Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2011

Debt Instrument [Line Items]

Schedule of Long-Term Debt Instruments

Puget Energy		At December 31,
(Dollars in Thousands)	Due	2011			2010
PSE long-term debt	Various	$	3,773,845		$	3,463,860
Fair value adjustment of PSE long-term debt 1		(276,322		)	(284,187		)
Term-loan	2014	298,000			782,000
Capital expenditures facility	2014	545,000			258,000
6.500% senior secured note	2020	450,000			450,000
6.000% senior secured note	2021	500,000			—
Original discount on Puget Energy term-loan and capital expenditures facility	N/A	(13,144		)	(26,947		)
Unamortized discount on senior secured note	N/A	(12		)	(13		)
Total Puget Energy long-term debt		$	5,277,367		$	4,642,713

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1. For additional information regarding fair value adjustments, see Note 3

Schedule of Maturities of Long-Term Debt

The principal amounts of long-term debt maturities for the next five years and thereafter are as follows:

(Dollars in Thousands)	2012		2013	2014		2015	2016	Thereafter	Total
Maturities of:
PSE long-term debt	$	—	13,000	$	—	162,000	250,000	3,348,860	3,773,860
Puget Energy long-term debt	—		—	843,000		—	—	950,000	1,793,000
Puget Energy long-term debt	$	—	13,000	843,000		162,000	250,000	4,298,860	5,566,860

PUGET SOUND ENERGY, INC.

Debt Instrument [Line Items]

Schedule of Long-Term Debt Instruments

Puget Sound Energy (Dollars in Thousands)
First Mortgage Bonds, Pollution Control Bonds , Senior Notes and Junior Subordinated Notes
			At December 31,								At December 31,
Series		Due	2011		2010		Series			Due	2011			2010
7.690	%	2011	$	—	$	260,000	5.000	%	1	2031	$	138,460		$	138,460
6.830	%	2013	3,000		3,000		5.100	%	1	2031	23,400			23,400
6.900	%	2013	10,000		10,000		5.483	%		2035	250,000			250,000
5.197	%	2015	150,000		150,000		6.724	%		2036	250,000			250,000
7.350	%	2015	10,000		10,000		6.274	%		2037	300,000			300,000
7.360	%	2015	2,000		2,000		5.757	%		2039	350,000			350,000
6.750	%	2016	250,000		250,000		5.764	%		2040	250,000			250,000
6.740	%	2018	200,000		200,000		5.795	%		2040	325,000			325,000
9.570	%	2020	—		25,000		4.434	%		2041	250,000			—
7.150	%	2025	15,000		15,000		5.638	%		2041	300,000			—
7.200	%	2025	2,000		2,000		4.700	%		2051	45,000			—
7.020	%	2027	300,000		300,000		6.974	%	2	2067	250,000			250,000
7.000	%	2029	100,000		100,000
Total PSE long-term debt											$	3,773,860		$	3,463,860
Unamortized discount on senior notes											(15		)	—
Net PSE long-term debt											$	3,773,845		$	3,463,860

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1. Pollution Control Bonds

2. Junior Subordinated Notes