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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
Utility plant (including construction work in progress of $1,049,342 and $628,387, respectively)    
Electric plant $ 5,729,509 $ 5,253,786
Gas plant 2,164,404 2,129,200
Common plant 387,256 318,615
Less: Accumulated depreciation and amortization (556,403) (429,038)
Net utility plant 7,724,766 7,272,563
Other property and investments:    
Goodwill 1,656,513 1,656,513
Investment in exchange power contract 21,160 22,923
Other property and investments 122,106 125,918
Total other property and investments 1,799,779 1,805,354
Current assets    
Cash and cash equivalents 22,872 36,557
Restricted cash 4,452 5,470
Accounts receivable, net of allowance for doubtful accounts of $8,136 and $9,784, respectively 259,657 327,615
Unbilled revenue 92,207 194,088
Purchased gas adjustment receivable 0 5,992
Materials and supplies, at average cost 78,997 85,413
Fuel and gas inventory, at average cost 68,196 96,633
Unrealized gain on derivative instruments 9,819 7,500
Income taxes 12,290 76,183
Prepaid expense and other 16,772 14,835
Power contract acquisition adjustment gain 108,650 134,553
Deferred income taxes 57,842 83,086
Total current assets 731,754 1,067,925
Other Longterm And Regulatory Assets [Abstract]    
Regulatory assets for deferred income taxes 65,853 73,337
Regulatory asset for PURPA buyout costs 20,314 40,629
Power cost adjustment mechanism 10,601 15,618
Regulatory assets related to power contracts 76,015 116,116
Other regulatory assets 674,938 773,974
Unrealized gain on derivative instruments 8,063 8,233
Power contract acquisition adjustment gain 583,720 624,667
Other 149,873 130,920
Total other long-term and regulatory assets 1,589,377 1,783,494
Total assets 11,845,676 11,929,336
Common shareholder's equity:    
Common stock 0 0
Additional paid-in capital 3,308,957 3,308,957
Earnings reinvested in the business 12,799 17,024
Accumulated other comprehensive income (loss), net of tax 16,763 (3,069)
Total common shareholder's equity 3,338,519 3,322,912
Long-term debt    
First mortgage bonds and senior notes 3,092,000 2,792,000
Pollution control bonds 161,860 161,860
Junior subordinated notes 250,000 250,000
Long-term debt 1,793,000 1,490,000
Debt discount and other (295,228) (311,147)
Total long-term debt 5,001,632 4,382,713
Total capitalization 8,340,151 7,705,625
Current liabilities    
Accounts payable 231,450 291,148
Short-term debt 0 247,000
Current maturities of long-term debt 0 260,000
Accrued Expenses [Abstract]    
Purchased gas adjustment liability 12,724 0
Taxes 74,779 81,505
Salaries and wages 30,577 34,453
Interest 61,783 59,182
Unrealized loss on derivative instruments 231,622 273,100
Power contract acquisition adjustment loss 36,788 69,915
Other 88,968 114,409
Total current liabilities 768,691 1,430,712
Long-term and regulatory liabilities    
Deferred income taxes 1,148,840 1,127,611
Unrealized loss on derivative instruments 131,493 183,135
Regulatory liabilities 316,148 305,936
Regulatory liabilities related to power contracts 692,370 759,220
Power contract acquisition adjustment loss 39,516 46,779
Other deferred credits 408,467 370,318
Total long-term and regulatory liabilities 2,736,834 2,792,999
Commitments and contingencies    
Total capitalization and liabilities 11,845,676 11,929,336
Puget Sound Energy Inc.
   
Utility plant (including construction work in progress of $1,049,342 and $628,387, respectively)    
Electric plant 8,059,340 7,586,208
Gas plant 2,782,984 2,752,962
Common plant 493,454 427,227
Less: Accumulated depreciation and amortization (3,618,735) (3,509,277)
Net utility plant 7,717,043 7,257,120
Other property and investments:    
Investment in exchange power contract 21,160 22,923
Other property and investments 111,934 115,056
Total other property and investments 133,094 137,979
Current assets    
Cash and cash equivalents 16,347 36,320
Restricted cash 4,452 5,470
Accounts receivable, net of allowance for doubtful accounts of $8,136 and $9,784, respectively 259,610 327,341
Unbilled revenue 92,207 194,088
Purchased gas adjustment receivable 0 5,992
Materials and supplies, at average cost 77,806 84,222
Fuel and gas inventory, at average cost 63,342 92,222
Unrealized gain on derivative instruments 9,819 7,500
Income taxes 11,718 62,114
Prepaid expense and other 16,566 14,412
Deferred income taxes 68,058 80,215
Total current assets 619,925 909,896
Other Longterm And Regulatory Assets [Abstract]    
Regulatory assets for deferred income taxes 65,853 73,337
Regulatory asset for PURPA buyout costs 20,314 40,629
Power cost adjustment mechanism 10,601 15,618
Other regulatory assets 651,336 729,115
Unrealized gain on derivative instruments 8,063 8,233
Other 152,630 138,857
Total other long-term and regulatory assets 908,797 1,005,789
Total assets 9,378,859 9,310,784
Common shareholder's equity:    
Common stock 859 859
Additional paid-in capital 3,246,205 2,959,205
Earnings reinvested in the business 162,721 172,490
Accumulated other comprehensive income (loss), net of tax (138,586) (157,647)
Total common shareholder's equity 3,271,199 2,974,907
Long-term debt    
First mortgage bonds and senior notes 3,092,000 2,792,000
Pollution control bonds 161,860 161,860
Junior subordinated notes 250,000 250,000
Debt discount (15) 0
Total long-term debt 3,503,845 3,203,860
Total capitalization 6,775,044 6,178,767
Current liabilities    
Accounts payable 231,758 291,765
Short-term debt 0 247,000
Short-term note owed to Puget Energy 29,998 22,598
Current maturities of long-term debt 0 260,000
Accrued Expenses [Abstract]    
Purchased gas adjustment liability 12,724 0
Taxes 74,779 81,505
Salaries and wages 30,577 34,453
Interest 55,900 54,723
Unrealized loss on derivative instruments 204,827 243,053
Other 58,630 49,661
Total current liabilities 699,193 1,284,758
Long-term and regulatory liabilities    
Deferred income taxes 1,092,924 1,034,517
Unrealized loss on derivative instruments 104,472 155,179
Regulatory liabilities 307,704 296,884
Other deferred credits 399,522 360,679
Total long-term and regulatory liabilities 1,904,622 1,847,259
Commitments and contingencies    
Total capitalization and liabilities $ 9,378,859 $ 9,310,784