Td (ent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.10 452.98 Td (Non-Curr) Tj ET Q q 0 0 0 rg BT 408.25 452.98 Td (ent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.55 452.98 Td (Curr) Tj ET Q q 0 0 0 rg BT 463.81 452.98 Td (ent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.10 452.98 Td (Non-Curr) Tj ET Q q 0 0 0 rg BT 536.17 452.98 Td (ent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 439.32 Td (Pension) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.40 438.42 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 438.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 438.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 438.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 438.42 Td (576,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.50 438.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 438.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.50 438.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 438.42 Td (71) Tj ET Q q 0 0 0 rg BT 528.65 438.42 Td (1,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 423.42 Td (Retired power plant costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 423.42 Td (2033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 423.42 Td (27,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 423.42 Td (188,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 423.42 Td (9,913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 423.42 Td (1) Tj ET Q q 0 0 0 rg BT 523.65 423.42 Td (17,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 409.32 Td (Income taxes - ) Tj ET Q q 0 0 0 rg BT 113.59 409.32 Td (AFUDC equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 408.42 Td (2047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 408.42 Td (3,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 408.42 Td (142,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 408.42 Td (6,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 408.42 Td (152,1) Tj ET Q q 0 0 0 rg BT 541.15 408.42 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 394.32 Td (Deferred fuel and purchased power mark-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 384.32 Td (to-market \(Note 16\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 383.42 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 383.42 Td (52,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 383.42 Td (34,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 383.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 383.42 Td (42,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 369.32 Td (Four Corners cost deferral) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 368.42 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 368.42 Td (8,077) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 368.42 Td (48,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 368.42 Td (6,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 368.42 Td (56,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 354.32 Td (Income taxes investment tax credit basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 344.32 Td (adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 343.42 Td (2046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 343.42 Td (1,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 343.42 Td (26,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 343.42 Td (2,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 343.42 Td (54,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 329.32 Td (Lost fixed cost recovery \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 328.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 328.42 Td (59,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 328.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 328.42 Td (61,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 328.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 314.32 Td (Palo ) Tj ET Q q 0 0 0 rg BT 72.69 314.32 Td (V) Tj ET Q q 0 0 0 rg BT 79.27 314.32 Td (erde ) Tj ET Q q 0 0 0 rg BT 98.33 314.32 Td (VIEs \(Note 18\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 313.42 Td (2046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 313.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 313.42 Td (19,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 313.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 313.42 Td (18,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 299.32 Td (Deferred compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 298.42 Td (2036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 298.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 298.42 Td (36,413) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 298.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 298.42 Td (35,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 284.32 Td (Deferred property taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 283.42 Td (2027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 283.42 Td (8,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 283.42 Td (74,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 283.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 283.42 Td (73,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 269.32 Td (Loss on reacquired debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 268.42 Td (2038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 268.42 Td (1,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 268.42 Td (15,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 268.42 Td (1,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 268.42 Td (16,942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 254.32 Td (AG-1 deferral) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 253.42 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 253.42 Td (2,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 253.42 Td (8,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 253.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 253.42 Td (5,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 239.32 Td (Demand side management \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 238.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 238.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 238.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 238.42 Td (3,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 238.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 224.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 224.32 Td (ax expense of Medicare subsidy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 223.42 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 223.42 Td (1,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 223.42 Td (7,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 223.42 Td (1,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 223.42 Td (10,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 209.32 Td (Mead-Phoenix transmission line CIAC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 205.42 Td (2050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 205.42 Td (332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 205.42 Td (10,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 205.42 Td (332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.65 205.42 Td (10,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 191.32 Td (Deferred fuel and purchased power \(b\)\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 190.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 190.42 Td (75,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 190.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 190.42 Td (12,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 190.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 176.32 Td (Coal reclamation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.50 175.42 Td (2026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 175.42 Td (1,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 175.42 Td (12,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 175.42 Td (418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 175.42 Td (5,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 161.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.90 160.42 Td (V) Tj ET Q q 0 0 0 rg BT 271.01 160.42 Td (arious) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 160.42 Td (4,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 160.42 Td (353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 160.42 Td (432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.65 160.42 Td (1,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 146.32 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 146.32 Td (otal regulatory assets \(d\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 295.50 143.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 145.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 145.42 Td (248,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 145.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.10 145.42 Td (1,202,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.50 145.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 145.42 Td (106,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.50 145.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.10 145.42 Td (1,313,428) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 121.45 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 121.45 Td (This asset represents the future recovery of pension benefit obligations through retail rates. If these ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 107.65 Td (costs are disallowed by the ) Tj ET Q q 0 0 0 rg BT 229.66 107.65 Td (ACC, this regulatory asset would be char) Tj ET Q q 0 0 0 rg BT 418.84 107.65 Td (ged to OCI and result in lower ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 93.85 Td (future revenues. See Note 7 for further discussion.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 80.05 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 80.05 Td (See Cost Recovery Mechanisms discussion above.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 66.25 Td (\(c\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 66.25 Td (Subject to a carrying char) Tj ET Q q 0 0 0 rg BT 221.44 66.25 Td (ge.) Tj ET Q endstream endobj 257 0 obj <>] /Rotate 0 /Contents 258 0 R>> endobj 258 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (124) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 721.05 Td (\(d\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 721.05 Td (There are no regulatory assets for which the ) Tj ET Q q 0 0 0 rg BT 307.87 721.05 Td (ACC has allowed recovery of costs, but not allowed a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 707.25 Td (return by exclusion from rate base. FERC rates are set using a formula rate as described in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 693.45 Td (T) Tj ET Q q 0 0 0 rg BT 115.23 693.45 Td (ransmission Rates, ) Tj ET Q q 0 0 0 rg BT 204.14 693.45 Td (T) Tj ET Q q 0 0 0 rg BT 210.76 693.45 Td (ransmission Cost ) Tj ET Q q 0 0 0 rg BT 291.91 693.45 Td (Adjustor and Other ) Tj ET Q q 0 0 0 rg BT 383.37 693.45 Td (T) Tj ET Q q 0 0 0 rg BT 389.99 693.45 Td (ransmission Matters.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 673.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 673.65 Td (The detail of regulatory liabilities is as follows \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 619.15 196.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 619.15 54.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 619.15 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 619.15 60.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 619.15 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 619.15 60.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 619.15 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 619.15 60.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 619.15 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 619.15 60.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 581.15 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 581.15 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 581.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 581.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 581.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 581.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 581.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 581.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 581.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 581.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 551.15 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 551.15 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 551.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 551.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 551.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 551.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 551.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 551.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 551.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 551.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 521.15 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 521.15 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 521.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 521.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 521.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 521.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 521.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 521.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 521.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 521.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 491.15 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 491.15 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 491.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 491.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 491.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 491.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 491.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 491.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 491.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 491.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 461.15 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 461.15 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 461.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 461.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 461.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 461.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 461.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 461.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 461.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 461.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 431.15 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 431.15 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 431.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 431.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 431.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 431.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 431.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 431.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 431.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 431.15 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 642.15 m 364 642.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 642.15 m 368 642.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 642.15 m 428 642.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 642.15 m 492 642.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 642.15 m 496 642.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 642.15 m 556 642.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 619.15 m 364 619.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 642.15 m 428 642.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 619.15 m 428 619.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 619.15 m 492 619.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 642.15 m 556 642.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 619.15 m 556 619.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246 619.15 m 300 619.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 619.15 m 364 619.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 619.15 m 428 619.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 619.15 m 492 619.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 619.15 m 556 619.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 416.15 m 364 416.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 416.15 m 428 416.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 416.15 m 492 416.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 416.15 m 556 416.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 416.15 m 364 416.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 402.15 m 364 402.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 400.15 m 364 400.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 416.15 m 428 416.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 402.15 m 428 402.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 400.15 m 428 400.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 416.15 m 492 416.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 402.15 m 492 402.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 400.15 m 492 400.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 416.15 m 556 416.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 402.15 m 556 402.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 400.15 m 556 400.15 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 644.87 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.25 646.38 Td (December) Tj ET Q q 0 0 0 rg BT 367.82 646.38 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.25 646.38 Td (December) Tj ET Q q 0 0 0 rg BT 495.82 646.38 Td ( 31, 2016) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 621.87 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.60 631.38 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.45 623.38 Td (Thr) Tj ET Q q 0 0 0 rg BT 270.71 623.38 Td (ough) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.55 623.38 Td (Curr) Tj ET Q q 0 0 0 rg BT 336.81 623.38 Td (ent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.10 623.38 Td (Non-Curr) Tj ET Q q 0 0 0 rg BT 409.25 623.38 Td (ent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.55 623.38 Td (Curr) Tj ET Q q 0 0 0 rg BT 464.81 623.38 Td (ent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.10 623.38 Td (Non-Curr) Tj ET Q q 0 0 0 rg BT 537.17 623.38 Td (ent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 609.72 Td (Excess deferred income taxes - ) Tj ET Q q 0 0 0 rg BT 179.29 609.72 Td (T) Tj ET Q q 0 0 0 rg BT 184.96 609.72 Td (ax Cuts and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 599.72 Td (Jobs ) Tj ET Q q 0 0 0 rg BT 72.51 599.72 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.40 600.82 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.50 600.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 600.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.50 600.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.10 600.82 Td (1,520,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 600.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 600.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 600.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 600.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 586.72 Td (Asset retirement obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.50 585.82 Td (2057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 585.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 585.82 Td (332,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 585.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 585.82 Td (279,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 571.72 Td (Removal costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.80 570.82 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.65 570.82 Td (18,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 570.82 Td (209,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 570.82 Td (29,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 570.82 Td (223,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 555.82 Td (Other post retirement benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.80 555.82 Td (\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.65 555.82 Td (37,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 555.82 Td (151,985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 555.82 Td (32,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 555.82 Td (123,913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 541.72 Td (Income taxes - deferred investment tax credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.50 540.82 Td (2046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 540.82 Td (2,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 540.82 Td (52,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 540.82 Td (4,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 540.82 Td (108,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 526.72 Td (Income taxes - change in rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.50 525.82 Td (2046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 525.82 Td (2,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 525.82 Td (70,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 525.82 Td (1,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 525.82 Td (70,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 511.72 Td (Spent nuclear fuel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.50 510.82 Td (2027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 510.82 Td (6,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 510.82 Td (62,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 510.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 510.82 Td (71,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 496.72 Td (Renewable ener) Tj ET Q q 0 0 0 rg BT 116.54 496.72 Td (gy standard \(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.50 495.82 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.65 495.82 Td (23,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 495.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 495.82 Td (26,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 495.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 481.72 Td (Demand side management \(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.50 480.82 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 480.82 Td (3,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 480.82 Td (4,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 480.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 480.82 Td (20,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 466.72 Td (Sundance maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.50 465.82 Td (2030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 465.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 465.82 Td (16,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 465.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 465.82 Td (15,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 451.72 Td (Deferred gains on utility property) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.50 450.82 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 450.82 Td (4,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 450.82 Td (10,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 450.82 Td (2,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 450.82 Td (8,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 436.72 Td (Four Corners coal reclamation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.50 435.82 Td (2038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 435.82 Td (1,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.65 435.82 Td (18,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 435.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 435.82 Td (18,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 421.72 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.90 420.82 Td (V) Tj ET Q q 0 0 0 rg BT 272.01 420.82 Td (arious) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 420.82 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 420.82 Td (2,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 420.82 Td (2,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 420.82 Td (7,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 406.72 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 406.72 Td (otal regulatory liabilities) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 296.50 403.91 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.50 405.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.65 405.82 Td (100,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.50 405.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.10 405.82 Td (2,452,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 405.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 405.82 Td (99,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 405.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 405.82 Td (948,916) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 381.85 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 381.85 Td (See Note 4. ) Tj ET Q q 0 0 0 rg BT 162.38 381.85 Td (While the majority of the excess deferred tax balance shown is subject to special ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 368.05 Td (amortization rules under federal income tax laws, which require amortization of the balance over ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 354.25 Td (the remaining regulatory life of the related property) Tj ET Q q 0 0 0 rg BT 340.01 354.25 Td (, treatment of a portion of the liability) Tj ET Q q 0 0 0 rg BT 513.00 354.25 Td (, and the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 340.45 Td (month in which pass-through of the excess deferred tax balance will begin is subject to regulatory ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 326.65 Td (approval. ) Tj ET Q q 0 0 0 rg BT 152.15 326.65 Td (This approval will be sought through the Company's ) Tj ET Q q 0 0 0 rg BT 396.13 326.65 Td (TEAM adjustor mechanism and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 312.85 Td (FERC filings in 2018. ) Tj ET Q q 0 0 0 rg BT 210.21 312.85 Td (As a result, the Company cannot estimate the amount of this regulatory ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 299.05 Td (liability which is expected to reverse within the next 12 months. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 401.17 299.05 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.50 285.25 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 285.25 Td (In accordance with regulatory accounting guidance, ) Tj ET Q q 0 0 0 rg BT 343.94 285.25 Td (APS accrues for removal costs for its regulated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 271.45 Td (assets, even if there is no legal obligation for removal \(see Note 1) Tj ET Q q 0 0 0 rg BT 404.86 271.45 Td (1\).) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 257.65 Td (\(c\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 257.65 Td (See Cost Recovery Mechanisms discussion above.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 243.85 Td (\(d\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 243.85 Td (See Note 7.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 216.25 Td (4) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 55.25 216.25 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 216.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 124.58 216.25 Td (T) Tj ET Q q 0 0 0 rg BT 131.19 216.25 Td (axes) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 152.27 216.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 202.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 188.65 Td (Certain assets and liabilities are reported dif) Tj ET Q q 0 0 0 rg BT 287.76 188.65 Td (ferently for income tax purposes than they are for financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 174.85 Td (statement purposes. ) Tj ET Q q 0 0 0 rg BT 145.75 174.85 Td (The tax ef) Tj ET Q q 0 0 0 rg BT 192.15 174.85 Td (fect of these dif) Tj ET Q q 0 0 0 rg BT 263.79 174.85 Td (ferences is recorded as deferred taxes. ) Tj ET Q q 0 0 0 rg BT 444.29 174.85 Td (W) Tj ET Q q 0 0 0 rg BT 454.22 174.85 Td (e calculate deferred ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 161.05 Td (taxes using currently enacted income tax rates.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 133.45 Td (APS has recorded regulatory assets and regulatory liabilities related to income taxes on its Balance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 119.65 Td (Sheets in accordance with accounting guidance for regulated operations. ) Tj ET Q q 0 0 0 rg BT 388.10 119.65 Td (The regulatory assets are for certain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 105.85 Td (temporary dif) Tj ET Q q 0 0 0 rg BT 112.20 105.85 Td (ferences, primarily the allowance for equity funds used during construction, investment tax credit ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 92.05 Td (\(ITC\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 84.31 92.05 Td ( basis adjustment and tax expense of Medicare subsidy) Tj ET Q q 0 0 0 rg BT 335.87 92.05 Td (. ) Tj ET Q q 0 0 0 rg BT 344.29 92.05 Td (The regulatory liabilities primarily relate to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 78.25 Td (change in income tax rates and deferred taxes resulting from ITCs.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 64.45 Td () Tj ET Q endstream endobj 259 0 obj <>] /Rotate 0 /Contents 260 0 R>> endobj 260 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (125) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (On December 22, 2017, the ) Tj ET Q q 0 0 0 rg BT 215.27 721.05 Td (T) Tj ET Q q 0 0 0 rg BT 221.49 721.05 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 301.36 721.05 Td (Act \("T) Tj ET Q q 0 0 0 rg BT 335.58 721.05 Td (ax ) Tj ET Q q 0 0 0 rg BT 348.68 721.05 Td (Act"\) was enacted. ) Tj ET Q q 0 0 0 rg BT 438.10 721.05 Td (This legislation made ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (significant changes to the federal income tax laws including a reduction in the corporate tax rate to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 506.47 707.25 Td (21%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 527.55 707.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (ef) Tj ET Q q 0 0 0 rg BT 58.23 693.45 Td (fective January 1, 2018. In accordance with generally accepted accounting principles, the ef) Tj ET Q q 0 0 0 rg BT 483.34 693.45 Td (fects of this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (corporate tax rate reduction were recognized for the year ending December 31, 2017. ) Tj ET Q q 0 0 0 rg BT 446.08 679.65 Td (As a result of this rate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (reduction, the Company has recognized a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 242.70 665.85 Td ($1.14 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 301.48 665.85 Td ( reduction in its net deferred income tax liabilities as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (December 31, 2017. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 624.45 Td (In accordance with accounting for regulated companies, the ef) Tj ET Q q 0 0 0 rg BT 371.71 624.45 Td (fect of this rate reduction is substantially ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (of) Tj ET Q q 0 0 0 rg BT 58.87 610.65 Td (fset by a regulatory liability) Tj ET Q q 0 0 0 rg BT 185.87 610.65 Td (. ) Tj ET Q q 0 0 0 rg BT 193.86 610.65 Td (As of December 31, 2017, to reflect the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 379.08 610.65 Td ($1.14 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 437.86 610.65 Td ( reduction in its net ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (deferred income tax liabilities caused by the rate reduction, ) Tj ET Q q 0 0 0 rg BT 324.12 596.85 Td (APS has recorded a regulatory liability of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 518.62 596.85 Td ($1.52 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 79.53 583.05 Td ( and a new ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 131.90 583.05 Td ($377 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 191.00 583.05 Td ( deferred tax asset. ) Tj ET Q q 0 0 0 rg BT 282.75 583.05 Td (The company intends to amortize the regulatory liability in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (accordance with applicable federal income tax laws, which require the amortization of a majority of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (balance over the remaining regulatory life of the related property) Tj ET Q q 0 0 0 rg BT 347.31 555.45 Td (, and in a manner to be approved by its federal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (and state regulatory agencies. See Note 3 for more details.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 514.05 Td (Additionally) Tj ET Q q 0 0 0 rg BT 142.89 514.05 Td (, as a result of the corporate tax rate reduction, the Company recorded income tax expense ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 61.95 500.25 Td ($9.3 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 118.18 500.25 Td (, for the year ended December 31, 2017, to recognize the ef) Tj ET Q q 0 0 0 rg BT 391.30 500.25 Td (fect of certain reductions in deferred ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td (tax assets, for which the Company did not believe recovery was probable through its revenue requirement.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 459.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 459.45 Td (Several sections of the ) Tj ET Q q 0 0 0 rg BT 191.96 459.45 Td (T) Tj ET Q q 0 0 0 rg BT 198.18 459.45 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 278.05 459.45 Td (Act contain technical ambiguities. ) Tj ET Q q 0 0 0 rg BT 437.83 459.45 Td (These ambiguities include ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.65 Td (certain transition rules regarding the applicability of bonus depreciation to property acquired, or under ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.85 Td (construction, prior to September 28, 2017 and the continued deductibility of certain executive compensation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 418.05 Td (arrangements in place prior to November 3, 2017. Management has recognized tax positions which it believes ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (are more likely than not to be sustained upon examination based upon its interpretation of this legislation. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 390.45 Td (Clarifying guidance may be issued through additional legislation, ) Tj ET Q q 0 0 0 rg BT 353.03 390.45 Td (T) Tj ET Q q 0 0 0 rg BT 359.65 390.45 Td (reasury regulations, or other technical ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.65 Td (guidance, within the next 12 months which may impact the income tax ef) Tj ET Q q 0 0 0 rg BT 386.87 376.65 Td (fects of the ) Tj ET Q q 0 0 0 rg BT 440.62 376.65 Td (T) Tj ET Q q 0 0 0 rg BT 446.84 376.65 Td (ax ) Tj ET Q q 0 0 0 rg BT 459.94 376.65 Td (Act as recorded by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.85 Td (the Company) Tj ET Q q 0 0 0 rg BT 110.40 362.85 Td (. ) Tj ET Q q 0 0 0 rg BT 115.51 362.85 Td (As of December 31, 2017, the Company does not have a reasonable estimate of what the income ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 349.05 Td (tax ef) Tj ET Q q 0 0 0 rg BT 75.15 349.05 Td (fects of such clarifying guidance may be, if any) Tj ET Q q 0 0 0 rg BT 293.15 349.05 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 321.45 Td (In accordance with regulatory requirements, ) Tj ET Q q 0 0 0 rg BT 291.14 321.45 Td (APS ITCs are deferred and are amortized over the life of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.65 Td (the related property with such amortization applied as a credit to reduce current income tax expense in the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.85 Td (statement of income.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 280.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 266.25 Td (Net income associated with the Palo ) Tj ET Q q 0 0 0 rg BT 255.20 266.25 Td (V) Tj ET Q q 0 0 0 rg BT 262.23 266.25 Td (erde sale leaseback ) Tj ET Q q 0 0 0 rg BT 353.01 266.25 Td (VIEs is not subject to tax \(see Note 18\). ) Tj ET Q q 0 0 0 rg BT 541.77 266.25 Td (As ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 252.45 Td (a result, there is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 125.18 252.45 Td (no) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 136.68 252.45 Td ( income tax expense associated with the ) Tj ET Q q 0 0 0 rg BT 323.30 252.45 Td (VIEs recorded on the Pinnacle ) Tj ET Q q 0 0 0 rg BT 466.47 252.45 Td (W) Tj ET Q q 0 0 0 rg BT 476.40 252.45 Td (est Consolidated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.65 Td (and ) Tj ET Q q 0 0 0 rg BT 68.35 238.65 Td (APS Consolidated Statements of Income.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 211.05 Td (The following is a tabular reconciliation of the total amounts of unrecognized tax benefits, excluding ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 197.25 Td (interest and penalties, at the beginning and end of the year that are included in accrued taxes and unrecognized ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 183.45 Td (tax benefits \(dollars in thousands\):) Tj ET Q endstream endobj 261 0 obj <>] /Rotate 0 /Contents 262 0 R>> endobj 262 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (126) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 702.50 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 702.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 702.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 702.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 702.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 702.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 702.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 702.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 702.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 702.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 702.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 702.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 672.50 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 672.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 672.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 672.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 672.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 672.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 672.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 672.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 672.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 672.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 672.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 672.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 642.50 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 642.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 642.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 642.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 642.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 642.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 642.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 642.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 642.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 642.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 642.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 642.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 612.50 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 612.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 612.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 612.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 612.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 612.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 612.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 612.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 612.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 612.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 612.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 612.50 48.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 715.5 m 303 715.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 715.5 m 307 715.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 715.5 m 355 715.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 715.5 m 359 715.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 715.5 m 407 715.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 715.5 m 459 715.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 715.5 m 463 715.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 715.5 m 511 715.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 715.5 m 515 715.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 715.5 m 563 715.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 702.5 m 303 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 702.5 m 355 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 702.5 m 407 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 702.5 m 459 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 702.5 m 511 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 702.5 m 563 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 702.5 m 459 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 702.5 m 511 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 702.5 m 563 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 597.5 m 303 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 597.5 m 355 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 597.5 m 407 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 597.5 m 411 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 597.5 m 459 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 597.5 m 511 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 597.5 m 563 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 597.5 m 303 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 583.5 m 303 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 581.5 m 303 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 597.5 m 355 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 583.5 m 355 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 581.5 m 355 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 597.5 m 407 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 583.5 m 407 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 581.5 m 407 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 597.5 m 411 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 583.5 m 411 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 581.5 m 411 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 597.5 m 459 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 583.5 m 459 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 581.5 m 459 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 597.5 m 511 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 583.5 m 511 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 581.5 m 511 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 597.5 m 563 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 583.5 m 563 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 581.5 m 563 581.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.00 719.73 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 314.26 719.73 Td (W) Tj ET Q q 0 0 0 rg BT 321.97 719.73 Td (est Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.45 719.73 Td (APS Consolidated) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 705.22 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.50 706.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.50 706.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.50 706.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.50 706.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.50 706.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.50 706.73 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 693.07 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 693.07 Td (otal unrecognized tax benefits, January1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.50 692.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.60 692.17 Td (36,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.50 692.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.60 692.17 Td (34,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 692.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 692.17 Td (44,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.50 692.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.60 692.17 Td (36,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 692.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.60 692.17 Td (34,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 692.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.60 692.17 Td (44,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 678.07 Td (Additions for tax positions of the current year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.65 677.17 Td (2,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 677.17 Td (2,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 677.17 Td (2,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 677.17 Td (2,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 677.17 Td (2,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 677.17 Td (2,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 663.07 Td (Additions for tax positions of prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.65 662.17 Td (4,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 662.17 Td (886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 662.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 662.17 Td (4,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 662.17 Td (886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 662.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 648.07 Td (Reductions for tax positions of prior years for:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 299.50 645.26 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 645.26 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 403.50 645.26 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 455.50 645.26 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 507.50 645.26 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 645.26 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 633.07 Td (Changes in judgment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.30 632.17 Td (\(1,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 632.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.30 632.22 Td (\(1,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 632.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.30 632.22 Td (\(10,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 632.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.30 632.22 Td (\(1,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 632.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 632.22 Td (\(1,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.15 632.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 632.22 Td (\(10,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 632.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 618.07 Td (Settlements with taxing authorities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.15 617.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 617.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 617.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 617.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 617.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 617.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 603.07 Td (Lapses of applicable statute of limitations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.15 602.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 602.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.30 602.22 Td (\(2,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 602.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 602.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 602.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 602.22 Td (\(2,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 602.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 588.07 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 588.07 Td (otal unrecognized tax benefits, December31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.50 587.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.60 587.17 Td (41,966) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.50 587.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.60 587.17 Td (36,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 587.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 587.17 Td (34,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.50 587.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.60 587.17 Td (41,966) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 587.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.60 587.17 Td (36,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 587.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.60 587.17 Td (34,447) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 555.40 Td (Included in the balances of unrecognized tax benefits are the following tax positions that, if recognized, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.60 Td (would decrease our ef) Tj ET Q q 0 0 0 rg BT 150.51 541.60 Td (fective tax rate \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 501.10 201.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.00 501.10 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 501.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 501.10 47.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 501.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 501.10 47.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 501.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 501.10 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 501.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 501.10 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 501.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 501.10 51.00 -24.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 516.1 m 299 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299 516.1 m 303 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 516.1 m 350 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 516.1 m 354 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 516.1 m 401 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 516.1 m 454 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 516.1 m 458 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 516.1 m 507 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 516.1 m 511 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 516.1 m 562 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 516.1 m 299 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 501.1 m 299 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 516.1 m 350 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 501.1 m 350 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 516.1 m 354 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 516.1 m 401 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 501.1 m 401 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 516.1 m 454 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 501.1 m 454 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 516.1 m 507 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 501.1 m 507 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 516.1 m 511 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 516.1 m 562 516.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 501.1 m 562 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 501.1 m 299 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 501.1 m 350 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 501.1 m 401 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 501.1 m 454 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 501.1 m 507 501.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 501.1 m 562 501.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.50 520.33 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 308.76 520.33 Td (W) Tj ET Q q 0 0 0 rg BT 316.47 520.33 Td (est Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.95 520.33 Td (APS Consolidated) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 51.50 503.82 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.00 505.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.00 505.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 505.33 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.00 505.33 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.00 505.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 505.33 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 491.67 Td (T) Tj ET Q q 0 0 0 rg BT 56.91 491.67 Td (ax positions, that if recognized, would) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 481.67 Td (decrease our ef) Tj ET Q q 0 0 0 rg BT 111.83 481.67 Td (fective tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 481.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 481.77 Td (16,373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 481.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.60 481.77 Td (1) Tj ET Q q 0 0 0 rg BT 323.60 481.77 Td (1,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.50 481.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 481.77 Td (9,523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 481.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 481.77 Td (16,373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 481.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 481.77 Td (1) Tj ET Q q 0 0 0 rg BT 480.65 481.77 Td (1,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.50 481.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 481.77 Td (9,523) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 463.80 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 450.00 Td (As of the balance sheet date, the tax year ended December31, 2014 and all subsequent tax years ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 436.20 Td (remain subject to examination by the IRS. ) Tj ET Q q 0 0 0 rg BT 248.91 436.20 Td (W) Tj ET Q q 0 0 0 rg BT 259.30 436.20 Td (ith a few exceptions, we are no longer subject to state income tax ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 422.40 Td (examinations by tax authorities for years before 2013.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 408.60 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 394.80 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 394.80 Td (e reflect interest and penalties, if any) Tj ET Q q 0 0 0 rg BT 264.24 394.80 Td (, on unrecognized tax benefits in the Pinnacle ) Tj ET Q q 0 0 0 rg BT 476.40 394.80 Td (W) Tj ET Q q 0 0 0 rg BT 486.33 394.80 Td (est ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 381.00 Td (Consolidated and ) Tj ET Q q 0 0 0 rg BT 131.91 381.00 Td (APS Consolidated Statements of Income as income tax expense. ) Tj ET Q q 0 0 0 rg BT 434.17 381.00 Td (The amount of interest ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 367.20 Td (expense or benefit recognized related to unrecognized tax benefits are as follows \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 326.70 203.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.00 326.70 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 326.70 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 326.70 47.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 326.70 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 326.70 45.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 326.70 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 326.70 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 326.70 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 326.70 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 326.70 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 326.70 51.00 -24.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 341.7 m 301 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 341.7 m 305 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 341.7 m 352 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 341.7 m 356 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 341.7 m 401 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 341.7 m 454 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 341.7 m 458 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 341.7 m 507 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 341.7 m 511 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 341.7 m 562 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 341.7 m 301 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 326.7 m 301 326.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 341.7 m 352 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 326.7 m 352 326.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 341.7 m 356 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 341.7 m 401 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 326.7 m 401 326.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 341.7 m 454 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 326.7 m 454 326.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 341.7 m 507 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 326.7 m 507 326.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 341.7 m 511 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 341.7 m 562 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 326.7 m 562 326.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 326.7 m 301 326.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 326.7 m 352 326.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 326.7 m 401 326.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 326.7 m 454 326.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 326.7 m 507 326.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 326.7 m 562 326.7 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.50 345.93 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 309.76 345.93 Td (W) Tj ET Q q 0 0 0 rg BT 317.47 345.93 Td (est Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.95 345.93 Td (APS Consolidated) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 51.50 329.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.00 330.93 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.00 330.93 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 330.93 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.00 330.93 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.00 330.93 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 330.93 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 317.27 Td (Unrecognized tax benefit interest expense/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 307.27 Td (\(benefit\) recognized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.50 307.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 307.37 Td (577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.50 307.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 307.37 Td (529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.50 307.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 307.42 Td (\(161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 307.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 307.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 307.37 Td (577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 307.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 307.37 Td (529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.50 307.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 307.42 Td (\(161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 307.37 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 275.60 Td (Following are the total amount of accrued liabilities for interest recognized related to unrecognized ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 261.80 Td (benefits that could reverse and decrease our ef) Tj ET Q q 0 0 0 rg BT 262.26 261.80 Td (fective tax rate to the extent matters are settled favorably \(dollars ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 248.00 Td (in thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 207.50 201.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 207.50 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 207.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 207.50 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 207.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 207.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 207.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 207.50 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 207.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 207.50 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 207.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 207.50 51.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 222.5 m 300.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 222.5 m 304.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 222.5 m 351.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 222.5 m 355.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 222.5 m 399.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 222.5 m 452.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 222.5 m 456.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 222.5 m 505.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 222.5 m 509.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 222.5 m 560.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 222.5 m 300.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 207.5 m 300.5 207.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 222.5 m 351.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 207.5 m 351.5 207.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 222.5 m 355.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 222.5 m 399.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 207.5 m 399.5 207.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 222.5 m 452.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 207.5 m 452.5 207.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 222.5 m 505.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 207.5 m 505.5 207.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 222.5 m 509.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 222.5 m 560.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 207.5 m 560.5 207.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.50 226.73 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 308.76 226.73 Td (W) Tj ET Q q 0 0 0 rg BT 316.47 226.73 Td (est Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.45 226.73 Td (APS Consolidated) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 53.00 210.22 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.50 211.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.50 211.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 211.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.50 211.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.50 211.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 211.73 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 198.07 Td (Unrecognized tax benefit interest accrued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 198.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 198.07 Td (1,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 198.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.15 198.07 Td (1,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 198.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 198.07 Td (804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 198.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 198.07 Td (1,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 198.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 198.07 Td (1,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 198.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 198.07 Td (804) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 166.40 Td (Additionally) Tj ET Q q 0 0 0 rg BT 142.89 166.40 Td (, as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 173.55 166.40 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 263.92 166.40 Td (, we have recognized less than ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 406.66 166.40 Td ($1 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 454.26 166.40 Td ( of interest expense to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 152.60 Td (be paid on the underpayment of income taxes for certain adjustments that we have filed, or will file, with the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 138.80 Td (IRS.) Tj ET Q endstream endobj 263 0 obj <>] /Rotate 0 /Contents 264 0 R>> endobj 264 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (127) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (The components of income tax expense are as follows \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 671.55 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 671.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 671.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 671.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 671.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 671.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 671.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 671.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 671.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 671.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 671.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 671.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 641.55 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 641.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 641.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 641.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 641.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 641.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 641.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 641.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 641.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 641.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 641.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 641.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 611.55 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 611.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 611.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 611.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 611.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 611.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 611.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 611.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 611.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 611.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 611.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 611.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 581.55 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 581.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 581.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 581.55 48.00 -15.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 359.00 551.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 551.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 551.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 551.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 551.55 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 551.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 551.55 48.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 697.55 m 303 697.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 697.55 m 307 697.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 697.55 m 355 697.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 697.55 m 359 697.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 697.55 m 407 697.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 697.55 m 459 697.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 697.55 m 463 697.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 697.55 m 511 697.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 697.55 m 515 697.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 697.55 m 563 697.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 684.55 m 303 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 684.55 m 307 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 684.55 m 355 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 684.55 m 359 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 684.55 m 407 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 684.55 m 459 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 684.55 m 463 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 684.55 m 511 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 684.55 m 515 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 684.55 m 563 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 684.55 m 303 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 671.55 m 303 671.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 684.55 m 307 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 684.55 m 355 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 671.55 m 355 671.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 684.55 m 359 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 684.55 m 407 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 671.55 m 407 671.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 684.55 m 459 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 671.55 m 459 671.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 684.55 m 463 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 684.55 m 511 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 671.55 m 511 671.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 684.55 m 515 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 684.55 m 563 684.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 671.55 m 563 671.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 626.55 m 303 626.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 626.55 m 355 626.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 626.55 m 407 626.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 626.55 m 459 626.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 626.55 m 511 626.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 626.55 m 563 626.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 611.55 m 303 611.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 611.55 m 355 611.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 611.55 m 407 611.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 611.55 m 459 611.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 611.55 m 511 611.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 611.55 m 563 611.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 566.55 m 303 566.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 566.55 m 355 566.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 566.55 m 407 566.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 566.55 m 459 566.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 566.55 m 511 566.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 566.55 m 563 566.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 551.55 m 303 551.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 551.55 m 355 551.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 551.55 m 407 551.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 551.55 m 459 551.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 551.55 m 511 551.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 551.55 m 563 551.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 551.55 m 303 551.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 537.55 m 303 537.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 535.55 m 303 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 551.55 m 355 551.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 537.55 m 355 537.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 535.55 m 355 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 551.55 m 407 551.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 537.55 m 407 537.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 535.55 m 407 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 551.55 m 459 551.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 537.55 m 459 537.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 535.55 m 459 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 551.55 m 511 551.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 537.55 m 511 537.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 535.55 m 511 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 551.55 m 563 551.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 537.55 m 563 537.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 535.55 m 563 535.55 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.00 701.78 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 314.26 701.78 Td (W) Tj ET Q q 0 0 0 rg BT 321.97 701.78 Td (est Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.45 701.78 Td (APS Consolidated) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 687.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.20 688.78 Td (Y) Tj ET Q q 0 0 0 rg BT 291.53 688.78 Td (ear) Tj ET Q q 0 0 0 rg BT 302.12 688.78 Td (EndedDecember) Tj ET Q q 0 0 0 rg BT 362.85 688.78 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.20 688.78 Td (Y) Tj ET Q q 0 0 0 rg BT 447.53 688.78 Td (ear) Tj ET Q q 0 0 0 rg BT 458.12 688.78 Td (EndedDecember) Tj ET Q q 0 0 0 rg BT 518.85 688.78 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 674.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.50 675.78 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.50 675.78 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.50 675.78 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.50 675.78 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.50 675.78 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.50 675.78 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 662.12 Td (Current:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 299.50 659.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 659.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 403.50 659.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 647.12 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.50 646.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.60 646.22 Td (1) Tj ET Q q 0 0 0 rg BT 276.60 646.22 Td (1,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.50 646.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 646.22 Td (8,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 646.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.30 646.27 Td (\(12,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 646.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.50 646.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.60 646.22 Td (21,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 646.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 646.22 Td (71) Tj ET Q q 0 0 0 rg BT 502.15 646.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 646.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 646.22 Td (6,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 632.12 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.65 631.22 Td (3,052) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 631.22 Td (1,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 631.22 Td (4,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 631.22 Td (2,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 631.22 Td (4,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 631.22 Td (7,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 617.12 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 617.12 Td (otal current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.60 616.22 Td (14,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 616.22 Td (9,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.30 616.27 Td (\(7,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 616.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.60 616.22 Td (24,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 616.22 Td (4,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.60 616.22 Td (14,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 602.12 Td (Deferred:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 299.50 599.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 599.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 403.50 599.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 455.50 599.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 507.50 599.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 599.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 587.12 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.60 586.22 Td (223,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.60 586.22 Td (201,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.60 586.22 Td (221,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.60 586.22 Td (221,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.60 586.22 Td (215,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 586.22 Td (208,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 572.12 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.60 571.22 Td (19,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.60 571.22 Td (24,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 571.22 Td (23,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.60 571.22 Td (23,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.60 571.22 Td (25,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.60 571.22 Td (23,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 557.12 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 557.12 Td (otal deferred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.60 556.22 Td (243,596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.60 556.22 Td (226,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.60 556.22 Td (245,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.60 556.22 Td (244,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.60 556.22 Td (240,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 556.22 Td (231,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 542.12 Td (Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.50 541.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.60 541.22 Td (258,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.50 541.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.60 541.22 Td (236,41) Tj ET Q q 0 0 0 rg BT 346.10 541.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 541.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.60 541.22 Td (237,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.50 541.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.60 541.22 Td (269,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 541.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.60 541.22 Td (245,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 541.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 541.22 Td (245,841) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 509.45 Td (On the ) Tj ET Q q 0 0 0 rg BT 118.72 509.45 Td (APS Consolidated Statements of Income, federal and state income taxes are allocated between ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 495.65 Td (operating income and other income.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 468.05 Td (The following chart compares pretax income at the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 323.08 468.05 Td (35%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 344.16 468.05 Td ( federal income tax rate to income tax expense ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 454.25 Td (\(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 440.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 390.95 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 390.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 390.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 390.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 390.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 390.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 390.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 390.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 390.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 390.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 390.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 390.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 350.95 205.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 350.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 350.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 350.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 350.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 350.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 350.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 350.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 350.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 350.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 350.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 350.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 300.95 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 300.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 300.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 300.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 300.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 300.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 300.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 300.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 300.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 300.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 300.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 300.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 270.95 205.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 270.95 48.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 270.95 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 270.95 48.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 270.95 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 270.95 48.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 270.95 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 270.95 48.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 270.95 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 270.95 48.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 270.95 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 270.95 48.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 221.95 205.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 221.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 221.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 221.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 221.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 221.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 221.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 221.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 221.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 221.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 221.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 221.95 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 181.95 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 181.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 181.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 181.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 181.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 181.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 181.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 181.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 181.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 181.95 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 181.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 181.95 48.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 416.95000000000005 m 303 416.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 416.95000000000005 m 307 416.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 416.95000000000005 m 355 416.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 416.95000000000005 m 359 416.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 416.95000000000005 m 407 416.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 416.95000000000005 m 459 416.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 416.95000000000005 m 463 416.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 416.95000000000005 m 511 416.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 416.95000000000005 m 515 416.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 416.95000000000005 m 563 416.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 403.95000000000005 m 303 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 403.95000000000005 m 307 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 403.95000000000005 m 355 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 403.95000000000005 m 359 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 403.95000000000005 m 407 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 403.95000000000005 m 459 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 403.95000000000005 m 463 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 403.95000000000005 m 511 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 403.95000000000005 m 515 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 403.95000000000005 m 563 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 403.95000000000005 m 303 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 390.95000000000005 m 303 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 403.95000000000005 m 307 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 403.95000000000005 m 355 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 390.95000000000005 m 355 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 403.95000000000005 m 359 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 403.95000000000005 m 407 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 390.95000000000005 m 407 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 403.95000000000005 m 459 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 390.95000000000005 m 459 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 403.95000000000005 m 463 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 403.95000000000005 m 511 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 390.95000000000005 m 511 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 403.95000000000005 m 515 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 403.95000000000005 m 563 403.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 390.95000000000005 m 563 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 390.95000000000005 m 459 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 390.95000000000005 m 511 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 390.95000000000005 m 563 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 166.95000000000005 m 303 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 166.95000000000005 m 355 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 166.95000000000005 m 407 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 166.95000000000005 m 459 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 166.95000000000005 m 511 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 166.95000000000005 m 563 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 166.95000000000005 m 303 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 152.95000000000005 m 303 152.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 150.95000000000005 m 303 150.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 166.95000000000005 m 355 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 152.95000000000005 m 355 152.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 150.95000000000005 m 355 150.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 166.95000000000005 m 407 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 152.95000000000005 m 407 152.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 150.95000000000005 m 407 150.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 166.95000000000005 m 459 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 152.95000000000005 m 459 152.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 150.95000000000005 m 459 150.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 166.95000000000005 m 511 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 152.95000000000005 m 511 152.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 150.95000000000005 m 511 150.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 166.95000000000005 m 563 166.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 152.95000000000005 m 563 152.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 150.95000000000005 m 563 150.95000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.00 421.18 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 314.26 421.18 Td (W) Tj ET Q q 0 0 0 rg BT 321.97 421.18 Td (est Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.45 421.18 Td (APS Consolidated) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 406.67 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.20 408.18 Td (Y) Tj ET Q q 0 0 0 rg BT 291.53 408.18 Td (ear) Tj ET Q q 0 0 0 rg BT 302.12 408.18 Td (EndedDecember) Tj ET Q q 0 0 0 rg BT 362.85 408.18 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.20 408.18 Td (Y) Tj ET Q q 0 0 0 rg BT 447.53 408.18 Td (ear) Tj ET Q q 0 0 0 rg BT 458.12 408.18 Td (EndedDecember) Tj ET Q q 0 0 0 rg BT 518.85 408.18 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 393.67 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.50 395.18 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.50 395.18 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.50 395.18 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.50 395.18 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.50 395.18 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.50 395.18 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 381.52 Td (Federal income tax expense at 35% statutory rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.50 380.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.60 380.62 Td (268,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.50 380.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.60 380.62 Td (244,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 380.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.60 380.62 Td (242,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.50 380.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.60 380.62 Td (277,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 380.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.60 380.62 Td (254,617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 380.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 380.62 Td (250,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 366.52 Td (Increases \(reductions\) in tax expense resulting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 356.52 Td (from:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 299.50 353.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 353.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 403.50 353.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 455.50 353.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 507.50 353.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 353.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 341.52 Td (State income tax net of federal income tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 331.52 Td (benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.60 330.62 Td (14,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.60 330.62 Td (16,31) Tj ET Q q 0 0 0 rg BT 346.10 330.62 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 330.62 Td (18,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.60 330.62 Td (17,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.60 330.62 Td (18,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.60 330.62 Td (20,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 316.52 Td (Credits and favorable adjustments related to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 306.52 Td (prior years resolved in current year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.15 305.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 305.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.30 305.67 Td (\(2,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 305.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 305.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 305.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 305.67 Td (\(1,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 305.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 291.52 Td (Medicare Subsidy Part-D) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 290.62 Td (853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 290.62 Td (844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 290.62 Td (837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 290.62 Td (853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 290.62 Td (844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 290.62 Td (837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 276.52 Td (Stock compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.30 275.62 Td (\(6,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 275.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.30 275.67 Td (\(2,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 275.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 275.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.30 275.67 Td (\(3,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 275.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 275.67 Td (\(1,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.15 275.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 275.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 261.52 Td (Excess Deferred Income ) Tj ET Q q 0 0 0 rg BT 159.19 261.52 Td (T) Tj ET Q q 0 0 0 rg BT 164.86 261.52 Td (axes - ) Tj ET Q q 0 0 0 rg BT 190.52 261.52 Td (T) Tj ET Q q 0 0 0 rg BT 196.19 261.52 Td (ax Cuts and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 251.52 Td (Jobs ) Tj ET Q q 0 0 0 rg BT 78.51 251.52 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.65 251.62 Td (9,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 251.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 251.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 251.62 Td (9,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 251.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 251.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 237.52 Td (Allowance for equity funds used during) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 227.52 Td (construction \(see Note 1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.30 226.62 Td (\(12,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 226.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.30 226.67 Td (\(1) Tj ET Q q 0 0 0 rg BT 328.63 226.67 Td (1,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 226.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.30 226.67 Td (\(9,71) Tj ET Q q 0 0 0 rg BT 398.13 226.67 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 226.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 226.67 Td (\(12,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 226.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 226.67 Td (\(1) Tj ET Q q 0 0 0 rg BT 484.63 226.67 Td (1,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.15 226.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 226.67 Td (\(9,71) Tj ET Q q 0 0 0 rg BT 554.13 226.67 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 226.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 212.52 Td (Palo ) Tj ET Q q 0 0 0 rg BT 78.69 212.52 Td (V) Tj ET Q q 0 0 0 rg BT 85.27 212.52 Td (erde ) Tj ET Q q 0 0 0 rg BT 104.33 212.52 Td (VIE noncontrolling interest \(see) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 202.52 Td (Note 18\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.30 201.62 Td (\(6,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 201.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.30 201.67 Td (\(6,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 201.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.30 201.67 Td (\(6,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 201.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.30 201.67 Td (\(6,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 201.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 201.67 Td (\(6,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.15 201.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 201.67 Td (\(6,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 201.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 187.52 Td (Investment tax credit amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.30 186.62 Td (\(6,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 186.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.30 186.67 Td (\(5,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 186.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.30 186.67 Td (\(5,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 186.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.30 186.67 Td (\(6,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 186.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 186.67 Td (\(5,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.15 186.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 186.67 Td (\(5,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 186.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 172.52 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.30 171.62 Td (\(1,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 171.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 171.62 Td (2,363) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 171.67 Td (\(218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 171.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.30 171.67 Td (\(5,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 171.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 171.67 Td (\(1,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.15 171.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 171.67 Td (\(1,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 171.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 157.52 Td (Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.50 156.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.60 156.62 Td (258,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.50 156.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.60 156.62 Td (236,41) Tj ET Q q 0 0 0 rg BT 346.10 156.62 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 156.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.60 156.62 Td (237,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.50 156.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.60 156.62 Td (269,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 156.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.60 156.62 Td (245,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 156.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 156.62 Td (245,841) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 138.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 124.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 111.05 Td () Tj ET Q endstream 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w 0 i [] 0 d 0 J 0 j 3 M 371 683.75 m 375 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 683.75 m 435 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 683.75 m 499 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 683.75 m 503 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 683.75 m 563 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 670.75 m 371 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 670.75 m 375 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 670.75 m 435 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 670.75 m 499 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 670.75 m 503 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 670.75 m 563 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 670.75 m 371 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 657.75 m 371 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 670.75 m 375 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 670.75 m 435 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 657.75 m 435 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 670.75 m 499 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 657.75 m 499 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 670.75 m 503 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 657.75 m 503 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 670.75 m 563 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 657.75 m 563 657.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 477.75 m 371 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 477.75 m 435 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 477.75 m 499 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 477.75 m 503 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 477.75 m 563 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 462.75 m 371 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 462.75 m 435 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 462.75 m 499 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 462.75 m 503 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 462.75 m 563 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 297.75 m 371 297.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 297.75 m 435 297.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 297.75 m 499 297.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 297.75 m 503 297.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 297.75 m 563 297.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 282.75 m 371 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 282.75 m 435 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 282.75 m 499 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 282.75 m 503 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 282.75 m 563 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 282.75 m 371 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 268.75 m 371 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 266.75 m 371 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 282.75 m 435 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 268.75 m 435 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 266.75 m 435 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 282.75 m 499 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 268.75 m 499 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 266.75 m 499 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 282.75 m 503 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 268.75 m 503 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 266.75 m 503 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 282.75 m 563 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 268.75 m 563 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 266.75 m 563 266.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.00 687.98 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 356.26 687.98 Td (W) Tj ET Q q 0 0 0 rg BT 363.97 687.98 Td (est Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.45 687.98 Td (APS Consolidated) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 673.47 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.25 674.98 Td (December) Tj ET Q q 0 0 0 rg BT 383.82 674.98 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.25 674.98 Td (December) Tj ET Q q 0 0 0 rg BT 511.82 674.98 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 660.47 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.50 661.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.50 661.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.50 661.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.50 661.98 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 648.32 Td (DEFERRED ) Tj ET Q q 0 0 0 rg BT 106.58 648.32 Td (T) Tj ET Q q 0 0 0 rg BT 112.20 648.32 Td (AX ) Tj ET Q q 0 0 0 rg BT 128.46 648.32 Td (ASSETS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 367.50 645.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 431.50 645.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 633.32 Td (Risk management activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.50 632.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 632.42 Td (25,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.50 632.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 632.42 Td (26,614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 632.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 632.42 Td (25,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 632.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 632.42 Td (26,614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 618.32 Td (Regulatory liabilities:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 367.50 615.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 431.50 615.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 495.50 615.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 603.32 Td (Excess Deferred Income ) Tj ET Q q 0 0 0 rg BT 171.19 603.32 Td (T) Tj ET Q q 0 0 0 rg BT 176.86 603.32 Td (axes - ) Tj ET Q q 0 0 0 rg BT 202.52 603.32 Td (T) Tj ET Q q 0 0 0 rg BT 208.19 603.32 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 277.56 603.32 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 602.42 Td (376,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 602.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 602.42 Td (376,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 602.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 588.32 Td (Asset retirement obligation and removal costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 587.42 Td (135,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 587.42 Td (200,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 587.42 Td (135,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 587.42 Td (200,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 573.32 Td (Unamortized investment tax credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 572.42 Td (54,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 572.42 Td (1) Tj ET Q q 0 0 0 rg BT 403.65 572.42 Td (13,195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 572.42 Td (54,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 572.42 Td (1) Tj ET Q q 0 0 0 rg BT 531.65 572.42 Td (13,195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 558.32 Td (Other postretirement benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 557.42 Td (47,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 557.42 Td (60,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 557.42 Td (47,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 557.42 Td (60,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 543.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 542.42 Td (37,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 542.42 Td (63,31) Tj ET Q q 0 0 0 rg BT 426.15 542.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 542.42 Td (37,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 542.42 Td (63,31) Tj ET Q q 0 0 0 rg BT 554.15 542.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 528.32 Td (Pension liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 527.42 Td (83,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 527.42 Td (204,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 527.42 Td (77,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 527.42 Td (194,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 513.32 Td (Renewable ener) Tj ET Q q 0 0 0 rg BT 122.54 513.32 Td (gy incentives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 512.42 Td (33,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 512.42 Td (56,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 512.42 Td (33,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 512.42 Td (56,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 498.32 Td (Credit and loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 497.42 Td (53,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 497.42 Td (75,944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 497.42 Td (1,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 497.42 Td (1,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 483.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 482.42 Td (102,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 482.42 Td (158,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 482.42 Td (108,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 482.42 Td (187,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 468.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 468.32 Td (otal deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 467.42 Td (950,077) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 467.42 Td (958,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 467.42 Td (897,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 467.42 Td (904,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 453.32 Td (DEFERRED ) Tj ET Q q 0 0 0 rg BT 106.58 453.32 Td (T) Tj ET Q q 0 0 0 rg BT 112.20 453.32 Td (AX LIABILITIES) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 367.50 450.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 431.50 450.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 495.50 450.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 438.32 Td (Plant-related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.80 437.47 Td (\(2,220,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 437.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 437.47 Td (\(3,297,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 437.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 437.47 Td (\(2,220,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 437.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.80 437.47 Td (\(3,297,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 437.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 423.32 Td (Risk management activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.80 422.47 Td (\(491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 422.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.30 422.47 Td (\(7,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 422.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 422.47 Td (\(491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 422.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 422.47 Td (\(7,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 422.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 408.32 Td (Other postretirement assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.30 407.47 Td (\(66,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 407.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 407.47 Td (\(63,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 407.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 407.47 Td (\(65,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 407.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 407.47 Td (\(62,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 407.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 393.32 Td (Regulatory assets:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 367.50 390.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 431.50 390.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 390.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 378.32 Td (Allowance for equity funds used during construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.30 377.47 Td (\(36,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 377.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 377.47 Td (\(61,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 377.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 377.47 Td (\(36,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 377.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 377.47 Td (\(61,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 377.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 363.32 Td (Deferred fuel and purchased power mark-to-market) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.30 362.47 Td (\(40,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 362.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 362.47 Td (\(21,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 362.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 362.47 Td (\(40,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 362.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 362.47 Td (\(21,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 362.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 348.32 Td (Pension benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.30 347.47 Td (\(142,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 347.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 347.47 Td (\(274,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 347.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 347.47 Td (\(142,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 347.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 347.47 Td (\(274,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 347.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 333.32 Td (Retired power plant costs \(see Note 3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.30 332.47 Td (\(53,61) Tj ET Q q 0 0 0 rg BT 362.13 332.47 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 332.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 332.47 Td (\(49,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 332.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 332.47 Td (\(53,61) Tj ET Q q 0 0 0 rg BT 490.13 332.47 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 332.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 332.47 Td (\(49,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 332.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 318.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.30 317.47 Td (\(74,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 317.47 Td (\(123,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 317.47 Td (\(74,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 317.47 Td (\(123,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 303.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.30 302.47 Td (\(5,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 302.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.30 302.47 Td (\(5,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 302.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.30 302.47 Td (\(5,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 302.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 302.47 Td (\(5,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 302.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 288.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 288.32 Td (otal deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.80 287.47 Td (\(2,640,882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 287.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 287.47 Td (\(3,904,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 287.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 287.47 Td (\(2,640,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 287.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.80 287.47 Td (\(3,903,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 287.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 273.32 Td (Deferred income taxes net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.50 272.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.80 272.47 Td (\(1,690,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 272.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.50 272.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 272.47 Td (\(2,945,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 272.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 272.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 272.47 Td (\(1,742,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 272.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 272.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.80 272.47 Td (\(2,999,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 272.42 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 254.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 240.65 Td (As of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 113.61 240.65 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 203.98 240.65 Td (, the deferred tax assets for credit and loss carryforwards relate primarily to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 226.85 Td (federal general business credits of approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 278.14 226.85 Td ($79 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 331.49 226.85 Td (, which first begin to expire in 2034, and other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 213.05 Td (federal and state credit carryforwards of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 236.60 213.05 Td ($6 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 284.20 213.05 Td (, which first begin to expire in 2031. ) Tj ET Q q 0 0 0 rg BT 457.42 213.05 Td (The credit and loss ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 199.25 Td (carryforwards amount above has been reduced by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 281.00 199.25 Td ($31 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 334.35 199.25 Td ( of unrecognized tax benefits.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 171.65 Td (5) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 55.25 171.65 Td (.) Tj ET Q BT /F2 3.00 Tf ET q 0 0 0 rg BT 58.13 171.65 Td ( ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 171.65 Td (Lines of Cr) Tj ET Q q 0 0 0 rg BT 140.87 171.65 Td (edit and Short-T) Tj ET Q q 0 0 0 rg BT 221.61 171.65 Td (erm Borr) Tj ET Q q 0 0 0 rg BT 267.70 171.65 Td (owings) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 301.57 171.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 157.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 144.05 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 144.05 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 144.05 Td (est and ) Tj ET Q q 0 0 0 rg BT 172.20 144.05 Td (APS maintain committed revolving credit facilities in order to enhance liquidity and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 130.25 Td (provide credit support for their commercial paper programs, to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 340.74 130.25 Td (refinance indebtedness, and for other general ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 116.45 Td (corporate purposes) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 132.89 116.45 Td (.) Tj ET Q endstream endobj 267 0 obj <>] /Rotate 0 /Contents 268 0 R>> endobj 268 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (129) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (The table below presents the consolidated credit facilities and the amounts available and outstanding as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 61.95 707.25 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 152.33 707.25 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 174.68 707.25 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 197.68 707.25 Td ( \(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 642.95 183.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.00 642.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 642.95 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 642.95 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 642.95 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 642.95 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 642.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 642.95 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 602.95 183.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.00 602.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 602.95 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 602.95 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 602.95 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 602.95 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 602.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 602.95 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 572.95 183.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.00 572.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 572.95 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 572.95 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 572.95 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 572.95 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 572.95 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 572.95 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232 667.95 m 285 667.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 667.95 m 337 667.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 667.95 m 389 667.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 667.95 m 453 667.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 667.95 m 506 667.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 667.95 m 562 667.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 642.95 m 389 642.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232 642.95 m 285 642.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 642.95 m 337 642.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 642.95 m 453 642.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 642.95 m 506 642.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 642.95 m 562 642.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232 602.95 m 285 602.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 602.95 m 337 602.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 602.95 m 453 602.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 602.95 m 506 602.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 602.95 m 562 602.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232 602.95 m 285 602.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232 588.95 m 285 588.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232 586.95 m 285 586.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 602.95 m 337 602.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 588.95 m 337 588.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 586.95 m 337 586.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 602.95 m 389 602.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 588.95 m 389 588.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 586.95 m 389 586.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 602.95 m 453 602.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 588.95 m 453 588.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 586.95 m 453 586.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 602.95 m 506 602.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 588.95 m 506 588.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 586.95 m 506 586.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 602.95 m 562 602.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 588.95 m 562 588.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 586.95 m 562 586.95 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.70 672.62 Td (December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.70 672.62 Td (December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.75 657.62 Td (Pinnacle) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.10 647.62 Td (W) Tj ET Q q 0 0 0 rg BT 257.14 647.62 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.30 647.62 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.25 647.62 Td (T) Tj ET Q q 0 0 0 rg BT 358.01 647.62 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.25 657.62 Td (Pinnacle) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.60 647.62 Td (W) Tj ET Q q 0 0 0 rg BT 425.64 647.62 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 647.62 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.25 647.62 Td (T) Tj ET Q q 0 0 0 rg BT 528.66 647.62 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 632.62 Td (Commitments under Credit Facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.50 632.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.60 632.62 Td (325,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.50 632.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.10 632.62 Td (1,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.50 632.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.10 632.62 Td (1,325,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.50 632.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.60 632.62 Td (275,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 632.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.10 632.62 Td (1,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 632.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.10 632.62 Td (1,275,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 617.62 Td (Outstanding Commercial Paper and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 607.62 Td (Revolving Credit Facility Borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.30 607.62 Td (\(95,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 607.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 607.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.30 607.67 Td (\(95,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 607.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.30 607.67 Td (\(41,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 607.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 607.67 Td (\(135,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 607.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 607.67 Td (\(177,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 607.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 592.62 Td (Amount of Credit Facilities ) Tj ET Q q 0 0 0 rg BT 163.99 592.62 Td (A) Tj ET Q q 0 0 0 rg BT 170.56 592.62 Td (vailable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.50 592.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.60 592.62 Td (229,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.50 592.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.10 592.62 Td (1,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.50 592.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.10 592.62 Td (1,229,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.50 592.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.60 592.62 Td (233,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 592.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 592.62 Td (864,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 592.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.10 592.62 Td (1,097,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 562.62 Td (W) Tj ET Q q 0 0 0 rg BT 60.14 562.62 Td (eighted-A) Tj ET Q q 0 0 0 rg BT 99.38 562.62 Td (verage Commitment Fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.55 562.62 Td (0.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.05 562.62 Td (0.100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.05 562.62 Td (0.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.55 562.62 Td (0.100%) Tj ET Q BT /F1 11.50 Tf ET BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 530.85 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 130.33 530.85 Td (W) Tj ET Q q 0 0 0 rg BT 139.71 530.85 Td (est) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 517.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 503.25 Td (At ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.88 503.25 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 190.25 503.25 Td (, Pinnacle ) Tj ET Q q 0 0 0 rg BT 238.27 503.25 Td (W) Tj ET Q q 0 0 0 rg BT 248.20 503.25 Td (est had a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 291.31 503.25 Td ($200 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 350.41 503.25 Td ( facility that matures in May 2021. Pinnacle ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 489.45 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 489.45 Td (est has the option to increase the amount of the facility up to a maximum of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 410.10 489.45 Td ($300 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 469.20 489.45 Td ( upon the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 475.65 Td (satisfaction of certain conditions and with the consent of the lenders. ) Tj ET Q q 0 0 0 rg BT 370.46 475.65 Td (At ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 384.84 475.65 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 475.21 475.65 Td (, Pinnacle ) Tj ET Q q 0 0 0 rg BT 523.23 475.65 Td (W) Tj ET Q q 0 0 0 rg BT 533.16 475.65 Td (est ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 461.85 Td (had ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 68.98 461.85 Td (no) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 80.48 461.85 Td ( outstanding borrowings under its credit facility) Tj ET Q q 0 0 0 rg BT 298.83 461.85 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 304.58 461.85 Td (no) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 316.08 461.85 Td ( letters of credit outstanding and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 467.46 461.85 Td ($29.4 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 529.44 461.85 Td ( of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 448.05 Td (commercial paper borrowings.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 420.45 Td (On July 31, 2017, Pinnacle ) Tj ET Q q 0 0 0 rg BT 212.74 420.45 Td (W) Tj ET Q q 0 0 0 rg BT 222.68 420.45 Td (est amended its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 296.45 420.45 Td (364) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 313.70 420.45 Td (-day unsecured revolving credit facility to increase its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 406.65 Td (capacity from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 115.91 406.65 Td ($75 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 169.26 406.65 Td ( to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 183.96 406.65 Td ($125 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 243.06 406.65 Td (, and to extend the termination date of the facility from ) Tj ET Q q 0 0 0 rg BT 497.90 406.65 Td (August ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 392.85 Td (30,2017 to July 30, 2018. Borrowings under the facility bear interest at LIBOR plus ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 443.96 392.85 Td (0.80%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 473.67 392.85 Td ( per annum. ) Tj ET Q q 0 0 0 rg BT 533.39 392.85 Td (At ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 379.05 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 139.87 379.05 Td (, Pinnacle ) Tj ET Q q 0 0 0 rg BT 187.89 379.05 Td (W) Tj ET Q q 0 0 0 rg BT 197.82 379.05 Td (est had ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 232.95 379.05 Td ($66 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 286.31 379.05 Td ( outstanding under the facility) Tj ET Q q 0 0 0 rg BT 423.53 379.05 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 365.25 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 351.45 Td (APS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 337.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 323.85 Td (On June 29, 2017, ) Tj ET Q q 0 0 0 rg BT 171.75 323.85 Td (APS replaced its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 251.28 323.85 Td ($500 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 310.38 323.85 Td ( revolving credit facility that would have matured in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 310.05 Td (September 2020, with a new ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 183.64 310.05 Td ($500 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 242.74 310.05 Td ( facility that matures in June 2022.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 282.45 Td (At ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.88 282.45 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 190.25 282.45 Td (, ) Tj ET Q q 0 0 0 rg BT 195.36 282.45 Td (APS had ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 238.82 282.45 Td (two) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 256.07 282.45 Td ( revolving credit facilities totaling ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 415.43 282.45 Td ($1 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 459.83 282.45 Td (, including a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 519.88 282.45 Td ($500 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 268.65 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 268.65 Td ( credit facility that matures in May 2021 and the above-mentioned ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 390.26 268.65 Td ($500 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 449.37 268.65 Td ( facility) Tj ET Q q 0 0 0 rg BT 484.06 268.65 Td (. ) Tj ET Q q 0 0 0 rg BT 489.18 268.65 Td (APS may ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 254.85 Td (increase the amount of each facility up to a maximum of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 312.32 254.85 Td ($700 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 371.42 254.85 Td (, for a total of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 437.20 254.85 Td ($1.4 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 490.23 254.85 Td (, upon the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 241.05 Td (satisfaction of certain conditions and with the consent of the lenders. Interest rates are based on ) Tj ET Q q 0 0 0 rg BT 492.76 241.05 Td (APS) Tj ET Q q 0 0 0 rg BT 517.05 241.05 Td (s senior ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 227.25 Td (unsecured debt credit ratings. ) Tj ET Q q 0 0 0 rg BT 190.44 227.25 Td (These facilities are available to support ) Tj ET Q q 0 0 0 rg BT 373.10 227.25 Td (APS) Tj ET Q q 0 0 0 rg BT 397.39 227.25 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 404.74 227.25 Td ($500 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.84 227.25 Td ( commercial paper ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 213.45 Td (program, for bank borrowings or for issuances of letters of credit. ) Tj ET Q q 0 0 0 rg BT 356.09 213.45 Td (At ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 370.46 213.45 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 460.83 213.45 Td (, ) Tj ET Q q 0 0 0 rg BT 465.95 213.45 Td (APS had ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 509.40 213.45 Td (no) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 520.90 213.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 199.65 Td (commercial paper outstanding and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 211.09 199.65 Td (no) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 222.59 199.65 Td ( outstanding borrowings or letters of credit under its revolving credit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 185.85 Td (facilities. See "Financial ) Tj ET Q q 0 0 0 rg BT 166.93 185.85 Td (Assurances" in Note 10 for a discussion of ) Tj ET Q q 0 0 0 rg BT 365.18 185.85 Td (APS's other outstanding letters of credit.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 158.25 Td (Debt Pr) Tj ET Q q 0 0 0 rg BT 87.93 158.25 Td (ovisions) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 144.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 130.65 Td (On February6, 2013, the ) Tj ET Q q 0 0 0 rg BT 203.36 130.65 Td (ACC issued a financing order in which, subject to specified parameters and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 116.85 Td (procedures, itapproved ) Tj ET Q q 0 0 0 rg BT 159.99 116.85 Td (APS) Tj ET Q q 0 0 0 rg BT 184.29 116.85 Td (s short-term debt authorization equal to a sum of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 410.72 116.85 Td (7%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 426.05 116.85 Td ( of ) Tj ET Q q 0 0 0 rg BT 440.74 116.85 Td (APS) Tj ET Q q 0 0 0 rg BT 465.04 116.85 Td (s capitalization, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 103.05 Td ($500 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 108.60 103.05 Td ( \(which is required to be used for costs relating to purchases of natural gas and power\). ) Tj ET Q q 0 0 0 rg BT 510.78 103.05 Td (This ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 89.25 Td (financing order was set to expire on December31, 2017; however) Tj ET Q q 0 0 0 rg BT 352.73 89.25 Td (, on December 15, 2016, ) Tj ET Q q 0 0 0 rg BT 468.35 89.25 Td (APS filed a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 75.45 Td (financing application with the ) Tj ET Q q 0 0 0 rg BT 189.39 75.45 Td (ACC requesting continuation of its authorization of \(i\) Continuing Long-T) Tj ET Q q 0 0 0 rg BT 531.94 75.45 Td (erm ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 61.65 Td (Debtof ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 87.18 61.65 Td ($5.1 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 140.22 61.65 Td ( and \(ii\) Continuing Short-T) Tj ET Q q 0 0 0 rg BT 269.10 61.65 Td (erm Debt. ) Tj ET Q q 0 0 0 rg BT 320.63 61.65 Td (The financing application is currently pending with ) Tj ET Q endstream endobj 269 0 obj <>] /Rotate 0 /Contents 270 0 R>> endobj 270 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (130) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (the ) Tj ET Q q 0 0 0 rg BT 65.79 721.05 Td (ACC. ) Tj ET Q q 0 0 0 rg BT 97.85 721.05 Td (The authorizations approved in the 2013 order continue until further order of the ) Tj ET Q q 0 0 0 rg BT 470.54 721.05 Td (ACC with respect ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (to the pending application. See Note 6 for additional long-term debt provisions.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.45 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (6) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 55.25 679.65 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 679.65 Td (Long-T) Tj ET Q q 0 0 0 rg BT 121.51 679.65 Td (erm Debt and Liquidity Matters) Tj ET Q BT /F2 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 652.05 Td (All of Pinnacle ) Tj ET Q q 0 0 0 rg BT 157.79 652.05 Td (W) Tj ET Q q 0 0 0 rg BT 167.73 652.05 Td (est) Tj ET Q q 0 0 0 rg BT 183.70 652.05 Td (s and ) Tj ET Q q 0 0 0 rg BT 209.89 652.05 Td (APS) Tj ET Q q 0 0 0 rg BT 234.19 652.05 Td (s debt is unsecured. ) Tj ET Q q 0 0 0 rg BT 329.79 652.05 Td (The following table presents the components of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (long-term debt on the Consolidated Balance Sheets outstanding at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 355.79 638.25 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 446.16 638.25 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 468.52 638.25 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 491.52 638.25 Td ( \(dollars in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 587.95 239.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 587.95 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 587.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 587.95 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 587.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 587.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 587.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 587.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 558.95 239.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 558.95 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 558.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 558.95 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 558.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 558.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 558.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 558.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 528.95 239.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 528.95 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 528.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 528.95 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 528.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 528.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 528.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 528.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 498.95 239.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 498.95 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 498.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 498.95 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 498.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 498.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 498.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 498.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 468.95 239.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 468.95 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 468.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 468.95 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 468.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 468.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 468.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 468.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 438.95 239.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 438.95 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 438.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 438.95 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 438.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 438.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 438.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 438.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 408.95 239.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 408.95 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 408.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 408.95 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 408.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 408.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 408.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 408.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 379.95 239.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 379.95 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 379.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 379.95 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 379.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 379.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 379.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 379.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 349.95 239.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 349.95 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 349.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 349.95 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 349.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 349.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 349.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 349.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 319.95 239.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 319.95 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 319.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 319.95 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 319.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 319.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 319.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 319.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 289.95 239.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 289.95 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 289.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 289.95 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 289.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 289.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 289.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 289.95 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 600.95 m 494 600.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 600.95 m 498 600.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 600.95 m 563 600.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 587.95 m 353 587.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 587.95 m 425 587.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 600.95 m 494 600.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 587.95 m 494 587.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 600.95 m 498 600.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 600.95 m 563 600.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 587.95 m 563 587.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 528.95 m 494 528.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 528.95 m 563 528.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 438.95000000000005 m 494 438.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 438.95000000000005 m 563 438.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 408.95000000000005 m 494 408.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 408.95000000000005 m 563 408.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 319.95000000000005 m 494 319.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 319.95000000000005 m 563 319.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 289.95000000000005 m 494 289.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 289.95000000000005 m 563 289.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 289.95000000000005 m 494 289.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 274.95000000000005 m 494 274.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 289.95000000000005 m 563 289.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 274.95000000000005 m 563 274.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 274.95000000000005 m 494 274.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 251.95000000000005 m 494 251.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 249.95000000000005 m 494 249.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 274.95000000000005 m 563 274.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 251.95000000000005 m 563 251.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 249.95000000000005 m 563 249.95000000000005 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 603.67 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.90 605.18 Td (Maturity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.20 605.18 Td (Inter) Tj ET Q q 0 0 0 rg BT 394.46 605.18 Td (est) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.25 605.18 Td (December) Tj ET Q q 0 0 0 rg BT 506.82 605.18 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 590.67 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.25 592.18 Td (Dates\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.90 592.18 Td (Rates) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 592.18 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 592.18 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 578.68 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 320.50 576.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 390.50 576.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 490.50 576.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 576.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 564.52 Td (Pollution control bonds:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 320.50 561.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 390.50 561.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 490.50 561.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 561.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 549.52 Td (V) Tj ET Q q 0 0 0 rg BT 65.17 549.52 Td (ariable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.50 548.62 Td (2029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 548.62 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 548.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 548.62 Td (35,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 548.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 548.62 Td (35,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 534.52 Td (Fixed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.80 533.62 Td (2024-2029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 533.62 Td (1.75%-4.70%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 533.62 Td (147,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 533.62 Td (147,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 519.52 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 519.52 Td (otal pollution control bonds) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 320.50 516.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 390.50 516.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 518.62 Td (183,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 518.62 Td (183,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 504.52 Td (Senior unsecured notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.80 503.62 Td (2019-2046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.00 503.62 Td (2.20%-8.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 503.62 Td (4,275,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 503.62 Td (3,725,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 489.52 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 489.52 Td (erm loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.80 488.62 Td (2018-2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.95 488.62 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 488.62 Td (150,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 488.62 Td (150,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 474.52 Td (Unamortized discount) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 320.50 471.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 390.50 471.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 473.67 Td (\(1) Tj ET Q q 0 0 0 rg BT 467.63 473.67 Td (1,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 473.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 473.67 Td (\(1) Tj ET Q q 0 0 0 rg BT 536.63 473.67 Td (1,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 473.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 459.52 Td (Unamortized premium) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 320.50 456.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 390.50 456.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 458.62 Td (8,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 458.62 Td (4,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 444.52 Td (Unamortized debt issuance cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 443.67 Td (\(31,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 443.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 443.67 Td (\(29,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 443.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 429.52 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 429.52 Td (otal ) Tj ET Q q 0 0 0 rg BT 75.13 429.52 Td (APS long-term debt) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 320.50 426.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 390.50 426.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 428.62 Td (4,573,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 428.62 Td (4,021,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 414.52 Td (Less current maturities) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 390.50 411.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 413.62 Td (82,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 413.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 399.52 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 399.52 Td (otal ) Tj ET Q q 0 0 0 rg BT 75.13 399.52 Td (APS long-term debt less current maturities) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 320.50 396.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 390.50 396.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 398.62 Td (4,491,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 398.62 Td (4,021,785) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 384.68 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.48 384.68 Td (W) Tj ET Q q 0 0 0 rg BT 100.93 384.68 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 320.50 382.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 390.50 382.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 490.50 382.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 382.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 370.52 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 370.52 Td (erm loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.50 369.62 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 369.62 Td (\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 369.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 369.62 Td (125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 355.52 Td (Senior unsecured notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.50 354.62 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.55 354.62 Td (2.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 354.62 Td (300,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 354.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 340.52 Td (Unamortized discount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 339.67 Td (\(184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 339.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 339.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 325.52 Td (Unamortized debt issuance cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 324.67 Td (\(1,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 324.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 324.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 310.52 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 310.52 Td (otal PNW) Tj ET Q q 0 0 0 rg BT 97.54 310.52 Td ( long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 309.62 Td (298,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 309.62 Td (125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 295.52 Td (Less current maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 294.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 294.62 Td (125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 280.52 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 280.52 Td (otal PNW) Tj ET Q q 0 0 0 rg BT 97.45 280.52 Td ( long-term debt less current maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 279.62 Td (298,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 279.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 265.63 Td (T) Tj ET Q q 0 0 0 rg BT 58.99 265.63 Td (OT) Tj ET Q q 0 0 0 rg BT 72.70 265.63 Td (AL) Tj ET Q q 0 0 0 rg BT 86.04 265.63 Td ( LONG-TERM DEBT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.04 265.63 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.54 265.63 Td (LESS CURRENT) Tj ET Q q 0 0 0 rg BT 259.78 265.63 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 255.63 Td (MA) Tj ET Q q 0 0 0 rg BT 68.42 255.63 Td (TURITIES) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 320.50 253.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 390.50 253.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 255.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 255.62 Td (4,789,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 255.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 255.62 Td (4,021,785) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 231.65 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 103.50 231.65 Td (This schedule does not reflect the timing of redemptions that may occur prior to maturities.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 217.85 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 103.50 217.85 Td (The weighted-average rate for the variable rate pollution control bonds was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 453.16 217.85 Td (1.77%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 482.87 217.85 Td ( at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 496.92 217.85 Td (December31, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 204.05 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.50 204.05 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 148.85 204.05 Td (0.81%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 178.56 204.05 Td ( at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 192.61 204.05 Td (December31, 2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 282.98 204.05 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 190.25 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 103.50 190.25 Td (The weighted-average interest rate was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 286.46 190.25 Td (2.236%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 321.91 190.25 Td ( at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 335.96 190.25 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 426.33 190.25 Td (, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 451.56 190.25 Td (1.427%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 487.02 190.25 Td ( at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 176.45 Td (December31, 2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 193.87 176.45 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 162.65 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 103.50 162.65 Td (The interest rate was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 201.85 162.65 Td (1.520%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 237.30 162.65 Td ( at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 251.35 162.65 Td (December31, 2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 341.73 162.65 Td (.) Tj ET Q endstream endobj 271 0 obj <>] /Rotate 0 /Contents 272 0 R>> endobj 272 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (131) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (The following table shows principal payments due on Pinnacle ) Tj ET Q q 0 0 0 rg BT 377.53 721.05 Td (W) Tj ET Q q 0 0 0 rg BT 387.46 721.05 Td (est) Tj ET Q q 0 0 0 rg BT 403.43 721.05 Td (s and ) Tj ET Q q 0 0 0 rg BT 429.63 721.05 Td (APS) Tj ET Q q 0 0 0 rg BT 453.92 721.05 Td (s total long-term debt ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (\(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 676.75 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 676.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 676.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 676.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 676.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 648.75 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 648.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 648.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 648.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 648.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 620.75 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 620.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 620.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 620.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 620.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 592.75 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 592.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 592.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 592.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 592.75 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 676.75 m 438 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 676.75 m 500 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 676.75 m 562 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 676.75 m 438 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 676.75 m 500 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 676.75 m 562 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 592.75 m 500 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 592.75 m 562 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 592.75 m 500 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 579.75 m 500 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 577.75 m 500 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 592.75 m 562 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 579.75 m 562 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 577.75 m 562 577.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 680.98 Td (Y) Tj ET Q q 0 0 0 rg BT 57.39 680.98 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.05 688.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.45 680.83 Td (Pinnacle) Tj ET Q q 0 0 0 rg BT 477.64 680.83 Td (W) Tj ET Q q 0 0 0 rg BT 485.20 680.83 Td (est) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.05 688.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.90 680.83 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 667.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.50 667.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 667.32 Td (82,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 667.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 667.32 Td (82,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 653.32 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 653.32 Td (600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 653.32 Td (600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 639.32 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 639.32 Td (550,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 639.32 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 625.32 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 625.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 625.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 611.32 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 611.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 611.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 597.32 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.10 597.32 Td (3,676,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.10 597.32 Td (3,676,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 583.32 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 583.32 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.50 583.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.10 583.32 Td (4,908,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 583.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.10 583.32 Td (4,608,125) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 565.45 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 551.65 Td (Debt Fair) Tj ET Q q 0 0 0 rg BT 96.88 551.65 Td ( ) Tj ET Q q 0 0 0 rg BT 99.54 551.65 Td (V) Tj ET Q q 0 0 0 rg BT 106.79 551.65 Td (alue) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 537.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 524.05 Td (Our long-term debt fair value estimates are based on quoted market prices for the same or similar ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 510.25 Td (issues, and are classified within Level 2 of the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 354.03 510.25 Td (. Certain of our debt instruments contain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 496.45 Td (third-party credit enhancements and, in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 340.74 496.45 Td (, we do not consider the ef) Tj ET Q q 0 0 0 rg BT 462.20 496.45 Td (fect of these credit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 482.65 Td (enhancements when determining fair value. ) Tj ET Q q 0 0 0 rg BT 255.90 482.65 Td (The following table represents the estimated fair value of our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 468.85 Td (long-term debt, including current maturities \(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 455.05 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 404.55 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 404.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 404.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 404.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 404.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 404.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 404.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 404.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 376.55 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 376.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 376.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 376.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 376.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 376.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 376.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 376.55 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 424.55 m 355 424.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 424.55 m 359 424.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 424.55 m 424 424.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 424.55 m 493 424.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 424.55 m 497 424.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 424.55 m 562 424.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 404.55 m 355 404.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 424.55 m 424 424.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 404.55 m 424 404.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 404.55 m 493 404.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 424.55 m 562 424.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 404.55 m 562 404.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 376.55 m 355 376.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 376.55 m 424 376.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 376.55 m 493 376.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 376.55 m 562 376.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 376.55 m 355 376.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 363.55 m 355 363.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 361.55 m 355 361.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 376.55 m 424 376.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 363.55 m 424 363.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 361.55 m 424 361.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 376.55 m 493 376.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 363.55 m 493 363.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 361.55 m 493 361.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 376.55 m 562 376.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 363.55 m 562 363.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 361.55 m 562 361.55 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 427.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.70 436.63 Td (As of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.25 428.63 Td (December) Tj ET Q q 0 0 0 rg BT 358.82 428.63 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.70 436.63 Td (As of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.25 428.63 Td (December) Tj ET Q q 0 0 0 rg BT 496.82 428.63 Td ( 31, 2016) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 407.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.20 416.63 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.95 408.63 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.15 408.78 Td (Fair) Tj ET Q q 0 0 0 rg BT 387.74 408.78 Td () Tj ET Q q 0 0 0 rg BT 389.59 408.78 Td (V) Tj ET Q q 0 0 0 rg BT 394.93 408.78 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.20 416.63 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.95 408.63 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.15 408.78 Td (Fair) Tj ET Q q 0 0 0 rg BT 525.67 408.78 Td () Tj ET Q q 0 0 0 rg BT 527.52 408.78 Td (V) Tj ET Q q 0 0 0 rg BT 532.56 408.78 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 395.12 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 89.34 395.12 Td (W) Tj ET Q q 0 0 0 rg BT 98.29 395.12 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 395.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 395.12 Td (298,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 395.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 395.12 Td (298,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 395.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 395.12 Td (125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 395.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 395.12 Td (125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 381.12 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 381.12 Td (4,573,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 381.12 Td (5,006,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 381.12 Td (4,021,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 381.12 Td (4,300,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 367.12 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 367.12 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 367.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 367.12 Td (4,871,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 367.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 367.12 Td (5,304,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 367.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 367.12 Td (4,146,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 367.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 367.12 Td (4,425,789) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 349.25 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 335.45 Td (Cr) Tj ET Q q 0 0 0 rg BT 62.70 335.45 Td (edit Facilities and Debt Issuances) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 321.65 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 307.85 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 130.33 307.85 Td (W) Tj ET Q q 0 0 0 rg BT 139.71 307.85 Td (est) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 280.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 280.25 Td (On November 30, 2017, Pinnacle ) Tj ET Q q 0 0 0 rg BT 242.11 280.25 Td (W) Tj ET Q q 0 0 0 rg BT 252.05 280.25 Td (est issued ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 299.32 280.25 Td ($300 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 358.42 280.25 Td ( of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 373.75 280.25 Td (2.25%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 403.46 280.25 Td ( unsecured senior notes that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 266.45 Td (mature on November 30, 2020. ) Tj ET Q q 0 0 0 rg BT 198.76 266.45 Td (The net proceeds from the sale were used to repay our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 450.71 266.45 Td ($125 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 509.81 266.45 Td ( term loan ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 252.65 Td (and for general corporate purposes.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 225.05 Td (APS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 211.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 197.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 197.45 Td (On March 21, 2017, ) Tj ET Q q 0 0 0 rg BT 180.69 197.45 Td (APS issued an additional ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 298.88 197.45 Td ($250 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 357.98 197.45 Td ( par amount of its outstanding ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 498.52 197.45 Td (4.35%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 528.23 197.45 Td ( senior ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 183.65 Td (unsecured notes that mature on November 15, 2045. ) Tj ET Q q 0 0 0 rg BT 295.52 183.65 Td (The net proceeds from the sale were used to refinance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.85 Td (commercial paper borrowings and to replenish cash temporarily used to fund capital expenditures.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 142.25 Td (On September 1) Tj ET Q q 0 0 0 rg BT 159.81 142.25 Td (1, 2017, ) Tj ET Q q 0 0 0 rg BT 199.42 142.25 Td (APS issued ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 255.02 142.25 Td ($300 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 314.12 142.25 Td ( of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 329.45 142.25 Td (2.95%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 359.16 142.25 Td ( senior unsecured notes that mature on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 128.45 Td (September 15, 2027. ) Tj ET Q q 0 0 0 rg BT 147.35 128.45 Td (The net proceeds from the sale were used to refinance commercial paper and other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 114.65 Td (indebtedness and to replenish cash used to fund capital expenditures.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 87.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 87.05 Td (On November 30, 2017, PNW) Tj ET Q q 0 0 0 rg BT 225.19 87.05 Td ( contributed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 283.32 87.05 Td ($150 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 342.42 87.05 Td ( into ) Tj ET Q q 0 0 0 rg BT 365.42 87.05 Td (APS in the form of an equity infusion. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 73.25 Td (APS used this contribution to repay short-term indebtedness, to finance capital expenditures and for other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 59.45 Td (general corporate purposes.) Tj ET Q endstream endobj 273 0 obj <>] /Rotate 0 /Contents 274 0 R>> endobj 274 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (132) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 707.25 Td (See Lines of Credit and Short-T) Tj ET Q q 0 0 0 rg BT 237.04 707.25 Td (erm Borrowings in Note 5 and Financial ) Tj ET Q q 0 0 0 rg BT 435.37 707.25 Td (Assurances in Note10 for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (discussion of ) Tj ET Q q 0 0 0 rg BT 112.12 693.45 Td (APS) Tj ET Q q 0 0 0 rg BT 136.41 693.45 Td (s separate outstanding letters of credit.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 679.65 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (Debt Pr) Tj ET Q q 0 0 0 rg BT 87.93 665.85 Td (ovisions) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 638.25 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 638.25 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 638.25 Td (est) Tj ET Q q 0 0 0 rg BT 153.67 638.25 Td (s and ) Tj ET Q q 0 0 0 rg BT 179.87 638.25 Td (APS) Tj ET Q q 0 0 0 rg BT 204.16 638.25 Td (s debt covenants related to their respective bank financing arrangements ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (include maximum debt to capitalization ratios. Pinnacle ) Tj ET Q q 0 0 0 rg BT 308.62 624.45 Td (W) Tj ET Q q 0 0 0 rg BT 318.55 624.45 Td (est and ) Tj ET Q q 0 0 0 rg BT 353.05 624.45 Td (APS comply with this covenant. For both ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.77 610.65 Td (W) Tj ET Q q 0 0 0 rg BT 101.70 610.65 Td (est and ) Tj ET Q q 0 0 0 rg BT 136.20 610.65 Td (APS, this covenant requires that the ratio of consolidated debt to total consolidated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (capitalization not exceed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 166.68 596.85 Td (65%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 187.76 596.85 Td (. ) Tj ET Q q 0 0 0 rg BT 195.75 596.85 Td (At ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 210.13 596.85 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 300.50 596.85 Td (, the ratio was approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 437.19 596.85 Td (50%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 458.27 596.85 Td ( for Pinnacle ) Tj ET Q q 0 0 0 rg BT 519.69 596.85 Td (W) Tj ET Q q 0 0 0 rg BT 529.63 596.85 Td (est and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (47%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 70.58 583.05 Td ( for ) Tj ET Q q 0 0 0 rg BT 89.10 583.05 Td (APS. Failure to comply with such covenant levels would result in an event of default, which, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (generally speaking, would require the immediate repayment of the debt subject to the covenants and could ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (cross-default other debt. See further discussion of cross-default provisions below) Tj ET Q q 0 0 0 rg BT 434.23 555.45 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 541.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 527.85 Td (Neither Pinnacle ) Tj ET Q q 0 0 0 rg BT 165.13 527.85 Td (W) Tj ET Q q 0 0 0 rg BT 175.06 527.85 Td (est) Tj ET Q q 0 0 0 rg BT 191.03 527.85 Td (s nor ) Tj ET Q q 0 0 0 rg BT 215.95 527.85 Td (APS) Tj ET Q q 0 0 0 rg BT 240.24 527.85 Td (s financing agreements contain rating triggers that would result in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td (an acceleration of the required interest and principal payments in the event of a rating downgrade. However) Tj ET Q q 0 0 0 rg BT 547.18 514.05 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (our bank credit agreements contain a pricing grid in which the interest rates we pay for borrowings thereunder ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td (are determined by our current credit ratings.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 472.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 458.85 Td (All of Pinnacle ) Tj ET Q q 0 0 0 rg BT 157.79 458.85 Td (W) Tj ET Q q 0 0 0 rg BT 167.73 458.85 Td (est) Tj ET Q q 0 0 0 rg BT 183.70 458.85 Td (s loan agreements contain "cross-default" provisions that would result in defaults ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.05 Td (and the potential acceleration of payment under these loan agreements if Pinnacle ) Tj ET Q q 0 0 0 rg BT 428.01 445.05 Td (W) Tj ET Q q 0 0 0 rg BT 437.94 445.05 Td (est or ) Tj ET Q q 0 0 0 rg BT 465.42 445.05 Td (APS were to default ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (under certain other material agreements. ) Tj ET Q q 0 0 0 rg BT 240.13 431.25 Td (All of ) Tj ET Q q 0 0 0 rg BT 269.52 431.25 Td (APS) Tj ET Q q 0 0 0 rg BT 293.81 431.25 Td (s bank agreements contain "cross-default" provisions that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.45 Td (would result in defaults and the potential acceleration of payment under these bank agreements if ) Tj ET Q q 0 0 0 rg BT 498.81 417.45 Td (APS were to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.65 Td (default under certain other material agreements. Pinnacle ) Tj ET Q q 0 0 0 rg BT 317.83 403.65 Td (W) Tj ET Q q 0 0 0 rg BT 327.77 403.65 Td (est and ) Tj ET Q q 0 0 0 rg BT 362.26 403.65 Td (APS do not have a material adverse change ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.85 Td (restriction for credit facility borrowings.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 362.25 Td (An existing ) Tj ET Q q 0 0 0 rg BT 141.09 362.25 Td (ACC order requires ) Tj ET Q q 0 0 0 rg BT 234.03 362.25 Td (APS to maintain a common equity ratio of at least ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 467.18 362.25 Td (40%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.26 362.25 Td (. ) Tj ET Q q 0 0 0 rg BT 496.25 362.25 Td (As defined in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.45 Td (the ) Tj ET Q q 0 0 0 rg BT 65.79 348.45 Td (ACC order) Tj ET Q q 0 0 0 rg BT 116.11 348.45 Td (, the common equity ratio is total shareholder equity divided by the sum of total shareholder ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.65 Td (equity and long-term debt, including current maturities of long-term debt. Its total shareholder equity was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.85 Td (approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 118.80 320.85 Td ($5.3 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 171.83 320.85 Td (, and total capitalization was approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 375.25 320.85 Td ($10.0 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 434.04 320.85 Td (. ) Tj ET Q q 0 0 0 rg BT 442.03 320.85 Td (APS would be prohibited ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.05 Td (from paying dividends if the payment would reduce its total shareholder equity below approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 516.42 307.05 Td ($4.0 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 79.53 293.25 Td (, assuming ) Tj ET Q q 0 0 0 rg BT 130.97 293.25 Td (APS) Tj ET Q q 0 0 0 rg BT 155.26 293.25 Td (s total capitalization remains the same. ) Tj ET Q q 0 0 0 rg BT 338.57 293.25 Td (APS was in compliance with this common ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.45 Td (equity ratio requirement as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 188.41 279.45 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 278.79 279.45 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 251.85 Td (Although provisions in ) Tj ET Q q 0 0 0 rg BT 193.80 251.85 Td (APS) Tj ET Q q 0 0 0 rg BT 218.10 251.85 Td (s articles of incorporation and ) Tj ET Q q 0 0 0 rg BT 357.65 251.85 Td (ACC financing orders establish maximum ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.05 Td (amounts of preferred stock and debt that ) Tj ET Q q 0 0 0 rg BT 237.60 238.05 Td (APS may issue, ) Tj ET Q q 0 0 0 rg BT 312.36 238.05 Td (APS does not expect any of these provisions to limit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (its ability to meet its capital requirements. On February6, 2013, the ) Tj ET Q q 0 0 0 rg BT 363.46 224.25 Td (ACC issued a financing order in which, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.45 Td (subject to specified parameters and procedures, it approved an increase in ) Tj ET Q q 0 0 0 rg BT 390.54 210.45 Td (APS) Tj ET Q q 0 0 0 rg BT 414.83 210.45 Td (s long-term debt authorization ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.65 Td (from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 74.73 196.65 Td ($4.2 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 127.76 196.65 Td ( to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 142.46 196.65 Td ($5.1 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 195.49 196.65 Td ( in light of the projected growth of ) Tj ET Q q 0 0 0 rg BT 356.46 196.65 Td (APS and its customer base and the resulting ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.85 Td (projected financing needs, and authorized ) Tj ET Q q 0 0 0 rg BT 243.65 182.85 Td (APS to enter into derivative financial instruments for the purpose of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.05 Td (managing interest rate risk associated with its long- and short-term debt. ) Tj ET Q q 0 0 0 rg BT 384.63 169.05 Td (This financing order was set to expire ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.25 Td (on December31, 2017; however) Tj ET Q q 0 0 0 rg BT 199.45 155.25 Td (, on December 15, 2016, ) Tj ET Q q 0 0 0 rg BT 315.07 155.25 Td (APS filed a financing application with the ) Tj ET Q q 0 0 0 rg BT 510.85 155.25 Td (ACC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.45 Td (requesting continuation of its authorization of \(i\) Continuing Long-T) Tj ET Q q 0 0 0 rg BT 365.53 141.45 Td (erm Debt of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 423.97 141.45 Td ($5.1 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.00 141.45 Td ( and \(ii\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.65 Td (Continuing Short-T) Tj ET Q q 0 0 0 rg BT 139.10 127.65 Td (erm Debt. ) Tj ET Q q 0 0 0 rg BT 190.63 127.65 Td (The financing application is currently pending with the ) Tj ET Q q 0 0 0 rg BT 446.12 127.65 Td (ACC. ) Tj ET Q q 0 0 0 rg BT 478.19 127.65 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.85 Td (authorizations approved in the 2013 order continue until further order of the ) Tj ET Q q 0 0 0 rg BT 401.43 113.85 Td (ACC with respect to the pending ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.05 Td (application. See Note 5 for additional short-term debt provisions.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 86.25 Td () Tj ET Q endstream endobj 275 0 obj <>] /Rotate 0 /Contents 276 0 R>> endobj 276 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (133) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (7) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 55.25 721.25 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 721.25 Td (Retir) Tj ET Q q 0 0 0 rg BT 110.83 721.25 Td (ement Plans and Other) Tj ET Q q 0 0 0 rg BT 224.03 721.25 Td ( Postr) Tj ET Q q 0 0 0 rg BT 252.88 721.25 Td (etir) Tj ET Q q 0 0 0 rg BT 269.90 721.25 Td (ement Benefits) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 342.40 721.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.65 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 693.65 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 693.65 Td (est sponsors a qualified defined benefit and account balance pension plan \(The Pinnacle ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 679.85 Td (est Capital Corporation Retirement Plan\) and a non-qualified supplemental excess benefit retirement plan for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (the employees of Pinnacle ) Tj ET Q q 0 0 0 rg BT 173.20 666.05 Td (W) Tj ET Q q 0 0 0 rg BT 183.14 666.05 Td (est and its subsidiaries. ) Tj ET Q q 0 0 0 rg BT 294.30 666.05 Td (All new employees participate in the account balance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (plan. Defined benefit plans specify the amount of benefits a plan participant is to receive using information ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.45 Td (about the participant. ) Tj ET Q q 0 0 0 rg BT 152.44 638.45 Td (The pension plan covers nearly all employees. ) Tj ET Q q 0 0 0 rg BT 370.99 638.45 Td (The supplemental excess benefit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (retirement plan covers of) Tj ET Q q 0 0 0 rg BT 164.56 624.65 Td (ficers of the Company and highly compensated employees designated for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.85 Td (participation by the Board of Directors. Our employees do not contribute to the plans. ) Tj ET Q q 0 0 0 rg BT 452.34 610.85 Td (W) Tj ET Q q 0 0 0 rg BT 462.27 610.85 Td (e calculate the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.05 Td (benefits based on age, years of service and pay) Tj ET Q q 0 0 0 rg BT 264.29 597.05 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 569.45 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 569.45 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 569.45 Td (est also sponsors other postretirement benefit plans \(Pinnacle ) Tj ET Q q 0 0 0 rg BT 421.74 569.45 Td (W) Tj ET Q q 0 0 0 rg BT 431.67 569.45 Td (est Capital Corporation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.65 Td (Group Life and Medical Plan and Pinnacle ) Tj ET Q q 0 0 0 rg BT 248.89 555.65 Td (W) Tj ET Q q 0 0 0 rg BT 258.82 555.65 Td (est Capital Corporation Post-65 Retiree Health Reimbursement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.85 Td (Arrangement\) for the employees of Pinnacle ) Tj ET Q q 0 0 0 rg BT 256.86 541.85 Td (W) Tj ET Q q 0 0 0 rg BT 266.79 541.85 Td (est and its subsidiaries. ) Tj ET Q q 0 0 0 rg BT 378.38 541.85 Td (These plans provide medical and life ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 528.05 Td (insurance benefits to retired employees. Employees must retire to become eligible for these retirement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (benefits, which are based on years of service and age. For the medical insurance plan, retirees make ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.45 Td (contributions to cover a portion of the plan costs. For the life insurance plan, retirees do not make ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.65 Td (contributions. ) Tj ET Q q 0 0 0 rg BT 118.61 486.65 Td (W) Tj ET Q q 0 0 0 rg BT 128.54 486.65 Td (e retain the right to change or eliminate these benefits.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 459.05 Td (On September 30, 2014, Pinnacle ) Tj ET Q q 0 0 0 rg BT 242.75 459.05 Td (W) Tj ET Q q 0 0 0 rg BT 252.69 459.05 Td (est announced plan design changes to the postretirement benefit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.25 Td (plan, which required an interim remeasurement of the benefit obligation for the plan. Ef) Tj ET Q q 0 0 0 rg BT 456.13 445.25 Td (fective January 1, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.45 Td (2015, those eligible retirees and dependents over age ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 295.71 431.45 Td (65) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 307.21 431.45 Td ( and on Medicare can choose to be enrolled in a Health ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.65 Td (Reimbursement ) Tj ET Q q 0 0 0 rg BT 124.56 417.65 Td (Arrangement \("HRA"\). ) Tj ET Q q 0 0 0 rg BT 237.85 417.65 Td (The Company is providing a subsidy allowing post-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 476.46 417.65 Td (65) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 487.96 417.65 Td ( retirees to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.85 Td (purchase a Medicare supplement plan on a private exchange network. ) Tj ET Q q 0 0 0 rg BT 375.64 403.85 Td (The remeasurement of the benefit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 390.05 Td (obligation included updating the assumptions. ) Tj ET Q q 0 0 0 rg BT 263.94 390.05 Td (The 2014 remeasurement also resulted in a decrease in Pinnacle ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.25 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 376.25 Td (est) Tj ET Q q 0 0 0 rg BT 75.40 376.25 Td (s other postretirement benefit obligation of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 275.33 376.25 Td ($316 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 334.43 376.25 Td (, which was of) Tj ET Q q 0 0 0 rg BT 401.29 376.25 Td (fset by the related regulatory asset ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.45 Td (and accumulated other comprehensive income. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 348.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 334.85 Td (Because of plan changes in September 2014, the Company is currently in the process of seeking IRS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 321.05 Td (approval to move approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 202.15 321.05 Td ($186 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 261.25 321.05 Td ( of other postretirement benefit trust assets into a new trust ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.25 Td (account to pay for active union employee medical costs. In December 2016, FERC approved a methodology ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.45 Td (for determining the amount of other postretirement benefit trust assets to transfer into a new trust account to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.65 Td (pay for active union employee medical costs. On January 2, 2018, these funds were moved to the new trust ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.85 Td (account. ) Tj ET Q q 0 0 0 rg BT 93.68 265.85 Td (The Company negotiated a draft Closing ) Tj ET Q q 0 0 0 rg BT 283.39 265.85 Td (Agreement granting tentative approval from the IRS prior to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 252.05 Td (the transfer) Tj ET Q q 0 0 0 rg BT 100.91 252.05 Td (. Subsequent to the transfer) Tj ET Q q 0 0 0 rg BT 228.84 252.05 Td (, the Company submitted proof of the transfer to the IRS and expects to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.25 Td (execute a final Closing ) Tj ET Q q 0 0 0 rg BT 157.44 238.25 Td (Agreement early in 2018. Per the terms of an order from FERC, the Company must ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.45 Td (also make an informational filing with FERC. ) Tj ET Q q 0 0 0 rg BT 263.29 224.45 Td (The Company made this FERC filing during February 2018. It is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.65 Td (the Company) Tj ET Q q 0 0 0 rg BT 114.34 210.65 Td (s understanding that completion of these regulatory requirements will then permit access to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.85 Td (approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 118.80 196.85 Td ($186 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 177.90 196.85 Td ( for the sole purpose of paying active union employee medical benefits.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 169.25 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 169.25 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 169.25 Td (est uses a December31 measurement date each year for its pension and other postretirement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.45 Td (benefit plans. ) Tj ET Q q 0 0 0 rg BT 117.00 155.45 Td (The market-related value of our plan assets is their fair value at the measurement date. See Note ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.65 Td (13 for further discussion of how fair values are determined. Due to subjective and complex judgments, which ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.85 Td (may be required in determining fair values, actual results could dif) Tj ET Q q 0 0 0 rg BT 355.54 127.85 Td (fer from the results estimated through the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 114.05 Td (application of these methods.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 100.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 86.45 Td (A) Tj ET Q q 0 0 0 rg BT 93.17 86.45 Td ( significant portion of the changes in the actuarial gains and losses of our pension and postretirement ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.65 Td (plans is attributable to ) Tj ET Q q 0 0 0 rg BT 153.63 72.65 Td (APS and therefore is recoverable in rates. ) Tj ET Q q 0 0 0 rg BT 350.02 72.65 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 406.76 72.65 Td (, these changes are recorded as a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.85 Td (regulatory asset or regulatory liability) Tj ET Q q 0 0 0 rg BT 222.48 58.85 Td (. In its 2009 retail rate case settlement, ) Tj ET Q q 0 0 0 rg BT 404.83 58.85 Td (APS received approval to defer a ) Tj ET Q endstream endobj 277 0 obj <>] /Rotate 0 /Contents 278 0 R>> endobj 278 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (134) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (portion of pension and other postretirement benefit cost increases incurred in 201) Tj ET Q q 0 0 0 rg BT 423.04 721.05 Td (1 and 2012. ) Tj ET Q q 0 0 0 rg BT 482.56 721.05 Td (W) Tj ET Q q 0 0 0 rg BT 492.50 721.05 Td (e deferred ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (pension and other postretirement benefit costs of approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.87 707.25 Td ($14 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 399.22 707.25 Td ( in 2012 and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 459.27 707.25 Td ($1) Tj ET Q q 0 0 0 rg BT 470.34 707.25 Td (1 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 512.19 707.25 Td ( in 201) Tj ET Q q 0 0 0 rg BT 543.71 707.25 Td (1. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (Pursuant to an ) Tj ET Q q 0 0 0 rg BT 117.54 693.45 Td (ACC regulatory order) Tj ET Q q 0 0 0 rg BT 218.00 693.45 Td (, we began amortizing the regulatory asset over ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 438.66 693.45 Td (three years) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.78 693.45 Td ( beginning in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (July2012. ) Tj ET Q q 0 0 0 rg BT 102.96 679.65 Td (W) Tj ET Q q 0 0 0 rg BT 112.90 679.65 Td (e amortized approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 239.03 679.65 Td ($5 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 286.63 679.65 Td ( in 2015, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 330.08 679.65 Td ($8 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 377.68 679.65 Td ( in 2014, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 421.12 679.65 Td ($8 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 468.73 679.65 Td ( in 2013 and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 528.77 679.65 Td ($4 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 665.85 Td ( in 2012. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 652.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 638.25 Td (The following table provides details of the plans) Tj ET Q q 0 0 0 rg BT 311.08 638.25 Td ( net periodic benefit costs and the portion of these ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (costs char) Tj ET Q q 0 0 0 rg BT 94.96 624.45 Td (ged to expense \(including administrative costs and excluding amounts capitalized as overhead ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (construction, billed to electric plant participants or char) Tj ET Q q 0 0 0 rg BT 304.13 610.65 Td (ged to the regulatory asset or liability\) \(dollars in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 560.35 162.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 560.35 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 560.35 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 560.35 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 560.35 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 560.35 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 560.35 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 560.35 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 560.35 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 560.35 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 560.35 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 560.35 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 520.35 162.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 520.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 520.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 520.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 520.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 520.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 520.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 520.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 520.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 520.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 520.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 520.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 475.35 162.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 475.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 475.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 475.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 475.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 475.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 475.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 475.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 475.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 475.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 475.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 475.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 445.35 162.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 445.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 445.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 445.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 445.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 445.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 445.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 445.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 445.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 445.35 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 445.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 445.35 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 573.35 m 267 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 573.35 m 271 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 573.35 m 326 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 573.35 m 330 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 573.35 m 385 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 573.35 m 444 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 573.35 m 448 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 573.35 m 503 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 573.35 m 562 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 573.35 m 267 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 560.35 m 267 560.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 573.35 m 271 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 573.35 m 326 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 560.35 m 326 560.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 573.35 m 330 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 573.35 m 385 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 560.35 m 385 560.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 573.35 m 444 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 560.35 m 444 560.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 573.35 m 448 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 573.35 m 503 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 560.35 m 503 560.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 573.35 m 507 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 573.35 m 562 573.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 560.35 m 562 560.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 560.35 m 267 560.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 560.35 m 326 560.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 560.35 m 385 560.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 560.35 m 444 560.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 560.35 m 503 560.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 560.35 m 562 560.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 460.35 m 267 460.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 460.35 m 326 460.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 460.35 m 385 460.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 460.35 m 444 460.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 460.35 m 503 460.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 460.35 m 562 460.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 460.35 m 267 460.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 446.35 m 267 446.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 444.35 m 267 444.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 460.35 m 326 460.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 446.35 m 326 446.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 444.35 m 326 444.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 460.35 m 385 460.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 446.35 m 385 446.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 444.35 m 385 444.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 460.35 m 444 460.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 446.35 m 444 446.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 444.35 m 444 444.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 460.35 m 503 460.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 446.35 m 503 446.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 444.35 m 503 444.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 460.35 m 562 460.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 446.35 m 562 446.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 444.35 m 562 444.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 431.35 m 267 431.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 429.35 m 267 429.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 431.35 m 326 431.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 429.35 m 326 429.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 431.35 m 385 431.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 429.35 m 385 429.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 431.35 m 444 431.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 429.35 m 444 429.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 431.35 m 503 431.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 429.35 m 503 429.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 431.35 m 562 431.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 429.35 m 562 429.35 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 576.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.65 577.58 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.05 577.58 Td (Other) Tj ET Q q 0 0 0 rg BT 470.42 577.58 Td (Benefits) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 563.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.00 564.58 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.00 564.58 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.00 564.58 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.00 564.58 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.00 564.58 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.00 564.58 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 550.92 Td (Service cost-benefits earned during) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 540.92 Td (the period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 540.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 540.02 Td (54,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 540.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 540.02 Td (53,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 540.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 540.02 Td (59,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 540.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 540.02 Td (17,1) Tj ET Q q 0 0 0 rg BT 430.15 540.02 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 540.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 540.02 Td (14,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 540.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 540.02 Td (16,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 525.92 Td (Interest cost on benefit obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.65 525.02 Td (129,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 525.02 Td (131,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 525.02 Td (123,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 525.02 Td (29,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 525.02 Td (29,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 525.02 Td (28,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 510.92 Td (Expected return on plan assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.30 510.02 Td (\(174,271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.15 510.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.30 510.07 Td (\(173,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 510.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.30 510.07 Td (\(179,231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 510.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.30 510.07 Td (\(53,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 510.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 510.07 Td (\(36,495) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 510.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 510.07 Td (\(36,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 510.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 495.92 Td (Amortization of:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 263.50 493.11 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 322.50 493.11 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 381.50 493.11 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 440.50 493.11 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 499.50 493.11 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 493.11 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 480.92 Td (Prior service cost \(credit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.15 480.02 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 480.02 Td (527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 480.02 Td (594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.30 480.07 Td (\(37,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 480.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 480.07 Td (\(37,883) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 480.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 480.07 Td (\(37,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 480.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 465.02 Td (Net actuarial loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 465.02 Td (47,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 465.02 Td (40,717) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 465.02 Td (31,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 465.02 Td (5,1) Tj ET Q q 0 0 0 rg BT 430.15 465.02 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 465.02 Td (4,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 465.02 Td (4,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 450.02 Td (Net periodic benefit cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 450.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 450.02 Td (58,324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 450.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 450.02 Td (52,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 450.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 450.02 Td (36,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 450.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.30 450.07 Td (\(39,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 450.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 450.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 450.07 Td (\(25,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 450.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 450.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 450.07 Td (\(25,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 450.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 435.02 Td (Portion of cost char) Tj ET Q q 0 0 0 rg BT 130.91 435.02 Td (ged to expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 435.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 435.02 Td (27,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 435.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 435.02 Td (26,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 435.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 435.02 Td (20,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 435.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.30 435.07 Td (\(18,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 435.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 435.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 435.07 Td (\(12,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 435.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 435.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 435.07 Td (\(10,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 435.02 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 403.25 Td (See Note 2 for additional information regarding accounting changes relating to ) Tj ET Q q 0 0 0 rg BT 450.52 403.25 Td (ASU 2017-07, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.45 Td (Compensation-Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.65 Td (Postretirement Benefit Cost.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 361.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 348.05 Td (The following table shows the plans) Tj ET Q q 0 0 0 rg BT 254.88 348.05 Td ( changes in the benefit obligations and funded status for the years ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.25 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 72.50 334.25 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 94.85 334.25 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 117.85 334.25 Td ( \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 297.75 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 297.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 297.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 297.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 297.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 297.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 297.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 297.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 268.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 268.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 268.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 268.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 268.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 268.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 268.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 268.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 238.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 238.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 238.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 238.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 238.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 238.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 238.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 238.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 208.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 208.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 208.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 208.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 208.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 208.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 208.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 208.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 179.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 179.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 179.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 179.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 179.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 179.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 179.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 179.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 149.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 149.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 149.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 149.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 149.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 149.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 149.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 149.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 119.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 119.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 119.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 119.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 119.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 119.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 119.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 119.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 310.75 m 355 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 310.75 m 359 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 310.75 m 424 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 310.75 m 493 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 310.75 m 562 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 310.75 m 355 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 297.75 m 355 297.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 310.75 m 359 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 310.75 m 424 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 297.75 m 424 297.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 310.75 m 493 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 297.75 m 493 297.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 310.75 m 497 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 310.75 m 562 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 297.75 m 562 297.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 208.75 m 355 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 208.75 m 424 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 208.75 m 493 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 208.75 m 562 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 193.75 m 355 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 193.75 m 424 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 193.75 m 493 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 193.75 m 562 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 119.75 m 355 119.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 119.75 m 424 119.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 119.75 m 493 119.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 119.75 m 562 119.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 104.75 m 355 104.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 104.75 m 424 104.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 104.75 m 493 104.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 104.75 m 562 104.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 104.75 m 355 104.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 90.75 m 355 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 88.75 m 355 88.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 104.75 m 424 104.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 90.75 m 424 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 88.75 m 424 88.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 104.75 m 493 104.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 90.75 m 493 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 88.75 m 493 88.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 104.75 m 562 104.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 90.75 m 562 90.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 88.75 m 562 88.75 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 313.47 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.15 314.98 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.55 314.98 Td (Other) Tj ET Q q 0 0 0 rg BT 489.92 314.98 Td (Benefits) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 300.47 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 301.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.00 301.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 301.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 301.98 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 288.48 Td (Change in Benefit Obligation) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 286.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 286.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 286.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 286.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 274.32 Td (Benefit obligation at January1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 273.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 273.42 Td (3,204,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 273.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 273.42 Td (3,033,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 273.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 273.42 Td (716,445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 273.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 273.42 Td (647,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 259.32 Td (Service cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 258.42 Td (54,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 258.42 Td (53,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 258.42 Td (17,1) Tj ET Q q 0 0 0 rg BT 479.15 258.42 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 258.42 Td (14,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 244.32 Td (Interest cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 243.42 Td (129,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 243.42 Td (131,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 243.42 Td (29,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 243.42 Td (29,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 228.42 Td (Benefit payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.30 228.47 Td (\(166,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 228.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 228.47 Td (\(142,247) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 228.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 228.47 Td (\(30,144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 228.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 228.47 Td (\(26,231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 228.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 214.32 Td (Actuarial loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 213.42 Td (171,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 213.42 Td (127,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 213.42 Td (20,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 213.42 Td (50,942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 198.42 Td (Benefit obligation at December31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 198.42 Td (3,394,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 198.42 Td (3,204,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 198.42 Td (753,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 198.42 Td (716,445) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 184.43 Td (Change in Plan ) Tj ET Q q 0 0 0 rg BT 120.02 184.43 Td (Assets) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 182.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 182.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 182.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 182.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 169.42 Td (Fair value of plan assets at January1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 169.42 Td (2,675,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 169.42 Td (2,542,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 169.42 Td (882,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 169.42 Td (833,017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 155.32 Td (Actual return on plan assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 154.42 Td (428,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 154.42 Td (166,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 154.42 Td (139,367) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 154.42 Td (63,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 140.32 Td (Employer contributions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 139.42 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 139.42 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 139.42 Td (353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 139.42 Td (819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 125.32 Td (Benefit payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.30 124.47 Td (\(146,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 124.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 124.47 Td (\(133,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 124.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 124.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 124.47 Td (\(14,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 124.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 109.42 Td (Fair value of plan assets at December31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 109.42 Td (3,057,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 109.42 Td (2,675,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 109.42 Td (1,022,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 109.42 Td (882,651) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.50 95.48 Td (Funded Status at December) Tj ET Q q 0 0 0 rg BT 176.92 95.48 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 94.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.30 94.47 Td (\(337,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 94.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 94.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 94.47 Td (\(529,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 94.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 94.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 94.42 Td (268,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 94.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 94.42 Td (166,206) Tj ET Q BT /F1 11.50 Tf ET endstream endobj 279 0 obj <>] /Rotate 0 /Contents 280 0 R>> endobj 280 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (135) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (The following table shows the projected benefit obligation and the accumulated benefit obligation for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (pension plans with an accumulated obligation in excess of plan assets as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 397.30 707.25 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 487.67 707.25 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 510.03 707.25 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 533.03 707.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (\(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 669.95 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 669.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 669.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 669.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 639.95 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 639.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 639.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 639.95 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 669.95 m 493 669.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 669.95 m 562 669.95 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 672.67 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 674.18 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 674.18 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 660.52 Td (Projected benefit obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 659.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 659.62 Td (3,394,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 659.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 659.62 Td (3,204,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 645.52 Td (Accumulated benefit obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 644.62 Td (3,227,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 644.62 Td (3,049,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 630.52 Td (Fair value of plan assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 629.62 Td (3,057,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 629.62 Td (2,675,357) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 611.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 597.85 Td (The following table shows the amounts recognized on the Consolidated Balance Sheets as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 584.05 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 139.87 584.05 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 162.23 584.05 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 185.23 584.05 Td ( \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 547.55 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 547.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 547.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 547.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 547.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 547.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 547.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 547.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 517.55 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 517.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 517.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 517.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 517.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 517.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 517.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 517.55 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 560.55 m 355 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 560.55 m 359 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 560.55 m 424 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 560.55 m 493 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 560.55 m 497 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 560.55 m 562 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 560.55 m 355 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 547.55 m 355 547.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 560.55 m 359 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 560.55 m 424 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 547.55 m 424 547.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 560.55 m 493 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 547.55 m 493 547.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 560.55 m 497 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 560.55 m 562 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 547.55 m 562 547.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 547.55 m 355 547.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 547.55 m 424 547.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 547.55 m 493 547.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 547.55 m 562 547.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 502.55 m 355 502.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 502.55 m 424 502.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 502.55 m 493 502.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 502.55 m 562 502.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 502.55 m 355 502.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 488.55 m 355 488.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 486.55 m 355 486.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 502.55 m 424 502.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 488.55 m 424 488.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 486.55 m 424 486.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 502.55 m 493 502.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 488.55 m 493 488.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 486.55 m 493 486.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 502.55 m 562 502.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 488.55 m 562 488.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 486.55 m 562 486.55 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 563.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.15 564.78 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.55 564.78 Td (Other) Tj ET Q q 0 0 0 rg BT 489.92 564.78 Td (Benefits) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 550.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 551.78 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.00 551.78 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 551.78 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 551.78 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 538.12 Td (Noncurrent asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 537.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 537.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 537.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 537.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 537.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 537.22 Td (268,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 537.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 537.22 Td (166,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 523.12 Td (Current liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.30 522.27 Td (\(9,859) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 522.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 522.27 Td (\(19,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 522.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 522.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 522.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 508.12 Td (Noncurrent liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.30 507.27 Td (\(327,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 507.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 507.27 Td (\(509,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 507.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 507.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 507.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 492.22 Td (Net amount recognized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 492.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.30 492.27 Td (\(337,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 492.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 492.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 492.27 Td (\(529,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 492.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 492.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 492.22 Td (268,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 492.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 492.22 Td (166,206) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 474.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 460.45 Td (The following table shows the details related to accumulated other comprehensive loss as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 446.65 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 139.87 446.65 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 162.23 446.65 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 185.23 446.65 Td ( \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 410.15 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 410.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 410.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 410.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 410.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 410.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 410.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 410.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 380.15 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 380.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 380.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 380.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 380.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 380.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 380.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 380.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 350.15 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 350.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 350.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 350.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 350.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 350.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 350.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 350.15 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 423.15 m 355 423.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 423.15 m 359 423.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 423.15 m 424 423.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 423.15 m 493 423.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 423.15 m 497 423.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 423.15 m 562 423.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 423.15 m 355 423.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 410.15 m 355 410.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 423.15 m 359 423.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 423.15 m 424 423.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 410.15 m 424 410.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 423.15 m 493 423.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 410.15 m 493 410.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 423.15 m 497 423.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 423.15 m 562 423.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 410.15 m 562 410.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 410.15 m 355 410.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 410.15 m 424 410.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 410.15 m 493 410.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 410.15 m 562 410.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 350.15 m 355 350.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 350.15 m 424 350.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 350.15 m 493 350.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 350.15 m 562 350.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 350.15 m 355 350.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 336.15 m 355 336.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 334.15 m 355 334.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 350.15 m 424 350.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 336.15 m 424 336.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 334.15 m 424 334.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 350.15 m 493 350.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 336.15 m 493 336.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 334.15 m 493 334.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 350.15 m 562 350.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 336.15 m 562 336.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 334.15 m 562 334.15 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 425.87 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.15 427.38 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.55 427.38 Td (Other) Tj ET Q q 0 0 0 rg BT 489.92 427.38 Td (Benefits) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 412.87 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 414.38 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.00 414.38 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 414.38 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 414.38 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 400.72 Td (Net actuarial loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 399.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 399.82 Td (643,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 399.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 399.82 Td (773,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 399.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 399.82 Td (75,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 399.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 399.82 Td (146,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 385.72 Td (Prior service cost \(credit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 384.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 384.82 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 384.87 Td (\(265,575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 384.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 384.87 Td (\(303,417) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 384.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 370.72 Td (APS) Tj ET Q q 0 0 0 rg BT 73.90 370.72 Td (s portion recorded as a regulatory \(asset\) liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.30 369.87 Td (\(576,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 369.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 369.87 Td (\(71) Tj ET Q q 0 0 0 rg BT 397.63 369.87 Td (1,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 369.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 369.82 Td (189,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 369.82 Td (156,575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 355.72 Td (Income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.30 354.87 Td (\(24,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 354.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 354.87 Td (\(24,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 354.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 354.82 Td (853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 354.82 Td (833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 340.72 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 339.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 339.82 Td (42,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 339.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 339.82 Td (38,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 339.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 339.82 Td (344) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 339.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 339.82 Td (500) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 321.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 308.05 Td (The following table shows the estimated amounts that will be amortized from accumulated other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 294.25 Td (comprehensive loss and regulatory assets and liabilities into net periodic benefit cost in 2018 \(dollars in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 280.45 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 249.95 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 249.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 249.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 249.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 221.95 378.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 221.95 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 221.95 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 221.95 65.00 -24.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 249.95000000000005 m 493 249.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 249.95000000000005 m 562 249.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 249.95000000000005 m 493 249.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 249.95000000000005 m 562 249.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 221.95000000000005 m 493 221.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 221.95000000000005 m 562 221.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 221.95000000000005 m 493 221.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 198.95000000000005 m 493 198.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 196.95000000000005 m 493 196.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 221.95000000000005 m 562 221.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 198.95000000000005 m 562 198.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 196.95000000000005 m 562 196.95000000000005 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 252.67 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.65 254.18 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.85 262.03 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.20 254.03 Td (Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 240.52 Td (Net actuarial loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 240.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 240.52 Td (28,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 240.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 240.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 226.52 Td (Prior service credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 226.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 226.57 Td (\(37,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 226.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 212.52 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 212.52 Td (otal amounts estimated to be amortized from accumulated other comprehensive loss \(gain\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 202.52 Td (and regulatory assets \(liabilities\) in 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 202.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 202.62 Td (28,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 202.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 202.67 Td (\(37,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 202.62 Td (\)) Tj ET Q BT /F1 11.50 Tf ET endstream endobj 281 0 obj <>] /Rotate 0 /Contents 282 0 R>> endobj 282 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (136) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (The following table shows the weighted-average assumptions used for both the pension and other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (benefits to determine benefit obligations and net periodic benefit costs:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 664.75 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 664.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 664.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 664.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 664.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 664.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 664.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 664.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 664.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 664.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 634.75 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 634.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 634.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 634.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 634.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 634.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 634.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 634.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 634.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 634.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 604.75 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 604.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 604.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 604.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 604.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 604.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 604.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 604.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 604.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 604.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 574.75 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 574.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 574.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 574.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 574.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 574.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 574.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 574.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 574.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 574.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 544.75 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 544.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 544.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 544.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 544.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 544.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 544.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 544.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 544.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 544.75 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 676.75 m 364 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 676.75 m 368 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 676.75 m 414 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 676.75 m 463 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 676.75 m 467 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 676.75 m 513 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 676.75 m 517 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 676.75 m 563 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 676.75 m 364 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 664.75 m 364 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 676.75 m 368 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 676.75 m 414 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 664.75 m 414 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 676.75 m 463 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 664.75 m 463 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 676.75 m 467 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 676.75 m 513 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 664.75 m 513 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 676.75 m 517 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 664.75 m 517 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 676.75 m 563 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 664.75 m 563 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 664.75 m 463 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 664.75 m 513 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 664.75 m 517 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 664.75 m 563 664.75 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 679.47 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.45 688.83 Td (BenefitObligations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.45 680.83 Td (AsofDecember) Tj ET Q q 0 0 0 rg BT 386.50 680.83 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.40 688.83 Td (BenefitCosts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.75 680.83 Td (For) Tj ET Q q 0 0 0 rg BT 443.04 680.83 Td (the) Tj ET Q q 0 0 0 rg BT 457.41 680.83 Td (Y) Tj ET Q q 0 0 0 rg BT 462.30 680.83 Td (earsEndedDecember) Tj ET Q q 0 0 0 rg BT 537.25 680.83 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 667.47 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.50 668.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 668.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 668.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.50 668.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.50 668.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 655.32 Td (Discount rate pension) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 654.42 Td (3.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 654.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 654.42 Td (4.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 654.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 654.42 Td (4.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 654.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 654.42 Td (4.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 654.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 654.42 Td (4.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 654.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 640.32 Td (Discount rate other benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 639.42 Td (3.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 639.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 639.42 Td (4.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 639.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 639.42 Td (4.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 639.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 639.42 Td (4.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 639.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 639.42 Td (4.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 639.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 625.32 Td (Rate of compensation increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 624.42 Td (4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 624.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 624.42 Td (4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 624.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 624.42 Td (4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 624.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 624.42 Td (4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 624.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 624.42 Td (4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 624.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 610.32 Td (Expected long-term return on plan assets - pension) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.80 609.42 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 609.42 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 609.42 Td (6.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 609.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 609.42 Td (6.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 609.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 609.42 Td (6.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 609.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 595.32 Td (Expected long-term return on plan assets - other benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.80 594.42 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 594.42 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 594.42 Td (6.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 594.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 594.42 Td (4.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 594.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 594.42 Td (4.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 594.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 580.32 Td (Initial healthcare cost trend rate \(pre-65 participants\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 579.42 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 579.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 579.42 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 579.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 579.42 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 579.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 579.42 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 579.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 579.42 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 579.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 565.32 Td (Initial healthcare cost trend rate \(post-65 participants\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 564.42 Td (4.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 564.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 564.42 Td (5.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 564.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 564.42 Td (5.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 564.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 564.42 Td (5.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 564.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 564.42 Td (5.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 564.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 550.32 Td (Ultimate healthcare cost trend rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 549.42 Td (4.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 549.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 549.42 Td (5.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 549.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 549.42 Td (5.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 549.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 549.42 Td (5.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 549.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 549.42 Td (5.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 549.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 535.32 Td (Number of years to ultimate trend rate \(pre-65 participants\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.50 534.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.50 534.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.50 534.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 534.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.50 534.42 Td (4) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 516.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 502.65 Td (In selecting the pretax expected long-term rate of return on plan assets, we consider past performance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 488.85 Td (and economic forecasts for the types of investments held by the plan. For 2018, we are assuming a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 508.43 488.85 Td (6.05%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 538.14 488.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 475.05 Td (long-term rate of return for pension assets and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 264.74 475.05 Td (5.55%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 294.45 475.05 Td ( \(before tax\) for other benefit assets, which we believe is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (reasonable given our asset allocation in relation to historical and expected performance.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 433.65 Td (In selecting our healthcare trend rates, we consider past performance and forecasts of healthcare costs. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 419.85 Td (A) Tj ET Q q 0 0 0 rg BT 57.17 419.85 Td ( one percentage point change in the assumed initial and ultimate healthcare cost trend rates would have the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 406.05 Td (following ef) Tj ET Q q 0 0 0 rg BT 105.82 406.05 Td (fects on our December 31, 2017 amounts \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 383.55 379.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 383.55 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 383.55 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 383.55 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 335.55 379.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 335.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 335.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 335.55 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 383.55 m 494 383.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 383.55 m 563 383.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 383.55 m 494 383.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 383.55 m 563 383.55 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 386.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.60 387.63 Td (1%Incr) Tj ET Q q 0 0 0 rg BT 468.19 387.63 Td (ease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.75 387.63 Td (1%Decr) Tj ET Q q 0 0 0 rg BT 538.04 387.63 Td (ease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 374.12 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.85 374.12 Td (fect on other postretirement benefits expense, after consideration of amounts capitalized or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 364.12 Td (billed to electric plant participants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 364.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 364.22 Td (8,424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 364.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 364.27 Td (\(5,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 364.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 350.12 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.76 350.12 Td (fect on service and interest cost components of net periodic other postretirement benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.00 340.12 Td (costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 340.22 Td (9,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 340.27 Td (\(7,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 340.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 326.12 Td (Ef) Tj ET Q q 0 0 0 rg BT 61.76 326.12 Td (fect on the accumulated other postretirement benefit obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 326.12 Td (128,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 326.17 Td (\(98,143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 326.12 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 308.25 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 294.45 Td (Plan ) Tj ET Q q 0 0 0 rg BT 74.11 294.45 Td (Assets) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 280.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 266.85 Td (The Board of Directors has delegated oversight of the pension and other postretirement benefit plans) Tj ET Q q 0 0 0 rg BT 551.54 266.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 253.05 Td (assets to an Investment Management Committee \(Committee\). ) Tj ET Q q 0 0 0 rg BT 353.01 253.05 Td (The Committee has adopted investment ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 239.25 Td (policy statements \(IPS\) for the pension and the other postretirement benefit plans) Tj ET Q q 0 0 0 rg BT 436.03 239.25 Td ( assets. ) Tj ET Q q 0 0 0 rg BT 474.15 239.25 Td (The investment ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 225.45 Td (strategies for these plans include external management of plan assets, and prohibition of investments in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 211.65 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.77 211.65 Td (W) Tj ET Q q 0 0 0 rg BT 101.70 211.65 Td (est securities.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 197.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 184.05 Td (The overall strategy of the pension plan) Tj ET Q q 0 0 0 rg BT 271.36 184.05 Td (s IPS is to achieve an adequate level of trust assets relative to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 170.25 Td (the benefit obligations. ) Tj ET Q q 0 0 0 rg BT 160.76 170.25 Td (T) Tj ET Q q 0 0 0 rg BT 166.98 170.25 Td (o achieve this objective, the plan) Tj ET Q q 0 0 0 rg BT 320.90 170.25 Td (s investment policy provides for mixes of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 156.45 Td (investments including long-term fixed income assets and return-generating assets. ) Tj ET Q q 0 0 0 rg BT 432.22 156.45 Td (The tar) Tj ET Q q 0 0 0 rg BT 464.89 156.45 Td (get allocation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 142.65 Td (between return-generating and long-term fixed income assets is defined in the IPS and is a function of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 128.85 Td (plan) Tj ET Q q 0 0 0 rg BT 72.50 128.85 Td (s funded status. ) Tj ET Q q 0 0 0 rg BT 149.27 128.85 Td (The plan) Tj ET Q q 0 0 0 rg BT 193.02 128.85 Td (s funded status is reviewed on at least a monthly basis.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 115.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 101.25 Td (Changes in the value of long-term fixed income assets, also known as liability-hedging assets, are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 87.45 Td (intended to of) Tj ET Q q 0 0 0 rg BT 113.17 87.45 Td (fset changes in the benefit obligations due to changes in interest rates. Long-term fixed income ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 73.65 Td (assets consist primarily of fixed income debt securities issued by the U.S. ) Tj ET Q q 0 0 0 rg BT 390.41 73.65 Td (T) Tj ET Q q 0 0 0 rg BT 397.03 73.65 Td (reasury and other government ) Tj ET Q endstream endobj 283 0 obj <>] /Rotate 0 /Contents 284 0 R>> endobj 284 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (137) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (agencies, U.S. ) Tj ET Q q 0 0 0 rg BT 117.96 721.05 Td (T) Tj ET Q q 0 0 0 rg BT 124.58 721.05 Td (reasury Futures Contracts, and fixed income debt securities issued by corporations. Long-term ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (fixed income assets may also include interest rate swaps, and other instruments.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 679.65 Td (Return-generating assets are intended to provide a reasonable long-term rate of investment return with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (a prudent level of volatility) Tj ET Q q 0 0 0 rg BT 173.94 665.85 Td (. Return-generating assets are composed of U.S. equities, international equities, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (alternative investments. International equities include investments in both developed and emer) Tj ET Q q 0 0 0 rg BT 486.82 652.05 Td (ging markets. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (Alternative investments include investments in real estate, private equity and various other strategies. ) Tj ET Q q 0 0 0 rg BT 521.31 638.25 Td (The plan ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (may also hold investments in return-generating assets by holding securities in partnerships, common and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (collective trusts and mutual funds.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 583.05 Td (Based on the IPS, and given the pension plan's funded status at year) Tj ET Q q 0 0 0 rg BT 397.47 583.05 Td (-end 2017, the tar) Tj ET Q q 0 0 0 rg BT 478.37 583.05 Td (get and actual ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (allocation for the pension plan at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 203.43 569.25 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 293.80 569.25 Td ( are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 524.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 524.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 524.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 524.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 494.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 494.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 494.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 494.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 545.75 m 493 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 545.75 m 497 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 545.75 m 562 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 524.75 m 493 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 524.75 m 562 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 524.75 m 493 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 524.75 m 562 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 494.75 m 493 494.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 480.75 m 493 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 478.75 m 493 478.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 494.75 m 562 494.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 480.75 m 562 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 478.75 m 562 478.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.15 549.98 Td (Pension) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 527.47 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.80 536.98 Td (T) Tj ET Q q 0 0 0 rg BT 453.77 536.98 Td (arget) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.40 528.98 Td (Allocation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.65 536.98 Td (Actual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.40 528.98 Td (Allocation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 515.32 Td (Long-term fixed income assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 514.42 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 514.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 514.42 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 514.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 500.32 Td (Return-generating assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 499.42 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 499.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 499.42 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 499.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 485.32 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 485.32 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 484.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 484.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 484.42 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 484.42 Td (%) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 466.45 Td (The permissible range is within +/- 3% of the tar) Tj ET Q q 0 0 0 rg BT 273.27 466.45 Td (get allocation shown in the above table, and also considers the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 452.65 Td (Plan's funded status.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 425.05 Td (The following table presents the additional tar) Tj ET Q q 0 0 0 rg BT 297.35 425.05 Td (get allocations, as a percent of total pension plan assets, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 411.25 Td (for the return-generating assets:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 379.75 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 379.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 349.75 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 349.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 379.75 m 562 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 379.75 m 562 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 334.75 m 562 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 320.75 m 562 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 318.75 m 562 318.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 384.43 Td (Asset Class) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.80 391.98 Td (T) Tj ET Q q 0 0 0 rg BT 522.40 391.98 Td (arget) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.40 383.98 Td (Allocation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 370.32 Td (Equities in US and other developed markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 369.42 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 369.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 355.32 Td (Equities in emer) Tj ET Q q 0 0 0 rg BT 117.95 355.32 Td (ging markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 354.42 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 354.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 340.32 Td (Alternative investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 339.42 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 339.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 325.32 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 325.32 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 324.42 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 324.42 Td (%) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 292.65 Td (The pension plan IPS does not provide for a specific mix of long-term fixed income assets, but does ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 278.85 Td (expect the average credit quality of such assets to be investment grade. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 251.25 Td (As of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 113.61 251.25 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 203.98 251.25 Td (, the asset allocation for other postretirement benefit plan assets is governed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 237.45 Td (by the IPS for those plans, which provides for dif) Tj ET Q q 0 0 0 rg BT 276.07 237.45 Td (ferent asset allocation tar) Tj ET Q q 0 0 0 rg BT 391.13 237.45 Td (get mixes depending on the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 223.65 Td (characteristics of the liability) Tj ET Q q 0 0 0 rg BT 182.55 223.65 Td (. Some of these asset allocation tar) Tj ET Q q 0 0 0 rg BT 344.58 223.65 Td (get mixes vary with the plan) Tj ET Q q 0 0 0 rg BT 478.40 223.65 Td (s funded ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 209.85 Td (status.) Tj ET Q q 0 0 0 rg BT 81.24 209.85 Td (The following table presents the actual allocations of the investment for the other postretirement benefit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.05 Td (plan at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 83.35 196.05 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 173.72 196.05 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 143.55 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 143.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 113.55 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 113.55 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 164.54999999999995 m 562 164.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 143.54999999999995 m 562 143.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 143.54999999999995 m 562 143.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 113.54999999999995 m 562 113.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 99.54999999999995 m 562 99.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 97.54999999999995 m 562 97.54999999999995 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.05 168.78 Td (Other) Tj ET Q q 0 0 0 rg BT 524.42 168.78 Td ( Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.65 155.78 Td (Actual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.40 147.78 Td (Allocation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 134.12 Td (Long-term fixed income assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 133.22 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 133.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 119.12 Td (Return-generating assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 118.22 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 118.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 104.12 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 104.12 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 103.22 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 103.22 Td (%) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 85.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 71.45 Td (See Note 13 for a discussion on the fair value hierarchy and how fair value methodologies are applied. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 57.65 Td (The plans invest directly in fixed income, U.S. ) Tj ET Q q 0 0 0 rg BT 266.79 57.65 Td (T) Tj ET Q q 0 0 0 rg BT 273.41 57.65 Td (reasury Futures Contracts, and equity securities, in addition to ) Tj ET Q endstream endobj 285 0 obj <>] /Rotate 0 /Contents 286 0 R>> endobj 286 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (138) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (investing indirectly in fixed income securities, equity securities and real estate through the use of mutual funds, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (partnerships and common and collective trusts. Equity securities held directly by the plans are valued using ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (quoted active market prices from the published exchange on which the equity security trades, and are classified ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (as Level 1. U.S. ) Tj ET Q q 0 0 0 rg BT 128.50 679.65 Td (T) Tj ET Q q 0 0 0 rg BT 135.12 679.65 Td (reasury Future Contracts are valued using the quoted active market prices from the exchange ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (on which they trade, and are classified as Level 1. Fixed income securities issued by the U.S. ) Tj ET Q q 0 0 0 rg BT 482.99 665.85 Td (T) Tj ET Q q 0 0 0 rg BT 489.61 665.85 Td (reasury held ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (directly by the plans are valued using quoted active market prices, and are classified as Level 1. Fixed income ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (securities issued by corporations, municipalities, and other agencies are primarily valued using quoted inactive ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (market prices, or quoted active market prices for similar securities, or by utilizing calculations which ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (incorporate observable inputs such as yield, maturity and credit quality) Tj ET Q q 0 0 0 rg BT 375.14 610.65 Td (. ) Tj ET Q q 0 0 0 rg BT 383.56 610.65 Td (These instruments are classified as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (Level 2.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 583.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 569.25 Td (Mutual funds, partnerships, and common and collective trusts are valued utilizing a net asset value ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (\(NA) Tj ET Q q 0 0 0 rg BT 68.46 555.45 Td (V\) concept or its equivalent. Mutual funds, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 272.22 555.45 Td (which includes exchange traded funds \(ETFs\), are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 495.81 555.45 Td (classified as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (Level 1 and valued using a NA) Tj ET Q q 0 0 0 rg BT 191.09 541.65 Td (V) Tj ET Q q 0 0 0 rg BT 199.19 541.65 Td ( that is observable and based on the active market in which the fund trades.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 514.05 Td ( Common and collective trusts are maintained by banks or investment companies and hold certain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (investments in accordance with a stated set of objectives \(such as tracking the performance of the S&P) Tj ET Q q 0 0 0 rg BT 521.71 500.25 Td ( 500 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td (Index\). ) Tj ET Q q 0 0 0 rg BT 87.93 486.45 Td (The trust's shares are of) Tj ET Q q 0 0 0 rg BT 196.45 486.45 Td (fered to a limited group of investors, and are not traded in an active market. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.65 Td (Investments in common and collective trusts are valued using NA) Tj ET Q q 0 0 0 rg BT 351.11 472.65 Td (V) Tj ET Q q 0 0 0 rg BT 359.21 472.65 Td ( as a practical expedient and, accordingly) Tj ET Q q 0 0 0 rg BT 548.44 472.65 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.85 Td (are not classified in the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 248.32 458.85 Td (. ) Tj ET Q q 0 0 0 rg BT 256.74 458.85 Td (The NA) Tj ET Q q 0 0 0 rg BT 292.62 458.85 Td (V) Tj ET Q q 0 0 0 rg BT 300.72 458.85 Td ( for trusts investing in exchange traded equities, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.05 Td (fixed income securities is derived from the market prices of the underlying securities held by the trusts. ) Tj ET Q q 0 0 0 rg BT 527.05 445.05 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (NA) Tj ET Q q 0 0 0 rg BT 64.63 431.25 Td (V) Tj ET Q q 0 0 0 rg BT 72.73 431.25 Td ( for trusts investing in real estate is derived from the appraised values of the trust's underlying real estate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.45 Td (assets. ) Tj ET Q q 0 0 0 rg BT 84.32 417.45 Td (As of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 112.43 417.45 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 202.81 417.45 Td (, the plans were able to transact in the common and collective trusts at NA) Tj ET Q q 0 0 0 rg BT 543.35 417.45 Td (V) Tj ET Q q 0 0 0 rg BT 550.17 417.45 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 389.85 Td (Investments in partnerships are also valued using the concept of NA) Tj ET Q q 0 0 0 rg BT 397.64 389.85 Td (V) Tj ET Q q 0 0 0 rg BT 405.73 389.85 Td ( as a practical expedient and, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.05 Td (accordingly) Tj ET Q q 0 0 0 rg BT 103.04 376.05 Td (, are not classified in the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 307.61 376.05 Td (. ) Tj ET Q q 0 0 0 rg BT 316.02 376.05 Td (The NA) Tj ET Q q 0 0 0 rg BT 351.91 376.05 Td (V) Tj ET Q q 0 0 0 rg BT 360.00 376.05 Td ( for these investments is derived from the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (value of the partnerships' underlying assets. ) Tj ET Q q 0 0 0 rg BT 255.76 362.25 Td (The plan's partnerships holdings relate to investments in high-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.45 Td (yield fixed income instruments and assets of privately held portfolio companies. Certain partnerships also ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.65 Td (include funding commitments that may require the plan to contribute up to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 395.70 334.65 Td ($75 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 449.06 334.65 Td ( to these partnerships; as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.85 Td (of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 61.95 320.85 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 152.33 320.85 Td (, approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 227.38 320.85 Td ($58 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 280.73 320.85 Td ( of these commitments have been funded. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 307.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 293.25 Td (The plans) Tj ET Q q 0 0 0 rg BT 133.51 293.25 Td ( trustee provides valuation of our plan assets by using pricing services that utilize ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.45 Td (methodologies described to determine fair market value. ) Tj ET Q q 0 0 0 rg BT 314.66 279.45 Td (W) Tj ET Q q 0 0 0 rg BT 324.60 279.45 Td (e have internal control procedures to ensure this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.65 Td (information is consistent with fair value accounting guidance. ) Tj ET Q q 0 0 0 rg BT 339.28 265.65 Td (These procedures include assessing valuations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.85 Td (using an independent pricing source, verifying that pricing can be supported by actual recent market ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.05 Td (transactions, assessing hierarchy classifications, comparing investment returns with benchmarks, and obtaining ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (and reviewing independent audit reports on the trustee) Tj ET Q q 0 0 0 rg BT 302.75 224.25 Td (s internal operating controls and valuation processes.) Tj ET Q endstream endobj 287 0 obj <>] /Rotate 0 /Contents 288 0 R>> endobj 288 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (139) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (The fair value of Pinnacle ) Tj ET Q q 0 0 0 rg BT 207.59 721.05 Td (W) Tj ET Q q 0 0 0 rg BT 217.52 721.05 Td (est) Tj ET Q q 0 0 0 rg BT 233.49 721.05 Td (s pension plan and other postretirement benefit plan assets at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 139.87 707.25 Td (, by asset category) Tj ET Q q 0 0 0 rg BT 224.07 707.25 Td (, are as follows \(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 622.95 215.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 622.95 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 622.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 622.95 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 622.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 622.95 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 622.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 622.95 88.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 594.95 215.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 594.95 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 594.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 594.95 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 594.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 594.95 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 594.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 594.95 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 565.95 215.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 565.95 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 565.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 565.95 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 565.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 565.95 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 565.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 565.95 88.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 537.95 215.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 537.95 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 537.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 537.95 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 537.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 537.95 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 537.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 537.95 88.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 509.95 215.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 509.95 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 509.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 509.95 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 509.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 509.95 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 509.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 509.95 88.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 481.95 215.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 481.95 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 481.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 481.95 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 481.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 481.95 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 481.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 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0.9333333333333333 1 rg /GS0 gs 401.00 282.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 282.95 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 282.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 282.95 88.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 254.95 215.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 254.95 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 254.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 254.95 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 254.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 254.95 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 254.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 254.95 88.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 622.95 m 331 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 622.95 m 335 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 622.95 m 401 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 622.95 m 405 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 622.95 m 471 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 622.95 m 563 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 622.95 m 331 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 622.95 m 335 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 622.95 m 401 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 622.95 m 405 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 622.95 m 471 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 622.95 m 563 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 422.95000000000005 m 331 422.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 408.95000000000005 m 331 408.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 406.95000000000005 m 331 406.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 422.95000000000005 m 401 422.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 408.95000000000005 m 401 408.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 406.95000000000005 m 401 406.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 422.95000000000005 m 471 422.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 408.95000000000005 m 471 408.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 406.95000000000005 m 471 406.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 422.95000000000005 m 563 422.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 408.95000000000005 m 563 408.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 406.95000000000005 m 563 406.95000000000005 l s 0 0 0 RG 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1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 224.95000000000005 m 471 224.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 239.95000000000005 m 563 239.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 226.95000000000005 m 563 226.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 224.95000000000005 m 563 224.95000000000005 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 625.67 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.35 667.18 Td (QuotedPrices) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.50 659.18 Td (in) Tj ET Q q 0 0 0 rg BT 290.73 659.18 Td (Active) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.00 651.18 Td (Marketsfor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.35 643.18 Td (Identical) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.80 635.18 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.50 627.18 Td (\(Level1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.05 659.18 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.35 651.18 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.90 643.18 Td (Observable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.35 635.18 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.50 627.18 Td (\(Level2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.65 627.18 Td (Other) Tj ET Q q 0 0 0 rg BT 442.02 627.18 Td ( \(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.35 635.18 Td (Balance at December) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.50 627.18 Td (31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 613.68 Td (Pension Plan:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 327.50 612.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 397.50 612.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 612.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 600.52 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.50 599.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 599.62 Td (3,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.50 599.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 599.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 599.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 599.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.50 599.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 599.62 Td (3,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 585.52 Td (Fixed income securities:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 327.50 582.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 397.50 582.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 582.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 570.52 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 570.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 570.52 Td (1,365,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 570.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 570.52 Td (1,365,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 556.52 Td (U.S. ) Tj ET Q 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Td (228,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 514.52 Td (Mutual funds \(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 514.52 Td (233,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 514.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 514.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 514.52 Td (233,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 500.52 Td (Common and collective trusts:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 486.52 Td ( Equities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 486.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 486.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 486.52 Td (408,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 486.52 Td (408,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 472.52 Td ( Real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 472.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 472.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 472.52 Td (171,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 472.52 Td (171,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 458.52 Td ( Fixed Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 457.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 457.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 457.62 Td (90,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 457.62 Td (90,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 443.52 Td (Partnerships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 442.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 442.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 442.62 Td (133,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 442.62 Td (133,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 428.52 Td (Short-term investments and other \(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 427.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 427.62 Td (1,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 427.62 Td (98,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 427.62 Td (99,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 413.52 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 413.52 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.50 412.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 412.62 Td (686,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.50 412.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 412.62 Td (1,467,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 412.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 412.62 Td (903,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.50 412.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 412.62 Td (3,057,027) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 398.68 Td (Other) Tj ET Q q 0 0 0 rg BT 77.87 398.68 Td ( Benefits:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 327.50 397.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 397.50 397.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 467.50 397.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 397.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 385.52 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.50 385.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 385.52 Td (143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.50 385.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 385.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 385.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 385.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.50 385.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 385.52 Td (143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 371.52 Td (Fixed income securities:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 327.50 369.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 397.50 369.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 369.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 357.52 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 357.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 357.52 Td (306,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 357.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 357.52 Td (306,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 343.52 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 78.69 343.52 Td (T) Tj ET Q q 0 0 0 rg BT 84.54 343.52 Td (reasury) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 343.52 Td (336,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 343.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 343.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 343.52 Td (336,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 329.52 Td (Other \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 329.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 329.52 Td (32,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 329.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 329.52 Td (32,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 315.52 Td (Common stock equities \(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 315.52 Td (196,153) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 315.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 315.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 315.52 Td (196,153) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 301.52 Td (Mutual funds \(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 301.52 Td (39,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 301.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 301.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 301.52 Td (39,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 287.52 Td (Common and collective trusts:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 327.50 285.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 397.50 285.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 287.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 273.52 Td ( Equities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 273.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 273.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 273.52 Td (75,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 273.52 Td (75,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 259.52 Td ( Real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.15 259.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 259.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 259.52 Td (15,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 259.52 Td (15,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 245.52 Td (Short-term investments and other \(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 244.62 Td (1) Tj ET Q q 0 0 0 rg BT 304.65 244.62 Td (1,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 244.62 Td (149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 244.62 Td (9,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 244.62 Td (20,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 230.52 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 230.52 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.50 230.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 230.52 Td (583,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.50 230.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 230.52 Td (338,665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 230.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 230.52 Td (99,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.50 230.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 230.52 Td (1,022,371) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 206.65 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 206.65 Td (These investments primarily represent assets valued using net asset value as a practical expedient, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 192.85 Td (and have not been classified in the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 354.05 192.85 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 179.05 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 179.05 Td (This category consists primarily of debt securities issued by municipalities.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 165.25 Td (\(c\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 165.25 Td (This category primarily consists of U.S. common stock equities.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 151.45 Td (\(d\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 151.45 Td (These funds invest in U.S. and international common stock equities. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 137.65 Td (\(e\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 137.65 Td (This category includes plan receivables and payables.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 96.25 Td () Tj ET Q endstream endobj 289 0 obj <>] /Rotate 0 /Contents 290 0 R>> endobj 290 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (140) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (The fair value of Pinnacle ) Tj ET Q q 0 0 0 rg BT 207.59 721.05 Td (W) Tj ET Q q 0 0 0 rg BT 217.52 721.05 Td (est) Tj ET Q q 0 0 0 rg BT 233.49 721.05 Td (s pension plan and other postretirement benefit plan assets at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (December31, 2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 139.87 707.25 Td (, by asset category) Tj ET Q q 0 0 0 rg BT 224.07 707.25 Td (, are as follows \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 636.75 231.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 636.75 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 636.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 636.75 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 636.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 636.75 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 636.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 636.75 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 609.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 609.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 609.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 609.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 609.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 609.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 609.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 609.75 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 581.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 581.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 581.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 581.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 581.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 581.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 581.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 581.75 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 553.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 553.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 553.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 553.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 553.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 553.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 553.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 553.75 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 525.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 525.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 525.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 525.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 525.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 525.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 525.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 525.75 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 497.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 497.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 497.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 497.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 497.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 497.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 497.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 497.75 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 469.75 231.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 469.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 469.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 469.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 469.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 469.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 469.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 469.75 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 439.75 231.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 439.75 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 439.75 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 439.75 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 439.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 439.75 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 412.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 412.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 412.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 412.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 412.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 412.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 412.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 412.75 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 384.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 384.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 384.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 384.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 384.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 384.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 384.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 384.75 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 356.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 356.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 356.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 356.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 356.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 356.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 356.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 356.75 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 328.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 328.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 328.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 328.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 328.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 328.75 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 300.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 300.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 300.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 300.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 300.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 300.75 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 272.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 272.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 272.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 272.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 272.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 272.75 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 272.75 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 272.75 83.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 636.75 m 343 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 636.75 m 409 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 636.75 m 475 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 636.75 m 480 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 636.75 m 563 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 636.75 m 343 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 636.75 m 409 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 636.75 m 480 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 636.75 m 563 636.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 454.75 m 563 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 454.75 m 343 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 440.75 m 343 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 438.75 m 343 438.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 454.75 m 409 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 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s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 245.75 m 409 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 243.75 m 409 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 258.75 m 475 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 245.75 m 475 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 243.75 m 475 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 258.75 m 563 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 245.75 m 563 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 243.75 m 563 243.75 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 639.47 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.35 680.98 Td (QuotedPrices) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.50 672.98 Td (in) Tj ET Q q 0 0 0 rg BT 304.73 672.98 Td (Active) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.00 664.98 Td (Marketsfor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.35 656.98 Td (Identical) Tj ET Q BT /F2 8.00 Tf ET 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586.32 Td (1,210,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 586.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 586.32 Td (1,210,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 572.32 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 78.69 572.32 Td (T) Tj ET Q q 0 0 0 rg BT 84.54 572.32 Td (reasury) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 572.32 Td (1) Tj ET Q q 0 0 0 rg BT 311.65 572.32 Td (12,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 572.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 572.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 572.32 Td (1) Tj ET Q q 0 0 0 rg BT 531.65 572.32 Td (12,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 558.32 Td (Other \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 558.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 558.32 Td (102,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 558.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 558.32 Td (102,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 544.32 Td (Common stock equities \(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 544.32 Td (235,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 544.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 544.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 544.32 Td (235,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 530.32 Td (Mutual funds \(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 530.32 Td (251,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 530.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 530.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 530.32 Td (251,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 516.32 Td (Common and collective trusts:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 502.32 Td ( Equities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 502.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 502.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 502.32 Td (266,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 502.32 Td (266,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 488.32 Td ( Real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 488.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 488.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 488.32 Td (161,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 488.32 Td (161,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 474.32 Td (Partnerships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 474.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 474.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 474.32 Td (208,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 474.32 Td (208,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 460.32 Td (Short-term investments and other \(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 459.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 459.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 459.42 Td (1) Tj ET Q q 0 0 0 rg BT 443.65 459.42 Td (12,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 459.42 Td (1) Tj ET Q q 0 0 0 rg BT 531.65 459.42 Td (12,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 445.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 445.32 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.50 444.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 444.42 Td (613,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 444.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 444.42 Td (1,312,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.50 444.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 444.42 Td (749,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 444.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 444.42 Td (2,675,357) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 430.48 Td (Other) Tj ET Q q 0 0 0 rg BT 77.87 430.48 Td ( Benefits:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 339.50 429.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 405.50 429.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 471.50 429.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 429.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 417.32 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.50 417.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 417.32 Td (304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 417.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 417.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.50 417.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 417.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 417.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 417.32 Td (304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 403.32 Td (Fixed income securities:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 339.50 401.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 405.50 401.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 401.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 389.32 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 389.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 389.32 Td (268,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 389.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 389.32 Td (268,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 375.32 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 78.69 375.32 Td (T) Tj ET Q q 0 0 0 rg BT 84.54 375.32 Td (reasury) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 375.32 Td (145,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 375.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 375.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 375.32 Td (145,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 361.32 Td (Other \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 361.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 361.32 Td (34,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 361.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 361.32 Td (34,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 347.32 Td (Common stock equities \(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 347.32 Td (243,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 347.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 347.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 347.32 Td (243,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 333.32 Td (Mutual funds \(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 333.32 Td (67,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 333.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 333.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 333.32 Td (67,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 319.32 Td (Common and collective trusts:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 305.32 Td ( Equities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 305.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 305.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 305.32 Td (95,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 305.32 Td (95,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 291.32 Td ( Real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 291.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 291.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 291.32 Td (14,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 291.32 Td (14,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 277.32 Td (Partnerships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 277.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 277.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 277.32 Td (3,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 277.32 Td (3,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 263.32 Td (Short-term investments and other \(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 263.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 263.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 263.32 Td (9,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 263.32 Td (9,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 249.32 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 249.32 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.50 249.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 249.32 Td (456,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 249.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 249.32 Td (302,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.50 249.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 249.32 Td (123,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 249.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 249.32 Td (882,651) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 225.45 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 225.45 Td (These investments primarily represent assets valued using net asset value as a practical expedient, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 211.65 Td (and have not been classified in the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 354.05 211.65 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 197.85 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 197.85 Td (This category consists primarily of debt securities issued by municipalities.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 184.05 Td (\(c\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 184.05 Td (This category primarily consists of U.S. common stock equities.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 170.25 Td (\(d\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 170.25 Td (These funds invest in U.S. and international common stock equities. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 156.45 Td (\(e\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 156.45 Td (This category includes plan receivables and payables.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 128.85 Td (Contributions) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 115.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 101.25 Td (Future year contribution amounts are dependent on plan asset performance and plan actuarial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 87.45 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 114.78 87.45 Td (W) Tj ET Q q 0 0 0 rg BT 124.72 87.45 Td (e made contributions to our pension plan totaling ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 353.40 87.45 Td ($100 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 412.51 87.45 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 427.20 87.45 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 450.20 87.45 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 455.95 87.45 Td ($100 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 515.05 87.45 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 529.75 87.45 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 552.75 87.45 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 73.65 Td (and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 68.98 73.65 Td ($100 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 128.08 73.65 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 142.78 73.65 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 165.78 73.65 Td (. ) Tj ET Q q 0 0 0 rg BT 174.19 73.65 Td (The minimum required contributions for the pension plan are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 458.75 73.65 Td (zero) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 478.54 73.65 Td ( for the next three ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 59.85 Td (years. ) Tj ET Q q 0 0 0 rg BT 82.18 59.85 Td (W) Tj ET Q q 0 0 0 rg BT 92.12 59.85 Td (e expect to make voluntary contributions up to a total of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 353.04 59.85 Td ($250 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 412.14 59.85 Td ( during the 2018-2020 period. ) Tj ET Q endstream endobj 291 0 obj <>] /Rotate 0 /Contents 292 0 R>> endobj 292 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (141) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (W) Tj ET Q q 0 0 0 rg BT 59.89 721.05 Td (ith regard to contributions to our other postretirement benefit plans, we made a contribution of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 118.80 707.25 Td ($1 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 166.40 707.25 Td ( in each of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 217.49 707.25 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 240.49 707.25 Td (, 2016 and 2015. ) Tj ET Q q 0 0 0 rg BT 323.01 707.25 Td (W) Tj ET Q q 0 0 0 rg BT 332.94 707.25 Td (e do not expect to make any contributions over ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (the next three years to our other postretirement benefit plans. ) Tj ET Q q 0 0 0 rg BT 335.00 693.45 Td (APS funds its share of the contributions. ) Tj ET Q q 0 0 0 rg BT 526.34 693.45 Td (APS) Tj ET Q q 0 0 0 rg BT 550.63 693.45 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (share of the pension plan contribution was approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 316.49 679.65 Td ($100 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 375.60 679.65 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 390.29 679.65 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 413.29 679.65 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.04 679.65 Td ($100 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 478.14 679.65 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 492.84 679.65 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 515.84 679.65 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 538.19 679.65 Td ($100 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 665.85 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 97.42 665.85 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 120.42 665.85 Td (. ) Tj ET Q q 0 0 0 rg BT 128.41 665.85 Td (APS) Tj ET Q q 0 0 0 rg BT 152.71 665.85 Td (s share of the contributions to the other postretirement benefit plan was approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td ($1 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 97.10 652.05 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 111.80 652.05 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 134.80 652.05 Td (, 2016 and 2015. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (Estimated Futur) Tj ET Q q 0 0 0 rg BT 130.75 624.45 Td (e Benefit Payments) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 596.85 Td (Benefit payments, which reflect estimated future employee service, for the next five years and the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (succeeding five years thereafter) Tj ET Q q 0 0 0 rg BT 194.94 583.05 Td (, are estimated to be as follows \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 560.55 389.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 560.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 560.55 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 560.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 560.55 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 532.55 389.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 532.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 532.55 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 532.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 532.55 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 504.55 389.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 504.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 504.55 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 504.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 504.55 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 560.55 m 439 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 560.55 m 501 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 560.55 m 563 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 560.55 m 439 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 560.55 m 501 560.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 560.55 m 563 560.55 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 564.63 Td (Y) Tj ET Q q 0 0 0 rg BT 57.39 564.63 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.15 564.63 Td (Pension) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.55 564.63 Td (Other) Tj ET Q q 0 0 0 rg BT 528.84 564.63 Td (Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 551.12 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 551.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 551.12 Td (175,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 551.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 551.12 Td (31,891) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 537.12 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 537.12 Td (181,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 537.12 Td (34,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 523.12 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 523.12 Td (191,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 523.12 Td (35,658) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 509.12 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 509.12 Td (196,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 509.12 Td (37,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 495.12 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 495.12 Td (201,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 495.12 Td (37,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 481.12 Td (Y) Tj ET Q q 0 0 0 rg BT 58.72 481.12 Td (ears 2023-2027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.10 481.12 Td (1,068,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 481.12 Td (191,207) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 463.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 449.45 Td (Electric plant participants contribute to the above amounts in accordance with their respective ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 435.65 Td (participation agreements.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 408.05 Td (Employee Savings Plan Benefits) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 394.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 380.45 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 380.45 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 380.45 Td (est sponsors a defined contribution savings plan for eligible employees of Pinnacle ) Tj ET Q q 0 0 0 rg BT 521.39 380.45 Td (W) Tj ET Q q 0 0 0 rg BT 531.32 380.45 Td (est ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 366.65 Td (and its subsidiaries. In 2017, costs related to ) Tj ET Q q 0 0 0 rg BT 258.07 366.65 Td (APS) Tj ET Q q 0 0 0 rg BT 282.36 366.65 Td (s employees represented ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 397.64 366.65 Td (99%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 418.72 366.65 Td ( of the total cost of this plan. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 352.85 Td (In a defined contribution savings plan, the benefits a participant receives result from regular contributions ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 339.05 Td (participants make to their own individual account, the Company) Tj ET Q q 0 0 0 rg BT 348.11 339.05 Td (s matching contributions and earnings or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 325.25 Td (losses on their investments. Under this plan, the Company matches a percentage of the participants) Tj ET Q q 0 0 0 rg BT 510.13 325.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 311.45 Td (contributions in cash which is then invested in the same investment mix as participants elect to invest their own ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 297.65 Td (future contributions. Pinnacle ) Tj ET Q q 0 0 0 rg BT 191.42 297.65 Td (W) Tj ET Q q 0 0 0 rg BT 201.35 297.65 Td (est recorded expenses for this plan of approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 444.69 297.65 Td ($10 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 498.04 297.65 Td ( for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 517.20 297.65 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 540.20 297.65 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 283.85 Td ($10 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 102.85 283.85 Td ( for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 122.01 283.85 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 145.01 283.85 Td (, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 170.24 283.85 Td ($9 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 217.84 283.85 Td ( for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 237.00 283.85 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 260.00 283.85 Td (.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 256.25 Td (8) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 55.25 256.25 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 256.25 Td (Leases) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 118.08 256.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 242.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 228.65 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 228.65 Td (e lease certain vehicles, land, buildings, equipment and miscellaneous other items through operating ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 214.85 Td (rental agreements with varying terms, provisions and expiration dates. See Note 2 for a discussion of the new ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 201.05 Td (lease accounting standard. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 187.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 173.45 Td (T) Tj ET Q q 0 0 0 rg BT 91.72 173.45 Td (otal lease expense recognized in the Consolidated Statements of Income was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 447.16 173.45 Td ($18 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.51 173.45 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 515.21 173.45 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 538.21 173.45 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 543.96 173.45 Td ($16 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 159.65 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 159.65 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 97.42 159.65 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 120.42 159.65 Td (, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 145.65 159.65 Td ($17 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 199.00 159.65 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 213.70 159.65 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 236.70 159.65 Td (. ) Tj ET Q q 0 0 0 rg BT 244.69 159.65 Td (APS) Tj ET Q q 0 0 0 rg BT 268.98 159.65 Td (s lease expense was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 362.87 159.65 Td ($17 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 416.22 159.65 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.91 159.65 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 453.91 159.65 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 459.66 159.65 Td ($15 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 513.01 159.65 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 527.71 159.65 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 550.71 159.65 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 145.85 Td (and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 68.98 145.85 Td ($14 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 122.33 145.85 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 137.03 145.85 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 160.03 145.85 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 132.05 Td () Tj ET Q endstream endobj 293 0 obj <>] /Rotate 0 /Contents 294 0 R>> endobj 294 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (142) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (Estimated future minimum lease payments for Pinnacle ) Tj ET Q q 0 0 0 rg BT 343.66 721.05 Td (W) Tj ET Q q 0 0 0 rg BT 353.60 721.05 Td (est) Tj ET Q q 0 0 0 rg BT 369.57 721.05 Td (s and ) Tj ET Q q 0 0 0 rg BT 395.76 721.05 Td (APS) Tj ET Q q 0 0 0 rg BT 420.06 721.05 Td (s operating leases, excluding ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (purchased power agreements, are approximately as follows \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 676.75 389.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 676.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 676.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 676.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 676.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 648.75 389.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 648.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 648.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 648.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 648.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 620.75 389.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 620.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 620.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 620.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 620.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 592.75 389.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 592.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 592.75 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 592.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 592.75 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 676.75 m 439 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 676.75 m 501 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 676.75 m 563 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 676.75 m 439 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 676.75 m 501 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 676.75 m 563 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 592.75 m 501 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 592.75 m 563 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 592.75 m 501 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 579.75 m 501 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 577.75 m 501 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 592.75 m 563 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 579.75 m 563 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 577.75 m 563 577.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 680.98 Td (Y) Tj ET Q q 0 0 0 rg BT 57.39 680.98 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.45 688.83 Td (Pinnacle) Tj ET Q q 0 0 0 rg BT 478.64 688.83 Td (W) Tj ET Q q 0 0 0 rg BT 486.20 688.83 Td (est) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.05 680.83 Td (Consolidated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.90 680.98 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 667.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 667.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 667.32 Td (13,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 667.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 667.32 Td (13,1) Tj ET Q q 0 0 0 rg BT 549.15 667.32 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 653.32 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 653.32 Td (1) Tj ET Q q 0 0 0 rg BT 474.65 653.32 Td (1,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 653.32 Td (10,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 639.32 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 639.32 Td (9,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 639.32 Td (9,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 625.32 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 625.32 Td (7,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 625.32 Td (6,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 611.32 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 611.32 Td (4,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 611.32 Td (4,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 597.32 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 597.32 Td (55,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 597.32 Td (53,605) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 583.32 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 583.32 Td (otal future lease commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 583.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 583.32 Td (101,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 583.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 583.32 Td (98,277) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 565.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 551.65 Td (In 1986, ) Tj ET Q q 0 0 0 rg BT 126.07 551.65 Td (APS entered into agreements with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 286.08 551.65 Td (three) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 309.06 551.65 Td ( separate lessor trust entities in order to sell and lease ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 537.85 Td (back interests in Palo ) Tj ET Q q 0 0 0 rg BT 150.22 537.85 Td (V) Tj ET Q q 0 0 0 rg BT 157.25 537.85 Td (erde Unit 2 and related common facilities. ) Tj ET Q q 0 0 0 rg BT 356.63 537.85 Td (These lessor trust entities have been deemed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 524.05 Td (VIEs for which ) Tj ET Q q 0 0 0 rg BT 122.64 524.05 Td (APS is the primary beneficiary) Tj ET Q q 0 0 0 rg BT 264.33 524.05 Td (. ) Tj ET Q q 0 0 0 rg BT 272.32 524.05 Td (As the primary beneficiary) Tj ET Q q 0 0 0 rg BT 395.16 524.05 Td (, ) Tj ET Q q 0 0 0 rg BT 400.27 524.05 Td (APS consolidated these lessor trust ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 510.25 Td (entities. ) Tj ET Q q 0 0 0 rg BT 91.13 510.25 Td (The impacts of these sale leaseback transactions are excluded from our lease disclosures as lease ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 496.45 Td (accounting is eliminated upon consolidation. See Note 18 for a discussion of ) Tj ET Q q 0 0 0 rg BT 407.65 496.45 Td (VIEs.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 482.65 Td () Tj ET Q endstream endobj 295 0 obj <>] /Rotate 0 /Contents 296 0 R>> endobj 296 0 obj <> stream BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 50 772.848046875 m 112.15625 772.848046875 l s q 0 0 1 rg BT 50.00 774.10 Td (T) Tj ET Q q 0 0 1 rg BT 54.60 774.10 Td (able of Contents ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.50 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.50 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.50 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.50 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (143) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (9) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 55.25 721.25 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 721.25 Td (Jointly-Owned Facilities) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 205.29 721.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.65 Td (APS shares ownership of some of its generating and transmission facilities with other companies. ) Tj ET Q q 0 0 0 rg BT 539.47 693.65 Td (W) Tj ET Q q 0 0 0 rg BT 549.40 693.65 Td (e ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (are responsible for our share of operating costs which are included in the corresponding operating expenses on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (our Consolidated Statements of Income. ) Tj ET Q q 0 0 0 rg BT 237.09 666.05 Td (W) Tj ET Q q 0 0 0 rg BT 247.03 666.05 Td (e are also responsible for providing our own financing. Our share ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (of operating expenses and utility plant costs related to these facilities is accounted for using proportional ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.45 Td (consolidation. ) Tj ET Q q 0 0 0 rg BT 119.88 638.45 Td (The following table shows ) Tj ET Q q 0 0 0 rg BT 244.46 638.45 Td (APS) Tj ET Q q 0 0 0 rg BT 268.75 638.45 Td (s interests in those jointly-owned facilities recorded on the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (Consolidated Balance Sheets at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 197.05 624.65 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 287.42 624.65 Td ( \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 572.35 239.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 572.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 572.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 572.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 572.35 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 572.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 572.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 572.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 572.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 572.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 572.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 544.00 572.35 19.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 544.35 239.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 544.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 544.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 544.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 544.35 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 544.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 544.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 544.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 544.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 544.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 544.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 544.00 544.35 19.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 516.35 239.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 516.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 516.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 516.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 516.35 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 516.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 516.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 516.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 516.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 516.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 516.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 544.00 516.35 19.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 486.35 239.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 486.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 486.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 486.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 486.35 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 486.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 486.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 486.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 486.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 486.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 486.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 544.00 486.35 19.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 458.35 239.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 458.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 458.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 458.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 458.35 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 458.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 458.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 458.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 458.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 458.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 458.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 544.00 458.35 19.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 430.35 239.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 430.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 430.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 430.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 430.35 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 430.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 430.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 430.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 430.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 430.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 430.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 544.00 430.35 19.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 402.35 239.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 402.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 402.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 402.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 402.35 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 402.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 402.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 402.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 402.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 402.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 402.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 544.00 402.35 19.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 374.35 239.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 374.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 374.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 374.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 374.35 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 374.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 374.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 374.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 374.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 374.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 374.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 544.00 374.35 19.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 346.35 239.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 346.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 346.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 346.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 346.35 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 346.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 346.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 346.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 346.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 346.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 346.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 544.00 346.35 19.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 318.35 239.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 318.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 318.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 318.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 318.35 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 318.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 318.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 318.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 318.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 318.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 318.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 544.00 318.35 19.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 290.35 239.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 290.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 290.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 290.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 290.35 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 290.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 290.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 290.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 290.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 290.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 290.35 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 544.00 290.35 19.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 572.35 m 345 572.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 572.35 m 432 572.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 572.35 m 488 572.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 572.35 m 544 572.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 544 572.35 m 563 572.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 572.35 m 345 572.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 572.35 m 432 572.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 572.35 m 488 572.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 572.35 m 544 572.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 544 572.35 m 563 572.35 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 575.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.45 584.58 Td (Per) Tj ET Q q 0 0 0 rg BT 317.29 584.58 Td (cent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.25 576.58 Td (Owned) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 362.00 575.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.05 584.58 Td (Plantin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.05 576.58 Td (Service) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.80 584.58 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.55 576.58 Td (Depr) Tj ET Q q 0 0 0 rg BT 456.73 576.58 Td (eciation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.05 592.43 Td (Construction) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.35 584.43 Td (W) Tj ET Q q 0 0 0 rg BT 510.91 584.43 Td (orkin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.75 576.43 Td (Pr) Tj ET Q q 0 0 0 rg BT 511.04 576.43 Td (ogr) Tj ET Q q 0 0 0 rg BT 522.45 576.43 Td (ess) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 562.92 Td (Generating facilities:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 341.50 561.11 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 362.00 561.11 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 428.50 561.11 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 484.50 561.11 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 540.50 561.11 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 548.92 Td (Palo ) Tj ET Q q 0 0 0 rg BT 78.69 548.92 Td (V) Tj ET Q q 0 0 0 rg BT 85.27 548.92 Td (erde Units 1 and 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 548.92 Td (29.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 548.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.50 548.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.10 548.92 Td (1,872,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.50 548.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 548.92 Td (1,092,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 548.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 548.92 Td (24,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 534.92 Td (Palo ) Tj ET Q q 0 0 0 rg BT 78.69 534.92 Td (V) Tj ET Q q 0 0 0 rg BT 85.27 534.92 Td (erde Unit 2 \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 534.92 Td (16.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 534.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.60 534.92 Td (619,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.60 534.92 Td (364,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 534.92 Td (14,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 520.92 Td (Palo ) Tj ET Q q 0 0 0 rg BT 78.69 520.92 Td (V) Tj ET Q q 0 0 0 rg BT 85.27 520.92 Td (erde Common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 520.92 Td (28.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 520.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 520.92 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.60 520.92 Td (726,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.60 520.92 Td (262,065) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 520.92 Td (46,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 506.92 Td (Palo ) Tj ET Q q 0 0 0 rg BT 78.69 506.92 Td (V) Tj ET Q q 0 0 0 rg BT 85.27 506.92 Td (erde Sale Leaseback) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 341.50 505.11 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.45 506.92 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.60 506.92 Td (351,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.60 506.92 Td (241,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 506.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 492.92 Td (Four Corners Generating Station) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 491.02 Td (63.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 491.02 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.10 491.02 Td (1,196,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.60 491.02 Td (568,304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.60 491.02 Td (240,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 476.92 Td (Cholla common facilities \(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 476.92 Td (50.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 476.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.60 476.92 Td (180,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 476.92 Td (69,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 476.92 Td (1,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 462.92 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 462.92 Td (ransmission facilities:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 341.50 461.11 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 362.00 461.11 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 428.50 461.11 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 484.50 461.11 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 540.50 461.11 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 448.92 Td (ANPP) Tj ET Q q 0 0 0 rg BT 83.88 448.92 Td ( 500kV) Tj ET Q q 0 0 0 rg BT 113.33 448.92 Td ( System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 448.92 Td (34.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 448.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.90 448.92 Td ( \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.60 448.92 Td (130,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 448.92 Td (46,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 448.92 Td (684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 434.92 Td (Navajo Southern System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 434.92 Td (27.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 434.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 434.92 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 434.92 Td (85,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 434.92 Td (28,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 434.92 Td (180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 420.92 Td (Palo ) Tj ET Q q 0 0 0 rg BT 78.69 420.92 Td (V) Tj ET Q q 0 0 0 rg BT 85.27 420.92 Td (erde ) Tj ET Q q 0 0 0 rg BT 116.73 420.92 Td (Y) Tj ET Q q 0 0 0 rg BT 123.21 420.92 Td (uma 500kV) Tj ET Q q 0 0 0 rg BT 169.51 420.92 Td ( System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 420.92 Td (18.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 420.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 420.92 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 420.92 Td (14,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 420.92 Td (6,614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 420.92 Td (486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 406.92 Td (Four Corners Switchyards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 406.92 Td (63.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 406.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.90 406.92 Td ( \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 406.92 Td (66,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 406.92 Td (12,605) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 406.92 Td (327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 392.92 Td (Phoenix Mead System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 392.92 Td (17.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 392.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 392.92 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 392.92 Td (39,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 392.92 Td (17,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 392.92 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 378.92 Td (Palo ) Tj ET Q q 0 0 0 rg BT 78.69 378.92 Td (V) Tj ET Q q 0 0 0 rg BT 85.27 378.92 Td (erde Rudd 500kV) Tj ET Q q 0 0 0 rg BT 168.22 378.92 Td ( System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 378.92 Td (50.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 378.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 378.92 Td (97,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 378.92 Td (23,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 378.92 Td (245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 364.92 Td (Mor) Tj ET Q q 0 0 0 rg BT 75.63 364.92 Td (gan Pinnacle Peak System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 364.92 Td (64.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 364.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.90 364.92 Td ( \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.60 364.92 Td (1) Tj ET Q q 0 0 0 rg BT 400.60 364.92 Td (17,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 364.92 Td (14,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 364.92 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 350.92 Td (Round ) Tj ET Q q 0 0 0 rg BT 87.58 350.92 Td (V) Tj ET Q q 0 0 0 rg BT 94.16 350.92 Td (alley System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 350.92 Td (50.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 350.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 350.92 Td (515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 350.92 Td (141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 350.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 336.92 Td (Palo ) Tj ET Q q 0 0 0 rg BT 78.69 336.92 Td (V) Tj ET Q q 0 0 0 rg BT 85.27 336.92 Td (erde Mor) Tj ET Q q 0 0 0 rg BT 134.05 336.92 Td (gan System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 336.92 Td (90.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 336.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 336.92 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.60 336.92 Td (137,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 336.92 Td (3,948) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 336.92 Td (94,350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 322.92 Td (Hassayampa North Gila System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 322.92 Td (80.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 322.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.60 322.92 Td (142,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 322.92 Td (6,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 322.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 308.92 Td (Cholla 500kV) Tj ET Q q 0 0 0 rg BT 114.80 308.92 Td ( Switchyard) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 308.92 Td (85.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 308.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 308.92 Td (5,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 308.92 Td (1,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 308.92 Td (190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 294.92 Td (Saguaro 500kV) Tj ET Q q 0 0 0 rg BT 120.90 294.92 Td ( Switchyard) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 294.92 Td (60.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 294.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 294.92 Td (20,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 294.92 Td (12,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 294.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 280.92 Td (Kyrene Knox System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.65 280.92 Td (50.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 280.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 280.92 Td (578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 280.92 Td (297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 280.92 Td () Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 257.05 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 257.05 Td (See Note 18.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 243.25 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 243.25 Td (W) Tj ET Q q 0 0 0 rg BT 113.43 243.25 Td (eighted-average of interests.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 229.45 Td (\(c\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 229.45 Td (PacifiCorp owns Cholla Unit 4 and ) Tj ET Q q 0 0 0 rg BT 267.69 229.45 Td (APS operates the unit for PacifiCorp. ) Tj ET Q q 0 0 0 rg BT 445.07 229.45 Td (The common facilities at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 215.65 Td (Cholla are jointly-owned.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 188.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 188.05 Td (APS also has a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 157.06 188.05 Td (14%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 178.14 188.05 Td ( ownership in the Navajo Plant. In the second quarter of 2017, ) Tj ET Q q 0 0 0 rg BT 469.09 188.05 Td (APS) Tj ET Q q 0 0 0 rg BT 493.38 188.05 Td (s remaining ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 174.25 Td (net book value of its interest was reclassified from property) Tj ET Q q 0 0 0 rg BT 322.44 174.25 Td (, plant and equipment to a regulatory asset. See ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 160.45 Td (Navajo Plant in Note 3 for more details.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 136.65 Td (4CA) Tj ET Q q 0 0 0 rg BT 106.59 136.65 Td ( is a subsidiary that was formed in 2016 as a result of the purchase of El Paso's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 471.48 136.65 Td (7%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 486.81 136.65 Td ( interest in Four ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 122.85 Td (Corners. ) Tj ET Q q 0 0 0 rg BT 93.90 122.85 Td (At December 31, 2017, 4CA) Tj ET Q q 0 0 0 rg BT 225.49 122.85 Td ( had plant in service of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 333.43 122.85 Td ($141 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 392.53 122.85 Td (, accumulated depreciation of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 531.43 122.85 Td ($83 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 109.05 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 109.05 Td ( and construction work in progress of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 257.43 109.05 Td ($25 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 310.78 109.05 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 81.45 Td () Tj ET Q endstream endobj 297 0 obj <>] /Rotate 0 /Contents 298 0 R>> endobj 298 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (144) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (10) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 61.00 721.25 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 721.25 Td (Commitments and Contingencies) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 248.42 721.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 693.65 Td (Palo ) Tj ET Q q 0 0 0 rg BT 73.89 693.65 Td (V) Tj ET Q q 0 0 0 rg BT 81.14 693.65 Td (erde Generating Station ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 666.05 Td (Spent Nuclear) Tj ET Q q 0 0 0 rg BT 155.25 666.05 Td ( Fuel and ) Tj ET Q q 0 0 0 rg BT 203.93 666.05 Td (W) Tj ET Q q 0 0 0 rg BT 214.79 666.05 Td (aste Disposal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 638.45 Td (On December19, 2012, ) Tj ET Q q 0 0 0 rg BT 197.92 638.45 Td (APS, acting on behalf of itself and the participant owners of Palo ) Tj ET Q q 0 0 0 rg BT 500.16 638.45 Td (V) Tj ET Q q 0 0 0 rg BT 507.19 638.45 Td (erde, filed a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (second breach of contract lawsuit against the DOE in the United States Court of Federal Claims \("Court of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.85 Td (Federal Claims"\). ) Tj ET Q q 0 0 0 rg BT 136.39 610.85 Td (The lawsuit sought to recover damages incurred due to DOE) Tj ET Q q 0 0 0 rg BT 418.38 610.85 Td (s breach of the Contract for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.05 Td (Disposal of Spent Nuclear Fuel and/or High Level Radioactive ) Tj ET Q q 0 0 0 rg BT 341.52 597.05 Td (W) Tj ET Q q 0 0 0 rg BT 351.45 597.05 Td (aste \("Standard Contract"\) for failing to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.25 Td (accept Palo ) Tj ET Q q 0 0 0 rg BT 104.85 583.25 Td (V) Tj ET Q q 0 0 0 rg BT 111.88 583.25 Td (erde's spent nuclear fuel and high level waste from January1, 2007 through June30, 201) Tj ET Q q 0 0 0 rg BT 520.72 583.25 Td (1, as it ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.45 Td (was required to do pursuant to the terms of the Standard Contract and the Nuclear ) Tj ET Q q 0 0 0 rg BT 428.37 569.45 Td (W) Tj ET Q q 0 0 0 rg BT 438.30 569.45 Td (aste Policy ) Tj ET Q q 0 0 0 rg BT 490.69 569.45 Td (Act. On ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.65 Td (August 18, 2014, ) Tj ET Q q 0 0 0 rg BT 130.97 555.65 Td (APS and DOE entered into a settlement agreement, stipulating to a dismissal of the lawsuit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.85 Td (and payment of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 123.91 541.85 Td ($57.4 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 185.89 541.85 Td ( by DOE to the Palo ) Tj ET Q q 0 0 0 rg BT 281.50 541.85 Td (V) Tj ET Q q 0 0 0 rg BT 288.53 541.85 Td (erde owners for certain specified costs incurred by Palo ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 528.05 Td (V) Tj ET Q q 0 0 0 rg BT 56.53 528.05 Td (erde during the period January 1, 2007 through June 30, 201) Tj ET Q q 0 0 0 rg BT 333.97 528.05 Td (1. ) Tj ET Q q 0 0 0 rg BT 347.71 528.05 Td (APS) Tj ET Q q 0 0 0 rg BT 372.00 528.05 Td (s share of this amount is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 486.35 528.05 Td ($16.7 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 548.33 528.05 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (Amounts recovered in the lawsuit and settlement were recorded as adjustments to a regulatory liability and had ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 499.85 Td (no impact on the amount of reported net income. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 279.76 499.85 Td (In addition, the settlement agreement, as amended, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 485.45 Td (provides ) Tj ET Q q 0 0 0 rg BT 93.16 485.45 Td (APS with a method for submitting claims and getting recovery for costs incurred through ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 471.05 Td (December 31, 2019.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 443.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 443.45 Td (APS has submitted ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 175.91 443.45 Td (three) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 198.90 443.45 Td ( claims pursuant to the terms of the ) Tj ET Q q 0 0 0 rg BT 363.06 443.45 Td (August 18, 2014 settlement agreement, for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 429.65 Td (three) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 72.48 429.65 Td ( separate time periods during July 1, 201) Tj ET Q q 0 0 0 rg BT 259.22 429.65 Td (1 through June 30, 2016. ) Tj ET Q q 0 0 0 rg BT 379.11 429.65 Td (The DOE has approved and paid ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.40 429.65 Td ($65.2 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 415.85 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 415.85 Td ( for these claims \(APS) Tj ET Q q 0 0 0 rg BT 189.41 415.85 Td (s share is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 234.44 415.85 Td ($19 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 287.80 415.85 Td (\). ) Tj ET Q q 0 0 0 rg BT 302.92 415.85 Td (The amounts recovered were primarily recorded as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 402.05 Td (adjustments to a regulatory liability and had no impact on reported net income. In accordance with the 2017 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 388.25 Td (retail rate case settlement, this regulatory liability is being refunded to customers \(see Note 3\). ) Tj ET Q q 0 0 0 rg BT 488.29 388.25 Td (APS's next ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 374.45 Td (claim pursuant to the terms of the ) Tj ET Q q 0 0 0 rg BT 206.32 374.45 Td (August 18, 2014 settlement agreement was submitted to the DOE in the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 360.65 Td (fourth quarter of 2017 in the amount of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 232.82 360.65 Td ($9 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 280.42 360.65 Td ( \(APS's share is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 355.33 360.65 Td ($2.6 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 411.56 360.65 Td (\). In February 2018, the DOE ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 346.85 Td (approved this claim. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 333.05 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 319.25 Td (Nuclear) Tj ET Q q 0 0 0 rg BT 124.25 319.25 Td ( Insurance) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 305.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 291.65 Td (Public liability for incidents at nuclear power plants is governed by the Price-Anderson Nuclear ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 277.85 Td (Industries Indemnity ) Tj ET Q q 0 0 0 rg BT 147.24 277.85 Td (Act \("Price-Anderson ) Tj ET Q q 0 0 0 rg BT 249.66 277.85 Td (Act"\), which limits the liability of nuclear reactor owners to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 264.05 Td (amount of insurance available from both commercial sources and an industry-wide retrospective payment plan. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 250.25 Td (In accordance with the Price-Anderson ) Tj ET Q q 0 0 0 rg BT 231.20 250.25 Td (Act, the Palo ) Tj ET Q q 0 0 0 rg BT 293.59 250.25 Td (V) Tj ET Q q 0 0 0 rg BT 300.62 250.25 Td (erde participants are insured against public liability for a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 236.45 Td (nuclear incident up to approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 221.63 236.45 Td ($13.4 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 280.41 236.45 Td ( per occurrence. Palo ) Tj ET Q q 0 0 0 rg BT 383.01 236.45 Td (V) Tj ET Q q 0 0 0 rg BT 390.04 236.45 Td (erde maintains the maximum ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 222.65 Td (available nuclear liability insurance in the amount of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 294.75 222.65 Td ($450 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 353.85 222.65 Td (, which is provided by ) Tj ET Q q 0 0 0 rg BT 458.63 222.65 Td (American Nuclear ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 208.85 Td (Insurers \("ANI"\). ) Tj ET Q q 0 0 0 rg BT 135.32 208.85 Td (The remaining balance of approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 325.32 208.85 Td ($13.0 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 384.10 208.85 Td ( of liability coverage is provided ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 195.05 Td (through a mandatory industry-wide retrospective premium program. If losses at any nuclear power plant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 181.25 Td (covered by the program exceed the accumulated funds, ) Tj ET Q q 0 0 0 rg BT 305.27 181.25 Td (APS could be responsible for retrospective premiums. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 167.45 Td (The maximum retrospective premium per reactor under the program for each nuclear liability incident is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 153.65 Td (approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 118.80 153.65 Td ($127.3 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 186.53 153.65 Td (, subject to a maximum annual premium of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 387.42 153.65 Td ($19 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 440.77 153.65 Td ( per incident. Based on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 139.85 Td (APS) Tj ET Q q 0 0 0 rg BT 73.79 139.85 Td (s ownership interest in the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 197.40 139.85 Td (three) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 220.38 139.85 Td ( Palo ) Tj ET Q q 0 0 0 rg BT 246.37 139.85 Td (V) Tj ET Q q 0 0 0 rg BT 253.40 139.85 Td (erde units, ) Tj ET Q q 0 0 0 rg BT 303.55 139.85 Td (APS) Tj ET Q q 0 0 0 rg BT 327.84 139.85 Td (s maximum retrospective premium per incident for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 126.05 Td (all ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 63.87 126.05 Td (three) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 86.85 126.05 Td ( units is approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 194.82 126.05 Td ($1) Tj ET Q q 0 0 0 rg BT 205.89 126.05 Td (1) Tj ET Q q 0 0 0 rg BT 211.21 126.05 Td (1.1 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 261.69 126.05 Td (, with a maximum annual retrospective premium of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 112.25 Td (approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 118.80 112.25 Td ($16.6 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 180.78 112.25 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 84.65 Td (The Palo ) Tj ET Q q 0 0 0 rg BT 129.37 84.65 Td (V) Tj ET Q q 0 0 0 rg BT 136.40 84.65 Td (erde participants maintain insurance for property damage to, and decontamination of, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 70.85 Td (property at Palo ) Tj ET Q q 0 0 0 rg BT 125.62 70.85 Td (V) Tj ET Q q 0 0 0 rg BT 132.65 70.85 Td (erde in the aggregate amount of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 281.45 70.85 Td ($2.8 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 334.48 70.85 Td (. ) Tj ET Q q 0 0 0 rg BT 342.48 70.85 Td (APS has also secured accidental outage ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 57.05 Td (insurance for a sudden and unforeseen accidental outage of any of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 373.29 57.05 Td (three) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 396.27 57.05 Td ( units. ) Tj ET Q q 0 0 0 rg BT 429.93 57.05 Td (The property damage, ) Tj ET Q endstream endobj 299 0 obj <>] /Rotate 0 /Contents 300 0 R>> endobj 300 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (145) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (decontamination, and accidental outage insurance are provided by Nuclear Electric Insurance Limited ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (\("NEIL"\). ) Tj ET Q q 0 0 0 rg BT 100.72 707.25 Td (APS is subject to retrospective premium adjustments under all NEIL) Tj ET Q q 0 0 0 rg BT 416.17 707.25 Td ( policies if NEIL) Tj ET Q q 0 0 0 rg BT 492.72 707.25 Td () Tj ET Q q 0 0 0 rg BT 495.92 707.25 Td (s losses in any ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (policy year exceed accumulated funds. ) Tj ET Q q 0 0 0 rg BT 233.53 693.45 Td (The maximum amount ) Tj ET Q q 0 0 0 rg BT 340.53 693.45 Td (APS could incur under the current NEIL) Tj ET Q q 0 0 0 rg BT 526.62 693.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (policies totals approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 185.24 679.65 Td ($24 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 238.59 679.65 Td ( for each retrospective premium assessment declared by NEIL) Tj ET Q q 0 0 0 rg BT 523.65 679.65 Td () Tj ET Q q 0 0 0 rg BT 526.84 679.65 Td (s Board ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (of Directors due to losses. In addition, NEIL) Tj ET Q q 0 0 0 rg BT 256.67 665.85 Td ( policies contain rating triggers that would result in ) Tj ET Q q 0 0 0 rg BT 493.98 665.85 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (providing approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 166.39 652.05 Td ($64.8 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 228.37 652.05 Td ( of collateral assurance within ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 369.19 652.05 Td (20) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 380.69 652.05 Td ( business days of a rating downgrade to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (non-investment grade. ) Tj ET Q q 0 0 0 rg BT 157.88 638.25 Td (The insurance coverage discussed in this and the previous paragraph is subject to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (certain policy conditions, sublimits and exclusions.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (Fuel and Pur) Tj ET Q q 0 0 0 rg BT 113.83 596.85 Td (chased Power) Tj ET Q q 0 0 0 rg BT 181.01 596.85 Td ( Commitments and Pur) Tj ET Q q 0 0 0 rg BT 296.12 596.85 Td (chase Obligations) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 569.25 Td (APS is party to various fuel and purchased power contracts and purchase obligations with terms ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (expiring between 2018 and 2043 that include required purchase provisions. ) Tj ET Q q 0 0 0 rg BT 400.81 555.45 Td (APS estimates the contract ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (requirements to be approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 207.26 541.65 Td ($715 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 266.36 541.65 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 281.06 541.65 Td (2018) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 304.06 541.65 Td (; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 310.13 541.65 Td ($578 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 369.23 541.65 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 383.92 541.65 Td (2019) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 406.92 541.65 Td (; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 412.99 541.65 Td ($548 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 472.09 541.65 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 486.79 541.65 Td (2020) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 509.79 541.65 Td (; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 515.86 541.65 Td ($548 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 527.85 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 97.42 527.85 Td (2021) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 120.42 527.85 Td (; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.49 527.85 Td ($554 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 185.59 527.85 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 200.29 527.85 Td (2022) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 223.29 527.85 Td (; and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 248.84 527.85 Td ($6.5 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 301.87 527.85 Td ( thereafter) Tj ET Q q 0 0 0 rg BT 348.16 527.85 Td (. However) Tj ET Q q 0 0 0 rg BT 398.47 527.85 Td (, these amounts may vary ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td (significantly pursuant to certain provisions in such contracts that permit us to decrease required purchases ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (under certain circumstances.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 486.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 472.65 Td (Of the various fuel and purchased power contracts mentioned above, some of those contracts for coal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.85 Td (supply include take-or) Tj ET Q q 0 0 0 rg BT 152.10 458.85 Td (-pay provisions. ) Tj ET Q q 0 0 0 rg BT 231.75 458.85 Td (The current coal contracts with take-or) Tj ET Q q 0 0 0 rg BT 410.01 458.85 Td (-pay provisions have terms ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.05 Td (expiring through 2031.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 431.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 417.45 Td (The following table summarizes our estimated coal take-or) Tj ET Q q 0 0 0 rg BT 356.39 417.45 Td (-pay commitments \(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.65 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 367.15 162.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.00 367.15 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 367.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 367.15 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 367.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 367.15 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 367.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 367.15 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 367.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 367.15 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 367.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 367.15 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 379.15 m 267 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 379.15 m 271 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 379.15 m 326 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 379.15 m 330 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 379.15 m 385 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 379.15 m 389 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 379.15 m 444 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 379.15 m 448 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 379.15 m 503 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 379.15 m 507 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 379.15 m 562 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 367.15 m 267 367.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 367.15 m 326 367.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 367.15 m 385 367.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 367.15 m 444 367.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 367.15 m 503 367.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 367.15 m 562 367.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 367.15 m 267 367.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 367.15 m 326 367.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 367.15 m 385 367.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 367.15 m 444 367.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 367.15 m 503 367.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 367.15 m 562 367.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 383.38 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.70 383.38 Td () Tj ET Q q 0 0 0 rg BT 341.55 383.38 Td (Y) Tj ET Q q 0 0 0 rg BT 346.74 383.38 Td (ears Ended December) Tj ET Q q 0 0 0 rg BT 421.32 383.38 Td ( 31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 369.87 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.00 371.23 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.00 371.23 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.00 371.23 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.00 371.23 Td (2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.00 371.23 Td (2022) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.70 371.23 Td (Ther) Tj ET Q q 0 0 0 rg BT 532.44 371.23 Td (eafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 357.72 Td (Coal take-or) Tj ET Q q 0 0 0 rg BT 102.00 357.72 Td (-pay commitments \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 357.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.65 357.72 Td (159,997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 357.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 357.72 Td (185,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 357.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 357.72 Td (186,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 357.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 357.72 Td (190,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 357.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 357.72 Td (194,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 357.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.10 357.72 Td (1,750,739) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 563.50 353.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 333.85 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 333.85 Td (T) Tj ET Q q 0 0 0 rg BT 109.72 333.85 Td (otal take-or) Tj ET Q q 0 0 0 rg BT 162.18 333.85 Td (-pay commitments are approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 337.18 333.85 Td ($2.7 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 390.21 333.85 Td (. ) Tj ET Q q 0 0 0 rg BT 398.63 333.85 Td (The total net present value of these ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 320.05 Td (commitments is approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 248.83 320.05 Td ($1.9 billion) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 301.86 320.05 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 306.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 292.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 292.45 Td (APS may spend more to meet its actual fuel requirements than the minimum purchase obligations in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 278.65 Td (our coal take-or) Tj ET Q q 0 0 0 rg BT 122.07 278.65 Td (-pay contracts. ) Tj ET Q q 0 0 0 rg BT 192.43 278.65 Td (The following table summarizes actual amounts purchased under the coal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 264.85 Td (contracts which include take-or) Tj ET Q q 0 0 0 rg BT 193.92 264.85 Td (-pay provisions for each of the last three years \(dollars in thousands\): ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.05 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 216.55 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 216.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 216.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 216.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 216.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 216.55 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 228.54999999999995 m 424 228.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 228.54999999999995 m 428 228.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 228.54999999999995 m 493 228.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 228.54999999999995 m 497 228.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 228.54999999999995 m 562 228.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 228.54999999999995 m 424 228.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 216.54999999999995 m 424 216.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 228.54999999999995 m 428 228.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 228.54999999999995 m 493 228.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 216.54999999999995 m 493 216.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 228.54999999999995 m 497 228.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 228.54999999999995 m 562 228.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 216.54999999999995 m 562 216.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 216.54999999999995 m 424 216.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 216.54999999999995 m 493 216.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 216.54999999999995 m 562 216.54999999999995 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 231.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.70 232.63 Td (Y) Tj ET Q q 0 0 0 rg BT 421.03 232.63 Td (ear) Tj ET Q q 0 0 0 rg BT 431.62 232.63 Td (EndedDecember) Tj ET Q q 0 0 0 rg BT 492.35 232.63 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 219.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.00 220.63 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 220.63 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 220.63 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 207.12 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 207.12 Td (otal purchases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 207.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 207.12 Td (165,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 207.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 207.12 Td (160,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 207.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 207.12 Td (21) Tj ET Q q 0 0 0 rg BT 535.65 207.12 Td (1,327) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 189.25 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 175.45 Td (Renewable Energy Cr) Tj ET Q q 0 0 0 rg BT 157.89 175.45 Td (edits) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 161.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 147.85 Td (APS has entered into contracts to purchase renewable ener) Tj ET Q q 0 0 0 rg BT 354.81 147.85 Td (gy credits to comply with the RES. ) Tj ET Q q 0 0 0 rg BT 521.23 147.85 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 134.05 Td (estimates the contract requirements to be approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 309.76 134.05 Td ($40 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 363.11 134.05 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 377.81 134.05 Td (2018) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 400.81 134.05 Td (; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 406.88 134.05 Td ($40 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 460.23 134.05 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 474.93 134.05 Td (2019) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 497.93 134.05 Td (; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 504.00 134.05 Td ($40 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.35 134.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 120.25 Td (in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 61.32 120.25 Td (2020) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 84.32 120.25 Td (; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 90.39 120.25 Td ($40 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 143.74 120.25 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 158.44 120.25 Td (2021) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 181.44 120.25 Td (; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 187.51 120.25 Td ($40 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 240.86 120.25 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 255.55 120.25 Td (2022) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 278.55 120.25 Td (; and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 304.10 120.25 Td ($370 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 363.21 120.25 Td ( thereafter) Tj ET Q q 0 0 0 rg BT 409.49 120.25 Td (. ) Tj ET Q q 0 0 0 rg BT 417.91 120.25 Td (These amounts do not include ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 106.45 Td (purchases of renewable ener) Tj ET Q q 0 0 0 rg BT 179.88 106.45 Td (gy credits that are bundled with ener) Tj ET Q q 0 0 0 rg BT 347.64 106.45 Td (gy) Tj ET Q q 0 0 0 rg BT 358.40 106.45 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 92.65 Td () Tj ET Q endstream endobj 301 0 obj <>] /Rotate 0 /Contents 302 0 R>> endobj 302 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (146) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (Coal Mine Reclamation Obligations) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.65 Td (APS and 4CA) Tj ET Q q 0 0 0 rg BT 150.04 693.65 Td ( must reimburse certain coal providers for amounts incurred for final and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (contemporaneous coal mine reclamation. ) Tj ET Q q 0 0 0 rg BT 244.08 679.85 Td (W) Tj ET Q q 0 0 0 rg BT 254.02 679.85 Td (e account for contemporaneous reclamation costs as part of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (cost of the delivered coal. ) Tj ET Q q 0 0 0 rg BT 173.51 666.05 Td (W) Tj ET Q q 0 0 0 rg BT 183.44 666.05 Td (e utilize site-specific studies of costs expected to be incurred in the future to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (estimate our final reclamation obligation. ) Tj ET Q q 0 0 0 rg BT 245.06 652.25 Td (These studies utilize various assumptions to estimate the future ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.45 Td (costs. Based on the most recent reclamation studies, ) Tj ET Q q 0 0 0 rg BT 293.83 638.45 Td (APS recorded an obligation for the coal mine final ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (reclamation of approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 188.41 624.65 Td ($216 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 247.51 624.65 Td ( at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 261.56 624.65 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 351.93 624.65 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 374.29 624.65 Td ($207 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 433.39 624.65 Td ( at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 447.44 624.65 Td (December31, 2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 537.81 624.65 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.85 Td (4CA) Tj ET Q q 0 0 0 rg BT 70.59 610.85 Td ( recorded an obligation for the coal mine final reclamation of approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 423.77 610.85 Td ($16 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.12 610.85 Td (at December 31, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.05 Td (2017 and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 94.85 597.05 Td ($15 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 148.21 597.05 Td ( at December 31, 2016. Under our current coal supply agreements, ) Tj ET Q q 0 0 0 rg BT 459.57 597.05 Td (APS expects to make ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.25 Td (payments for the final mine reclamation as follows: ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 292.53 583.25 Td ($31 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.89 583.25 Td ( in 2018; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 389.65 583.25 Td ($32 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 443.00 583.25 Td ( in 2019; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 486.77 583.25 Td ($21 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 540.12 583.25 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.45 Td (2020; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 78.57 569.45 Td ($20 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 131.92 569.45 Td ( in 2021; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 175.69 569.45 Td ($22 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 229.04 569.45 Td ( in 2022; and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 292.28 569.45 Td ($191 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 351.39 569.45 Td ( thereafter) Tj ET Q q 0 0 0 rg BT 397.67 569.45 Td (. 4CA) Tj ET Q q 0 0 0 rg BT 427.39 569.45 Td ( expects to make payments ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.65 Td (for the final mine reclamation as follows: ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 242.71 555.65 Td ($1 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 290.31 555.65 Td ( in 2018; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 334.08 555.65 Td ($1 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 381.68 555.65 Td ( in 2019; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 425.44 555.65 Td ($2 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 473.04 555.65 Td ( in 2020; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 516.81 555.65 Td ($2 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.85 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 541.85 Td ( in 2021; ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 126.49 541.85 Td ($2 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 174.09 541.85 Td ( in 2022; and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 237.34 541.85 Td ($16 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 290.69 541.85 Td ( thereafter) Tj ET Q q 0 0 0 rg BT 336.98 541.85 Td (. ) Tj ET Q q 0 0 0 rg BT 344.97 541.85 Td (Any amendments to current coal supply ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 528.05 Td (agreements may change the timing of the contribution. Portions of these funds will be held in an escrow ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (account and distributed to certain coal providers under the terms of the applicable coal supply agreements. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 486.65 Td (Superfund-Related Matters) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 459.05 Td (Superfund establishes liability for the cleanup of hazardous substances found contaminating the soil, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.25 Td (water or air) Tj ET Q q 0 0 0 rg BT 101.86 445.25 Td (. ) Tj ET Q q 0 0 0 rg BT 110.28 445.25 Td (Those who generated, transported or disposed of hazardous substances at a contaminated site are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.45 Td (among those who are PRPs. PRPs may be strictly) Tj ET Q q 0 0 0 rg BT 279.39 431.45 Td (, and often are jointly and severally) Tj ET Q q 0 0 0 rg BT 441.19 431.45 Td (, liable for clean-up. On ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.65 Td (September3, 2003, EP) Tj ET Q q 0 0 0 rg BT 154.17 417.65 Td (A) Tj ET Q q 0 0 0 rg BT 161.84 417.65 Td ( advised ) Tj ET Q q 0 0 0 rg BT 202.09 417.65 Td (APS that EP) Tj ET Q q 0 0 0 rg BT 258.54 417.65 Td (A) Tj ET Q q 0 0 0 rg BT 266.21 417.65 Td ( considers ) Tj ET Q q 0 0 0 rg BT 314.76 417.65 Td (APS to be a PRP) Tj ET Q q 0 0 0 rg BT 392.30 417.65 Td ( in the Motorola 52) Tj ET Q BT /F1 11.50 Tf ET BT /F1 7.47 Tf ET q 0 0 0 rg BT 481.10 422.86 Td (nd) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.57 417.65 Td (Street ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.85 Td (Superfund Site, Operable Unit 3 \("OU3"\) in Phoenix, ) Tj ET Q q 0 0 0 rg BT 297.81 403.85 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 342.83 403.85 Td (APS has facilities that are within this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 390.05 Td (Superfund site. ) Tj ET Q q 0 0 0 rg BT 124.25 390.05 Td (APS and Pinnacle ) Tj ET Q q 0 0 0 rg BT 209.97 390.05 Td (W) Tj ET Q q 0 0 0 rg BT 219.90 390.05 Td (est have agreed with EP) Tj ET Q q 0 0 0 rg BT 329.34 390.05 Td (A) Tj ET Q q 0 0 0 rg BT 337.01 390.05 Td ( to perform certain investigative activities of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.25 Td (APS facilities within OU3. In addition, on September23, 2009, ) Tj ET Q q 0 0 0 rg BT 346.88 376.25 Td (APS agreed with EP) Tj ET Q q 0 0 0 rg BT 440.06 376.25 Td (A) Tj ET Q q 0 0 0 rg BT 447.73 376.25 Td ( and one other PRP) Tj ET Q q 0 0 0 rg BT 536.10 376.25 Td ( to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.45 Td (voluntarily assist with the funding and management of the site-wide groundwater RI/FS. Based upon ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.65 Td (discussions between the OU3 working group parties and EP) Tj ET Q q 0 0 0 rg BT 324.41 348.65 Td (A, along with the results of recent technical ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.85 Td (analyses prepared by the OU3 working group to supplement the RI/FS, ) Tj ET Q q 0 0 0 rg BT 379.12 334.85 Td (APS anticipates finalizing the RI/FS in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 321.05 Td (the summer or fall of 2018. ) Tj ET Q q 0 0 0 rg BT 180.88 321.05 Td (W) Tj ET Q q 0 0 0 rg BT 190.81 321.05 Td (e estimate that our costs related to this investigation and study will be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.25 Td (approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 118.80 307.25 Td ($2 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 166.40 307.25 Td (. ) Tj ET Q q 0 0 0 rg BT 174.82 307.25 Td (W) Tj ET Q q 0 0 0 rg BT 184.75 307.25 Td (e anticipate incurring additional expenditures in the future, but because the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.45 Td (overall investigation is not complete and ultimate remediation requirements are not yet finalized, at the present ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.65 Td (time expenditures related to this matter cannot be reasonably estimated.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 265.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 252.05 Td (On ) Tj ET Q q 0 0 0 rg BT 101.80 252.05 Td (August6, 2013, RID filed a lawsuit in ) Tj ET Q q 0 0 0 rg BT 280.04 252.05 Td (Arizona District Court against ) Tj ET Q q 0 0 0 rg BT 421.21 252.05 Td (APS and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 464.66 252.05 Td (24) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 476.16 252.05 Td ( other defendants, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.25 Td (alleging that RID) Tj ET Q q 0 0 0 rg BT 132.54 238.25 Td (s groundwater wells were contaminated by the release of hazardous substances from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.45 Td (facilities owned or operated by the defendants. ) Tj ET Q q 0 0 0 rg BT 269.95 224.45 Td (The lawsuit also alleges that, under Superfund laws, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.65 Td (defendants are jointly and severally liable to RID. ) Tj ET Q q 0 0 0 rg BT 284.34 210.65 Td (The allegations against ) Tj ET Q q 0 0 0 rg BT 392.60 210.65 Td (APS arise out of ) Tj ET Q q 0 0 0 rg BT 470.55 210.65 Td (APS) Tj ET Q q 0 0 0 rg BT 494.84 210.65 Td (s current and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.85 Td (former ownership of facilities in and around OU3. ) Tj ET Q q 0 0 0 rg BT 285.83 196.85 Td (As part of a state governmental investigation into ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 183.05 Td (groundwater contamination in this area, on January 25, 2015, ) Tj ET Q q 0 0 0 rg BT 333.74 183.05 Td (ADEQ sent a letter to ) Tj ET Q q 0 0 0 rg BT 435.62 183.05 Td (APS seeking information ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.25 Td (concerning the degree to which, if any) Tj ET Q q 0 0 0 rg BT 225.34 169.25 Td (, ) Tj ET Q q 0 0 0 rg BT 230.46 169.25 Td (APS) Tj ET Q q 0 0 0 rg BT 254.75 169.25 Td (s current and former ownership of these facilities may have ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.45 Td (contributed to groundwater contamination in this area. ) Tj ET Q q 0 0 0 rg BT 304.67 155.45 Td (APS responded to ) Tj ET Q q 0 0 0 rg BT 389.97 155.45 Td (ADEQ on May 4, 2015. On ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.65 Td (December 16, 2016, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 145.62 141.65 Td (two) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 162.87 141.65 Td ( RID contractors filed ancillary lawsuits for recovery of costs against ) Tj ET Q q 0 0 0 rg BT 482.55 141.65 Td (APS and the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.85 Td (other defendants. Because the ancillary lawsuits concern past costs allegedly incurred by these RID vendors, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 114.05 Td (which were ruled unrecoverable directly by RID in November of 2016, the additional lawsuits do not increase ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.25 Td (APS) Tj ET Q q 0 0 0 rg BT 73.79 100.25 Td (s exposure or risk related to these matters. In addition, on March 15, 2017, the ) Tj ET Q q 0 0 0 rg BT 438.52 100.25 Td (Arizona District Court ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.45 Td (granted partial summary judgment to RID for one element of RID's lawsuit against ) Tj ET Q q 0 0 0 rg BT 433.23 86.45 Td (APS and the other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.65 Td (defendants. On May 12, 2017, the court denied a motion for reconsideration as to this order) Tj ET Q q 0 0 0 rg BT 472.67 72.65 Td (. ) Tj ET Q q 0 0 0 rg BT 481.08 72.65 Td (W) Tj ET Q q 0 0 0 rg BT 491.02 72.65 Td (e are unable to ) Tj ET Q endstream endobj 303 0 obj <>] /Rotate 0 /Contents 304 0 R>> endobj 304 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (147) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (predict the outcome of these matters; however) Tj ET Q q 0 0 0 rg BT 261.72 721.05 Td (, we do not expect the outcome to have a material impact on our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (financial position, results of operations or cash flows.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (Envir) Tj ET Q q 0 0 0 rg BT 77.41 679.65 Td (onmental Matters) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 652.05 Td (APS is subject to numerous environmental laws and regulations af) Tj ET Q q 0 0 0 rg BT 390.95 652.05 Td (fecting many aspects of its present ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (and future operations, including air emissions of both conventional pollutants and greenhouse gases, water ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (quality) Tj ET Q q 0 0 0 rg BT 80.69 624.45 Td (, wastewater dischar) Tj ET Q q 0 0 0 rg BT 174.04 624.45 Td (ges, solid waste, hazardous waste, and CCRs. ) Tj ET Q q 0 0 0 rg BT 389.11 624.45 Td (These laws and regulations can ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (change from time to time, imposing new obligations on ) Tj ET Q q 0 0 0 rg BT 306.94 610.65 Td (APS resulting in increased capital, operating, and other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (costs. ) Tj ET Q q 0 0 0 rg BT 80.49 596.85 Td (Associated capital expenditures or operating costs could be material. ) Tj ET Q q 0 0 0 rg BT 401.44 596.85 Td (APS intends to seek recovery of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (any such environmental compliance costs through our rates, but cannot predict whether it will obtain such ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (recovery) Tj ET Q q 0 0 0 rg BT 88.98 569.25 Td (. ) Tj ET Q q 0 0 0 rg BT 97.39 569.25 Td (The following proposed and final rulesinvolve material compliance costs to ) Tj ET Q q 0 0 0 rg BT 450.30 569.25 Td (APS.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 555.45 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 541.65 Td (Regional Haze Rules.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 188.05 541.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 190.93 541.65 Td ( ) Tj ET Q q 0 0 0 rg BT 193.17 541.65 Td (APS has received the final rulemaking imposing new pollution control ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td (requirements on Four Corners and the Navajo Plant. EP) Tj ET Q q 0 0 0 rg BT 307.79 527.85 Td (A) Tj ET Q q 0 0 0 rg BT 315.46 527.85 Td ( will require these plants to install pollution control ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td (equipment that constitutes BAR) Tj ET Q q 0 0 0 rg BT 196.06 514.05 Td (T) Tj ET Q q 0 0 0 rg BT 202.88 514.05 Td ( to lessen the impacts of emissions on visibility surrounding the plants. EP) Tj ET Q q 0 0 0 rg BT 546.81 514.05 Td (A) Tj ET Q q 0 0 0 rg BT 554.48 514.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (approved a proposed rule for Regional Haze compliance at Cholla that does not involve the installation of new ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td (pollution controls and that will replace an earlier BAR) Tj ET Q q 0 0 0 rg BT 299.19 486.45 Td (T) Tj ET Q q 0 0 0 rg BT 306.01 486.45 Td ( determination for this facility) Tj ET Q q 0 0 0 rg BT 443.22 486.45 Td (. See below for details of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.65 Td (the Cholla BAR) Tj ET Q q 0 0 0 rg BT 122.92 472.65 Td (T) Tj ET Q q 0 0 0 rg BT 129.74 472.65 Td ( approval.) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 445.05 Td (Four Corners. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 157.70 445.05 Td (Based on EP) Tj ET Q q 0 0 0 rg BT 215.42 445.05 Td (A) Tj ET Q q 0 0 0 rg BT 222.45 445.05 Td () Tj ET Q q 0 0 0 rg BT 225.65 445.05 Td (s final standards, ) Tj ET Q q 0 0 0 rg BT 305.50 445.05 Td (APS's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 336.02 445.05 Td (63%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 357.10 445.05 Td ( share of the cost of required controls for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (Four Corners Units 4 and 5 is approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 257.76 431.25 Td ($400 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 316.86 431.25 Td (. In addition, ) Tj ET Q q 0 0 0 rg BT 380.74 431.25 Td (APS and El Paso entered into an asset ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.45 Td (purchase agreement providing for the purchase by ) Tj ET Q q 0 0 0 rg BT 282.30 417.45 Td (APS, or an af) Tj ET Q q 0 0 0 rg BT 344.05 417.45 Td (filiate of ) Tj ET Q q 0 0 0 rg BT 385.57 417.45 Td (APS, of El Paso's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 469.11 417.45 Td (7%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 484.44 417.45 Td ( interest in Four ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.65 Td (Corners Units 4 and 5. 4CA) Tj ET Q q 0 0 0 rg BT 180.15 403.65 Td ( purchased the El Paso interest on July 6, 2016. NTEC had the option to purchase ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.85 Td (the interest within a certain timeframe pursuant to an option granted to NTEC. In December 2015, NTEC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.05 Td (notified ) Tj ET Q q 0 0 0 rg BT 87.51 376.05 Td (APS of its intent to exercise the option. ) Tj ET Q q 0 0 0 rg BT 273.84 376.05 Td (The purchase did not occur during the originally contemplated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (timeframe. ) Tj ET Q q 0 0 0 rg BT 105.17 362.25 Td (The parties are currently in discussions as to the future of the option transaction. ) Tj ET Q q 0 0 0 rg BT 479.90 362.25 Td (The cost of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.45 Td (pollution controls related to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 196.74 348.45 Td (7%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 212.06 348.45 Td ( interest is approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 331.51 348.45 Td ($45 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 384.86 348.45 Td (, which will be assumed by the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.65 Td (ultimate owner of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 151.05 334.65 Td (7%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 166.38 334.65 Td ( interest. ) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 307.05 Td (Navajo Plant. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 155.14 307.05 Td (APS estimates that its share of costs for upgrades at the Navajo Plant, based on EP) Tj ET Q q 0 0 0 rg BT 534.16 307.05 Td (A) Tj ET Q q 0 0 0 rg BT 541.19 307.05 Td () Tj ET Q q 0 0 0 rg BT 544.38 307.05 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (FIP) Tj ET Q q 0 0 0 rg BT 64.85 293.25 Td (, could be up to approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 208.25 293.25 Td ($200 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 267.35 293.25 Td (; however) Tj ET Q q 0 0 0 rg BT 312.55 293.25 Td (, given the future plans for the Navajo Plant, we do ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.45 Td (not expect to incur these costs. See "Navajo Plant" in Note 3 for information regarding future plans for the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.65 Td (Navajo Plant.) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 85.50 238.05 Td (Cholla) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 116.81 238.05 Td (. ) Tj ET Q q 0 0 0 rg BT 124.80 238.05 Td (APS believed that EP) Tj ET Q q 0 0 0 rg BT 223.09 238.05 Td (A) Tj ET Q q 0 0 0 rg BT 230.12 238.05 Td () Tj ET Q q 0 0 0 rg BT 233.31 238.05 Td (s original 2012 final ruleestablishing controls constituting BAR) Tj ET Q q 0 0 0 rg BT 527.77 238.05 Td (T) Tj ET Q q 0 0 0 rg BT 534.58 238.05 Td ( for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (Cholla, which would require installation of SCR controls, was unsupported and that EP) Tj ET Q q 0 0 0 rg BT 450.26 224.25 Td (A) Tj ET Q q 0 0 0 rg BT 457.93 224.25 Td ( had no basis for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.45 Td (disapproving ) Tj ET Q q 0 0 0 rg BT 111.79 210.45 Td (Arizona) Tj ET Q q 0 0 0 rg BT 152.03 210.45 Td (s SIP) Tj ET Q q 0 0 0 rg BT 175.57 210.45 Td ( and promulgating a FIP) Tj ET Q q 0 0 0 rg BT 286.94 210.45 Td ( that was inconsistent with the state) Tj ET Q q 0 0 0 rg BT 453.03 210.45 Td (s considered BAR) Tj ET Q q 0 0 0 rg BT 536.02 210.45 Td (T) Tj ET Q q 0 0 0 rg BT 542.84 210.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.65 Td (determinations under the regional haze program. In September 2014, ) Tj ET Q q 0 0 0 rg BT 371.41 196.65 Td (APS met with EP) Tj ET Q q 0 0 0 rg BT 451.18 196.65 Td (A) Tj ET Q q 0 0 0 rg BT 458.85 196.65 Td ( to propose a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.85 Td (compromise BAR) Tj ET Q q 0 0 0 rg BT 132.18 182.85 Td (T) Tj ET Q q 0 0 0 rg BT 139.00 182.85 Td ( strategy) Tj ET Q q 0 0 0 rg BT 177.53 182.85 Td (. ) Tj ET Q q 0 0 0 rg BT 185.52 182.85 Td (APS would permanently close Cholla Unit 2 and cease burning coal at Units 1 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.05 Td (and 3 by the mid-2020s. \(See Note 3 for details related to the resulting regulatory asset.\) ) Tj ET Q q 0 0 0 rg BT 463.40 169.05 Td (APS made the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.25 Td (proposal with the understanding that additional emission control equipment is unlikely to be required in the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.45 Td (future because retiring and/or converting the units as contemplated in the proposal is more cost ef) Tj ET Q q 0 0 0 rg BT 497.98 141.45 Td (fective than, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.65 Td (and will result in increased visibility improvement over) Tj ET Q q 0 0 0 rg BT 304.23 127.65 Td (, the current BAR) Tj ET Q q 0 0 0 rg BT 385.29 127.65 Td (T) Tj ET Q q 0 0 0 rg BT 392.11 127.65 Td ( requirements for NOx imposed on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.85 Td (the Cholla units under EP) Tj ET Q q 0 0 0 rg BT 166.63 113.85 Td (A's BAR) Tj ET Q q 0 0 0 rg BT 207.31 113.85 Td (T) Tj ET Q q 0 0 0 rg BT 214.13 113.85 Td ( FIP) Tj ET Q q 0 0 0 rg BT 232.35 113.85 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 86.25 Td (On October 16, 2015, ) Tj ET Q q 0 0 0 rg BT 187.71 86.25 Td (ADEQ issued a revised operating permit for Cholla, which incorporates ) Tj ET Q q 0 0 0 rg BT 520.17 86.25 Td (APS's ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.45 Td (proposal, and subsequently submitted a proposed revision to the SIP) Tj ET Q q 0 0 0 rg BT 363.38 72.45 Td ( to EP) Tj ET Q q 0 0 0 rg BT 390.44 72.45 Td (A, which would incorporate the new ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.65 Td (permit terms. On June 30, 2016, EP) Tj ET Q q 0 0 0 rg BT 215.82 58.65 Td (A) Tj ET Q q 0 0 0 rg BT 223.49 58.65 Td ( issued a proposed rule approving a revision to the ) Tj ET Q q 0 0 0 rg BT 457.28 58.65 Td (Arizona SIP) Tj ET Q q 0 0 0 rg BT 513.39 58.65 Td ( that ) Tj ET Q endstream endobj 305 0 obj <>] /Rotate 0 /Contents 306 0 R>> endobj 306 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (148) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (incorporates ) Tj ET Q q 0 0 0 rg BT 108.58 721.05 Td (APS) Tj ET Q q 0 0 0 rg BT 132.87 721.05 Td (s compromise approach for compliance with the Regional Haze program. In early 2017, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (EP) Tj ET Q q 0 0 0 rg BT 61.87 707.25 Td (A) Tj ET Q q 0 0 0 rg BT 69.54 707.25 Td ( approved a final rule incorporating ) Tj ET Q q 0 0 0 rg BT 234.95 707.25 Td (APS's compromise proposal, which took ef) Tj ET Q q 0 0 0 rg BT 433.58 707.25 Td (fect for Cholla on ) Tj ET Q q 0 0 0 rg BT 517.25 707.25 Td (April 26, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (2017. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 679.65 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 665.85 Td (Coal Combustion ) Tj ET Q q 0 0 0 rg BT 170.93 665.85 Td (W) Tj ET Q q 0 0 0 rg BT 180.30 665.85 Td (aste) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 198.83 665.85 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 201.70 665.85 Td ( On December 19, 2014, EP) Tj ET Q q 0 0 0 rg BT 332.87 665.85 Td (A) Tj ET Q q 0 0 0 rg BT 340.54 665.85 Td ( issued its final regulations governing the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (handling and disposal of CCR, such as fly ash and bottom ash. ) Tj ET Q q 0 0 0 rg BT 342.84 652.05 Td (The rule regulates CCR as a non-hazardous ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (waste under Subtitle D of RCRA) Tj ET Q q 0 0 0 rg BT 200.59 638.25 Td ( and establishes national minimum criteria for existing and new CCR landfills ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (and surface impoundments and all lateral expansions consisting of location restrictions, design and operating ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (criteria, groundwater monitoring and corrective action, closure requirements and post closure care, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (recordkeeping, notification, and Internet posting requirements. ) Tj ET Q q 0 0 0 rg BT 343.09 596.85 Td (The rule generally requires any existing ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (unlined CCR surface impoundment that is contaminating groundwater above a regulated constituent) Tj ET Q q 0 0 0 rg BT 513.55 583.05 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (groundwater protection standard to stop receiving CCR and either retrofit or close, and further requires the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (closure of any CCR landfill or surface impoundment that cannot meet the applicable performance criteria for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (location restrictions or structural integrity) Tj ET Q q 0 0 0 rg BT 240.37 541.65 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 514.05 Td (While EP) Tj ET Q q 0 0 0 rg BT 128.84 514.05 Td (A) Tj ET Q q 0 0 0 rg BT 136.51 514.05 Td ( has chosen to regulate the disposal of CCR in landfills and surface impoundments as non-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (hazardous waste under the final rule, the agency makes clear that it will continue to evaluate any risks ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td (associated with CCR disposal and leaves open the possibility that it may regulate CCR as a hazardous waste ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.65 Td (under RCRA) Tj ET Q q 0 0 0 rg BT 109.24 472.65 Td ( Subtitle C in the future.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 445.05 Td (On December 16, 2016, President Obama signed the ) Tj ET Q q 0 0 0 rg BT 329.93 445.05 Td (WIIN ) Tj ET Q q 0 0 0 rg BT 358.99 445.05 Td (Act into law) Tj ET Q q 0 0 0 rg BT 415.09 445.05 Td (, which contains a number of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (provisions requiring EP) Tj ET Q q 0 0 0 rg BT 157.69 431.25 Td (A) Tj ET Q q 0 0 0 rg BT 165.36 431.25 Td ( to modify the self-implementing provisions of the ) Tj ET Q q 0 0 0 rg BT 399.81 431.25 Td (Agency's current CCR rules under ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.45 Td (Subtitle D. Such modifications include new EP) Tj ET Q q 0 0 0 rg BT 268.20 417.45 Td (A) Tj ET Q q 0 0 0 rg BT 275.87 417.45 Td ( authority to directly enforce the CCR rules through the use of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.65 Td (administrative orders and providing states, like ) Tj ET Q q 0 0 0 rg BT 267.64 403.65 Td (Arizona, where the Cholla facility is located, the option of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.85 Td (developing CCR disposal unit permitting programs, subject to EP) Tj ET Q q 0 0 0 rg BT 350.30 389.85 Td (A) Tj ET Q q 0 0 0 rg BT 357.97 389.85 Td ( approval. For facilities in states that do not ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.05 Td (develop state-specific permitting programs, EP) Tj ET Q q 0 0 0 rg BT 264.65 376.05 Td (A) Tj ET Q q 0 0 0 rg BT 272.32 376.05 Td ( is required to develop a federal permit program, pending the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (availability of congressional appropriations. By contrast, for facilities located within the boundaries of Native ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.45 Td (American tribal reservations, such as the Navajo Nation, where the Navajo Plant and Four Corners facilities ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.65 Td (are located, EP) Tj ET Q q 0 0 0 rg BT 117.73 334.65 Td (A) Tj ET Q q 0 0 0 rg BT 125.40 334.65 Td ( is required to develop a federal permit program regardless of appropriated funds. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 307.05 Td (ADEQ has initiated a process to evaluate how to develop a state CCR permitting program that would ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (cover EGUs, including Cholla. ) Tj ET Q q 0 0 0 rg BT 197.17 293.25 Td (While ) Tj ET Q q 0 0 0 rg BT 227.51 293.25 Td (APS has been working with ) Tj ET Q q 0 0 0 rg BT 358.17 293.25 Td (ADEQ on the development of this program, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.45 Td (we are unable to predict when ) Tj ET Q q 0 0 0 rg BT 190.00 279.45 Td (Arizona will be able to finalize and secure EP) Tj ET Q q 0 0 0 rg BT 399.70 279.45 Td (A) Tj ET Q q 0 0 0 rg BT 407.37 279.45 Td ( approval for a state-specific ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.65 Td (CCR permitting program. ) Tj ET Q q 0 0 0 rg BT 173.55 265.65 Td (W) Tj ET Q q 0 0 0 rg BT 183.94 265.65 Td (ith respect to the Navajo Nation, ) Tj ET Q q 0 0 0 rg BT 335.64 265.65 Td (APS recently filed a comment letter with EP) Tj ET Q q 0 0 0 rg BT 539.31 265.65 Td (A) Tj ET Q q 0 0 0 rg BT 546.98 265.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.85 Td (seeking clarification as to when and how EP) Tj ET Q q 0 0 0 rg BT 252.52 251.85 Td (A) Tj ET Q q 0 0 0 rg BT 260.19 251.85 Td ( would be initiating permit proceedings for facilities on the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.05 Td (reservation, including Four Corners. ) Tj ET Q q 0 0 0 rg BT 222.08 238.05 Td (W) Tj ET Q q 0 0 0 rg BT 232.02 238.05 Td (e are unable to predict at this time when EP) Tj ET Q q 0 0 0 rg BT 431.19 238.05 Td (A) Tj ET Q q 0 0 0 rg BT 438.86 238.05 Td ( will be issuing CCR ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (management permits for the facilities on the Navajo Nation. ) Tj ET Q q 0 0 0 rg BT 330.85 224.25 Td (At this time, it remains unclear how the CCR ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.45 Td (provisions of the ) Tj ET Q q 0 0 0 rg BT 129.47 210.45 Td (WIIN ) Tj ET Q q 0 0 0 rg BT 158.53 210.45 Td (Act will af) Tj ET Q q 0 0 0 rg BT 207.50 210.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 226.98 210.45 Td (APS and its management of CCR. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 182.85 Td (Based upon utility industry petitions for EP) Tj ET Q q 0 0 0 rg BT 284.41 182.85 Td (A) Tj ET Q q 0 0 0 rg BT 292.08 182.85 Td ( to reconsider the RCRA) Tj ET Q q 0 0 0 rg BT 405.15 182.85 Td ( Subtitle D regulations for CCR, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.05 Td (which were premised in part on the CCR provisions of the 2016 ) Tj ET Q q 0 0 0 rg BT 346.33 169.05 Td (WIIN ) Tj ET Q q 0 0 0 rg BT 375.39 169.05 Td (Act, on September 13, 2017 EP) Tj ET Q q 0 0 0 rg BT 519.67 169.05 Td (A) Tj ET Q q 0 0 0 rg BT 527.34 169.05 Td ( agreed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.25 Td (to evaluate whether to revise these federal CCR regulations. ) Tj ET Q q 0 0 0 rg BT 330.85 155.25 Td (At this time, it is not clear whether EP) Tj ET Q q 0 0 0 rg BT 505.78 155.25 Td (A) Tj ET Q q 0 0 0 rg BT 513.45 155.25 Td ( will ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.45 Td (initiate further notice-and-comment rulemaking to revise the federal CCR rules, nor is it clear what aspects of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.65 Td (the federal CCR rules might be changed as a result of this process. ) Tj ET Q q 0 0 0 rg BT 360.68 127.65 Td (W) Tj ET Q q 0 0 0 rg BT 371.07 127.65 Td (ith respect to ongoing litigation initiated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.85 Td (by industry and environmental groups challenging the legality of these federal CCR regulations, on September ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.05 Td (27, 2017 the United States Court of ) Tj ET Q q 0 0 0 rg BT 214.96 100.05 Td (Appeals for the D.C. Circuit, the court overseeing these judicial challenges, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.25 Td (ordered EP) Tj ET Q q 0 0 0 rg BT 99.86 86.25 Td (A) Tj ET Q q 0 0 0 rg BT 107.53 86.25 Td ( to file by November 15, 2017 a list of federal regulatory provisions addressing CCR that are or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.45 Td (likely will be revised through EP) Tj ET Q q 0 0 0 rg BT 200.16 72.45 Td (A) Tj ET Q q 0 0 0 rg BT 207.19 72.45 Td () Tj ET Q q 0 0 0 rg BT 210.39 72.45 Td (s reconsideration proceedings. ) Tj ET Q q 0 0 0 rg BT 355.48 72.45 Td (While this filing identified certain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.65 Td (provisions of the federal CCR regulations that EP) Tj ET Q q 0 0 0 rg BT 276.82 58.65 Td (A) Tj ET Q q 0 0 0 rg BT 284.49 58.65 Td ( intends to revise, including allowances for risk-based ) Tj ET Q endstream endobj 307 0 obj <>] /Rotate 0 /Contents 308 0 R>> endobj 308 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (149) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (groundwater protection standards for regulated CCR constituents for which no federal maximum contaminant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (level has been set, it is not clear at this time which specific provisions of the federal CCR rules will be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (modified, how they will be modified, or when such modification will occur) Tj ET Q q 0 0 0 rg BT 395.40 693.45 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 665.85 Td (Pursuant to a June 24, 2016 order by the D.C. Circuit Court of ) Tj ET Q q 0 0 0 rg BT 374.25 665.85 Td (Appeals in the litigation by industry- ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (and environmental-groups challenging EP) Tj ET Q q 0 0 0 rg BT 242.30 652.05 Td (A) Tj ET Q q 0 0 0 rg BT 249.33 652.05 Td () Tj ET Q q 0 0 0 rg BT 252.53 652.05 Td (s CCR regulations, within the next ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 414.48 652.05 Td (2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 420.23 652.05 Td ( years EP) Tj ET Q q 0 0 0 rg BT 462.61 652.05 Td (A) Tj ET Q q 0 0 0 rg BT 470.28 652.05 Td ( is required to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (complete a rulemaking proceeding concerning whether or not boron must be included on the list of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (groundwater constituents that might trigger corrective action under EP) Tj ET Q q 0 0 0 rg BT 372.91 624.45 Td (A) Tj ET Q q 0 0 0 rg BT 379.94 624.45 Td () Tj ET Q q 0 0 0 rg BT 383.14 624.45 Td (s CCR rules. EP) Tj ET Q q 0 0 0 rg BT 459.72 624.45 Td (A) Tj ET Q q 0 0 0 rg BT 467.39 624.45 Td ( is not required to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (take final action approving the inclusion of boron, but EP) Tj ET Q q 0 0 0 rg BT 312.89 610.65 Td (A) Tj ET Q q 0 0 0 rg BT 320.56 610.65 Td ( must propose and consider its inclusion. Should ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (EP) Tj ET Q q 0 0 0 rg BT 61.87 596.85 Td (A) Tj ET Q q 0 0 0 rg BT 69.54 596.85 Td ( take final action adding boron to the list of groundwater constituents that might trigger corrective action, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (any resulting corrective action measures may increase ) Tj ET Q q 0 0 0 rg BT 300.17 583.05 Td (APS's costs of compliance with the CCR rule at our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (coal-fired generating facilities. ) Tj ET Q q 0 0 0 rg BT 196.06 569.25 Td (At this time ) Tj ET Q q 0 0 0 rg BT 252.61 569.25 Td (APS cannot predict when EP) Tj ET Q q 0 0 0 rg BT 385.07 569.25 Td (A) Tj ET Q q 0 0 0 rg BT 392.74 569.25 Td ( will commence its rulemaking ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (concerning boron or the eventual results of those proceedings. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 527.85 Td (APS currently disposes of CCR in ash ponds and dry storage areas at Cholla and Four Corners. ) Tj ET Q q 0 0 0 rg BT 527.88 527.85 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td (estimates that its share of incremental costs to comply with the CCR rule for Four Corners is approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td ($22 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 102.85 500.25 Td ( and its share of incremental costs to comply with the CCR rule for Cholla is approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 527.32 500.25 Td ($20 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 486.45 Td (. ) Tj ET Q q 0 0 0 rg BT 91.14 486.45 Td (The Navajo Plant currently disposes of CCR in a dry landfill storage area. ) Tj ET Q q 0 0 0 rg BT 436.39 486.45 Td (APS estimates that its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.65 Td (share of incremental costs to comply with the CCR rule for the Navajo Plant is approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.85 472.65 Td ($1 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 531.46 472.65 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.85 Td (Additionally) Tj ET Q q 0 0 0 rg BT 106.89 458.85 Td (, the CCR rule requires ongoing, phased groundwater monitoring. By October 17, 2017, electric ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.05 Td (utility companies that own or operate CCR disposal units, such as ) Tj ET Q q 0 0 0 rg BT 354.22 445.05 Td (APS, must have collected suf) Tj ET Q q 0 0 0 rg BT 489.12 445.05 Td (ficient ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (groundwater sampling data to initiate a detection monitoring program. ) Tj ET Q q 0 0 0 rg BT 378.56 431.25 Td (T) Tj ET Q q 0 0 0 rg BT 384.78 431.25 Td (o the extent that certain threshold ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.45 Td (constituents are identified through this initial detection monitoring at levels above the CCR rule) Tj ET Q q 0 0 0 rg BT 493.13 417.45 Td (s standards, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.65 Td (the rule requires the initiation of an assessment monitoring program by ) Tj ET Q q 0 0 0 rg BT 378.15 403.65 Td (April 15, 2018. If this assessment ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.85 Td (monitoring program reveals concentrations of certain constituents above the CCR rule standards that trigger ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.05 Td (remedial obligations, a corrective measures evaluation must be completed by January 2019. Depending upon ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (the results of such groundwater monitoring and data evaluations at each of Cholla, Four Corners and the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.45 Td (Navajo Plant, we may be required to take corrective actions, the costs of which we are unable to reasonably ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.65 Td (estimate at this time.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 307.05 Td (Clean Power Plan.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 174.63 307.05 Td ( On ) Tj ET Q q 0 0 0 rg BT 196.68 307.05 Td (August 3, 2015, EP) Tj ET Q q 0 0 0 rg BT 285.40 307.05 Td (A) Tj ET Q q 0 0 0 rg BT 293.07 307.05 Td ( finalized carbon pollution standards for EGUs. Shortly ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (thereafter) Tj ET Q q 0 0 0 rg BT 93.09 293.25 Td (, a coalition of states, industry groups and electric utilities challenged the legality of these standards, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.45 Td (including EP) Tj ET Q q 0 0 0 rg BT 108.18 279.45 Td (A's Clean Power Plan for existing EGUs, in the U.S. Court of ) Tj ET Q q 0 0 0 rg BT 393.59 279.45 Td (Appeals for the D.C. Circuit. On ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.65 Td (February 9, 2016, the U.S. Supreme Court granted a stay of the Clean Power Plan pending judicial review of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.85 Td (the rule, which temporarily delays compliance obligations under the Clean Power Plan. On March 28, 2017, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.05 Td (President ) Tj ET Q q 0 0 0 rg BT 94.97 238.05 Td (T) Tj ET Q q 0 0 0 rg BT 101.59 238.05 Td (rump issued an Executive Order that, among other things, instructs EP) Tj ET Q q 0 0 0 rg BT 424.39 238.05 Td (A) Tj ET Q q 0 0 0 rg BT 432.06 238.05 Td ( to reevaluate ) Tj ET Q q 0 0 0 rg BT 496.24 238.05 Td (Agency ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (regulations concerning carbon emissions from EGUs and take appropriate action to suspend, revise or rescind ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.45 Td (the ) Tj ET Q q 0 0 0 rg BT 65.79 210.45 Td (August 2015 carbon pollution standards for EGUs, including the Clean Power Plan. ) Tj ET Q q 0 0 0 rg BT 456.43 210.45 Td (Also on March 28, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.65 Td (2017, the U.S. Department of Justice, on behalf of EP) Tj ET Q q 0 0 0 rg BT 295.97 196.65 Td (A, filed a motion with the U.S. Court of ) Tj ET Q q 0 0 0 rg BT 481.88 196.65 Td (Appeals for the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.85 Td (D.C. Circuit Court to hold the ongoing litigation over the Clean Power Plan in abeyance pending EP) Tj ET Q q 0 0 0 rg BT 510.30 182.85 Td (A) Tj ET Q q 0 0 0 rg BT 517.97 182.85 Td ( action in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.05 Td (accordance with the Executive Order) Tj ET Q q 0 0 0 rg BT 219.37 169.05 Td (. ) Tj ET Q q 0 0 0 rg BT 227.36 169.05 Td (At this time, the D.C. Circuit Court proceedings evaluating the legality ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.25 Td (of the Clean Power Plan remain on hold. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 127.65 Td (Based upon EP) Tj ET Q q 0 0 0 rg BT 154.72 127.65 Td (A's reevaluation of the ) Tj ET Q q 0 0 0 rg BT 260.90 127.65 Td (August 2015 carbon pollution standards and the legal basis for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.85 Td (these regulations, on October 10, 2017, EP) Tj ET Q q 0 0 0 rg BT 245.51 113.85 Td (A) Tj ET Q q 0 0 0 rg BT 253.18 113.85 Td ( issued a proposal to repeal the Clean Power Plan. ) Tj ET Q q 0 0 0 rg BT 485.80 113.85 Td (That proposal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.05 Td (relies on EP) Tj ET Q q 0 0 0 rg BT 104.02 100.05 Td (A's current view as to the ) Tj ET Q q 0 0 0 rg BT 222.98 100.05 Td (Agency's legal authority under Clean ) Tj ET Q q 0 0 0 rg BT 395.91 100.05 Td (Air ) Tj ET Q q 0 0 0 rg BT 413.48 100.05 Td (Act Section 1) Tj ET Q q 0 0 0 rg BT 475.66 100.05 Td (1) Tj ET Q q 0 0 0 rg BT 480.98 100.05 Td (1\(d\), which \(in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.25 Td (contrast to the Clean Power Plan\) would limit the scope of any future Section 1) Tj ET Q q 0 0 0 rg BT 413.81 86.25 Td (1) Tj ET Q q 0 0 0 rg BT 419.13 86.25 Td (1\(d\) regulations to measures ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.45 Td (undertaken exclusively at a power plant's source of GHG emissions. On December 18, 2017, EP) Tj ET Q q 0 0 0 rg BT 494.44 72.45 Td (A) Tj ET Q q 0 0 0 rg BT 502.12 72.45 Td ( issued an ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.65 Td (Advanced Notice of Proposed Rulemaking through which EP) Tj ET Q q 0 0 0 rg BT 331.74 58.65 Td (A) Tj ET Q q 0 0 0 rg BT 339.41 58.65 Td ( is soliciting comments as to potential ) Tj ET Q endstream endobj 309 0 obj <>] /Rotate 0 /Contents 310 0 R>> endobj 310 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (150) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (replacements for the Clean Power Plan that would be consistent with EP) Tj ET Q q 0 0 0 rg BT 381.56 721.05 Td (A's current legal interpretation of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (Clean ) Tj ET Q q 0 0 0 rg BT 78.57 707.25 Td (Air ) Tj ET Q q 0 0 0 rg BT 96.14 707.25 Td (Act. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 679.65 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 679.65 Td (e cannot predict the outcome of EP) Tj ET Q q 0 0 0 rg BT 255.97 679.65 Td (A's regulatory actions related to the ) Tj ET Q q 0 0 0 rg BT 421.55 679.65 Td (August 2015 carbon pollution ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (standards for EGU's, including any actions related to EP) Tj ET Q q 0 0 0 rg BT 307.62 665.85 Td (A's repeal proposal for the Clean Power Plan or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (additional rulemaking actions to develop regulations replacing the Clean Power Plan. In addition, we cannot ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (predict whether the D.C. Circuit Court will continue to hold the litigation challenging the original Clean Power ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (Plan in abeyance in light of EP) Tj ET Q q 0 0 0 rg BT 190.89 624.45 Td (A's repeal proposal. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 596.85 Td (Other environmental rulesthat could involve material compliance costs include those related to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (ef) Tj ET Q q 0 0 0 rg BT 58.23 583.05 Td (fluent limitations, the ozone national ambient air quality standard and other rulesor matters involving the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (Clean ) Tj ET Q q 0 0 0 rg BT 78.57 569.25 Td (Air ) Tj ET Q q 0 0 0 rg BT 96.14 569.25 Td (Act, Clean ) Tj ET Q q 0 0 0 rg BT 147.98 569.25 Td (W) Tj ET Q q 0 0 0 rg BT 157.92 569.25 Td (ater ) Tj ET Q q 0 0 0 rg BT 177.39 569.25 Td (Act, Endangered Species ) Tj ET Q q 0 0 0 rg BT 294.91 569.25 Td (Act, RCRA, Superfund, the Navajo Nation, and water ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (supplies for our power plants. ) Tj ET Q q 0 0 0 rg BT 192.06 555.45 Td (The financial impact of complying with current and future environmental ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (rulescould jeopardize the economic viability of our coal plants or the willingness or ability of power plant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td (participants to fund any required equipment upgrades or continue their participation in these plants. ) Tj ET Q q 0 0 0 rg BT 512.36 527.85 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td (economics of continuing to own certain resources, particularly our coal plants, may deteriorate, warranting ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (early retirement of those plants, which may result in asset impairments. ) Tj ET Q q 0 0 0 rg BT 382.93 500.25 Td (APS would seek recovery in rates for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td (the book value of any remaining investments in the plants as well as other costs related to early retirement, but ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.65 Td (cannot predict whether it would obtain such recovery) Tj ET Q q 0 0 0 rg BT 293.69 472.65 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 458.85 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 445.05 Td (Federal ) Tj ET Q q 0 0 0 rg BT 89.42 445.05 Td (Agency Envir) Tj ET Q q 0 0 0 rg BT 156.61 445.05 Td (onmental Lawsuit Related to Four) Tj ET Q q 0 0 0 rg BT 325.07 445.05 Td ( Corners ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 417.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 417.45 Td (On ) Tj ET Q q 0 0 0 rg BT 101.80 417.45 Td (April 20, 2016, several environmental groups filed a lawsuit against OSM and other federal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.65 Td (agencies in the District of ) Tj ET Q q 0 0 0 rg BT 169.90 403.65 Td (Arizona in connection with their issuance of the approvals that extended the life of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.85 Td (Four Corners and the adjacent mine. ) Tj ET Q q 0 0 0 rg BT 222.39 389.85 Td (The lawsuit alleges that these federal agencies violated both ESA) Tj ET Q q 0 0 0 rg BT 522.25 389.85 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.05 Td (NEP) Tj ET Q q 0 0 0 rg BT 70.17 376.05 Td (A) Tj ET Q q 0 0 0 rg BT 77.84 376.05 Td ( in providing the federal approvals necessary to extend operations at the Four Corners Power Plant and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (the adjacent Navajo Mine past July 6, 2016. ) Tj ET Q q 0 0 0 rg BT 256.78 362.25 Td (APS filed a motion to intervene in the proceedings, which was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.45 Td (granted on ) Tj ET Q q 0 0 0 rg BT 100.60 348.45 Td (August 3, 2016. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 320.85 Td (On September 15, 2016, NTEC, the company that owns the adjacent mine, filed a motion to intervene ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.05 Td (for the purpose of dismissing the lawsuit based on NTEC's tribal sovereign immunity) Tj ET Q q 0 0 0 rg BT 441.14 307.05 Td (. On September 1) Tj ET Q q 0 0 0 rg BT 524.08 307.05 Td (1, 2017, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.79 293.25 Td (Arizona District Court issued an order granting NTEC's motion, dismissing the litigation with prejudice, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.45 Td (and terminating the proceedings. On November 9, 2017, the environmental group plaintif) Tj ET Q q 0 0 0 rg BT 463.51 279.45 Td (fs appealed the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.65 Td (district court order dismissing their lawsuit. ) Tj ET Q q 0 0 0 rg BT 255.63 265.65 Td (W) Tj ET Q q 0 0 0 rg BT 265.56 265.65 Td (e cannot predict whether this appeal will be successful and, if it ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.85 Td (is successful, the outcome of further district court proceedings. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (Four) Tj ET Q q 0 0 0 rg BT 73.57 224.25 Td ( Corners Coal Supply ) Tj ET Q q 0 0 0 rg BT 182.20 224.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 201.15 224.25 Td (eement ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 196.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 196.65 Td (Arbitration) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 169.05 Td (On June 13, 2017, ) Tj ET Q q 0 0 0 rg BT 171.75 169.05 Td (APS received a Demand for ) Tj ET Q q 0 0 0 rg BT 303.00 169.05 Td (Arbitration from NTEC in connection with the 2016 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.25 Td (Coal Supply ) Tj ET Q q 0 0 0 rg BT 108.93 155.25 Td (Agreement, dated December 30, 2013, under which NTEC supplies coal to ) Tj ET Q q 0 0 0 rg BT 456.39 155.25 Td (APS and the other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.45 Td (Four Corners owners \(collectively) Tj ET Q q 0 0 0 rg BT 206.20 141.45 Td (, the Buyer\) for use at the Four Corners Power Plant. NTEC was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.65 Td (originally seeking a declaratory judgment to support its interpretation of a provision regarding uncontrollable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.85 Td (forces in the agreement that relates to annual minimum quantities of coal to be purchased by the Buyer) Tj ET Q q 0 0 0 rg BT 521.82 113.85 Td (. NTEC ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.05 Td (also alleged a shortfall in the Buyer) Tj ET Q q 0 0 0 rg BT 213.44 100.05 Td () Tj ET Q q 0 0 0 rg BT 216.63 100.05 Td (s purchases for the initial contract year of approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 479.44 100.05 Td ($30 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.79 100.05 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.25 Td (APS) Tj ET Q q 0 0 0 rg BT 73.79 86.25 Td (s share of this amount is approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 257.44 86.25 Td ($17 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 310.79 86.25 Td (. On September 20, 2017, NTEC amended its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.45 Td (Demand for ) Tj ET Q q 0 0 0 rg BT 106.98 72.45 Td (Arbitration removing its request for a declaratory judgment and at this time is only seeking relief ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.65 Td (for the alleged shortfall in the Buyer's purchases for the initial contract year) Tj ET Q q 0 0 0 rg BT 396.46 58.65 Td (. ) Tj ET Q q 0 0 0 rg BT 404.88 58.65 Td (W) Tj ET Q q 0 0 0 rg BT 414.81 58.65 Td (e cannot predict the timing or ) Tj ET Q endstream endobj 311 0 obj <>] /Rotate 0 /Contents 312 0 R>> endobj 312 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (151) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (outcome of this arbitration; however we do not expect the outcome to have a material impact on our financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (position, results of operations or cash flows. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 679.65 Td (4CA) Tj ET Q q 0 0 0 rg BT 107.23 679.65 Td ( Matter) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 652.05 Td (On July 6, 2016, 4CA) Tj ET Q q 0 0 0 rg BT 185.82 652.05 Td ( purchased El Paso) Tj ET Q q 0 0 0 rg BT 276.20 652.05 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 283.55 652.05 Td (7%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 298.88 652.05 Td ( interest in Four Corners. NTEC had the option to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (purchase the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 110.17 638.25 Td (7%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 125.50 638.25 Td ( interest within a certain timeframe pursuant to an option granted to NTEC. On December 29, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (2015, NTEC provided notice of its intent to exercise the option. ) Tj ET Q q 0 0 0 rg BT 348.24 624.45 Td (The purchase did not occur during the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (originally contemplated timeframe. ) Tj ET Q q 0 0 0 rg BT 217.59 610.65 Td (The parties are currently in discussions as to the future of the option ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (transaction. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 573.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 573.05 Td (The 2016 Coal Supply ) Tj ET Q q 0 0 0 rg BT 191.56 573.05 Td (Agreement contains alternate pricing terms for the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 426.26 573.05 Td (7%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 441.59 573.05 Td ( interest in the event ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 559.25 Td (NTEC does not purchase the interest. ) Tj ET Q q 0 0 0 rg BT 226.44 559.25 Td (At this time, since NTEC has not yet purchased the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 465.02 559.25 Td (7%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 480.35 559.25 Td ( interest, the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 545.45 Td (alternate pricing provisions are applicable to 4CA) Tj ET Q q 0 0 0 rg BT 278.16 545.45 Td ( as the holder of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 372.05 545.45 Td (7%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 387.38 545.45 Td ( interest. ) Tj ET Q q 0 0 0 rg BT 432.52 545.45 Td (These terms include a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 531.65 Td (formula under which NTEC must make certain payments to 4CA) Tj ET Q q 0 0 0 rg BT 348.76 531.65 Td ( for reimbursement of operations and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 517.85 Td (maintenance costs and a specified rate of return, of) Tj ET Q q 0 0 0 rg BT 283.35 517.85 Td (fset by revenue generated by 4CA) Tj ET Q q 0 0 0 rg BT 438.86 517.85 Td () Tj ET Q q 0 0 0 rg BT 442.06 517.85 Td (s power sales. Such ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 504.05 Td (payments are due to 4CA) Tj ET Q q 0 0 0 rg BT 165.75 504.05 Td ( at the end of each calendar year) Tj ET Q q 0 0 0 rg BT 313.57 504.05 Td (. ) Tj ET Q q 0 0 0 rg BT 321.56 504.05 Td (A) Tj ET Q q 0 0 0 rg BT 329.23 504.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 332.11 504.05 Td ($10 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 385.46 504.05 Td ( payment was due to 4CA) Tj ET Q q 0 0 0 rg BT 503.96 504.05 Td ( at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (December 31, 2017, which NTEC satisfied by directing to 4CA) Tj ET Q q 0 0 0 rg BT 341.74 490.25 Td ( a prepayment from ) Tj ET Q q 0 0 0 rg BT 434.35 490.25 Td (APS of a portion of a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 476.45 Td (future mine reclamation obligation. ) Tj ET Q q 0 0 0 rg BT 217.91 476.45 Td (The balance of the amount under this formula at December 31, 2017 is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 462.65 Td (approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 118.80 462.65 Td ($20 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 172.15 462.65 Td (, which is due to 4CA) Tj ET Q q 0 0 0 rg BT 271.82 462.65 Td ( at December 31, 2018. In future years there may be similar ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 448.85 Td (payments due from NTEC to 4CA) Tj ET Q q 0 0 0 rg BT 206.97 448.85 Td ( under this formula. 4CA) Tj ET Q q 0 0 0 rg BT 324.52 448.85 Td ( believes NTEC should continue to satisfy its ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 435.05 Td (contractual obligations related to these payments; however) Tj ET Q q 0 0 0 rg BT 319.21 435.05 Td (, if NTEC fails to meet its contractual obligations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 421.25 Td (when due, 4CA) Tj ET Q q 0 0 0 rg BT 120.73 421.25 Td ( will consider appropriate measures and potential impacts to the Company's financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 407.45 Td (statements.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 383.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 97.75 383.65 Td (Assurances) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 369.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 356.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 356.05 Td (In the normal course of business, we obtain standby letters of credit and surety bonds from financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 342.25 Td (institutions and other third parties. ) Tj ET Q q 0 0 0 rg BT 213.15 342.25 Td (These instruments guarantee our own future performance and provide third ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 328.45 Td (parties with financial and performance assurance in the event we do not perform. ) Tj ET Q q 0 0 0 rg BT 424.82 328.45 Td (These instruments support ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 314.65 Td (certain commodity contract collateral obligations and other transactions. ) Tj ET Q q 0 0 0 rg BT 387.37 314.65 Td (As of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 415.48 314.65 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 505.86 314.65 Td (, standby ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 300.85 Td (letters of credit totaled ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 156.15 300.85 Td ($5 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 203.76 300.85 Td ( and will expire in 2018. ) Tj ET Q q 0 0 0 rg BT 321.30 300.85 Td (As of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 349.41 300.85 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 439.78 300.85 Td (, surety bonds expiring ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 287.05 Td (through 2019 totaled ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 148.19 287.05 Td ($62 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 201.55 287.05 Td (. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 210.17 287.05 Td (The underlying liabilities insured by these instruments are reflected on our ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 273.85 Td (balance sheets, where applicable. ) Tj ET Q q 0 0 0 rg BT 198.34 273.85 Td (Therefore, no additional liability is reflected for the letters of credit and surety ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 260.65 Td (bonds themselves. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 246.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 233.05 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 233.05 Td (e enter into agreements that include indemnification provisions relating to liabilities arising from or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 219.25 Td (related to certain of our agreements. Most significantly) Tj ET Q q 0 0 0 rg BT 304.55 219.25 Td (, ) Tj ET Q q 0 0 0 rg BT 309.67 219.25 Td (APS has agreed to indemnify the equity participants ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 205.45 Td (and other parties in the Palo ) Tj ET Q q 0 0 0 rg BT 180.87 205.45 Td (V) Tj ET Q q 0 0 0 rg BT 187.90 205.45 Td (erde sale leaseback transactions with respect to certain tax matters. Generally) Tj ET Q q 0 0 0 rg BT 545.43 205.45 Td (, a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 191.65 Td (maximum obligation is not explicitly stated in the indemnification provisions and, therefore, the overall ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 177.85 Td (maximum amount of the obligation under such indemnification provisions cannot be reasonably estimated. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 164.05 Td (Based on historical experience and evaluation of the specific indemnities, we do not believe that any material ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 150.25 Td (loss related to such indemnification provisions is likely) Tj ET Q q 0 0 0 rg BT 302.68 150.25 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 136.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 122.65 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 122.65 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 122.65 Td (est has issued parental guarantees and has provided indemnification under certain surety ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 108.85 Td (bonds for ) Tj ET Q q 0 0 0 rg BT 95.50 108.85 Td (APS which were not material at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 244.97 108.85 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 335.34 108.85 Td (. Since July 6, 2016, Pinnacle ) Tj ET Q q 0 0 0 rg BT 476.95 108.85 Td (W) Tj ET Q q 0 0 0 rg BT 486.89 108.85 Td (est has issued ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 95.05 Td (four) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 68.66 95.05 Td ( parental guarantees for 4CA) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 201.50 95.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 204.25 95.05 Td (relating to payment obligations arising from 4CA) Tj ET Q q 0 0 0 rg BT 430.38 95.05 Td () Tj ET Q q 0 0 0 rg BT 433.58 95.05 Td (s acquisition of El Paso) Tj ET Q q 0 0 0 rg BT 544.74 95.05 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 81.25 Td (7%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 64.83 81.25 Td ( interest in Four Corners, and pursuant to the Four Corners participation agreement payment obligations ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 67.45 Td (arising from 4CA) Tj ET Q q 0 0 0 rg BT 129.36 67.45 Td () Tj ET Q q 0 0 0 rg BT 132.55 67.45 Td (s ownership interest in Four Corners.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 53.65 Td () Tj ET Q endstream endobj 313 0 obj <>] /Rotate 0 /Contents 314 0 R>> endobj 314 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (152) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (1) Tj ET Q q 0 0 0 rg BT 54.62 721.25 Td (1) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 60.37 721.25 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 721.25 Td (Asset Retir) Tj ET Q q 0 0 0 rg BT 139.90 721.25 Td (ement Obligations) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 229.66 721.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 693.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.65 Td (In 2017, ) Tj ET Q q 0 0 0 rg BT 126.07 693.65 Td (APS received a new decommissioning study for the Navajo Plant. ) Tj ET Q q 0 0 0 rg BT 435.03 693.65 Td (This resulted in an increase ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (to the ) Tj ET Q q 0 0 0 rg BT 77.61 679.85 Td (ARO in the amount of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 183.34 679.85 Td ($22 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 236.69 679.85 Td (, an increase in regulatory asset of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 396.35 679.85 Td ($2 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 443.95 679.85 Td ( and a reduction of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (regulatory liability of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 150.74 666.05 Td ($20 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 204.09 666.05 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 638.45 Td (In 2016, ) Tj ET Q q 0 0 0 rg BT 126.07 638.45 Td (APS recognized an ) Tj ET Q q 0 0 0 rg BT 216.46 638.45 Td (ARO for the Ocotillo steam units as a condition of the air permit \(issued in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (2016\) to allow the construction and operation of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 274.34 624.65 Td (five) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 292.22 624.65 Td ( new turbine units. ) Tj ET Q q 0 0 0 rg BT 380.49 624.65 Td (This resulted in an increase to the ) Tj ET Q q 0 0 0 rg BT 537.29 624.65 Td (ARO ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.85 Td (in the amount of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 128.07 610.85 Td ($10 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 181.42 610.85 Td (. In addition, 4CA) Tj ET Q q 0 0 0 rg BT 267.03 610.85 Td ( acquired El Paso's share of Four Corners Units 4 and 5 and the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.05 Td (associated ) Tj ET Q q 0 0 0 rg BT 99.00 597.05 Td (ARO. ) Tj ET Q q 0 0 0 rg BT 131.70 597.05 Td (This resulted in an increase to the ) Tj ET Q q 0 0 0 rg BT 288.50 597.05 Td (ARO in the amount of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 394.23 597.05 Td ($9 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 441.83 597.05 Td (. In addition, Four ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.25 Td (Corners spent ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 115.94 583.25 Td ($16 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 169.29 583.25 Td ( in actual decommissioning costs. Finally) Tj ET Q q 0 0 0 rg BT 361.79 583.25 Td (, in 2016, ) Tj ET Q q 0 0 0 rg BT 407.47 583.25 Td (APS received a new ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.45 Td (decommissioning study for the Palo ) Tj ET Q q 0 0 0 rg BT 217.63 569.45 Td (V) Tj ET Q q 0 0 0 rg BT 224.66 569.45 Td (erde Generating Station. ) Tj ET Q q 0 0 0 rg BT 342.29 569.45 Td (This resulted in an increase to the ) Tj ET Q q 0 0 0 rg BT 499.10 569.45 Td (ARO in the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.65 Td (amount of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 99.32 555.65 Td ($151 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 158.43 555.65 Td (, an increase in plant in service of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 315.85 555.65 Td ($131 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 374.96 555.65 Td (, and a reduction of the regulatory ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.85 Td (liability of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 100.61 541.85 Td ($20 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 153.96 541.85 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 514.25 Td (The following table shows the change in our asset retirement obligations for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 438.72 514.25 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 461.72 514.25 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 484.08 514.25 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 507.08 514.25 Td ( \(dollars in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.45 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 464.15 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 464.15 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 464.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 464.15 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 436.15 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 436.15 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 436.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 436.15 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 408.15 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 408.15 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 408.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 408.15 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 380.15 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 380.15 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 380.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 380.15 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 464.15 m 493 464.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 464.15 m 562 464.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 380.15 m 493 380.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 380.15 m 562 380.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 380.15 m 493 380.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 367.15 m 493 367.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 365.15 m 493 365.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 380.15 m 562 380.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 367.15 m 562 367.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 365.15 m 562 365.15 l s BT /F1 11.50 Tf ET q 0 0 0 rg BT 448.50 465.73 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 517.50 465.73 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 453.68 Td (Asset retirement obligations at the beginning of year) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 453.68 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 451.25 453.68 Td (624,475) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 453.68 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 520.25 453.68 Td (443,576) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 58.50 439.68 Td (Changes attributable to:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 489.50 439.68 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.50 439.68 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 70.50 425.68 Td (Accretion expense) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 457.00 425.68 Td (33,104) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 526.00 425.68 Td (26,656) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 70.50 411.68 Td (Settlements) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.15 411.68 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 522.15 411.68 Td (\(15,732) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 557.65 411.68 Td (\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 70.50 397.68 Td (Estimated cash flow revisions) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 457.00 397.68 Td (21,950) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 520.25 397.68 Td (151,046) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 70.50 383.68 Td (Newly incurred or acquired obligations) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.15 383.68 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 526.00 383.68 Td (18,929) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 52.50 369.68 Td (Asset retirement obligations at the end of year) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 430.50 369.68 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 451.25 369.68 Td (679,529) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 499.50 369.68 Td ($) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 520.25 369.68 Td (624,475) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 352.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 339.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 339.05 Td (In accordance with regulatory accounting, ) Tj ET Q q 0 0 0 rg BT 281.56 339.05 Td (APS accrues removal costs for its regulated utility assets, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 325.25 Td (even if there is no legal obligation for removal. See detail of regulatory liabilities in Note 3.) Tj ET Q endstream endobj 315 0 obj <>] /Rotate 0 /Contents 316 0 R>> endobj 316 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (153) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (12) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 61.00 721.25 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 721.25 Td (Selected Quarterly Financial Data \(Unaudited\)) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 315.48 721.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.65 Td (Consolidated quarterly financial information for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 310.01 693.65 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 333.01 693.65 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 355.36 693.65 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 378.36 693.65 Td ( is provided in the tables below \(dollars ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (in thousands, except per share amounts\). ) Tj ET Q q 0 0 0 rg BT 241.87 679.85 Td (W) Tj ET Q q 0 0 0 rg BT 251.80 679.85 Td (eather conditions cause significant seasonal fluctuations in our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (revenues; therefore, results for interim periods do not necessarily represent results expected for the year) Tj ET Q q 0 0 0 rg BT 525.62 666.05 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 617.75 196.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 617.75 60.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.00 617.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 617.75 60.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 617.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 617.75 60.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 617.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 617.75 60.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 617.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 617.75 60.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 579.75 196.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 579.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.00 579.75 4.00 -14.00 re f /GS0 gs 0.8 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617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 617.75 m 498 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 617.75 m 562 617.75 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 632.47 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.45 633.83 Td (2017 Quarter) Tj ET Q q 0 0 0 rg BT 382.37 633.83 Td ( Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.50 633.83 Td (2017) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 620.47 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.00 621.83 Td (Mar) Tj ET Q q 0 0 0 rg BT 273.03 621.83 Td (ch31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.25 621.83 Td (June30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.10 621.83 Td (September) Tj ET Q q 0 0 0 rg BT 415.91 621.83 Td (30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.25 621.83 Td (December) Tj ET Q q 0 0 0 rg BT 478.82 621.83 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.75 621.83 Td (T) Tj ET Q q 0 0 0 rg BT 527.35 621.83 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 598.42 Td (Operating revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.50 598.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.65 598.42 Td (677,728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.50 598.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 598.42 Td (944,587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 598.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.10 598.42 Td (1,183,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 598.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 598.42 Td (759,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 598.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.10 598.42 Td (3,565,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 584.32 Td (Operations and maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.65 584.32 Td (219,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 584.32 Td (214,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 584.32 Td (224,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 584.32 Td (266,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 584.32 Td (924,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 570.32 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.65 570.32 Td (73,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 570.32 Td (304,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 570.32 Td (466,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 570.32 Td (90,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 570.32 Td (934,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 556.32 Td (Income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.65 556.32 Td (4,21) Tj ET Q q 0 0 0 rg BT 297.15 556.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 556.32 Td (88,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 556.32 Td (144,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 556.32 Td (20,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 556.32 Td (258,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 542.32 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.65 542.32 Td (28,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 542.32 Td (172,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 542.32 Td (280,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 542.32 Td (26,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 542.32 Td (507,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 528.32 Td (Net income attributable to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 518.32 Td (shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.65 517.42 Td (23,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 517.42 Td (167,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 517.42 Td (276,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 517.42 Td (21,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 517.42 Td (488,456) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 490.48 Td (Earnings Per) Tj ET Q q 0 0 0 rg BT 108.71 490.48 Td ( Shar) Tj ET Q q 0 0 0 rg BT 131.59 490.48 Td (e:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 302.50 489.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 366.50 489.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 430.50 489.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 494.50 489.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 489.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 477.32 Td (Net income attributable to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 467.32 Td (shareholders Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.50 467.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 467.42 Td (0.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.50 467.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 467.42 Td (1.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 467.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 467.42 Td (2.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 467.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 467.42 Td (0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 467.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 467.42 Td (4.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 453.32 Td (Net income attributable to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 443.32 Td (shareholders Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 443.42 Td (0.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 443.42 Td (1.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 443.42 Td (2.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 443.42 Td (0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 443.42 Td (4.35) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 425.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 390.95 196.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 390.95 60.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.00 390.95 4.00 -24.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 502.00 324.95 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 286.95 196.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 286.95 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.00 286.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 286.95 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 286.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 286.95 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 286.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 286.95 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 286.95 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 286.95 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 260.95 196.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.00 260.95 60.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.00 260.95 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 260.95 60.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 260.95 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 260.95 60.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 260.95 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 260.95 60.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 260.95 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 260.95 60.00 -24.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246 402.95000000000005 m 306 402.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 402.95000000000005 m 310 402.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 402.95000000000005 m 370 402.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 402.95000000000005 m 374 402.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 402.95000000000005 m 434 402.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 402.95000000000005 m 438 402.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 402.95000000000005 m 498 402.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 402.95000000000005 m 562 402.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246 390.95000000000005 m 306 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 402.95000000000005 m 370 402.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 390.95000000000005 m 370 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 390.95000000000005 m 434 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 390.95000000000005 m 498 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 390.95000000000005 m 562 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246 390.95000000000005 m 306 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 390.95000000000005 m 370 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 390.95000000000005 m 434 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 390.95000000000005 m 498 390.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 390.95000000000005 m 562 390.95000000000005 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 405.67 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.45 407.03 Td (2016 Quarter) Tj ET Q q 0 0 0 rg BT 382.37 407.03 Td ( Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.50 407.03 Td (2016) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 393.67 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.00 395.03 Td (Mar) Tj ET Q q 0 0 0 rg BT 273.03 395.03 Td (ch31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.25 395.03 Td (June30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.10 395.03 Td (September) Tj ET Q q 0 0 0 rg BT 415.91 395.03 Td (30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.25 395.03 Td (December) Tj ET Q q 0 0 0 rg BT 478.82 395.03 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.75 395.03 Td (T) Tj ET Q q 0 0 0 rg BT 527.35 395.03 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 371.62 Td (Operating revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.50 371.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.65 371.62 Td (677,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.50 371.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 371.62 Td (915,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 371.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.10 371.62 Td (1,166,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 371.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 371.62 Td (739,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 371.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.10 371.62 Td (3,498,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 357.52 Td (Operations and maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.65 357.52 Td (243,195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 357.52 Td (242,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 357.52 Td (217,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 357.52 Td (208,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 357.52 Td (91) Tj ET Q q 0 0 0 rg BT 535.65 357.52 Td (1,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 343.52 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.65 343.52 Td (50,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 343.52 Td (231,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 343.52 Td (451,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 343.52 Td (122,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 343.52 Td (855,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 329.52 Td (Income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.65 329.52 Td (1,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 329.52 Td (65,742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 329.52 Td (141,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 329.52 Td (27,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 329.52 Td (236,41) Tj ET Q q 0 0 0 rg BT 553.15 329.52 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 315.52 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.65 315.52 Td (9,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 315.52 Td (126,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 315.52 Td (267,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 315.52 Td (58,1) Tj ET Q q 0 0 0 rg BT 484.15 315.52 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 315.52 Td (461,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 301.52 Td (Net income attributable to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 291.52 Td (shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.65 291.62 Td (4,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 291.62 Td (121,308) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 291.62 Td (263,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 291.62 Td (53,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 291.62 Td (442,034) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 264.68 Td (Earnings Per) Tj ET Q q 0 0 0 rg BT 108.71 264.68 Td ( Shar) Tj ET Q q 0 0 0 rg BT 131.59 264.68 Td (e:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 302.50 263.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 366.50 263.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 430.50 263.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 494.50 263.71 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 263.71 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 251.52 Td (Net income attributable to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 241.52 Td (shareholders Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.50 241.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 241.62 Td (0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.50 241.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 241.62 Td (1.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 241.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 241.62 Td (2.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 241.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 241.62 Td (0.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 241.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 241.62 Td (3.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 227.52 Td (Net income attributable to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 217.52 Td (shareholders Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 217.62 Td (0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 217.62 Td (1.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 217.62 Td (2.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 217.62 Td (0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 217.62 Td (3.95) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 199.65 Td () Tj ET Q endstream endobj 317 0 obj <>] /Rotate 0 /Contents 318 0 R>> endobj 318 0 obj <> stream BT /F2 11.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 1.09 w 0 i [] 0 d 1 J 1 j 3 M 50 769.9503173828125 m 139.3515625 769.9503173828125 l s q 0 0 1 rg BT 50.00 771.75 Td (T) Tj ET Q q 0 0 1 rg BT 56.61 771.75 Td (able of Contents ) Tj ET Q BT /F2 11.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 744.15 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 744.15 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 744.15 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 744.15 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 744.15 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 744.15 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 744.15 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (154) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (Selected Quarterly Financial Data \(Unaudited\) - ) Tj ET Q q 0 0 0 rg BT 288.43 721.25 Td (APS) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 310.16 721.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.65 Td (APS's quarterly financial information for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 276.96 693.65 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 299.96 693.65 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 322.32 693.65 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 345.32 693.65 Td ( is as follows \(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 679.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 637.35 222.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.00 637.35 55.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 637.35 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 637.35 55.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 637.35 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 637.35 55.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 637.35 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 637.35 55.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 637.35 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 637.35 55.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 599.35 222.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.00 599.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 599.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 599.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 599.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 599.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 599.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 599.35 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 599.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 599.35 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 657.35 m 327 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 657.35 m 331 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 657.35 m 386 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 657.35 m 390 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 657.35 m 445 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 657.35 m 449 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 657.35 m 504 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 657.35 m 563 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 637.35 m 327 637.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 657.35 m 386 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 637.35 m 386 637.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 657.35 m 445 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 637.35 m 445 637.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 657.35 m 504 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 637.35 m 504 637.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 637.35 m 563 637.35 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 660.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.45 661.43 Td (2017 Quarter) Tj ET Q q 0 0 0 rg BT 397.37 661.43 Td ( Ended,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.00 661.43 Td (2017) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 640.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.50 641.58 Td (Mar) Tj ET Q q 0 0 0 rg BT 296.53 641.58 Td (ch31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.75 641.58 Td (June30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.60 641.58 Td (September) Tj ET Q q 0 0 0 rg BT 429.41 641.58 Td (30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.75 641.58 Td (December) Tj ET Q q 0 0 0 rg BT 487.32 641.58 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.25 641.58 Td (T) Tj ET Q q 0 0 0 rg BT 530.85 641.58 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 618.02 Td (Operating revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.50 618.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.65 618.02 Td (676,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.50 618.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 618.02 Td (942,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.50 618.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.10 618.02 Td (1,178,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.50 618.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 618.02 Td (756,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.50 618.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 618.02 Td (3,554,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 603.92 Td (Operations and maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.65 603.92 Td (212,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 603.92 Td (208,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 603.92 Td (215,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 603.92 Td (255,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 603.92 Td (891,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 589.92 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 589.92 Td (65,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 589.92 Td (212,790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 589.92 Td (322,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 589.92 Td (79,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 589.92 Td (679,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 575.92 Td (Net income attributable to common shareholder) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 575.92 Td (23,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 575.92 Td (169,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 575.92 Td (284,256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 575.92 Td (27,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 575.92 Td (504,309) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 558.05 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 515.55 226.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.00 515.55 54.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 515.55 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 515.55 54.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 515.55 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 515.55 55.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 515.55 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 515.55 54.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 515.55 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 515.55 54.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 477.55 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.00 477.55 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 477.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 477.55 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 477.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 477.55 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 477.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 477.55 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 477.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 477.55 54.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 535.55 m 330 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 535.55 m 334 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 535.55 m 388 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 535.55 m 392 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 535.55 m 447 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 535.55 m 451 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 535.55 m 505 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 535.55 m 563 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 515.55 m 330 515.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 535.55 m 388 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 515.55 m 388 515.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 535.55 m 447 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 515.55 m 447 515.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 535.55 m 505 535.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 515.55 m 505 515.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 515.55 m 563 515.55 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 538.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.95 539.63 Td (2016 Quarter) Tj ET Q q 0 0 0 rg BT 399.87 539.63 Td ( Ended,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.50 539.63 Td (2016) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 518.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.00 519.78 Td (Mar) Tj ET Q q 0 0 0 rg BT 300.03 519.78 Td (ch31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.25 519.78 Td (June30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.60 519.78 Td (September) Tj ET Q q 0 0 0 rg BT 431.41 519.78 Td (30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.25 519.78 Td (December) Tj ET Q q 0 0 0 rg BT 488.82 519.78 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 519.78 Td (T) Tj ET Q q 0 0 0 rg BT 531.35 519.78 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 496.22 Td (Operating revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.50 496.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 496.22 Td (676,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.50 496.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 496.22 Td (909,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 496.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.10 496.22 Td (1,166,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.50 496.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 496.22 Td (737,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.50 496.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 496.22 Td (3,489,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 482.12 Td (Operations and maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 482.12 Td (238,71) Tj ET Q q 0 0 0 rg BT 321.15 482.12 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 482.12 Td (233,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 482.12 Td (209,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 482.12 Td (197,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 482.12 Td (879,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 468.12 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 468.12 Td (48,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 468.12 Td (165,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 468.12 Td (307,601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 468.12 Td (95,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 468.12 Td (617,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 454.12 Td (Net income attributable to common shareholder) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.65 454.12 Td (7,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 454.12 Td (127,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 454.12 Td (269,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 454.12 Td (58,480) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 454.12 Td (462,141) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 436.25 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 422.45 Td (13) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 61.00 422.45 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 422.45 Td (Fair) Tj ET Q q 0 0 0 rg BT 106.37 422.45 Td ( ) Tj ET Q q 0 0 0 rg BT 109.03 422.45 Td (V) Tj ET Q q 0 0 0 rg BT 116.28 422.45 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 177.08 422.45 Td (ements) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 211.57 422.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 408.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 394.85 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 394.85 Td (e classify our assets and liabilities that are carried at fair value within the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 522.58 394.85 Td (. ) Tj ET Q q 0 0 0 rg BT 530.99 394.85 Td (This ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 381.05 Td (hierarchy ranks the quality and reliability of the inputs used to determine fair values, which are then classified ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 367.25 Td (and disclosed in one of three categories. ) Tj ET Q q 0 0 0 rg BT 239.30 367.25 Td (The three levels of the fair value hierarchy are:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 353.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 339.65 Td (Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 312.05 Td (Level 2 Other significant observable inputs, including quoted prices in active markets for similar ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 298.25 Td (assets or liabilities; quoted prices in markets that are not active, and model-derived valuations whose inputs are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 284.45 Td (observable \(such as yield curves\). ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 270.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 256.85 Td (Level 3 ) Tj ET Q q 0 0 0 rg BT 137.35 256.85 Td (V) Tj ET Q q 0 0 0 rg BT 144.38 256.85 Td (aluation models with significant unobservable inputs that are supported by little or no ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 243.05 Td (market activity) Tj ET Q q 0 0 0 rg BT 118.05 243.05 Td (. Instruments in this category include long-dated derivative transactions where valuations are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 229.25 Td (unobservable due to the length of the transaction, options, and transactions in locations where observable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 215.45 Td (market data does not exist. ) Tj ET Q q 0 0 0 rg BT 178.00 215.45 Td (The valuation models we employ utilize spot prices, forward prices, historical ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 201.65 Td (market data and other factors to forecast future prices.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 187.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 174.05 Td (Assets and liabilities are classified in their entirety based on the lowest level of input that is significant ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 160.25 Td (to the fair value measurement. ) Tj ET Q q 0 0 0 rg BT 194.58 160.25 Td (Thus, a valuation may be classified in Level 3 even though the valuation may ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 146.45 Td (include significant inputs that are readily observable. ) Tj ET Q q 0 0 0 rg BT 298.71 146.45 Td (W) Tj ET Q q 0 0 0 rg BT 308.64 146.45 Td (e maximize the use of observable inputs and minimize ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 132.65 Td (the use of unobservable inputs. ) Tj ET Q q 0 0 0 rg BT 197.81 132.65 Td (W) Tj ET Q q 0 0 0 rg BT 207.74 132.65 Td (e rely primarily on the market approach of using prices and other market ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 118.85 Td (information for identical and/or comparable assets and liabilities. If market data is not readily available, inputs ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 105.05 Td (may reflect our own assumptions about the inputs market participants would use. Our assessment of the inputs ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 91.25 Td (and the significance of a particular input to the fair value measurement requires judgment and may af) Tj ET Q q 0 0 0 rg BT 514.87 91.25 Td (fect the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 77.45 Td (valuation of fair value assets and liabilities as well as their placement within the fair value hierarchy levels. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 63.65 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 63.65 Td (e assess whether a market is active by obtaining observable broker quotes, reviewing actual market activity) Tj ET Q q 0 0 0 rg BT 551.75 63.65 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 49.85 Td (and assessing the volume of transactions. ) Tj ET Q q 0 0 0 rg BT 244.76 49.85 Td (W) Tj ET Q q 0 0 0 rg BT 254.69 49.85 Td (e consider broker quotes observable inputs when the quote is ) Tj ET Q endstream endobj 319 0 obj <>] /Rotate 0 /Contents 320 0 R>> endobj 320 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (155) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (binding on the broker) Tj ET Q q 0 0 0 rg BT 148.37 721.05 Td (, we can validate the quote with market activity) Tj ET Q q 0 0 0 rg BT 365.73 721.05 Td (, or we can determine that the inputs the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (broker used to arrive at the quoted price are observable.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 679.65 Td (Certain instruments have been valued using the concept of NA) Tj ET Q q 0 0 0 rg BT 372.40 679.65 Td (V) Tj ET Q q 0 0 0 rg BT 379.22 679.65 Td (, as a practical expedient. ) Tj ET Q q 0 0 0 rg BT 498.11 679.65 Td (These ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (instruments are typically structured as investment companies of) Tj ET Q q 0 0 0 rg BT 342.15 665.85 Td (fering shares or units to multiple investors for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (the purpose of providing a return. ) Tj ET Q q 0 0 0 rg BT 206.74 652.05 Td (These instruments are similar to mutual funds; however) Tj ET Q q 0 0 0 rg BT 462.74 652.05 Td (, their NA) Tj ET Q q 0 0 0 rg BT 507.57 652.05 Td (V) Tj ET Q q 0 0 0 rg BT 515.67 652.05 Td ( is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (generally not published and publicly available, nor are these instruments traded on an exchange. Instruments ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (valued using NA) Tj ET Q q 0 0 0 rg BT 125.95 624.45 Td (V) Tj ET Q q 0 0 0 rg BT 132.78 624.45 Td (, as a practical expedient are included in our fair value disclosures however) Tj ET Q q 0 0 0 rg BT 478.14 624.45 Td (, in accordance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (with GAAP) Tj ET Q q 0 0 0 rg BT 103.71 610.65 Td ( are not classified within the fair value hierarchy levels.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (Recurring Fair) Tj ET Q q 0 0 0 rg BT 123.70 583.05 Td ( ) Tj ET Q q 0 0 0 rg BT 126.37 583.05 Td (V) Tj ET Q q 0 0 0 rg BT 133.62 583.05 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 194.42 583.05 Td (ements) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 555.45 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 555.45 Td (e apply recurring fair value measurements to certain cash equivalents, derivative instruments, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (investments held in our coal reclamation escrow accounts and nuclear decommissioning trust. On an annual ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td (basis we apply fair value measurements to plan assets held in our retirement and other benefit plans. See Note ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td (7 for fair value discussion of plan assets held in our retirement and other benefit plans.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 500.25 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 486.45 Td (Cash Equivalents) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 472.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 458.85 Td (Cash equivalents represent short-term investments with original maturities of three months or less in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.05 Td (exchange traded money market funds that are valued using quoted prices in active markets.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 417.45 Td (Risk Management ) Tj ET Q q 0 0 0 rg BT 174.53 417.45 Td (Activities Derivative Instruments) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 403.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 389.85 Td (Exchange traded commodity contracts are valued using unadjusted quoted prices. For non-exchange ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.05 Td (traded commodity contracts, we calculate fair value based on the average of the bid and of) Tj ET Q q 0 0 0 rg BT 465.04 376.05 Td (fer price, discounted ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (to reflect net present value. ) Tj ET Q q 0 0 0 rg BT 179.89 362.25 Td (W) Tj ET Q q 0 0 0 rg BT 189.82 362.25 Td (e maintain certain valuation adjustments for a number of risks associated with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.45 Td (the valuation of future commitments. ) Tj ET Q q 0 0 0 rg BT 225.91 348.45 Td (These include valuation adjustments for liquidity and credit risks. ) Tj ET Q q 0 0 0 rg BT 533.27 348.45 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.65 Td (liquidity valuation adjustment represents the cost that would be incurred if all unmatched positions were closed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.85 Td (out or hedged. ) Tj ET Q q 0 0 0 rg BT 121.15 320.85 Td (The credit valuation adjustment represents estimated credit losses on our net exposure to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.05 Td (counterparties, taking into account netting agreements, expected default experience for the credit rating of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (counterparties and the overall diversification of the portfolio. ) Tj ET Q q 0 0 0 rg BT 336.06 293.25 Td (W) Tj ET Q q 0 0 0 rg BT 346.00 293.25 Td (e maintain credit policies that management ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.45 Td (believes minimize overall credit risk.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 265.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 251.85 Td (Certain non-exchange traded commodity contracts are valued based on unobservable inputs due to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.05 Td (long-term nature of contracts, characteristics of the product, or the unique location of the transactions. Our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (long-dated ener) Tj ET Q q 0 0 0 rg BT 121.14 224.25 Td (gy transactions consist of observable valuations for the near) Tj ET Q q 0 0 0 rg BT 396.19 224.25 Td (-term portion and unobservable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.45 Td (valuations for the long-term portions of the transaction. ) Tj ET Q q 0 0 0 rg BT 309.90 210.45 Td (W) Tj ET Q q 0 0 0 rg BT 319.83 210.45 Td (e rely primarily on broker quotes to value these ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.65 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 111.58 196.65 Td (When our valuations utilize broker quotes, we perform various control procedures to ensure the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.85 Td (quote has been developed consistent with fair value accounting guidance. ) Tj ET Q q 0 0 0 rg BT 392.91 182.85 Td (These controls include assessing the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.05 Td (quote for reasonableness by comparison against other broker quotes, reviewing historical price relationships, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.25 Td (and assessing market activity) Tj ET Q q 0 0 0 rg BT 183.21 155.25 Td (. ) Tj ET Q q 0 0 0 rg BT 191.63 155.25 Td (When broker quotes are not available, the primary valuation technique used to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.45 Td (calculate the fair value is the extrapolation of forward pricing curves using observable market data for more ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.65 Td (liquid delivery points in the same region and actual transactions at more illiquid delivery points.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 113.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 100.05 Td (When the unobservable portion is significant to the overall valuation of the transaction, the entire ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.25 Td (transaction is classified as Level 3. Our classification of instruments as Level 3 is primarily reflective of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.45 Td (long-term nature of our ener) Tj ET Q q 0 0 0 rg BT 179.57 72.45 Td (gy transactions.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 58.65 Td () Tj ET Q endstream endobj 321 0 obj <>] /Rotate 0 /Contents 322 0 R>> endobj 322 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (156) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (Our ener) Tj ET Q q 0 0 0 rg BT 125.84 721.05 Td (gy risk management committee, consisting of of) Tj ET Q q 0 0 0 rg BT 347.60 721.05 Td (ficers and key management personnel, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (oversees our ener) Tj ET Q q 0 0 0 rg BT 129.75 707.25 Td (gy risk management activities to ensure compliance with our stated ener) Tj ET Q q 0 0 0 rg BT 461.67 707.25 Td (gy risk management ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (policies. ) Tj ET Q q 0 0 0 rg BT 93.69 693.45 Td (W) Tj ET Q q 0 0 0 rg BT 103.62 693.45 Td (e have a risk control function that is responsible for valuing our derivative commodity instruments ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (in accordance with established policies and procedures. ) Tj ET Q q 0 0 0 rg BT 310.19 679.65 Td (The risk control function reports to the chief financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (of) Tj ET Q q 0 0 0 rg BT 58.87 665.85 Td (ficer) Tj ET Q q 0 0 0 rg BT 80.36 665.85 Td () Tj ET Q q 0 0 0 rg BT 83.56 665.85 Td (s or) Tj ET Q q 0 0 0 rg BT 100.28 665.85 Td (ganization.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 652.05 Td () Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 638.25 Td (Investments Held in Nuclear Decommissioning T) Tj ET Q q 0 0 0 rg BT 319.24 638.25 Td (rust and Coal Reclamation Escrow) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 624.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 610.65 Td (The nuclear decommissioning trust invests in fixed income securities, equity securities, and may hold ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (cash and cash equivalents. ) Tj ET Q q 0 0 0 rg BT 173.52 596.85 Td (The coal reclamation escrow account invests in fixed income instruments and may ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (also hold cash and cash equivalents. See Note 19 for additional discussion about our investment accounts.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 555.45 Td (The nuclear decommissioning trust's equity security investments are held indirectly through ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (commingled funds. ) Tj ET Q q 0 0 0 rg BT 143.84 541.65 Td (The commingled funds are valued using the funds' NA) Tj ET Q q 0 0 0 rg BT 394.18 541.65 Td (V) Tj ET Q q 0 0 0 rg BT 402.28 541.65 Td ( as a practical expedient. ) Tj ET Q q 0 0 0 rg BT 521.17 541.65 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td (funds' NA) Tj ET Q q 0 0 0 rg BT 95.13 527.85 Td (V) Tj ET Q q 0 0 0 rg BT 103.23 527.85 Td ( is primarily derived from the quoted active market prices of the underlying equity securities held ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td (by the funds. ) Tj ET Q q 0 0 0 rg BT 114.77 514.05 Td (W) Tj ET Q q 0 0 0 rg BT 124.71 514.05 Td (e may transact in these commingled funds on a semi-monthly basis at the NA) Tj ET Q q 0 0 0 rg BT 479.33 514.05 Td (V) Tj ET Q q 0 0 0 rg BT 486.16 514.05 Td (. ) Tj ET Q q 0 0 0 rg BT 494.57 514.05 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (commingled funds are maintained by a bank and hold investments in accordance with the stated objective of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td (tracking the performance of the S&P) Tj ET Q q 0 0 0 rg BT 218.65 486.45 Td ( 500 Index. Because the commingled funds' shares are of) Tj ET Q q 0 0 0 rg BT 483.34 486.45 Td (fered to a limited ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.65 Td (group of investors, they are not considered to be traded in an active market. ) Tj ET Q q 0 0 0 rg BT 401.74 472.65 Td (As these instruments are valued ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.85 Td (using NA) Tj ET Q q 0 0 0 rg BT 92.42 458.85 Td (V) Tj ET Q q 0 0 0 rg BT 99.25 458.85 Td (, as a practical expedient, they have not been classified within the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 492.54 458.85 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 445.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 431.25 Td (Fixed income securities issued by the U.S. ) Tj ET Q q 0 0 0 rg BT 283.65 431.25 Td (T) Tj ET Q q 0 0 0 rg BT 290.27 431.25 Td (reasury are valued using quoted active market prices and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.45 Td (are typically classified as Level 1. Fixed income securities issued by corporations, municipalities, and other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.65 Td (agencies, including mortgage-backed instruments, are valued using quoted inactive market prices, quoted ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.85 Td (active market prices for similar securities, or by utilizing calculations which incorporate observable inputs such ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.05 Td (as yield curves and spreads relative to such yield curves. ) Tj ET Q q 0 0 0 rg BT 314.99 376.05 Td (These fixed income instruments are classified as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (Level 2. ) Tj ET Q q 0 0 0 rg BT 92.72 362.25 Td (Whenever possible, multiple market quotes are obtained which enables a cross-check validation. ) Tj ET Q q 0 0 0 rg BT 542.04 362.25 Td (A) Tj ET Q q 0 0 0 rg BT 549.71 362.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.45 Td (primary price source is identified based on asset type, class, or issue of securities.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 320.85 Td (Cash equivalents reported within Level 1 represent investments held in short-term investment ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 307.05 Td (exchange-traded mutual funds. ) Tj ET Q q 0 0 0 rg BT 194.27 307.05 Td (These short-term investment accounts invest in certificates of deposit, variable ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (rate notes, time deposit accounts, U.S. ) Tj ET Q q 0 0 0 rg BT 228.15 293.25 Td (T) Tj ET Q q 0 0 0 rg BT 234.77 293.25 Td (reasury and ) Tj ET Q q 0 0 0 rg BT 290.33 293.25 Td (Agency obligations, U.S. ) Tj ET Q q 0 0 0 rg BT 408.95 293.25 Td (T) Tj ET Q q 0 0 0 rg BT 415.57 293.25 Td (reasury repurchase agreements, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.45 Td (commercial paper) Tj ET Q q 0 0 0 rg BT 131.73 279.45 Td (, and other short term instruments.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 265.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 251.85 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 251.85 Td (e price investment securities using information provided by our trustees for our nuclear ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.05 Td (decommissioning trust assets, and provided by our escrow agent for coal reclamation escrow assets. Our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (trustee and escrow agent use pricing services that utilize the valuation methodologies described above to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.45 Td (determine fair market value. ) Tj ET Q q 0 0 0 rg BT 182.44 210.45 Td (W) Tj ET Q q 0 0 0 rg BT 192.37 210.45 Td (e have internal control procedures designed to ensure this information is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.65 Td (consistent with fair value accounting guidance. ) Tj ET Q q 0 0 0 rg BT 268.69 196.65 Td (These procedures include assessing valuations using an ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.85 Td (independent pricing source, verifying that pricing can be supported by actual recent market transactions, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.05 Td (assessing hierarchy classifications, comparing investment returns with benchmarks, and obtaining and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.25 Td (reviewing independent audit reports on the trustee) Tj ET Q q 0 0 0 rg BT 283.27 155.25 Td (s and escrow agent's internal operating controls and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.45 Td (valuation processes. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 127.65 Td () Tj ET Q endstream endobj 323 0 obj <>] /Rotate 0 /Contents 324 0 R>> endobj 324 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (157) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 85.50 721.25 Td (Fair V) Tj ET Q q 0 0 0 rg BT 115.86 721.25 Td (alue T) Tj ET Q q 0 0 0 rg BT 145.15 721.25 Td (ables) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 707.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.65 Td (The following table presents the fair value at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 294.35 693.65 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 384.72 693.65 Td ( of our assets and liabilities that are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (measured at fair value on a recurring basis \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 602.55 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 602.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 602.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 602.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 602.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 602.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 602.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 602.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 602.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 602.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 602.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 602.55 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 572.55 170.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 572.55 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 572.55 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 572.55 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 572.55 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 572.55 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 572.55 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 572.55 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 572.55 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 572.55 19.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 572.55 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 572.55 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 532.55 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 532.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 532.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 532.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 532.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 532.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 532.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 532.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 532.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 532.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 532.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 532.55 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 502.55 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 502.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 502.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 502.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 502.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 502.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 502.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 502.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 502.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 502.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 502.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 502.55 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 472.55 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 472.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 472.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 472.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 472.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 472.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 472.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 472.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 472.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 472.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 472.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 472.55 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 442.55 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 442.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 442.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 442.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 442.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 442.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 442.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 442.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 442.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 442.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 442.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 442.55 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 412.55 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 412.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 412.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 412.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 412.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 412.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 412.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 412.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 412.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 412.55 19.00 -15.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 503.00 382.55 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 352.55 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 352.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 352.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 352.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 352.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 352.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 352.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 352.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 352.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 352.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 352.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 352.55 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 312.55 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 312.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 312.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 312.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 312.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 312.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 312.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 312.55 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 312.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 312.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 312.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 312.55 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 602.55 m 281 602.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 602.55 m 346 602.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 602.55 m 411 602.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 602.55 m 476 602.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 602.55 m 563 602.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 602.55 m 281 602.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 602.55 m 346 602.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 602.55 m 411 602.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 602.55 m 476 602.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 602.55 m 563 602.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 382.55 m 281 382.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 382.55 m 346 382.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 382.55 m 411 382.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 382.55 m 476 382.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 382.55 m 563 382.55 l s 0 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[] 0 d 0 J 0 j 3 M 350 351.55 m 411 351.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 367.55 m 476 367.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 353.55 m 476 353.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 351.55 m 476 351.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 367.55 m 563 367.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 353.55 m 563 353.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 351.55 m 563 351.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 298.55 m 281 298.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 296.55 m 281 296.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 298.55 m 346 298.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 296.55 m 346 296.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 298.55 m 411 298.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 296.55 m 411 296.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 298.55 m 476 298.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 296.55 m 476 296.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 298.55 m 563 298.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 296.55 m 563 296.55 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 605.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.85 646.78 Td (QuotedPrices) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.00 638.78 Td (in) Tj ET Q q 0 0 0 rg BT 243.23 638.78 Td (Active) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.50 630.78 Td (Marketsfor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.85 622.78 Td (Identical) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.30 614.78 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.00 606.78 Td (\(Level1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.55 638.78 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.85 630.78 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.40 622.78 Td (Observable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.85 614.78 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.00 606.78 Td (\(Level2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.55 630.78 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.40 622.78 Td (Unobservable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.20 614.78 Td (Inputs\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.00 606.78 Td (\(Level3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.85 606.78 Td (Other) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 489.00 605.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.60 622.78 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.25 614.78 Td (December) Tj ET Q q 0 0 0 rg BT 543.75 614.78 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.50 606.78 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 593.12 Td (Assets) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 277.50 590.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 342.50 590.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 407.50 590.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 472.50 590.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 590.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 590.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 577.22 Td (Cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.50 577.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.65 577.22 Td (10,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.50 577.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 577.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 577.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 577.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.50 577.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 577.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 577.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 577.22 Td (10,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 563.12 Td (Risk management activities ) Tj ET Q BT /F1 10.00 Tf ET 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ET q 0 0 0 rg BT 397.15 492.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 492.22 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 492.22 Td (\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 492.22 Td (7,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 478.12 Td (U.S. commingled equity funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 477.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 477.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 477.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 477.22 Td (417,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 477.22 Td (\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 477.22 Td (417,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 463.12 Td (Fixed income securities:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 277.50 460.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 342.50 460.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 407.50 460.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 460.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 460.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 448.12 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 90.69 448.12 Td (T) Tj ET Q q 0 0 0 rg BT 96.54 448.12 Td (reasury) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.65 447.22 Td (127,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 447.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 447.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 447.22 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 445.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 447.22 Td (127,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 433.12 Td (Corporate debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 432.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 432.22 Td (1) Tj ET Q q 0 0 0 rg BT 314.65 432.22 Td (14,007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 432.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 432.22 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 430.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 432.22 Td (1) Tj ET Q q 0 0 0 rg BT 531.65 432.22 Td (14,007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 418.12 Td (Mortgage-backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 417.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 417.22 Td (1) Tj ET Q q 0 0 0 rg BT 314.65 417.22 Td (1) Tj ET Q q 0 0 0 rg BT 319.65 417.22 Td (1,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 417.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 417.22 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 415.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 417.22 Td (1) Tj ET Q q 0 0 0 rg BT 531.65 417.22 Td (1) Tj ET Q q 0 0 0 rg BT 536.65 417.22 Td (1,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 403.12 Td (Municipal bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 402.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 402.22 Td (79,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 402.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 402.22 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 400.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 402.22 Td (79,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 388.12 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 387.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 387.22 Td (13,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 387.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 387.22 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 385.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 387.22 Td (13,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 373.12 Td (Subtotal nuclear decommissioning trust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.65 372.22 Td (134,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 372.22 Td (318,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 372.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 372.22 Td (417,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 372.22 Td (871,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 358.12 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 358.12 Td (otal ) Tj ET Q q 0 0 0 rg BT 80.85 358.12 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.50 357.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.65 357.22 Td (145,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.50 357.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 357.22 Td (355,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 357.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 357.22 Td (1,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.50 357.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 357.22 Td (413,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 357.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 357.22 Td (916,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 343.12 Td (Liabilities) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 277.50 340.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 342.50 340.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 407.50 340.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 472.50 340.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 340.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 340.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 328.12 Td (Risk management activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 318.12 Td (derivative instruments:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 277.50 315.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 342.50 315.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 407.50 315.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 472.50 315.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 315.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 315.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 303.12 Td (Commodity contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.50 302.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 302.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.50 302.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.30 302.27 Td (\(78,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 302.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 302.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.30 302.27 Td (\(19,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 302.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.50 302.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 302.22 Td (1,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 302.22 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 302.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 302.27 Td (\(96,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 302.22 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 278.25 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 278.25 Td (Primarily consists of long-dated electricity contracts.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 264.45 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 264.45 Td (Represents counterparty netting, mar) Tj ET Q q 0 0 0 rg BT 273.19 264.45 Td (gin, and collateral. See Note 16.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 250.65 Td (\(c\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 250.65 Td (Represents investments restricted for coal mine reclamation funding related to Four Corners. ) Tj ET Q q 0 0 0 rg BT 516.90 250.65 Td (These ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 237.45 Td (assets are included in the Other ) Tj ET Q q 0 0 0 rg BT 243.40 237.45 Td (Assets line item, reported under the Investments and Other ) Tj ET Q q 0 0 0 rg BT 504.28 237.45 Td (Assets ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 224.25 Td (section of our Consolidated Balance Sheets. Primarily consists of fixed income municipal bonds.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 210.45 Td (\(d\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 210.45 Td (Represents nuclear decommissioning trust net pending securities sales and purchases.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 196.65 Td (\(e\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 196.65 Td (V) Tj ET Q q 0 0 0 rg BT 110.53 196.65 Td (alued using NA) Tj ET Q q 0 0 0 rg BT 181.23 196.65 Td (V) Tj ET Q q 0 0 0 rg BT 189.33 196.65 Td ( as a practical expedient and, therefore, are not classified in the fair value ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 182.85 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 146.17 182.85 Td (.) Tj ET Q endstream endobj 325 0 obj <>] /Rotate 0 /Contents 326 0 R>> endobj 326 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (158) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 721.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 707.25 Td (The following table presents the fair value at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 294.35 707.25 Td (December31, 2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 384.72 707.25 Td ( of our assets and liabilities that are ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (measured at fair value on a recurring basis \(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 679.65 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 609.15 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 609.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 609.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 609.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 609.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 609.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 609.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 609.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 609.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 609.15 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 609.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 609.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 569.15 170.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 569.15 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 569.15 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 569.15 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 569.15 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 569.15 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 569.15 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 569.15 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 569.15 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 569.15 18.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 569.15 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 569.15 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 529.15 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 529.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 529.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 529.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 529.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 529.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 529.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 529.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 529.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 529.15 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 529.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 529.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 499.15 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 499.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 499.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 499.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 499.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 499.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 499.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 499.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 499.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 499.15 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 499.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 499.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 469.15 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 469.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 469.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 469.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 469.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 469.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 469.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 469.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 469.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 469.15 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 469.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 469.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 439.15 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 439.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 439.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 439.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 439.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 439.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 439.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 439.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 439.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 439.15 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 439.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 439.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 409.15 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 409.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 409.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 409.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 409.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 409.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 409.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 409.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 409.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 409.15 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 409.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 409.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 379.15 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 379.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 379.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 379.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 379.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 379.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 379.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 379.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 379.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 379.15 18.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 379.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 379.15 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 349.15 170.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 349.15 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 349.15 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 349.15 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 349.15 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 349.15 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 349.15 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 349.15 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 349.15 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 349.15 18.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 349.15 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 349.15 61.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 609.15 m 281 609.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 609.15 m 346 609.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 609.15 m 411 609.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 609.15 m 476 609.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 609.15 m 563 609.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 609.15 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0 J 0 j 3 M 502 379.15 m 563 379.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 365.15 m 563 365.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 363.15 m 563 363.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 310.15 m 281 310.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 308.15 m 281 308.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 310.15 m 346 310.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 308.15 m 346 308.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 310.15 m 411 310.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 308.15 m 411 308.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 310.15 m 476 310.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 308.15 m 476 308.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 310.15 m 563 310.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 308.15 m 563 308.15 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 611.87 Td () Tj ET Q 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(Inputs\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.00 613.38 Td (\(Level3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.85 613.38 Td (Other) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 488.50 611.87 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.10 629.38 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.75 621.38 Td (December) Tj ET Q q 0 0 0 rg BT 543.25 621.38 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 613.38 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 599.72 Td (Assets) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 277.50 596.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 342.50 596.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 407.50 596.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 472.50 596.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 596.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 596.91 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 584.72 Td (Coal reclamation trust \(b\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.50 573.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.65 573.82 Td (14,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.50 573.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 573.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 573.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 573.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.50 573.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 573.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 573.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 573.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 573.82 Td (14,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 559.72 Td (Risk management activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 549.72 Td (derivative instruments:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 277.50 546.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 342.50 546.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 407.50 546.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 472.50 546.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 546.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 546.91 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 534.72 Td (Commodity contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 533.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 533.82 Td (43,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 533.82 Td (1) Tj ET Q q 0 0 0 rg BT 384.65 533.82 Td (1,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.30 533.87 Td (\(35,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 533.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 533.82 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 533.82 Td (19,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 519.72 Td (Nuclear decommissioning trust:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 277.50 516.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 342.50 516.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 407.50 516.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 472.50 516.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 516.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 516.91 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 504.72 Td (U.S. commingled equity funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 503.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 503.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 503.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 503.82 Td (353,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 503.82 Td (\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 503.82 Td (353,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 489.72 Td (Fixed income securities:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 277.50 486.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 342.50 486.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 407.50 486.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 472.50 486.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 486.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 486.91 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 474.72 Td (Cash and cash equivalent funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 473.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 473.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 473.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 473.82 Td (795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 473.82 Td (\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 473.82 Td (795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 459.72 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 90.69 459.72 Td (T) Tj ET Q q 0 0 0 rg BT 96.54 459.72 Td (reasury) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.65 458.82 Td (95,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 458.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 458.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 458.82 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 456.91 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 458.82 Td (95,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 444.72 Td (Corporate debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 443.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 443.82 Td (1) Tj ET Q q 0 0 0 rg BT 314.65 443.82 Td (1) Tj ET Q q 0 0 0 rg BT 319.65 443.82 Td (1,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 443.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 443.82 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 441.91 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 443.82 Td (1) Tj ET Q q 0 0 0 rg BT 531.65 443.82 Td (1) Tj ET Q q 0 0 0 rg BT 536.65 443.82 Td (1,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 429.72 Td (Mortgage-backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 428.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 428.82 Td (1) Tj ET Q q 0 0 0 rg BT 314.65 428.82 Td (15,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 428.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 428.82 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 426.91 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 428.82 Td (1) Tj ET Q q 0 0 0 rg BT 531.65 428.82 Td (15,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 414.72 Td (Municipal bonds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 413.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 413.82 Td (80,997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 413.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 413.82 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 411.91 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 413.82 Td (80,997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 399.72 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 398.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 398.82 Td (22,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 398.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 398.82 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 396.91 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 398.82 Td (22,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 384.72 Td (Subtotal nuclear decommissioning trust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.65 383.82 Td (95,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 383.82 Td (330,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 383.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 383.82 Td (354,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 383.82 Td (779,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 369.72 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 369.72 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.50 368.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.65 368.82 Td (109,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.50 368.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 368.82 Td (373,81) Tj ET Q q 0 0 0 rg BT 337.15 368.82 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 368.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 368.82 Td (1) Tj ET Q q 0 0 0 rg BT 384.65 368.82 Td (1,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.50 368.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 368.82 Td (318,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 368.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 368.82 Td (813,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 354.72 Td (Liabilities) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 277.50 351.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 342.50 351.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 407.50 351.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 472.50 351.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 351.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 351.91 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 339.72 Td (Risk management activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 329.72 Td (derivative instruments:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 277.50 326.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 342.50 326.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 407.50 326.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 472.50 326.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 482.50 326.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 326.91 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 314.72 Td (Commodity contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.50 313.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 313.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.50 313.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.30 313.87 Td (\(45,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 313.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 313.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.30 313.87 Td (\(58,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 313.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.50 313.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 313.82 Td (31,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.50 313.82 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 313.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 313.87 Td (\(73,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 313.82 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 289.85 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 289.85 Td (Primarily consists of long-dated electricity contracts.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 276.05 Td (\(b\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 276.05 Td (Represents investments restricted for coal mine reclamation funding related to Four Corners. ) Tj ET Q q 0 0 0 rg BT 516.90 276.05 Td (These ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 262.85 Td (assets are included in the Other ) Tj ET Q q 0 0 0 rg BT 243.40 262.85 Td (Assets line item, reported under the Investments and Other ) Tj ET Q q 0 0 0 rg BT 504.28 262.85 Td (Assets ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 249.65 Td (section of our Consolidated Balance Sheets. Primarily consists of cash equivalents. Presented as Coal ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 236.45 Td (reclamation escrow in 2017.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 222.65 Td (\(c\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 222.65 Td (Represents counterparty netting, mar) Tj ET Q q 0 0 0 rg BT 273.19 222.65 Td (gin and collateral.See Note 16.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 208.85 Td (\(d\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 208.85 Td (V) Tj ET Q q 0 0 0 rg BT 110.53 208.85 Td (alued using NA) Tj ET Q q 0 0 0 rg BT 181.23 208.85 Td (V) Tj ET Q q 0 0 0 rg BT 189.33 208.85 Td ( as a practical expedient and, therefore, are not classified in the fair value ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 195.05 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 146.17 195.05 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 181.25 Td (\(e\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 181.25 Td (Represents nuclear decommissioning trust net pending securities sales and purchases.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 167.45 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 153.65 Td (Fair) Tj ET Q q 0 0 0 rg BT 70.37 153.65 Td ( ) Tj ET Q q 0 0 0 rg BT 73.03 153.65 Td (V) Tj ET Q q 0 0 0 rg BT 80.28 153.65 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 141.08 153.65 Td (ements Classified as Level 3) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 139.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 126.05 Td (The significant unobservable inputs used in the fair value measurement of our ener) Tj ET Q q 0 0 0 rg BT 466.59 126.05 Td (gy derivative ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 112.25 Td (contracts include broker quotes that cannot be validated as an observable input primarily due to the long-term ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 98.45 Td (nature of the quote. Significant changes in these inputs in isolation would result in significantly higher or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 84.65 Td (lower fair value measurements. Changes in our derivative contract fair values, including changes relating to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 70.85 Td (unobservable inputs, typically will not impact net income due to regulatory accounting treatment \(see Note 3\).) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 57.05 Td () Tj ET Q endstream endobj 327 0 obj <>] /Rotate 0 /Contents 328 0 R>> endobj 328 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (159) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (Because our forward commodity contracts classified as Level 3 are currently in a net purchase position, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (we would expect price increases of the underlying commodity to result in increases in the net fair value of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (related contracts. Conversely) Tj ET Q q 0 0 0 rg BT 185.43 693.45 Td (, if the price of the underlying commodity decreases, the net fair value of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (related contracts would likely decrease.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 652.05 Td (Other unobservable valuation inputs include credit and liquidity reserves which do not have a material ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (impact on our valuations; however) Tj ET Q q 0 0 0 rg BT 208.72 638.25 Td (, significant changes in these inputs could also result in higher or lower fair ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (value measurements.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 610.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 596.85 Td (The following tables provide information regarding our significant unobservable inputs used to value ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (our risk management derivative Level 3 instruments at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.71 583.05 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 394.08 583.05 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 416.44 583.05 Td (December31, 2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 506.81 583.05 Td (:) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 522.75 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 145.00 522.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 522.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 522.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 522.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 522.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 522.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 522.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 522.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 522.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 522.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 522.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 472.75 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 145.00 472.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 472.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 472.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 472.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 472.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 472.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 472.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 472.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 472.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 472.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 472.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 422.75 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 145.00 422.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 422.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 422.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 422.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 422.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 422.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 422.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 422.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 422.75 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 422.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 422.75 57.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 145 537.75 m 210 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 537.75 m 214 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 537.75 m 279 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 522.75 m 145 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 145 522.75 m 210 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 522.75 m 279 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 522.75 m 348 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 522.75 m 427 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 522.75 m 502 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 522.75 m 563 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 145 422.75 m 210 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 422.75 m 279 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 145 422.75 m 210 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 145 408.75 m 210 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 145 406.75 m 210 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 422.75 m 279 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 408.75 m 279 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 406.75 m 279 406.75 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 540.47 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.25 549.98 Td (December) Tj ET Q q 0 0 0 rg BT 213.82 549.98 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 171.65 541.98 Td ( Fair) Tj ET Q q 0 0 0 rg BT 188.24 541.98 Td ( ) Tj ET Q q 0 0 0 rg BT 190.09 541.98 Td (V) Tj ET Q q 0 0 0 rg BT 195.43 541.98 Td (alue \(thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.45 534.98 Td (V) Tj ET Q q 0 0 0 rg BT 303.86 534.98 Td (aluation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.35 526.98 Td (T) Tj ET Q q 0 0 0 rg BT 302.32 526.98 Td (echnique) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.55 534.98 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.85 526.98 Td (UnobservableInput) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.10 526.98 Td (Range) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.40 534.98 Td (W) Tj ET Q q 0 0 0 rg BT 524.18 534.98 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.05 526.98 Td (A) Tj ET Q q 0 0 0 rg BT 525.53 526.98 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 526.98 Td (CommodityContracts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.30 526.98 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.85 526.98 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 512.42 Td (Electricity:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 206.50 510.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 275.50 510.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 344.50 510.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 423.50 510.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 498.50 510.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 510.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 498.32 Td (Forward Contracts \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.50 498.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.15 498.32 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.50 498.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.65 498.32 Td (15,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.50 498.32 Td (Discounted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.50 488.32 Td (cash flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.50 497.42 Td (Electricity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.50 487.42 Td (forward price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.50 477.42 Td (\(per MWh\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.30 477.42 Td ($18.51 - $38.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 477.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 477.42 Td (27.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 463.32 Td (Natural Gas:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 206.50 460.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 275.50 460.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 285.50 460.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 354.50 460.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 466.00 460.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 460.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 427.42 Td (Forward Contracts \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.65 427.42 Td (1,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.65 427.42 Td (3,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.50 437.42 Td (Discounted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.50 427.42 Td (cash flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.50 447.42 Td (Natural gas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.50 437.42 Td (forward price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.50 427.42 Td (\(per MMBtu\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.50 427.42 Td ($2.33 - $3.1) Tj ET Q q 0 0 0 rg BT 487.46 427.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 427.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 427.42 Td (2.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 412.42 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 412.42 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.50 412.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.65 412.42 Td (1,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.50 412.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.65 412.42 Td (19,292) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 285.50 410.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 354.50 410.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 466.00 410.51 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 410.51 Td () Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 388.45 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 388.45 Td (Includes swaps and physical and financial contracts.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 374.65 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 328.15 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.00 328.15 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 328.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 328.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 328.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 328.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 328.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 328.15 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 328.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 328.15 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 328.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 328.15 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 278.15 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.00 278.15 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 278.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 278.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 278.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 278.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 278.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 278.15 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 278.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 278.15 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 278.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 278.15 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 228.15 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.00 228.15 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 228.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 228.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 228.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 228.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 228.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 228.15 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 228.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 228.15 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 228.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 228.15 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 343.15 m 211 343.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 343.15 m 215 343.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215 343.15 m 275 343.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 328.15 m 148 328.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 328.15 m 211 328.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215 328.15 m 275 328.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 328.15 m 211 328.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215 328.15 m 275 328.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 328.15 m 344 328.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 328.15 m 424 328.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 328.15 m 504 328.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 328.15 m 563 328.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 228.14999999999998 m 211 228.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215 228.14999999999998 m 275 228.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 228.14999999999998 m 211 228.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 214.14999999999998 m 211 214.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 212.14999999999998 m 211 212.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215 228.14999999999998 m 275 228.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215 214.14999999999998 m 275 214.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215 212.14999999999998 m 275 212.14999999999998 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 345.87 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 178.75 355.38 Td (December) Tj ET Q q 0 0 0 rg BT 213.32 355.38 Td ( 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 171.15 347.38 Td ( Fair) Tj ET Q q 0 0 0 rg BT 187.74 347.38 Td ( ) Tj ET Q q 0 0 0 rg BT 189.59 347.38 Td (V) Tj ET Q q 0 0 0 rg BT 194.93 347.38 Td (alue \(thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.45 340.38 Td (V) Tj ET Q q 0 0 0 rg BT 299.86 340.38 Td (aluation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.35 332.38 Td (T) Tj ET Q q 0 0 0 rg BT 298.32 332.38 Td (echnique) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.05 340.38 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.35 332.38 Td (UnobservableInput) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.60 332.38 Td (Range) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.40 340.38 Td (W) Tj ET Q q 0 0 0 rg BT 525.18 340.38 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.05 332.38 Td (A) Tj ET Q q 0 0 0 rg BT 526.53 332.38 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 332.38 Td (CommodityContracts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 168.30 332.38 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.35 332.38 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 317.82 Td (Electricity:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 207.50 315.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 271.50 315.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 340.50 315.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 315.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 315.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 315.91 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 303.72 Td (Forward Contracts \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.50 303.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.65 303.72 Td (10,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.50 303.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 303.72 Td (32,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.50 303.72 Td (Discounted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.50 293.72 Td (cash flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.50 302.82 Td (Electricity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.50 292.82 Td (forward price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.50 282.82 Td (\(per MWh\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.80 282.82 Td ($16.43 - $41.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.50 282.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 282.82 Td (29.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 268.72 Td (Natural Gas:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 207.50 265.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 271.50 265.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 281.50 265.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 350.50 265.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 265.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 265.91 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 232.82 Td (Forward Contracts \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.15 232.82 Td (428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 232.82 Td (26,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.50 242.82 Td (Discounted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.50 232.82 Td (cash flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.50 252.82 Td (Natural gas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.50 242.82 Td (forward price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.50 232.82 Td (\(per MMBtu\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.80 232.82 Td ($2.32 - $3.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.50 232.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 232.82 Td (2.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 217.82 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 217.82 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.50 217.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.65 217.82 Td (1) Tj ET Q q 0 0 0 rg BT 184.65 217.82 Td (1,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.50 217.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 217.82 Td (58,482) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 340.50 215.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 215.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 215.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 215.91 Td () Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 193.85 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 193.85 Td (Includes swaps and physical and financial contracts.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 180.05 Td () Tj ET Q endstream endobj 329 0 obj <>] /Rotate 0 /Contents 330 0 R>> endobj 330 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (160) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (The following table shows the changes in fair value for our risk management activities' assets and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (liabilities that are measured at fair value on a recurring basis using Level 3 inputs for the years ended ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 139.87 693.45 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 162.23 693.45 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 185.23 693.45 Td ( \(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 637.15 389.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 637.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 637.15 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 637.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 637.15 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 609.15 389.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 609.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 609.15 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 609.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 609.15 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 581.15 389.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 581.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 581.15 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 581.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 581.15 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 553.15 389.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 553.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 553.15 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 553.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 553.15 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 525.15 389.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 525.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 525.15 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 525.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 525.15 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 649.15 m 501 649.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 649.15 m 505 649.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 649.15 m 563 649.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 637.15 m 439 637.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 649.15 m 501 649.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 637.15 m 501 637.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 649.15 m 505 649.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 649.15 m 563 649.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 637.15 m 563 637.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 637.15 m 501 637.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 637.15 m 563 637.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 525.15 m 501 525.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 512.15 m 501 512.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 510.15 m 501 510.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 525.15 m 563 525.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 512.15 m 563 512.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 510.15 m 563 510.15 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 651.87 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.45 661.23 Td (Y) Tj ET Q q 0 0 0 rg BT 487.34 661.23 Td (ear) Tj ET Q q 0 0 0 rg BT 498.30 661.23 Td (Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.25 653.23 Td (December) Tj ET Q q 0 0 0 rg BT 513.75 653.23 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 641.23 Td (CommodityContracts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.50 641.23 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 641.23 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 627.72 Td (Net derivative balance at beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 627.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 627.77 Td (\(47,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 627.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 627.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 627.77 Td (\(32,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 627.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 613.72 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 613.72 Td (otal net gains \(losses\) realized/unrealized:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 497.50 611.91 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 611.91 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 599.72 Td (Included in earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 599.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 599.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 585.72 Td (Included in OCI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 585.72 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 585.72 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 571.72 Td (Deferred as a regulatory asset or liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 571.77 Td (\(13,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 571.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 571.77 Td (\(37,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 571.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 557.72 Td (Settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 557.72 Td (5,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 557.72 Td (15,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 543.72 Td (T) Tj ET Q q 0 0 0 rg BT 58.43 543.72 Td (ransfers into Level 3 from Level 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 543.77 Td (\(10,026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 543.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 543.72 Td (1,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 529.72 Td (T) Tj ET Q q 0 0 0 rg BT 58.43 529.72 Td (ransfers from Level 3 into Level 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 529.72 Td (46,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 529.72 Td (5,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 515.72 Td (Net derivative balance at end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 515.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 515.77 Td (\(18,256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 515.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 515.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 515.77 Td (\(47,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 515.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 491.82 Td (Net unrealized gains included in earnings related to instruments still held at end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 491.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 491.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 491.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 491.82 Td () Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 473.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 460.05 Td (Amounts included in earnings are recorded in either operating revenues or fuel and purchased power ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 446.25 Td (depending on the nature of the underlying contract.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 432.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 418.65 Td (T) Tj ET Q q 0 0 0 rg BT 92.12 418.65 Td (ransfers reflect the fair market value at the beginning of the period and are triggered by a change in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 404.85 Td (the lowest significant input as of the end of the period. ) Tj ET Q q 0 0 0 rg BT 305.75 404.85 Td (W) Tj ET Q q 0 0 0 rg BT 315.69 404.85 Td (e had ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 343.14 404.85 Td (no) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 354.64 404.85 Td ( significant Level 1 transfers to or from any ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 391.05 Td (other hierarchy level. ) Tj ET Q q 0 0 0 rg BT 153.06 391.05 Td (T) Tj ET Q q 0 0 0 rg BT 159.69 391.05 Td (ransfers in or out of Level 3 are typically related to our long-dated ener) Tj ET Q q 0 0 0 rg BT 486.79 391.05 Td (gy transactions ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (that extend beyond available quoted periods.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 363.45 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 349.65 Td (Financial Instruments Not Carried at Fair) Tj ET Q q 0 0 0 rg BT 257.24 349.65 Td ( ) Tj ET Q q 0 0 0 rg BT 259.90 349.65 Td (V) Tj ET Q q 0 0 0 rg BT 267.15 349.65 Td (alue) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 335.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 322.05 Td (The carrying value of our net accounts receivable, accounts payable and short-term borrowings ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (approximate fair value. Our short-term borrowings are classified within Level 2 of the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 540.85 308.25 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 294.45 Td (See Note 6 for our long-term debt fair values.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 280.65 Td () Tj ET Q endstream endobj 331 0 obj <>] /Rotate 0 /Contents 332 0 R>> endobj 332 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 30.55 Td (161) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 45.00 727.45 Td (14) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 56.50 727.45 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 81.00 727.45 Td (Earnings Per) Tj ET Q q 0 0 0 rg BT 145.64 727.45 Td ( Shar) Tj ET Q q 0 0 0 rg BT 171.95 727.45 Td (e) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 177.06 727.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 45.00 713.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 81.00 699.85 Td (The following table presents the calculation of Pinnacle ) Tj ET Q q 0 0 0 rg BT 340.11 699.85 Td (W) Tj ET Q q 0 0 0 rg BT 350.04 699.85 Td (est) Tj ET Q q 0 0 0 rg BT 366.01 699.85 Td (s basic and diluted earnings per share for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 45.00 686.05 Td (continuing operations attributable to common shareholders for the years ended ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 409.71 686.05 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 500.08 686.05 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 505.83 686.05 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 528.83 686.05 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 45.00 672.25 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 68.00 672.25 Td ( \(in thousands, except per share amounts\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 646.75 317.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 646.75 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 646.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 646.75 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 646.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 646.75 64.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 607.75 317.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 607.75 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 607.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 607.75 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 607.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 607.75 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 576.75 317.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 576.75 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 576.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 576.75 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 576.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 576.75 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 540.75 317.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 540.75 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 540.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 540.75 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 540.75 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 540.75 64.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 646.75 m 426.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 646.75 m 494.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 646.75 m 562.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 646.75 m 426.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 624.75 m 426.5 624.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 622.75 m 426.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 646.75 m 494.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 624.75 m 494.5 624.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 622.75 m 494.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 646.75 m 562.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 624.75 m 562.5 624.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 622.75 m 562.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 576.75 m 426.5 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 561.75 m 426.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 559.75 m 426.5 559.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 576.75 m 494.5 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 561.75 m 494.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 559.75 m 494.5 559.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 576.75 m 562.5 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 561.75 m 562.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 559.75 m 562.5 559.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 525.75 m 426.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 523.75 m 426.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 525.75 m 494.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 523.75 m 494.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 525.75 m 562.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 523.75 m 562.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 523.75 m 426.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 525.75 m 426.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 508.75 m 426.5 508.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 506.75 m 426.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 523.75 m 494.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 525.75 m 494.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 508.75 m 494.5 508.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 506.75 m 494.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 523.75 m 562.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 525.75 m 562.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 508.75 m 562.5 508.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 506.75 m 562.5 506.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 48.00 651.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.00 651.43 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 651.43 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.00 651.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.00 628.42 Td (Net income attributable to common shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 628.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 628.42 Td (488,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 628.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 628.42 Td (442,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 628.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 628.42 Td (437,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.00 612.42 Td (W) Tj ET Q q 0 0 0 rg BT 57.04 612.42 Td (eighted average common shares outstanding basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 612.42 Td (1) Tj ET Q q 0 0 0 rg BT 395.15 612.42 Td (1) Tj ET Q q 0 0 0 rg BT 400.15 612.42 Td (1,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 612.42 Td (1) Tj ET Q q 0 0 0 rg BT 463.15 612.42 Td (1) Tj ET Q q 0 0 0 rg BT 468.15 612.42 Td (1,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 612.42 Td (1) Tj ET Q q 0 0 0 rg BT 531.15 612.42 Td (1) Tj ET Q q 0 0 0 rg BT 536.15 612.42 Td (1,026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.00 596.42 Td (Net ef) Tj ET Q q 0 0 0 rg BT 72.62 596.42 Td (fect of dilutive securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 596.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.00 596.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 596.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.42 Td (Contingently issuable performance shares and restricted stock units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 581.42 Td (528) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 581.42 Td (637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 581.42 Td (526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.00 565.42 Td (W) Tj ET Q q 0 0 0 rg BT 57.04 565.42 Td (eighted average common shares outstanding diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.15 565.42 Td (1) Tj ET Q q 0 0 0 rg BT 395.15 565.42 Td (12,367) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 565.42 Td (1) Tj ET Q q 0 0 0 rg BT 463.15 565.42 Td (12,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 565.42 Td (1) Tj ET Q q 0 0 0 rg BT 531.15 565.42 Td (1) Tj ET Q q 0 0 0 rg BT 536.15 565.42 Td (1,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.00 545.42 Td (Earnings per weighted-average common share outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 529.42 Td (Net income attributable to common shareholders - basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 529.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 529.42 Td (4.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 529.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 529.42 Td (3.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 529.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 529.42 Td (3.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 512.42 Td (Net Income attributable to common shareholders - diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 512.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 512.42 Td (4.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 512.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 512.42 Td (3.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 512.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 512.42 Td (3.92) Tj ET Q BT /F1 11.50 Tf ET BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 466.85 Td (15) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 61.00 466.85 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 466.85 Td (Stock-Based Compensation) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 220.00 466.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 453.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 439.25 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 439.25 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 439.25 Td (est has incentive compensation plans under which stock-based compensation is granted to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 425.45 Td (of) Tj ET Q q 0 0 0 rg BT 58.87 425.45 Td (ficers, key-employees, and non-of) Tj ET Q q 0 0 0 rg BT 215.46 425.45 Td (ficer members of the Board of Directors. ) Tj ET Q q 0 0 0 rg BT 408.02 425.45 Td (A) Tj ET Q q 0 0 0 rg BT 415.27 425.45 Td (wards granted under the 2012 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 411.65 Td (Long-T) Tj ET Q q 0 0 0 rg BT 83.83 411.65 Td (erm Incentive Plan \(2012 Plan\) may be in the form of stock grants, restricted stock units, stock units, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 397.85 Td (performance shares, restricted stock, dividend equivalents, performance share units, performance cash, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 384.05 Td (incentive and non-qualified stock options, and stock appreciation rights. ) Tj ET Q q 0 0 0 rg BT 386.55 384.05 Td (The 2012 Plan authorizes up to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.83 384.05 Td (4.6 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 370.25 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 370.25 Td ( common shares to be available for grant. ) Tj ET Q q 0 0 0 rg BT 278.17 370.25 Td (As of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.28 370.25 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 396.65 370.25 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 402.40 370.25 Td (2.2 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 452.88 370.25 Td ( common shares were ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 356.45 Td (available for issuance under the 2012 Plan. During 2017, 2016, and 2015, the Company granted awards in the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 342.65 Td (form of restricted stock units, stock units, stock grants, and performance shares. ) Tj ET Q q 0 0 0 rg BT 418.69 342.65 Td (A) Tj ET Q q 0 0 0 rg BT 425.94 342.65 Td (wards granted from 2007 to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 328.85 Td (201) Tj ET Q q 0 0 0 rg BT 66.32 328.85 Td (1 were issued under the 2007 Long-T) Tj ET Q q 0 0 0 rg BT 237.98 328.85 Td (erm Incentive Plan \(2007 Plan\), and no new awards may be granted ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 315.05 Td (under the 2007 Plan.) Tj ET Q endstream endobj 333 0 obj <>] /Rotate 0 /Contents 334 0 R>> endobj 334 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (162) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (Stock-Based Compensation Expense and ) Tj ET Q q 0 0 0 rg BT 251.43 721.25 Td (Activity) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.65 Td (During the fourth quarter of 2016, we adopted new stock-based compensation accounting guidance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (prescribed by ) Tj ET Q q 0 0 0 rg BT 114.01 679.85 Td (ASU 2016-09. Prior to the adoption of this guidance we had certain awards that were accounted ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (for as liability awards due to the ability of the employee to withhold taxes beyond the minimum statutory tax ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (withholding rate. Under the new standard, the tax withholding terms of our awards no longer trigger liability ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.45 Td (treatment. ) Tj ET Q q 0 0 0 rg BT 100.92 638.45 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 157.65 638.45 Td (, ef) Tj ET Q q 0 0 0 rg BT 172.13 638.45 Td (fective January 1, 2016 certain awards that were previously classified as liability ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (awards are now accounted for as equity awards. ) Tj ET Q q 0 0 0 rg BT 275.37 624.65 Td (The impacts of this accounting change relating to prior years ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.85 Td (have been applied using a modified retrospective approach, resulting in a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 388.64 610.85 Td ($6 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 436.24 610.85 Td ( cumulative-ef) Tj ET Q q 0 0 0 rg BT 502.77 610.85 Td (fect ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.05 Td (adjustment, net of income tax expense of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 241.11 597.05 Td ($3 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 288.71 597.05 Td (, to increase Retained Earnings as of January 1, 2016. ) Tj ET Q q 0 0 0 rg BT 540.80 597.05 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.25 Td (impacts of this accounting change relating to 2016 resulted in a pre-tax ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 379.07 583.25 Td ($12 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 432.42 583.25 Td ( adjustment to decrease ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.45 Td (operations and maintenance expense that was recognized during the fourth quarter of 2016. ) Tj ET Q q 0 0 0 rg BT 474.97 569.45 Td (The following ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.65 Td (amounts related to years ended 2017 and 2016 expense and activity include the ef) Tj ET Q q 0 0 0 rg BT 425.16 555.65 Td (fects of adopting this new ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.85 Td (accounting standard; however) Tj ET Q q 0 0 0 rg BT 186.99 541.85 Td (, expense and activities relating to 2015 reflect the historical accounting ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 528.05 Td (treatment. ) Tj ET Q q 0 0 0 rg BT 101.34 528.05 Td (The new standard also requires excess income tax benefits and deficiencies arising from stock ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (based compensation to now be recognized in the period incurred, simplifies accounting for forfeitures, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.45 Td (clarifies certain cash flow presentation matters. ) Tj ET Q q 0 0 0 rg BT 272.18 500.45 Td (These other provisions of the standard did not have a material ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.65 Td (impact on our consolidated financial statements.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 459.05 Td (Compensation cost included in net income for stock-based compensation plans was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 472.27 459.05 Td ($21 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 525.62 459.05 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.25 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 72.50 445.25 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 78.25 445.25 Td ($19 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 131.60 445.25 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 146.30 445.25 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 169.30 445.25 Td (, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 194.53 445.25 Td ($19 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 247.88 445.25 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 262.57 445.25 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 285.57 445.25 Td (. ) Tj ET Q q 0 0 0 rg BT 293.99 445.25 Td (The compensation cost capitalized is immaterial for all ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.45 Td (years. Income tax benefits related to stock-based compensation arrangements were ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 435.88 431.45 Td ($15 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 489.23 431.45 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 503.93 431.45 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 526.93 431.45 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.68 431.45 Td ($10 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.65 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 417.65 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 97.42 417.65 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 120.42 417.65 Td (, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 145.65 417.65 Td ($7 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 193.25 417.65 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 207.95 417.65 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 230.95 417.65 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 390.05 Td (As of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 113.61 390.05 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 203.98 390.05 Td (, there were approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 330.11 390.05 Td ($12 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 383.46 390.05 Td ( of unrecognized compensation costs ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.25 Td (related to nonvested stock-based compensation arrangements. ) Tj ET Q q 0 0 0 rg BT 339.26 376.25 Td (W) Tj ET Q q 0 0 0 rg BT 349.19 376.25 Td (e expect to recognize these costs over a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.45 Td (weighted-average period of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 178.82 362.45 Td (2) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 184.57 362.45 Td ( years. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 334.85 Td (The total fair value of shares vested was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 273.27 334.85 Td ($22 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 326.62 334.85 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 341.31 334.85 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 364.31 334.85 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 370.06 334.85 Td ($22 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 423.42 334.85 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 438.11 334.85 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 461.11 334.85 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 483.47 334.85 Td ($21 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 536.82 334.85 Td ( in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 321.05 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 72.50 321.05 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 307.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 293.45 Td (The following table is a summary of awards granted and the weighted-average grant date fair value for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.65 Td (the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 66.42 279.65 Td (three) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 89.41 279.65 Td ( years ended ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 149.76 279.65 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 172.76 279.65 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 178.51 279.65 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 201.51 279.65 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 223.86 279.65 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 246.86 279.65 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 214.35 193.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 214.35 50.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 214.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.00 214.35 50.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 214.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 214.35 50.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 214.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 214.35 50.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 214.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 214.35 50.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 214.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 214.35 50.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243 229.35000000000002 m 293 229.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 229.35000000000002 m 297 229.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 229.35000000000002 m 347 229.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 229.35000000000002 m 351 229.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 229.35000000000002 m 401 229.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 229.35000000000002 m 455 229.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 229.35000000000002 m 459 229.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 229.35000000000002 m 509 229.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 229.35000000000002 m 513 229.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 229.35000000000002 m 563 229.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243 214.35000000000002 m 293 214.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 214.35000000000002 m 347 214.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 214.35000000000002 m 401 214.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 214.35000000000002 m 455 214.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 214.35000000000002 m 509 214.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 214.35000000000002 m 563 214.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 214.35000000000002 m 455 214.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 214.35000000000002 m 509 214.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 214.35000000000002 m 563 214.35000000000002 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 253.05 245.25 Td (Restricted Stock Units, Stock) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 257.15 234.25 Td (Grants, and Stock Units \(a\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 427.65 234.25 Td (Performance Shar) Tj ET Q q 0 0 0 rg BT 513.99 234.25 Td (es \(b\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 52.50 219.25 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 256.50 219.25 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 310.50 219.25 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 364.50 219.25 Td (2015) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 418.50 219.25 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 472.50 219.25 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 526.50 219.25 Td (2015) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 204.22 Td (Units granted) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 253.00 203.27 Td (161,963) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 307.00 203.27 Td (141,81) Tj ET Q q 0 0 0 rg BT 337.25 203.27 Td (1) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 361.00 203.27 Td (152,651) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 415.00 203.27 Td (147,706) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 469.00 203.27 Td (166,666) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 523.00 203.27 Td (151,430) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 188.22 Td (W) Tj ET Q q 0 0 0 rg BT 62.00 188.22 Td (eighted-average grant date fair value) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 245.50 187.27 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 264.00 187.27 Td (72.60) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 299.50 187.27 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 318.00 187.27 Td (67.34) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 353.50 187.27 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 372.00 187.27 Td (64.12) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 407.50 187.27 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 426.00 187.27 Td (78.99) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 461.50 187.27 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 480.00 187.27 Td (66.60) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 515.50 187.27 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 534.00 187.27 Td (64.97) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 166.05 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 166.05 Td (Units granted includes awards that will be cash settled of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 368.58 166.05 Td (67,599) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 400.20 166.05 Td ( in 2017, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 443.65 166.05 Td (43,952) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 475.27 166.05 Td ( in 2016, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 152.25 Td (45,104) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 135.13 152.25 Td ( in 2015. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 138.45 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 138.45 Td (Reflects the tar) Tj ET Q q 0 0 0 rg BT 172.90 138.45 Td (get payout level.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 124.65 Td () Tj ET Q endstream endobj 335 0 obj <>] /Rotate 0 /Contents 336 0 R>> endobj 336 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (163) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (The following table is a summary of the status of non-vested awards as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 427.87 721.05 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 518.24 721.05 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (changes during the year) Tj ET Q q 0 0 0 rg BT 158.39 707.25 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 608.95 230.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.00 608.95 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 608.95 19.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 608.95 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 608.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 608.95 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 608.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 608.95 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 576.95 230.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.00 576.95 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 576.95 19.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 576.95 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 576.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 576.95 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 576.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 576.95 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 544.95 230.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.00 544.95 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 544.95 19.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 544.95 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 544.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 544.95 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 544.95 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 544.95 64.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 512.95 230.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.00 512.95 64.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 512.95 19.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 512.95 64.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 512.95 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 512.95 64.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 512.95 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 512.95 64.00 -27.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 656.95 m 344 656.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 656.95 m 363 656.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 656.95 m 427 656.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 656.95 m 495 656.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 656.95 m 499 656.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 656.95 m 563 656.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 608.95 m 344 608.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 608.95 m 427 608.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 656.95 m 495 656.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 608.95 m 495 608.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 656.95 m 499 656.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 656.95 m 563 656.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 608.95 m 563 608.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 608.95 m 344 608.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 608.95 m 427 608.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 608.95 m 495 608.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 608.95 m 563 608.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 528.95 m 344 528.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 512.95 m 344 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 528.95 m 495 528.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 512.95 m 495 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 512.95 m 344 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 486.95 m 344 486.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 484.95 m 344 484.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 512.95 m 495 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 486.95 m 495 486.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 484.95 m 495 484.95 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 284.55 672.85 Td (Restricted Stock Units, Stock) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 296.45 661.85 Td (Grants, and Stock Units) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 448.75 661.85 Td (Performance Shar) Tj ET Q q 0 0 0 rg BT 535.09 661.85 Td (es) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 295.70 613.85 Td (Shar) Tj ET Q q 0 0 0 rg BT 318.22 613.85 Td (es) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 370.35 646.85 Td (W) Tj ET Q q 0 0 0 rg BT 380.74 646.85 Td (eighted-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 375.35 635.85 Td (A) Tj ET Q q 0 0 0 rg BT 382.48 635.85 Td (verage) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 367.75 624.85 Td (GrantDate) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 369.95 613.85 Td (Fair) Tj ET Q q 0 0 0 rg BT 389.91 613.85 Td () Tj ET Q q 0 0 0 rg BT 392.46 613.85 Td (V) Tj ET Q q 0 0 0 rg BT 399.39 613.85 Td (alue) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 438.60 613.85 Td (Shar) Tj ET Q q 0 0 0 rg BT 461.02 613.85 Td (es \(b\)) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 506.35 646.85 Td (W) Tj ET Q q 0 0 0 rg BT 516.74 646.85 Td (eighted-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 511.35 635.85 Td (A) Tj ET Q q 0 0 0 rg BT 518.48 635.85 Td (verage) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 503.75 624.85 Td (GrantDate) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 505.95 613.85 Td (Fair) Tj ET Q q 0 0 0 rg BT 525.91 613.85 Td () Tj ET Q q 0 0 0 rg BT 528.46 613.85 Td (V) Tj ET Q q 0 0 0 rg BT 535.39 613.85 Td (alue) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 598.82 Td (Nonvested at January 1, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 597.87 Td (335,259) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 365.50 597.87 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 398.05 597.87 Td (62.04) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 455.00 597.87 Td (312,724) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 501.50 597.87 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 534.05 597.87 Td (65.32) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.50 582.82 Td (Granted) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 581.87 Td (161,963) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 398.05 581.87 Td (72.60) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 455.00 581.87 Td (147,706) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 534.05 581.87 Td (78.99) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.50 566.82 Td (Change in performance factor) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 328.80 565.87 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 411.80 565.87 Td () Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 460.50 565.87 Td (18,266) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 534.05 565.87 Td (64.97) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.50 550.82 Td (V) Tj ET Q q 0 0 0 rg BT 65.83 550.82 Td (ested) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 300.35 549.87 Td (\(202,327) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 339.80 549.87 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 398.05 549.87 Td (59.19) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 451.35 549.87 Td (\(164,396) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 490.80 549.87 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 534.05 549.87 Td (63.87) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 58.50 534.82 Td (Forfeited \(c\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 311.35 533.87 Td (\(3,607) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 339.80 533.87 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 398.05 533.87 Td (69.58) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 462.35 533.87 Td (\(4,798) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 490.80 533.87 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 534.05 533.87 Td (69.77) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 518.82 Td (Nonvested at December 31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 304.00 517.87 Td (291,288) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 347.25 517.87 Td (\(a\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 398.05 517.87 Td (69.78) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 455.00 517.87 Td (309,502) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 534.05 517.87 Td (72.46) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 52.50 490.87 Td (V) Tj ET Q q 0 0 0 rg BT 59.22 490.87 Td (ested ) Tj ET Q q 0 0 0 rg BT 83.97 490.87 Td (A) Tj ET Q q 0 0 0 rg BT 90.90 490.87 Td (wards Outstanding at December 31, 2017) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 309.50 490.87 Td (89,928) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 455.00 490.87 Td (164,396) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 564.50 486.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 466.65 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 466.65 Td (Includes ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 145.33 466.65 Td (133,373) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 182.71 466.65 Td ( of awards that will be cash settled.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 452.85 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 452.85 Td (The nonvested performance shares are reflected at tar) Tj ET Q q 0 0 0 rg BT 349.45 452.85 Td (get payout level. ) Tj ET Q q 0 0 0 rg BT 431.32 452.85 Td (The performance metric ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 439.05 Td (component increase or decrease in the number of shares from the tar) Tj ET Q q 0 0 0 rg BT 417.82 439.05 Td (get level to the estimated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 425.25 Td (actual payout level is included in the increase for performance factor amounts in the year the award ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 411.45 Td (vests.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 397.65 Td (\(c\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 397.65 Td (W) Tj ET Q q 0 0 0 rg BT 113.43 397.65 Td (e account for forfeitures as they occur) Tj ET Q q 0 0 0 rg BT 287.13 397.65 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 370.05 Td (Share-based liabilities paid relating to restricted stock units were ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 386.01 370.05 Td ($4 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 433.62 370.05 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 439.37 370.05 Td ($3 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 486.97 370.05 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 509.32 370.05 Td ($10 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 356.25 Td ( in 2017, 2016 and 2015, respectively) Tj ET Q q 0 0 0 rg BT 255.09 356.25 Td (. ) Tj ET Q q 0 0 0 rg BT 260.63 356.25 Td (This includes cash used to settle restricted stock units of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 521.89 356.25 Td ($4 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 342.45 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 342.45 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 88.48 342.45 Td ($3 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 136.08 342.45 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 158.43 342.45 Td ($3 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 206.03 342.45 Td ( in 2017, 2016 and 2015, respectively) Tj ET Q q 0 0 0 rg BT 378.40 342.45 Td (. Restricted stock units that are cash ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 328.65 Td (settled are classified as liability awards. Share-based liabilities paid relating to performance shares were ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.97 328.65 Td ($16 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 314.85 Td (million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 82.73 314.85 Td ( in 2015. In 2017 and 2016, performance shares were classified as equity awards. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 301.05 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 287.25 Td (Restricted Stock Units, Stock Grants, and Stock Units ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 273.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 259.65 Td (Restricted stock units are granted to of) Tj ET Q q 0 0 0 rg BT 262.86 259.65 Td (ficers and key employees. Restricted stock units typically vest ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 245.85 Td (and settle in equal annual installments over a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 259.00 245.85 Td (4) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 264.75 245.85 Td (-year period after the grant date. ) Tj ET Q q 0 0 0 rg BT 418.44 245.85 Td (V) Tj ET Q q 0 0 0 rg BT 425.47 245.85 Td (esting is typically dependent ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 232.05 Td (upon continuous service during the vesting period; however) Tj ET Q q 0 0 0 rg BT 324.66 232.05 Td (, awards granted to retirement-eligible employees ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 218.25 Td (will vest upon the employee's retirement. ) Tj ET Q q 0 0 0 rg BT 246.71 218.25 Td (A) Tj ET Q q 0 0 0 rg BT 253.96 218.25 Td (wardees elect to receive payment in either ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 450.33 218.25 Td (100%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.16 218.25 Td ( stock, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 510.06 218.25 Td (100%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 536.89 218.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 204.45 Td (cash, or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 88.14 204.45 Td (50%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 109.22 204.45 Td ( in cash and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 166.70 204.45 Td (50%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 187.78 204.45 Td ( in stock.Restricted stock unit awards typically include a dividend equivalent ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 190.65 Td (feature. ) Tj ET Q q 0 0 0 rg BT 86.96 190.65 Td (This feature allows each award to accrue dividend rights equal to the dividends they would have ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 176.85 Td (received had they directly owned the stock. Interest on dividend rights compounds quarterly) Tj ET Q q 0 0 0 rg BT 472.54 176.85 Td (. If the award is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 163.05 Td (forfeited the employee is not entitled to the dividends on those shares.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 149.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 135.45 Td (In December2012, the Company granted a retention award of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 373.86 135.45 Td (50,617) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 405.48 135.45 Td ( performance-linked restricted ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 121.65 Td (stock units to the Chairman of the Board and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 347.91 121.65 Td (ficer of Pinnacle ) Tj ET Q q 0 0 0 rg BT 426.57 121.65 Td (W) Tj ET Q q 0 0 0 rg BT 436.50 121.65 Td (est. ) Tj ET Q q 0 0 0 rg BT 457.69 121.65 Td (This award vested on ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 107.85 Td (December31, 2016, because he remained employed with the Company through that date. ) Tj ET Q q 0 0 0 rg BT 466.69 107.85 Td (The Board did ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 94.05 Td (increase the number of awards that vested by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 259.62 94.05 Td (33,745) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 291.25 94.05 Td ( restricted stock units, payable in stock because certain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 80.25 Td (performance requirements were met. In February 2017, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 310.07 80.25 Td (84,362) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 341.69 80.25 Td ( restricted stock units were released.) Tj ET Q endstream endobj 337 0 obj <>] /Rotate 0 /Contents 338 0 R>> endobj 338 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (164) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (Compensation cost for restricted stock unit awards is based on the fair value of the award, with the fair ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (value being the market price of our stock on the measurement date. Restricted stock unit awards that will be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (settled in cash are accounted for as liability awards, with compensation cost initially calculated on the date of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (grant using the Company) Tj ET Q q 0 0 0 rg BT 168.64 679.65 Td (s closing stock price, and remeasured at each balance sheet date. Restricted stock unit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (awards that will be settled in shares are accounted for as equity awards, with compensation cost calculated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (using the Company's closing stock price on the date of grant. Compensation cost is recognized over the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (requisite service period based on the fair value of the award. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 624.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 610.65 Td (Stock grants are issued to non-of) Tj ET Q q 0 0 0 rg BT 236.36 610.65 Td (ficer members of the Board of Directors. ) Tj ET Q q 0 0 0 rg BT 429.35 610.65 Td (They may elect to receive ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (the stock grant, or to defer receipt until a later date and receive stock units in lieu of the stock grant. ) Tj ET Q q 0 0 0 rg BT 513.61 596.85 Td (The ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (members of the Board of Directors who elect to defer may elect to receive payment in either ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 477.07 583.05 Td (100%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 503.90 583.05 Td ( stock, or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (50%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 70.58 569.25 Td ( in cash and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 128.06 569.25 Td (50%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 149.14 569.25 Td ( in stock. Each stock unit is convertible to one share of stock. ) Tj ET Q q 0 0 0 rg BT 436.38 569.25 Td (The stock units accrue ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (dividend rights, equal to the amount of dividends the Directors would have received had they directly owned ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (stock equal to the number of vested restricted stock units or stock units from the date of grant to the date of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td (payment, plus interest compounded quarterly) Tj ET Q q 0 0 0 rg BT 256.66 527.85 Td (. ) Tj ET Q q 0 0 0 rg BT 265.08 527.85 Td (The dividends and interest are paid, based on the Director) Tj ET Q q 0 0 0 rg BT 531.20 527.85 Td () Tj ET Q q 0 0 0 rg BT 534.39 527.85 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td (election, in either stock, or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 175.00 514.05 Td (50%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 196.08 514.05 Td ( in cash and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 253.57 514.05 Td (50%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 274.65 514.05 Td ( in stock.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td (Performance Shar) Tj ET Q q 0 0 0 rg BT 139.67 486.45 Td (e ) Tj ET Q q 0 0 0 rg BT 147.01 486.45 Td (A) Tj ET Q q 0 0 0 rg BT 154.46 486.45 Td (wards) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 458.85 Td (Performance share awards are granted to of) Tj ET Q q 0 0 0 rg BT 285.17 458.85 Td (ficers and key employees. ) Tj ET Q q 0 0 0 rg BT 410.14 458.85 Td (The awards contain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 503.06 458.85 Td (two) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 520.32 458.85 Td ( separate ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.05 Td (performance criteria that af) Tj ET Q q 0 0 0 rg BT 174.76 445.05 Td (fect the number of shares that may be received if after the end of a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 482.88 445.05 Td (3) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 488.63 445.05 Td (-year ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (performance period the performance criteria are met. For the first criteria, the number of shares that will vest ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.45 Td (is based on non-financial performance metrics \(i.e., the metric component\). ) Tj ET Q q 0 0 0 rg BT 398.64 417.45 Td (The other criteria is based upon ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.65 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.77 403.65 Td (W) Tj ET Q q 0 0 0 rg BT 101.70 403.65 Td (est's total shareholder return \('TSR'\) in relation to the ) Tj ET Q q 0 0 0 rg BT 348.19 403.65 Td (TSR of other companies in a specified utility ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.85 Td (index \(i.e., the ) Tj ET Q q 0 0 0 rg BT 118.27 389.85 Td (TSR component\). ) Tj ET Q q 0 0 0 rg BT 202.71 389.85 Td (The exact number of shares issued will vary from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 433.60 389.85 Td (0%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 448.93 389.85 Td ( to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.63 389.85 Td (200%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 490.46 389.85 Td ( of the tar) Tj ET Q q 0 0 0 rg BT 534.63 389.85 Td (get ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.05 Td (award. Shares received include dividend rights paid in stock equal to the amount of dividends that recipients ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (would have received had they directly owned stock, equal to the number of vested performance shares from the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.45 Td (date of grant to the date of payment plus interest compounded quarterly) Tj ET Q q 0 0 0 rg BT 378.00 348.45 Td (. If the award is forfeited or if the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.65 Td (performance criteria are not achieved, the employee is not entitled to the dividends on those shares.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 320.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 307.05 Td (Performance share awards are accounted for as equity awards, with compensation cost based on the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (fair value of the award on the grant date. Compensation cost relating to the metric component of the award is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.45 Td (based on the Company) Tj ET Q q 0 0 0 rg BT 157.77 279.45 Td (s closing stock price on the date of grant, with compensation cost recognized over the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.65 Td (requisite service period based on the number of shares expected to vest. Management evaluates the probability ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 251.85 Td (of meeting the metric component at each balance sheet date. If the metric component criteria are not ultimately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 238.05 Td (achieved, no compensation cost is recognized relating to the metric component, and any previously recognized ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (compensation cost is reversed. Compensation cost relating to the ) Tj ET Q q 0 0 0 rg BT 353.02 224.25 Td (TSR component of the award is determined ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.45 Td (using a Monte Carlo simulation valuation model, with compensation cost recognized ratably over the requisite ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.65 Td (service period, regardless of the number of shares that actually vest. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 155.25 Td (16) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 61.00 155.25 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 155.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 138.83 155.25 Td (Accounting) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 195.06 155.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 127.65 Td (Derivative financial instruments are used to manage exposure to commodity price and transportation ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.85 Td (costs of electricity) Tj ET Q q 0 0 0 rg BT 133.06 113.85 Td (, natural gas, coal, emissions allowances and interest rates. Risks associated with market ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.05 Td (volatility are managed by utilizing various physical and financial derivative instruments, including futures, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.25 Td (forwards, options and swaps. ) Tj ET Q q 0 0 0 rg BT 188.45 86.25 Td (As part of our overall risk management program, we may use derivative ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.45 Td (instruments to hedge purchases and sales of electricity and fuels. Derivative instruments that meet certain ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.65 Td (hedge accounting criteria may be designated as cash flow hedges and are used to limit our exposure to cash ) Tj ET Q endstream endobj 339 0 obj <>] /Rotate 0 /Contents 340 0 R>> endobj 340 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (165) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (flow variability on forecasted transactions. ) Tj ET Q q 0 0 0 rg BT 251.44 721.05 Td (The changes in market value of such instruments have a high ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (correlation to price changes in the hedged transactions. Derivative instruments are also entered into for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (economic hedging purposes. ) Tj ET Q q 0 0 0 rg BT 186.31 693.45 Td (While economic hedges may mitigate exposure to fluctuations in commodity ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (prices, these instruments have not been designated as accounting hedges. Contracts that have the same terms ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (\(quantities, delivery points and delivery periods\) and for which power does not flow are netted, which reduces ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.05 Td (both revenues and fuel and purchased power costs in our Consolidated Statements of Income, but does not ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (impact our financial condition, net income or cash flows.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 624.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 610.65 Td (Our derivative instruments, excluding those qualifying for a scope exception, are recorded on the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td (balance sheet as an asset or liability and are measured at fair value. See Note 13 for a discussion of fair value ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (measurements. Derivative instruments may qualify for the normal purchases and normal sales scope exception ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (if they require physical delivery and the quantities represent those transacted in the normal course of business. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (Derivative instruments qualifying for the normal purchases and sales scope exception are accounted for under ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (the accrual method of accounting and excluded from our derivative instrument discussion and disclosures ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td (below) Tj ET Q q 0 0 0 rg BT 76.86 527.85 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 500.25 Td (For its regulated operations, ) Tj ET Q q 0 0 0 rg BT 216.77 500.25 Td (APS defers for future rate treatment ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 384.74 500.25 Td (100%) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 411.57 500.25 Td ( of the unrealized gains and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td (losses on derivatives pursuant to the PSA) Tj ET Q q 0 0 0 rg BT 239.24 486.45 Td ( mechanism that would otherwise be recognized in income. Realized ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.65 Td (gains and losses on derivatives are deferred in accordance with the PSA) Tj ET Q q 0 0 0 rg BT 379.39 472.65 Td ( to the extent the amounts are above or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.85 Td (below the Base Fuel Rate \(see Note 3\). Gains and losses from derivatives in the following tables represent the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.05 Td (amounts reflected in income before the ef) Tj ET Q q 0 0 0 rg BT 240.88 445.05 Td (fect of PSA) Tj ET Q q 0 0 0 rg BT 293.90 445.05 Td ( deferrals.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 417.45 Td (As of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 113.61 417.45 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 203.98 417.45 Td (, we had the following outstanding gross notional volume of derivatives, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 403.65 Td (which represent both purchases and sales \(does not reflect net position\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 389.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 85.00 349.35 78.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 349.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 349.35 150.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 349.35 120.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 349.35 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 349.35 121.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 364.35 m 437 364.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 364.35 m 441 364.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 364.35 m 562 364.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 85 349.35 m 163 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 349.35 m 317 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 364.35 m 437 364.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 349.35 m 437 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 364.35 m 441 364.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 364.35 m 562 364.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 349.35 m 562 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 349.35 m 317 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 349.35 m 437 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 349.35 m 441 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 349.35 m 562 349.35 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.80 369.03 Td (Quantity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.50 354.03 Td (Commodity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.85 354.03 Td (Unit of Measur) Tj ET Q q 0 0 0 rg BT 271.75 354.03 Td (e) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.15 354.03 Td (December) Tj ET Q q 0 0 0 rg BT 379.37 354.03 Td ( 31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.65 354.03 Td (December) Tj ET Q q 0 0 0 rg BT 503.77 354.03 Td ( 31, 2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 87.50 338.38 Td (Power) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 288.55 338.38 Td (GWh) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 338.02 Td (583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 338.02 Td (1,314) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 87.50 322.38 Td (Gas) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 233.65 322.38 Td (Billion cubic feet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 322.02 Td (240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 322.02 Td (194) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 304.05 Td () Tj ET Q endstream endobj 341 0 obj <>] /Rotate 0 /Contents 342 0 R>> endobj 342 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (166) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (Gains and Losses fr) Tj ET Q q 0 0 0 rg BT 146.11 721.25 Td (om Derivative Instruments) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.65 Td (The following table provides information about gains and losses from derivative instruments in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (designated cash flow accounting hedging relationships during the years ended ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 411.02 679.85 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 501.39 679.85 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 507.14 679.85 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 530.14 679.85 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 72.50 666.05 Td ( \(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 607.75 253.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 607.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 607.75 77.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.00 607.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 607.75 55.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 607.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 607.75 55.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 607.75 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 607.75 56.00 -35.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 620.75 m 443 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 620.75 m 447 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 620.75 m 502 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 620.75 m 506 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 620.75 m 562 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 607.75 m 303 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 607.75 m 384 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 620.75 m 443 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 607.75 m 443 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 620.75 m 447 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 620.75 m 502 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 607.75 m 502 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 620.75 m 506 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 620.75 m 562 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 607.75 m 562 607.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.65 624.98 Td (FinancialStatement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.45 632.98 Td (Y) Tj ET Q q 0 0 0 rg BT 459.34 632.98 Td (ear) Tj ET Q q 0 0 0 rg BT 470.30 632.98 Td (Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.25 624.98 Td (December) Tj ET Q q 0 0 0 rg BT 485.75 624.98 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 611.98 Td (CommodityContracts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.85 611.98 Td (Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.00 611.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.00 611.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 611.98 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 598.32 Td (Gain \(Loss\) Recognized in OCI on Derivative Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 588.32 Td (\(Ef) Tj ET Q q 0 0 0 rg BT 65.18 588.32 Td (fective Portion\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.50 597.42 Td (OCI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.50 587.42 Td (derivative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.50 577.42 Td (instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.80 577.47 Td (\(59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 577.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 577.42 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 577.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 577.47 Td (\(615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 577.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 563.32 Td (Loss Reclassified from ) Tj ET Q q 0 0 0 rg BT 146.65 563.32 Td (Accumulated OCI into Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 553.32 Td (\(Ef) Tj ET Q q 0 0 0 rg BT 65.09 553.32 Td (fective Portion Realized\) \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.50 562.42 Td (Fuel and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.50 552.42 Td (purchased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.50 542.42 Td (power \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.30 542.47 Td (\(3,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 542.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 542.47 Td (\(3,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 542.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 542.47 Td (\(5,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 542.42 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 518.45 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 518.45 Td (During the years ended ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 213.35 518.45 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 303.73 518.45 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 309.48 518.45 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 332.48 518.45 Td (, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 357.71 518.45 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 380.71 518.45 Td (, we had ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 422.22 518.45 Td (no) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 433.72 518.45 Td ( losses reclassified from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 504.65 Td (accumulated OCI to earnings related to discontinued cash flow hedges.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 490.85 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 490.85 Td (Amounts are before the ef) Tj ET Q q 0 0 0 rg BT 223.35 490.85 Td (fect of PSA) Tj ET Q q 0 0 0 rg BT 276.38 490.85 Td ( deferrals.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 477.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 463.25 Td (During the next twelve months, we estimate that a net loss of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 369.43 463.25 Td ($2 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 417.03 463.25 Td ( before income taxes will be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 449.45 Td (reclassified from accumulated OCI as an of) Tj ET Q q 0 0 0 rg BT 249.19 449.45 Td (fset to the ef) Tj ET Q q 0 0 0 rg BT 306.14 449.45 Td (fect of market price changes for the related hedged ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 435.65 Td (transactions. In accordance with the PSA, most of these amounts will be recorded as either a regulatory asset ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 421.85 Td (or liability and have no immediate ef) Tj ET Q q 0 0 0 rg BT 219.19 421.85 Td (fect on earnings.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 408.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 394.25 Td (The following table provides information about gains and losses from derivative instruments not ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 380.45 Td (designated as accounting hedging instruments during the years ended ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 371.10 380.45 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 461.48 380.45 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 467.23 380.45 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 490.23 380.45 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 512.58 380.45 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 535.58 380.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 366.65 Td (\(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 352.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 310.35 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 310.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 310.35 94.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 310.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 310.35 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 310.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 310.35 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 310.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 310.35 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 271.35 210.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 271.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 271.35 94.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 271.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 271.35 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 271.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 271.35 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 271.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 271.35 63.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 322.35 m 428 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 322.35 m 432 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 322.35 m 496 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 322.35 m 500 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 322.35 m 563 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 310.35 m 260 310.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 310.35 m 358 310.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 322.35 m 428 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 310.35 m 428 310.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 322.35 m 432 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 322.35 m 496 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 310.35 m 496 310.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 322.35 m 500 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 322.35 m 563 322.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 310.35 m 563 310.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 271.35 m 428 271.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 271.35 m 496 271.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 271.35 m 563 271.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 271.35 m 428 271.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 258.35 m 428 258.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 256.35 m 428 256.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 271.35 m 496 271.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 258.35 m 496 258.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 256.35 m 496 256.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 271.35 m 563 271.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 258.35 m 563 258.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 256.35 m 563 256.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.15 326.58 Td (FinancialStatement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.95 334.43 Td (Y) Tj ET Q q 0 0 0 rg BT 446.84 334.43 Td (ear) Tj ET Q q 0 0 0 rg BT 457.80 334.43 Td (Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.75 326.43 Td (December) Tj ET Q q 0 0 0 rg BT 473.25 326.43 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 314.43 Td (CommodityContracts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.35 314.43 Td (Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.50 314.43 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.50 314.43 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.00 314.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 300.92 Td (Net Gain \(Loss\) Recognized in Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.50 300.02 Td (Operating revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 300.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.30 300.07 Td (\(1,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 300.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 300.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 300.02 Td (771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 300.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 300.02 Td (574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 285.92 Td (Net Gain \(Loss\) Recognized in Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.50 285.92 Td (Fuel and purchased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.50 275.92 Td (power \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.30 276.07 Td (\(87,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 276.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 276.02 Td (25,71) Tj ET Q q 0 0 0 rg BT 487.15 276.02 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 276.07 Td (\(108,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 276.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 261.92 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 261.92 Td (otal) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 354.50 260.11 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 261.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.30 261.97 Td (\(89,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 261.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.50 261.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 261.92 Td (26,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 261.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 261.97 Td (\(108,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 261.92 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 238.05 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 238.05 Td (Amounts are before the ef) Tj ET Q q 0 0 0 rg BT 223.35 238.05 Td (fect of PSA) Tj ET Q q 0 0 0 rg BT 276.38 238.05 Td ( deferrals.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 224.25 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 210.45 Td (Derivative Instruments in the Consolidated Balance Sheets) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 182.85 Td (Our derivative transactions are typically executed under standardized or customized agreements, which ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.05 Td (include collateral requirements and, in the event of a default, would allow for the netting of positive and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 155.25 Td (negative exposures associated with a single counterparty) Tj ET Q q 0 0 0 rg BT 309.34 155.25 Td (. ) Tj ET Q q 0 0 0 rg BT 317.33 155.25 Td (Agreements that allow for the of) Tj ET Q q 0 0 0 rg BT 466.90 155.25 Td (fsetting of positive ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 141.45 Td (and negative exposures associated with a single counterparty are considered master netting arrangements. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.65 Td (T) Tj ET Q q 0 0 0 rg BT 56.12 127.65 Td (ransactions with counterparties that have master netting arrangements are of) Tj ET Q q 0 0 0 rg BT 406.22 127.65 Td (fset and reported net on the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.85 Td (Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 191.42 113.85 Td (T) Tj ET Q q 0 0 0 rg BT 198.04 113.85 Td (ransactions that do not allow for of) Tj ET Q q 0 0 0 rg BT 358.80 113.85 Td (fsetting of positive and negative positions ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.05 Td (are reported gross on the Consolidated Balance Sheets.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 86.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 72.45 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 72.45 Td (e do not of) Tj ET Q q 0 0 0 rg BT 144.73 72.45 Td (fset a counterparty's current derivative contracts with the counterparty) Tj ET Q q 0 0 0 rg BT 469.96 72.45 Td (s non-current ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.65 Td (derivative contracts, although our master netting arrangements would allow current and non-current positions ) Tj ET Q endstream endobj 343 0 obj <>] /Rotate 0 /Contents 344 0 R>> endobj 344 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (167) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (to be of) Tj ET Q q 0 0 0 rg BT 84.42 721.05 Td (fset in the event of a default. ) Tj ET Q q 0 0 0 rg BT 220.78 721.05 Td (Additionally) Tj ET Q q 0 0 0 rg BT 278.17 721.05 Td (, in the event of a default, our master netting arrangements ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (would allow for the of) Tj ET Q q 0 0 0 rg BT 152.13 707.25 Td (fsetting of all transactions executed under the master netting arrangement. ) Tj ET Q q 0 0 0 rg BT 498.08 707.25 Td (These types ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (of transactions may include non-derivative instruments, derivatives qualifying for scope exceptions, trade ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (receivables and trade payables arising from settled positions, and other forms of non-cash collateral \(such as ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.85 Td (letters of credit\). ) Tj ET Q q 0 0 0 rg BT 131.36 665.85 Td (These types of transactions are excluded from the of) Tj ET Q q 0 0 0 rg BT 371.92 665.85 Td (fsetting tables presented below) Tj ET Q q 0 0 0 rg BT 513.29 665.85 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 652.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 638.25 Td (As of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 113.61 638.25 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 203.98 638.25 Td (, we ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 226.02 638.25 Td (no) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 237.52 638.25 Td ( longer have derivative instruments that are designated as cash flow ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (hedging instruments. ) Tj ET Q q 0 0 0 rg BT 148.21 624.45 Td (As of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 176.32 624.45 Td (December31, 2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 266.69 624.45 Td (, the Consolidated Balance Sheets included ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 468.22 624.45 Td ($2 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 515.82 624.45 Td ( of gross ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (liabilities related to derivative instruments designated as cash flow hedging instruments.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 583.05 Td (The following tables provide information about the fair value of our risk management activities ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (reported on a gross basis, and the impacts of of) Tj ET Q q 0 0 0 rg BT 265.83 569.25 Td (fsetting as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 328.11 569.25 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 418.48 569.25 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 440.83 569.25 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 463.83 569.25 Td (. ) Tj ET Q q 0 0 0 rg BT 472.25 569.25 Td (These amounts ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (relate to commodity contracts and are located in the assets and liabilities from risk management activities lines ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (of our Consolidated Balance Sheets.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 527.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 479.35 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 479.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 479.35 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 479.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 479.35 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 479.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 479.35 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 479.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 479.35 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 479.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 479.35 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 450.35 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 450.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 450.35 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 450.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 450.35 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 450.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 450.35 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 450.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 450.35 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 450.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 450.35 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 422.35 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 422.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 422.35 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 422.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 422.35 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 422.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 422.35 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 422.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 422.35 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 422.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 422.35 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 392.35 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 392.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 392.35 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 392.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 392.35 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 392.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 392.35 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 392.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 392.35 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 392.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 392.35 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 479.35 m 254 479.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 479.35 m 316 479.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 479.35 m 377 479.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 479.35 m 439 479.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 479.35 m 501 479.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 479.35 m 563 479.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 479.35 m 316 479.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 479.35 m 377 479.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 479.35 m 439 479.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 479.35 m 501 479.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 479.35 m 563 479.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 450.35 m 316 450.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 450.35 m 377 450.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 450.35 m 439 450.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 450.35 m 501 450.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 450.35 m 563 450.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 436.35 m 316 436.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 436.35 m 377 436.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 436.35 m 439 436.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 436.35 m 501 436.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 436.35 m 563 436.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 392.35 m 316 392.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 392.35 m 377 392.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 392.35 m 439 392.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 392.35 m 501 392.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 392.35 m 563 392.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 378.35 m 316 378.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 378.35 m 377 378.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 378.35 m 439 378.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 378.35 m 501 378.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 378.35 m 563 378.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 378.35 m 316 378.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 365.35 m 316 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 363.35 m 316 363.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 378.35 m 377 378.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 365.35 m 377 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 363.35 m 377 363.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 378.35 m 439 378.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 365.35 m 439 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 363.35 m 439 363.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 378.35 m 501 378.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 365.35 m 501 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 363.35 m 501 363.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 378.35 m 563 378.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 365.35 m 563 365.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 363.35 m 563 363.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 491.58 Td (As of December) Tj ET Q q 0 0 0 rg BT 106.55 491.58 Td ( 31, 2017:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 483.58 Td ( \(dollars in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.55 509.43 Td (Gr) Tj ET Q q 0 0 0 rg BT 286.18 509.43 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.90 501.43 Td (Recognized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.15 493.43 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.55 483.92 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.05 483.92 Td (\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.40 499.58 Td (Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.55 491.58 Td (Offset) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.10 483.58 Td (\(b\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.50 503.53 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 494.02 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.15 494.02 Td (Recognized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.90 484.02 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.40 484.02 Td (Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.35 493.53 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 484.02 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 484.02 Td (\(c\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.45 499.58 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.25 491.58 Td (Reportedon) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.60 483.58 Td (BalanceSheet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 469.92 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 469.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 469.92 Td (5,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 469.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.30 469.97 Td (\(3,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 469.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 469.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 469.92 Td (1,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 469.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 469.92 Td (300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 469.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 469.92 Td (1,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 455.02 Td (Investments and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 455.02 Td (1,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.30 455.07 Td (\(1,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 455.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 455.02 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 455.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 455.02 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 440.92 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 440.92 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 440.92 Td (6,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.30 440.97 Td (\(5,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 440.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 440.92 Td (1,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 440.92 Td (300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 440.92 Td (1,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 412.92 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.30 412.97 Td (\(59,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 412.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 412.92 Td (3,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 412.97 Td (\(55,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 412.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 412.97 Td (\(3,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 412.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 412.97 Td (\(59,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 412.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 397.02 Td (Deferred credits and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.30 397.07 Td (\(38,41) Tj ET Q q 0 0 0 rg BT 307.13 397.07 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 397.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 397.02 Td (1,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 397.07 Td (\(37,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 397.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 397.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 397.07 Td (\(37,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 397.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 382.92 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 382.92 Td (otal liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.30 382.97 Td (\(97,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 382.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 382.92 Td (5,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 382.97 Td (\(92,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 382.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 382.97 Td (\(3,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 382.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 382.97 Td (\(96,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 382.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 368.92 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 368.92 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 368.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.30 368.97 Td (\(91,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 368.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 368.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 368.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 368.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 368.97 Td (\(91,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 368.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 368.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 368.97 Td (\(3,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 368.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 368.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 368.97 Td (\(94,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 368.92 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 345.05 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 345.05 Td (All of our gross recognized derivative instruments were subject to master netting arrangements.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 331.25 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 331.25 Td (No) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 117.56 331.25 Td ( cash collateral has been provided to counterparties, or received from counterparties, that is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 317.45 Td (subject to of) Tj ET Q q 0 0 0 rg BT 160.14 317.45 Td (fsetting.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 303.65 Td (\(c\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 303.65 Td (Represents cash collateral and cash mar) Tj ET Q q 0 0 0 rg BT 286.26 303.65 Td (gin that is not subject to of) Tj ET Q q 0 0 0 rg BT 408.71 303.65 Td (fsetting. ) Tj ET Q q 0 0 0 rg BT 448.32 303.65 Td (Amounts relate to non-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 289.85 Td (derivative instruments, derivatives qualifying for scope exceptions, or collateral and mar) Tj ET Q q 0 0 0 rg BT 510.78 289.85 Td (gin posted ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 276.05 Td (in excess of the recognized derivative instrument. Includes cash collateral received from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 262.25 Td (counterparties of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 183.97 262.25 Td ($3,521) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 215.59 262.25 Td ( and cash mar) Tj ET Q q 0 0 0 rg BT 278.93 262.25 Td (gin provided to counterparties of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 432.54 262.25 Td ($300) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 455.54 262.25 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 248.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 195.95 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 195.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 195.95 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 195.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 195.95 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 195.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 195.95 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 195.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 195.95 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 195.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 195.95 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 164.95 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 164.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 164.95 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 164.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 164.95 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 164.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 164.95 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 164.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 164.95 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 164.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 164.95 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 136.95 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 136.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 136.95 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 136.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 136.95 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 136.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 136.95 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 136.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 136.95 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 136.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 136.95 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 107.95 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 107.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 107.95 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 107.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 107.95 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 107.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 107.95 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 107.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 107.95 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 107.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 107.95 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 195.95000000000005 m 254 195.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 195.95000000000005 m 316 195.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 195.95000000000005 m 377 195.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 195.95000000000005 m 439 195.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 195.95000000000005 m 501 195.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 195.95000000000005 m 563 195.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 195.95000000000005 m 316 195.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 195.95000000000005 m 377 195.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 195.95000000000005 m 439 195.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 195.95000000000005 m 501 195.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 195.95000000000005 m 563 195.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 164.95000000000005 m 316 164.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 164.95000000000005 m 377 164.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 164.95000000000005 m 439 164.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 164.95000000000005 m 501 164.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 164.95000000000005 m 563 164.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 150.95000000000005 m 316 150.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 150.95000000000005 m 377 150.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 150.95000000000005 m 439 150.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 150.95000000000005 m 501 150.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 150.95000000000005 m 563 150.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 107.95000000000005 m 316 107.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 107.95000000000005 m 377 107.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 107.95000000000005 m 439 107.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 107.95000000000005 m 501 107.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 107.95000000000005 m 563 107.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 93.95000000000005 m 316 93.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 93.95000000000005 m 377 93.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 93.95000000000005 m 439 93.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 93.95000000000005 m 501 93.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 93.95000000000005 m 563 93.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 93.95000000000005 m 316 93.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 80.95000000000005 m 316 80.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 78.95000000000005 m 316 78.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 93.95000000000005 m 377 93.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 80.95000000000005 m 377 80.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 78.95000000000005 m 377 78.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 93.95000000000005 m 439 93.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 80.95000000000005 m 439 80.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 78.95000000000005 m 439 78.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 93.95000000000005 m 501 93.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 80.95000000000005 m 501 80.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 78.95000000000005 m 501 78.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 93.95000000000005 m 563 93.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 80.95000000000005 m 563 80.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 78.95000000000005 m 563 78.95000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 208.18 Td (As of December) Tj ET Q q 0 0 0 rg BT 106.55 208.18 Td ( 31, 2016:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 200.18 Td ( \(dollars in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.55 230.03 Td (Gr) Tj ET Q q 0 0 0 rg BT 286.18 230.03 Td (oss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 220.52 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.15 220.52 Td (Recognized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.90 210.52 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.40 210.52 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.55 200.52 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.05 200.52 Td (\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.40 216.18 Td (Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.55 208.18 Td (Offset) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.10 200.18 Td (\(b\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.50 220.13 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 210.62 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.15 210.62 Td (Recognized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.90 200.62 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.40 200.62 Td (Derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.35 210.13 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 200.62 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 200.62 Td (\(c\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.45 220.13 Td (Amount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 210.62 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.50 210.62 Td (Reportedon) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.35 200.62 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.85 200.62 Td (BalanceSheet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 186.52 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 186.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 186.52 Td (48,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 186.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.30 186.57 Td (\(28,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 186.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 186.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 186.52 Td (19,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 186.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 186.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 186.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 186.52 Td (19,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 169.62 Td (Investments and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 169.62 Td (6,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.30 169.67 Td (\(6,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 169.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 169.62 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 169.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 169.62 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 155.52 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 155.52 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 155.52 Td (54,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.30 155.57 Td (\(35,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 155.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 155.52 Td (19,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 155.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 155.52 Td (19,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 127.52 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.30 127.57 Td (\(50,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 127.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 127.52 Td (28,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 127.57 Td (\(21,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 127.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 127.57 Td (\(4,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 127.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 127.57 Td (\(25,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 127.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 112.62 Td (Deferred credits and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.30 112.67 Td (\(53,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 112.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 112.62 Td (6,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 112.67 Td (\(47,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 112.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 112.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 112.67 Td (\(47,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 112.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 98.52 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 98.52 Td (otal liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.30 98.57 Td (\(104,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 98.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 98.52 Td (35,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 98.57 Td (\(69,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 98.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 98.57 Td (\(4,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 98.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 98.57 Td (\(73,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 98.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 84.52 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 84.52 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 84.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.30 84.57 Td (\(49,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 84.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 84.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 84.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 84.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 84.57 Td (\(49,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 84.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 84.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 84.57 Td (\(4,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 84.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 84.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 84.57 Td (\(53,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 84.52 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 60.65 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 60.65 Td (All of our gross recognized derivative instruments were subject to master netting arrangements.) Tj ET Q endstream endobj 345 0 obj <>] /Rotate 0 /Contents 346 0 R>> endobj 346 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (168) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 721.05 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 721.05 Td (No) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 117.56 721.05 Td ( cash collateral has been provided to counterparties, or received from counterparties, that is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 707.25 Td (subject to of) Tj ET Q q 0 0 0 rg BT 160.14 707.25 Td (fsetting.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 693.45 Td (\(c\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 693.45 Td (Represents cash collateral and cash mar) Tj ET Q q 0 0 0 rg BT 286.26 693.45 Td (gin that is not subject to of) Tj ET Q q 0 0 0 rg BT 408.71 693.45 Td (fsetting. ) Tj ET Q q 0 0 0 rg BT 451.19 693.45 Td (Amounts relate to non-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 679.65 Td (derivative instruments, derivatives qualifying for scope exceptions, or collateral and mar) Tj ET Q q 0 0 0 rg BT 510.78 679.65 Td (gin posted ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 665.85 Td (in excess of the recognized derivative instrument. Includes cash collateral received from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 652.05 Td (counterparties of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 183.97 652.05 Td ($4,054) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 215.59 652.05 Td (.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (Cr) Tj ET Q q 0 0 0 rg BT 62.70 624.45 Td (edit Risk and Cr) Tj ET Q q 0 0 0 rg BT 143.97 624.45 Td (edit Related Contingent Featur) Tj ET Q q 0 0 0 rg BT 296.76 624.45 Td (es) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 596.85 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 596.85 Td (e are exposed to losses in the event of nonperformance or nonpayment by counterparties and have ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 583.05 Td (risk management contracts with many counterparties. ) Tj ET Q q 0 0 0 rg BT 300.51 583.05 Td (As of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 328.62 583.05 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 419.00 583.05 Td (, Pinnacle ) Tj ET Q q 0 0 0 rg BT 467.01 583.05 Td (W) Tj ET Q q 0 0 0 rg BT 476.95 583.05 Td (est has no ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (counterparties with positive exposures of greater than 10% of risk management assets. Our risk management ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (process assesses and monitors the financial exposure of all counterparties. Despite the fact that the great ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.65 Td (majority of trading counterparties' debt is rated as investment grade by the credit rating agencies, there is still a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.85 Td (possibility that one or more of these counterparties could default, resulting in a material impact on consolidated ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.05 Td (earnings for a given period. Counterparties in the portfolio consist principally of financial institutions, major ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (ener) Tj ET Q q 0 0 0 rg BT 69.08 500.25 Td (gy companies, municipalities and local distribution companies. ) Tj ET Q q 0 0 0 rg BT 364.63 500.25 Td (W) Tj ET Q q 0 0 0 rg BT 374.56 500.25 Td (e maintain credit policies that we ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.45 Td (believe minimize overall credit risk to within acceptable limits. Determination of the credit quality of our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.65 Td (counterparties is based upon a number of factors, including credit ratings and our evaluation of their financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.85 Td (condition. ) Tj ET Q q 0 0 0 rg BT 101.36 458.85 Td (T) Tj ET Q q 0 0 0 rg BT 107.58 458.85 Td (o manage credit risk, we employ collateral requirements and standardized agreements that allow ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 445.05 Td (for the netting of positive and negative exposures associated with a single counterparty) Tj ET Q q 0 0 0 rg BT 448.59 445.05 Td (. ) Tj ET Q q 0 0 0 rg BT 457.01 445.05 Td (V) Tj ET Q q 0 0 0 rg BT 464.04 445.05 Td (aluation adjustments ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (are established representing our estimated credit losses on our overall exposure to counterparties.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 417.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 403.65 Td (Certain of our derivative instrument contracts contain credit-risk-related contingent features including, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.85 Td (among other things, investment grade credit rating provisions, credit-related cross-default provisions, and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 376.05 Td (adequate assurance provisions. ) Tj ET Q q 0 0 0 rg BT 196.72 376.05 Td (Adequate assurance provisions allow a counterparty with reasonable grounds ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (for uncertainty to demand additional collateral based on subjective events and/or conditions. For those ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.45 Td (derivative instruments in a net liability position, with investment grade credit contingencies, the counterparties ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.65 Td (could demand additional collateral if our debt credit rating were to fall below investment grade \(below BBB- ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 320.85 Td (for Standard& Poor) Tj ET Q q 0 0 0 rg BT 143.51 320.85 Td () Tj ET Q q 0 0 0 rg BT 146.71 320.85 Td (s or Fitch or Baa3 for Moody) Tj ET Q q 0 0 0 rg BT 284.69 320.85 Td (s\).) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 307.05 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 293.25 Td (The following table provides information about our derivative instruments that have credit-risk-related ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.45 Td (contingent features at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 151.36 279.45 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 241.74 279.45 Td ( \(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.65 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 235.15 447.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 235.15 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 207.15 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 207.15 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 235.14999999999998 m 562 235.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 235.14999999999998 m 562 235.14999999999998 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 237.87 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.75 247.23 Td (December) Tj ET Q q 0 0 0 rg BT 540.25 247.23 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 239.23 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 225.72 Td (Aggregate fair value of derivative instruments in a net liability position) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 225.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 225.72 Td (97,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 211.72 Td (Cash collateral posted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 211.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 197.72 Td (Additional cash collateral in the event credit-risk related contingent features were fully triggered \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 196.82 Td (91,071) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 172.85 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 172.85 Td (This amount is after counterparty netting and includes those contracts which qualify for scope ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 159.05 Td (exceptions, which are excluded from the derivative details above.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 145.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 131.45 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 131.45 Td (e also have ener) Tj ET Q q 0 0 0 rg BT 168.98 131.45 Td (gy related non-derivative instrument contracts with investment grade credit-related ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 117.65 Td (contingent features, which could also require us to post additional collateral of approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 482.55 117.65 Td ($1) Tj ET Q q 0 0 0 rg BT 493.62 117.65 Td (10 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 541.22 117.65 Td ( if ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 103.85 Td (our debt credit ratings were to fall below investment grade.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 76.25 Td () Tj ET Q endstream endobj 347 0 obj <>] /Rotate 0 /Contents 348 0 R>> endobj 348 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (169) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (17) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 61.00 721.25 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 721.25 Td (Other) Tj ET Q q 0 0 0 rg BT 114.67 721.25 Td ( Income and Other) Tj ET Q q 0 0 0 rg BT 207.42 721.25 Td ( Expense) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 251.19 721.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.65 Td (The following table provides detail of Pinnacle ) Tj ET Q q 0 0 0 rg BT 304.70 693.65 Td (W) Tj ET Q q 0 0 0 rg BT 314.63 693.65 Td (est's Consolidated other income and other expense ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 65.78 679.85 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 88.78 679.85 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 94.53 679.85 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 117.53 679.85 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 139.89 679.85 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 162.89 679.85 Td ( \(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 643.55 310.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 643.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 643.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 643.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 643.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 643.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 615.55 310.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 615.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 615.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 615.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 615.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 615.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 587.55 310.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 587.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 587.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 587.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 587.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 587.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 559.55 310.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 559.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 559.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 559.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 559.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 559.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 531.55 310.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 531.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 531.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 531.55 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 531.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 531.55 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 643.55 m 425 643.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 643.55 m 494 643.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 643.55 m 563 643.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 601.55 m 425 601.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 601.55 m 494 601.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 601.55 m 563 601.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 601.55 m 425 601.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 588.55 m 425 588.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 586.55 m 425 586.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 601.55 m 494 601.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 588.55 m 494 588.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 586.55 m 494 586.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 601.55 m 563 601.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 588.55 m 563 588.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 586.55 m 563 586.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 531.55 m 425 531.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 531.55 m 494 531.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 531.55 m 563 531.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 531.55 m 425 531.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 518.55 m 425 518.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 516.55 m 425 516.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 531.55 m 494 531.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 518.55 m 494 518.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 516.55 m 494 516.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 531.55 m 563 531.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 518.55 m 563 518.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 516.55 m 563 516.55 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 646.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.00 646.28 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.00 646.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.00 646.28 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 634.12 Td (Other income:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 421.50 632.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 490.50 632.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 632.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 620.12 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 620.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 620.12 Td (3,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 620.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 620.12 Td (884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 620.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 620.12 Td (493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 606.12 Td (Miscellaneous) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 606.12 Td (509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 606.12 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 606.12 Td (128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 592.12 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 592.12 Td (otal other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 592.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 592.12 Td (4,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 592.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 592.12 Td (901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 592.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 592.12 Td (621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 578.12 Td (Other expense:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 421.50 576.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 490.50 576.31 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 576.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 564.12 Td (Non-operating costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 564.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 564.17 Td (\(1) Tj ET Q q 0 0 0 rg BT 398.63 564.17 Td (1,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 564.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 564.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 564.17 Td (\(9,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 564.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 564.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 564.17 Td (\(1) Tj ET Q q 0 0 0 rg BT 536.63 564.17 Td (1,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 564.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 550.12 Td (Investment losses net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 550.17 Td (\(4,1) Tj ET Q q 0 0 0 rg BT 411.13 550.17 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 550.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 550.17 Td (\(1,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 550.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 550.17 Td (\(2,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 550.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 536.12 Td (Miscellaneous) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 536.17 Td (\(5,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 536.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 536.17 Td (\(4,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 536.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 536.17 Td (\(4,451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 536.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 522.12 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 522.12 Td (otal other expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 522.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 522.17 Td (\(21,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 522.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 522.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 522.17 Td (\(15,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 522.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 522.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 522.17 Td (\(17,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 522.12 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 504.25 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 476.65 Td (Other) Tj ET Q q 0 0 0 rg BT 78.67 476.65 Td ( Income and Other) Tj ET Q q 0 0 0 rg BT 171.42 476.65 Td ( Expense - ) Tj ET Q q 0 0 0 rg BT 224.14 476.65 Td (APS) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 245.86 476.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 462.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 449.05 Td (The following table provides detail of ) Tj ET Q q 0 0 0 rg BT 261.79 449.05 Td (APS) Tj ET Q q 0 0 0 rg BT 286.09 449.05 Td (s other income and other expense for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 458.85 449.05 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 481.85 449.05 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 487.60 449.05 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 510.60 449.05 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 532.95 449.05 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 555.95 449.05 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 435.25 Td (\(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 421.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 398.95 310.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 398.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 398.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 398.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 398.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 398.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 370.95 310.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 370.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 370.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 370.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 370.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 370.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 341.95 310.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 341.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 341.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 341.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 341.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 341.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 313.95 310.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 313.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 313.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 313.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 313.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 313.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 285.95 310.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 285.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 285.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 285.95 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 285.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 285.95 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 398.95000000000005 m 425 398.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 398.95000000000005 m 494 398.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 398.95000000000005 m 563 398.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 341.95000000000005 m 425 341.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 328.95000000000005 m 425 328.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 326.95000000000005 m 425 326.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 341.95000000000005 m 494 341.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 328.95000000000005 m 494 328.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 326.95000000000005 m 494 326.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 341.95000000000005 m 563 341.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 328.95000000000005 m 563 328.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 326.95000000000005 m 563 326.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 271.95000000000005 m 425 271.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 271.95000000000005 m 494 271.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 271.95000000000005 m 563 271.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 271.95000000000005 m 425 271.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 258.95000000000005 m 425 258.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 256.95000000000005 m 425 256.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 271.95000000000005 m 494 271.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 258.95000000000005 m 494 258.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 256.95000000000005 m 494 256.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 271.95000000000005 m 563 271.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 258.95000000000005 m 563 258.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 256.95000000000005 m 563 256.95000000000005 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 401.68 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.00 401.68 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.00 401.68 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.00 401.68 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 389.52 Td (Other income:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 389.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 389.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 389.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 375.52 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 375.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 375.52 Td (2,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 375.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 375.52 Td (261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 375.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 375.52 Td (163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 361.52 Td (Gain on disposition of property) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 360.62 Td (2,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 360.62 Td (5,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 360.62 Td (716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 346.52 Td (Miscellaneous) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 346.52 Td (1,620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 346.52 Td (2,601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 346.52 Td (1,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 332.52 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 332.52 Td (otal other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 332.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 332.52 Td (6,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 332.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 332.52 Td (8,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 332.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 332.52 Td (2,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 318.52 Td (Other expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 318.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 318.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 318.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 304.52 Td (Non-operating costs \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 304.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 304.57 Td (\(12,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 304.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 304.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 304.57 Td (\(1) Tj ET Q q 0 0 0 rg BT 467.63 304.57 Td (1,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 304.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 304.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 304.57 Td (\(1) Tj ET Q q 0 0 0 rg BT 536.63 304.57 Td (1,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 304.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 290.52 Td (Loss on disposition of property) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 290.57 Td (\(5,424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 290.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 290.57 Td (\(1,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 290.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 290.57 Td (\(2,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 290.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 276.52 Td (Miscellaneous) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.30 276.57 Td (\(5,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 276.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 276.57 Td (\(5,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 276.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 276.57 Td (\(5,152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 276.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 262.52 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 262.52 Td (otal other expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 262.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 262.57 Td (\(23,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 262.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 262.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 262.57 Td (\(17,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 262.52 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 262.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 262.57 Td (\(19,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 262.52 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 238.65 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 238.65 Td (As defined by FERC, includes non-operating utility income and expense \(items excluded from ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 224.85 Td (utility rate recovery\).) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 183.45 Td (18) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 61.00 183.45 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 183.45 Td (Palo ) Tj ET Q q 0 0 0 rg BT 109.89 183.45 Td (V) Tj ET Q q 0 0 0 rg BT 117.14 183.45 Td (erde Sale Leaseback ) Tj ET Q q 0 0 0 rg BT 219.46 183.45 Td (V) Tj ET Q q 0 0 0 rg BT 226.71 183.45 Td (ariable Inter) Tj ET Q q 0 0 0 rg BT 288.78 183.45 Td (est Entities) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 342.76 183.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 169.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 155.85 Td (In 1986, ) Tj ET Q q 0 0 0 rg BT 126.07 155.85 Td (APS entered into agreements with ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 286.08 155.85 Td (three) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 309.06 155.85 Td ( separate ) Tj ET Q q 0 0 0 rg BT 352.28 155.85 Td (VIE lessor trust entities in order to sell and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 142.05 Td (lease back interests in Palo ) Tj ET Q q 0 0 0 rg BT 176.08 142.05 Td (V) Tj ET Q q 0 0 0 rg BT 183.11 142.05 Td (erde Unit 2 and related common facilities. ) Tj ET Q q 0 0 0 rg BT 382.06 142.05 Td (APS will retain the assets through ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 128.25 Td (2023 under ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 104.43 128.25 Td (one) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.04 128.25 Td ( lease and 2033 under the other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 267.62 128.25 Td (two) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 284.87 128.25 Td ( leases. ) Tj ET Q q 0 0 0 rg BT 323.19 128.25 Td (APS will be required to make payments relating to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 114.45 Td (these leases of approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 188.09 114.45 Td ($23 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 241.45 114.45 Td ( annually for the period 2018 through 2023, and about ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 493.44 114.45 Td ($16 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 546.79 114.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 100.65 Td (annually for the period 2024 through 2033.) Tj ET Q q 0 0 0 rg BT 250.08 100.65 Td (At the end of the lease period, ) Tj ET Q q 0 0 0 rg BT 390.59 100.65 Td (APS willhave the option to purchase ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 86.85 Td (the leased assets at their fair market value, extend the leases for up to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 370.43 86.85 Td (two years) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 414.82 86.85 Td (, or return the assets to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 73.05 Td (lessors.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 59.25 Td () Tj ET Q endstream endobj 349 0 obj <>] /Rotate 0 /Contents 350 0 R>> endobj 350 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (170) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 721.05 Td (The leases' terms give ) Tj ET Q q 0 0 0 rg BT 189.13 721.05 Td (APS the ability to utilize the assets for a significant portion of the assets' ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (economic life, and therefore provide ) Tj ET Q q 0 0 0 rg BT 219.38 707.25 Td (APS with the power to direct activities of the ) Tj ET Q q 0 0 0 rg BT 429.65 707.25 Td (VIEs that most significantly ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (impact the ) Tj ET Q q 0 0 0 rg BT 100.39 693.45 Td (VIEs' economic performance. Predominantly due to the lease terms, ) Tj ET Q q 0 0 0 rg BT 418.62 693.45 Td (APS has been deemed the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (primary beneficiary of these ) Tj ET Q q 0 0 0 rg BT 182.12 679.65 Td (VIEs and therefore consolidates the ) Tj ET Q q 0 0 0 rg BT 348.93 679.65 Td (VIEs.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 652.05 Td (As a result of consolidation, we eliminate lease accounting and instead recognize depreciation expense, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (resulting in an increase in net income of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 236.64 638.25 Td ($19 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 289.99 638.25 Td ( for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 309.15 638.25 Td (2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 332.15 638.25 Td (, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 337.90 638.25 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 360.90 638.25 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 383.25 638.25 Td (2015) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 406.25 638.25 Td (. ) Tj ET Q q 0 0 0 rg BT 414.67 638.25 Td (The increase in net income is ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.45 Td (entirely attributable to the noncontrolling interests. Income attributable to Pinnacle ) Tj ET Q q 0 0 0 rg BT 435.72 624.45 Td (W) Tj ET Q q 0 0 0 rg BT 445.66 624.45 Td (est shareholders is not ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.65 Td (impacted by the consolidation. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 583.05 Td (Our Consolidated Balance Sheets at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 253.81 583.05 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 344.18 583.05 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 366.54 583.05 Td (December 31, 2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 456.91 583.05 Td ( include the following ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (amounts relating to the ) Tj ET Q q 0 0 0 rg BT 157.88 569.25 Td (VIEs \(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 555.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 524.95 378.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 524.95 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 524.95 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 524.95 65.00 -24.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 524.95 m 493 524.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 524.95 m 562 524.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 524.95 m 493 524.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 524.95 m 562 524.95 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 527.67 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.75 537.03 Td (December) Tj ET Q q 0 0 0 rg BT 471.32 537.03 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 529.03 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.75 537.03 Td (December) Tj ET Q q 0 0 0 rg BT 540.25 537.03 Td ( 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 529.03 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 505.62 Td (Palo ) Tj ET Q q 0 0 0 rg BT 72.69 505.62 Td (V) Tj ET Q q 0 0 0 rg BT 79.27 505.62 Td (erde sale leaseback property) Tj ET Q q 0 0 0 rg BT 191.38 505.62 Td (, plant and equipment, net of accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 505.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 505.62 Td (109,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 505.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 505.62 Td (1) Tj ET Q q 0 0 0 rg BT 530.65 505.62 Td (13,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 491.52 Td (Equity-Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 491.52 Td (129,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 491.52 Td (132,290) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 473.65 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 459.85 Td (Assets of the ) Tj ET Q q 0 0 0 rg BT 147.58 459.85 Td (VIEs are restricted and may only be used for payment to the noncontrolling interest ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 446.05 Td (holders. ) Tj ET Q q 0 0 0 rg BT 91.77 446.05 Td (These assets are reported on our consolidated financial statements. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 432.25 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 418.45 Td (APS is exposed to losses relating to these ) Tj ET Q q 0 0 0 rg BT 278.87 418.45 Td (VIEs upon the occurrence of certain events that ) Tj ET Q q 0 0 0 rg BT 499.84 418.45 Td (APS does not ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 404.65 Td (consider reasonably likely to occur) Tj ET Q q 0 0 0 rg BT 209.81 404.65 Td (. Under certain circumstances \(for example, the NRC issuing specified ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 390.85 Td (violation orders with respect to Palo ) Tj ET Q q 0 0 0 rg BT 218.57 390.85 Td (V) Tj ET Q q 0 0 0 rg BT 225.60 390.85 Td (erde or the occurrence of specified nuclear events\), ) Tj ET Q q 0 0 0 rg BT 462.83 390.85 Td (APS would be ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 377.05 Td (required to make specified payments to the ) Tj ET Q q 0 0 0 rg BT 250.16 377.05 Td (VIEs) Tj ET Q q 0 0 0 rg BT 276.77 377.05 Td ( noncontrolling equity participants and take title to the leased ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 363.25 Td (Unit 2 interests, which, if appropriate, may be required to be written down in value. If such an event were to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 349.45 Td (occur during the lease periods, ) Tj ET Q q 0 0 0 rg BT 192.57 349.45 Td (APS may be required to pay the noncontrolling equity participants ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 335.65 Td (approximately ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 118.80 335.65 Td ($293 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 177.90 335.65 Td ( beginning in 2018, and up to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 315.89 335.65 Td ($456 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 374.99 335.65 Td ( over the lease extension term.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 321.85 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 308.05 Td (For regulatory ratemaking purposes, the agreements continue to be treated as operating leases and, as a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 294.25 Td (result, we have recorded a regulatory asset relating to the arrangements.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 280.45 Td () Tj ET Q endstream endobj 351 0 obj <>] /Rotate 0 /Contents 352 0 R>> endobj 352 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (171) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (19) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 61.00 721.25 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 721.25 Td (Investments) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 144.92 721.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.65 Td (W) Tj ET Q q 0 0 0 rg BT 95.43 693.65 Td (e have investments in debt and equity securities held in Nuclear Decommissioning ) Tj ET Q q 0 0 0 rg BT 477.84 693.65 Td (T) Tj ET Q q 0 0 0 rg BT 484.46 693.65 Td (rusts and Coal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (Reclamation Escrow ) Tj ET Q q 0 0 0 rg BT 147.23 679.85 Td (Accounts. ) Tj ET Q q 0 0 0 rg BT 196.20 679.85 Td (These investments are classified as available for sale securities, and as a result ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (we record the investments at their fair value on our Consolidated Balance Sheets. See Note 13 for a discussion ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (of how fair value is determined and the classification of the investments within the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 522.02 652.25 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.45 Td (Because of the ability of ) Tj ET Q q 0 0 0 rg BT 164.15 638.45 Td (APS to recover decommissioning and coal reclamation costs in rates, and in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.65 Td (accordance with the regulatory treatment, ) Tj ET Q q 0 0 0 rg BT 243.00 624.65 Td (APS has deferred realized and unrealized gains and losses \(including ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.85 Td (other) Tj ET Q q 0 0 0 rg BT 72.90 610.85 Td (-than-temporary impairments on investment securities\) in other regulatory liabilities. ) Tj ET Q q 0 0 0 rg BT 465.51 610.85 Td (The costs of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 597.05 Td (securities sold are determined on the basis of specific identification. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 569.45 Td (Nuclear) Tj ET Q q 0 0 0 rg BT 124.25 569.45 Td ( Decommissioning ) Tj ET Q q 0 0 0 rg BT 216.05 569.45 Td (T) Tj ET Q q 0 0 0 rg BT 222.86 569.45 Td (rusts) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 541.85 Td (T) Tj ET Q q 0 0 0 rg BT 91.72 541.85 Td (o fund the costs ) Tj ET Q q 0 0 0 rg BT 166.47 541.85 Td (APS expects to incur to decommission Palo ) Tj ET Q q 0 0 0 rg BT 370.37 541.85 Td (V) Tj ET Q q 0 0 0 rg BT 377.40 541.85 Td (erde, ) Tj ET Q q 0 0 0 rg BT 402.31 541.85 Td (APS established external ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 528.05 Td (decommissioning trusts in accordance with NRC regulations. ) Tj ET Q q 0 0 0 rg BT 337.07 528.05 Td (Third-party investment managers are authorized ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (to buy and sell securities per stated investment guidelines. ) Tj ET Q q 0 0 0 rg BT 322.36 514.25 Td (The trust funds are invested in fixed income ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.45 Td (securities and equity securities. ) Tj ET Q q 0 0 0 rg BT 198.75 500.45 Td (The following table includes the unrealized gains and losses based on the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.65 Td (original cost of the investment and summarizes the fair value of ) Tj ET Q q 0 0 0 rg BT 344.91 486.65 Td (APS) Tj ET Q q 0 0 0 rg BT 369.20 486.65 Td (s nuclear decommissioning trust fund ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.85 Td (assets at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 90.38 472.85 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 180.75 472.85 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 203.11 472.85 Td (December 31, 2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 293.48 472.85 Td ( \(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 459.05 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 394.55 153.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 366.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 366.55 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.00 366.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 366.55 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 366.55 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 366.55 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 366.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 366.55 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 366.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 366.55 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 338.55 153.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.00 338.55 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 338.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.00 338.55 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.00 338.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 338.55 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 338.55 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 338.55 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 338.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 338.55 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 338.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 338.55 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203 422.55 m 260 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 422.55 m 264 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 422.55 m 319 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 422.55 m 323 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 422.55 m 379 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 422.55 m 442 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 422.55 m 446 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 422.55 m 501 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 422.55 m 505 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 422.55 m 563 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203 422.55 m 260 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203 394.55 m 260 394.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 422.55 m 264 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 394.55 m 264 394.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 422.55 m 319 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 394.55 m 319 394.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 422.55 m 323 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 394.55 m 323 394.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 422.55 m 379 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 394.55 m 379 394.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 422.55 m 442 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 394.55 m 442 394.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 422.55 m 446 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 394.55 m 446 394.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 422.55 m 501 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 394.55 m 501 394.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 422.55 m 505 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 394.55 m 505 394.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 422.55 m 563 422.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 394.55 m 563 394.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203 338.55 m 260 338.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203 325.55 m 260 325.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203 323.55 m 260 323.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 338.55 m 319 338.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 325.55 m 319 325.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264 323.55 m 319 323.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 338.55 m 379 338.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 325.55 m 379 325.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 323.55 m 379 323.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 338.55 m 442 338.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 325.55 m 442 325.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 323.55 m 442 323.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 338.55 m 446 338.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 325.55 m 446 325.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 323.55 m 446 323.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 338.55 m 501 338.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 325.55 m 501 325.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 323.55 m 501 323.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 338.55 m 505 338.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 325.55 m 505 325.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 323.55 m 505 323.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 338.55 m 563 338.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 325.55 m 563 325.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 323.55 m 563 323.55 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.25 426.78 Td (December) Tj ET Q q 0 0 0 rg BT 292.82 426.78 Td ( 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.75 426.78 Td (December) Tj ET Q q 0 0 0 rg BT 476.32 426.78 Td ( 31, 2016) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 397.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.15 398.78 Td (Fair) Tj ET Q q 0 0 0 rg BT 227.74 398.78 Td () Tj ET Q q 0 0 0 rg BT 229.59 398.78 Td (V) Tj ET Q q 0 0 0 rg BT 234.93 398.78 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.25 414.63 Td (T) Tj ET Q q 0 0 0 rg BT 286.85 414.63 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.40 406.63 Td (Unr) Tj ET Q q 0 0 0 rg BT 286.03 406.63 Td (ealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.95 398.63 Td (Gains) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.75 414.63 Td (T) Tj ET Q q 0 0 0 rg BT 346.35 414.63 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.90 406.63 Td (Unr) Tj ET Q q 0 0 0 rg BT 345.53 406.63 Td (ealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.35 398.63 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.65 398.78 Td (Fair) Tj ET Q q 0 0 0 rg BT 410.17 398.78 Td () Tj ET Q q 0 0 0 rg BT 412.02 398.78 Td (V) Tj ET Q q 0 0 0 rg BT 417.06 398.78 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.25 414.63 Td (T) Tj ET Q q 0 0 0 rg BT 468.85 414.63 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.40 406.63 Td (Unr) Tj ET Q q 0 0 0 rg BT 468.03 406.63 Td (ealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.95 398.63 Td (Gains) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.75 414.63 Td (T) Tj ET Q q 0 0 0 rg BT 529.35 414.63 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.90 406.63 Td (Unr) Tj ET Q q 0 0 0 rg BT 528.53 406.63 Td (ealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.35 398.63 Td (Losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 385.12 Td (Equity securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.50 385.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.65 385.12 Td (417,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.50 385.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 385.12 Td (248,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.50 385.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 385.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.50 385.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 385.12 Td (353,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 385.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 385.12 Td (188,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 385.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 385.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 371.12 Td (Fixed income securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.65 371.12 Td (446,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 371.12 Td (1) Tj ET Q q 0 0 0 rg BT 292.65 371.12 Td (1,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.30 371.17 Td (\(2,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 371.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 371.12 Td (425,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 371.12 Td (9,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 371.17 Td (\(4,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 371.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 357.12 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.65 357.12 Td (7,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.15 357.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 357.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 357.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 357.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 357.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 343.12 Td (Net receivables \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 343.12 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.15 343.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 343.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 343.12 Td (795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 343.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 343.12 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 329.12 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 329.12 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.50 329.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.65 329.12 Td (871,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.50 329.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 329.12 Td (260,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.50 329.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.30 329.17 Td (\(2,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 329.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.50 329.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 329.12 Td (779,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 329.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 329.12 Td (197,91) Tj ET Q q 0 0 0 rg BT 492.15 329.12 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 329.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 329.17 Td (\(4,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 329.12 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 305.25 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 305.25 Td (Net receivables/\(payables\) relate to pending purchases and sales of securities.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 291.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 277.65 Td (The following table sets forth approximate gains and losses and proceeds from the sale of securities by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 263.85 Td (the nuclear decommissioning trust funds \(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 250.05 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 203.55 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.00 203.55 93.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 203.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 203.55 93.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 203.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 203.55 93.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 175.55 226.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.00 175.55 93.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 175.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 175.55 93.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 175.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 175.55 93.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 227.54999999999995 m 369 227.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 227.54999999999995 m 373 227.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 227.54999999999995 m 466 227.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 227.54999999999995 m 470 227.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 227.54999999999995 m 563 227.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 215.54999999999995 m 369 215.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 215.54999999999995 m 373 215.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 215.54999999999995 m 466 215.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 215.54999999999995 m 470 215.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 215.54999999999995 m 563 215.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 215.54999999999995 m 369 215.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 203.54999999999995 m 369 203.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 215.54999999999995 m 373 215.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 215.54999999999995 m 466 215.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 203.54999999999995 m 466 203.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 215.54999999999995 m 470 215.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 215.54999999999995 m 563 215.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 203.54999999999995 m 563 203.54999999999995 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.50 231.63 Td (Nuclear) Tj ET Q q 0 0 0 rg BT 401.46 231.63 Td ( Decommissioning) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 218.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.70 219.63 Td (Y) Tj ET Q q 0 0 0 rg BT 380.03 219.63 Td (ear) Tj ET Q q 0 0 0 rg BT 390.62 219.63 Td (EndedDecember) Tj ET Q q 0 0 0 rg BT 451.35 219.63 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 206.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 207.63 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.00 207.63 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.00 207.63 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 194.12 Td (Realized gains) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.50 194.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 194.12 Td (21,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.50 194.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 194.12 Td (1) Tj ET Q q 0 0 0 rg BT 439.65 194.12 Td (1,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 194.12 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 194.12 Td (5,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 180.12 Td (Realized losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.30 180.17 Td (\(13,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 180.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.30 180.17 Td (\(10,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 180.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 180.17 Td (\(6,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 180.12 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 166.12 Td (Proceeds from the sale of securities \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.65 166.12 Td (542,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 166.12 Td (633,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 166.12 Td (478,813) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 142.25 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 142.25 Td (Proceeds are reinvested in the trust/account.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 114.65 Td ( ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 114.65 Td (Coal Reclamation Escr) Tj ET Q q 0 0 0 rg BT 198.36 114.65 Td (ow ) Tj ET Q q 0 0 0 rg BT 214.65 114.65 Td (Accounts) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 49.50 85.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 85.85 Td (APS has investments restricted for coal mine reclamation funding related to Four Corners. ) Tj ET Q q 0 0 0 rg BT 503.25 85.85 Td (As of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 72.05 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 139.87 72.05 Td (, ) Tj ET Q q 0 0 0 rg BT 144.99 72.05 Td (APS) Tj ET Q q 0 0 0 rg BT 169.28 72.05 Td (s coal reclamation escrow accounts are invested in fixed income securities with a fair ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 58.25 Td (value of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 89.73 58.25 Td ($30 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 143.09 58.25 Td (. ) Tj ET Q q 0 0 0 rg BT 148.63 58.25 Td (The realized and unrealized gains and losses relating to these fixed income securities was ) Tj ET Q endstream endobj 353 0 obj <>] /Rotate 0 /Contents 354 0 R>> endobj 354 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (172) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 721.05 Td (immaterial for the twelve months ended ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 236.00 721.05 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 326.38 721.05 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 348.73 721.05 Td (December31, 2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 439.10 721.05 Td (. ) Tj ET Q q 0 0 0 rg BT 444.65 721.05 Td (The proceeds from the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.25 Td (sale of securities for the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 162.22 707.25 Td (twelve months ended) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 259.95 707.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 262.83 707.25 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 353.20 707.25 Td ( was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 376.84 707.25 Td ($4 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 424.44 707.25 Td (. ) Tj ET Q q 0 0 0 rg BT 429.98 707.25 Td (There were ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 484.89 707.25 Td (no) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 496.39 707.25 Td ( proceeds ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.45 Td (from the sale of securities for the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 204.38 693.45 Td (twelve months ended) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 302.11 693.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 304.98 693.45 Td (December31, 2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 395.36 693.45 Td (. ) Tj ET Q q 0 0 0 rg BT 400.90 693.45 Td (The proceeds are reinvested in the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.65 Td (escrow accounts. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 660.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 660.85 Td (4CA) Tj ET Q q 0 0 0 rg BT 106.59 660.85 Td ( also has investments restricted for coal mine reclamation funding relating to Four Corners ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 647.05 Td (invested in fixed income securities. ) Tj ET Q q 0 0 0 rg BT 214.72 647.05 Td (The 4CA) Tj ET Q q 0 0 0 rg BT 256.57 647.05 Td ( fixed income investments have a fair value of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 472.12 647.05 Td ($2 million) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 519.72 647.05 Td ( as of ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 633.25 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 139.87 633.25 Td (. ) Tj ET Q q 0 0 0 rg BT 145.42 633.25 Td (The realized and unrealized gains and losses relating to these fixed income securities was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 619.45 Td (immaterial for the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 135.40 619.45 Td (twelve months ended) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 233.13 619.45 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 236.00 619.45 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 326.38 619.45 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 348.73 619.45 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 371.73 619.45 Td (. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 600.65 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 586.85 Td ( ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 586.85 Td (Fixed Income Securities Contractual Maturities) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 559.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 559.25 Td (The fair value of fixed income securities, summarized by contractual maturities, at ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 468.06 559.25 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 558.43 559.25 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 545.45 Td (is as follows \(dollars in thousands\):) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 531.65 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 500.15 208.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 500.15 96.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 500.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 500.15 96.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 500.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 500.15 96.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 472.15 208.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 472.15 96.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 472.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 472.15 96.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 472.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 472.15 96.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 444.15 208.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 444.15 96.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 444.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 444.15 96.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 444.15 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 444.15 96.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 500.15 m 354 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 500.15 m 358 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 500.15 m 454 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 500.15 m 458 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 500.15 m 554 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 500.15 m 354 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 500.15 m 358 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 500.15 m 454 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 500.15 m 458 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 500.15 m 554 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 444.15 m 354 444.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 444.15 m 358 444.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 444.15 m 454 444.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 444.15 m 458 444.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 444.15 m 554 444.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 444.15 m 354 444.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 431.15 m 354 431.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 429.15 m 354 429.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 444.15 m 358 444.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 431.15 m 358 431.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 429.15 m 358 429.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 444.15 m 454 444.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 431.15 m 454 431.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 429.15 m 454 429.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 444.15 m 458 444.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 431.15 m 458 431.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 429.15 m 458 429.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 444.15 m 554 444.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 431.15 m 554 431.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 429.15 m 554 429.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.00 512.38 Td (Nuclear) Tj ET Q q 0 0 0 rg BT 288.03 512.38 Td ( Decommissioning) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.65 504.38 Td (T) Tj ET Q q 0 0 0 rg BT 299.69 504.38 Td (rusts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.35 504.38 Td (Escr) Tj ET Q q 0 0 0 rg BT 391.83 504.38 Td (ow ) Tj ET Q q 0 0 0 rg BT 403.31 504.38 Td (Accounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.75 504.38 Td (T) Tj ET Q q 0 0 0 rg BT 501.35 504.38 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 490.72 Td (Less than one year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 490.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 490.72 Td (24,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.50 490.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 490.72 Td (455) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 490.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 490.72 Td (25,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 476.72 Td (1 year 5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 476.72 Td (100,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 476.72 Td (2,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 476.72 Td (102,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 462.72 Td (5 years 10 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 462.72 Td (129,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 462.72 Td (8,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 462.72 Td (137,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 448.72 Td (Greater than 10 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 448.72 Td (192,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 448.72 Td (20,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 448.72 Td (212,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 434.72 Td (T) Tj ET Q q 0 0 0 rg BT 57.91 434.72 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 434.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 434.72 Td (446,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.50 434.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 434.72 Td (32,017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 434.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 434.72 Td (478,294) Tj ET Q BT /F1 11.50 Tf ET BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 389.25 Td (20) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 61.00 389.25 Td (. ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 389.25 Td (Changes in ) Tj ET Q q 0 0 0 rg BT 142.38 389.25 Td (Accumulated Other) Tj ET Q q 0 0 0 rg BT 239.59 389.25 Td ( Compr) Tj ET Q q 0 0 0 rg BT 277.39 389.25 Td (ehensive Loss) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 344.17 389.25 Td ( ) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 375.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 361.65 Td (The following table shows the changes in Pinnacle ) Tj ET Q q 0 0 0 rg BT 321.63 361.65 Td (W) Tj ET Q q 0 0 0 rg BT 331.57 361.65 Td (est's consolidated accumulated other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 347.85 Td (comprehensive loss, including reclassification adjustments, net of tax, by component for the years ended ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.05 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 139.87 334.05 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 162.23 334.05 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 185.23 334.05 Td ( \(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 272.55 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 272.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 272.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 272.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 272.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 272.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 272.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 272.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 272.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 272.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 242.55 240.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 242.55 73.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 242.55 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 242.55 19.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 242.55 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 242.55 73.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 242.55 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 242.55 19.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 242.55 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 242.55 73.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 202.55 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 202.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 202.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 202.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 202.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 202.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 202.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 202.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 202.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 202.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 162.55 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 162.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 162.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 162.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 162.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 162.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 162.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 162.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 162.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 162.55 73.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 272.54999999999995 m 362 272.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 272.54999999999995 m 462 272.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 272.54999999999995 m 562 272.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 272.54999999999995 m 362 272.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 257.54999999999995 m 362 257.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 272.54999999999995 m 462 272.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 257.54999999999995 m 462 257.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 272.54999999999995 m 562 272.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 257.54999999999995 m 562 257.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 217.54999999999995 m 462 217.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 217.54999999999995 m 362 217.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 202.54999999999995 m 362 202.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 217.54999999999995 m 462 217.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 202.54999999999995 m 462 202.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 217.54999999999995 m 562 217.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 202.54999999999995 m 562 202.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 162.54999999999995 m 362 162.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 148.54999999999995 m 362 148.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 146.54999999999995 m 362 146.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 162.54999999999995 m 462 162.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 148.54999999999995 m 462 148.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 146.54999999999995 m 462 146.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 162.54999999999995 m 562 162.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 148.54999999999995 m 562 148.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 146.54999999999995 m 562 146.54999999999995 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.75 307.23 Td ( Pension and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.30 297.23 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.25 287.23 Td (Postr) Tj ET Q q 0 0 0 rg BT 315.93 287.23 Td (etir) Tj ET Q q 0 0 0 rg BT 330.73 287.23 Td (ement) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.75 277.23 Td (Benefits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.50 287.23 Td ( Derivative) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.85 277.23 Td (Instruments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.05 277.23 Td (T) Tj ET Q q 0 0 0 rg BT 519.80 277.23 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 262.23 Td (Balance December) Tj ET Q q 0 0 0 rg BT 131.01 262.23 Td ( 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.50 262.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.30 262.27 Td (\(37,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 262.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 262.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.30 262.27 Td (\(7,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 262.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.50 262.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 262.27 Td (\(44,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 262.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 247.22 Td (OCI \(loss\) before reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.30 247.27 Td (\(4,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 247.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.80 247.27 Td (\(538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 247.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 247.27 Td (\(5,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 247.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 232.22 Td (Amounts reclassified from accumulated other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 222.22 Td (comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 222.22 Td (3,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.40 222.22 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 222.22 Td (2,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 222.22 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 222.22 Td (5,973) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 207.23 Td (Balance December) Tj ET Q q 0 0 0 rg BT 131.01 207.23 Td ( 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.30 207.27 Td (\(39,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 207.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.30 207.27 Td (\(4,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 207.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 207.27 Td (\(43,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 207.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 192.22 Td (OCI \(loss\) before reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.30 192.27 Td (\(6,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 192.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 192.27 Td (\(35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 192.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 192.27 Td (\(6,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 192.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 177.22 Td (Amounts reclassified from accumulated other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 167.22 Td (comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 167.22 Td (3,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 167.22 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 167.22 Td (2,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 167.22 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 167.22 Td (5,293) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 152.23 Td (Balance December) Tj ET Q q 0 0 0 rg BT 131.01 152.23 Td ( 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.50 152.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.30 152.27 Td (\(42,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 152.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 152.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.30 152.27 Td (\(2,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 152.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.50 152.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 152.27 Td (\(45,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 152.22 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.50 128.85 Td (\(a\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 128.85 Td (These amounts primarily represent amortization of actuarial loss, and are included in the computation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 115.65 Td (of net periodic pension cost. See Note 7.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.50 102.45 Td (\(b\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 102.45 Td (These amounts represent realized gains and losses and are included in the computation of fuel and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 89.25 Td (purchased power costs and are subject to the PSA. See Note 16.) Tj ET Q endstream endobj 355 0 obj <>] /Rotate 0 /Contents 356 0 R>> endobj 356 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.50 Tf ET q 0 0 0 rg BT 122.00 746.40 Td (COMBINED NOTES ) Tj ET Q q 0 0 0 rg BT 231.06 746.40 Td (T) Tj ET Q q 0 0 0 rg BT 238.52 746.40 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 319.14 746.40 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 410.20 746.40 Td ( ST) Tj ET Q q 0 0 0 rg BT 426.29 746.40 Td (A) Tj ET Q q 0 0 0 rg BT 433.74 746.40 Td (TEMENTS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (173) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 721.25 Td (Changes in ) Tj ET Q q 0 0 0 rg BT 106.38 721.25 Td (Accumulated Other) Tj ET Q q 0 0 0 rg BT 203.59 721.25 Td ( Compr) Tj ET Q q 0 0 0 rg BT 241.39 721.25 Td (ehensive Loss - ) Tj ET Q q 0 0 0 rg BT 317.11 721.25 Td (APS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 707.45 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.65 Td (The following table shows the changes in ) Tj ET Q q 0 0 0 rg BT 278.73 693.65 Td (APS's accumulated other comprehensive loss, including ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.85 Td (reclassification adjustments, net of tax, by component for the years ended ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 390.89 679.85 Td (December31, 2017) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 481.26 679.85 Td ( and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 503.61 679.85 Td (2016) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 526.61 679.85 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 666.05 Td (\(dollars in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 600.55 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 600.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 600.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 600.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 600.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 600.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 600.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 600.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 600.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 600.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 570.55 240.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 570.55 73.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 570.55 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 570.55 19.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 570.55 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 570.55 73.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 570.55 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 570.55 19.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 570.55 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 570.55 73.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 530.55 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 530.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 530.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 530.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 530.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 530.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 530.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 530.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 530.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 530.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 490.55 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 490.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 490.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 490.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 490.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 490.55 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 490.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 490.55 19.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 490.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 490.55 73.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 600.55 m 362 600.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 600.55 m 462 600.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 600.55 m 562 600.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 600.55 m 362 600.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 585.55 m 362 585.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 600.55 m 462 600.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 585.55 m 462 585.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 600.55 m 562 600.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 585.55 m 562 585.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 545.55 m 462 545.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 545.55 m 362 545.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 530.55 m 362 530.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 545.55 m 462 545.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 530.55 m 462 530.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 545.55 m 562 545.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 530.55 m 562 530.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 490.55 m 362 490.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 476.55 m 362 476.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 474.55 m 362 474.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 490.55 m 462 490.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 476.55 m 462 476.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 474.55 m 462 474.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 490.55 m 562 490.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 476.55 m 562 476.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 474.55 m 562 474.55 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.75 635.23 Td ( Pension and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.30 625.23 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.25 615.23 Td (Postr) Tj ET Q q 0 0 0 rg BT 315.93 615.23 Td (etir) Tj ET Q q 0 0 0 rg BT 330.73 615.23 Td (ement) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.75 605.23 Td (Benefits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.50 615.23 Td ( Derivative) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.85 605.23 Td (Instruments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.05 605.23 Td (T) Tj ET Q q 0 0 0 rg BT 519.80 605.23 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 590.23 Td (Balance December) Tj ET Q q 0 0 0 rg BT 131.01 590.23 Td ( 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.50 590.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.30 590.27 Td (\(19,942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 590.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 590.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.30 590.27 Td (\(7,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 590.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.50 590.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 590.27 Td (\(27,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 590.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 575.22 Td (OCI \(loss\) before reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.30 575.27 Td (\(3,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 575.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.80 575.27 Td (\(538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 575.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 575.27 Td (\(4,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 575.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 560.22 Td (Amounts reclassified from accumulated other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 550.22 Td (comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 550.22 Td (3,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.40 550.22 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 550.22 Td (2,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 550.22 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 550.22 Td (6,033) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 535.23 Td (Balance December) Tj ET Q q 0 0 0 rg BT 131.01 535.23 Td ( 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.30 535.27 Td (\(20,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 535.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.30 535.27 Td (\(4,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 535.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 535.27 Td (\(25,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 535.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 520.22 Td (OCI \(loss\) before reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.30 520.27 Td (\(6,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 520.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 520.27 Td (\(35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 520.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 520.27 Td (\(6,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 520.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 505.22 Td (Amounts reclassified from accumulated other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 495.22 Td (comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 495.22 Td (3,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.40 495.22 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 495.22 Td (2,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 495.22 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 495.22 Td (5,359) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 480.23 Td (Balance December) Tj ET Q q 0 0 0 rg BT 131.01 480.23 Td ( 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.50 480.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.30 480.27 Td (\(24,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 480.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 480.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.30 480.27 Td (\(2,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 480.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.50 480.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 480.27 Td (\(26,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 480.22 Td (\)) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.50 456.85 Td (\(a\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 456.85 Td (These amounts primarily represent amortization of actuarial loss, and are included in the computation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 443.65 Td (of net periodic pension cost. See Note 7.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.50 430.45 Td (\(b\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 430.45 Td (These amounts represent realized gains and losses and are included in the computation of fuel and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.50 417.25 Td (purchased power costs and are subject to the PSA. See Note 16.) Tj ET Q endstream endobj 357 0 obj <>] /Rotate 0 /Contents 358 0 R>> endobj 358 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (174) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 126.70 720.95 Td (PINNACLE ) Tj ET Q q 0 0 0 rg BT 189.43 720.95 Td (WEST) Tj ET Q q 0 0 0 rg BT 222.46 720.95 Td ( CAPIT) Tj ET Q q 0 0 0 rg BT 260.26 720.95 Td (AL) Tj ET Q q 0 0 0 rg BT 275.60 720.95 Td ( CORPORA) Tj ET Q q 0 0 0 rg BT 335.76 720.95 Td (TION HOLDING COMP) Tj ET Q q 0 0 0 rg BT 460.78 720.95 Td (ANY) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 99.85 707.15 Td (SCHEDULE I CONDENSED FINANCIAL) Tj ET Q q 0 0 0 rg BT 327.34 707.15 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 385.58 707.15 Td (TION OF) Tj ET Q q 0 0 0 rg BT 433.39 707.15 Td ( REGISTRANT) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 142.20 693.35 Td (CONDENSED ST) Tj ET Q q 0 0 0 rg BT 230.50 693.35 Td (A) Tj ET Q q 0 0 0 rg BT 237.95 693.35 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 312.60 693.35 Td ( COMPREHENSIVE INCOME) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 256.15 679.55 Td (\(dollars in thousands\)) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 665.75 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 631.25 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 631.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 631.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 631.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 631.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 631.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 603.25 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 603.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 603.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 603.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 603.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 603.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 575.25 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 575.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 575.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 575.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 575.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 575.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 547.25 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 547.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 547.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 547.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 547.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 547.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 519.25 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 519.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 519.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 519.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 519.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 519.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 491.25 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 491.25 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 491.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 491.25 65.00 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10.00 Tf ET q 0 0 0 rg BT 525.65 453.82 Td (460,650) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 435.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 56.50 422.15 Td (See Combined Notes to Consolidated Financial Statements.) 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170.04999999999995 m 562 170.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 156.04999999999995 m 493 156.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 156.04999999999995 m 562 156.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 156.04999999999995 m 493 156.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 143.04999999999995 m 493 143.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 141.04999999999995 m 493 141.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 156.04999999999995 m 562 156.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 143.04999999999995 m 562 143.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 141.04999999999995 m 562 141.04999999999995 l s BT /F2 1.00 Tf ET q 0 0 0 rg BT 51.50 659.77 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.25 661.13 Td (December) Tj ET Q q 0 0 0 rg BT 505.82 661.13 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 51.50 647.77 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 649.13 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 649.13 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 635.62 Td (ASSETS) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 489.50 633.77 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 558.50 633.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 621.62 Td (Current assets) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 619.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 619.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 607.62 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 607.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 607.62 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 607.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 607.62 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 593.62 Td (Accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 593.62 Td (93,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 593.62 Td (81,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 579.62 Td (Income tax receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 579.62 Td (19,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 579.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 565.62 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 565.62 Td (267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 565.62 Td (340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 551.62 Td (T) Tj ET Q q 0 0 0 rg BT 75.26 551.62 Td (otal current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 551.62 Td (1) Tj ET Q q 0 0 0 rg BT 461.65 551.62 Td (12,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 551.62 Td (82,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 537.62 Td (Investments and other assets) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 535.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 535.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 523.62 Td (Investments in subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 523.62 Td (5,465,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 523.62 Td (5,084,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 509.62 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 509.62 Td (54,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 509.62 Td (53,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 495.62 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 495.62 Td (44,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 495.62 Td (38,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 481.62 Td (T) Tj ET Q q 0 0 0 rg BT 75.26 481.62 Td (otal investments and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 481.62 Td (5,564,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 481.62 Td (5,176,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 467.62 Td (T) Tj ET Q q 0 0 0 rg BT 57.26 467.62 Td (otal ) Tj ET Q q 0 0 0 rg BT 74.13 467.62 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 467.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 467.62 Td (5,677,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 467.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 467.62 Td (5,258,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 453.62 Td (LIABILITIES ) Tj ET Q q 0 0 0 rg BT 110.93 453.62 Td (AND EQUITY) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 451.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 451.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 439.62 Td (Current liabilities) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 437.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 437.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 425.62 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 425.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 425.62 Td (7,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 425.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 425.62 Td (5,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 411.62 Td (Accrued taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 411.62 Td (8,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 411.62 Td (12,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 397.62 Td (Common dividends payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 397.62 Td (77,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 397.62 Td (72,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 383.62 Td (Short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 383.62 Td (95,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 383.62 Td (41,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 369.62 Td (Current maturities of long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 369.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 369.62 Td (125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 355.62 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 355.62 Td (17,417) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 355.62 Td (31,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 341.62 Td (T) Tj ET Q q 0 0 0 rg BT 75.26 341.62 Td (otal current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 341.62 Td (207,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 341.62 Td (288,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 313.62 Td (Long-term debt less current maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 313.62 Td (298,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 313.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 285.62 Td (Pension liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 285.62 Td (20,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 285.62 Td (21,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 271.62 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 271.62 Td (15,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 271.62 Td (13,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 258.62 Td (T) Tj ET Q q 0 0 0 rg BT 74.91 258.62 Td (otal deferred credits and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 258.62 Td (35,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 258.62 Td (34,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 244.62 Td (Common stock equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 230.62 Td (Common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 230.62 Td (2,609,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 230.62 Td (2,591,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 216.62 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 216.67 Td (\(45,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 216.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 216.67 Td (\(43,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 216.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 202.62 Td (Retained earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 202.62 Td (2,442,51) Tj ET Q q 0 0 0 rg BT 484.15 202.62 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 202.62 Td (2,255,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 188.62 Td (T) Tj ET Q q 0 0 0 rg BT 57.26 188.62 Td (otal Pinnacle ) Tj ET Q q 0 0 0 rg BT 111.25 188.62 Td (W) Tj ET Q q 0 0 0 rg BT 120.20 188.62 Td (est Shareholders) Tj ET Q q 0 0 0 rg BT 188.57 188.62 Td ( equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 188.62 Td (5,006,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 188.62 Td (4,803,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 174.62 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 174.62 Td (129,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 174.62 Td (132,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 160.62 Td (T) Tj ET Q q 0 0 0 rg BT 62.91 160.62 Td (otal Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 160.62 Td (5,135,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 160.62 Td (4,935,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 146.62 Td (T) Tj ET Q q 0 0 0 rg BT 56.91 146.62 Td (otal Liabilities and Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 146.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 146.62 Td (5,677,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 146.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 146.62 Td (5,258,472) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 128.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 56.50 114.95 Td (See Combined Notes to Consolidated Financial Statements.) 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rg BT 491.85 674.93 Td (31,) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.00 661.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 662.93 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 662.93 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 662.93 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 649.42 Td (Cash flows from operating activities) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.00 647.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.00 647.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.00 647.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 635.42 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 635.42 Td (488,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 635.42 Td (442,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 635.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 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BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 583.42 Td (92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 569.42 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.30 569.47 Td (\(264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 569.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 569.47 Td (\(12,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 569.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 569.42 Td (12,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 555.42 Td (Accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 555.47 Td (\(2,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 555.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 555.42 Td (15,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 555.42 Td (1) Tj ET Q q 0 0 0 rg BT 535.15 555.42 Td (1,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 541.42 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 541.47 Td (\(1) Tj ET Q q 0 0 0 rg BT 397.13 541.47 Td (1,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 541.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 541.42 Td (10,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 541.42 Td (637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 527.42 Td (Accrued taxes and income tax receivables net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 527.47 Td (\(22,247) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 527.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 527.42 Td (20,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 527.47 Td (\(12,882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 527.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 513.42 Td (Dividends received from subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 513.42 Td (296,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 513.42 Td (239,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 513.42 Td (266,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 499.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 499.42 Td (15,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 499.42 Td (5,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 499.47 Td (\(6,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 499.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 485.42 Td (Net cash flow provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 485.42 Td (257,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 485.42 Td (258,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 485.42 Td (262,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 471.42 Td (Cash flows from investing activities) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.00 469.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.00 469.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.00 469.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 457.42 Td (Construction work in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 457.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 457.47 Td (\(18,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 457.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 457.47 Td (\(3,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 457.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 443.42 Td (Investments in subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 443.47 Td (\(178,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 443.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 443.47 Td (\(19,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 443.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 443.47 Td (\(3,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 443.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 429.42 Td (Repayments of loans from subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 429.42 Td (2,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 429.42 Td (1,026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 429.42 Td (157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 415.42 Td (Advances of loans to subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 415.47 Td (\(6,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 415.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 415.47 Td (\(2,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 415.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 415.47 Td (\(1,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 415.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 401.42 Td (Net cash flow used for investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 401.47 Td (\(181,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 401.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 401.47 Td (\(38,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 401.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 401.47 Td (\(7,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 401.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 387.42 Td (Cash flows from financing activities) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.00 385.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.00 385.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.00 385.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 373.42 Td (Issuance of long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 373.42 Td (298,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 373.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 373.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 359.42 Td (Short-term debt borrowings under revolving credit facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 359.42 Td (58,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 359.42 Td (40,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 359.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 345.42 Td (Short-term debt repayments under revolving credit facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 345.47 Td (\(32,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 345.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 345.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 345.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 331.42 Td (Commercial paper - net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 331.42 Td (27,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 331.42 Td (1,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 331.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 317.42 Td (Dividends paid on common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 317.47 Td (\(289,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 317.47 Td (\(274,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 317.47 Td (\(260,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 303.42 Td (Repayment of long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 303.47 Td (\(125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 303.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 303.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 303.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 289.42 Td (Common stock equity issuance - net of purchases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 289.47 Td (\(13,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 289.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 289.47 Td (\(4,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 289.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 289.42 Td (19,373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 275.42 Td (Net cash flow used for financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 275.47 Td (\(75,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 275.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 275.47 Td (\(237,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 275.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 275.47 Td (\(240,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 275.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 261.42 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 261.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 261.47 Td (\(17,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 261.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 261.42 Td (14,344) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 247.42 Td (Cash and cash equivalents at beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 247.42 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 247.42 Td (17,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 247.42 Td (3,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 233.42 Td (Cash and cash equivalents at end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 233.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 233.42 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 233.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 233.42 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 233.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 233.42 Td (17,432) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 215.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 215.55 Td (See Combined Notes to Consolidated Financial Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.10 189.75 Td (PINNACLE ) Tj ET Q q 0 0 0 rg BT 204.65 189.75 Td (WEST) Tj ET Q q 0 0 0 rg BT 233.37 189.75 Td ( CAPIT) Tj ET Q q 0 0 0 rg BT 266.24 189.75 Td (AL) Tj ET Q q 0 0 0 rg BT 279.58 189.75 Td ( CORPORA) Tj ET Q q 0 0 0 rg BT 331.89 189.75 Td (TION HOLDING COMP) Tj ET Q q 0 0 0 rg BT 440.59 189.75 Td (ANY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.50 177.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 192.72 177.75 Td (T) Tj ET Q q 0 0 0 rg BT 199.21 177.75 Td (O FINANCIAL) Tj ET Q q 0 0 0 rg BT 265.61 177.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 279.60 177.75 Td (A) Tj ET Q q 0 0 0 rg BT 286.08 177.75 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 350.99 177.75 Td ( HOLDING COMP) Tj ET Q q 0 0 0 rg BT 434.14 177.75 Td (ANY) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 150.15 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 150.15 Td (The Combined Notes to Consolidated Financial Statements in Part II, Item 8 should be read in ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 136.35 Td (conjunction with the Pinnacle ) Tj ET Q q 0 0 0 rg BT 189.18 136.35 Td (W) Tj ET Q q 0 0 0 rg BT 199.12 136.35 Td (est Capital Corporation Holding Company Financial Statements. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 56.50 108.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 108.75 Td (The Pinnacle ) Tj ET Q q 0 0 0 rg BT 148.52 108.75 Td (W) Tj ET Q q 0 0 0 rg BT 158.46 108.75 Td (est Capital Corporation Holding Company Financial Statements have been prepared to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 94.95 Td (present the financial position, results of operations and cash flows of Pinnacle ) Tj ET Q q 0 0 0 rg BT 410.50 94.95 Td (W) Tj ET Q q 0 0 0 rg BT 420.44 94.95 Td (est Capital Corporation on a ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 81.15 Td (stand-alone basis as a holding company) Tj ET Q q 0 0 0 rg BT 231.12 81.15 Td (. Investments in subsidiaries are accounted for using the equity ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 67.35 Td (method. ) Tj ET Q endstream endobj 363 0 obj <>] /Rotate 0 /Contents 364 0 R>> endobj 364 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (177) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 186.75 734.75 Td (PINNACLE ) Tj ET Q q 0 0 0 rg BT 249.48 734.75 Td (WEST) Tj ET Q q 0 0 0 rg BT 282.51 734.75 Td ( CAPIT) Tj ET Q q 0 0 0 rg BT 320.31 734.75 Td (AL) Tj ET Q q 0 0 0 rg BT 335.65 734.75 Td ( CORPORA) Tj ET Q q 0 0 0 rg BT 395.81 734.75 Td (TION) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 164.45 720.95 Td (SCHEDULE II RESER) Tj ET Q q 0 0 0 rg BT 294.74 720.95 Td (VE FOR UNCOLLECTIBLES) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 256.15 707.15 Td (\(dollars in thousands\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 630.85 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 630.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 630.85 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 630.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 630.85 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 630.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 630.85 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 630.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 630.85 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 630.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 630.85 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 602.85 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 602.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 602.85 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 602.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 602.85 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 602.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 602.85 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 602.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 602.85 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 602.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 602.85 58.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 670.85 m 254 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 670.85 m 316 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 670.85 m 377 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 670.85 m 381 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 670.85 m 439 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 670.85 m 501 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 670.85 m 563 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 658.85 m 377 658.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 658.85 m 381 658.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 658.85 m 439 658.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 630.85 m 254 630.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 630.85 m 316 630.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 630.85 m 377 630.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 630.85 m 439 630.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 630.85 m 501 630.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 630.85 m 563 630.85 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.25 674.93 Td (Column) Tj ET Q q 0 0 0 rg BT 163.59 674.93 Td (A) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.05 674.93 Td (ColumnB) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.30 674.93 Td (ColumnC) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.80 674.93 Td (ColumnD) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.05 674.93 Td (ColumnE) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 661.57 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 286.50 661.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.30 662.93 Td (Additions) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 471.50 661.57 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 533.50 661.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 635.08 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.60 650.93 Td (Balanceat) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.60 642.93 Td (beginning) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.05 634.93 Td (ofperiod) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.75 650.93 Td (Chargedto) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.85 642.93 Td (costand) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.10 634.93 Td (expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.60 650.93 Td (Charged) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.10 642.93 Td (toother) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.60 634.93 Td (accounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.35 635.08 Td (Deductions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.90 650.93 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.60 642.93 Td (atendof) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.35 634.93 Td (period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 621.42 Td (Reserve for uncollectibles:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 312.50 619.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 373.50 619.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 435.50 619.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 497.50 619.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 559.50 619.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 607.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 607.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 607.42 Td (3,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 607.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 607.42 Td (6,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 607.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 607.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 607.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 607.42 Td (7,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 607.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 607.42 Td (2,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 593.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 593.42 Td (3,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 593.42 Td (4,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 593.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 593.42 Td (4,1) Tj ET Q q 0 0 0 rg BT 487.15 593.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 593.42 Td (3,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 579.42 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 579.42 Td (3,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 579.42 Td (4,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 579.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 579.42 Td (4,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 579.42 Td (3,125) Tj ET Q BT /F1 11.50 Tf ET endstream endobj 365 0 obj <>] /Rotate 0 /Contents 366 0 R>> endobj 366 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (178) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 198.35 734.75 Td (ARIZONA) Tj ET Q q 0 0 0 rg BT 252.03 734.75 Td ( PUBLIC SER) Tj ET Q q 0 0 0 rg BT 323.20 734.75 Td (VICE COMP) Tj ET Q q 0 0 0 rg BT 389.10 734.75 Td (ANY) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 164.45 720.95 Td (SCHEDULE II RESER) Tj ET Q q 0 0 0 rg BT 294.74 720.95 Td (VE FOR UNCOLLECTIBLES) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 256.15 707.15 Td (\(dollars in thousands\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 630.85 167.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 630.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 630.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 630.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 630.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 630.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 630.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 630.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 630.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 630.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 630.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 602.85 167.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 602.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 602.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 602.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 602.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 602.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 602.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 602.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 602.85 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 602.85 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 602.85 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 670.85 m 217 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 670.85 m 286 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 670.85 m 355 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 670.85 m 359 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 670.85 m 424 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 670.85 m 493 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 670.85 m 562 670.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 658.85 m 355 658.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 658.85 m 359 658.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 658.85 m 424 658.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 630.85 m 217 630.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 630.85 m 286 630.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 630.85 m 355 630.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 630.85 m 424 630.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 630.85 m 493 630.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 630.85 m 562 630.85 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 115.75 674.93 Td (Column) Tj ET Q q 0 0 0 rg BT 145.09 674.93 Td (A) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.55 674.93 Td (ColumnB) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.80 674.93 Td (ColumnC) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.30 674.93 Td (ColumnD) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.55 674.93 Td (ColumnE) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 52.50 661.57 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 253.00 661.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.80 662.93 Td (Additions) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 460.00 661.57 Td () Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 529.00 661.57 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 635.08 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.10 650.93 Td (Balanceat) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.10 642.93 Td (beginning) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.55 634.93 Td (ofperiod) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.75 650.93 Td (Chargedto) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.85 642.93 Td (costand) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.10 634.93 Td (expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.10 650.93 Td (Charged) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.60 642.93 Td (toother) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.10 634.93 Td (accounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.85 635.08 Td (Deductions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.40 650.93 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.10 642.93 Td (atendof) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.85 634.93 Td (period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 621.42 Td (Reserve for uncollectibles:) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 282.50 619.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 351.50 619.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 420.50 619.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 489.50 619.61 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 558.50 619.61 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 607.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.50 607.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.65 607.42 Td (3,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.50 607.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 607.42 Td (6,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 607.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 607.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 607.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 607.42 Td (7,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 607.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 607.42 Td (2,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 593.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.65 593.42 Td (3,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 593.42 Td (4,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 593.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 593.42 Td (4,1) Tj ET Q q 0 0 0 rg BT 479.15 593.42 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 593.42 Td (3,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 579.42 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.65 579.42 Td (3,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 579.42 Td (4,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 579.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 579.42 Td (4,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 579.42 Td (3,125) Tj ET Q BT /F1 11.50 Tf ET endstream endobj 367 0 obj <>] /Rotate 0 /Contents 368 0 R>> endobj 368 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (179) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 117.50 734.75 Td (ITEM 9. CHANGES IN ) Tj ET Q q 0 0 0 rg BT 240.19 734.75 Td (AND DISAGREEMENTS ) Tj ET Q q 0 0 0 rg BT 371.62 734.75 Td (WITH ) Tj ET Q q 0 0 0 rg BT 406.45 734.75 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 463.74 734.75 Td (ANTS) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 170.20 720.95 Td (ON ) Tj ET Q q 0 0 0 rg BT 189.69 720.95 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 271.80 720.95 Td (AND FINANCIAL) Tj ET Q q 0 0 0 rg BT 364.13 720.95 Td ( DISCLOSURE) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 707.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 693.35 Td (None.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 190.95 679.55 Td (ITEM 9A. CONTROLS ) Tj ET Q q 0 0 0 rg BT 313.96 679.55 Td (AND PROCEDURES) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 665.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 651.95 Td (\(a\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 157.50 651.95 Td (Disclosure Controls and Procedures) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 638.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 624.35 Td (The term disclosure controls and procedures means controls and other procedures of a company that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.55 Td (are designed to ensure that information required to be disclosed by a company in the reports that it files or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.75 Td (submits under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 229.95 596.75 Td (Act of 1934 \(the Exchange ) Tj ET Q q 0 0 0 rg BT 361.20 596.75 Td (Act\) \(15 U.S.C. 78a ) Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 461.17 596.75 Td (et seq) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 487.67 596.75 Td (.\) is recorded, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.95 Td (processed, summarized and reported, within the time periods specified in the SEC) Tj ET Q q 0 0 0 rg BT 429.87 582.95 Td (s rulesand forms. ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.15 Td (Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.35 Td (information required to be disclosed by a company in the reports that it files or submits under the Exchange ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.55 Td (Act is accumulated and communicated to a company) Tj ET Q q 0 0 0 rg BT 295.71 541.55 Td (s management, including its principal executive and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.75 Td (principal financial of) Tj ET Q q 0 0 0 rg BT 145.73 527.75 Td (ficers, or persons performing similar functions, as appropriate to allow timely decisions ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.95 Td (regarding required disclosure.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 500.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 486.35 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 486.35 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 486.35 Td (est) Tj ET Q q 0 0 0 rg BT 153.67 486.35 Td (s management, with the participation of Pinnacle ) Tj ET Q q 0 0 0 rg BT 381.49 486.35 Td (W) Tj ET Q q 0 0 0 rg BT 391.42 486.35 Td (est) Tj ET Q q 0 0 0 rg BT 407.39 486.35 Td (s Chief Executive Of) Tj ET Q q 0 0 0 rg BT 503.95 486.35 Td (ficer and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.55 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 135.52 472.55 Td (ficer) Tj ET Q q 0 0 0 rg BT 156.13 472.55 Td (, have evaluated the ef) Tj ET Q q 0 0 0 rg BT 259.04 472.55 Td (fectiveness of Pinnacle ) Tj ET Q q 0 0 0 rg BT 367.73 472.55 Td (W) Tj ET Q q 0 0 0 rg BT 377.66 472.55 Td (est) Tj ET Q q 0 0 0 rg BT 393.64 472.55 Td (s disclosure controls and procedures ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.75 Td (as of December31, 2017. Based on that evaluation, Pinnacle ) Tj ET Q q 0 0 0 rg BT 334.80 458.75 Td (W) Tj ET Q q 0 0 0 rg BT 344.73 458.75 Td (est) Tj ET Q q 0 0 0 rg BT 360.70 458.75 Td (s Chief Executive Of) Tj ET Q q 0 0 0 rg BT 457.26 458.75 Td (ficer and Chief ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.95 Td (Financial Of) Tj ET Q q 0 0 0 rg BT 107.10 444.95 Td (ficer have concluded that, as of that date, Pinnacle ) Tj ET Q q 0 0 0 rg BT 340.95 444.95 Td (W) Tj ET Q q 0 0 0 rg BT 350.88 444.95 Td (est) Tj ET Q q 0 0 0 rg BT 366.85 444.95 Td (s disclosure controls and procedures were ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.15 Td (ef) Tj ET Q q 0 0 0 rg BT 58.23 431.15 Td (fective.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 417.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 403.55 Td (APS) Tj ET Q q 0 0 0 rg BT 109.79 403.55 Td (s management, with the participation of ) Tj ET Q q 0 0 0 rg BT 294.71 403.55 Td (APS) Tj ET Q q 0 0 0 rg BT 319.00 403.55 Td (s Chief Executive Of) Tj ET Q q 0 0 0 rg BT 415.56 403.55 Td (ficer and Chief Financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 389.75 Td (Of) Tj ET Q q 0 0 0 rg BT 61.43 389.75 Td (ficer) Tj ET Q q 0 0 0 rg BT 82.03 389.75 Td (, have evaluated the ef) Tj ET Q q 0 0 0 rg BT 184.95 389.75 Td (fectiveness of ) Tj ET Q q 0 0 0 rg BT 250.73 389.75 Td (APS) Tj ET Q q 0 0 0 rg BT 275.03 389.75 Td (s disclosure controls and procedures as of December31, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 375.95 Td (2017. Based on that evaluation, ) Tj ET Q q 0 0 0 rg BT 199.62 375.95 Td (APS) Tj ET Q q 0 0 0 rg BT 223.91 375.95 Td (s Chief Executive Of) Tj ET Q q 0 0 0 rg BT 320.46 375.95 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 449.90 375.95 Td (ficer have concluded ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.15 Td (that, as of that date, ) Tj ET Q q 0 0 0 rg BT 141.79 362.15 Td (APS) Tj ET Q q 0 0 0 rg BT 166.09 362.15 Td (s disclosure controls and procedures were ef) Tj ET Q q 0 0 0 rg BT 369.62 362.15 Td (fective.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 348.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 334.55 Td (\(b\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 157.50 334.55 Td (Management) Tj ET Q q 0 0 0 rg BT 220.73 334.55 Td (s ) Tj ET Q q 0 0 0 rg BT 227.45 334.55 Td (Annual Reports on Internal Control Over Financial Reporting) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 320.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 306.95 Td (Reference is made to Management) Tj ET Q q 0 0 0 rg BT 253.46 306.95 Td (s Report on Internal Control over Financial Reporting \(Pinnacle ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 293.15 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 293.15 Td (est Capital Corporation\) in Item 8 of this report and Management) Tj ET Q q 0 0 0 rg BT 373.05 293.15 Td (s Report on Internal Control over ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 279.35 Td (Financial Reporting \(ArizonaPublicService Company\) in Item 8 of this report.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 265.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 251.75 Td (\(c\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 157.50 251.75 Td (Attestation Reports of the Registered Public ) Tj ET Q q 0 0 0 rg BT 362.56 251.75 Td (Accounting Firm) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 237.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 224.15 Td (Reference is made to Report of Independent Registered Public ) Tj ET Q q 0 0 0 rg BT 380.26 224.15 Td (Accounting Firm in Item 8 of this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 210.35 Td (report and Report of Independent Registered Public ) Tj ET Q q 0 0 0 rg BT 294.45 210.35 Td (Accounting Firm in Item 8 of this report on the internal ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 196.55 Td (control over financial reporting of Pinnacle ) Tj ET Q q 0 0 0 rg BT 251.11 196.55 Td (W) Tj ET Q q 0 0 0 rg BT 261.05 196.55 Td (est and ) Tj ET Q q 0 0 0 rg BT 295.54 196.55 Td (APS, respectively) Tj ET Q q 0 0 0 rg BT 377.20 196.55 Td (.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 182.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 168.95 Td (\(d\) ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 157.50 168.95 Td (Changes In Internal Control Over Financial Reporting) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 155.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 141.35 Td (No change in Pinnacle ) Tj ET Q q 0 0 0 rg BT 191.96 141.35 Td (W) Tj ET Q q 0 0 0 rg BT 201.89 141.35 Td (est) Tj ET Q q 0 0 0 rg BT 217.86 141.35 Td (s or ) Tj ET Q q 0 0 0 rg BT 237.03 141.35 Td (APS) Tj ET Q q 0 0 0 rg BT 261.32 141.35 Td (s internal control over financial reporting occurred during the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 127.55 Td (fiscal quarter ended December31, 2017 that materially af) Tj ET Q q 0 0 0 rg BT 314.64 127.55 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 523.28 127.55 Td (fect, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 113.75 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 91.77 113.75 Td (W) Tj ET Q q 0 0 0 rg BT 101.70 113.75 Td (est) Tj ET Q q 0 0 0 rg BT 117.67 113.75 Td (s or ) Tj ET Q q 0 0 0 rg BT 136.84 113.75 Td (APS) Tj ET Q q 0 0 0 rg BT 161.14 113.75 Td (s internal control over financial reporting.) Tj ET Q endstream endobj 369 0 obj <>] /Rotate 0 /Contents 370 0 R>> endobj 370 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (180) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 213.60 734.75 Td (ITEM 9B. OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 368.97 734.75 Td (TION) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 707.15 Td (None.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 282.90 679.55 Td (P) Tj ET Q q 0 0 0 rg BT 289.07 679.55 Td (AR) Tj ET Q q 0 0 0 rg BT 305.28 679.55 Td (T) Tj ET Q q 0 0 0 rg BT 312.74 679.55 Td (III) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 665.75 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 177.50 638.15 Td (ITEM 10. DIRECT) Tj ET Q q 0 0 0 rg BT 275.70 638.15 Td (ORS, EXECUTIVE OFFICERS) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 154.25 624.35 Td (AND CORPORA) Tj ET Q q 0 0 0 rg BT 239.32 624.35 Td (TE GOVERNANCE OF) Tj ET Q q 0 0 0 rg BT 359.02 624.35 Td ( PINNACLE ) Tj ET Q q 0 0 0 rg BT 424.62 624.35 Td (WEST) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 610.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 596.75 Td (Reference is hereby made to Information ) Tj ET Q q 0 0 0 rg BT 281.56 596.75 Td (About Our Board and Corporate Governance, Proposal 1 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.95 Td ( Election of Directors and to Section16\(a\)Beneficial Ownership Reporting Compliance in the Pinnacle ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.15 Td (W) Tj ET Q q 0 0 0 rg BT 59.43 569.15 Td (est Proxy Statement relating to the ) Tj ET Q q 0 0 0 rg BT 220.41 569.15 Td (Annual Meeting of Shareholders to be held on May16, 2018 \(the 2018 ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.35 Td (Proxy Statement\) and to the Executive Of) Tj ET Q q 0 0 0 rg BT 251.76 555.35 Td (ficers of Pinnacle) Tj ET Q q 0 0 0 rg BT 334.90 555.35 Td (W) Tj ET Q q 0 0 0 rg BT 344.83 555.35 Td (est section in PartI of this report.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 527.75 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 527.75 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 527.75 Td (est has adopted a Code of Ethics for Financial Executives that applies to financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 513.95 Td (executives including Pinnacle ) Tj ET Q q 0 0 0 rg BT 189.49 513.95 Td (W) Tj ET Q q 0 0 0 rg BT 199.43 513.95 Td (est) Tj ET Q q 0 0 0 rg BT 215.40 513.95 Td (s Chief Executive Of) Tj ET Q q 0 0 0 rg BT 311.95 513.95 Td (ficer) Tj ET Q q 0 0 0 rg BT 332.56 513.95 Td (, Chief Financial Of) Tj ET Q q 0 0 0 rg BT 424.33 513.95 Td (ficer) Tj ET Q q 0 0 0 rg BT 444.93 513.95 Td (, Chief ) Tj ET Q q 0 0 0 rg BT 478.47 513.95 Td (Accounting ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 500.15 Td (Of) Tj ET Q q 0 0 0 rg BT 61.43 500.15 Td (ficer) Tj ET Q q 0 0 0 rg BT 82.03 500.15 Td (, Controller) Tj ET Q q 0 0 0 rg BT 134.59 500.15 Td (, ) Tj ET Q q 0 0 0 rg BT 140.13 500.15 Td (T) Tj ET Q q 0 0 0 rg BT 146.75 500.15 Td (reasurer) Tj ET Q q 0 0 0 rg BT 183.32 500.15 Td (, and General Counsel, the President and Chief Operating Of) Tj ET Q q 0 0 0 rg BT 462.56 500.15 Td (ficer of ) Tj ET Q q 0 0 0 rg BT 498.31 500.15 Td (APS and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 486.35 Td (other persons designated as financial executives by the Chair of the ) Tj ET Q q 0 0 0 rg BT 361.51 486.35 Td (Audit Committee. ) Tj ET Q q 0 0 0 rg BT 450.10 486.35 Td (The Code of Ethics for ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 472.55 Td (Financial Executives is posted on Pinnacle ) Tj ET Q q 0 0 0 rg BT 248.59 472.55 Td (W) Tj ET Q q 0 0 0 rg BT 258.52 472.55 Td (est) Tj ET Q q 0 0 0 rg BT 274.49 472.55 Td (s website \() Tj ET Q BT /F3 11.50 Tf ET q 0 0 0 rg BT 323.68 472.55 Td (www) Tj ET Q q 0 0 0 rg BT 345.84 472.55 Td (.pinnaclewest.com\)) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 434.62 472.55 Td (. Pinnacle) Tj ET Q q 0 0 0 rg BT 485.51 472.55 Td (W) Tj ET Q q 0 0 0 rg BT 495.45 472.55 Td (est intends to ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.75 Td (satisfy the requirements under Item5.05 of Form8-K regarding disclosure of amendments to, or waivers from, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 444.95 Td (provisions of the Code of Ethics for Financial Executives by posting such information on Pinnacle ) Tj ET Q q 0 0 0 rg BT 505.07 444.95 Td (W) Tj ET Q q 0 0 0 rg BT 515.00 444.95 Td (est) Tj ET Q q 0 0 0 rg BT 530.97 444.95 Td (s ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 431.15 Td (website.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 417.35 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 196.65 403.55 Td (ITEM 1) Tj ET Q q 0 0 0 rg BT 235.31 403.55 Td (1. EXECUTIVE COMPENSA) Tj ET Q q 0 0 0 rg BT 385.89 403.55 Td (TION) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 389.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 375.95 Td (Reference is hereby made to Directors) Tj ET Q q 0 0 0 rg BT 270.16 375.95 Td ( Compensation, Report of the Human Resources ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 362.15 Td (Committee, Executive Compensation, and Human Resources Committee Interlocks and Insider ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 348.35 Td (Participation in the 2018 Proxy Statement.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 334.55 Td () Tj ET Q endstream endobj 371 0 obj <>] /Rotate 0 /Contents 372 0 R>> endobj 372 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (181) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 203.50 734.75 Td (ITEM 12. SECURITY) Tj ET Q q 0 0 0 rg BT 316.18 734.75 Td ( OWNERSHIP) Tj ET Q q 0 0 0 rg BT 389.99 734.75 Td ( OF) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 157.80 720.95 Td (CER) Tj ET Q q 0 0 0 rg BT 181.68 720.95 Td (T) Tj ET Q q 0 0 0 rg BT 188.49 720.95 Td (AIN BENEFICIAL) Tj ET Q q 0 0 0 rg BT 283.39 720.95 Td ( OWNERS ) Tj ET Q q 0 0 0 rg BT 339.63 720.95 Td (AND MANAGEMENT) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 188.90 707.15 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 247.79 707.15 Td (TED ST) Tj ET Q q 0 0 0 rg BT 288.17 707.15 Td (OCKHOLDER MA) Tj ET Q q 0 0 0 rg BT 385.39 707.15 Td (TTERS) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 693.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 679.55 Td (Reference is hereby made to Ownership of Pinnacle ) Tj ET Q q 0 0 0 rg BT 332.45 679.55 Td (W) Tj ET Q q 0 0 0 rg BT 342.39 679.55 Td (est Stock in the 2018 Proxy Statement.) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 85.50 651.95 Td (Securities ) Tj ET Q q 0 0 0 rg BT 135.65 651.95 Td (Authorized for) Tj ET Q q 0 0 0 rg BT 208.58 651.95 Td ( Issuance Under) Tj ET Q q 0 0 0 rg BT 287.60 651.95 Td ( Equity Compensation Plans) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.15 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 624.35 Td (The following table sets forth information as of December31, 2017 with respect to the 2012 Plan and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 610.55 Td (the 2007 Plan, under which our equity securities are outstanding or currently authorized for issuance.) Tj ET Q BT /F4 11.50 Tf ET q 0 0 0 rg BT 211.55 582.95 Td (Equity Compensation Plan Information) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 486.45 264.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 486.45 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 486.45 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 486.45 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 486.45 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 486.45 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 458.45 264.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 458.45 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 458.45 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 458.45 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 458.45 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 458.45 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 486.45 m 314 486.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 486.45 m 394 486.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 486.45 m 478 486.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 486.45 m 562 486.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 486.45 m 562 486.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 458.45 m 394 458.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 458.45 m 478 458.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 445.45 m 394 445.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 443.45 m 394 443.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 458.45 m 478 458.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 445.45 m 478 445.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 443.45 m 478 443.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 458.45 m 562 458.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 445.45 m 562 445.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 443.45 m 562 443.45 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 490.68 Td (PlanCategory) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.00 548.63 Td (Number) Tj ET Q q 0 0 0 rg BT 363.30 548.63 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.15 540.63 Td (securitiestobe) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.35 532.63 Td (issuedupon) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.65 524.63 Td (exer) Tj ET Q q 0 0 0 rg BT 350.16 524.63 Td (ciseof) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.25 516.63 Td (outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.45 508.63 Td (options,warrants) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.05 500.63 Td (andrights) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.55 491.12 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.05 491.12 Td (\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.90 548.63 Td (W) Tj ET Q q 0 0 0 rg BT 427.46 548.63 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.15 540.63 Td (average ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.35 532.63 Td (exer) Tj ET Q q 0 0 0 rg BT 428.86 532.63 Td (ciseprice) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.90 524.63 Td (ofoutstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.05 516.63 Td (options,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.45 508.63 Td (warrantsand) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.50 500.63 Td (rights) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.35 491.12 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.85 491.12 Td (\(b\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.00 564.53 Td (Number) Tj ET Q q 0 0 0 rg BT 531.30 564.53 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.00 556.53 Td (securitiesr) Tj ET Q q 0 0 0 rg BT 524.39 556.53 Td (emaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.50 548.53 Td (availablefor) Tj ET Q q 0 0 0 rg BT 531.24 548.53 Td (futur) Tj ET Q q 0 0 0 rg BT 550.87 548.53 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.10 540.53 Td (issuanceunder) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.80 532.53 Td (equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.80 524.53 Td (compensationplans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.70 516.53 Td (\(excluding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.70 508.53 Td (securitiesr) Tj ET Q q 0 0 0 rg BT 527.09 508.53 Td (eflected) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.50 500.53 Td (incolumn\(a\)\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.80 491.02 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 491.02 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 477.02 Td (Equity compensation plans approved by security holders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 477.02 Td (1,364,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 477.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 477.02 Td (2,172,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 463.02 Td (Equity compensation plans not approved by security holders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 463.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 449.13 Td (T) Tj ET Q q 0 0 0 rg BT 58.25 449.13 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 449.02 Td (1,364,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 449.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 449.02 Td (2,172,786) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 563.50 444.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 425.15 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 103.50 425.15 Td (This amount includes shares subject to outstanding performance share awards and restricted stock ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 411.35 Td (unit awards at the maximum amount of shares issuable under such awards. However) Tj ET Q q 0 0 0 rg BT 494.58 411.35 Td (, payout of the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 397.55 Td (performance share awards is contingent on the Company reaching certain levels of performance ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 383.75 Td (during a three-year performance period. If the performance criteria for these awards are not fully ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 369.95 Td (satisfied, the award recipient will receive less than the maximum number of shares available under ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 356.15 Td (these grants and may receive nothing from these grants.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 342.35 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 103.50 342.35 Td (The weighted-average exercise price in this column does not take performance share awards or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 328.55 Td (restricted stock unit awards into account, as those awards have no exercise price.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 76.50 314.75 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 103.50 314.75 Td (A) Tj ET Q q 0 0 0 rg BT 110.75 314.75 Td (wards under the 2012 Plan can take the form of options, stock appreciation rights, restricted ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 300.95 Td (stock, performance shares, performance share units, performance cash, stock grants, stock units, ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 287.15 Td (dividend equivalents, and restricted stock units. ) Tj ET Q q 0 0 0 rg BT 327.39 287.15 Td (Additional shares cannot be awarded under the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 273.35 Td (2007 Plan. However) Tj ET Q q 0 0 0 rg BT 200.13 273.35 Td (, if an award under the 2012 Plan is forfeited, terminated or canceled or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 259.55 Td (expires, the shares subject to such award, to the extent of the forfeiture, termination, cancellation or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 103.50 245.75 Td (expiration, may be added back to the shares available for issuance under the 2012 Plan.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 231.95 Td () Tj ET Q endstream endobj 373 0 obj <>] /Rotate 0 /Contents 374 0 R>> endobj 374 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (182) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 734.75 Td (Equity Compensation Plans ) Tj ET Q q 0 0 0 rg BT 188.50 734.75 Td (Appr) Tj ET Q q 0 0 0 rg BT 214.49 734.75 Td (oved By Security Holders) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 720.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 707.15 Td (Amounts in column \(a\)in the table above include shares subject to awards outstanding under two ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.35 Td (equity compensation plans that were previously approved by our shareholders: \(a\)the 2007 Plan, which was ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 679.55 Td (approved by our shareholders at our 2007 annual meeting of shareholders and under which no new stock ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.75 Td (awards may be granted; and \(b\)the 2012 Plan, as amended, which was approved by our shareholders at our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.95 Td (2012 annual meeting of shareholders and the first amendment to the 2012 Plan was approved by our ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 638.15 Td (shareholders at our 2017 annual meeting of shareholders. See Note 15 of the Notes to Consolidated Financial ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.35 Td (Statements for additional information regarding these plans.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 610.55 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 596.75 Td (Equity Compensation Plans Not ) Tj ET Q q 0 0 0 rg BT 209.26 596.75 Td (Appr) Tj ET Q q 0 0 0 rg BT 235.25 596.75 Td (oved by Security Holders) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 569.15 Td (The Company does not have any equity compensation plans under which shares can be issued that ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.35 Td (have not been approved by the shareholders.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 527.75 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 162.55 513.95 Td (ITEM 13. CER) Tj ET Q q 0 0 0 rg BT 240.10 513.95 Td (T) Tj ET Q q 0 0 0 rg BT 246.91 513.95 Td (AIN RELA) Tj ET Q q 0 0 0 rg BT 301.97 513.95 Td (TIONSHIPS ) Tj ET Q q 0 0 0 rg BT 366.85 513.95 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 425.74 513.95 Td (TED) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 165.50 500.15 Td (TRANSACTIONS, ) Tj ET Q q 0 0 0 rg BT 262.00 500.15 Td (AND DIRECT) Tj ET Q q 0 0 0 rg BT 334.32 500.15 Td (OR INDEPENDENCE) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 486.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 472.55 Td (Reference is hereby made to Information ) Tj ET Q q 0 0 0 rg BT 281.56 472.55 Td (About Our Board and Corporate Governance and Related ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 458.75 Td (Party ) Tj ET Q q 0 0 0 rg BT 76.44 458.75 Td (T) Tj ET Q q 0 0 0 rg BT 83.06 458.75 Td (ransactions in the 2018 Proxy Statement.) Tj ET Q endstream endobj 375 0 obj <>] /Rotate 0 /Contents 376 0 R>> endobj 376 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (183) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 206.15 720.75 Td (ITEM 14. PRINCIP) Tj ET Q q 0 0 0 rg BT 306.88 720.75 Td (AL) Tj ET Q q 0 0 0 rg BT 322.23 720.75 Td ( ) Tj ET Q q 0 0 0 rg BT 324.47 720.75 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 381.75 720.75 Td (ANT) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 248.00 706.95 Td (FEES ) Tj ET Q q 0 0 0 rg BT 279.00 706.95 Td (AND SER) Tj ET Q q 0 0 0 rg BT 328.76 706.95 Td (VICES) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 693.15 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 679.35 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 94.33 679.35 Td (W) Tj ET Q q 0 0 0 rg BT 105.20 679.35 Td (est) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 95.50 651.75 Td (Reference is hereby made to Accounting and ) Tj ET Q q 0 0 0 rg BT 309.77 651.75 Td (Auditing Matters ) Tj ET Q q 0 0 0 rg BT 405.28 651.75 Td (Audit Fees and Pre-Approval ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (Policies in the 2018 Proxy Statement.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (APS ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 582.75 Td (The following fees were paid to ) Tj ET Q q 0 0 0 rg BT 234.32 582.75 Td (APS) Tj ET Q q 0 0 0 rg BT 258.61 582.75 Td (s independent registered public accountants, Deloitte& ) Tj ET Q q 0 0 0 rg BT 516.44 582.75 Td (T) Tj ET Q q 0 0 0 rg BT 522.66 582.75 Td (ouche ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (LLP) Tj ET Q q 0 0 0 rg BT 68.67 568.95 Td (, for the last two fiscal years: ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 532.65 331.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 532.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 532.65 87.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 532.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 532.65 87.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 532.65 m 381 532.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 532.65 m 472 532.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 532.65 m 563 532.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 532.65 m 472 532.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 532.65 m 563 532.65 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 536.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.24 536.73 Td (ypeofService) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.00 536.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.00 536.73 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 523.22 Td (Audit Fees \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 523.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 523.22 Td (2,212,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.50 523.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 523.22 Td (2,137,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 509.22 Td (Audit-Related Fees \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 509.22 Td (292,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 509.22 Td (283,070) Tj ET Q BT /F1 11.50 Tf ET BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 491.35 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 477.55 Td (\(1\)) Tj ET Q BT /F1 3.00 Tf ET q 0 0 0 rg BT 98.91 477.55 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 477.55 Td (The aggregate fees billed for services rendered for the audit of annual financial statements and ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 463.75 Td (for review of financial statements included in Reports on Form10-Q.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 449.95 Td (\(2\)) Tj ET Q BT /F1 3.00 Tf ET q 0 0 0 rg BT 98.91 449.95 Td ( ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 121.50 449.95 Td (The aggregate fees billed for assurance and related services that are reasonably related to the ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 436.15 Td (performance of the audit or review of the financial statements and are not included in ) Tj ET Q q 0 0 0 rg BT 443.87 436.15 Td (Audit Fees reported ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 422.35 Td (above, which primarily consist of fees for employee benefit plan audits performed in 2017 and 2016.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 408.55 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 394.75 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 127.77 394.75 Td (W) Tj ET Q q 0 0 0 rg BT 137.70 394.75 Td (est) Tj ET Q q 0 0 0 rg BT 153.67 394.75 Td (s ) Tj ET Q q 0 0 0 rg BT 160.39 394.75 Td (Audit Committee pre-approves each audit service and non-audit service to be provided ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 380.95 Td (by ) Tj ET Q q 0 0 0 rg BT 63.24 380.95 Td (APS) Tj ET Q q 0 0 0 rg BT 87.53 380.95 Td (s registered public accounting firm. ) Tj ET Q q 0 0 0 rg BT 256.26 380.95 Td (The ) Tj ET Q q 0 0 0 rg BT 276.38 380.95 Td (Audit Committee has delegated to the Chair of the ) Tj ET Q q 0 0 0 rg BT 510.49 380.95 Td (Audit ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 367.15 Td (Committee the authority to pre-approve audit and non-audit services to be performed by the independent ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 353.35 Td (public accountants if the services are not expected to cost more than $50,000. ) Tj ET Q q 0 0 0 rg BT 411.43 353.35 Td (The Chair must report any pre-) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 339.55 Td (approval decisions to the ) Tj ET Q q 0 0 0 rg BT 166.40 339.55 Td (Audit Committee at its next scheduled meeting. ) Tj ET Q q 0 0 0 rg BT 390.93 339.55 Td (All of the services performed by ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 325.75 Td (Deloitte& ) Tj ET Q q 0 0 0 rg BT 101.03 325.75 Td (T) Tj ET Q q 0 0 0 rg BT 107.25 325.75 Td (ouche LLP) Tj ET Q q 0 0 0 rg BT 157.61 325.75 Td ( for ) Tj ET Q q 0 0 0 rg BT 176.13 325.75 Td (APS in 2017 were pre-approved by the ) Tj ET Q q 0 0 0 rg BT 357.86 325.75 Td (Audit Committee or the Chair consistent ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 311.95 Td (with the pre-approval policy) Tj ET Q q 0 0 0 rg BT 179.37 311.95 Td (.) Tj ET Q endstream endobj 377 0 obj <>] /Rotate 0 /Contents 378 0 R>> endobj 378 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (184) Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 283.35 734.75 Td (P) Tj ET Q q 0 0 0 rg BT 289.52 734.75 Td (AR) Tj ET Q q 0 0 0 rg BT 305.73 734.75 Td (T) Tj ET Q q 0 0 0 rg BT 313.19 734.75 Td (IV) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 720.95 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 131.20 693.35 Td (ITEM 15. EXHIBITS ) Tj ET Q q 0 0 0 rg BT 242.72 693.35 Td (AND FINANCIAL) Tj ET Q q 0 0 0 rg BT 335.05 693.35 Td ( ST) Tj ET Q q 0 0 0 rg BT 351.14 693.35 Td (A) Tj ET Q q 0 0 0 rg BT 358.59 693.35 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 408.22 693.35 Td ( SCHEDULES) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 306.00 679.55 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 665.75 Td (Financial Statements and Financial Statement Schedules) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.95 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 638.15 Td (See the Index to Financial Statements and Financial Statement Schedule in PartII,Item 8.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.35 Td () Tj ET Q BT /F2 11.50 Tf ET q 0 0 0 rg BT 49.50 610.55 Td (Exhibits Filed ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.75 Td () Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.50 582.95 Td (The documents listed below are being filed or have previously been filed on behalf of Pinnacle ) Tj ET Q q 0 0 0 rg BT 524.72 582.95 Td (W) Tj ET Q q 0 0 0 rg BT 534.65 582.95 Td (est or ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 569.15 Td (APS and are incorporated herein by reference from the documents indicated and made a part hereof. Exhibits ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.35 Td (not identified as previously filed are filed herewith.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 541.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 522.28 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 514.28 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 512.77 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 514.28 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 512.77 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 514.28 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 514.28 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 514.28 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 514.28 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 512.77 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 514.28 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 496.62 Td (3.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 473.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 496.62 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 496.62 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 496.62 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 473.81 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 495.28339843749995 m 336.3330078125 495.28339843749995 l s q 0 0 1 rg BT 187.50 496.62 Td (Articles of Incorporation, restated as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 485.28339843749995 m 254.16015625 485.28339843749995 l s q 0 0 1 rg BT 187.50 486.62 Td (of May21, 2008) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 496.62 Td (3.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 411.62 496.62 Td (W) Tj ET Q q 0 0 0 rg BT 420.57 496.62 Td (est/APS June30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 486.62 Td (2008 Form10-Q Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 476.62 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 473.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 496.62 Td (8/7/2008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 457.62 Td (3.2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 434.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 457.62 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 457.62 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 457.62 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 434.81 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 456.28339843749995 m 328.7060546875 456.28339843749995 l s q 0 0 1 rg BT 187.50 457.62 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 457.62 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 457.62 Td (est Capital Corporation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 446.28339843749995 m 336.3525390625 446.28339843749995 l s q 0 0 1 rg BT 187.50 447.62 Td (Bylaws, amended as of February 22, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 436.28339843749995 m 207.5 436.28339843749995 l s q 0 0 1 rg BT 187.50 437.62 Td (2017) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 457.62 Td (3.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 411.62 457.62 Td (W) Tj ET Q q 0 0 0 rg BT 420.57 457.62 Td (est/APS February) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 447.62 Td (28, 2017 Form8-K Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 437.62 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 434.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 457.62 Td (2/28/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 418.62 Td (3.3) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 385.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 418.62 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 385.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 418.62 Td (Articles of Incorporation, restated as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 408.62 Td (of May25, 1988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 418.62 Td (4.2 to ) Tj ET Q q 0 0 0 rg BT 374.50 418.62 Td (APS) Tj ET Q q 0 0 0 rg BT 395.63 418.62 Td (s Form18 Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 408.62 Td (Nos. 33-33910 and 33-55248 by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 398.62 Td (means of September24, 1993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 388.62 Td (Form8-K Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 385.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 418.62 Td (9/29/1993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 369.62 Td (3.3.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 336.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 369.62 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 336.81 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 368.28339843749995 m 308.8623046875 368.28339843749995 l s q 0 0 1 rg BT 187.50 369.62 Td (Amendment to the ) Tj ET Q q 0 0 1 rg BT 263.88 369.62 Td (Articles of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 358.28339843749995 m 317.4658203125 358.28339843749995 l s q 0 0 1 rg BT 187.50 359.62 Td (Incorporation of ) Tj ET Q q 0 0 1 rg BT 254.70 359.62 Td (Arizona Public ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 348.28339843749995 m 337.646484375 348.28339843749995 l s q 0 0 1 rg BT 187.50 349.62 Td (Service Company) Tj ET Q q 0 0 1 rg BT 258.22 349.62 Td (, amended May16, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 338.28339843749995 m 207.5 338.28339843749995 l s q 0 0 1 rg BT 187.50 339.62 Td (2012) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 369.62 Td (3.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 411.62 369.62 Td (W) Tj ET Q q 0 0 0 rg BT 420.57 369.62 Td (est/APS May22,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 359.62 Td (2012 Form8-K Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 349.62 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 336.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 369.62 Td (5/22/2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 320.62 Td (3.4) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 297.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 320.62 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 297.81 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 319.28339843749995 m 324.1357421875 319.28339843749995 l s q 0 0 1 rg BT 187.50 320.62 Td (Arizona Public Service Company ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 309.28339843749995 m 341.337890625 309.28339843749995 l s q 0 0 1 rg BT 187.50 310.62 Td (Bylaws, amended as of December16, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 299.28339843749995 m 207.5 299.28339843749995 l s q 0 0 1 rg BT 187.50 300.62 Td (2008) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 320.62 Td (3.4 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 411.62 320.62 Td (W) Tj ET Q q 0 0 0 rg BT 420.57 320.62 Td (est/APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 310.62 Td (December31, 2008 Form10-K, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 300.62 Td (No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 297.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 320.62 Td (2/20/2009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 281.62 Td (4.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 258.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 281.62 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 281.62 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 281.62 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 258.81 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 280.28339843749995 m 284.9609375 280.28339843749995 l s q 0 0 1 rg BT 187.50 281.62 Td (Specimen Certificate of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 270.28339843749995 m 328.7060546875 270.28339843749995 l s q 0 0 1 rg BT 187.50 271.62 Td (Pinnacle) Tj ET Q q 0 0 1 rg BT 224.25 271.62 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 271.62 Td (est Capital Corporation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 260.28339843749995 m 304.4287109375 260.28339843749995 l s q 0 0 1 rg BT 187.50 261.62 Td (Common Stock, no par value) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 281.62 Td (4.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 411.53 281.62 Td (W) Tj ET Q q 0 0 0 rg BT 420.17 281.62 Td (est June 20, 2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 271.62 Td (Form 8-K Report, File No. 1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 258.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 281.62 Td (6/20/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 242.62 Td (4.2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 209.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 242.62 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 242.62 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 242.62 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 232.62 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 209.81 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 241.28339843749995 m 340.2294921875 241.28339843749995 l s q 0 0 1 rg BT 187.50 242.62 Td (Indenture dated as of January1, 1995 ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 231.28339843749995 m 328.134765625 231.28339843749995 l s q 0 0 1 rg BT 187.50 232.62 Td (among ) Tj ET Q q 0 0 1 rg BT 216.67 232.62 Td (APS and ) Tj ET Q q 0 0 1 rg BT 254.27 232.62 Td (The Bank of New ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 221.28339843749995 m 283.720703125 221.28339843749995 l s q 0 0 1 rg BT 187.50 222.62 Td (Y) Tj ET Q q 0 0 1 rg BT 193.72 222.62 Td (ork Mellon, as ) Tj ET Q q 0 0 1 rg BT 254.09 222.62 Td (T) Tj ET Q q 0 0 1 rg BT 259.84 222.62 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 242.62 Td (4.6 to ) Tj ET Q q 0 0 0 rg BT 374.50 242.62 Td (APS) Tj ET Q q 0 0 0 rg BT 395.63 242.62 Td (s Registration Statement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 232.62 Td (Nos. 33-61228 and 33-55473 by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 222.62 Td (means of January1, 1995 Form8-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 212.62 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 209.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 242.62 Td (1/1) Tj ET Q q 0 0 0 rg BT 528.49 242.62 Td (1/1995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 193.62 Td (4.2a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 160.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 193.62 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 193.62 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 193.62 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 183.62 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 160.81 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 192.28339843749995 m 341.630859375 192.28339843749995 l s q 0 0 1 rg BT 187.50 193.62 Td (First Supplemental Indenture dated as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 182.28339843749995 m 261.9287109375 182.28339843749995 l s q 0 0 1 rg BT 187.50 183.62 Td (of January1, 1995) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 193.62 Td (4.4 to ) Tj ET Q q 0 0 0 rg BT 374.50 193.62 Td (APS) Tj ET Q q 0 0 0 rg BT 395.63 193.62 Td (s Registration Statement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 183.62 Td (Nos. 33-61228 and 33-55473 by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 173.62 Td (means of January1, 1995 Form8-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 163.62 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 160.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 193.62 Td (1/1) Tj ET Q q 0 0 0 rg BT 528.49 193.62 Td (1/1995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 144.62 Td (4.3) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 101.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 144.62 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 144.62 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 144.62 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 134.62 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 101.81 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 143.28339843749995 m 333.837890625 143.28339843749995 l s q 0 0 1 rg BT 187.50 144.62 Td (Indenture dated as of November15, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 133.28339843749995 m 335.3515625 133.28339843749995 l s q 0 0 1 rg BT 187.50 134.62 Td (1996 between ) Tj ET Q q 0 0 1 rg BT 245.26 134.62 Td (APS and ) Tj ET Q q 0 0 1 rg BT 282.87 134.62 Td (The Bank of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 123.28339843749995 m 273.3447265625 123.28339843749995 l s q 0 0 1 rg BT 187.50 124.62 Td (New ) Tj ET Q q 0 0 1 rg BT 208.51 124.62 Td (Y) Tj ET Q q 0 0 1 rg BT 214.73 124.62 Td (ork, as ) Tj ET Q q 0 0 1 rg BT 243.71 124.62 Td (T) Tj ET Q q 0 0 1 rg BT 249.47 124.62 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 144.62 Td (4.5 to ) Tj ET Q q 0 0 0 rg BT 374.23 144.62 Td (APS) Tj ET Q q 0 0 0 rg BT 395.35 144.62 Td (s Registration Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 134.62 Td (Nos. 33-61228, 33-55473, 33-64455) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 124.62 Td (and 333- 15379 by means of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 114.62 Td (November19, 1996 Form8-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 104.62 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 101.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.40 144.62 Td (1) Tj ET Q q 0 0 0 rg BT 518.03 144.62 Td (1/22/1996) Tj ET Q endstream endobj 379 0 obj <>] /Rotate 0 /Contents 380 0 R>> endobj 380 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (185) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 711.57 Td (4.3a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 668.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 711.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 711.57 Td (W) Tj ET Q q 0 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() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 593.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 593.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 593.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 583.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 570.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 592.2333984375 m 334.677734375 592.2333984375 l s q 0 0 1 rg BT 187.50 593.57 Td (Third Supplemental Indenture dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 582.2333984375 m 283.8671875 582.2333984375 l s q 0 0 1 rg BT 187.50 583.57 Td (as of November1, 2002) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 593.57 Td (10.2 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 593.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 593.57 Td (est) Tj ET Q q 0 0 0 rg BT 439.33 593.57 Td (s March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 583.57 Td (2003 Form10-Q Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 573.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 570.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 593.57 Td (5/15/2003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 554.57 Td (4.4) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 511.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 554.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 554.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 554.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 511.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 553.2333984375 m 327.71484375 553.2333984375 l s q 0 0 1 rg BT 187.50 554.57 Td (Indenture dated as of December1, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 543.2333984375 m 336.7236328125 543.2333984375 l s q 0 0 1 rg BT 187.50 544.57 Td (2000 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BT 420.57 554.57 Td (est) Tj ET Q q 0 0 0 rg BT 434.33 554.57 Td (s Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 544.57 Td (Statement No.333-52476) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 511.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.20 554.57 Td (12/21/2000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 495.57 Td (4.4a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 495.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 495.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 495.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 494.2333984375 m 334.677734375 494.2333984375 l s q 0 0 1 rg BT 187.50 495.57 Td (Third Supplemental Indenture dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 484.2333984375 m 288.8671875 484.2333984375 l s q 0 0 1 rg BT 187.50 485.57 Td (as of November 30, 2017) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 495.57 Td (4.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 411.62 495.57 Td (W) Tj ET Q q 0 0 0 rg BT 420.57 495.57 Td (est November 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 485.57 Td (2017 Form8-K Report, File No.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 475.57 Td (1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.40 495.57 Td (1) Tj ET Q q 0 0 0 rg BT 518.21 495.57 Td (1/30/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 456.57 Td (4.5) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 413.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 456.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 456.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 456.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 413.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 455.2333984375 m 327.71484375 455.2333984375 l s q 0 0 1 rg BT 187.50 456.57 Td (Indenture dated as of 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Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 456.57 Td (4.2 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 411.62 456.57 Td (W) Tj ET Q q 0 0 0 rg BT 420.57 456.57 Td (est) Tj ET Q q 0 0 0 rg BT 434.33 456.57 Td (s Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 446.57 Td (Statement No.333-52476) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 413.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.20 456.57 Td (12/21/2000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 397.57 Td (4.6) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 344.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 397.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 397.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 397.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 387.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 344.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 396.2333984375 m 322.7294921875 396.2333984375 l s q 0 0 1 rg BT 187.50 397.57 Td (Indenture dated as of January15, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 386.2333984375 m 335.3515625 386.2333984375 l s q 0 0 1 rg BT 187.50 387.57 Td (1998 between ) Tj ET Q q 0 0 1 rg BT 245.26 387.57 Td (APS and ) Tj ET Q q 0 0 1 rg BT 282.87 387.57 Td (The Bank of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 376.2333984375 m 326.4111328125 376.2333984375 l s q 0 0 1 rg BT 187.50 377.57 Td (New ) Tj ET Q q 0 0 1 rg BT 208.51 377.57 Td (Y) Tj ET Q q 0 0 1 rg BT 214.73 377.57 Td (ork Mellon ) Tj ET Q q 0 0 1 rg BT 261.77 377.57 Td (T) Tj ET Q q 0 0 1 rg BT 267.52 377.57 Td (rust Company ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 366.2333984375 m 334.2431640625 366.2333984375 l s q 0 0 1 rg BT 187.50 367.57 Td (N.A. \(successor to JPMor) Tj ET Q q 0 0 1 rg BT 290.37 367.57 Td (gan Chase ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 356.2333984375 m 333.955078125 356.2333984375 l s q 0 0 1 rg BT 187.50 357.57 Td (Bank, N.A., formerly known as ) Tj ET Q q 0 0 1 rg BT 315.91 357.57 Td (The ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 346.2333984375 m 329.423828125 346.2333984375 l s q 0 0 1 rg BT 187.50 347.57 Td (Chase Manhattan Bank\), as ) Tj ET Q q 0 0 1 rg BT 299.79 347.57 Td (T) Tj ET Q q 0 0 1 rg BT 305.55 347.57 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 397.57 Td (4.10 to ) Tj ET Q q 0 0 0 rg BT 379.50 397.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 397.57 Td (s Registration Statement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 387.57 Td (Nos. 333-15379 and 333-27551 by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 377.57 Td (means of January13, 1998 Form8-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 367.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 344.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 397.57 Td (1/16/1998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 328.57 Td (4.6a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 295.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 328.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 328.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 328.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 318.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 295.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 327.2333984375 m 320.5224609375 327.2333984375 l s q 0 0 1 rg BT 187.50 328.57 Td (Seventh Supplemental Indenture ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 317.2333984375 m 284.1455078125 317.2333984375 l s q 0 0 1 rg BT 187.50 318.57 Td (dated as of May1, 2003) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 328.57 Td (4.1 to ) Tj ET Q q 0 0 0 rg BT 374.50 328.57 Td (APS) Tj ET Q q 0 0 0 rg BT 395.63 328.57 Td (s Registration Statement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 318.57 Td (No.333-90824 by means of May7,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 308.57 Td (2003 Form8-K Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 298.57 Td (No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 295.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 328.57 Td (5/9/2003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 279.57 Td (4.6b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 246.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 279.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 279.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 279.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 269.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 246.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 278.2333984375 m 339.1259765625 278.2333984375 l s q 0 0 1 rg BT 187.50 279.57 Td (Eighth Supplemental Indenture dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 268.2333984375 m 264.990234375 268.2333984375 l s q 0 0 1 rg BT 187.50 269.57 Td (as of June15, 2004) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 279.57 Td (4.1 to ) Tj ET Q q 0 0 0 rg BT 374.50 279.57 Td (APS) Tj ET Q q 0 0 0 rg BT 395.63 279.57 Td (s Registration Statement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 269.57 Td (No.333-106772 by means of June24,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 259.57 Td (2004 Form8-K Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 249.57 Td (No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 246.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 279.57 Td (6/28/2004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 230.57 Td (4.6c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 197.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 230.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 230.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 230.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 220.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 197.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 229.2333984375 m 335.2392578125 229.2333984375 l s q 0 0 1 rg BT 187.50 230.57 Td (Ninth Supplemental Indenture dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 219.2333984375 m 275 219.2333984375 l s q 0 0 1 rg BT 187.50 220.57 Td (as of ) Tj ET Q q 0 0 1 rg BT 208.61 220.57 Td (August15, 2005) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 230.57 Td (4.1 to ) Tj ET Q q 0 0 0 rg BT 374.50 230.57 Td (APS) Tj ET Q q 0 0 0 rg BT 395.63 230.57 Td (s Registration Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 220.57 Td (Nos. 333-106772 and 333-121512 by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 210.57 Td (means of ) Tj ET Q q 0 0 0 rg BT 388.10 210.57 Td (August17, 2005 Form8-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 200.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 197.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 230.57 Td (8/22/2005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 181.57 Td (4.6d) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 168.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 181.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 168.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 180.2333984375 m 335.087890625 180.2333984375 l s q 0 0 1 rg BT 187.50 181.57 Td (T) Tj ET Q q 0 0 1 rg BT 192.91 181.57 Td (enth Supplemental Indenture dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 170.2333984375 m 270 170.2333984375 l s q 0 0 1 rg BT 187.50 171.57 Td (as of ) Tj ET Q q 0 0 1 rg BT 208.61 171.57 Td (August1, 2006) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 181.57 Td (4.1 to ) Tj ET Q q 0 0 0 rg BT 374.50 181.57 Td (APS) Tj ET Q q 0 0 0 rg BT 395.63 181.57 Td (s July31, 2006 Form8-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 171.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 168.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 181.57 Td (8/3/2006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 152.57 Td (4.6e) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 129.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 152.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 152.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 152.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 142.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 129.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 151.2333984375 m 323.84765625 151.2333984375 l s q 0 0 1 rg BT 187.50 152.57 Td (Eleventh Supplemental Indenture ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 141.2333984375 m 306.9140625 141.2333984375 l s q 0 0 1 rg BT 187.50 142.57 Td (dated as of February26, 2009) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 151.67 Td (4.6e to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.06 151.67 Td (W) Tj ET Q q 0 0 0 rg BT 425.01 151.67 Td (est/APS 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 141.67 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 131.67 Td (and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 152.57 Td (2/20/2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 113.57 Td (4.6f) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 90.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 113.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 113.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 113.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 103.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 90.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 112.2333984375 m 319.2626953125 112.2333984375 l s q 0 0 1 rg BT 187.50 113.57 Td (T) Tj ET Q q 0 0 1 rg BT 192.91 113.57 Td (welfth Supplemental Indenture ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 102.2333984375 m 298.7841796875 102.2333984375 l s q 0 0 1 rg BT 187.50 103.57 Td (dated as of ) Tj ET Q q 0 0 1 rg BT 232.76 103.57 Td (August25, 201) Tj ET Q q 0 0 1 rg BT 293.78 103.57 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 112.67 Td (4.6f to Pinnacle ) Tj ET Q q 0 0 0 rg BT 414.95 112.67 Td (W) Tj ET Q q 0 0 0 rg BT 423.90 112.67 Td (est/APS 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 102.67 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 92.67 Td (and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 113.57 Td (2/20/2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 74.57 Td (4.6g) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 51.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 74.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 74.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 74.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 64.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 51.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 73.2333984375 m 329.9560546875 73.2333984375 l s q 0 0 1 rg BT 187.50 74.57 Td (Thirteenth Supplemental Indenture ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 63.2333984375 m 301.9140625 63.2333984375 l s q 0 0 1 rg BT 187.50 64.57 Td (dated as of January13, 2012) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 73.67 Td (4.6g to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.53 73.67 Td (W) Tj ET Q q 0 0 0 rg BT 425.17 73.67 Td (est/APS 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 63.67 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 53.67 Td (and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 74.57 Td (2/20/2015) Tj ET Q endstream endobj 381 0 obj <>] /Rotate 0 /Contents 382 0 R>> endobj 382 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (186) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 707.57 Td (4.6h) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 684.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 707.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 707.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 707.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 697.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 684.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 706.2333984375 m 331.630859375 706.2333984375 l s q 0 0 1 rg BT 187.50 707.57 Td (Fourteenth Supplemental Indenture ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 696.2333984375 m 301.9140625 696.2333984375 l s q 0 0 1 rg BT 187.50 697.57 Td (dated as of January10, 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 706.67 Td (4.6h to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 706.67 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 706.67 Td (est/APS 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 696.67 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 686.67 Td (and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 707.57 Td (2/20/2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 668.57 Td (4.6i) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 645.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 668.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 668.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 668.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 658.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 645.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 667.2333984375 m 324.4091796875 667.2333984375 l s q 0 0 1 rg BT 187.50 668.57 Td (Fifteenth Supplemental Indenture ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 657.2333984375 m 289.1455078125 657.2333984375 l s q 0 0 1 rg BT 187.50 658.57 Td (dated as of June18, 2014) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 667.67 Td (4.6i to Pinnacle ) Tj ET Q q 0 0 0 rg BT 414.40 667.67 Td (W) Tj ET Q q 0 0 0 rg BT 423.35 667.67 Td (est/APS 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 657.67 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 647.67 Td (and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 668.57 Td (2/20/2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 629.57 Td (4.6j) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 606.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 629.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 629.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 629.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 619.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 606.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 628.2333984375 m 326.0791015625 628.2333984375 l s q 0 0 1 rg BT 187.50 629.57 Td (Sixteenth Supplemental Indenture ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 618.2333984375 m 301.9140625 618.2333984375 l s q 0 0 1 rg BT 187.50 619.57 Td (dated as of January 12, 2015) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 628.67 Td (4.6j to Pinnacle ) Tj ET Q q 0 0 0 rg BT 414.40 628.67 Td (W) Tj ET Q q 0 0 0 rg BT 423.35 628.67 Td (est/APS 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 618.67 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 608.67 Td (and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 629.57 Td (2/20/2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 590.57 Td (4.6k) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 590.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 590.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 590.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 580.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 567.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 589.2333984375 m 337.177734375 589.2333984375 l s q 0 0 1 rg BT 187.50 590.57 Td (Seventeenth Supplemental Indenture ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 579.2333984375 m 289.1455078125 579.2333984375 l s q 0 0 1 rg BT 187.50 580.57 Td (dated as of May 19, 2015) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 589.67 Td (4.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 411.62 589.67 Td (W) Tj ET Q q 0 0 0 rg BT 420.57 589.67 Td (est/APS May 14,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 579.67 Td (2015 Form8-K Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 569.67 Td (1-8962 and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 590.57 Td (5/19/2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 551.57 Td (4.6l) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 528.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 551.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 551.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 551.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 541.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 528.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 550.2333984375 m 331.6259765625 550.2333984375 l s q 0 0 1 rg BT 187.50 551.57 Td (Eighteenth Supplemental Indenture ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 540.2333984375 m 308.0224609375 540.2333984375 l s q 0 0 1 rg BT 187.50 541.57 Td (dated as of November 6, 2015) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 550.67 Td (4.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 411.62 550.67 Td (W) Tj ET Q q 0 0 0 rg BT 420.57 550.67 Td (est/APS November) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 540.67 Td (3, 2015 Form8-K Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 530.67 Td (1-8962 and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 551.57 Td (1) Tj ET Q q 0 0 0 rg BT 520.71 551.57 Td (1/6/2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 512.57 Td (4.6m) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 489.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 512.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 512.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 512.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 502.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 489.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 511.2333984375 m 332.177734375 511.2333984375 l s q 0 0 1 rg BT 187.50 512.57 Td (Nineteenth Supplemental Indenture ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 501.2333984375 m 284.1455078125 501.2333984375 l s q 0 0 1 rg BT 187.50 502.57 Td (dated as of May6, 2016) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 511.67 Td (4.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 411.62 511.67 Td (W) Tj ET Q q 0 0 0 rg BT 420.57 511.67 Td (est/APS May 3,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 501.67 Td (2016 Form8-K Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 491.67 Td (1-8962 and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 512.57 Td (5/6/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 473.57 Td (4.6n) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 473.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 473.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 473.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 463.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 450.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 472.2333984375 m 328.1494140625 472.2333984375 l s q 0 0 1 rg BT 187.50 473.57 Td (T) Tj ET Q q 0 0 1 rg BT 192.91 473.57 Td (wentieth Supplemental Indenture ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 462.2333984375 m 313.5791015625 462.2333984375 l s q 0 0 1 rg BT 187.50 463.57 Td (dated as of September 20, 2016) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 472.67 Td (4.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 411.62 472.67 Td (W) Tj ET Q q 0 0 0 rg BT 420.57 472.67 Td (est/APS September) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 462.67 Td (15, 2016 Form8-K Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 452.67 Td (1-8962 and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 473.57 Td (9/20/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 434.57 Td (4.6o) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 434.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 434.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 434.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 424.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 411.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 433.2333984375 m 339.82421875 433.2333984375 l s q 0 0 1 rg BT 187.50 434.57 Td (T) Tj ET Q q 0 0 1 rg BT 192.91 434.57 Td (wenty-First Supplemental Indenture ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 423.2333984375 m 313.2080078125 423.2333984375 l s q 0 0 1 rg BT 187.50 424.57 Td (dated as of September 1) Tj ET Q q 0 0 1 rg BT 283.21 424.57 Td (1, 2017) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 433.67 Td (4.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 411.53 433.67 Td (W) Tj ET Q q 0 0 0 rg BT 420.17 433.67 Td (est/APS September) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 423.67 Td (1) Tj ET Q q 0 0 0 rg BT 354.13 423.67 Td (1, 2017 Form8-K Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 413.67 Td (1-8962 and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 434.57 Td (9/1) Tj ET Q q 0 0 0 rg BT 528.49 434.57 Td (1/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 395.57 Td (4.7) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 362.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 395.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 395.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 395.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 362.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 394.2333984375 m 314.1357421875 394.2333984375 l s q 0 0 1 rg BT 187.50 395.57 Td (Second ) Tj ET Q q 0 0 1 rg BT 218.89 395.57 Td (Amended and Restated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 384.2333984375 m 328.7060546875 384.2333984375 l s q 0 0 1 rg BT 187.50 385.57 Td (Pinnacle) Tj ET Q q 0 0 1 rg BT 224.25 385.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 385.57 Td (est Capital Corporation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 374.2333984375 m 338.017578125 374.2333984375 l s q 0 0 1 rg BT 187.50 375.57 Td (Investors ) Tj ET Q q 0 0 1 rg BT 226.11 375.57 Td (Advantage Plan dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 364.2333984375 m 243.330078125 364.2333984375 l s q 0 0 1 rg BT 187.50 365.57 Td (June23, 2004) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 395.57 Td (4.4 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 411.62 395.57 Td (W) Tj ET Q q 0 0 0 rg BT 420.57 395.57 Td (est) Tj ET Q q 0 0 0 rg BT 434.33 395.57 Td (s June23, 2004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 385.57 Td (Form8-K Report, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 362.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 395.57 Td (8/9/2004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 346.57 Td (4.7a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 313.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 346.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 346.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 346.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 313.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 345.2333984375 m 306.9140625 345.2333984375 l s q 0 0 1 rg BT 187.50 346.57 Td (Third ) Tj ET Q q 0 0 1 rg BT 211.67 346.57 Td (Amended and Restated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 335.2333984375 m 328.7060546875 335.2333984375 l s q 0 0 1 rg BT 187.50 336.57 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 336.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 336.57 Td (est Capital Corporation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 325.2333984375 m 338.017578125 325.2333984375 l s q 0 0 1 rg BT 187.50 326.57 Td (Investors ) Tj ET Q q 0 0 1 rg BT 226.11 326.57 Td (Advantage Plan dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 315.2333984375 m 267.20703125 315.2333984375 l s q 0 0 1 rg BT 187.50 316.57 Td (November25, 2008) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 346.57 Td (4.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 411.62 346.57 Td (W) Tj ET Q q 0 0 0 rg BT 420.57 346.57 Td (est) Tj ET Q q 0 0 0 rg BT 434.33 346.57 Td (s FormS-3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 336.57 Td (Registration Statement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 326.57 Td (No.333-155641, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 313.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.40 346.57 Td (1) Tj ET Q q 0 0 0 rg BT 518.21 346.57 Td (1/25/2008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 297.57 Td (4.8) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 254.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 297.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 297.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 297.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 254.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 297.57 Td (Agreement, dated March29, 1988,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 287.57 Td (relating to the filing of instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 277.57 Td (defining the rights of holders of long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 267.57 Td (term debt not in excess of 10% of the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 257.57 Td (Company) Tj ET Q q 0 0 0 rg BT 229.44 257.57 Td (s total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 297.57 Td (4.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 411.62 297.57 Td (W) Tj ET Q q 0 0 0 rg BT 420.57 297.57 Td (est) Tj ET Q q 0 0 0 rg BT 434.33 297.57 Td (s 1987 Form10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 287.57 Td (K Report, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 254.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 297.57 Td (3/30/1988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 238.57 Td (4.8a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 195.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 238.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 238.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 238.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 228.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 195.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 237.2333984375 m 329.677734375 237.2333984375 l s q 0 0 1 rg BT 187.50 238.57 Td (Agreement, dated March21, 1994, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 227.2333984375 m 329.697265625 227.2333984375 l s q 0 0 1 rg BT 187.50 228.57 Td (relating to the filing of instruments ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 217.2333984375 m 337.2119140625 217.2333984375 l s q 0 0 1 rg BT 187.50 218.57 Td (defining the rights of holders of ) Tj ET Q q 0 0 1 rg BT 316.37 218.57 Td (APS ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 207.2333984375 m 334.9658203125 207.2333984375 l s q 0 0 1 rg BT 187.50 208.57 Td (long-term debt not in excess of 10% ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 197.2333984375 m 268.896484375 197.2333984375 l s q 0 0 1 rg BT 187.50 198.57 Td (of ) Tj ET Q q 0 0 1 rg BT 197.78 198.57 Td (APS) Tj ET Q q 0 0 1 rg BT 218.90 198.57 Td (s total assets) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 238.57 Td (4.1 to ) Tj ET Q q 0 0 0 rg BT 374.50 238.57 Td (APS) Tj ET Q q 0 0 0 rg BT 395.63 238.57 Td (s 1993 Form10-K Report,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 228.57 Td (File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 195.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 238.57 Td (3/30/1994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 179.57 Td (10.1.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 126.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 179.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 179.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 179.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 169.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 126.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 179.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.26 179.57 Td (wo separate Decommissioning ) Tj ET Q q 0 0 0 rg BT 318.07 179.57 Td (T) Tj ET Q q 0 0 0 rg BT 323.91 179.57 Td (rust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 169.57 Td (Agreements \(relating to PVGS Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 159.57 Td (1 and 3, respectively\), each dated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 149.57 Td (July1, 1991, between ) Tj ET Q q 0 0 0 rg BT 277.21 149.57 Td (APS and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 139.57 Td (Mellon Bank, N.A., as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 129.57 Td (Decommissioning ) Tj ET Q q 0 0 0 rg BT 262.68 129.57 Td (T) Tj ET Q q 0 0 0 rg BT 268.53 129.57 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 179.57 Td (10.2 to ) Tj ET Q q 0 0 0 rg BT 379.50 179.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 179.57 Td (s September30, 1991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 169.57 Td (Form10-Q Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 126.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.40 179.57 Td (1) Tj ET Q q 0 0 0 rg BT 518.21 179.57 Td (1/14/1991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 110.57 Td (10.1.1a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 77.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 110.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 110.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 110.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 100.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 77.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 109.2333984375 m 274.43359375 109.2333984375 l s q 0 0 1 rg BT 187.50 110.57 Td (Amendment No.1 to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 99.2333984375 m 332.2216796875 99.2333984375 l s q 0 0 1 rg BT 187.50 100.57 Td (Decommissioning ) Tj ET Q q 0 0 1 rg BT 262.59 100.57 Td (T) Tj ET Q q 0 0 1 rg BT 268.35 100.57 Td (rust ) Tj ET Q q 0 0 1 rg BT 285.30 100.57 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 89.2333984375 m 298.3203125 89.2333984375 l s q 0 0 1 rg BT 187.50 90.57 Td (\(PVGS Unit 1\), dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 79.2333984375 m 261.083984375 79.2333984375 l s q 0 0 1 rg BT 187.50 80.57 Td (December1, 1994) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 110.57 Td (10.1 to ) Tj ET Q q 0 0 0 rg BT 379.23 110.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.35 110.57 Td (s 1994 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 100.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 77.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 110.57 Td (3/30/1995) Tj ET Q endstream endobj 383 0 obj <>] /Rotate 0 /Contents 384 0 R>> endobj 384 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (187) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 711.57 Td (10.1.1b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 678.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 711.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 711.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 701.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 678.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 710.2333984375 m 274.43359375 710.2333984375 l s q 0 0 1 rg BT 187.50 711.57 Td (Amendment No.1 to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 700.2333984375 m 332.2216796875 700.2333984375 l s q 0 0 1 rg BT 187.50 701.57 Td (Decommissioning ) Tj ET Q q 0 0 1 rg BT 262.59 701.57 Td (T) Tj ET Q q 0 0 1 rg BT 268.35 701.57 Td (rust ) Tj ET Q q 0 0 1 rg BT 285.30 701.57 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 690.2333984375 m 298.3203125 690.2333984375 l s q 0 0 1 rg BT 187.50 691.57 Td (\(PVGS Unit 3\), dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 680.2333984375 m 261.083984375 680.2333984375 l s q 0 0 1 rg BT 187.50 681.57 Td (December1, 1994) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 711.57 Td (10.2 to ) Tj ET Q q 0 0 0 rg BT 379.50 711.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 711.57 Td (s 1994 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 701.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 678.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 711.57 Td (3/30/1995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 662.57 Td (10.1.1c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 629.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 662.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 662.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 662.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 652.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 629.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 661.2333984375 m 294.7265625 661.2333984375 l s q 0 0 1 rg BT 187.50 662.57 Td (Amendment No.2 to ) Tj ET Q q 0 0 1 rg BT 273.88 662.57 Td (APS ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 651.2333984375 m 332.2216796875 651.2333984375 l s q 0 0 1 rg BT 187.50 652.57 Td (Decommissioning ) Tj ET Q q 0 0 1 rg BT 262.59 652.57 Td (T) Tj ET Q q 0 0 1 rg BT 268.35 652.57 Td (rust ) Tj ET Q q 0 0 1 rg BT 285.30 652.57 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 641.2333984375 m 324.990234375 641.2333984375 l s q 0 0 1 rg BT 187.50 642.57 Td (\(PVGS Unit 1\) dated as of July1, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 631.2333984375 m 207.5 631.2333984375 l s q 0 0 1 rg BT 187.50 632.57 Td (1991) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 662.57 Td (10.4 to ) Tj ET Q q 0 0 0 rg BT 379.50 662.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 662.57 Td (s 1996 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 652.57 Td (Report , File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 629.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 662.57 Td (3/28/1997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 613.57 Td (10.1.1d) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 580.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 613.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 613.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 613.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 603.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 580.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 612.2333984375 m 294.7265625 612.2333984375 l s q 0 0 1 rg BT 187.50 613.57 Td (Amendment No.2 to ) Tj ET Q q 0 0 1 rg BT 273.88 613.57 Td (APS ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 602.2333984375 m 332.2216796875 602.2333984375 l s q 0 0 1 rg BT 187.50 603.57 Td (Decommissioning ) Tj ET Q q 0 0 1 rg BT 262.59 603.57 Td (T) Tj ET Q q 0 0 1 rg BT 268.35 603.57 Td (rust ) Tj ET Q q 0 0 1 rg BT 285.30 603.57 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 592.2333984375 m 324.990234375 592.2333984375 l s q 0 0 1 rg BT 187.50 593.57 Td (\(PVGS Unit 3\) dated as of July1, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 582.2333984375 m 207.5 582.2333984375 l s q 0 0 1 rg BT 187.50 583.57 Td (1991) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 613.57 Td (10.6 to ) Tj ET Q q 0 0 0 rg BT 379.50 613.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 613.57 Td (s 1996 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 603.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 580.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 613.57 Td (3/28/1997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 564.57 Td (10.1.1e) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 531.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 564.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 564.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 564.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 554.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 531.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 563.2333984375 m 289.150390625 563.2333984375 l s q 0 0 1 rg BT 187.50 564.57 Td (Amendment No.3 to the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 553.2333984375 m 332.2216796875 553.2333984375 l s q 0 0 1 rg BT 187.50 554.57 Td (Decommissioning ) Tj ET Q q 0 0 1 rg BT 262.59 554.57 Td (T) Tj ET Q q 0 0 1 rg BT 268.35 554.57 Td (rust ) Tj ET Q q 0 0 1 rg BT 285.30 554.57 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 543.2333984375 m 341.9189453125 543.2333984375 l s q 0 0 1 rg BT 187.50 544.57 Td (\(PVGS Unit 1\), dated as of March18, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 533.2333984375 m 207.5 533.2333984375 l s q 0 0 1 rg BT 187.50 534.57 Td (2002) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 564.57 Td (10.2 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 564.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 564.57 Td (est) Tj ET Q q 0 0 0 rg BT 439.33 564.57 Td (s March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 554.57 Td (2002 Form10-Q Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 544.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 531.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 564.57 Td (5/15/2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 515.57 Td (10.1.1f) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 482.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 515.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 515.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 515.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 505.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 482.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 514.2333984375 m 289.150390625 514.2333984375 l s q 0 0 1 rg BT 187.50 515.57 Td (Amendment No.3 to the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 504.2333984375 m 332.2216796875 504.2333984375 l s q 0 0 1 rg BT 187.50 505.57 Td (Decommissioning ) Tj ET Q q 0 0 1 rg BT 262.59 505.57 Td (T) Tj ET Q q 0 0 1 rg BT 268.35 505.57 Td (rust ) Tj ET Q q 0 0 1 rg BT 285.30 505.57 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 494.2333984375 m 341.9189453125 494.2333984375 l s q 0 0 1 rg BT 187.50 495.57 Td (\(PVGS Unit 3\), dated as of March18, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 484.2333984375 m 207.5 484.2333984375 l s q 0 0 1 rg BT 187.50 485.57 Td (2002) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 515.57 Td (10.4 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 515.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 515.57 Td (est) Tj ET Q q 0 0 0 rg BT 439.33 515.57 Td (s March2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 505.57 Td (Form10-Q Report, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 482.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 515.57 Td (5/15/2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 466.57 Td (10.1.1g) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 433.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 466.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 466.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 466.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 456.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 433.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 465.2333984375 m 289.150390625 465.2333984375 l s q 0 0 1 rg BT 187.50 466.57 Td (Amendment No.4 to the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 455.2333984375 m 332.2216796875 455.2333984375 l s q 0 0 1 rg BT 187.50 456.57 Td (Decommissioning ) Tj ET Q q 0 0 1 rg BT 262.59 456.57 Td (T) Tj ET Q q 0 0 1 rg BT 268.35 456.57 Td (rust ) Tj ET Q q 0 0 1 rg BT 285.30 456.57 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 445.2333984375 m 298.3203125 445.2333984375 l s q 0 0 1 rg BT 187.50 446.57 Td (\(PVGS Unit1\), dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 435.2333984375 m 266.083984375 435.2333984375 l s q 0 0 1 rg BT 187.50 436.57 Td (December19, 2003) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 466.57 Td (10.3 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 466.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 466.57 Td (est) Tj ET Q q 0 0 0 rg BT 439.33 466.57 Td (s 2003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 456.57 Td (Form10-K Report, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 433.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 466.57 Td (3/15/2004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 417.57 Td (10.1.1h) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 384.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 417.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 417.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 417.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 407.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 384.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 416.2333984375 m 289.150390625 416.2333984375 l s q 0 0 1 rg BT 187.50 417.57 Td (Amendment No.4 to the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 406.2333984375 m 332.2216796875 406.2333984375 l s q 0 0 1 rg BT 187.50 407.57 Td (Decommissioning ) Tj ET Q q 0 0 1 rg BT 262.59 407.57 Td (T) Tj ET Q q 0 0 1 rg BT 268.35 407.57 Td (rust ) Tj ET Q q 0 0 1 rg BT 285.30 407.57 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 396.2333984375 m 298.3203125 396.2333984375 l s q 0 0 1 rg BT 187.50 397.57 Td (\(PVGS Unit3\), dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 386.2333984375 m 266.083984375 386.2333984375 l s q 0 0 1 rg BT 187.50 387.57 Td (December19, 2003) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 417.57 Td (10.5 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 417.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 417.57 Td (est) Tj ET Q q 0 0 0 rg BT 439.33 417.57 Td (s 2003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 407.57 Td (Form10-K Report, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 384.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 417.57 Td (3/15/2004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 368.57 Td (10.1.1i) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 335.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 368.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 368.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 368.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 358.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 335.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 367.2333984375 m 289.150390625 367.2333984375 l s q 0 0 1 rg BT 187.50 368.57 Td (Amendment No.5 to the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 357.2333984375 m 332.2216796875 357.2333984375 l s q 0 0 1 rg BT 187.50 358.57 Td (Decommissioning ) Tj ET Q q 0 0 1 rg BT 262.59 358.57 Td (T) Tj ET Q q 0 0 1 rg BT 268.35 358.57 Td (rust ) Tj ET Q q 0 0 1 rg BT 285.30 358.57 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 347.2333984375 m 329.150390625 347.2333984375 l s q 0 0 1 rg BT 187.50 348.57 Td (\(PVGS Unit1\), dated as of May1, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 337.2333984375 m 207.5 337.2333984375 l s q 0 0 1 rg BT 187.50 338.57 Td (2007) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 368.57 Td (10.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 368.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 368.57 Td (est/APS March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 358.57 Td (2007 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 348.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 335.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 368.57 Td (5/9/2007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 319.57 Td (10.1.1j) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 286.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 319.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 319.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 319.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 309.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 286.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 318.2333984375 m 289.150390625 318.2333984375 l s q 0 0 1 rg BT 187.50 319.57 Td (Amendment No.5 to the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 308.2333984375 m 332.2216796875 308.2333984375 l s q 0 0 1 rg BT 187.50 309.57 Td (Decommissioning ) Tj ET Q q 0 0 1 rg BT 262.59 309.57 Td (T) Tj ET Q q 0 0 1 rg BT 268.35 309.57 Td (rust ) Tj ET Q q 0 0 1 rg BT 285.30 309.57 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 298.2333984375 m 329.150390625 298.2333984375 l s q 0 0 1 rg BT 187.50 299.57 Td (\(PVGS Unit3\), dated as of May1, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 288.2333984375 m 207.5 288.2333984375 l s q 0 0 1 rg BT 187.50 289.57 Td (2007) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 319.57 Td (10.2 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 319.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 319.57 Td (est/APS March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 309.57 Td (2007 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 299.57 Td (1-8962 and 104473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 286.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 319.57 Td (5/9/2007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 270.57 Td (10.1.2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 137.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 270.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 270.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 270.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 260.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 137.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 270.57 Td (Amended and Restated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 260.57 Td (Decommissioning ) Tj ET Q q 0 0 0 rg BT 262.68 260.57 Td (T) Tj ET Q q 0 0 0 rg BT 268.53 260.57 Td (rust ) Tj ET Q q 0 0 0 rg BT 285.57 260.57 Td (Agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 250.57 Td (\(PVGS Unit 2\) dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 240.57 Td (January31, 1992, among ) Tj ET Q q 0 0 0 rg BT 290.54 240.57 Td (APS,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 230.57 Td (Mellon Bank, N.A., as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 220.57 Td (Decommissioning ) Tj ET Q q 0 0 0 rg BT 262.68 220.57 Td (T) Tj ET Q q 0 0 0 rg BT 268.53 220.57 Td (rustee, and State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 210.57 Td (Street Bank and ) Tj ET Q q 0 0 0 rg BT 253.78 210.57 Td (T) Tj ET Q q 0 0 0 rg BT 259.62 210.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 315.51 210.57 Td (, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 200.57 Td (successor to ) Tj ET Q q 0 0 0 rg BT 238.51 200.57 Td (The First National Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 190.57 Td (of Boston, as Owner ) Tj ET Q q 0 0 0 rg BT 272.12 190.57 Td (T) Tj ET Q q 0 0 0 rg BT 277.96 190.57 Td (rustee under) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 180.57 Td (two separate ) Tj ET Q q 0 0 0 rg BT 240.16 180.57 Td (T) Tj ET Q q 0 0 0 rg BT 246.01 180.57 Td (rust ) Tj ET Q q 0 0 0 rg BT 263.05 180.57 Td (Agreements, each) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 170.57 Td (with a separate Equity Participant,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 160.57 Td (and as Lessor under two separate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 150.57 Td (Facility Leases, each relating to an) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 140.57 Td (undivided interest in PVGS Unit 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 270.57 Td (10.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 270.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 270.57 Td (est) Tj ET Q q 0 0 0 rg BT 439.33 270.57 Td (s 1991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 260.57 Td (Form10-K Report, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 137.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 270.57 Td (3/26/1992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 121.57 Td (10.1.2a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 88.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 121.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 121.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 121.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 111.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 88.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 121.57 Td (First ) Tj ET Q q 0 0 0 rg BT 208.06 121.57 Td (Amendment to ) Tj ET Q q 0 0 0 rg BT 269.72 121.57 Td (Amended and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 111.57 Td (Restated Decommissioning ) Tj ET Q q 0 0 0 rg BT 299.62 111.57 Td (T) Tj ET Q q 0 0 0 rg BT 305.46 111.57 Td (rust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 101.57 Td (Agreement \(PVGS Unit 2\), dated as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 91.57 Td (of November1, 1992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 121.57 Td (10.2 to ) Tj ET Q q 0 0 0 rg BT 379.23 121.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.35 121.57 Td (s 1992 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 111.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 88.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 121.57 Td (3/30/1993) Tj ET Q endstream endobj 385 0 obj <>] /Rotate 0 /Contents 386 0 R>> endobj 386 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (188) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 711.57 Td (10.1.2b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 678.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 711.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 711.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 701.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 678.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 710.2333984375 m 332.197265625 710.2333984375 l s q 0 0 1 rg BT 187.50 711.57 Td (Amendment No.2 to ) Tj ET Q q 0 0 1 rg BT 273.88 711.57 Td (Amended and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 700.2333984375 m 322.783203125 700.2333984375 l s q 0 0 1 rg BT 187.50 701.57 Td (Restated Decommissioning ) Tj ET Q q 0 0 1 rg BT 299.53 701.57 Td (T) Tj ET Q q 0 0 1 rg BT 305.28 701.57 Td (rust ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 690.2333984375 m 334.4140625 690.2333984375 l s q 0 0 1 rg BT 187.50 691.57 Td (Agreement \(PVGS Unit 2\), dated as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 680.2333984375 m 273.037109375 680.2333984375 l s q 0 0 1 rg BT 187.50 681.57 Td (of November1, 1994) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 711.57 Td (10.3 to ) Tj ET Q q 0 0 0 rg BT 379.50 711.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 711.57 Td (s 1994 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 701.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 678.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 711.57 Td (3/30/1995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 662.57 Td (10.1.2c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 629.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 662.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 662.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 662.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 652.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 629.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 661.2333984375 m 332.197265625 661.2333984375 l s q 0 0 1 rg BT 187.50 662.57 Td (Amendment No.3 to ) Tj ET Q q 0 0 1 rg BT 273.88 662.57 Td (Amended and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 651.2333984375 m 322.783203125 651.2333984375 l s q 0 0 1 rg BT 187.50 652.57 Td (Restated Decommissioning ) Tj ET Q q 0 0 1 rg BT 299.53 652.57 Td (T) Tj ET Q q 0 0 1 rg BT 305.28 652.57 Td (rust ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 641.2333984375 m 334.4140625 641.2333984375 l s q 0 0 1 rg BT 187.50 642.57 Td (Agreement \(PVGS Unit 2\), dated as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 631.2333984375 m 254.16015625 631.2333984375 l s q 0 0 1 rg BT 187.50 632.57 Td (of June20, 1996) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 662.57 Td (10.1 to ) Tj ET Q q 0 0 0 rg BT 379.50 662.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 662.57 Td (s June30, 1996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 652.57 Td (Form10-Q Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 629.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 662.57 Td (8/9/1996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 613.57 Td (10.1.2d) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 580.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 613.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 613.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 613.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 603.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 580.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 612.2333984375 m 332.197265625 612.2333984375 l s q 0 0 1 rg BT 187.50 613.57 Td (Amendment No.4 to ) Tj ET Q q 0 0 1 rg BT 273.88 613.57 Td (Amended and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 602.2333984375 m 322.783203125 602.2333984375 l s q 0 0 1 rg BT 187.50 603.57 Td (Restated Decommissioning ) Tj ET Q q 0 0 1 rg BT 299.53 603.57 Td (T) Tj ET Q q 0 0 1 rg BT 305.28 603.57 Td (rust ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 592.2333984375 m 331.9140625 592.2333984375 l s q 0 0 1 rg BT 187.50 593.57 Td (Agreement \(PVGS Unit 2\) dated as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 582.2333984375 m 276.9140625 582.2333984375 l s q 0 0 1 rg BT 187.50 583.57 Td (of December16, 1996) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 613.57 Td (APS 10.5 to ) Tj ET Q q 0 0 0 rg BT 400.35 613.57 Td (APS) Tj ET Q q 0 0 0 rg BT 421.47 613.57 Td (s 1996 Form10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 603.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 580.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 613.57 Td (3/28/1997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 564.57 Td (10.1.2e) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 531.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 564.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 564.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 564.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 554.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 531.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 563.2333984375 m 329.9755859375 563.2333984375 l s q 0 0 1 rg BT 187.50 564.57 Td (Amendment No.5 to the ) Tj ET Q q 0 0 1 rg BT 288.60 564.57 Td (Amended ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 553.2333984375 m 339.7216796875 553.2333984375 l s q 0 0 1 rg BT 187.50 554.57 Td (and Restated Decommissioning ) Tj ET Q q 0 0 1 rg BT 316.46 554.57 Td (T) Tj ET Q q 0 0 1 rg BT 322.22 554.57 Td (rust ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 543.2333984375 m 334.4140625 543.2333984375 l s q 0 0 1 rg BT 187.50 544.57 Td (Agreement \(PVGS Unit 2\), dated as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 533.2333984375 m 254.16015625 533.2333984375 l s q 0 0 1 rg BT 187.50 534.57 Td (of June30, 2000) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 564.57 Td (10.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 564.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 564.57 Td (est) Tj ET Q q 0 0 0 rg BT 439.33 564.57 Td (s March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 554.57 Td (2002 Form10-Q Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 544.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 531.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 564.57 Td (5/15/2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 515.57 Td (10.1.2f) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 482.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 515.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 515.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 515.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 505.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 482.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 514.2333984375 m 329.9755859375 514.2333984375 l s q 0 0 1 rg BT 187.50 515.57 Td (Amendment No.6 to the ) Tj ET Q q 0 0 1 rg BT 288.60 515.57 Td (Amended ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 504.2333984375 m 339.7216796875 504.2333984375 l s q 0 0 1 rg BT 187.50 505.57 Td (and Restated Decommissioning ) Tj ET Q q 0 0 1 rg BT 316.46 505.57 Td (T) Tj ET Q q 0 0 1 rg BT 322.22 505.57 Td (rust ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 494.2333984375 m 334.4140625 494.2333984375 l s q 0 0 1 rg BT 187.50 495.57 Td (Agreement \(PVGS Unit2\), dated as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 484.2333984375 m 261.9287109375 484.2333984375 l s q 0 0 1 rg BT 187.50 485.57 Td (of March18, 2002) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 515.57 Td (10.3 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 515.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 515.57 Td (est) Tj ET Q q 0 0 0 rg BT 439.33 515.57 Td (s March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 505.57 Td (2002 Form10-Q Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 495.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 482.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 515.57 Td (5/15/2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 466.57 Td (10.1.2g) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 433.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 466.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 466.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 466.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 456.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 433.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 465.2333984375 m 329.9755859375 465.2333984375 l s q 0 0 1 rg BT 187.50 466.57 Td (Amendment No.7 to the ) Tj ET Q q 0 0 1 rg BT 288.60 466.57 Td (Amended ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 455.2333984375 m 339.7216796875 455.2333984375 l s q 0 0 1 rg BT 187.50 456.57 Td (and Restated Decommissioning ) Tj ET Q q 0 0 1 rg BT 316.46 456.57 Td (T) Tj ET Q q 0 0 1 rg BT 322.22 456.57 Td (rust ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 445.2333984375 m 334.4140625 445.2333984375 l s q 0 0 1 rg BT 187.50 446.57 Td (Agreement \(PVGS Unit2\), dated as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 435.2333984375 m 276.9140625 435.2333984375 l s q 0 0 1 rg BT 187.50 436.57 Td (of December19, 2003) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 466.57 Td (10.4 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 466.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 466.57 Td (est) Tj ET Q q 0 0 0 rg BT 439.33 466.57 Td (s 2003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 456.57 Td (Form10-K Report, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 433.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 466.57 Td (3/15/2004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 417.57 Td (10.1.2h) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 384.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 417.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 417.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 417.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 407.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 384.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 416.2333984375 m 329.9755859375 416.2333984375 l s q 0 0 1 rg BT 187.50 417.57 Td (Amendment No.8 to the ) Tj ET Q q 0 0 1 rg BT 288.60 417.57 Td (Amended ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 406.2333984375 m 339.7216796875 406.2333984375 l s q 0 0 1 rg BT 187.50 407.57 Td (and Restated Decommissioning ) Tj ET Q q 0 0 1 rg BT 316.46 407.57 Td (T) Tj ET Q q 0 0 1 rg BT 322.22 407.57 Td (rust ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 396.2333984375 m 334.4140625 396.2333984375 l s q 0 0 1 rg BT 187.50 397.57 Td (Agreement \(PVGS Unit2\), dated as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 386.2333984375 m 251.38671875 386.2333984375 l s q 0 0 1 rg BT 187.50 387.57 Td (of ) Tj ET Q q 0 0 1 rg BT 197.78 387.57 Td (April1, 2007) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 417.57 Td (10.1.2h to Pinnacle ) Tj ET Q q 0 0 0 rg BT 429.12 417.57 Td (W) Tj ET Q q 0 0 0 rg BT 438.07 417.57 Td (est) Tj ET Q q 0 0 0 rg BT 451.83 417.57 Td (s 2007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 407.57 Td (Form10-K Report, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 384.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 417.57 Td (2/27/2008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 368.57 Td (10.2.1) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 371.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 305.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 368.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 368.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 368.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 358.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 305.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 368.57 Td (Arizona Public Service Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 358.57 Td (Deferred Compensation Plan, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 348.57 Td (restated, ef) Tj ET Q q 0 0 0 rg BT 231.27 348.57 Td (fective January1, 1984,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 338.57 Td (and the second and third amendments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 328.57 Td (thereto, dated December22, 1986,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 318.57 Td (and December23, 1987, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 368.57 Td (10.4 to ) Tj ET Q q 0 0 0 rg BT 379.50 368.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 368.57 Td (s 1988 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 358.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 305.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 368.57 Td (3/8/1989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 289.57 Td (10.2.1a) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 292.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 256.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 289.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 289.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 289.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 279.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 256.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 288.2333984375 m 322.7490234375 288.2333984375 l s q 0 0 1 rg BT 187.50 289.57 Td (Third ) Tj ET Q q 0 0 1 rg BT 211.67 289.57 Td (Amendment to the ) Tj ET Q q 0 0 1 rg BT 288.04 289.57 Td (Arizona ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 278.2333984375 m 327.4560546875 278.2333984375 l s q 0 0 1 rg BT 187.50 279.57 Td (Public Service Company Deferred ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 268.2333984375 m 329.501953125 268.2333984375 l s q 0 0 1 rg BT 187.50 269.57 Td (Compensation Plan, ef) Tj ET Q q 0 0 1 rg BT 278.14 269.57 Td (fective as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 258.2333984375 m 251.0986328125 258.2333984375 l s q 0 0 1 rg BT 187.50 259.57 Td (January1, 1993) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 289.57 Td (10.3A) Tj ET Q q 0 0 0 rg BT 373.95 289.57 Td ( to ) Tj ET Q q 0 0 0 rg BT 386.17 289.57 Td (APS) Tj ET Q q 0 0 0 rg BT 407.30 289.57 Td (s 1993 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 279.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 256.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 289.57 Td (3/30/1994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 240.57 Td (10.2.1b) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 82.50 243.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 207.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 240.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 240.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 240.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 230.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 207.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 239.2333984375 m 327.2021484375 239.2333984375 l s q 0 0 1 rg BT 187.50 240.57 Td (Fourth ) Tj ET Q q 0 0 1 rg BT 216.12 240.57 Td (Amendment to the ) Tj ET Q q 0 0 1 rg BT 292.50 240.57 Td (Arizona ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 229.2333984375 m 327.4560546875 229.2333984375 l s q 0 0 1 rg BT 187.50 230.57 Td (Public Service Company Deferred ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 219.2333984375 m 327.001953125 219.2333984375 l s q 0 0 1 rg BT 187.50 220.57 Td (Compensation Plan ef) Tj ET Q q 0 0 1 rg BT 275.64 220.57 Td (fective as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 209.2333984375 m 238.330078125 209.2333984375 l s q 0 0 1 rg BT 187.50 210.57 Td (May1, 1993) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 240.57 Td (10.2 to ) Tj ET Q q 0 0 0 rg BT 379.50 240.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 240.57 Td (s September30, 1994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 230.57 Td (Form10-Q Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 207.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.40 240.57 Td (1) Tj ET Q q 0 0 0 rg BT 518.21 240.57 Td (1/10/1994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 191.57 Td (10.2.1c) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 194.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 158.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 191.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 191.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 191.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 181.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 158.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 190.2333984375 m 319.98046875 190.2333984375 l s q 0 0 1 rg BT 187.50 191.57 Td (Fifth ) Tj ET Q q 0 0 1 rg BT 208.90 191.57 Td (Amendment to the ) Tj ET Q q 0 0 1 rg BT 285.27 191.57 Td (Arizona ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 180.2333984375 m 327.4560546875 180.2333984375 l s q 0 0 1 rg BT 187.50 181.57 Td (Public Service Company Deferred ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 170.2333984375 m 305.341796875 170.2333984375 l s q 0 0 1 rg BT 187.50 171.57 Td (Compensation Plan ef) Tj ET Q q 0 0 1 rg BT 275.64 171.57 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 160.2333984375 m 251.0986328125 160.2333984375 l s q 0 0 1 rg BT 187.50 161.57 Td (January1, 1997) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 191.57 Td (10.3A) Tj ET Q q 0 0 0 rg BT 373.95 191.57 Td ( to ) Tj ET Q q 0 0 0 rg BT 386.17 191.57 Td (APS) Tj ET Q q 0 0 0 rg BT 407.30 191.57 Td (s 1996 Form10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 181.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 158.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 191.57 Td (3/28/1997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 142.57 Td (10.2.1d) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 82.50 145.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 109.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 142.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 142.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 142.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 132.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 109.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 141.2333984375 m 321.650390625 141.2333984375 l s q 0 0 1 rg BT 187.50 142.57 Td (Sixth ) Tj ET Q q 0 0 1 rg BT 210.57 142.57 Td (Amendment to the ) Tj ET Q q 0 0 1 rg BT 286.94 142.57 Td (Arizona ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 131.2333984375 m 327.4560546875 131.2333984375 l s q 0 0 1 rg BT 187.50 132.57 Td (Public Service Company Deferred ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 121.2333984375 m 305.341796875 121.2333984375 l s q 0 0 1 rg BT 187.50 122.57 Td (Compensation Plan ef) Tj ET Q q 0 0 1 rg BT 275.64 122.57 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 111.2333984375 m 251.0986328125 111.2333984375 l s q 0 0 1 rg BT 187.50 112.57 Td (January1, 2001) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 142.57 Td (10.8A) Tj ET Q q 0 0 0 rg BT 373.95 142.57 Td ( to Pinnacle ) Tj ET Q q 0 0 0 rg BT 423.29 142.57 Td (W) Tj ET Q q 0 0 0 rg BT 432.24 142.57 Td (est) Tj ET Q q 0 0 0 rg BT 446.00 142.57 Td (s 2000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 132.57 Td (Form10-K Report, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 109.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 142.57 Td (3/14/2001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 93.57 Td (10.2.2) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 96.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 60.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 93.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 93.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 93.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 83.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 60.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 93.57 Td (Arizona Public Service Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 83.57 Td (Directors) Tj ET Q q 0 0 0 rg BT 227.67 83.57 Td ( Deferred Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 73.57 Td (Plan, as restated, ef) Tj ET Q q 0 0 0 rg BT 264.88 73.57 Td (fective January1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 63.57 Td (1986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 93.57 Td (10.1 to ) Tj ET Q q 0 0 0 rg BT 379.23 93.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.35 93.57 Td (s June30, 1986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 83.57 Td (Form10-Q Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 60.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 93.57 Td (8/13/1986) Tj ET Q endstream endobj 387 0 obj <>] /Rotate 0 /Contents 388 0 R>> endobj 388 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (189) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 711.57 Td (10.2.2a) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 714.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 678.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 711.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 711.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 701.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 678.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 710.2333984375 m 329.970703125 710.2333984375 l s q 0 0 1 rg BT 187.50 711.57 Td (Second ) Tj ET Q q 0 0 1 rg BT 218.89 711.57 Td (Amendment to the ) Tj ET Q q 0 0 1 rg BT 295.26 711.57 Td (Arizona ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 700.2333984375 m 331.7236328125 700.2333984375 l s q 0 0 1 rg BT 187.50 701.57 Td (Public Service Company Directors) Tj ET Q q 0 0 1 rg BT 329.22 701.57 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 690.2333984375 m 308.5791015625 690.2333984375 l s q 0 0 1 rg BT 187.50 691.57 Td (Deferred Compensation Plan, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 680.2333984375 m 310.048828125 680.2333984375 l s q 0 0 1 rg BT 187.50 681.57 Td (ef) Tj ET Q q 0 0 1 rg BT 195.09 681.57 Td (fective as of January1, 1993) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 711.57 Td (10.2A) Tj ET Q q 0 0 0 rg BT 373.95 711.57 Td ( to ) Tj ET Q q 0 0 0 rg BT 386.17 711.57 Td (APS) Tj ET Q q 0 0 0 rg BT 407.30 711.57 Td (s 1993 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 701.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 678.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 711.57 Td (3/30/1994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 662.57 Td (10.2.2b) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 82.50 665.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 629.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 662.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 662.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 662.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 652.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 629.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 661.2333984375 m 322.7490234375 661.2333984375 l s q 0 0 1 rg BT 187.50 662.57 Td (Third ) Tj ET Q q 0 0 1 rg BT 211.67 662.57 Td (Amendment to the ) Tj ET Q q 0 0 1 rg BT 288.04 662.57 Td (Arizona ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 651.2333984375 m 331.7236328125 651.2333984375 l s q 0 0 1 rg BT 187.50 652.57 Td (Public Service Company Directors) Tj ET Q q 0 0 1 rg BT 329.22 652.57 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 641.2333984375 m 308.5791015625 641.2333984375 l s q 0 0 1 rg BT 187.50 642.57 Td (Deferred Compensation Plan, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 631.2333984375 m 297.2802734375 631.2333984375 l s q 0 0 1 rg BT 187.50 632.57 Td (ef) Tj ET Q q 0 0 1 rg BT 195.09 632.57 Td (fective as of May1, 1993) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 662.57 Td (10.1 to ) Tj ET Q q 0 0 0 rg BT 379.50 662.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 662.57 Td (s September30, 1994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 652.57 Td (Form10-Q Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 629.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.40 662.57 Td (1) Tj ET Q q 0 0 0 rg BT 518.21 662.57 Td (1/10/1994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 613.57 Td (10.2.2c) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 616.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 580.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 613.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 613.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 613.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 603.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 580.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 612.2333984375 m 327.2021484375 612.2333984375 l s q 0 0 1 rg BT 187.50 613.57 Td (Fourth ) Tj ET Q q 0 0 1 rg BT 216.12 613.57 Td (Amendment to the ) Tj ET Q q 0 0 1 rg BT 292.50 613.57 Td (Arizona ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 602.2333984375 m 329.1357421875 602.2333984375 l s q 0 0 1 rg BT 187.50 603.57 Td (Public Service Company Directors ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 592.2333984375 m 308.5791015625 592.2333984375 l s q 0 0 1 rg BT 187.50 593.57 Td (Deferred Compensation Plan, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 582.2333984375 m 310.048828125 582.2333984375 l s q 0 0 1 rg BT 187.50 583.57 Td (ef) Tj ET Q q 0 0 1 rg BT 195.09 583.57 Td (fective as of January1, 1999) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 613.57 Td (10.8A) Tj ET Q q 0 0 0 rg BT 373.95 613.57 Td ( to Pinnacle ) Tj ET Q q 0 0 0 rg BT 423.29 613.57 Td (W) Tj ET Q q 0 0 0 rg BT 432.24 613.57 Td (est) Tj ET Q q 0 0 0 rg BT 446.00 613.57 Td (s 1999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 603.57 Td (Form10-K Report, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 580.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 613.57 Td (3/30/2000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 564.57 Td (10.2.3) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 567.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 521.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 564.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 564.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 564.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 554.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 521.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 563.2333984375 m 330.0146484375 563.2333984375 l s q 0 0 1 rg BT 187.50 564.57 Td (T) Tj ET Q q 0 0 1 rg BT 193.26 564.57 Td (rust for the Pinnacle ) Tj ET Q q 0 0 1 rg BT 276.39 564.57 Td (W) Tj ET Q q 0 0 1 rg BT 285.02 564.57 Td (est Capital ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 553.2333984375 m 335.5224609375 553.2333984375 l s q 0 0 1 rg BT 187.50 554.57 Td (Corporation, ) Tj ET Q q 0 0 1 rg BT 240.27 554.57 Td (Arizona Public Service ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 543.2333984375 m 335.2587890625 543.2333984375 l s q 0 0 1 rg BT 187.50 544.57 Td (Company and SunCor Development ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 533.2333984375 m 327.1875 533.2333984375 l s q 0 0 1 rg BT 187.50 534.57 Td (Company Deferred Compensation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 523.2333984375 m 296.6650390625 523.2333984375 l s q 0 0 1 rg BT 187.50 524.57 Td (Plans dated ) Tj ET Q q 0 0 1 rg BT 235.27 524.57 Td (August1, 1996) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 564.57 Td (10.14A) Tj ET Q q 0 0 0 rg BT 378.95 564.57 Td ( to Pinnacle ) Tj ET Q q 0 0 0 rg BT 428.29 564.57 Td (W) Tj ET Q q 0 0 0 rg BT 437.24 564.57 Td (est) Tj ET Q q 0 0 0 rg BT 451.00 564.57 Td (s 1999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 554.57 Td (Form10-K Report, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 521.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 564.57 Td (3/30/2000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 505.57 Td (10.2.3a) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 508.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 452.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 505.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 505.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 505.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 495.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 452.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 504.2333984375 m 337.4609375 504.2333984375 l s q 0 0 1 rg BT 187.50 505.57 Td (First ) Tj ET Q q 0 0 1 rg BT 207.79 505.57 Td (Amendment dated December7, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 494.2333984375 m 323.8818359375 494.2333984375 l s q 0 0 1 rg BT 187.50 495.57 Td (1999 to the ) Tj ET Q q 0 0 1 rg BT 234.81 495.57 Td (T) Tj ET Q q 0 0 1 rg BT 240.57 495.57 Td (rust for the Pinnacle ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 484.2333984375 m 328.6083984375 484.2333984375 l s q 0 0 1 rg BT 187.50 485.57 Td (W) Tj ET Q q 0 0 1 rg BT 196.14 485.57 Td (est Capital Corporation, ) Tj ET Q q 0 0 1 rg BT 293.90 485.57 Td (Arizona ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 474.2333984375 m 339.4287109375 474.2333984375 l s q 0 0 1 rg BT 187.50 475.57 Td (Public Service Company and SunCor ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 464.2333984375 m 323.2861328125 464.2333984375 l s q 0 0 1 rg BT 187.50 465.57 Td (Development Company Deferred ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 454.2333984375 m 269.443359375 454.2333984375 l s q 0 0 1 rg BT 187.50 455.57 Td (Compensation Plans) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 505.57 Td (10.15A) Tj ET Q q 0 0 0 rg BT 378.95 505.57 Td ( to Pinnacle ) Tj ET Q q 0 0 0 rg BT 428.29 505.57 Td (W) Tj ET Q q 0 0 0 rg BT 437.24 505.57 Td (est) Tj ET Q q 0 0 0 rg BT 451.00 505.57 Td (s 1999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 495.57 Td (Form10-K Report, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 452.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 505.57 Td (3/30/2000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 436.57 Td (10.2.4) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 439.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 373.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 436.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 436.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 436.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 426.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 373.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 435.2333984375 m 331.2060546875 435.2333984375 l s q 0 0 1 rg BT 187.50 436.57 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 436.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 436.57 Td (est Capital Corporation, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 425.2333984375 m 325.986328125 425.2333984375 l s q 0 0 1 rg BT 187.50 426.57 Td (Arizona Public Service Company) Tj ET Q q 0 0 1 rg BT 320.99 426.57 Td (, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 415.2333984375 m 335.2587890625 415.2333984375 l s q 0 0 1 rg BT 187.50 416.57 Td (SunCor Development Company and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 405.2333984375 m 319.697265625 405.2333984375 l s q 0 0 1 rg BT 187.50 406.57 Td (El Dorado Investment Company ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 395.2333984375 m 316.9091796875 395.2333984375 l s q 0 0 1 rg BT 187.50 396.57 Td (Deferred Compensation Plan as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 385.2333984375 m 313.916015625 385.2333984375 l s q 0 0 1 rg BT 187.50 386.57 Td (amended and restated ef) Tj ET Q q 0 0 1 rg BT 284.21 386.57 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 375.2333984375 m 251.0986328125 375.2333984375 l s q 0 0 1 rg BT 187.50 376.57 Td (January1, 1996) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 436.57 Td (10.10A) Tj ET Q q 0 0 0 rg BT 378.95 436.57 Td ( to ) Tj ET Q q 0 0 0 rg BT 391.17 436.57 Td (APS) Tj ET Q q 0 0 0 rg BT 412.30 436.57 Td (s 1995 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 426.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 373.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 436.57 Td (3/29/1996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 357.57 Td (10.2.4a) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 360.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 294.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 357.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 357.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 357.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 347.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 356.2333984375 m 318.671875 356.2333984375 l s q 0 0 1 rg BT 187.50 357.57 Td (First ) Tj ET Q q 0 0 1 rg BT 207.79 357.57 Td (Amendment ef) Tj ET Q q 0 0 1 rg BT 267.31 357.57 Td (fective as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 346.2333984375 m 340.0927734375 346.2333984375 l s q 0 0 1 rg BT 187.50 347.57 Td (January 1, 1999, to the Pinnacle ) Tj ET Q q 0 0 1 rg BT 317.85 347.57 Td (W) Tj ET Q q 0 0 1 rg BT 326.48 347.57 Td (est ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 336.2333984375 m 334.4189453125 336.2333984375 l s q 0 0 1 rg BT 187.50 337.57 Td (Capital Corporation, ) Tj ET Q q 0 0 1 rg BT 271.66 337.57 Td (Arizona Public ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 326.2333984375 m 296.2841796875 326.2333984375 l s q 0 0 1 rg BT 187.50 327.57 Td (Service Company) Tj ET Q q 0 0 1 rg BT 258.22 327.57 Td (, SunCor ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 316.2333984375 m 313.583984375 316.2333984375 l s q 0 0 1 rg BT 187.50 317.57 Td (Development Company and El ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 306.2333984375 m 308.310546875 306.2333984375 l s q 0 0 1 rg BT 187.50 307.57 Td (Dorado Investment Company ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 296.2333984375 m 303.5791015625 296.2333984375 l s q 0 0 1 rg BT 187.50 297.57 Td (Deferred Compensation Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 357.57 Td (10.7A) Tj ET Q q 0 0 0 rg BT 373.95 357.57 Td ( to Pinnacle ) Tj ET Q q 0 0 0 rg BT 423.29 357.57 Td (W) Tj ET Q q 0 0 0 rg BT 432.24 357.57 Td (est) Tj ET Q q 0 0 0 rg BT 446.00 357.57 Td (s 1999 Form) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 347.57 Td (10-K Report, File No. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 357.57 Td (3/30/2000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 278.57 Td (10.2.4b) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 82.50 281.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 213.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 278.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 278.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 278.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 268.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 277.2333984375 m 341.708984375 277.2333984375 l s q 0 0 1 rg BT 187.50 278.57 Td (Second ) Tj ET Q q 0 0 1 rg BT 218.89 278.57 Td (Amendment ef) Tj ET Q q 0 0 1 rg BT 278.41 278.57 Td (fective January ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 267.2333984375 m 335.3759765625 267.2333984375 l s q 0 0 1 rg BT 187.50 268.57 Td (1, 2000 to the Pinnacle ) Tj ET Q q 0 0 1 rg BT 281.75 268.57 Td (W) Tj ET Q q 0 0 1 rg BT 290.39 268.57 Td (est Capital ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 257.2333984375 m 335.5224609375 257.2333984375 l s q 0 0 1 rg BT 187.50 258.57 Td (Corporation, ) Tj ET Q q 0 0 1 rg BT 240.27 258.57 Td (Arizona Public Service ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 247.2333984375 m 320.1708984375 247.2333984375 l s q 0 0 1 rg BT 187.50 248.57 Td (Company) Tj ET Q q 0 0 1 rg BT 225.74 248.57 Td (, SunCor Development ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 237.2333984375 m 336.6357421875 237.2333984375 l s q 0 0 1 rg BT 187.50 238.57 Td (Company and El Dorado Investment ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 227.2333984375 m 327.1875 227.2333984375 l s q 0 0 1 rg BT 187.50 228.57 Td (Company Deferred Compensation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 217.2333984375 m 205.2783203125 217.2333984375 l s q 0 0 1 rg BT 187.50 218.57 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 278.57 Td (10.10A) Tj ET Q q 0 0 0 rg BT 378.95 278.57 Td ( to Pinnacle ) Tj ET Q q 0 0 0 rg BT 428.29 278.57 Td (W) Tj ET Q q 0 0 0 rg BT 437.24 278.57 Td (est) Tj ET Q q 0 0 0 rg BT 451.00 278.57 Td (s 1999 Form) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 268.57 Td (10-K Report, File No. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 278.57 Td (3/30/2000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 197.57 Td (10.2.4c) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 200.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 134.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 197.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 197.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 197.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 187.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 196.2333984375 m 325.52734375 196.2333984375 l s q 0 0 1 rg BT 187.50 197.57 Td (Third ) Tj ET Q q 0 0 1 rg BT 211.67 197.57 Td (Amendment to the Pinnacle ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 186.2333984375 m 328.6083984375 186.2333984375 l s q 0 0 1 rg BT 187.50 187.57 Td (W) Tj ET Q q 0 0 1 rg BT 196.14 187.57 Td (est Capital Corporation, ) Tj ET Q q 0 0 1 rg BT 293.90 187.57 Td (Arizona ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 176.2333984375 m 324.3408203125 176.2333984375 l s q 0 0 1 rg BT 187.50 177.57 Td (Public Service Company) Tj ET Q q 0 0 1 rg BT 286.28 177.57 Td (, SunCor ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 166.2333984375 m 313.583984375 166.2333984375 l s q 0 0 1 rg BT 187.50 167.57 Td (Development Company and El ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 156.2333984375 m 308.310546875 156.2333984375 l s q 0 0 1 rg BT 187.50 157.57 Td (Dorado Investment Company ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 146.2333984375 m 308.5791015625 146.2333984375 l s q 0 0 1 rg BT 187.50 147.57 Td (Deferred Compensation Plan, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 136.2333984375 m 310.048828125 136.2333984375 l s q 0 0 1 rg BT 187.50 137.57 Td (ef) Tj ET Q q 0 0 1 rg BT 195.09 137.57 Td (fective as of January 1, 2002) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 197.57 Td (10.3 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 197.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 197.57 Td (est) Tj ET Q q 0 0 0 rg BT 439.33 197.57 Td (s March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 187.57 Td (2003 Form 10-Q Report, File No.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 177.57 Td (1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 197.57 Td (5/15/2003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 118.57 Td (10.2.4d) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 82.50 121.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 55.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 118.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 118.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 118.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 108.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 55.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 117.2333984375 m 329.98046875 117.2333984375 l s q 0 0 1 rg BT 187.50 118.57 Td (Fourth ) Tj ET Q q 0 0 1 rg BT 216.12 118.57 Td (Amendment to the Pinnacle ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 107.2333984375 m 328.6083984375 107.2333984375 l s q 0 0 1 rg BT 187.50 108.57 Td (W) Tj ET Q q 0 0 1 rg BT 196.14 108.57 Td (est Capital Corporation, ) Tj ET Q q 0 0 1 rg BT 293.90 108.57 Td (Arizona ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 97.2333984375 m 324.3408203125 97.2333984375 l s q 0 0 1 rg BT 187.50 98.57 Td (Public Service Company) Tj ET Q q 0 0 1 rg BT 286.28 98.57 Td (, SunCor ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 87.2333984375 m 313.583984375 87.2333984375 l s q 0 0 1 rg BT 187.50 88.57 Td (Development Company and El ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 77.2333984375 m 308.310546875 77.2333984375 l s q 0 0 1 rg BT 187.50 78.57 Td (Dorado Investment Company ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 67.2333984375 m 308.5791015625 67.2333984375 l s q 0 0 1 rg BT 187.50 68.57 Td (Deferred Compensation Plan, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 57.2333984375 m 288.388671875 57.2333984375 l s q 0 0 1 rg BT 187.50 58.57 Td (ef) Tj ET Q q 0 0 1 rg BT 195.09 58.57 Td (fective January1, 2003) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 118.57 Td (10.64b to Pinnacle ) Tj ET Q q 0 0 0 rg BT 426.53 118.57 Td (W) Tj ET Q q 0 0 0 rg BT 435.17 118.57 Td (est/APS 2005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 108.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 98.57 Td (and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 55.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 118.57 Td (3/13/2006) Tj ET Q endstream endobj 389 0 obj <>] /Rotate 0 /Contents 390 0 R>> endobj 390 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (190) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 711.57 Td (10.2.5) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 714.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 668.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 711.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 711.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 701.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 668.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 710.2333984375 m 339.4091796875 710.2333984375 l s q 0 0 1 rg BT 187.50 711.57 Td (Deferred Compensation Plan of 2005 ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 700.2333984375 m 318.4228515625 700.2333984375 l s q 0 0 1 rg BT 187.50 701.57 Td (for Employees of Pinnacle) Tj ET Q q 0 0 1 rg BT 296.18 701.57 Td (W) Tj ET Q q 0 0 1 rg BT 304.81 701.57 Td (est ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 690.2333984375 m 340.3369140625 690.2333984375 l s q 0 0 1 rg BT 187.50 691.57 Td (Capital Corporation and ) Tj ET Q q 0 0 1 rg BT 286.09 691.57 Td (Af) Tj ET Q q 0 0 1 rg BT 296.46 691.57 Td (filiates \(as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 680.2333984375 m 313.916015625 680.2333984375 l s q 0 0 1 rg BT 187.50 681.57 Td (amended and restated ef) Tj ET Q q 0 0 1 rg BT 284.21 681.57 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 670.2333984375 m 254.4287109375 670.2333984375 l s q 0 0 1 rg BT 187.50 671.57 Td (January 1, 2016\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 711.57 Td (10.2.5 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 424.12 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 433.07 711.57 Td (est/APS 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 701.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 691.57 Td (and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 711.57 Td (2/19/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 652.57 Td (10.3.1) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 655.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 619.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 652.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 652.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 652.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 642.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 619.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 651.2333984375 m 328.7060546875 651.2333984375 l s q 0 0 1 rg BT 187.50 652.57 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 652.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 652.57 Td (est Capital Corporation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 641.2333984375 m 307.1923828125 641.2333984375 l s q 0 0 1 rg BT 187.50 642.57 Td (Supplemental Excess Benefit ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 631.2333984375 m 312.7392578125 631.2333984375 l s q 0 0 1 rg BT 187.50 632.57 Td (Retirement Plan, amended and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 621.2333984375 m 306.3525390625 621.2333984375 l s q 0 0 1 rg BT 187.50 622.57 Td (restated as of January1, 2003) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 652.57 Td (10.7A) Tj ET Q q 0 0 0 rg BT 373.95 652.57 Td ( to Pinnacle ) Tj ET Q q 0 0 0 rg BT 423.29 652.57 Td (W) Tj ET Q q 0 0 0 rg BT 432.24 652.57 Td (est) Tj ET Q q 0 0 0 rg BT 446.00 652.57 Td (s 2003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 642.57 Td (Form10-K Report, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 619.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 652.57 Td (3/15/2004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 603.57 Td (10.3.1a) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 606.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 570.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 603.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 603.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 603.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 593.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 570.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 602.2333984375 m 328.7060546875 602.2333984375 l s q 0 0 1 rg BT 187.50 603.57 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 603.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 603.57 Td (est Capital Corporation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 592.2333984375 m 307.1923828125 592.2333984375 l s q 0 0 1 rg BT 187.50 593.57 Td (Supplemental Excess Benefit ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 582.2333984375 m 323.5693359375 582.2333984375 l s q 0 0 1 rg BT 187.50 583.57 Td (Retirement Plan, as amended and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 572.2333984375 m 326.3330078125 572.2333984375 l s q 0 0 1 rg BT 187.50 573.57 Td (restated, dated December18, 2003) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 603.57 Td (10.48b to Pinnacle ) Tj ET Q q 0 0 0 rg BT 426.62 603.57 Td (W) Tj ET Q q 0 0 0 rg BT 435.57 603.57 Td (est/APS 2005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 593.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 583.57 Td (and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 570.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 603.57 Td (3/13/2006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 554.57 Td (10.3.2) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 557.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 511.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 554.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 554.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 554.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 544.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 511.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 553.2333984375 m 328.7060546875 553.2333984375 l s q 0 0 1 rg BT 187.50 554.57 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 554.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 554.57 Td (est Capital Corporation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 543.2333984375 m 307.1923828125 543.2333984375 l s q 0 0 1 rg BT 187.50 544.57 Td (Supplemental Excess Benefit ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 533.2333984375 m 340.791015625 533.2333984375 l s q 0 0 1 rg BT 187.50 534.57 Td (Retirement Plan of 2005 \(as amended ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 523.2333984375 m 318.9208984375 523.2333984375 l s q 0 0 1 rg BT 187.50 524.57 Td (and restated ef) Tj ET Q q 0 0 1 rg BT 245.62 524.57 Td (fective January 1, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 513.2333984375 m 210.830078125 513.2333984375 l s q 0 0 1 rg BT 187.50 514.57 Td (2016\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 554.57 Td (10.3.2 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 424.12 554.57 Td (W) Tj ET Q q 0 0 0 rg BT 433.07 554.57 Td (est/APS 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 544.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 534.57 Td (and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 554.57 Td (2/19/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 495.57 Td (10.3.2a) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 498.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 442.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 495.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 495.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 495.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 485.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 494.2333984375 m 321.650390625 494.2333984375 l s q 0 0 1 rg BT 187.50 495.57 Td (First ) Tj ET Q q 0 0 1 rg BT 207.79 495.57 Td (Amendment to the Pinnacle ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 484.2333984375 m 291.953125 484.2333984375 l s q 0 0 1 rg BT 187.50 485.57 Td (W) Tj ET Q q 0 0 1 rg BT 196.14 485.57 Td (est Capital Corporation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 474.2333984375 m 307.1923828125 474.2333984375 l s q 0 0 1 rg BT 187.50 475.57 Td (Supplemental Excess Benefit ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 464.2333984375 m 340.791015625 464.2333984375 l s q 0 0 1 rg BT 187.50 465.57 Td (Retirement Plan of 2005 \(as amended ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 454.2333984375 m 318.9208984375 454.2333984375 l s q 0 0 1 rg BT 187.50 455.57 Td (and restated ef) Tj ET Q q 0 0 1 rg BT 245.62 455.57 Td (fective January 1, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 444.2333984375 m 210.830078125 444.2333984375 l s q 0 0 1 rg BT 187.50 445.57 Td (2016\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 495.57 Td (10.3.2a to Pinnacle ) Tj ET Q q 0 0 0 rg BT 428.56 495.57 Td (W) Tj ET Q q 0 0 0 rg BT 437.51 495.57 Td (est/APS 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 485.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 475.57 Td (and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 495.57 Td (2/24/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 426.57 Td (10.3.2b) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 82.50 429.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 373.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 426.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 426.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 426.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 416.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 425.2333984375 m 332.7490234375 425.2333984375 l s q 0 0 1 rg BT 187.50 426.57 Td (Second ) Tj ET Q q 0 0 1 rg BT 218.89 426.57 Td (Amendment to the Pinnacle ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 415.2333984375 m 291.953125 415.2333984375 l s q 0 0 1 rg BT 187.50 416.57 Td (W) Tj ET Q q 0 0 1 rg BT 196.14 416.57 Td (est Capital Corporation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 405.2333984375 m 307.1923828125 405.2333984375 l s q 0 0 1 rg BT 187.50 406.57 Td (Supplemental Excess Benefit ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 395.2333984375 m 340.791015625 395.2333984375 l s q 0 0 1 rg BT 187.50 396.57 Td (Retirement Plan of 2005 \(as amended ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 385.2333984375 m 318.9208984375 385.2333984375 l s q 0 0 1 rg BT 187.50 386.57 Td (and restated ef) Tj ET Q q 0 0 1 rg BT 245.62 386.57 Td (fective January 1, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 375.2333984375 m 210.830078125 375.2333984375 l s q 0 0 1 rg BT 187.50 376.57 Td (2016\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 357.57 Td (10.4.1) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 360.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 334.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 357.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 334.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 356.2333984375 m 284.3994140625 356.2333984375 l s q 0 0 1 rg BT 187.50 357.57 Td (Letter ) Tj ET Q q 0 0 1 rg BT 213.32 357.57 Td (Agreement dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 346.2333984375 m 341.630859375 346.2333984375 l s q 0 0 1 rg BT 187.50 347.57 Td (December20, 2006 between ) Tj ET Q q 0 0 1 rg BT 303.85 347.57 Td (APS and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 336.2333984375 m 269.990234375 336.2333984375 l s q 0 0 1 rg BT 187.50 337.57 Td (RandallK. Edington) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 357.57 Td (10.78 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 421.62 357.57 Td (W) Tj ET Q q 0 0 0 rg BT 430.57 357.57 Td (est/APS 2006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 347.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 337.57 Td (and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 334.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 357.57 Td (2/28/2007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 318.57 Td (10.4.2) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 321.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 295.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 318.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 295.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 317.2333984375 m 341.0693359375 317.2333984375 l s q 0 0 1 rg BT 187.50 318.57 Td (Letter ) Tj ET Q q 0 0 1 rg BT 213.32 318.57 Td (Agreement dated July22, 2008 ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 307.2333984375 m 306.3720703125 307.2333984375 l s q 0 0 1 rg BT 187.50 308.57 Td (between ) Tj ET Q q 0 0 1 rg BT 222.76 308.57 Td (APS and Randall K. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 297.2333984375 m 224.1650390625 297.2333984375 l s q 0 0 1 rg BT 187.50 298.57 Td (Edington) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 318.57 Td (10.3 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 318.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 318.57 Td (est/APS June30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 308.57 Td (2008 Form10-Q Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 298.57 Td (No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 295.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 318.57 Td (8/7/2008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 279.57 Td (10.4.3) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 282.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 256.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 279.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 279.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 279.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 269.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 256.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 278.2333984375 m 320.2294921875 278.2333984375 l s q 0 0 1 rg BT 187.50 279.57 Td (Letter ) Tj ET Q q 0 0 1 rg BT 213.32 279.57 Td (Agreement dated June17, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 268.2333984375 m 325.9375 268.2333984375 l s q 0 0 1 rg BT 187.50 269.57 Td (2008 between Pinnacle) Tj ET Q q 0 0 1 rg BT 282.57 269.57 Td (W) Tj ET Q q 0 0 1 rg BT 291.21 269.57 Td (est/APS ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 258.2333984375 m 275.810546875 258.2333984375 l s q 0 0 1 rg BT 187.50 259.57 Td (and James R. Hatfield) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 279.57 Td (10.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 279.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 279.57 Td (est/APS June30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 269.57 Td (2008 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 259.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 256.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 279.57 Td (8/7/2008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 240.57 Td (10.4.4) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 243.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 217.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 240.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 217.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 239.2333984375 m 315.517578125 239.2333984375 l s q 0 0 1 rg BT 187.50 240.57 Td (Supplemental ) Tj ET Q q 0 0 1 rg BT 244.44 240.57 Td (Agreement dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 229.2333984375 m 341.630859375 229.2333984375 l s q 0 0 1 rg BT 187.50 230.57 Td (December26, 2008 between ) Tj ET Q q 0 0 1 rg BT 303.85 230.57 Td (APS and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 219.2333984375 m 269.990234375 219.2333984375 l s q 0 0 1 rg BT 187.50 220.57 Td (RandallK. Edington) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 240.57 Td (10.4.10 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 429.12 240.57 Td (W) Tj ET Q q 0 0 0 rg BT 438.07 240.57 Td (est/APS 2008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 230.57 Td (Form10-K Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 217.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 240.57 Td (2/20/2009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 201.57 Td (10.4.5) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 204.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 178.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 201.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 178.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 200.2333984375 m 315.9033203125 200.2333984375 l s q 0 0 1 rg BT 187.50 201.57 Td (Description of 2010 Palo ) Tj ET Q q 0 0 1 rg BT 290.08 201.57 Td (V) Tj ET Q q 0 0 1 rg BT 296.20 201.57 Td (erde ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 190.2333984375 m 334.423828125 190.2333984375 l s q 0 0 1 rg BT 187.50 191.57 Td (Specific Compensation Opportunity ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 180.2333984375 m 284.150390625 180.2333984375 l s q 0 0 1 rg BT 187.50 181.57 Td (for RandallK. Edington) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 201.57 Td (10.4.13 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 429.12 201.57 Td (W) Tj ET Q q 0 0 0 rg BT 438.07 201.57 Td (est/APS 2009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 191.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 181.57 Td (and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 178.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 201.57 Td (2/19/2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 162.57 Td (10.4.6) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 77.50 167.10 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 139.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 162.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 162.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 162.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 139.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 161.2333984375 m 320.2294921875 161.2333984375 l s q 0 0 1 rg BT 187.50 162.57 Td (Letter ) Tj ET Q q 0 0 1 rg BT 213.32 162.57 Td (Agreement dated May21, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 151.2333984375 m 324.2529296875 151.2333984375 l s q 0 0 1 rg BT 187.50 152.57 Td (2009, between Pinnacle ) Tj ET Q q 0 0 1 rg BT 285.07 152.57 Td (W) Tj ET Q q 0 0 1 rg BT 293.71 152.57 Td (est and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 141.2333984375 m 246.1083984375 141.2333984375 l s q 0 0 1 rg BT 187.50 142.57 Td (DavidP) Tj ET Q q 0 0 1 rg BT 218.89 142.57 Td (. Falck) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 162.57 Td (10.4 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 162.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 162.57 Td (est/APS March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 152.57 Td (2010 Form10-Q Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 142.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 139.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 162.57 Td (5/6/2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 123.57 Td (10.4.7) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 126.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 100.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 123.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 100.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 122.2333984375 m 315.517578125 122.2333984375 l s q 0 0 1 rg BT 187.50 123.57 Td (Supplemental ) Tj ET Q q 0 0 1 rg BT 244.44 123.57 Td (Agreement dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 112.2333984375 m 318.876953125 112.2333984375 l s q 0 0 1 rg BT 187.50 113.57 Td (June19, 2012 between ) Tj ET Q q 0 0 1 rg BT 281.09 113.57 Td (APS and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 102.2333984375 m 269.990234375 102.2333984375 l s q 0 0 1 rg BT 187.50 103.57 Td (RandallK. Edington) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 123.57 Td (10.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 123.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 123.57 Td (est/APS June30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 113.57 Td (2012 Form10-Q Report File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 103.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 100.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 123.57 Td (8/2/2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 84.57 Td (10.4.8) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 87.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 58.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 84.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 83.2333984375 m 315.9033203125 83.2333984375 l s q 0 0 1 rg BT 187.50 84.57 Td (Description of 2016 Palo ) Tj ET Q q 0 0 1 rg BT 290.08 84.57 Td (V) Tj ET Q q 0 0 1 rg BT 296.20 84.57 Td (erde ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 73.2333984375 m 334.423828125 73.2333984375 l s q 0 0 1 rg BT 187.50 74.57 Td (Specific Compensation Opportunity ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 63.2333984375 m 284.150390625 63.2333984375 l s q 0 0 1 rg BT 187.50 64.57 Td (for RandallK. Edington) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 84.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 386.25 84.57 Td (W) Tj ET Q q 0 0 0 rg BT 394.89 84.57 Td (est/APS December15,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 74.57 Td (2015 Form8-K Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 64.57 Td (No.1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.20 84.57 Td (12/21/2015) Tj ET Q endstream endobj 391 0 obj <>] /Rotate 0 /Contents 392 0 R>> endobj 392 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (191) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 711.57 Td (10.4.9) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 714.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 685.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 711.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 710.2333984375 m 315.517578125 710.2333984375 l s q 0 0 1 rg BT 187.50 711.57 Td (Supplemental ) Tj ET Q q 0 0 1 rg BT 244.44 711.57 Td (Agreement dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 700.2333984375 m 341.630859375 700.2333984375 l s q 0 0 1 rg BT 187.50 701.57 Td (December 14, 2014 between ) Tj ET Q q 0 0 1 rg BT 303.85 701.57 Td (APS and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 690.2333984375 m 269.990234375 690.2333984375 l s q 0 0 1 rg BT 187.50 691.57 Td (Randall K. Edington) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 711.57 Td (10.4.9 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 424.12 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 433.07 711.57 Td (est/APS 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 701.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 691.57 Td (and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 711.57 Td (2/20/2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 669.57 Td (10.5.1) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 672.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 626.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 669.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 669.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 669.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 659.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 626.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 668.2333984375 m 320.2392578125 668.2333984375 l s q 0 0 1 rg BT 187.50 669.57 Td (Key Executive Employment and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 658.2333984375 m 313.271484375 658.2333984375 l s q 0 0 1 rg BT 187.50 659.57 Td (Severance ) Tj ET Q q 0 0 1 rg BT 230.53 659.57 Td (Agreement between ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 648.2333984375 m 333.9501953125 648.2333984375 l s q 0 0 1 rg BT 187.50 649.57 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 649.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 649.57 Td (est and certain executive ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 638.2333984375 m 319.072265625 638.2333984375 l s q 0 0 1 rg BT 187.50 639.57 Td (of) Tj ET Q q 0 0 1 rg BT 195.65 639.57 Td (ficers of Pinnacle) Tj ET Q q 0 0 1 rg BT 267.94 639.57 Td (W) Tj ET Q q 0 0 1 rg BT 276.58 639.57 Td (est and its ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 628.2333984375 m 234.716796875 628.2333984375 l s q 0 0 1 rg BT 187.50 629.57 Td (subsidiaries) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 669.57 Td (10.77bd to Pinnacle ) Tj ET Q q 0 0 0 rg BT 431.62 669.57 Td (W) Tj ET Q q 0 0 0 rg BT 440.57 669.57 Td (est/APS 2005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 659.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 649.57 Td (and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 626.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 669.57 Td (3/13/2006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 610.57 Td (10.5.1a) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 613.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 567.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 610.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 610.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 610.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 600.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 567.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 609.2333984375 m 336.357421875 609.2333984375 l s q 0 0 1 rg BT 187.50 610.57 Td (Formof ) Tj ET Q q 0 0 1 rg BT 221.95 610.57 Td (Amended and Restated Key ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 599.2333984375 m 301.0791015625 599.2333984375 l s q 0 0 1 rg BT 187.50 600.57 Td (Executive Employment and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 589.2333984375 m 313.271484375 589.2333984375 l s q 0 0 1 rg BT 187.50 590.57 Td (Severance ) Tj ET Q q 0 0 1 rg BT 230.53 590.57 Td (Agreement between ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 579.2333984375 m 336.826171875 579.2333984375 l s q 0 0 1 rg BT 187.50 580.57 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 580.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 580.57 Td (est and certain of) Tj ET Q q 0 0 1 rg BT 301.29 580.57 Td (ficers of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 569.2333984375 m 322.6025390625 569.2333984375 l s q 0 0 1 rg BT 187.50 570.57 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 570.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 570.57 Td (est and its subsidiaries) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 610.57 Td (10.4 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 610.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 610.57 Td (est/APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 600.57 Td (September30, 2007 Form10-Q) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 590.57 Td (Report, File Nos. 1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 567.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 610.57 Td (1) Tj ET Q q 0 0 0 rg BT 520.71 610.57 Td (1/6/2007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 551.57 Td (10.5.2) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 554.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 518.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 551.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 551.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 551.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 541.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 518.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 550.2333984375 m 338.30078125 550.2333984375 l s q 0 0 1 rg BT 187.50 551.57 Td (Formof Key Executive Employment ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 540.2333984375 m 330.2099609375 540.2333984375 l s q 0 0 1 rg BT 187.50 541.57 Td (and Severance ) Tj ET Q q 0 0 1 rg BT 247.47 541.57 Td (Agreement between ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 530.2333984375 m 336.826171875 530.2333984375 l s q 0 0 1 rg BT 187.50 531.57 Td (Pinnacle) Tj ET Q q 0 0 1 rg BT 224.25 531.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 531.57 Td (est and certain of) Tj ET Q q 0 0 1 rg BT 301.29 531.57 Td (ficers of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 520.2333984375 m 322.6025390625 520.2333984375 l s q 0 0 1 rg BT 187.50 521.57 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 521.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 521.57 Td (est and its subsidiaries) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 551.57 Td (10.3 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 551.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 551.57 Td (est/APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 541.57 Td (September30, 2007 Form10-Q) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 531.57 Td (Report, File Nos. 1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 518.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 551.57 Td (1) Tj ET Q q 0 0 0 rg BT 520.71 551.57 Td (1/6/2007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 502.57 Td (10.5.3) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 505.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 469.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 502.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 502.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 502.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 492.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 469.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 501.2333984375 m 338.30078125 501.2333984375 l s q 0 0 1 rg BT 187.50 502.57 Td (Formof Key Executive Employment ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 491.2333984375 m 330.2099609375 491.2333984375 l s q 0 0 1 rg BT 187.50 492.57 Td (and Severance ) Tj ET Q q 0 0 1 rg BT 247.47 492.57 Td (Agreement between ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 481.2333984375 m 336.826171875 481.2333984375 l s q 0 0 1 rg BT 187.50 482.57 Td (Pinnacle) Tj ET Q q 0 0 1 rg BT 224.25 482.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 482.57 Td (est and certain of) Tj ET Q q 0 0 1 rg BT 301.29 482.57 Td (ficers of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 471.2333984375 m 322.6025390625 471.2333984375 l s q 0 0 1 rg BT 187.50 472.57 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 472.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 472.57 Td (est and its subsidiaries) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 502.57 Td (10.5.3 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 424.12 502.57 Td (W) Tj ET Q q 0 0 0 rg BT 433.07 502.57 Td (est/APS 2009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 492.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 482.57 Td (and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 469.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 502.57 Td (2/19/2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 453.57 Td (10.5.4) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 456.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 420.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 453.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 453.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 453.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 443.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 420.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 452.2333984375 m 338.30078125 452.2333984375 l s q 0 0 1 rg BT 187.50 453.57 Td (Formof Key Executive Employment ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 442.2333984375 m 330.2099609375 442.2333984375 l s q 0 0 1 rg BT 187.50 443.57 Td (and Severance ) Tj ET Q q 0 0 1 rg BT 247.47 443.57 Td (Agreement between ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 432.2333984375 m 336.826171875 432.2333984375 l s q 0 0 1 rg BT 187.50 433.57 Td (Pinnacle) Tj ET Q q 0 0 1 rg BT 224.25 433.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 433.57 Td (est and certain of) Tj ET Q q 0 0 1 rg BT 301.29 433.57 Td (ficers of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 422.2333984375 m 322.6025390625 422.2333984375 l s q 0 0 1 rg BT 187.50 423.57 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 423.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 423.57 Td (est and its subsidiaries) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 453.57 Td (10.5.4 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 424.12 453.57 Td (W) Tj ET Q q 0 0 0 rg BT 433.07 453.57 Td (est/APS 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 443.57 Td (Form10-K, File Nos. 1-8962 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 433.57 Td (1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 420.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 453.57 Td (2/22/2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 404.57 Td (10.6.1) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 407.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 371.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 404.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 404.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 404.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 371.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 403.2333984375 m 328.7060546875 403.2333984375 l s q 0 0 1 rg BT 187.50 404.57 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 404.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 404.57 Td (est Capital Corporation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 393.2333984375 m 315.3759765625 393.2333984375 l s q 0 0 1 rg BT 187.50 394.57 Td (2007 Long-T) Tj ET Q q 0 0 1 rg BT 239.85 394.57 Td (erm Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 404.57 Td (Appendix B to the Proxy Statement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 394.57 Td (for Pinnacle ) Tj ET Q q 0 0 0 rg BT 400.50 394.57 Td (W) Tj ET Q q 0 0 0 rg BT 409.45 394.57 Td (est) Tj ET Q q 0 0 0 rg BT 423.21 394.57 Td (s 2007 ) Tj ET Q q 0 0 0 rg BT 451.55 394.57 Td (Annual) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 384.57 Td (Meeting of Shareholders, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 374.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 371.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 404.57 Td (4/20/2007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 355.57 Td (10.6.1a) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 358.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 332.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 355.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 355.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 355.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 332.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 354.2333984375 m 284.716796875 354.2333984375 l s q 0 0 1 rg BT 187.50 355.57 Td (First ) Tj ET Q q 0 0 1 rg BT 207.79 355.57 Td (Amendment to the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 344.2333984375 m 328.7060546875 344.2333984375 l s q 0 0 1 rg BT 187.50 345.57 Td (Pinnacle) Tj ET Q q 0 0 1 rg BT 224.25 345.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 345.57 Td (est Capital Corporation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 334.2333984375 m 315.3759765625 334.2333984375 l s q 0 0 1 rg BT 187.50 335.57 Td (2007 Long-T) Tj ET Q q 0 0 1 rg BT 239.85 335.57 Td (erm Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 355.57 Td (10.2 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 355.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 355.57 Td (est/APS ) Tj ET Q q 0 0 0 rg BT 459.62 355.57 Td (April18,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 345.57 Td (2007 Form8-K Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 335.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 332.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 355.57 Td (4/20/2007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 316.57 Td (10.6.1b) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 82.50 319.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 283.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 316.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 316.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 316.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 306.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 283.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 315.2333984375 m 337.9931640625 315.2333984375 l s q 0 0 1 rg BT 187.50 316.57 Td (Performance Share ) Tj ET Q q 0 0 1 rg BT 265.80 316.57 Td (Agreement under ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 305.2333984375 m 292.59765625 305.2333984375 l s q 0 0 1 rg BT 187.50 306.57 Td (the Pinnacle ) Tj ET Q q 0 0 1 rg BT 238.97 306.57 Td (W) Tj ET Q q 0 0 1 rg BT 247.61 306.57 Td (est Capital ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 295.2333984375 m 308.720703125 295.2333984375 l s q 0 0 1 rg BT 187.50 296.57 Td (Corporation 2007 Long-T) Tj ET Q q 0 0 1 rg BT 290.67 296.57 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 285.2333984375 m 244.98046875 285.2333984375 l s q 0 0 1 rg BT 187.50 286.57 Td (Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 316.57 Td (10.3 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 316.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 316.57 Td (est/APS March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 306.57 Td (2009 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 296.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 283.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 316.57 Td (5/5/2009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 267.57 Td (10.6.1c) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 270.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 234.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 267.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 267.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 267.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 234.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 266.2333984375 m 301.3525390625 266.2333984375 l s q 0 0 1 rg BT 187.50 267.57 Td (Formof Performance Share ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 256.2333984375 m 333.408203125 256.2333984375 l s q 0 0 1 rg BT 187.50 257.57 Td (Agreement under the Pinnacle) Tj ET Q q 0 0 1 rg BT 311.16 257.57 Td (W) Tj ET Q q 0 0 1 rg BT 319.80 257.57 Td (est ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 246.2333984375 m 340.1025390625 246.2333984375 l s q 0 0 1 rg BT 187.50 247.57 Td (Capital Corporation 2007 Long-T) Tj ET Q q 0 0 1 rg BT 322.06 247.57 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 236.2333984375 m 244.98046875 236.2333984375 l s q 0 0 1 rg BT 187.50 237.57 Td (Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 267.57 Td (10.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 267.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 267.57 Td (est/APS June30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 257.57 Td (2010 Form10-Q Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 247.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 234.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 267.57 Td (8/3/2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 218.57 Td (10.6.1d) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 82.50 221.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 185.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 218.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 218.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 218.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 185.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 217.2333984375 m 311.0986328125 217.2333984375 l s q 0 0 1 rg BT 187.50 218.57 Td (Formof Restricted Stock Unit ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 207.2333984375 m 333.408203125 207.2333984375 l s q 0 0 1 rg BT 187.50 208.57 Td (Agreement under the Pinnacle) Tj ET Q q 0 0 1 rg BT 311.16 208.57 Td (W) Tj ET Q q 0 0 1 rg BT 319.80 208.57 Td (est ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 197.2333984375 m 340.1025390625 197.2333984375 l s q 0 0 1 rg BT 187.50 198.57 Td (Capital Corporation 2007 Long-T) Tj ET Q q 0 0 1 rg BT 322.06 198.57 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 187.2333984375 m 244.98046875 187.2333984375 l s q 0 0 1 rg BT 187.50 188.57 Td (Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 218.57 Td (10.2 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 218.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 218.57 Td (est/APS June30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 208.57 Td (2010 Form10-Q Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 198.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 185.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 218.57 Td (8/3/2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 169.57 Td (10.6.1e) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 172.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 136.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 169.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 169.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 169.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 136.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 168.2333984375 m 301.3525390625 168.2333984375 l s q 0 0 1 rg BT 187.50 169.57 Td (Formof Performance Share ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 158.2333984375 m 333.408203125 158.2333984375 l s q 0 0 1 rg BT 187.50 159.57 Td (Agreement under the Pinnacle) Tj ET Q q 0 0 1 rg BT 311.16 159.57 Td (W) Tj ET Q q 0 0 1 rg BT 319.80 159.57 Td (est ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 148.2333984375 m 340.1025390625 148.2333984375 l s q 0 0 1 rg BT 187.50 149.57 Td (Capital Corporation 2007 Long-T) Tj ET Q q 0 0 1 rg BT 322.06 149.57 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 138.2333984375 m 244.98046875 138.2333984375 l s q 0 0 1 rg BT 187.50 139.57 Td (Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 169.57 Td (10.4 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 169.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 169.57 Td (est/APS March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 159.57 Td (201) Tj ET Q q 0 0 0 rg BT 364.31 159.57 Td (1 Form10-Q Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 149.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 136.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 169.57 Td (4/29/201) Tj ET Q q 0 0 0 rg BT 551.27 169.57 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 120.57 Td (10.6.1f) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 80.83 123.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 87.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 120.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 120.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 120.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 87.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 119.2333984375 m 311.0986328125 119.2333984375 l s q 0 0 1 rg BT 187.50 120.57 Td (Formof Restricted Stock Unit ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 109.2333984375 m 333.408203125 109.2333984375 l s q 0 0 1 rg BT 187.50 110.57 Td (Agreement under the Pinnacle) Tj ET Q q 0 0 1 rg BT 311.16 110.57 Td (W) Tj ET Q q 0 0 1 rg BT 319.80 110.57 Td (est ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 99.2333984375 m 340.1025390625 99.2333984375 l s q 0 0 1 rg BT 187.50 100.57 Td (Capital Corporation 2007 Long-T) Tj ET Q q 0 0 1 rg BT 322.06 100.57 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 89.2333984375 m 244.98046875 89.2333984375 l s q 0 0 1 rg BT 187.50 90.57 Td (Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 120.57 Td (10.5 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.53 120.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.17 120.57 Td (est/APS March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 110.57 Td (201) Tj ET Q q 0 0 0 rg BT 364.13 110.57 Td (1 Form10-Q Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 100.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 87.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 120.57 Td (4/29/201) Tj ET Q q 0 0 0 rg BT 551.09 120.57 Td (1) Tj ET Q endstream endobj 393 0 obj <>] /Rotate 0 /Contents 394 0 R>> endobj 394 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (192) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 711.57 Td (10.6.1g) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 82.50 714.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 668.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 711.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 711.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 668.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 710.2333984375 m 311.0986328125 710.2333984375 l s q 0 0 1 rg BT 187.50 711.57 Td (Formof Restricted Stock Unit ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 700.2333984375 m 333.408203125 700.2333984375 l s q 0 0 1 rg BT 187.50 701.57 Td (Agreement under the Pinnacle) Tj ET Q q 0 0 1 rg BT 311.16 701.57 Td (W) Tj ET Q q 0 0 1 rg BT 319.80 701.57 Td (est ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 690.2333984375 m 340.1025390625 690.2333984375 l s q 0 0 1 rg BT 187.50 691.57 Td (Capital Corporation 2007 Long-T) Tj ET Q q 0 0 1 rg BT 322.06 691.57 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 680.2333984375 m 330.80078125 680.2333984375 l s q 0 0 1 rg BT 187.50 681.57 Td (Incentive Plan \(Supplemental 2010 ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 670.2333984375 m 217.1240234375 670.2333984375 l s q 0 0 1 rg BT 187.50 671.57 Td (A) Tj ET Q q 0 0 1 rg BT 193.80 671.57 Td (ward\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 711.57 Td (10.6 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 711.57 Td (est/APS March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 701.57 Td (201) Tj ET Q q 0 0 0 rg BT 364.31 701.57 Td (1 Form10-Q Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 691.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 668.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 711.57 Td (4/29/201) Tj ET Q q 0 0 0 rg BT 551.27 711.57 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 652.57 Td (10.6.2) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 655.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 629.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 652.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 652.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 652.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 629.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 651.2333984375 m 333.310546875 651.2333984375 l s q 0 0 1 rg BT 187.50 652.57 Td (Description of ) Tj ET Q q 0 0 1 rg BT 246.93 652.57 Td (Annual Stock Grants ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 641.2333984375 m 298.5791015625 641.2333984375 l s q 0 0 1 rg BT 187.50 642.57 Td (to Non-Employee Directors) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 652.57 Td (10.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 652.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 652.57 Td (est/APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 642.57 Td (September30, 2007 Form10-Q) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 632.57 Td (Report, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 629.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 652.57 Td (1) Tj ET Q q 0 0 0 rg BT 520.71 652.57 Td (1/6/2007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 613.57 Td (10.6.3) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 616.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 590.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 613.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 613.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 613.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 590.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 612.2333984375 m 333.310546875 612.2333984375 l s q 0 0 1 rg BT 187.50 613.57 Td (Description of ) Tj ET Q q 0 0 1 rg BT 246.93 613.57 Td (Annual Stock Grants ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 602.2333984375 m 298.5791015625 602.2333984375 l s q 0 0 1 rg BT 187.50 603.57 Td (to Non-Employee Directors) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 613.57 Td (10.2 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 613.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 613.57 Td (est/APS June30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 603.57 Td (2008 Form10-Q Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 593.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 590.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 613.57 Td (8/7/2008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 574.57 Td (10.6.4) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 577.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 551.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 574.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 574.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 574.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 564.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 551.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 573.2333984375 m 320.3515625 573.2333984375 l s q 0 0 1 rg BT 187.50 574.57 Td (Summary of 2018 CEO ) Tj ET Q q 0 0 1 rg BT 284.54 574.57 Td (V) Tj ET Q q 0 0 1 rg BT 290.65 574.57 Td (ariable ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 563.2333984375 m 331.240234375 563.2333984375 l s q 0 0 1 rg BT 187.50 564.57 Td (Incentive Plan and Of) Tj ET Q q 0 0 1 rg BT 274.79 564.57 Td (ficer ) Tj ET Q q 0 0 1 rg BT 295.42 564.57 Td (V) Tj ET Q q 0 0 1 rg BT 301.54 564.57 Td (ariable ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 553.2333984375 m 244.98046875 553.2333984375 l s q 0 0 1 rg BT 187.50 554.57 Td (Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 580.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 551.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 580.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 535.57 Td (10.6.5) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 512.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 535.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 535.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 535.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 512.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 534.2333984375 m 336.083984375 534.2333984375 l s q 0 0 1 rg BT 187.50 535.57 Td (Description of Restricted Stock Unit ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 524.2333984375 m 293.310546875 524.2333984375 l s q 0 0 1 rg BT 187.50 525.57 Td (Grant to DonaldE. Brandt) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 535.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 386.34 535.57 Td (W) Tj ET Q q 0 0 0 rg BT 395.29 535.57 Td (est/APS December24,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 525.57 Td (2012 Form8-K Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 515.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 512.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.20 535.57 Td (12/26/2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 496.57 Td (10.6.6) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 77.50 499.74 Td (b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 463.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 496.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 496.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 496.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 486.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 463.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 495.2333984375 m 328.7060546875 495.2333984375 l s q 0 0 1 rg BT 187.50 496.57 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 496.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 496.57 Td (est Capital Corporation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 485.2333984375 m 315.3759765625 485.2333984375 l s q 0 0 1 rg BT 187.50 486.57 Td (2012 Long-T) Tj ET Q q 0 0 1 rg BT 239.85 486.57 Td (erm Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 496.57 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 391.16 496.57 Td (A) Tj ET Q q 0 0 0 rg BT 397.83 496.57 Td ( to the Proxy Statement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 486.57 Td (for Pinnacle ) Tj ET Q q 0 0 0 rg BT 400.50 486.57 Td (W) Tj ET Q q 0 0 0 rg BT 409.45 486.57 Td (est) Tj ET Q q 0 0 0 rg BT 423.21 486.57 Td (s 2012 ) Tj ET Q q 0 0 0 rg BT 451.55 486.57 Td (Annual) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 476.57 Td (Meeting of Shareholders, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 466.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 463.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 496.57 Td (3/29/2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 447.57 Td (10.6.6a) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 450.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 414.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 447.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 447.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 447.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 414.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 446.2333984375 m 329.5947265625 446.2333984375 l s q 0 0 1 rg BT 187.50 447.57 Td (Formof Performance Share ) Tj ET Q q 0 0 1 rg BT 300.80 447.57 Td (A) Tj ET Q q 0 0 1 rg BT 307.10 447.57 Td (ward ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 436.2333984375 m 333.408203125 436.2333984375 l s q 0 0 1 rg BT 187.50 437.57 Td (Agreement under the Pinnacle ) Tj ET Q q 0 0 1 rg BT 311.16 437.57 Td (W) Tj ET Q q 0 0 1 rg BT 319.80 437.57 Td (est ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 426.2333984375 m 340.1025390625 426.2333984375 l s q 0 0 1 rg BT 187.50 427.57 Td (Capital Corporation 2012 Long-T) Tj ET Q q 0 0 1 rg BT 322.06 427.57 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 416.2333984375 m 244.98046875 416.2333984375 l s q 0 0 1 rg BT 187.50 417.57 Td (Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 447.57 Td (10.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 447.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 447.57 Td (est/APS March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 437.57 Td (2012 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 427.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 414.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 447.57 Td (5/3/2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 398.57 Td (10.6.6b) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 82.50 401.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 365.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 398.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 398.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 398.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 365.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 397.2333984375 m 339.3408203125 397.2333984375 l s q 0 0 1 rg BT 187.50 398.57 Td (Formof Restricted Stock Unit ) Tj ET Q q 0 0 1 rg BT 310.55 398.57 Td (A) Tj ET Q q 0 0 1 rg BT 316.85 398.57 Td (ward ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 387.2333984375 m 333.408203125 387.2333984375 l s q 0 0 1 rg BT 187.50 388.57 Td (Agreement under the Pinnacle ) Tj ET Q q 0 0 1 rg BT 311.16 388.57 Td (W) Tj ET Q q 0 0 1 rg BT 319.80 388.57 Td (est ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 377.2333984375 m 340.1025390625 377.2333984375 l s q 0 0 1 rg BT 187.50 378.57 Td (Capital Corporation 2012 Long-T) Tj ET Q q 0 0 1 rg BT 322.06 378.57 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 367.2333984375 m 244.98046875 367.2333984375 l s q 0 0 1 rg BT 187.50 368.57 Td (Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 398.57 Td (10.2 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 398.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 398.57 Td (est/APS March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 388.57 Td (2012 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 378.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 365.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 398.57 Td (5/3/2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 349.57 Td (10.6.6c) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 352.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 355.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 349.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 349.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 349.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 355.81 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 348.2333984375 m 329.5947265625 348.2333984375 l s q 0 0 1 rg BT 187.50 349.57 Td (Formof Performance Share ) Tj ET Q q 0 0 1 rg BT 300.80 349.57 Td (A) Tj ET Q q 0 0 1 rg BT 307.10 349.57 Td (ward ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 338.2333984375 m 333.408203125 338.2333984375 l s q 0 0 1 rg BT 187.50 339.57 Td (Agreement under the Pinnacle ) Tj ET Q q 0 0 1 rg BT 311.16 339.57 Td (W) Tj ET Q q 0 0 1 rg BT 319.80 339.57 Td (est ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 328.2333984375 m 340.1025390625 328.2333984375 l s q 0 0 1 rg BT 187.50 329.57 Td (Capital Corporation 2012 Long-T) Tj ET Q q 0 0 1 rg BT 322.06 329.57 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 318.2333984375 m 244.98046875 318.2333984375 l s q 0 0 1 rg BT 187.50 319.57 Td (Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 349.57 Td (10.6.8c to Pinnacle ) Tj ET Q q 0 0 0 rg BT 428.56 349.57 Td (W) Tj ET Q q 0 0 0 rg BT 437.51 349.57 Td (est/APS 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 339.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 329.57 Td (and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 355.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 349.57 Td (2/21/2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 300.57 Td (10.6.6d) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 82.50 303.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 267.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 300.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 300.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 300.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 267.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 299.2333984375 m 339.3408203125 299.2333984375 l s q 0 0 1 rg BT 187.50 300.57 Td (Formof Restricted Stock Unit ) Tj ET Q q 0 0 1 rg BT 310.55 300.57 Td (A) Tj ET Q q 0 0 1 rg BT 316.85 300.57 Td (ward ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 289.2333984375 m 333.408203125 289.2333984375 l s q 0 0 1 rg BT 187.50 290.57 Td (Agreement under the Pinnacle ) Tj ET Q q 0 0 1 rg BT 311.16 290.57 Td (W) Tj ET Q q 0 0 1 rg BT 319.80 290.57 Td (est ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 279.2333984375 m 340.1025390625 279.2333984375 l s q 0 0 1 rg BT 187.50 280.57 Td (Capital Corporation 2012 Long-T) Tj ET Q q 0 0 1 rg BT 322.06 280.57 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 269.2333984375 m 244.98046875 269.2333984375 l s q 0 0 1 rg BT 187.50 270.57 Td (Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 300.57 Td (10.6.8d to Pinnacle ) Tj ET Q q 0 0 0 rg BT 429.12 300.57 Td (W) Tj ET Q q 0 0 0 rg BT 438.07 300.57 Td (est/APS 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 290.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 280.57 Td (and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 306.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 300.57 Td (2/21/2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 251.57 Td (10.6.6e) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 81.94 254.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 257.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 251.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 251.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 251.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 257.81 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 250.2333984375 m 329.5947265625 250.2333984375 l s q 0 0 1 rg BT 187.50 251.57 Td (Formof Performance Share ) Tj ET Q q 0 0 1 rg BT 300.80 251.57 Td (A) Tj ET Q q 0 0 1 rg BT 307.10 251.57 Td (ward ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 240.2333984375 m 333.408203125 240.2333984375 l s q 0 0 1 rg BT 187.50 241.57 Td (Agreement under the Pinnacle ) Tj ET Q q 0 0 1 rg BT 311.16 241.57 Td (W) Tj ET Q q 0 0 1 rg BT 319.80 241.57 Td (est ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 230.2333984375 m 340.1025390625 230.2333984375 l s q 0 0 1 rg BT 187.50 231.57 Td (Capital Corporation 2012 Long-T) Tj ET Q q 0 0 1 rg BT 322.06 231.57 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 220.2333984375 m 244.98046875 220.2333984375 l s q 0 0 1 rg BT 187.50 221.57 Td (Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 251.57 Td (10.6.6e to Pinnacle ) Tj ET Q q 0 0 0 rg BT 428.56 251.57 Td (W) Tj ET Q q 0 0 0 rg BT 437.51 251.57 Td (est/APS 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 241.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 231.57 Td (and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 251.57 Td (2/19/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 202.57 Td (10.6.6f) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 80.83 205.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 169.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 202.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 202.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 202.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 169.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 201.2333984375 m 339.3408203125 201.2333984375 l s q 0 0 1 rg BT 187.50 202.57 Td (Formof Restricted Stock Unit ) Tj ET Q q 0 0 1 rg BT 310.55 202.57 Td (A) Tj ET Q q 0 0 1 rg BT 316.85 202.57 Td (ward ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 191.2333984375 m 333.408203125 191.2333984375 l s q 0 0 1 rg BT 187.50 192.57 Td (Agreement under the Pinnacle ) Tj ET Q q 0 0 1 rg BT 311.16 192.57 Td (W) Tj ET Q q 0 0 1 rg BT 319.80 192.57 Td (est ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 181.2333984375 m 340.1025390625 181.2333984375 l s q 0 0 1 rg BT 187.50 182.57 Td (Capital Corporation 2012 Long-T) Tj ET Q q 0 0 1 rg BT 322.06 182.57 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 171.2333984375 m 244.98046875 171.2333984375 l s q 0 0 1 rg BT 187.50 172.57 Td (Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 202.57 Td (10.6.6f to Pinnacle ) Tj ET Q q 0 0 0 rg BT 427.45 202.57 Td (W) Tj ET Q q 0 0 0 rg BT 436.40 202.57 Td (est/APS 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 192.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 182.57 Td (and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 202.57 Td (2/24/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 153.57 Td (10.6.6g) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 82.50 156.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 159.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 153.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 153.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 153.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 159.81 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 152.2333984375 m 329.5947265625 152.2333984375 l s q 0 0 1 rg BT 187.50 153.57 Td (Formof Performance Share ) Tj ET Q q 0 0 1 rg BT 300.80 153.57 Td (A) Tj ET Q q 0 0 1 rg BT 307.10 153.57 Td (ward ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 142.2333984375 m 333.408203125 142.2333984375 l s q 0 0 1 rg BT 187.50 143.57 Td (Agreement under the Pinnacle ) Tj ET Q q 0 0 1 rg BT 311.16 143.57 Td (W) Tj ET Q q 0 0 1 rg BT 319.80 143.57 Td (est ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 132.2333984375 m 340.1025390625 132.2333984375 l s q 0 0 1 rg BT 187.50 133.57 Td (Capital Corporation 2012 Long-T) Tj ET Q q 0 0 1 rg BT 322.06 133.57 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 122.2333984375 m 244.98046875 122.2333984375 l s q 0 0 1 rg BT 187.50 123.57 Td (Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 153.57 Td (10.6.6g to Pinnacle ) Tj ET Q q 0 0 0 rg BT 429.12 153.57 Td (W) Tj ET Q q 0 0 0 rg BT 438.07 153.57 Td (est/APS 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 143.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 133.57 Td (and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 153.57 Td (2/24/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 104.57 Td (10.6.6h) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 82.50 107.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 81.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 104.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 104.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 104.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 81.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 103.2333984375 m 333.0126953125 103.2333984375 l s q 0 0 1 rg BT 187.50 104.57 Td (Master ) Tj ET Q q 0 0 1 rg BT 217.22 104.57 Td (Amendment to Performance ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 93.2333984375 m 260.5322265625 93.2333984375 l s q 0 0 1 rg BT 187.50 94.57 Td (Share ) Tj ET Q q 0 0 1 rg BT 212.22 94.57 Td (Agreements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 104.57 Td (10.3 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.53 104.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.17 104.57 Td (est/APS March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 94.57 Td (2012 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 84.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 81.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 104.57 Td (5/3/2012) Tj ET Q endstream endobj 395 0 obj <>] /Rotate 0 /Contents 396 0 R>> endobj 396 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (193) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 711.57 Td (10.6.6i) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 80.28 714.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 688.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 711.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 711.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 688.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 710.2333984375 m 322.470703125 710.2333984375 l s q 0 0 1 rg BT 187.50 711.57 Td (Master ) Tj ET Q q 0 0 1 rg BT 217.22 711.57 Td (Amendment to Restricted ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 700.2333984375 m 280.8203125 700.2333984375 l s q 0 0 1 rg BT 187.50 701.57 Td (Stock Unit ) Tj ET Q q 0 0 1 rg BT 232.50 701.57 Td (Agreements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 711.57 Td (10.4 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 711.57 Td (est/APS March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 701.57 Td (2012 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 691.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 688.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 711.57 Td (5/3/2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 672.57 Td (10.6.6j) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 80.28 675.74 Td (bd) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 639.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 672.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 672.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 672.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 671.2333984375 m 340.6982421875 671.2333984375 l s q 0 0 1 rg BT 187.50 672.57 Td (Performance Cash ) Tj ET Q q 0 0 1 rg BT 263.03 672.57 Td (A) Tj ET Q q 0 0 1 rg BT 269.34 672.57 Td (ward ) Tj ET Q q 0 0 1 rg BT 291.27 672.57 Td (Agreement, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 661.2333984375 m 308.30078125 661.2333984375 l s q 0 0 1 rg BT 187.50 662.57 Td (dated May 10, 2017, between ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 651.2333984375 m 333.701171875 651.2333984375 l s q 0 0 1 rg BT 187.50 652.57 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 652.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 652.57 Td (est and Donald E. Brandt) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 672.57 Td (10.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 672.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 672.57 Td (est/APS June 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 662.57 Td (2017 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 652.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 672.57 Td (5/2/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 623.57 Td (10.6.6k) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 82.50 626.74 Td (bd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 623.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 623.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 623.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 622.2333984375 m 321.650390625 622.2333984375 l s q 0 0 1 rg BT 187.50 623.57 Td (First ) Tj ET Q q 0 0 1 rg BT 207.79 623.57 Td (Amendment to the Pinnacle ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 612.2333984375 m 338.8916015625 612.2333984375 l s q 0 0 1 rg BT 187.50 613.57 Td (W) Tj ET Q q 0 0 1 rg BT 196.14 613.57 Td (est Capital Corporation 2012 Long-) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 602.2333984375 m 268.4375 602.2333984375 l s q 0 0 1 rg BT 187.50 603.57 Td (T) Tj ET Q q 0 0 1 rg BT 192.91 603.57 Td (erm Incentive Plan) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 622.67 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 390.89 622.67 Td (A) Tj ET Q q 0 0 0 rg BT 397.56 622.67 Td ( to the Proxy Statement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 612.67 Td (for Pinnacle ) Tj ET Q q 0 0 0 rg BT 400.41 612.67 Td (W) Tj ET Q q 0 0 0 rg BT 409.05 612.67 Td (est) Tj ET Q q 0 0 0 rg BT 422.94 612.67 Td (s 2017 ) Tj ET Q q 0 0 0 rg BT 451.28 612.67 Td (Annual) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 602.67 Td (Meeting of Shareholders, File No.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 592.67 Td (1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 623.57 Td (3/31/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 574.57 Td (10.7.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 561.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 574.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 574.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 574.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 564.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 561.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 574.57 Td (Indenture of Lease with Navajo ) Tj ET Q q 0 0 0 rg BT 316.53 574.57 Td (T) Tj ET Q q 0 0 0 rg BT 322.37 574.57 Td (ribe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 564.57 Td (of Indians, Four Corners Plant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 574.57 Td (5.01 to ) Tj ET Q q 0 0 0 rg BT 379.50 574.57 Td (APS's Form S-7 Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 564.57 Td (Statement, File No. 2-59644) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 561.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 574.57 Td (9/1/1977) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 545.57 Td (10.7.1a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 502.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 545.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 545.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 545.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 535.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 502.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 545.57 Td (Supplemental and ) Tj ET Q q 0 0 0 rg BT 261.65 545.57 Td (Additional) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 535.57 Td (Indenture of Lease, including) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 525.57 Td (amendments and supplements to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 515.57 Td (original lease with Navajo ) Tj ET Q q 0 0 0 rg BT 295.15 515.57 Td (T) Tj ET Q q 0 0 0 rg BT 301.00 515.57 Td (ribe of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 505.57 Td (Indians, Four Corners Plant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 545.57 Td (5.02 to ) Tj ET Q q 0 0 0 rg BT 379.50 545.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 545.57 Td (s FormS-7 Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 535.57 Td (Statement, File No.2-59644) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 502.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 545.57 Td (9/1/1977) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 486.57 Td (10.7.1b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 453.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 486.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 486.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 486.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 476.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 453.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 486.57 Td (Amendment and Supplement No.1 to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 476.57 Td (Supplemental and ) Tj ET Q q 0 0 0 rg BT 261.65 476.57 Td (Additional) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 466.57 Td (Indenture of Lease Four Corners,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 456.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 211.38 456.57 Td (April25, 1985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 486.57 Td (10.36 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 421.62 486.57 Td (W) Tj ET Q q 0 0 0 rg BT 430.57 486.57 Td (est) Tj ET Q q 0 0 0 rg BT 444.33 486.57 Td (s Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 476.57 Td (Statement on Form 8-B Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 466.57 Td (No.1-89) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 453.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 486.57 Td (7/25/1985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 437.57 Td (10.7.1c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 404.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 437.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 437.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 437.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 427.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 404.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 436.2333984375 m 341.6455078125 436.2333984375 l s q 0 0 1 rg BT 187.50 437.57 Td (Amendment and Supplement No.2 to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 426.2333984375 m 306.650390625 426.2333984375 l s q 0 0 1 rg BT 187.50 427.57 Td (Supplemental and ) Tj ET Q q 0 0 1 rg BT 261.38 427.57 Td (Additional ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 416.2333984375 m 331.3330078125 416.2333984375 l s q 0 0 1 rg BT 187.50 417.57 Td (Indenture of Lease with the Navajo ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 406.2333984375 m 299.599609375 406.2333984375 l s q 0 0 1 rg BT 187.50 407.57 Td (Nation dated March7, 201) Tj ET Q q 0 0 1 rg BT 294.60 407.57 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 437.57 Td (10.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 437.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 437.57 Td (est/APS March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 427.57 Td (201) Tj ET Q q 0 0 0 rg BT 364.31 427.57 Td (1 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 417.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 404.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 437.57 Td (4/29/201) Tj ET Q q 0 0 0 rg BT 551.27 437.57 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 388.57 Td (10.7.1d) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 355.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 388.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 388.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 388.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 378.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 355.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 387.2333984375 m 341.6455078125 387.2333984375 l s q 0 0 1 rg BT 187.50 388.57 Td (Amendment and Supplement No.3 to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 377.2333984375 m 306.650390625 377.2333984375 l s q 0 0 1 rg BT 187.50 378.57 Td (Supplemental and ) Tj ET Q q 0 0 1 rg BT 261.38 378.57 Td (Additional ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 367.2333984375 m 331.3330078125 367.2333984375 l s q 0 0 1 rg BT 187.50 368.57 Td (Indenture of Lease with the Navajo ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 357.2333984375 m 299.599609375 357.2333984375 l s q 0 0 1 rg BT 187.50 358.57 Td (Nation dated March7, 201) Tj ET Q q 0 0 1 rg BT 294.60 358.57 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 388.57 Td (10.2 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 388.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 388.57 Td (est/APS March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 378.57 Td (201) Tj ET Q q 0 0 0 rg BT 364.31 378.57 Td (1 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 368.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 355.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 388.57 Td (4/29/201) Tj ET Q q 0 0 0 rg BT 551.27 388.57 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 339.57 Td (10.7.2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 316.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 339.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 339.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 339.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 329.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 316.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 339.57 Td (Application and Grant of multi-party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 329.57 Td (rights-of-way and easements, Four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 319.57 Td (Corners Plant Site) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 339.57 Td (5.04 to ) Tj ET Q q 0 0 0 rg BT 379.50 339.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 339.57 Td (s FormS-7 Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 329.57 Td (Statement, File No.2-59644) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 316.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 339.57 Td (9/1/1977) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 300.57 Td (10.7.2a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 267.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 300.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 300.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 300.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 290.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 267.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 300.57 Td (Application and ) Tj ET Q q 0 0 0 rg BT 253.87 300.57 Td (Amendment No.1 to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 290.57 Td (Grant of multi-party rights-of-way) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 280.57 Td (and easements, Four Corners Site) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 270.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 211.38 270.57 Td (April25, 1985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 300.57 Td (10.37 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 421.62 300.57 Td (W) Tj ET Q q 0 0 0 rg BT 430.57 300.57 Td (est) Tj ET Q q 0 0 0 rg BT 444.33 300.57 Td (s Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 290.57 Td (Statement on Form8-B, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 280.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 267.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 300.57 Td (7/25/1985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 251.57 Td (10.7.3) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 228.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 251.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 251.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 251.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 241.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 228.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 251.57 Td (Application and Grant of ) Tj ET Q q 0 0 0 rg BT 289.97 251.57 Td (APS rights-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 241.57 Td (of-way and easements, Four Corners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 231.57 Td (Site) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 251.57 Td (5.05 to ) Tj ET Q q 0 0 0 rg BT 379.50 251.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 251.57 Td (s FormS-7 Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 241.57 Td (Statement, File No.2-59644) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 228.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 251.57 Td (9/1/1977) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 212.57 Td (10.7.3a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 179.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 212.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 212.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 212.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 202.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 179.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 212.57 Td (Application and ) Tj ET Q q 0 0 0 rg BT 253.87 212.57 Td (Amendment No.1 to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 202.57 Td (Grant of ) Tj ET Q q 0 0 0 rg BT 223.32 202.57 Td (APS rights-of-way and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 192.57 Td (easements, Four Corners Site dated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 182.57 Td (April25, 1985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 212.57 Td (10.38 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 421.62 212.57 Td (W) Tj ET Q q 0 0 0 rg BT 430.57 212.57 Td (est) Tj ET Q q 0 0 0 rg BT 444.33 212.57 Td (s Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 202.57 Td (Statement on Form8-B, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 192.57 Td (No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 179.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 212.57 Td (7/25/1985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 163.57 Td (10.7.4a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 150.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 163.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 163.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 163.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 153.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 150.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 162.2333984375 m 325.1025390625 162.2333984375 l s q 0 0 1 rg BT 187.50 163.57 Td (Four Corners Project Co-T) Tj ET Q q 0 0 1 rg BT 294.29 163.57 Td (enancy ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 152.2333984375 m 308.02734375 152.2333984375 l s q 0 0 1 rg BT 187.50 153.57 Td (Agreement ) Tj ET Q q 0 0 1 rg BT 233.87 153.57 Td (Amendment No.6) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 163.57 Td (10.7 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 163.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 163.57 Td (est) Tj ET Q q 0 0 0 rg BT 439.33 163.57 Td (s 2000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 153.57 Td (Form10-K Report, File No.1-8962) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 150.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 163.57 Td (3/14/2001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 134.57 Td (10.7.4b) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 134.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 134.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 134.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 124.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 133.2333984375 m 325.1025390625 133.2333984375 l s q 0 0 1 rg BT 187.50 134.57 Td (Four Corners Project Co-T) Tj ET Q q 0 0 1 rg BT 294.29 134.57 Td (enancy ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 123.2333984375 m 337.1826171875 123.2333984375 l s q 0 0 1 rg BT 187.50 124.57 Td (Agreement ) Tj ET Q q 0 0 1 rg BT 233.87 124.57 Td (Amendment No. 7, dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 113.2333984375 m 334.98046875 113.2333984375 l s q 0 0 1 rg BT 187.50 114.57 Td (December 30, 2013, among ) Tj ET Q q 0 0 1 rg BT 300.25 114.57 Td (APS, El ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 103.2333984375 m 313.7744140625 103.2333984375 l s q 0 0 1 rg BT 187.50 104.57 Td (Paso Electric Company) Tj ET Q q 0 0 1 rg BT 280.72 104.57 Td (, Public ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 93.2333984375 m 329.130859375 93.2333984375 l s q 0 0 1 rg BT 187.50 94.57 Td (Service Company of New Mexico, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 83.2333984375 m 314.4580078125 83.2333984375 l s q 0 0 1 rg BT 187.50 84.57 Td (SRP) Tj ET Q q 0 0 1 rg BT 204.18 84.57 Td (, SCE, and ) Tj ET Q q 0 0 1 rg BT 249.28 84.57 Td (T) Tj ET Q q 0 0 1 rg BT 255.04 84.57 Td (ucson Electric ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 73.2333984375 m 254.4384765625 73.2333984375 l s q 0 0 1 rg BT 187.50 74.57 Td (Power Company) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 134.57 Td (10.3 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.53 134.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.17 134.57 Td (est/APS March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 124.57 Td (2014 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 114.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 134.57 Td (5/2/2014) Tj ET Q endstream endobj 397 0 obj <>] /Rotate 0 /Contents 398 0 R>> endobj 398 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (194) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 711.57 Td (10.8.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 698.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 711.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 711.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 701.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 698.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 711.57 Td (Indenture of Lease, Navajo Units 1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 701.57 Td (2, and 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 711.57 Td (5\(g\)to ) Tj ET Q q 0 0 0 rg BT 378.66 711.57 Td (APS) Tj ET Q q 0 0 0 rg BT 399.79 711.57 Td (s FormS-7 Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 701.57 Td (Statement, File No.2-36505) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 698.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 711.57 Td (3/23/1970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 682.57 Td (10.8.2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 669.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 682.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 682.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 682.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 672.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 669.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 682.57 Td (Application of Grant of rights-of-way) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 672.57 Td (and easements, Navajo Plant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 682.57 Td (5\(h\)to ) Tj ET Q q 0 0 0 rg BT 378.66 682.57 Td (APS FormS-7 Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 672.57 Td (Statement, File No.2-36505) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 669.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 682.57 Td (3/23/1970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 653.57 Td (10.8.3) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 620.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 653.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 653.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 653.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 643.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 620.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 653.57 Td (W) Tj ET Q q 0 0 0 rg BT 196.54 653.57 Td (ater Service Contract ) Tj ET Q q 0 0 0 rg BT 282.77 653.57 Td (Assignment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 643.57 Td (with the United States Department of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 633.57 Td (Interior) Tj ET Q q 0 0 0 rg BT 217.29 633.57 Td (, Bureau of Reclamation,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 623.57 Td (Navajo Plant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 653.57 Td (5\(l\)to ) Tj ET Q q 0 0 0 rg BT 376.44 653.57 Td (APS) Tj ET Q q 0 0 0 rg BT 397.56 653.57 Td (s FormS-7 Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 643.57 Td (Statement, File No.2-394442) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 620.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 653.57 Td (3/16/1971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 604.57 Td (10.8.4) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 481.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 604.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 604.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 604.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 594.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 481.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 603.2333984375 m 300.927734375 603.2333984375 l s q 0 0 1 rg BT 187.50 604.57 Td (Navajo Project Co-T) Tj ET Q q 0 0 1 rg BT 270.11 604.57 Td (enancy ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 593.2333984375 m 323.837890625 593.2333984375 l s q 0 0 1 rg BT 187.50 594.57 Td (Agreement dated as of March23, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 583.2333984375 m 334.697265625 583.2333984375 l s q 0 0 1 rg BT 187.50 584.57 Td (1976, and Supplement No.1 thereto ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 573.2333984375 m 308.0224609375 573.2333984375 l s q 0 0 1 rg BT 187.50 574.57 Td (dated as of October18, 1976, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 563.2333984375 m 339.140625 563.2333984375 l s q 0 0 1 rg BT 187.50 564.57 Td (Amendment No.1 dated as of July5, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 553.2333984375 m 340.52734375 553.2333984375 l s q 0 0 1 rg BT 187.50 554.57 Td (1988, and ) Tj ET Q q 0 0 1 rg BT 228.89 554.57 Td (Amendment No.2 dated as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 543.2333984375 m 335.5419921875 543.2333984375 l s q 0 0 1 rg BT 187.50 544.57 Td (of June14, 1996; ) Tj ET Q q 0 0 1 rg BT 258.89 544.57 Td (Amendment No.3 ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 533.2333984375 m 311.8212890625 533.2333984375 l s q 0 0 1 rg BT 187.50 534.57 Td (dated as of February1) Tj ET Q q 0 0 1 rg BT 276.54 534.57 Td (1, 1997; ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 523.2333984375 m 309.970703125 523.2333984375 l s q 0 0 1 rg BT 187.50 524.57 Td (Amendment No.4 dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 513.2333984375 m 337.48046875 513.2333984375 l s q 0 0 1 rg BT 187.50 514.57 Td (January21, 1997; ) Tj ET Q q 0 0 1 rg BT 260.83 514.57 Td (Amendment No.5 ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 503.2333984375 m 307.1923828125 503.2333984375 l s q 0 0 1 rg BT 187.50 504.57 Td (dated as of January23, 1998; ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 493.2333984375 m 309.970703125 493.2333984375 l s q 0 0 1 rg BT 187.50 494.57 Td (Amendment No.6 dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 483.2333984375 m 241.669921875 483.2333984375 l s q 0 0 1 rg BT 187.50 484.57 Td (July31, 1998) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 604.57 Td (10.107 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 426.62 604.57 Td (W) Tj ET Q q 0 0 0 rg BT 435.57 604.57 Td (est/APS 2005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 594.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 584.57 Td (and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 481.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 604.57 Td (3/13/2006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 465.57 Td (10.8.5) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 392.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 465.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 465.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 465.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 455.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 392.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 464.2333984375 m 303.30078125 464.2333984375 l s q 0 0 1 rg BT 187.50 465.57 Td (Navajo Project Participation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 454.2333984375 m 340.5029296875 454.2333984375 l s q 0 0 1 rg BT 187.50 455.57 Td (Agreement dated as of September30, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 444.2333984375 m 297.7587890625 444.2333984375 l s q 0 0 1 rg BT 187.50 445.57 Td (1969, and ) Tj ET Q q 0 0 1 rg BT 228.89 445.57 Td (Amendment and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 434.2333984375 m 308.310546875 434.2333984375 l s q 0 0 1 rg BT 187.50 435.57 Td (Supplement No.1 dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 424.2333984375 m 333.310546875 424.2333984375 l s q 0 0 1 rg BT 187.50 425.57 Td (January16, 1970, and Coordinating ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 414.2333984375 m 340.517578125 414.2333984375 l s q 0 0 1 rg BT 187.50 415.57 Td (Committee ) Tj ET Q q 0 0 1 rg BT 233.89 415.57 Td (Agreement No.1 dated as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 404.2333984375 m 278.59375 404.2333984375 l s q 0 0 1 rg BT 187.50 405.57 Td (of September30, 1971) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 465.57 Td (10.108 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 426.62 465.57 Td (W) Tj ET Q q 0 0 0 rg BT 435.57 465.57 Td (est/APS 2005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 455.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 445.57 Td (and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 392.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 465.57 Td (3/13/2006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 376.57 Td (10.9.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 303.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 376.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 376.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 376.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 366.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 303.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 376.57 Td (ANPP) Tj ET Q q 0 0 0 rg BT 212.88 376.57 Td ( Participation ) Tj ET Q q 0 0 0 rg BT 268.52 376.57 Td (Agreement, dated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 366.57 Td (August23, 1973, among ) Tj ET Q q 0 0 0 rg BT 288.33 366.57 Td (APS, SRP) Tj ET Q q 0 0 0 rg BT 328.64 366.57 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 356.57 Td (SCE, Public Service Company of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 346.57 Td (New Mexico, El Paso, Southern) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 336.57 Td (California Public Power ) Tj ET Q q 0 0 0 rg BT 286.37 336.57 Td (Authority) Tj ET Q q 0 0 0 rg BT 324.66 336.57 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 326.57 Td (and Department of ) Tj ET Q q 0 0 0 rg BT 264.88 326.57 Td (W) Tj ET Q q 0 0 0 rg BT 273.83 326.57 Td (ater and Power) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 316.57 Td (of the City of Los ) Tj ET Q q 0 0 0 rg BT 260.83 316.57 Td (Angeles, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 306.57 Td (amendments 1-12 thereto) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 376.57 Td (10. 1 to ) Tj ET Q q 0 0 0 rg BT 382.00 376.57 Td (APS) Tj ET Q q 0 0 0 rg BT 403.13 376.57 Td (s 1988 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 366.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 303.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 376.57 Td (3/8/1989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 287.57 Td (10.9.1a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 204.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 287.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 287.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 287.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 277.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 204.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 287.57 Td (Amendment No.13, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 277.57 Td (April22, 1991, to ) Tj ET Q q 0 0 0 rg BT 261.11 277.57 Td (ANPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 267.57 Td (Participation ) Tj ET Q q 0 0 0 rg BT 240.82 267.57 Td (Agreement, dated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 257.57 Td (August23, 1973, among ) Tj ET Q q 0 0 0 rg BT 288.33 257.57 Td (APS, SRP) Tj ET Q q 0 0 0 rg BT 328.64 257.57 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 247.57 Td (SCE, Public Service Company of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 237.57 Td (New Mexico, El Paso, Southern) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 227.57 Td (California Public Power ) Tj ET Q q 0 0 0 rg BT 286.37 227.57 Td (Authority) Tj ET Q q 0 0 0 rg BT 324.66 227.57 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 217.57 Td (and Department of ) Tj ET Q q 0 0 0 rg BT 264.88 217.57 Td (W) Tj ET Q q 0 0 0 rg BT 273.83 217.57 Td (ater and 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0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 187.2333984375 m 306.5771484375 187.2333984375 l s q 0 0 1 rg BT 187.50 188.57 Td (Amendment No.14 to ) Tj ET Q q 0 0 1 rg BT 278.88 188.57 Td (ANPP) Tj ET Q q 0 0 1 rg BT 304.08 188.57 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 177.2333984375 m 314.1259765625 177.2333984375 l s q 0 0 1 rg BT 187.50 178.57 Td (Participation ) Tj ET Q q 0 0 1 rg BT 240.55 178.57 Td (Agreement, dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 167.2333984375 m 333.0859375 167.2333984375 l s q 0 0 1 rg BT 187.50 168.57 Td (August23, 1973, among ) Tj ET Q q 0 0 1 rg BT 288.06 168.57 Td (APS, SRP) Tj ET Q q 0 0 1 rg BT 328.09 168.57 Td (, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 157.2333984375 m 323.5986328125 157.2333984375 l s q 0 0 1 rg BT 187.50 158.57 Td (SCE, Public Service Company of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 147.2333984375 m 318.3154296875 147.2333984375 l s q 0 0 1 rg BT 187.50 148.57 Td (New Mexico, El Paso, Southern ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 137.2333984375 m 329.3359375 137.2333984375 l s q 0 0 1 rg BT 187.50 138.57 Td (California Public Power ) Tj ET Q q 0 0 1 rg BT 286.10 138.57 Td (Authority) Tj ET Q q 0 0 1 rg BT 324.34 138.57 Td (, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 127.2333984375 m 335.9033203125 127.2333984375 l s q 0 0 1 rg BT 187.50 128.57 Td (and Department of ) Tj ET Q q 0 0 1 rg BT 264.79 128.57 Td (W) Tj ET Q q 0 0 1 rg BT 273.43 128.57 Td (ater and Power ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 117.2333984375 m 293.3203125 117.2333984375 l s q 0 0 1 rg BT 187.50 118.57 Td (of the City of Los ) Tj ET Q q 0 0 1 rg BT 260.55 118.57 Td (Angeles) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 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183.50 628.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 710.2333984375 m 295.810546875 710.2333984375 l s q 0 0 1 rg BT 187.50 711.57 Td (Amendment No.15, dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 700.2333984375 m 309.62890625 700.2333984375 l s q 0 0 1 rg BT 187.50 701.57 Td (November29, 2010, to ) Tj ET Q q 0 0 1 rg BT 281.93 701.57 Td (ANPP) Tj ET Q q 0 0 1 rg BT 307.13 701.57 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 690.2333984375 m 314.1259765625 690.2333984375 l s q 0 0 1 rg BT 187.50 691.57 Td (Participation ) Tj ET Q q 0 0 1 rg BT 240.55 691.57 Td (Agreement, dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 680.2333984375 m 333.0859375 680.2333984375 l s q 0 0 1 rg BT 187.50 681.57 Td (August23, 1973, among ) Tj ET Q q 0 0 1 rg BT 288.06 681.57 Td (APS, SRP) Tj ET Q q 0 0 1 rg BT 328.09 681.57 Td (, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 670.2333984375 m 323.5986328125 670.2333984375 l s q 0 0 1 rg BT 187.50 671.57 Td (SCE, Public Service Company of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 660.2333984375 m 318.3154296875 660.2333984375 l s q 0 0 1 rg BT 187.50 661.57 Td (New Mexico, El Paso, Southern ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 650.2333984375 m 329.3359375 650.2333984375 l s q 0 0 1 rg BT 187.50 651.57 Td (California Public Power ) Tj ET Q q 0 0 1 rg BT 286.10 651.57 Td (Authority) Tj ET Q q 0 0 1 rg BT 324.34 651.57 Td (, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 640.2333984375 m 335.9033203125 640.2333984375 l s q 0 0 1 rg BT 187.50 641.57 Td (and Department of ) Tj ET Q q 0 0 1 rg BT 264.79 641.57 Td (W) Tj ET Q q 0 0 1 rg BT 273.43 641.57 Td (ater and Power ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 630.2333984375 m 293.3203125 630.2333984375 l s q 0 0 1 rg BT 187.50 631.57 Td (of the City of Los ) Tj ET Q q 0 0 1 rg BT 260.55 631.57 Td (Angeles) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 711.57 Td (10.9.1c to Pinnacle ) Tj ET Q q 0 0 0 rg BT 428.56 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 437.51 711.57 Td (est/APS 2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 701.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 691.57 Td (and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 628.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 711.57 Td (2/18/201) Tj ET Q q 0 0 0 rg BT 551.27 711.57 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 612.57 Td (10.9.1d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 612.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 612.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 612.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 602.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 611.2333984375 m 333.8671875 611.2333984375 l s q 0 0 1 rg BT 187.50 612.57 Td (Amendment No. 16, dated ) Tj ET Q q 0 0 1 rg BT 295.26 612.57 Td (April 28, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 601.2333984375 m 306.0205078125 601.2333984375 l s q 0 0 1 rg BT 187.50 602.57 Td (2014, to ) Tj ET Q q 0 0 1 rg BT 224.73 602.57 Td (ANPP) Tj ET Q q 0 0 1 rg BT 249.92 602.57 Td ( Participation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 591.2333984375 m 331.9189453125 591.2333984375 l s q 0 0 1 rg BT 187.50 592.57 Td (Agreement, dated ) Tj ET Q q 0 0 1 rg BT 260.53 592.57 Td (August 23, 1973, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 581.2333984375 m 313.0908203125 581.2333984375 l s q 0 0 1 rg BT 187.50 582.57 Td (among ) Tj ET Q q 0 0 1 rg BT 216.67 582.57 Td (APS, SRP) Tj ET Q q 0 0 1 rg BT 256.69 582.57 Td (, SCE, Public ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 571.2333984375 m 340.517578125 571.2333984375 l s q 0 0 1 rg BT 187.50 572.57 Td (Service Company of New Mexico, El ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 561.2333984375 m 321.0986328125 561.2333984375 l s q 0 0 1 rg BT 187.50 562.57 Td (Paso, Southern California Public ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 551.2333984375 m 335.7080078125 551.2333984375 l s q 0 0 1 rg BT 187.50 552.57 Td (Power ) Tj ET Q q 0 0 1 rg BT 215.00 552.57 Td (Authority) Tj ET Q q 0 0 1 rg BT 253.24 552.57 Td (, and Department of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 541.2333984375 m 332.216796875 541.2333984375 l s q 0 0 1 rg BT 187.50 542.57 Td (W) Tj ET Q q 0 0 1 rg BT 196.14 542.57 Td (ater and Power of the City of Los ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 531.2333984375 m 220.2685546875 531.2333984375 l s q 0 0 1 rg BT 187.50 532.57 Td (Angeles) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 612.57 Td (10.2 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 612.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 612.57 Td (est/APS March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 602.57 Td (2014 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 592.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 612.57 Td (5/2/2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 513.57 Td (10.10.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 470.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 513.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 513.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 513.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 503.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 470.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 513.57 Td (Asset Purchase and Power Exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 503.57 Td (Agreement dated September21, 1990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 493.57 Td (between ) Tj ET Q q 0 0 0 rg BT 223.04 493.57 Td (APS and PacifiCorp, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 483.57 Td (amended as of October1) Tj ET Q q 0 0 0 rg BT 287.28 483.57 Td (1, 1990 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 473.57 Td (as of July18, 1991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 513.57 Td (10.1 to ) Tj ET Q q 0 0 0 rg BT 379.50 513.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 513.57 Td (s June30, 1991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 503.57 Td (Form10-Q Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 470.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 513.57 Td (8/8/1991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 454.57 Td (10.10.2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 411.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 454.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 454.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 454.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 444.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 411.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 454.57 Td (Long-T) Tj ET Q q 0 0 0 rg BT 217.70 454.57 Td (erm Power ) Tj ET Q q 0 0 0 rg BT 263.36 454.57 Td (T) Tj ET Q q 0 0 0 rg BT 269.20 454.57 Td (ransaction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 444.57 Td (Agreement dated September21, 1990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 434.57 Td (between ) Tj ET Q q 0 0 0 rg BT 223.04 434.57 Td (APS and PacifiCorp, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 424.57 Td (amended as of October1) Tj ET Q q 0 0 0 rg BT 287.28 424.57 Td (1, 1990, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 414.57 Td (as of July8, 1991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 454.57 Td (10.2 to ) Tj ET Q q 0 0 0 rg BT 379.50 454.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 454.57 Td (s June30, 1991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 444.57 Td (Form10-Q Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 411.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 454.57 Td (8/8/1991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 395.57 Td (10.10.2a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 342.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 395.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 395.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 395.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 385.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 342.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 394.2333984375 m 321.3671875 394.2333984375 l s q 0 0 1 rg BT 187.50 395.57 Td (Amendment No.1 dated ) Tj ET Q q 0 0 1 rg BT 287.76 395.57 Td (April5, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 384.2333984375 m 310.9423828125 384.2333984375 l s q 0 0 1 rg BT 187.50 385.57 Td (1995 to the Long-T) Tj ET Q q 0 0 1 rg BT 264.84 385.57 Td (erm Power ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 374.2333984375 m 324.3310546875 374.2333984375 l s q 0 0 1 rg BT 187.50 375.57 Td (T) Tj ET Q q 0 0 1 rg BT 193.26 375.57 Td (ransaction ) Tj ET Q q 0 0 1 rg BT 236.30 375.57 Td (Agreement and ) Tj ET Q q 0 0 1 rg BT 299.61 375.57 Td (Asset ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 364.2333984375 m 313.0126953125 364.2333984375 l s q 0 0 1 rg BT 187.50 365.57 Td (Purchase and Power Exchange ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 354.2333984375 m 333.0029296875 354.2333984375 l s q 0 0 1 rg BT 187.50 355.57 Td (Agreement between PacifiCorp and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 344.2333984375 m 205.8447265625 344.2333984375 l s q 0 0 1 rg BT 187.50 345.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 395.57 Td (10.3 to ) Tj ET Q q 0 0 0 rg BT 379.50 395.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 395.57 Td (s 1995 Form10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 385.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 342.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 395.57 Td (3/29/1996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 326.57 Td (10.10.3) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 303.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 326.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 326.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 326.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 316.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 303.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 325.2333984375 m 326.66015625 325.2333984375 l s q 0 0 1 rg BT 187.50 326.57 Td (Restated ) Tj ET Q q 0 0 1 rg BT 224.25 326.57 Td (T) Tj ET Q q 0 0 1 rg BT 230.01 326.57 Td (ransmission ) Tj ET Q q 0 0 1 rg BT 279.74 326.57 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 315.2333984375 m 330.52734375 315.2333984375 l s q 0 0 1 rg BT 187.50 316.57 Td (between PacifiCorp and ) Tj ET Q q 0 0 1 rg BT 285.53 316.57 Td (APS dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 305.2333984375 m 241.1083984375 305.2333984375 l s q 0 0 1 rg BT 187.50 306.57 Td (April5, 1995) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 326.57 Td (10.4 to ) Tj ET Q q 0 0 0 rg BT 379.50 326.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 326.57 Td (s 1995 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 316.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 303.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 326.57 Td (3/29/1996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 287.57 Td (10.10.4) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 234.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 287.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 287.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 287.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 277.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 234.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 286.2333984375 m 339.70703125 286.2333984375 l s q 0 0 1 rg BT 187.50 287.57 Td (Contract among PacifiCorp, ) Tj ET Q q 0 0 1 rg BT 301.92 287.57 Td (APS and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 276.2333984375 m 294.814453125 276.2333984375 l s q 0 0 1 rg BT 187.50 277.57 Td (DOE ) Tj ET Q q 0 0 1 rg BT 210.37 277.57 Td (W) Tj ET Q q 0 0 1 rg BT 219.01 277.57 Td (estern ) Tj ET Q q 0 0 1 rg BT 244.83 277.57 Td (Area Power ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 266.2333984375 m 314.970703125 266.2333984375 l s q 0 0 1 rg BT 187.50 267.57 Td (Administration, Salt Lake ) Tj ET Q q 0 0 1 rg BT 293.04 267.57 Td (Area ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 256.2333984375 m 301.357421875 256.2333984375 l s q 0 0 1 rg BT 187.50 257.57 Td (Integrated Projects for Firm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 246.2333984375 m 331.005859375 246.2333984375 l s q 0 0 1 rg BT 187.50 247.57 Td (T) Tj ET Q q 0 0 1 rg BT 193.26 247.57 Td (ransmission Service dated May5, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 236.2333984375 m 207.5 236.2333984375 l s q 0 0 1 rg BT 187.50 237.57 Td (1995) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 287.57 Td (10.5 to ) Tj ET Q q 0 0 0 rg BT 379.50 287.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 287.57 Td (s 1995 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 277.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 234.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 287.57 Td (3/29/1996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 218.57 Td (10.10.5) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 185.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 218.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 218.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 218.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 208.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 185.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 217.2333984375 m 321.650390625 217.2333984375 l s q 0 0 1 rg BT 187.50 218.57 Td (Reciprocal ) Tj ET Q q 0 0 1 rg BT 233.13 218.57 Td (T) Tj ET Q q 0 0 1 rg BT 238.89 218.57 Td (ransmission Service ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 207.2333984375 m 307.470703125 207.2333984375 l s q 0 0 1 rg BT 187.50 208.57 Td (Agreement between ) Tj ET Q q 0 0 1 rg BT 269.69 208.57 Td (APS and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 197.2333984375 m 337.7392578125 197.2333984375 l s q 0 0 1 rg BT 187.50 198.57 Td (PacifiCorp dated as of March2, 1994) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 218.57 Td (10.6 to ) Tj ET Q q 0 0 0 rg BT 379.50 218.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 218.57 Td (s 1995 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 208.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 185.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 218.57 Td (3/29/1996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 169.57 Td (10.1) Tj ET Q q 0 0 0 rg BT 69.81 169.57 Td (1.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 63.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 169.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 169.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 169.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 63.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 168.2333984375 m 326.19140625 168.2333984375 l s q 0 0 1 rg BT 187.50 169.57 Td (T) Tj ET Q q 0 0 1 rg BT 192.91 169.57 Td (erm Loan ) Tj ET Q q 0 0 1 rg BT 233.45 169.57 Td (Agreement dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 158.2333984375 m 335.234375 158.2333984375 l s q 0 0 1 rg BT 187.50 159.57 Td (December 31, 2014 among Pinnacle ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 148.2333984375 m 338.8671875 148.2333984375 l s q 0 0 1 rg BT 187.50 149.57 Td (W) Tj ET Q q 0 0 1 rg BT 196.14 149.57 Td (est, as Borrower) Tj ET Q q 0 0 1 rg BT 261.00 149.57 Td (, JPMor) Tj ET Q q 0 0 1 rg BT 294.99 149.57 Td (gan Chase ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 138.2333984375 m 321.66015625 138.2333984375 l s q 0 0 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0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 699.3333984375004 m 325.810546875 699.3333984375004 l s q 0 0 1 rg BT 187.50 700.67 Td (of May 13, 2016, among Pinnacle ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 689.3333984375004 m 327.08984375 689.3333984375004 l s q 0 0 1 rg BT 187.50 690.67 Td (W) Tj ET Q q 0 0 1 rg BT 196.14 690.67 Td (est, as Borrower) Tj ET Q q 0 0 1 rg BT 261.00 690.67 Td (, Barclays Bank ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 679.3333984375004 m 339.43359375 679.3333984375004 l s q 0 0 1 rg BT 187.50 680.67 Td (PLC, as ) Tj ET Q q 0 0 1 rg BT 221.12 680.67 Td (Agent and Issuing Bank, and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 669.3333984375004 m 330.498046875 669.3333984375004 l s q 0 0 1 rg BT 187.50 670.67 Td (the lenders and other parties thereto) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 711.57 Td (10.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 711.57 Td (est/APS June 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 701.57 Td (2016 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 691.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 711.57 Td (8/2/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 652.57 Td (10.1) Tj ET Q q 0 0 0 rg BT 69.81 652.57 Td (1.2a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 652.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 652.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 652.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 651.2333984375 m 316.4697265625 651.2333984375 l s q 0 0 1 rg BT 187.50 652.57 Td (Amendment No. 1 to Five-Y) Tj ET Q q 0 0 1 rg BT 301.76 652.57 Td (ear ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 641.2333984375 m 328.0126953125 641.2333984375 l s q 0 0 1 rg BT 187.50 642.57 Td (Credit ) Tj ET Q q 0 0 1 rg BT 214.44 642.57 Td (Agreement dated as of May ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 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to Pinnacle ) Tj ET Q q 0 0 0 rg BT 433.19 652.57 Td (W) Tj ET Q q 0 0 0 rg BT 442.14 652.57 Td (est/APS June) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 642.57 Td (30, 2017 Form10-Q Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 632.57 Td (Nos. 1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 599.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 652.57 Td (8/3/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 583.57 Td (10.1) Tj ET Q q 0 0 0 rg BT 69.81 583.57 Td (1.3) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 530.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 583.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 583.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 583.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 530.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 582.2333984375 m 331.62109375 582.2333984375 l s q 0 0 1 rg BT 187.50 583.57 Td (364-day Credit ) Tj ET Q q 0 0 1 rg BT 249.71 583.57 Td (Agreement dated as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 572.2333984375 m 335.8203125 572.2333984375 l s q 0 0 1 rg BT 187.50 573.57 Td (of ) Tj ET Q q 0 0 1 rg BT 197.78 573.57 Td (August 31, 2016, among Pinnacle ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 562.2333984375 m 318.30078125 562.2333984375 l s q 0 0 1 rg BT 187.50 563.57 Td (W) Tj ET Q q 0 0 1 rg BT 196.14 563.57 Td (est, as Borrower) Tj ET Q q 0 0 1 rg BT 261.00 563.57 Td (, ) Tj ET Q q 0 0 1 rg BT 265.82 563.57 Td (The Bank of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 552.2333984375 m 341.806640625 552.2333984375 l s q 0 0 1 rg BT 187.50 553.57 Td (T) Tj ET Q q 0 0 1 rg BT 192.91 553.57 Td (okyo-Mitsubishi UFJ, Ltd., as ) Tj ET Q q 0 0 1 rg BT 314.87 553.57 Td (Agent ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 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Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 482.33339843750036 m 311.2841796875 482.33339843750036 l s q 0 0 1 rg BT 187.50 483.67 Td (Borrower) Tj ET Q q 0 0 1 rg BT 225.42 483.67 Td (, ) Tj ET Q q 0 0 1 rg BT 230.24 483.67 Td (The Bank of ) Tj ET Q q 0 0 1 rg BT 282.54 483.67 Td (T) Tj ET Q q 0 0 1 rg BT 287.95 483.67 Td (okyo-) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 472.33339843750036 m 330.0048828125 472.33339843750036 l s q 0 0 1 rg BT 187.50 473.67 Td (Mitsubishi UFJ, Ltd., as ) Tj ET Q q 0 0 1 rg BT 286.13 473.67 Td (Agent and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 462.33339843750036 m 324.970703125 462.33339843750036 l s q 0 0 1 rg BT 187.50 463.67 Td (Issuing Bank, and the lenders and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 452.33339843750036 m 267.4658203125 452.33339843750036 l s q 0 0 1 rg BT 187.50 453.67 Td 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BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 392.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 434.2333984375 m 338.388671875 434.2333984375 l s q 0 0 1 rg BT 187.50 435.57 Td (Five-Y) Tj ET Q q 0 0 1 rg BT 214.83 435.57 Td (ear Credit ) Tj ET Q q 0 0 1 rg BT 256.48 435.57 Td (Agreement dated as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 424.2333984375 m 320 424.2333984375 l s q 0 0 1 rg BT 187.50 425.57 Td (of June 29, 2017 among ) Tj ET Q q 0 0 1 rg BT 285.83 425.57 Td (APS, as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 414.2333984375 m 325.68359375 414.2333984375 l s q 0 0 1 rg BT 187.50 415.57 Td (Borrower) Tj ET Q q 0 0 1 rg BT 225.42 415.57 Td (, Barclays Bank PLC, as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 404.2333984375 m 320.5322265625 404.2333984375 l s q 0 0 1 rg BT 187.50 405.57 Td (Agent and Issuing Bank, and the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 394.2333984375 m 315.78125 394.2333984375 l s q 0 0 1 rg BT 187.50 395.57 Td (lenders and other parties thereto) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 435.57 Td (10.2 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 435.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 435.57 Td (est/APS June 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 425.57 Td (2017 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 415.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 392.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 435.57 Td (8/3/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 380.57 Td (10.1) Tj ET Q q 0 0 0 rg BT 69.81 380.57 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 380.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 380.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 380.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 370.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 379.2333984375 m 326.19140625 379.2333984375 l s q 0 0 1 rg BT 187.50 380.57 Td (T) Tj ET Q q 0 0 1 rg BT 192.91 380.57 Td (erm Loan ) Tj ET Q q 0 0 1 rg BT 233.45 380.57 Td (Agreement dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 369.2333984375 m 309.169921875 369.2333984375 l s q 0 0 1 rg BT 187.50 370.57 Td (June 26, 2015 among ) Tj ET Q q 0 0 1 rg BT 275.00 370.57 Td (APS, as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 359.2333984375 m 339.6533203125 359.2333984375 l s q 0 0 1 rg BT 187.50 360.57 Td (Borrower) Tj ET Q q 0 0 1 rg BT 225.42 360.57 Td (, ) Tj ET Q q 0 0 1 rg BT 230.24 360.57 Td (T) Tj ET Q q 0 0 1 rg BT 235.65 360.57 Td (oronto Dominion \(T) Tj ET Q q 0 0 1 rg BT 316.05 360.57 Td (exas\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 349.2333984375 m 325.8203125 349.2333984375 l s q 0 0 1 rg BT 187.50 350.57 Td (LLC, as ) Tj ET Q q 0 0 1 rg BT 221.67 350.57 Td (Agent, Citibank, N.A., as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 339.2333984375 m 304.4287109375 339.2333984375 l s q 0 0 1 rg BT 187.50 340.57 Td (Syndication ) Tj ET Q q 0 0 1 rg BT 237.22 340.57 Td (Agent, and such ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 329.2333984375 m 340.8203125 329.2333984375 l s q 0 0 1 rg BT 187.50 330.57 Td (institutions compromising the lenders ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 319.2333984375 m 238.310546875 319.2333984375 l s q 0 0 1 rg BT 187.50 320.57 Td (party thereto) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 380.57 Td (10.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 380.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 380.57 Td (est/APS June 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 370.57 Td (2015 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 360.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 380.57 Td (7/30/2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 291.57 Td (10.1) Tj ET Q q 0 0 0 rg BT 69.81 291.57 Td (1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 291.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 291.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 291.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 281.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 290.2333984375 m 326.19140625 290.2333984375 l s q 0 0 1 rg BT 187.50 291.57 Td (T) Tj ET Q q 0 0 1 rg BT 192.91 291.57 Td (erm Loan ) Tj ET Q q 0 0 1 rg BT 233.45 291.57 Td (Agreement dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 280.2333984375 m 311.9482421875 280.2333984375 l s q 0 0 1 rg BT 187.50 281.57 Td (April 22, 2016 among ) Tj ET Q q 0 0 1 rg BT 277.77 281.57 Td (APS, as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 270.2333984375 m 339.6533203125 270.2333984375 l s q 0 0 1 rg BT 187.50 271.57 Td (Borrower) Tj ET Q q 0 0 1 rg BT 225.42 271.57 Td (, ) Tj ET Q q 0 0 1 rg BT 230.24 271.57 Td (T) Tj ET Q q 0 0 1 rg BT 235.65 271.57 Td (oronto Dominion \(T) Tj ET Q q 0 0 1 rg BT 316.05 271.57 Td (exas\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 260.2333984375 m 333.3251953125 260.2333984375 l s q 0 0 1 rg BT 187.50 261.57 Td (LLC, as ) Tj ET Q q 0 0 1 rg BT 221.67 261.57 Td (Agent and such institutions ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 250.2333984375 m 316.9140625 250.2333984375 l s q 0 0 1 rg BT 187.50 251.57 Td (compromising the lenders party ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 240.2333984375 m 215.263671875 240.2333984375 l s q 0 0 1 rg BT 187.50 241.57 Td (thereto) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 291.57 Td (10.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 291.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 291.57 Td (est/APS March 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 281.57 Td (2016 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 271.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 291.57 Td (4/29/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 200.57 Td (10.1) Tj ET Q q 0 0 0 rg BT 69.81 200.57 Td (1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 200.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 200.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 200.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 190.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 199.2333984375 m 338.388671875 199.2333984375 l s q 0 0 1 rg BT 187.50 200.57 Td (Five-Y) Tj ET Q q 0 0 1 rg BT 214.83 200.57 Td (ear Credit ) Tj ET Q q 0 0 1 rg BT 256.48 200.57 Td (Agreement dated as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 189.2333984375 m 322.5 189.2333984375 l s q 0 0 1 rg BT 187.50 190.57 Td (of May 13, 2016, among ) Tj ET Q q 0 0 1 rg BT 288.33 190.57 Td (APS, as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 179.2333984375 m 325.68359375 179.2333984375 l s q 0 0 1 rg BT 187.50 180.57 Td (Borrower) Tj ET Q q 0 0 1 rg BT 225.42 180.57 Td (, Barclays Bank PLC, as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 169.2333984375 m 320.5322265625 169.2333984375 l s q 0 0 1 rg BT 187.50 170.57 Td (Agent and Issuing Bank, and the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 159.2333984375 m 315.78125 159.2333984375 l s q 0 0 1 rg BT 187.50 160.57 Td (lenders and other parties thereto) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 200.57 Td (10.2 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 200.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 200.57 Td (est/APS June 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 190.57 Td (2016 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 180.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 200.57 Td (8/2/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 111.57 Td (10.1) Tj ET Q q 0 0 0 rg BT 69.81 111.57 Td (1.7a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 111.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 111.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 111.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 101.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 109.33339843750036 m 316.4697265625 109.33339843750036 l s q 0 0 1 rg BT 187.50 110.67 Td (Amendment No. 1 to Five-Y) Tj ET Q q 0 0 1 rg BT 301.76 110.67 Td (ear ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 99.33339843750036 m 328.0126953125 99.33339843750036 l s q 0 0 1 rg BT 187.50 100.67 Td (Credit ) Tj ET Q q 0 0 1 rg BT 214.44 100.67 Td (Agreement dated as of May ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 89.33339843750036 m 333.759765625 89.33339843750036 l s q 0 0 1 rg BT 187.50 90.67 Td (13, 2016, among ) Tj ET Q q 0 0 1 rg BT 256.67 90.67 Td (APS, as Borrower) Tj ET Q q 0 0 1 rg BT 328.76 90.67 Td (, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 79.33339843750036 m 326.0888671875 79.33339843750036 l s q 0 0 1 rg BT 187.50 80.67 Td (Barclays Bank PLC, as ) Tj ET Q q 0 0 1 rg BT 282.21 80.67 Td (Agent and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 69.33339843750036 m 324.970703125 69.33339843750036 l s q 0 0 1 rg BT 187.50 70.67 Td (Issuing Bank, and the lenders and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 59.333398437500364 m 267.4658203125 59.333398437500364 l s q 0 0 1 rg BT 187.50 60.67 Td (other parties thereto) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 111.57 Td (10.1) Tj ET Q q 0 0 0 rg BT 366.63 111.57 Td (1.7a to Pinnacle ) Tj ET Q q 0 0 0 rg BT 433.10 111.57 Td (W) Tj ET Q q 0 0 0 rg BT 441.74 111.57 Td (est/APS June) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 101.57 Td (30, 2017 Form10-Q Report, File) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 91.57 Td (Nos. 1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 58.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 111.57 Td (8/3/2017) Tj ET Q endstream endobj 403 0 obj <>] /Rotate 0 /Contents 404 0 R>> endobj 404 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (197) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 711.57 Td (10.12.1) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 82.50 714.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 638.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 711.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 711.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 701.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 638.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 711.57 Td (Facility Lease, dated as of ) Tj ET Q q 0 0 0 rg BT 294.41 711.57 Td (August1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 701.57 Td (1986, between U.S. Bank National) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 691.57 Td (Association, successor to State Street) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 681.57 Td (Bank and ) Tj ET Q q 0 0 0 rg BT 227.96 681.57 Td (T) Tj ET Q q 0 0 0 rg BT 233.80 681.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 289.69 681.57 Td (, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 671.57 Td (successor to ) Tj ET Q q 0 0 0 rg BT 238.51 671.57 Td (The First National Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 661.57 Td (of Boston, in its capacity as Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 651.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 651.57 Td (rustee, as Lessor) Tj ET Q q 0 0 0 rg BT 259.42 651.57 Td (, and ) Tj ET Q q 0 0 0 rg BT 280.89 651.57 Td (APS, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 641.57 Td (Lessee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 711.57 Td (4.3 to ) Tj ET Q q 0 0 0 rg BT 374.50 711.57 Td (APS) Tj ET Q q 0 0 0 rg BT 395.63 711.57 Td (s Form18 Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 701.57 Td (Statement, File No.33-9480) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 638.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.20 711.57 Td (10/24/1986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 622.57 Td (10.12.1a) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 86.94 625.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 539.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 622.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 622.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 622.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 612.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 539.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 622.57 Td (Amendment No.1, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 612.57 Td (November1, 1986, to Facility Lease,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 602.57 Td (dated as of ) Tj ET Q q 0 0 0 rg BT 233.04 602.57 Td (August1, 1986, between) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 592.57 Td (U.S. Bank National ) Tj ET Q q 0 0 0 rg BT 268.05 592.57 Td (Association,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 582.57 Td (successor to State Street Bank and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 572.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 572.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 249.32 572.57 Td (, as successor to ) Tj ET Q q 0 0 0 rg BT 315.83 572.57 Td (The) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 562.57 Td (First National Bank of Boston, in its) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 552.57 Td (capacity as Owner ) Tj ET Q q 0 0 0 rg BT 263.76 552.57 Td (T) Tj ET Q q 0 0 0 rg BT 269.60 552.57 Td (rustee, as Lessor) Tj ET Q q 0 0 0 rg BT 335.60 552.57 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 542.57 Td (and ) Tj ET Q q 0 0 0 rg BT 204.16 542.57 Td (APS, as Lessee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 622.57 Td (10.5 to ) Tj ET Q q 0 0 0 rg BT 379.50 622.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 622.57 Td (s September30, 1986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 612.57 Td (Form10-Q Report by means of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 602.57 Td (Amendment No.1 on December3,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 592.57 Td (1986 Form8, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 539.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 622.57 Td (12/4/1986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 523.57 Td (10.12.1b) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 87.50 526.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 450.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 523.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 523.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 523.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 513.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 450.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 523.57 Td (Amendment No.2 dated as of June1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 513.57 Td (1987 to Facility Lease dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 503.57 Td (August1, 1986 between U.S. Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 493.57 Td (National ) Tj ET Q q 0 0 0 rg BT 224.16 493.57 Td (Association, successor to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 483.57 Td (State Street Bank and ) Tj ET Q q 0 0 0 rg BT 276.28 483.57 Td (T) Tj ET Q q 0 0 0 rg BT 282.12 483.57 Td (rust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 473.57 Td (Company) Tj ET Q q 0 0 0 rg BT 226.06 473.57 Td (, as successor to ) Tj ET Q q 0 0 0 rg BT 292.58 473.57 Td (The First) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 463.57 Td (National Bank of Boston, as Lessor) Tj ET Q q 0 0 0 rg BT 329.50 463.57 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 453.57 Td (and ) Tj ET Q q 0 0 0 rg BT 204.16 453.57 Td (APS, as Lessee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 523.57 Td (10.3 to ) Tj ET Q q 0 0 0 rg BT 379.50 523.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 523.57 Td (s 1988 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 513.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 450.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 523.57 Td (3/8/1989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 434.57 Td (10.12.1c) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 86.94 437.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 361.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 434.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 434.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 434.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 424.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 361.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 434.57 Td (Amendment No.3, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 424.57 Td (March17, 1993, to Facility Lease,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 414.57 Td (dated as of ) Tj ET Q q 0 0 0 rg BT 233.04 414.57 Td (August1, 1986, between) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 404.57 Td (U.S. Bank National ) Tj ET Q q 0 0 0 rg BT 268.05 404.57 Td (Association,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 394.57 Td (successor to State Street Bank and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 384.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 384.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 249.32 384.57 Td (, as successor to ) Tj ET Q q 0 0 0 rg BT 315.83 384.57 Td (The) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 374.57 Td (First National Bank of Boston, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 364.57 Td (Lessor) Tj ET Q q 0 0 0 rg BT 213.96 364.57 Td (, and ) Tj ET Q q 0 0 0 rg BT 235.42 364.57 Td (APS, as Lessee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 434.57 Td (10.3 to ) Tj ET Q q 0 0 0 rg BT 379.50 434.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 434.57 Td (s 1992 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 424.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 361.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 434.57 Td (3/30/1993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 345.57 Td (10.12.1d) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 87.50 348.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 242.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 345.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 345.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 345.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 335.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 242.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 344.2333984375 m 312.470703125 344.2333984375 l s q 0 0 1 rg BT 187.50 345.57 Td (Amendment No. 4, dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 334.2333984375 m 316.09375 334.2333984375 l s q 0 0 1 rg BT 187.50 335.57 Td (September 30, 2015, to Facility ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 324.2333984375 m 327.470703125 324.2333984375 l s q 0 0 1 rg BT 187.50 325.57 Td (Lease, dated as of ) Tj ET Q q 0 0 1 rg BT 261.08 325.57 Td (August1, 1986, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 314.2333984375 m 304.140625 314.2333984375 l s q 0 0 1 rg BT 187.50 315.57 Td (between U.S. Bank National ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 304.2333984375 m 339.1357421875 304.2333984375 l s q 0 0 1 rg BT 187.50 305.57 Td (Association, successor to State Street ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 294.2333984375 m 305.1904296875 294.2333984375 l s q 0 0 1 rg BT 187.50 295.57 Td (Bank and ) Tj ET Q q 0 0 1 rg BT 227.87 295.57 Td (T) Tj ET Q q 0 0 1 rg BT 233.62 295.57 Td (rust Company) Tj ET Q q 0 0 1 rg BT 289.36 295.57 Td (, as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 284.2333984375 m 337.8466796875 284.2333984375 l s q 0 0 1 rg BT 187.50 285.57 Td (successor to ) Tj ET Q q 0 0 1 rg BT 238.42 285.57 Td (The First National Bank ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 274.2333984375 m 336.3720703125 274.2333984375 l s q 0 0 1 rg BT 187.50 275.57 Td (of Boston, as Owner ) Tj ET Q q 0 0 1 rg BT 272.03 275.57 Td (T) Tj ET Q q 0 0 1 rg BT 277.79 275.57 Td (rustee under a ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 264.2333984375 m 315.4541015625 264.2333984375 l s q 0 0 1 rg BT 187.50 265.57 Td (T) Tj ET Q q 0 0 1 rg BT 193.26 265.57 Td (rust ) Tj ET Q q 0 0 1 rg BT 210.21 265.57 Td (Agreement with Emerson ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 254.2333984375 m 338.193359375 254.2333984375 l s q 0 0 1 rg BT 187.50 255.57 Td (Finance LLC, as Lessor) Tj ET Q q 0 0 1 rg BT 282.63 255.57 Td (, and ) Tj ET Q q 0 0 1 rg BT 304.02 255.57 Td (APS, as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 244.2333984375 m 214.70703125 244.2333984375 l s q 0 0 1 rg BT 187.50 245.57 Td (Lessee) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 345.57 Td (10.2 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 345.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 345.57 Td (est/APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 335.57 Td (September 30, 2015 Form10-Q) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 325.57 Td (Report, File Nos. 1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 242.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.20 345.57 Td (10/30/2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 226.57 Td (10.12.1e) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 86.94 229.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 123.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 226.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 226.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 226.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 216.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 123.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 225.2333984375 m 312.470703125 225.2333984375 l s q 0 0 1 rg BT 187.50 226.57 Td (Amendment No. 3, dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 215.2333984375 m 316.09375 215.2333984375 l s q 0 0 1 rg BT 187.50 216.57 Td (September 30, 2015, to Facility ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 205.2333984375 m 327.470703125 205.2333984375 l s q 0 0 1 rg BT 187.50 206.57 Td (Lease, dated as of ) Tj ET Q q 0 0 1 rg BT 261.08 206.57 Td (August1, 1986, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 195.2333984375 m 304.140625 195.2333984375 l s q 0 0 1 rg BT 187.50 196.57 Td (between U.S. Bank National ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 185.2333984375 m 339.1357421875 185.2333984375 l s q 0 0 1 rg BT 187.50 186.57 Td (Association, successor to State Street ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 175.2333984375 m 305.1904296875 175.2333984375 l s q 0 0 1 rg BT 187.50 176.57 Td (Bank and ) Tj ET Q q 0 0 1 rg BT 227.87 176.57 Td (T) Tj ET Q q 0 0 1 rg BT 233.62 176.57 Td (rust Company) Tj ET Q q 0 0 1 rg BT 289.36 176.57 Td (, as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 165.2333984375 m 337.8466796875 165.2333984375 l s q 0 0 1 rg BT 187.50 166.57 Td (successor to ) Tj ET Q q 0 0 1 rg BT 238.42 166.57 Td (The First National Bank ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 155.2333984375 m 336.3720703125 155.2333984375 l s q 0 0 1 rg BT 187.50 156.57 Td (of Boston, as Owner ) Tj ET Q q 0 0 1 rg BT 272.03 156.57 Td (T) Tj ET Q q 0 0 1 rg BT 277.79 156.57 Td (rustee under a ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 145.2333984375 m 313.232421875 145.2333984375 l s q 0 0 1 rg BT 187.50 146.57 Td (T) Tj ET Q q 0 0 1 rg BT 193.26 146.57 Td (rust ) Tj ET Q q 0 0 1 rg BT 210.21 146.57 Td (Agreement with Security ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 135.2333984375 m 336.6259765625 135.2333984375 l s q 0 0 1 rg BT 187.50 136.57 Td (Pacific Capital Leasing Corporation, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 125.2333984375 m 307.3583984375 125.2333984375 l s q 0 0 1 rg BT 187.50 126.57 Td (as Lessor) Tj ET Q q 0 0 1 rg BT 224.59 126.57 Td (, and ) Tj ET Q q 0 0 1 rg BT 245.98 126.57 Td (APS, as Lessee) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 226.57 Td (10.3 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.53 226.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.17 226.57 Td (est/APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 216.57 Td (September 30, 2015 Form10-Q) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 206.57 Td (Report, File Nos. 1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 123.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.20 226.57 Td (10/30/2015) Tj ET Q endstream endobj 405 0 obj <>] /Rotate 0 /Contents 406 0 R>> endobj 406 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (198) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 711.57 Td (10.12.2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 638.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 711.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 711.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 701.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 638.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 711.57 Td (Facility Lease, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 701.57 Td (December15, 1986, between U.S.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 691.57 Td (Bank National ) Tj ET Q q 0 0 0 rg BT 247.77 691.57 Td (Association, successor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 681.57 Td (to State Street Bank and ) Tj ET Q q 0 0 0 rg BT 286.56 681.57 Td (T) Tj ET Q q 0 0 0 rg BT 292.40 681.57 Td (rust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 671.57 Td (Company) Tj ET Q q 0 0 0 rg BT 226.06 671.57 Td (, as successor to ) Tj ET Q q 0 0 0 rg BT 292.58 671.57 Td (The First) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 661.57 Td (National Bank of Boston, in its) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 651.57 Td (capacity as Owner ) Tj ET Q q 0 0 0 rg BT 263.76 651.57 Td (T) Tj ET Q q 0 0 0 rg BT 269.60 651.57 Td (rustee, as Lessor) Tj ET Q q 0 0 0 rg BT 335.60 651.57 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 641.57 Td (and ) Tj ET Q q 0 0 0 rg BT 204.16 641.57 Td (APS, as Lessee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 711.57 Td (10.1 to ) Tj ET Q q 0 0 0 rg BT 379.50 711.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 711.57 Td (s November18, 1986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 701.57 Td (Form8-K Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 638.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 711.57 Td (1/20/1987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 622.57 Td (10.12.2a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 539.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 622.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 622.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 622.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 612.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 539.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 622.57 Td (Amendment No.1, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 612.57 Td (August1, 1987, to Facility Lease,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 602.57 Td (dated as of December15, 1986,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 592.57 Td (between U.S. Bank National) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 582.57 Td (Association, successor to State Street) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 572.57 Td (Bank and ) Tj ET Q q 0 0 0 rg BT 227.96 572.57 Td (T) Tj ET Q q 0 0 0 rg BT 233.80 572.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 289.69 572.57 Td (, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 562.57 Td (successor to ) Tj ET Q q 0 0 0 rg BT 238.51 562.57 Td (The First National Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 552.57 Td (of Boston, as Lessor) Tj ET Q q 0 0 0 rg BT 268.96 552.57 Td (, and ) Tj ET Q q 0 0 0 rg BT 290.42 552.57 Td (APS, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 542.57 Td (Lessee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 622.57 Td (4.13 to ) Tj ET Q q 0 0 0 rg BT 379.50 622.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 622.57 Td (s Form18 Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 612.57 Td (Statement No. 33-9480 by means of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 602.57 Td (August1, 1987 Form8-K Report,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 592.57 Td (File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 539.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 622.57 Td (8/24/1987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 523.57 Td (10.12.2b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 440.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 523.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 523.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 523.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 513.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 440.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 523.57 Td (Amendment No.2, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 513.57 Td (March17, 1993, to Facility Lease,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 503.57 Td (dated as of December15, 1986,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 493.57 Td (between U.S. Bank National) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 483.57 Td (Association, successor to State Street) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 473.57 Td (Bank and ) Tj ET Q q 0 0 0 rg BT 227.96 473.57 Td (T) Tj ET Q q 0 0 0 rg BT 233.80 473.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 289.69 473.57 Td (, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 463.57 Td (successor to ) Tj ET Q q 0 0 0 rg BT 238.51 463.57 Td (The First National Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 453.57 Td (of Boston, as Lessor) Tj ET Q q 0 0 0 rg BT 268.96 453.57 Td (, and ) Tj ET Q q 0 0 0 rg BT 290.42 453.57 Td (APS, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 443.57 Td (Lessee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 523.57 Td (10.4 to ) Tj ET Q q 0 0 0 rg BT 379.50 523.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 523.57 Td (s 1992 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 513.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 440.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 523.57 Td (3/30/1993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 424.57 Td (10.12.2c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 350.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 424.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 424.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 424.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 414.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 423.2333984375 m 324.98046875 423.2333984375 l s q 0 0 1 rg BT 187.50 424.57 Td (Amendment No. 3, dated July 10, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 413.2333984375 m 329.9609375 413.2333984375 l s q 0 0 1 rg BT 187.50 414.57 Td (2014, to Facility Lease, dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 403.2333984375 m 327.1826171875 403.2333984375 l s q 0 0 1 rg BT 187.50 404.57 Td (December 15, 1986, between U.S. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 393.2333984375 m 340.52734375 393.2333984375 l s q 0 0 1 rg BT 187.50 394.57 Td (Bank National ) Tj ET Q q 0 0 1 rg BT 247.49 394.57 Td (Association, successor ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 383.2333984375 m 309.7216796875 383.2333984375 l s q 0 0 1 rg BT 187.50 384.57 Td (to State Street Bank and ) Tj ET Q q 0 0 1 rg BT 286.46 384.57 Td (T) Tj ET Q q 0 0 1 rg BT 292.22 384.57 Td (rust ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 373.2333984375 m 328.22265625 373.2333984375 l s q 0 0 1 rg BT 187.50 374.57 Td (Company) Tj ET Q q 0 0 1 rg BT 225.74 374.57 Td (, as successor to the First ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 363.2333984375 m 334.3017578125 363.2333984375 l s q 0 0 1 rg BT 187.50 364.57 Td (National Bank of Boston, as Lessor) Tj ET Q q 0 0 1 rg BT 329.30 364.57 Td (, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 353.2333984375 m 265.2685546875 353.2333984375 l s q 0 0 1 rg BT 187.50 354.57 Td (and ) Tj ET Q q 0 0 1 rg BT 203.89 354.57 Td (APS, as Lessee) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 424.57 Td (10.2 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 424.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 424.57 Td (est/APS June 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 414.57 Td (2014 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 404.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 350.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 424.57 Td (7/31/2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 334.57 Td (10.13.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 271.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 334.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 334.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 334.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 324.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 271.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 332.33339843750036 m 329.23828125 332.33339843750036 l s q 0 0 1 rg BT 187.50 333.67 Td (Agreement between Pinnacle) Tj ET Q q 0 0 1 rg BT 306.99 333.67 Td (W) Tj ET Q q 0 0 1 rg BT 315.63 333.67 Td (est ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 322.33339843750036 m 320.9130859375 322.33339843750036 l s q 0 0 1 rg BT 187.50 323.67 Td (Ener) Tj ET Q q 0 0 1 rg BT 206.20 323.67 Td (gy Corporation and ) Tj ET Q q 0 0 1 rg BT 285.91 323.67 Td (APS for ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 312.33339843750036 m 319.345703125 312.33339843750036 l s q 0 0 1 rg BT 187.50 313.67 Td (T) Tj ET Q q 0 0 1 rg BT 193.26 313.67 Td (ransportation and ) Tj ET Q q 0 0 1 rg BT 265.28 313.67 Td (T) Tj ET Q q 0 0 1 rg BT 271.04 313.67 Td (reatment of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 302.33339843750036 m 324.7705078125 302.33339843750036 l s q 0 0 1 rg BT 187.50 303.67 Td (Ef) Tj ET Q q 0 0 1 rg BT 196.76 303.67 Td (fluent by and between Pinnacle ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 292.33339843750036 m 328.9990234375 292.33339843750036 l s q 0 0 1 rg BT 187.50 293.67 Td (W) Tj ET Q q 0 0 1 rg BT 196.14 293.67 Td (est Ener) Tj ET Q q 0 0 1 rg BT 228.44 293.67 Td (gy Corporation and ) Tj ET Q q 0 0 1 rg BT 308.15 293.67 Td (APS ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 282.33339843750036 m 321.6357421875 282.33339843750036 l s q 0 0 1 rg BT 187.50 283.67 Td (dated as of the 10thday of ) Tj ET Q q 0 0 1 rg BT 295.53 283.67 Td (April, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 272.33339843750036 m 207.5 272.33339843750036 l s q 0 0 1 rg BT 187.50 273.67 Td (2001) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 334.57 Td (10.102 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 426.62 334.57 Td (W) Tj ET Q q 0 0 0 rg BT 435.57 334.57 Td (est/APS 2004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 324.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 314.57 Td (and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 271.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 334.57 Td (3/16/2005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 255.57 Td (10.13.2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 222.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 255.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 255.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 255.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 245.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 222.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 254.2333984375 m 334.1259765625 254.2333984375 l s q 0 0 1 rg BT 187.50 255.57 Td (Agreement for the ) Tj ET Q q 0 0 1 rg BT 263.12 255.57 Td (T) Tj ET Q q 0 0 1 rg BT 268.88 255.57 Td (ransfer and Use ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 244.2333984375 m 328.5009765625 244.2333984375 l s q 0 0 1 rg BT 187.50 245.57 Td (of ) Tj ET Q q 0 0 1 rg BT 198.15 245.57 Td (W) Tj ET Q q 0 0 1 rg BT 206.79 245.57 Td (astewater and Ef) Tj ET Q q 0 0 1 rg BT 273.24 245.57 Td (fluent by and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 234.2333984375 m 330.732421875 234.2333984375 l s q 0 0 1 rg BT 187.50 235.57 Td (between ) Tj ET Q q 0 0 1 rg BT 222.76 235.57 Td (APS, SRP) Tj ET Q q 0 0 1 rg BT 263.53 235.57 Td ( and PWE dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 224.2333984375 m 238.330078125 224.2333984375 l s q 0 0 1 rg BT 187.50 225.57 Td (June1, 2001) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 255.57 Td (10.103 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 426.62 255.57 Td (W) Tj ET Q q 0 0 0 rg BT 435.57 255.57 Td (est/APS 2004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 245.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 235.57 Td (and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 222.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 255.57 Td (3/16/2005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 206.57 Td (10.13.3) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 163.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 206.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 206.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 206.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 196.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 163.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 205.2333984375 m 338.5546875 205.2333984375 l s q 0 0 1 rg BT 187.50 206.57 Td (Agreement for the Sale and Purchase ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 195.2333984375 m 306.279296875 195.2333984375 l s q 0 0 1 rg BT 187.50 196.57 Td (of ) Tj ET Q q 0 0 1 rg BT 198.15 196.57 Td (W) Tj ET Q q 0 0 1 rg BT 206.79 196.57 Td (astewater Ef) Tj ET Q q 0 0 1 rg BT 256.30 196.57 Td (fluent dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 185.2333984375 m 337.4609375 185.2333984375 l s q 0 0 1 rg BT 187.50 186.57 Td (November13, 2000, by and between ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 175.2333984375 m 328.837890625 175.2333984375 l s q 0 0 1 rg BT 187.50 176.57 Td (the City of ) Tj ET Q q 0 0 1 rg BT 232.59 176.57 Td (T) Tj ET Q q 0 0 1 rg BT 238.00 176.57 Td (olleson, ) Tj ET Q q 0 0 1 rg BT 271.34 176.57 Td (Arizona, ) Tj ET Q q 0 0 1 rg BT 307.99 176.57 Td (APS ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 165.2333984375 m 222.0458984375 165.2333984375 l s q 0 0 1 rg BT 187.50 166.57 Td (and SRP) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 206.57 Td (10.104 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 426.62 206.57 Td (W) Tj ET Q q 0 0 0 rg BT 435.57 206.57 Td (est/APS 2004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 196.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 186.57 Td (and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 163.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 206.57 Td (3/16/2005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 147.57 Td (10.13.4) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 114.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 147.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 147.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 147.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 137.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 114.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 146.2333984375 m 320.234375 146.2333984375 l s q 0 0 1 rg BT 187.50 147.57 Td (Operating ) Tj ET Q q 0 0 1 rg BT 229.43 147.57 Td (Agreement for the Co-) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 136.2333984375 m 328.505859375 136.2333984375 l s q 0 0 1 rg BT 187.50 137.57 Td (Ownership of ) Tj ET Q q 0 0 1 rg BT 244.53 137.57 Td (W) Tj ET Q q 0 0 1 rg BT 253.17 137.57 Td (astewater Ef) Tj ET Q q 0 0 1 rg BT 302.68 137.57 Td (fluent ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 126.2333984375 m 323.30078125 126.2333984375 l s q 0 0 1 rg BT 187.50 127.57 Td (dated November16, 2000 by and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 116.2333984375 m 278.154296875 116.2333984375 l s q 0 0 1 rg BT 187.50 117.57 Td (between ) Tj ET Q q 0 0 1 rg BT 222.76 117.57 Td (APS and SRP) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 147.57 Td (10.105 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 426.53 147.57 Td (W) Tj ET Q q 0 0 0 rg BT 435.17 147.57 Td (est/APS 2004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 137.57 Td (Form10-K Report, File Nos. 1-8962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 127.57 Td (and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 114.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 147.57 Td (3/16/2005) Tj ET Q endstream endobj 407 0 obj <>] /Rotate 0 /Contents 408 0 R>> endobj 408 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (199) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 711.57 Td (10.13.5) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 658.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 711.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 711.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 701.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 658.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 710.2333984375 m 341.4404296875 710.2333984375 l s q 0 0 1 rg BT 187.50 711.57 Td (Municipal Ef) Tj ET Q q 0 0 1 rg BT 240.36 711.57 Td (fluent Purchase and Sale ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 700.2333984375 m 334.1357421875 700.2333984375 l s q 0 0 1 rg BT 187.50 701.57 Td (Agreement dated ) Tj ET Q q 0 0 1 rg BT 258.03 701.57 Td (April29, 2010, by ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 690.2333984375 m 339.1455078125 690.2333984375 l s q 0 0 1 rg BT 187.50 691.57 Td (and between City of Phoenix, City of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 680.2333984375 m 307.158203125 680.2333984375 l s q 0 0 1 rg BT 187.50 681.57 Td (Mesa, City of ) Tj ET Q q 0 0 1 rg BT 244.54 681.57 Td (T) Tj ET Q q 0 0 1 rg BT 249.95 681.57 Td (empe, City of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 670.2333984375 m 325.546875 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 691.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 658.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 711.57 Td (5/6/2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 642.57 Td (10.14.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 609.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 642.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 642.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 642.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 632.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 609.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 642.57 Td (Contract, dated July21, 1984, with) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 632.57 Td (DOE providing for the disposal of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 622.57 Td (nuclear fuel and/or high-level) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 612.57 Td (radioactive waste, ) Tj ET Q q 0 0 0 rg BT 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1.00 Tf ET q 0 0 0 rg BT 106.50 551.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 564.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 564.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 564.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 554.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 551.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 563.2333984375 m 317.197265625 563.2333984375 l s q 0 0 1 rg BT 187.50 564.57 Td (Power Coordination ) Tj ET Q q 0 0 1 rg BT 270.27 564.57 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 553.2333984375 m 278.154296875 553.2333984375 l s q 0 0 1 rg BT 187.50 554.57 Td (between ) Tj ET Q q 0 0 1 rg BT 222.76 554.57 Td (APS and SRP) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 564.57 Td (10.2 to ) Tj ET Q q 0 0 0 rg BT 379.50 564.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 564.57 Td (s March31, 1998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 554.57 Td (Form10-Q Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 551.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 564.57 Td (5/15/1998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 535.57 Td (10.15.3) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 522.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 535.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 535.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 535.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 525.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 522.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 534.2333984375 m 339.6728515625 534.2333984375 l s q 0 0 1 rg BT 187.50 535.57 Td (Memorandum of ) Tj ET Q q 0 0 1 rg BT 256.93 535.57 Td (Agreement between ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 524.2333984375 m 242.890625 524.2333984375 l s q 0 0 1 rg BT 187.50 525.57 Td (APS and SRP) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 535.57 Td (10.3 to ) Tj ET Q q 0 0 0 rg BT 379.50 535.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 535.57 Td (s March31, 1998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 525.57 Td (Form10-Q Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 522.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 535.57 Td (5/15/1998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 506.57 Td (10.15.3a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 483.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 506.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 506.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 506.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 496.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 483.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 505.2333984375 m 314.7021484375 505.2333984375 l s q 0 0 1 rg BT 187.50 506.57 Td (Addendum to Memorandum of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 495.2333984375 m 327.392578125 495.2333984375 l s q 0 0 1 rg BT 187.50 496.57 Td (Agreement between ) Tj ET Q q 0 0 1 rg BT 269.69 496.57 Td (APS and SRP) Tj ET Q q 0 0 1 rg BT 324.89 496.57 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 485.2333984375 m 289.1455078125 485.2333984375 l s q 0 0 1 rg BT 187.50 486.57 Td (dated as of May19, 1998) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 506.57 Td (10.2 to ) Tj ET Q q 0 0 0 rg BT 379.50 506.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 506.57 Td (s May19, 1998 Form8-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 496.57 Td (K Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 483.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 506.57 Td (6/26/1998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 467.57 Td (10.16) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 444.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 467.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 467.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 467.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 457.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 444.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 466.2333984375 m 333.28125 466.2333984375 l s q 0 0 1 rg BT 187.50 467.57 Td (Purchase and Sale ) Tj ET Q q 0 0 1 rg BT 262.20 467.57 Td (Agreement dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 456.2333984375 m 329.9609375 456.2333984375 l s q 0 0 1 rg BT 187.50 457.57 Td (November8, 2010 by and between ) Tj ET Q BT /F1 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187.5 338.2333984375 m 328.5595703125 338.2333984375 l s q 0 0 1 rg BT 187.50 339.57 Td (rate case \(approved by ) Tj ET Q q 0 0 1 rg BT 279.68 339.57 Td (ACC Order ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 328.2333984375 m 233.0517578125 328.2333984375 l s q 0 0 1 rg BT 187.50 329.57 Td (No.76295\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 369.57 Td (10.1 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.53 369.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.17 369.57 Td (est/APS March31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 359.57 Td (2017 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 349.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 326.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 369.57 Td (5/2/2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 310.57 Td (12.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 307.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 310.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 310.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 310.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 307.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 309.2333984375 m 328.6865234375 309.2333984375 l s q 0 0 1 rg BT 187.50 310.57 Td (Ratio of Earnings to Fixed Char) Tj ET Q q 0 0 1 rg BT 315.36 310.57 Td (ges) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 316.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 307.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 316.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 291.57 Td (12.2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 288.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 291.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 288.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 290.2333984375 m 328.6865234375 290.2333984375 l s q 0 0 1 rg BT 187.50 291.57 Td (Ratio of Earnings to Fixed Char) Tj ET Q q 0 0 1 rg BT 315.36 291.57 Td (ges) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 297.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 288.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 297.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 272.57 Td (12.3) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 249.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 272.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 272.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 272.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 249.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 271.2333984375 m 340.263671875 271.2333984375 l s q 0 0 1 rg BT 187.50 272.57 Td (Ratio of Earnings to Combined Fixed ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 261.2333984375 m 304.501953125 261.2333984375 l s q 0 0 1 rg BT 187.50 262.57 Td (Char) Tj ET Q q 0 0 1 rg BT 206.76 262.57 Td (ges and Preferred Stock ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 251.2333984375 m 282.7587890625 251.2333984375 l s q 0 0 1 rg BT 187.50 252.57 Td (Dividend Requirements) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 278.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 249.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 278.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 233.57 Td (21.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 230.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 233.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 233.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 233.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 230.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 232.2333984375 m 306.2158203125 232.2333984375 l s q 0 0 1 rg BT 187.50 233.57 Td (Subsidiaries of Pinnacle ) Tj ET Q q 0 0 1 rg BT 286.47 233.57 Td (W) Tj ET Q q 0 0 1 rg BT 295.11 233.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 239.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 230.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 239.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 214.57 Td (23.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 211.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 214.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 214.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 214.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 211.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 213.2333984375 m 327.7978515625 213.2333984375 l s q 0 0 1 rg BT 187.50 214.57 Td (Consent of Deloitte& ) Tj ET Q q 0 0 1 rg BT 278.42 214.57 Td (T) Tj ET Q q 0 0 1 rg BT 283.83 214.57 Td (ouche LLP) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 220.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 211.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 220.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 195.57 Td (23.2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 192.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 195.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 192.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 194.2333984375 m 327.7978515625 194.2333984375 l s q 0 0 1 rg BT 187.50 195.57 Td (Consent of Deloitte& ) Tj ET Q q 0 0 1 rg BT 278.42 195.57 Td (T) Tj ET Q q 0 0 1 rg BT 283.83 195.57 Td (ouche LLP) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 201.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 192.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 201.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 176.57 Td (31.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 133.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 176.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 176.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 176.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 133.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 175.2333984375 m 318.291015625 175.2333984375 l s q 0 0 1 rg BT 187.50 176.57 Td (Certificate of Donald E. Brandt, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 165.2333984375 m 335.2001953125 165.2333984375 l s q 0 0 1 rg BT 187.50 166.57 Td (Chief Executive Of) Tj ET Q q 0 0 1 rg BT 265.07 166.57 Td (ficer) Tj ET Q q 0 0 1 rg BT 282.98 166.57 Td (, pursuant to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 155.2333984375 m 341.337890625 155.2333984375 l s q 0 0 1 rg BT 187.50 156.57 Td (Rule13a-14\(a\)and Rule15d-14\(a\)of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 145.2333984375 m 315.791015625 145.2333984375 l s q 0 0 1 rg BT 187.50 146.57 Td (the Securities Exchange ) Tj ET Q q 0 0 1 rg BT 285.52 146.57 Td (Act, as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 135.2333984375 m 223.59375 135.2333984375 l s q 0 0 1 rg BT 187.50 136.57 Td (amended) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 182.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 133.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 182.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 117.57 Td (31.2) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 74.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 117.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 117.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 117.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 74.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 116.2333984375 m 319.3994140625 116.2333984375 l s q 0 0 1 rg BT 187.50 117.57 Td (Certificate of JamesR. Hatfield, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 106.2333984375 m 332.431640625 106.2333984375 l s q 0 0 1 rg BT 187.50 107.57 Td (Chief Financial Of) Tj ET Q q 0 0 1 rg BT 262.30 107.57 Td (ficer) Tj ET Q q 0 0 1 rg BT 280.21 107.57 Td (, pursuant to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 96.2333984375 m 341.337890625 96.2333984375 l s q 0 0 1 rg BT 187.50 97.57 Td (Rule13a-14\(a\)and Rule15d-14\(a\)of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 86.2333984375 m 315.791015625 86.2333984375 l s q 0 0 1 rg BT 187.50 87.57 Td (the Securities Exchange ) Tj ET Q q 0 0 1 rg BT 285.52 87.57 Td (Act, as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 76.2333984375 m 223.59375 76.2333984375 l s q 0 0 1 rg BT 187.50 77.57 Td (amended) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 123.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 74.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 123.81 Td () Tj ET Q endstream endobj 409 0 obj <>] /Rotate 0 /Contents 410 0 R>> endobj 410 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (200) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 711.57 Td (31.3) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 668.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 711.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 668.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 710.2333984375 m 318.291015625 710.2333984375 l s q 0 0 1 rg BT 187.50 711.57 Td (Certificate of DonaldE. Brandt, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 700.2333984375 m 335.2001953125 700.2333984375 l s q 0 0 1 rg BT 187.50 701.57 Td (Chief Executive Of) Tj ET Q q 0 0 1 rg BT 265.07 701.57 Td (ficer) Tj ET Q q 0 0 1 rg BT 282.98 701.57 Td (, pursuant to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 690.2333984375 m 341.337890625 690.2333984375 l s q 0 0 1 rg BT 187.50 691.57 Td (Rule13a-14\(a\)and Rule15d-14\(a\)of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 680.2333984375 m 315.791015625 680.2333984375 l s q 0 0 1 rg BT 187.50 681.57 Td (the Securities Exchange ) Tj ET Q q 0 0 1 rg BT 285.52 681.57 Td (Act, as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 670.2333984375 m 223.59375 670.2333984375 l s q 0 0 1 rg BT 187.50 671.57 Td (amended) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 717.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 668.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 717.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 652.57 Td (31.4) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 609.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 652.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 609.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 651.2333984375 m 319.3994140625 651.2333984375 l s q 0 0 1 rg BT 187.50 652.57 Td (Certificate of JamesR. Hatfield, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 641.2333984375 m 332.431640625 641.2333984375 l s q 0 0 1 rg BT 187.50 642.57 Td (Chief Financial Of) Tj ET Q q 0 0 1 rg BT 262.30 642.57 Td (ficer) Tj ET Q q 0 0 1 rg BT 280.21 642.57 Td (, pursuant to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 631.2333984375 m 341.337890625 631.2333984375 l s q 0 0 1 rg BT 187.50 632.57 Td (Rule13a-14\(a\)and Rule15d-14\(a\)of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 621.2333984375 m 315.791015625 621.2333984375 l s q 0 0 1 rg BT 187.50 622.57 Td (the Securities Exchange ) Tj ET Q q 0 0 1 rg BT 285.52 622.57 Td (Act, as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 611.2333984375 m 223.59375 611.2333984375 l s q 0 0 1 rg BT 187.50 612.57 Td (amended) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 658.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 609.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 658.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 593.57 Td (32.1) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 70.00 596.74 Td (e) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 550.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 593.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 593.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 593.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 550.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 592.2333984375 m 318.564453125 592.2333984375 l s q 0 0 1 rg BT 187.50 593.57 Td (Certification of Chief Executive ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 582.2333984375 m 333.33984375 582.2333984375 l s q 0 0 1 rg BT 187.50 583.57 Td (Of) Tj ET Q q 0 0 1 rg BT 197.87 583.57 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 1 rg BT 310.42 583.57 Td (ficer) Tj ET Q q 0 0 1 rg BT 328.34 583.57 Td (, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 572.2333984375 m 334.1650390625 572.2333984375 l s q 0 0 1 rg BT 187.50 573.57 Td (pursuant to 18 U.S.C. Section1350, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 562.2333984375 m 340.52734375 562.2333984375 l s q 0 0 1 rg BT 187.50 563.57 Td (as adopted pursuant to Section906 of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 552.2333984375 m 315.80078125 552.2333984375 l s q 0 0 1 rg BT 187.50 553.57 Td (the Sarbanes-Oxley ) Tj ET Q q 0 0 1 rg BT 268.03 553.57 Td (Act of 2002) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 599.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 550.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 599.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 534.57 Td (32.2) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 70.00 537.74 Td (e) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 491.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 534.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 491.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 533.2333984375 m 318.564453125 533.2333984375 l s q 0 0 1 rg BT 187.50 534.57 Td (Certification of Chief Executive ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 523.2333984375 m 333.33984375 523.2333984375 l s q 0 0 1 rg BT 187.50 524.57 Td (Of) Tj ET Q q 0 0 1 rg BT 197.87 524.57 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 1 rg BT 310.42 524.57 Td (ficer) Tj ET Q q 0 0 1 rg BT 328.34 524.57 Td (, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 513.2333984375 m 334.1650390625 513.2333984375 l s q 0 0 1 rg BT 187.50 514.57 Td (pursuant to 18 U.S.C. Section1350, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 503.2333984375 m 340.52734375 503.2333984375 l s q 0 0 1 rg BT 187.50 504.57 Td (as adopted pursuant to Section906 of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 493.2333984375 m 315.80078125 493.2333984375 l s q 0 0 1 rg BT 187.50 494.57 Td (the Sarbanes-Oxley ) Tj ET Q q 0 0 1 rg BT 268.03 494.57 Td (Act of 2002) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 540.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 491.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 540.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 475.57 Td (99.1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 452.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 475.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 475.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 475.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 465.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 452.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 475.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 229.34 475.57 Td (T) Tj ET Q q 0 0 0 rg BT 235.18 475.57 Td (rust Indenture among) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 465.57 Td (PVGS II Funding Corp.,Inc., ) Tj ET Q q 0 0 0 rg BT 308.06 465.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 455.57 Td (and Chemical Bank, as ) Tj ET Q q 0 0 0 rg BT 282.11 455.57 Td (T) Tj ET Q q 0 0 0 rg BT 287.95 455.57 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 475.57 Td (4.2 to ) Tj ET Q q 0 0 0 rg BT 374.50 475.57 Td (APS) Tj ET Q q 0 0 0 rg BT 395.63 475.57 Td (s 1992 Form10-K Report,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 465.57 Td (File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 452.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 475.57 Td (3/30/1993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 436.57 Td (99.1a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 403.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 436.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 436.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 436.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 426.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 403.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 436.57 Td (Supplemental Indenture to Collateral) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 426.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 426.57 Td (rust Indenture among PVGS II) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 416.57 Td (Funding Corp.,Inc., ) Tj ET Q q 0 0 0 rg BT 270.83 416.57 Td (APS and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 406.57 Td (Chemical Bank, as ) Tj ET Q q 0 0 0 rg BT 265.17 406.57 Td (T) Tj ET Q q 0 0 0 rg BT 271.01 406.57 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 436.57 Td (4.3 to ) Tj ET Q q 0 0 0 rg BT 374.50 436.57 Td (APS) Tj ET Q q 0 0 0 rg BT 395.63 436.57 Td (s 1992 Form10-K Report,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 426.57 Td (File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 403.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 436.57 Td (3/30/1993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 387.57 Td (99.2) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 70.00 390.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 274.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 387.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 387.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 387.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 377.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 274.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 387.57 Td (Participation ) Tj ET Q q 0 0 0 rg BT 240.82 387.57 Td (Agreement, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 377.57 Td (August1, 1986, among PVGS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 367.57 Td (Funding Corp.,Inc., Bank of ) Tj ET Q q 0 0 0 rg BT 305.27 367.57 Td (America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 357.57 Td (National ) Tj ET Q q 0 0 0 rg BT 224.34 357.57 Td (T) Tj ET Q q 0 0 0 rg BT 230.19 357.57 Td (rust and Savings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 347.57 Td (Association, State Street Bank and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 337.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 337.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 249.32 337.57 Td (, as successor to ) Tj ET Q q 0 0 0 rg BT 315.83 337.57 Td (The) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 327.57 Td (First National Bank of Boston, in its) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 317.57 Td (individual capacity and as Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 307.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 307.57 Td (rustee, Chemical Bank, in its) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 297.57 Td (individual capacity and as Indenture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 287.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 287.57 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 221.86 287.57 Td (APS, and the Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 277.57 Td (Participant named therein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 387.57 Td (28.1 to ) Tj ET Q q 0 0 0 rg BT 379.50 387.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 387.57 Td (s September30, 1992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 377.57 Td (Form10-Q Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 274.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 387.57 Td (1) Tj ET Q q 0 0 0 rg BT 520.71 387.57 Td (1/9/1992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 258.57 Td (99.2a) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 74.44 261.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 125.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 258.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 258.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 258.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 248.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 125.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 258.57 Td (Amendment No.1 dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 248.57 Td (November1, 1986, to Participation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 238.57 Td (Agreement, dated as of ) Tj ET Q q 0 0 0 rg BT 282.46 238.57 Td (August1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 228.57 Td (1986, among PVGS Funding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 218.57 Td (Corp.,Inc., Bank of ) Tj ET Q q 0 0 0 rg BT 269.43 218.57 Td (America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 208.57 Td (National ) Tj ET Q q 0 0 0 rg BT 224.34 208.57 Td (T) Tj ET Q q 0 0 0 rg BT 230.19 208.57 Td (rust and Savings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 198.57 Td (Association, State Street Bank and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 188.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 188.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 249.32 188.57 Td (, as successor to ) Tj ET Q q 0 0 0 rg BT 315.83 188.57 Td (The) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 178.57 Td (First National Bank of Boston, in its) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 168.57 Td (individual capacity and as Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 158.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 158.57 Td (rustee, Chemical Bank, in its) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 148.57 Td (individual capacity and as Indenture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 138.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 138.57 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 221.86 138.57 Td (APS, and the Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 128.57 Td (Participant named therein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 258.57 Td (10.8 to ) Tj ET Q q 0 0 0 rg BT 379.23 258.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.35 258.57 Td (s September30, 1986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 248.57 Td (Form10-Q Report by means of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 238.57 Td (Amendment No.1, on December3,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 228.57 Td (1986 Form8, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 125.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 258.57 Td (12/4/1986) Tj ET Q endstream endobj 411 0 obj <>] /Rotate 0 /Contents 412 0 R>> endobj 412 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (201) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 711.57 Td (99.2b) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 75.00 714.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 588.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 711.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 711.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 701.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 588.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 711.57 Td (Amendment No.2, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 701.57 Td (March17, 1993, to Participation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 691.57 Td (Agreement, dated as of ) Tj ET Q q 0 0 0 rg BT 282.46 691.57 Td (August1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 681.57 Td (1986, among PVGS Funding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 671.57 Td (Corp.,Inc., PVGS II Funding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 661.57 Td (Corp.,Inc., State Street Bank and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 651.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 651.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 249.32 651.57 Td (, as successor to ) Tj ET Q q 0 0 0 rg BT 315.83 651.57 Td (The) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 641.57 Td (First National Bank of Boston, in its) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 631.57 Td (individual capacity and as Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 621.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 621.57 Td (rustee, Chemical Bank, in its) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 611.57 Td (individual capacity and as Indenture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 601.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 601.57 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 221.86 601.57 Td (APS, and the Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 591.57 Td (Participant named therein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 711.57 Td (28.4 to ) Tj ET Q q 0 0 0 rg BT 379.50 711.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 711.57 Td (s 1992 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 701.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 588.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 711.57 Td (3/30/1993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 572.57 Td (99.3) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 70.00 575.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 499.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 572.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 572.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 572.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 562.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 499.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 572.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 572.57 Td (rust Indenture, Mortgage, Security) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 562.57 Td (Agreement and ) Tj ET Q q 0 0 0 rg BT 251.09 562.57 Td (Assignment of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 552.57 Td (Facility Lease, dated as of ) Tj ET Q q 0 0 0 rg BT 294.41 552.57 Td (August1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 542.57 Td (1986, between State Street Bank and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 532.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 532.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 249.32 532.57 Td (, as successor to ) Tj ET Q q 0 0 0 rg BT 315.83 532.57 Td (The) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 522.57 Td (First National Bank of Boston, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 512.57 Td (Owner ) Tj ET Q q 0 0 0 rg BT 217.12 512.57 Td (T) Tj ET Q q 0 0 0 rg BT 222.96 512.57 Td (rustee, and Chemical Bank,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 502.57 Td (as Indenture ) Tj ET Q q 0 0 0 rg BT 239.06 502.57 Td (T) Tj ET Q q 0 0 0 rg BT 244.90 502.57 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 572.57 Td (4.5 to ) Tj ET Q q 0 0 0 rg BT 374.50 572.57 Td (APS) Tj ET Q q 0 0 0 rg BT 395.63 572.57 Td (s Form18 Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 562.57 Td (Statement, File No.33-9480) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 499.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.20 572.57 Td (10/24/1986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 483.57 Td (99.3a) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 74.44 486.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 390.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 483.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 483.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 483.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 473.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 390.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 483.57 Td (Supplemental Indenture No.1, dated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 473.57 Td (as of November1, 1986 to ) Tj ET Q q 0 0 0 rg BT 296.56 473.57 Td (T) Tj ET Q q 0 0 0 rg BT 302.40 473.57 Td (rust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 463.57 Td (Indenture, Mortgage, Security) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 453.57 Td (Agreement and ) Tj ET Q q 0 0 0 rg BT 251.09 453.57 Td (Assignment of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 443.57 Td (Facility Lease, dated as of ) Tj ET Q q 0 0 0 rg BT 294.41 443.57 Td (August1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 433.57 Td (1986, between State Street Bank and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 423.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 423.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 249.32 423.57 Td (, as successor to ) Tj ET Q q 0 0 0 rg BT 315.83 423.57 Td (The) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 413.57 Td (First National Bank of Boston, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 403.57 Td (Owner ) Tj ET Q q 0 0 0 rg BT 217.12 403.57 Td (T) Tj ET Q q 0 0 0 rg BT 222.96 403.57 Td (rustee, and Chemical Bank,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 393.57 Td (as Indenture ) Tj ET Q q 0 0 0 rg BT 239.06 393.57 Td (T) Tj ET Q q 0 0 0 rg BT 244.90 393.57 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 483.57 Td (10.6 to ) Tj ET Q q 0 0 0 rg BT 379.50 483.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 483.57 Td (s September30, 1986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 473.57 Td (Form10-Q Report by means of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 463.57 Td (Amendment No.1 on December 3,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 453.57 Td (1986 Form8, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 390.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 483.57 Td (12/4/1986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 374.57 Td (99.3b) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 75.00 377.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 291.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 374.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 374.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 374.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 364.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 291.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 374.57 Td (Supplemental Indenture No.2 to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 364.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 364.57 Td (rust Indenture, Mortgage, Security) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 354.57 Td (Agreement and ) Tj ET Q q 0 0 0 rg BT 251.09 354.57 Td (Assignment of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 344.57 Td (Facility Lease, dated as of ) Tj ET Q q 0 0 0 rg BT 294.41 344.57 Td (August1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 334.57 Td (1986, between State Street Bank and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 324.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 324.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 249.32 324.57 Td (, as successor to ) Tj ET Q q 0 0 0 rg BT 315.83 324.57 Td (The) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 314.57 Td (First National Bank of Boston, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 304.57 Td (Owner ) Tj ET Q q 0 0 0 rg BT 217.12 304.57 Td (T) Tj ET Q q 0 0 0 rg BT 222.96 304.57 Td (rustee, and Chemical Bank,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 294.57 Td (as Lease Indenture ) Tj ET Q q 0 0 0 rg BT 264.87 294.57 Td (T) Tj ET Q q 0 0 0 rg BT 270.71 294.57 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 374.57 Td (4.4 to ) Tj ET Q q 0 0 0 rg BT 374.50 374.57 Td (APS) Tj ET Q q 0 0 0 rg BT 395.63 374.57 Td (s 1992 Form 10-K Report,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 364.57 Td (File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 291.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 374.57 Td (3/30/1993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 275.57 Td (99.4) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 70.00 278.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 222.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 275.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 275.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 275.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 265.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 222.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 275.57 Td (Assignment, ) Tj ET Q q 0 0 0 rg BT 240.00 275.57 Td (Assumption and Further) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 265.57 Td (Agreement, dated as of ) Tj ET Q q 0 0 0 rg BT 282.46 265.57 Td (August1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 255.57 Td (1986, between ) Tj ET Q q 0 0 0 rg BT 248.04 255.57 Td (APS and State Street) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 245.57 Td (Bank and ) Tj ET Q q 0 0 0 rg BT 227.96 245.57 Td (T) Tj ET Q q 0 0 0 rg BT 233.80 245.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 289.69 245.57 Td (, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 235.57 Td (successor to ) Tj ET Q q 0 0 0 rg BT 238.51 235.57 Td (The First National Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 225.57 Td (of Boston, as Owner ) Tj ET Q q 0 0 0 rg BT 272.12 225.57 Td (T) Tj ET Q q 0 0 0 rg BT 277.96 225.57 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 275.57 Td (28.3 to ) Tj ET Q q 0 0 0 rg BT 379.50 275.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 275.57 Td (s Form18 Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 265.57 Td (Statement, File No.33-9480) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 222.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.20 275.57 Td (10/24/1986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 206.57 Td (99.4a) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 74.44 209.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 133.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 206.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 206.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 206.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 196.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 133.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 206.57 Td (Amendment No.1, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 196.57 Td (November1, 1986, to ) Tj ET Q q 0 0 0 rg BT 277.21 196.57 Td (Assignment,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 186.57 Td (Assumption and Further ) Tj ET Q q 0 0 0 rg BT 286.94 186.57 Td (Agreement,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 176.57 Td (dated as of ) Tj ET Q q 0 0 0 rg BT 233.04 176.57 Td (August1, 1986, between) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 166.57 Td (APS and State Street Bank and ) Tj ET Q q 0 0 0 rg BT 314.06 166.57 Td (T) Tj ET Q q 0 0 0 rg BT 319.90 166.57 Td (rust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 156.57 Td (Company) Tj ET Q q 0 0 0 rg BT 226.06 156.57 Td (, as successor to ) Tj ET Q q 0 0 0 rg BT 292.58 156.57 Td (The First) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 146.57 Td (National Bank of Boston, as Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 136.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 136.57 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 206.57 Td (10.10 to ) Tj ET Q q 0 0 0 rg BT 384.23 206.57 Td (APS) Tj ET Q q 0 0 0 rg BT 405.35 206.57 Td (s September30, 1986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 196.57 Td (Form10-Q Report by means of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 186.57 Td (Amendment No.l on December 3,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 176.57 Td (1986 Form8, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 133.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 206.57 Td (12/4/1986) Tj ET Q endstream endobj 413 0 obj <>] /Rotate 0 /Contents 414 0 R>> endobj 414 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (202) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 733.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 725.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 725.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 725.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 725.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 725.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 725.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 723.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 725.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 711.57 Td (99.4b) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 75.00 714.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 638.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 711.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 711.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 711.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 701.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 638.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 711.57 Td (Amendment No.2, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 701.57 Td (March17, 1993, to ) Tj ET Q q 0 0 0 rg BT 266.10 701.57 Td (Assignment,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 691.57 Td (Assumption and Further ) Tj ET Q q 0 0 0 rg BT 286.94 691.57 Td (Agreement,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 681.57 Td (dated as of ) Tj ET Q q 0 0 0 rg BT 233.04 681.57 Td (August1, 1986, between) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 671.57 Td (APS and State Street Bank and ) Tj ET Q q 0 0 0 rg BT 314.06 671.57 Td (T) Tj ET Q q 0 0 0 rg BT 319.90 671.57 Td (rust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 661.57 Td (Company) Tj ET Q q 0 0 0 rg BT 226.06 661.57 Td (, as successor to ) Tj ET Q q 0 0 0 rg BT 292.58 661.57 Td (The First) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 651.57 Td (National Bank of Boston, as Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 641.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 641.57 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 711.57 Td (28.6 to ) Tj ET Q q 0 0 0 rg BT 379.50 711.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 711.57 Td (s 1992 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 701.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 638.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 711.57 Td (3/30/1993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 622.57 Td (99.5) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 519.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 622.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 622.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 622.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 612.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 519.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 622.57 Td (Participation ) Tj ET Q q 0 0 0 rg BT 240.82 622.57 Td (Agreement, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 612.57 Td (December15, 1986, among PVGS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 602.57 Td (Funding Report Corp.,Inc., State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 592.57 Td (Street Bank and ) Tj ET Q q 0 0 0 rg BT 253.78 592.57 Td (T) Tj ET Q q 0 0 0 rg BT 259.62 592.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 315.51 592.57 Td (, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 582.57 Td (successor to ) Tj ET Q q 0 0 0 rg BT 238.51 582.57 Td (The First National Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 572.57 Td (of Boston, in its individual capacity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 562.57 Td (and as Owner ) Tj ET Q q 0 0 0 rg BT 244.89 562.57 Td (T) Tj ET Q q 0 0 0 rg BT 250.73 562.57 Td (rustee, Chemical) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 552.57 Td (Bank, in its individual capacity and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 542.57 Td (as Indenture ) Tj ET Q q 0 0 0 rg BT 239.06 542.57 Td (T) Tj ET Q q 0 0 0 rg BT 244.90 542.57 Td (rustee under a ) Tj ET Q q 0 0 0 rg BT 303.22 542.57 Td (T) Tj ET Q q 0 0 0 rg BT 309.06 542.57 Td (rust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 532.57 Td (Indenture, ) Tj ET Q q 0 0 0 rg BT 230.54 532.57 Td (APS, and the Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 522.57 Td (Participant named therein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 622.57 Td (28.2 to ) Tj ET Q q 0 0 0 rg BT 379.50 622.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 622.57 Td (s September30, 1992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 612.57 Td (Form10-Q Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 519.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 622.57 Td (1) Tj ET Q q 0 0 0 rg BT 520.71 622.57 Td (1/9/1992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 503.57 Td (99.5a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 400.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 503.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 503.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 503.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 493.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 400.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 503.57 Td (Amendment No.1, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 493.57 Td (August1, 1987, to Participation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 483.57 Td (Agreement, dated as of December15,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 473.57 Td (1986, among PVGS Funding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 463.57 Td (Corp.,Inc. as Funding Corporation,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 453.57 Td (State Street Bank and ) Tj ET Q q 0 0 0 rg BT 276.28 453.57 Td (T) Tj ET Q q 0 0 0 rg BT 282.12 453.57 Td (rust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 443.57 Td (Company) Tj ET Q q 0 0 0 rg BT 226.06 443.57 Td (, as successor to ) Tj ET Q q 0 0 0 rg BT 292.58 443.57 Td (The First) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 433.57 Td (National Bank of Boston, as Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 423.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 423.57 Td (rustee, Chemical Bank, as Indenture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 413.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 413.57 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 221.86 413.57 Td (APS, and the Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 403.57 Td (Participant named therein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 503.57 Td (28.20 to ) Tj ET Q q 0 0 0 rg BT 384.50 503.57 Td (APS) Tj ET Q q 0 0 0 rg BT 405.63 503.57 Td (s Form18 Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 493.57 Td (Statement No.33-9480 by means of a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 483.57 Td (November6, 1986 Form8-K Report,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 473.57 Td (File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 400.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 503.57 Td (8/10/1987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 384.57 Td (99.5b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 261.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 384.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 384.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 384.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 374.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 261.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 384.57 Td (Amendment No.2, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 374.57 Td (March17, 1993, to Participation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 364.57 Td (Agreement, dated as of December15,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 354.57 Td (1986, among PVGS Funding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 344.57 Td (Corp.,Inc., PVGS II Funding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 334.57 Td (Corp.,Inc., State Street Bank and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 324.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 324.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 249.32 324.57 Td (, as successor to ) Tj ET Q q 0 0 0 rg BT 315.83 324.57 Td (The) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 314.57 Td (First National Bank of Boston, in its) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 304.57 Td (individual capacity and as Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 294.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 294.57 Td (rustee, Chemical Bank, in its) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 284.57 Td (individual capacity and as Indenture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 274.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 274.57 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 221.86 274.57 Td (APS, and the Owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 264.57 Td (Participant named therein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 384.57 Td (28.5 to ) Tj ET Q q 0 0 0 rg BT 379.50 384.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 384.57 Td (s 1992 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 374.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 261.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 384.57 Td (3/30/1993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 245.57 Td (99.6) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 172.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 245.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 245.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 245.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 235.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 172.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 245.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 245.57 Td (rust Indenture, Mortgage Security) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 235.57 Td (Agreement and ) Tj ET Q q 0 0 0 rg BT 251.09 235.57 Td (Assignment of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 225.57 Td (Facility Lease, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 215.57 Td (December15, 1986, between State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 205.57 Td (Street Bank and ) Tj ET Q q 0 0 0 rg BT 253.78 205.57 Td (T) Tj ET Q q 0 0 0 rg BT 259.62 205.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 315.51 205.57 Td (, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 195.57 Td (successor to ) Tj ET Q q 0 0 0 rg BT 238.51 195.57 Td (The First National Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 185.57 Td (of Boston, as Owner ) Tj ET Q q 0 0 0 rg BT 272.12 185.57 Td (T) Tj ET Q q 0 0 0 rg BT 277.96 185.57 Td (rustee, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 175.57 Td (Chemical Bank, as Indenture ) Tj ET Q q 0 0 0 rg BT 305.98 175.57 Td (T) Tj ET Q q 0 0 0 rg BT 311.83 175.57 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 245.57 Td (10.2 to ) Tj ET Q q 0 0 0 rg BT 379.50 245.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 245.57 Td (s November18, 1986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 235.57 Td (Form10-K Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 172.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 245.57 Td (1/20/1987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 156.57 Td (99.6a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 63.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 156.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 156.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 156.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 146.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 63.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 156.57 Td (Supplemental Indenture No.1, dated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 146.57 Td (as of ) Tj ET Q q 0 0 0 rg BT 208.88 146.57 Td (August1, 1987, to ) Tj ET Q q 0 0 0 rg BT 285.19 146.57 Td (T) Tj ET Q q 0 0 0 rg BT 291.03 146.57 Td (rust) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 136.57 Td (Indenture, Mortgage, Security) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 126.57 Td (Agreement and ) Tj ET Q q 0 0 0 rg BT 251.09 126.57 Td (Assignment of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 116.57 Td (Facility Lease, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 106.57 Td (December15, 1986, between State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 96.57 Td (Street Bank and ) Tj ET Q q 0 0 0 rg BT 253.78 96.57 Td (T) Tj ET Q q 0 0 0 rg BT 259.62 96.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 315.51 96.57 Td (, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 86.57 Td (successor to ) Tj ET Q q 0 0 0 rg BT 238.51 86.57 Td (The First National Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 76.57 Td (of Boston, as Owner ) Tj ET Q q 0 0 0 rg BT 272.12 76.57 Td (T) Tj ET Q q 0 0 0 rg BT 277.96 76.57 Td (rustee, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 66.57 Td (Chemical Bank, as Indenture ) Tj ET Q q 0 0 0 rg BT 305.98 66.57 Td (T) Tj ET Q q 0 0 0 rg BT 311.83 66.57 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 156.57 Td (4.13 to ) Tj ET Q q 0 0 0 rg BT 379.23 156.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.35 156.57 Td (s Form18 Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 146.57 Td (Statement No.33-9480 by means of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 136.57 Td (August1, 1987 Form8-K Report,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 126.57 Td (File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 63.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 156.57 Td (8/24/1987) Tj ET Q endstream endobj 415 0 obj <>] /Rotate 0 /Contents 416 0 R>> endobj 416 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (203) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 732.23 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 724.23 Td (No.) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 106.50 722.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.75 724.23 Td (Registrant\(s\)) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 183.50 722.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.70 724.23 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.55 724.23 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.84 724.23 Td (eviouslyFiledasExhibit:) Tj ET Q BT /F2 5.00 Tf ET q 0 0 0 rg BT 472.85 724.23 Td (a) Tj ET Q BT /F2 1.00 Tf ET q 0 0 0 rg BT 508.50 722.72 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.30 724.23 Td (Date Filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 710.57 Td (99.6b) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 617.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 710.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 710.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 710.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 700.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 617.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 710.57 Td (Supplemental Indenture No.2 to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 700.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 700.57 Td (rust Indenture Mortgage, Security) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 690.57 Td (Agreement and ) Tj ET Q q 0 0 0 rg BT 251.09 690.57 Td (Assignment of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 680.57 Td (Facility Lease, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 670.57 Td (December15, 1986, between State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 660.57 Td (Street Bank and ) Tj ET Q q 0 0 0 rg BT 253.78 660.57 Td (T) Tj ET Q q 0 0 0 rg BT 259.62 660.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 315.51 660.57 Td (, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 650.57 Td (successor to ) Tj ET Q q 0 0 0 rg BT 238.51 650.57 Td (The First National Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 640.57 Td (of Boston, as Owner ) Tj ET Q q 0 0 0 rg BT 272.12 640.57 Td (T) Tj ET Q q 0 0 0 rg BT 277.96 640.57 Td (rustee, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 630.57 Td (Chemical Bank, as Lease Indenture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 620.57 Td (T) Tj ET Q q 0 0 0 rg BT 193.43 620.57 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 710.57 Td (4.5 to ) Tj ET Q q 0 0 0 rg BT 374.50 710.57 Td (APS) Tj ET Q q 0 0 0 rg BT 395.63 710.57 Td (s 1992 Form10-K Report,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 700.57 Td (File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 617.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 710.57 Td (3/30/1993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 601.57 Td (99.7) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 538.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 601.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 601.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 601.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 591.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 538.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 601.57 Td (Assignment, ) Tj ET Q q 0 0 0 rg BT 240.00 601.57 Td (Assumption and Further) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 591.57 Td (Agreement, dated as of December15,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 581.57 Td (1986, between ) Tj ET Q q 0 0 0 rg BT 248.04 581.57 Td (APS and State Street) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 571.57 Td (Bank and ) Tj ET Q q 0 0 0 rg BT 227.96 571.57 Td (T) Tj ET Q q 0 0 0 rg BT 233.80 571.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 289.69 571.57 Td (, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 561.57 Td (successor to ) Tj ET Q q 0 0 0 rg BT 238.51 561.57 Td (The First National Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 551.57 Td (of Boston, as Owner ) Tj ET Q q 0 0 0 rg BT 272.12 551.57 Td (T) Tj ET Q q 0 0 0 rg BT 277.96 551.57 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 601.57 Td (10.5 to ) Tj ET Q q 0 0 0 rg BT 379.50 601.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 601.57 Td (s November18, 1986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 591.57 Td (Form8-K Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 538.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 601.57 Td (1/20/1987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 522.57 Td (99.7a) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 449.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 522.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 522.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 522.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 512.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 449.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 522.57 Td (Amendment No.1, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 512.57 Td (March17, 1993, to ) Tj ET Q q 0 0 0 rg BT 266.10 512.57 Td (Assignment,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 502.57 Td (Assumption and Further ) Tj ET Q q 0 0 0 rg BT 286.94 502.57 Td (Agreement,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 492.57 Td (dated as of December15, 1986,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 482.57 Td (between ) Tj ET Q q 0 0 0 rg BT 223.04 482.57 Td (APS and State Street Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 472.57 Td (and ) Tj ET Q q 0 0 0 rg BT 204.35 472.57 Td (T) Tj ET Q q 0 0 0 rg BT 210.19 472.57 Td (rust Company) Tj ET Q q 0 0 0 rg BT 266.08 472.57 Td (, as successor to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 462.57 Td (The First National Bank of Boston, as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 452.57 Td (Owner ) Tj ET Q q 0 0 0 rg BT 217.12 452.57 Td (T) Tj ET Q q 0 0 0 rg BT 222.96 452.57 Td (rustee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 522.57 Td (28.7 to ) Tj ET Q q 0 0 0 rg BT 379.50 522.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 522.57 Td (s 1992 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 512.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 449.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 522.57 Td (3/30/1993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 433.57 Td (99.8) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 70.00 436.74 Td (c) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 420.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 433.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 433.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 433.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 423.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 420.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 433.57 Td (Indemnity ) Tj ET Q q 0 0 0 rg BT 230.83 433.57 Td (Agreement dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 423.57 Td (March17, 1993 by ) Tj ET Q q 0 0 0 rg BT 265.82 423.57 Td (APS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 433.57 Td (28.3 to ) Tj ET Q q 0 0 0 rg BT 379.50 433.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 433.57 Td (s 1992 Form 10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 423.57 Td (Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 420.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 433.57 Td (3/30/1993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 404.57 Td (99.9) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 371.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 404.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 404.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 404.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 394.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 371.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 404.57 Td (Extension Letter) Tj ET Q q 0 0 0 rg BT 253.67 404.57 Td (, dated as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 394.57 Td (August13, 1987, from the signatories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 384.57 Td (of the Participation ) Tj ET Q q 0 0 0 rg BT 266.37 384.57 Td (Agreement to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 374.57 Td (Chemical Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 404.57 Td (28.20 to ) Tj ET Q q 0 0 0 rg BT 384.50 404.57 Td (APS) Tj ET Q q 0 0 0 rg BT 405.63 404.57 Td (s Form18 Registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 394.57 Td (Statement No.33-9480 by means of a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 384.57 Td (November6, 1986 Form8-K Report,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 374.57 Td (File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 371.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.70 404.57 Td (8/10/1987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 355.57 Td (99.10) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 332.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 355.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 355.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 355.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 345.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 332.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 354.2333984375 m 323.75 354.2333984375 l s q 0 0 1 rg BT 187.50 355.57 Td (ACC Order) Tj ET Q q 0 0 1 rg BT 233.48 355.57 Td (, Decision No.61969, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 344.2333984375 m 337.1923828125 344.2333984375 l s q 0 0 1 rg BT 187.50 345.57 Td (dated September29, 1999, including ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 334.2333984375 m 337.4658203125 334.2333984375 l s q 0 0 1 rg BT 187.50 335.57 Td (the Retail Electric Competition Rules) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 355.57 Td (10.2 to ) Tj ET Q q 0 0 0 rg BT 379.50 355.57 Td (APS) Tj ET Q q 0 0 0 rg BT 400.63 355.57 Td (s September30, 1999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 345.57 Td (Form10-Q Report, File No.1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 332.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.40 355.57 Td (1) Tj ET Q q 0 0 0 rg BT 518.21 355.57 Td (1/15/1999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 316.57 Td (99.1) Tj ET Q q 0 0 0 rg BT 70.00 316.57 Td (1) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 273.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 316.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.59 316.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.54 316.57 Td (est) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 273.76 Td () Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 315.2333984375 m 331.6259765625 315.2333984375 l s q 0 0 1 rg BT 187.50 316.57 Td (Purchase ) Tj ET Q q 0 0 1 rg BT 225.55 316.57 Td (Agreement by and among ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 305.2333984375 m 328.5205078125 305.2333984375 l s q 0 0 1 rg BT 187.50 306.57 Td (Pinnacle ) Tj ET Q q 0 0 1 rg BT 224.25 306.57 Td (W) Tj ET Q q 0 0 1 rg BT 232.89 306.57 Td (est Ener) Tj ET Q q 0 0 1 rg BT 265.20 306.57 Td (gy Corporation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 295.2333984375 m 324.70703125 295.2333984375 l s q 0 0 1 rg BT 187.50 296.57 Td (and GenW) Tj ET Q q 0 0 1 rg BT 229.74 296.57 Td (est, L.L.C. and Nevada ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 187.5 285.2333984375 m 338.7744140625 285.2333984375 l s q 0 0 1 rg BT 187.50 286.57 Td (Power Company) Tj ET Q q 0 0 1 rg BT 253.79 286.57 Td (, dated June21, 2005) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 316.57 Td (99.5 to Pinnacle ) Tj ET Q q 0 0 0 rg BT 416.62 316.57 Td (W) Tj ET Q q 0 0 0 rg BT 425.57 316.57 Td (est/APS June30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 306.57 Td (2005 Form10-Q Report, File Nos.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 296.57 Td (1-8962 and 1-4473) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 273.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 316.57 Td (8/9/2005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 257.57 Td (101.INS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 244.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 257.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 257.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 257.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 247.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 244.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 257.57 Td (XBRL) Tj ET Q q 0 0 0 rg BT 213.98 257.57 Td ( Instance Document) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 263.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 244.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 263.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 228.57 Td (101.SCH) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 215.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 228.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 228.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 228.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 218.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 215.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 228.57 Td (XBRL) Tj ET Q q 0 0 0 rg BT 213.98 228.57 Td ( ) Tj ET Q q 0 0 0 rg BT 216.21 228.57 Td (T) Tj ET Q q 0 0 0 rg BT 221.88 228.57 Td (axonomy Extension Schema) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 218.57 Td (Document) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 234.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 215.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 234.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 199.57 Td (101.CAL) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 186.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 199.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 199.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 199.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 189.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 186.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 199.57 Td (XBRL) Tj ET Q q 0 0 0 rg BT 213.98 199.57 Td ( ) Tj ET Q q 0 0 0 rg BT 216.21 199.57 Td (T) Tj ET Q q 0 0 0 rg BT 221.88 199.57 Td (axonomy Extension) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 189.57 Td (Calculation Linkbase Document) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 205.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 186.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 205.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 170.57 Td (101.LAB) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 157.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 170.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 170.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 170.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 160.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 157.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 170.57 Td (XBRL) Tj ET Q q 0 0 0 rg BT 213.98 170.57 Td ( ) Tj ET Q q 0 0 0 rg BT 216.21 170.57 Td (T) Tj ET Q q 0 0 0 rg BT 221.88 170.57 Td (axonomy Extension Label) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 160.57 Td (Linkbase Document) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 176.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 157.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 176.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 141.57 Td (101.PRE) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 128.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 141.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 141.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 141.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 131.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 128.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 141.57 Td (XBRL) Tj ET Q q 0 0 0 rg BT 213.98 141.57 Td ( ) Tj ET Q q 0 0 0 rg BT 216.21 141.57 Td (T) Tj ET Q q 0 0 0 rg BT 221.88 141.57 Td (axonomy Extension) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 131.57 Td (Presentation Linkbase Document) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 147.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 128.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 147.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 112.57 Td (101.DEF) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 106.50 99.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.75 112.57 Td (Pinnacle ) Tj ET Q q 0 0 0 rg BT 152.50 112.57 Td (W) Tj ET Q q 0 0 0 rg BT 161.14 112.57 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.80 102.57 Td (APS) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 183.50 99.76 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 112.57 Td (XBRL) Tj ET Q q 0 0 0 rg BT 213.80 112.57 Td ( ) Tj ET Q q 0 0 0 rg BT 216.12 112.57 Td (T) Tj ET Q q 0 0 0 rg BT 221.53 112.57 Td (axonomy Definition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 102.57 Td (Linkbase Document) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 349.50 118.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 508.50 99.76 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 536.00 118.81 Td () Tj ET Q BT /F1 11.50 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 83 m 300 83 l s BT /F1 11.50 Tf ET BT /F1 7.00 Tf ET q 0 0 0 rg BT 81.50 63.70 Td (a) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 84.61 63.70 Td (Reports filed under File No.1-4473 and 1-8962 were filed in the of) Tj ET Q q 0 0 0 rg BT 394.51 63.70 Td (fice of the Securities and Exchange ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 49.95 Td (Commission located in ) Tj ET Q q 0 0 0 rg BT 158.22 49.95 Td (W) Tj ET Q q 0 0 0 rg BT 168.15 49.95 Td (ashington, D.C.) Tj ET Q endstream endobj 417 0 obj <>] /Rotate 0 /Contents 418 0 R>> endobj 418 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (204) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 734.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 81.50 720.75 Td (b) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.00 720.75 Td (Management contract or compensatory plan or arrangement to be filed as an exhibit pursuant to Item ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 706.95 Td (15\(b\)of Form10-K.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 693.15 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 81.50 679.35 Td (c) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 84.61 679.35 Td (An additional document, substantially identical in all material respects to this Exhibit, has been entered ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 665.55 Td (into, relating to an additional Equity Participant. ) Tj ET Q q 0 0 0 rg BT 276.91 665.55 Td (Although such additional document may dif) Tj ET Q q 0 0 0 rg BT 479.51 665.55 Td (fer in other ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 651.75 Td (respects \(such as dollar amounts, percentages, tax indemnity matters, and dates of execution\), there are no ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 637.95 Td (material details in which such document dif) Tj ET Q q 0 0 0 rg BT 250.49 637.95 Td (fers from this Exhibit.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 624.15 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 81.50 610.35 Td (d) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 85.00 610.35 Td (Additional agreements, substantially identical in all material respects to this Exhibithave been entered ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 596.55 Td (into with additional persons. ) Tj ET Q q 0 0 0 rg BT 185.58 596.55 Td (Although such additional documents may dif) Tj ET Q q 0 0 0 rg BT 392.66 596.55 Td (fer in other respects \(such as dollar ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (amounts and dates of execution\), there are no material details in which such agreements dif) Tj ET Q q 0 0 0 rg BT 469.22 582.75 Td (fer from this ) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 568.95 Td (Exhibit.) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 49.50 555.15 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 81.50 541.35 Td (e) Tj ET Q BT /F1 11.50 Tf ET q 0 0 0 rg BT 84.61 541.35 Td (Furnished herewith as an Exhibit.) 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Brandt) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 375.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 368.82 Td (Principal Executive Of) Tj ET Q q 0 0 0 rg BT 406.05 368.82 Td (ficer) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 375.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 368.82 Td (February23, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.45 354.82 Td (\(Donald E. Brandt, Chairman) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 361.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 354.82 Td (and Director) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 361.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 485.50 361.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.65 340.82 Td (of the Board of Directors, President and) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 347.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 314.50 347.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 347.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 485.50 347.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.85 326.82 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 198.51 326.82 Td (ficer\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 333.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 314.50 333.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 333.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 485.50 333.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.50 312.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 312.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 312.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 312.82 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 313.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.50 298.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 298.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 298.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 298.82 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 299.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.80 284.82 Td (/s/ James R. Hatfield) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 291.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 284.82 Td (Principal Financial Of) Tj ET Q q 0 0 0 rg BT 403.28 284.82 Td (ficer) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 291.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 284.82 Td (February23, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.85 270.82 Td (\(James R. Hatfield,) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 277.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 314.50 277.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 277.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 485.50 277.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.85 256.82 Td (Executive ) Tj ET Q q 0 0 0 rg BT 154.24 256.82 Td (V) Tj ET Q q 0 0 0 rg BT 161.07 256.82 Td (ice President and) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 263.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 314.50 263.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 263.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 485.50 263.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.25 242.82 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 197.14 242.82 Td (ficer\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 249.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 314.50 249.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 249.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 485.50 249.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.50 228.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 228.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 228.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 228.82 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 229.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.50 214.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 214.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 214.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 214.82 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 215.51 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.80 200.82 Td (/s/ Denise R. Danner) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 207.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 200.82 Td (Principal ) Tj ET Q q 0 0 0 rg BT 352.83 200.82 Td (Accounting Of) Tj ET Q q 0 0 0 rg BT 412.17 200.82 Td (ficer) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 207.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 200.82 Td (February23, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.10 186.82 Td (\(Denise R. Danner) Tj ET Q q 0 0 0 rg BT 206.60 186.82 Td (,) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 193.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 314.50 193.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 193.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 485.50 193.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.95 172.82 Td (V) Tj ET Q q 0 0 0 rg BT 116.87 172.82 Td (ice President, Controller and) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 179.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 314.50 179.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 179.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 485.50 179.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.80 158.82 Td (Chief ) Tj ET Q q 0 0 0 rg BT 141.97 158.82 Td (Accounting Of) Tj ET Q q 0 0 0 rg BT 201.49 158.82 Td (ficer\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 165.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 314.50 165.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 165.06 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 485.50 165.06 Td () Tj ET Q BT /F1 11.50 Tf ET endstream endobj 425 0 obj <>] /Rotate 0 /Contents 426 0 R>> endobj 426 0 obj <> stream BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 772.93359375 m 108.76171875 772.93359375 l s q 0 0 1 rg BT 50.00 774.00 Td (T) Tj ET Q q 0 0 1 rg BT 54.33 774.00 Td (able of Contents ) Tj ET Q BT /F1 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 11.50 Tf ET q 0 0 0 rg BT 297.35 32.55 Td (208) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 728 m 292 728 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 672 m 292 672 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 616 m 292 616 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 560 m 292 560 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 504 m 292 504 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 448 m 292 448 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 392 m 292 392 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 336 m 292 336 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 280 m 292 280 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 224 m 292 224 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.50 732.57 Td (/s/ Denis ) Tj ET Q q 0 0 0 rg BT 168.00 732.57 Td (A. Cortese) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 738.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 732.57 Td (Director) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 738.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 732.57 Td (February23, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.05 718.57 Td (\(Denis ) Tj ET Q q 0 0 0 rg BT 148.93 718.57 Td (A. Cortese, M.D.\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 724.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 314.50 724.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 724.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 485.50 724.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.50 704.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 704.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 704.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 704.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 704.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.90 676.57 Td (/s/ Richard P) Tj ET Q q 0 0 0 rg BT 186.01 676.57 Td (. Fox) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 682.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 676.57 Td (Director) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 682.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 676.57 Td (February23, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.55 662.57 Td (\(Richard P) Tj ET Q q 0 0 0 rg BT 180.04 662.57 Td (. Fox\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 668.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 314.50 668.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 668.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 485.50 668.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.50 648.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 648.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 648.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 648.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 648.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.60 620.57 Td (/s/ Michael L. Gallagher) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 626.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 620.57 Td (Director) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 626.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 620.57 Td (February23, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.25 606.57 Td (\(Michael L. Gallagher\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 612.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 314.50 612.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 612.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 485.50 612.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.50 592.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 592.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 592.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 592.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 592.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.50 578.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 578.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 578.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 578.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 578.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.15 564.57 Td (/s/ Roy ) Tj ET Q q 0 0 0 rg BT 138.99 564.57 Td (A. Herber) Tj ET Q q 0 0 0 rg BT 178.61 564.57 Td (ger) Tj ET Q q 0 0 0 rg BT 191.08 564.57 Td (, Jr) Tj ET Q q 0 0 0 rg BT 202.83 564.57 Td (., Ph.D.) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 570.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 564.57 Td (Director) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 570.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 564.57 Td (February23, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.80 550.57 Td (\(Roy ) Tj ET Q q 0 0 0 rg BT 133.02 550.57 Td (A. Herber) Tj ET Q q 0 0 0 rg BT 172.64 550.57 Td (ger) Tj ET Q q 0 0 0 rg BT 185.12 550.57 Td (,Jr) Tj ET Q q 0 0 0 rg BT 196.86 550.57 Td (., Ph.D.\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 556.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 314.50 556.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 556.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 485.50 556.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.50 537.26 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 536.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 536.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 536.57 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 537.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.50 523.26 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 522.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 522.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 522.57 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 523.26 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.25 508.57 Td (/s/ Dale E. Klein, Ph.D.) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 514.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 508.57 Td (Director) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 514.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 508.57 Td (February23, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.90 494.57 Td (\(Dale E. Klein, Ph.D.\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 500.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 314.50 500.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 500.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 485.50 500.81 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.50 481.26 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 480.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 480.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 480.57 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 481.26 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.50 467.26 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 466.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 466.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 466.57 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 467.26 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.20 452.57 Td (/s/ Humberto S. Lopez) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 458.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 452.57 Td (Director) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 458.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 452.57 Td (February23, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.85 438.57 Td (\(Humberto S. Lopez\)) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 294.50 444.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 314.50 444.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 465.50 444.81 Td () Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 485.50 444.81 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.50 424.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 424.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 424.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 424.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 424.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.50 410.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 410.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.50 410.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 410.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 410.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.70 396.57 Td (/s/ Kathryn L. 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