Question-and-Answer Session
[Operator Instructions]. Please hold for your first question. Your first question comes from the line of Paul Ridzon from KeyBanc.
William J. Post - Chairman of the Board and Chief Executive Officer
Hello Paul.
Paul Ridzon - KeyBanc
Just a quick question with regards to 07 actual versus kind of the guidance you gave most recently; could you kind of walk through some of the big deltas and drivers there?
Donald E. Brandt - President and Chief Financial Officer, Arizona Public Service Company; Executive Vice President and Chief Financial Officer, Pinnacle West Capital Corporation
Sure, Paul, this is Don Brandt. So, we continue to see revenue...additional revenue from growth, but it's more than offset. Just the single largest item or combination items is as I would call it capital related expenses, depreciation, financing, and property costs, taxes just related to the assets we have put in service. As Bill mentioned to you in his comments, we have invested...put in service $1.7 billion of capital expenditures since the amount of capital expenditures reflected in the last test year. So those are I mean there is a number of smaller ones, but that far outweighs any other cost positive or negative.
Paul Ridzon - KeyBanc
I am sorry, I should have been more clear on my question.
Donald E. Brandt - President and Chief Financial Officer, Arizona Public Service Company; Executive Vice President and Chief Financial Officer, Pinnacle West Capital Corporation
Okay
Paul Ridzon - KeyBanc
Could you contrast 07 actual with your last 07 guidance?
Donald E. Brandt - President and Chief Financial Officer, Arizona Public Service Company; Executive Vice President and Chief Financial Officer, Pinnacle West Capital Corporation
Okay. 295 versus our actual. We had some...about eight times worth of positive on the mark-to-market on the trading side. SunCor was actually $0.03, came in $0.03 better some capital related savings from our forecast of about $0.03, and then we get into a variety of smaller item that impacted actual 07.
Paul Ridzon - KeyBanc
When you give guidance you assume mark-to-market is zero, or how do you do that?
Donald E. Brandt - President and Chief Financial Officer, Arizona Public Service Company; Executive Vice President and Chief Financial Officer, Pinnacle West Capital Corporation
Yes.
Paul Ridzon - KeyBanc
Okay.
Donald E. Brandt - President and Chief Financial Officer, Arizona Public Service Company; Executive Vice President and Chief Financial Officer, Pinnacle West Capital Corporation
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