XML 33 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, unless otherwise specified
12 Months Ended 11 Months Ended 1 Months Ended 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Successor [Member]
Feb. 05, 2009
Predecessor [Member]
Dec. 31, 2011
PUGET SOUND ENERGY, INC. [Member]
Dec. 31, 2010
PUGET SOUND ENERGY, INC. [Member]
Dec. 31, 2009
PUGET SOUND ENERGY, INC. [Member]
Operating revenue:              
Electric $ 2,147,220 $ 2,107,469 $ 1,885,118 $ 213,618 $ 2,147,220 $ 2,107,469 $ 2,098,736
Gas 1,168,850 1,011,531 1,034,744 190,001 1,168,850 1,011,531 1,224,745
Other 2,695 3,217 5,286 94 3,733 3,217 5,020
Total operating revenue 3,318,765 3,122,217 2,925,148 403,713 3,319,803 3,122,217 3,328,501
Energy costs:              
Purchased electricity 771,405 773,429 796,040 90,737 771,983 774,007 887,306
Electric generation fuel 199,471 268,147 196,483 11,961 199,471 268,147 208,444
Residential exchange (71,147) (75,109) (83,962) (12,542) (71,147) (75,109) (96,504)
Purchased gas 622,088 535,933 597,935 120,925 622,088 535,933 718,860
Unrealized (gain) loss on derivative instruments, net 11,494 54,095 (156,601) 3,867 54,146 166,953 (1,254)
Utility operations and maintenance 497,921 486,701 449,745 37,650 497,921 486,701 487,396
Non-utility expense and other 9,442 23,952 16,672 112 11,147 11,159 14,532
Merger and related costs 0 0 2,731 44,324 0 0 23,908
Depreciation 299,597 292,634 242,477 21,773 299,597 292,634 269,386
Amortization 72,381 71,572 63,466 4,969 72,381 71,572 63,466
Conservation amortization 107,646 90,109 58,875 7,592 107,646 90,109 66,466
Taxes other than income taxes 323,527 292,520 266,424 36,935 323,527 292,520 303,360
Total operating expenses 2,843,825 2,813,983 2,450,285 368,303 2,888,760 2,914,626 2,945,366
Operating income 474,940 308,234 474,863 35,410 431,043 207,591 383,135
Other income (deductions):              
Other income 58,052 45,196 49,158 3,653 58,041 45,153 52,812
Other expense (5,380) (5,673) (6,154) (369) (5,380) (5,673) (6,524)
Non-hedged interest rate derivative expense (28,601) (7,955) 0 0      
Charitable contributions 0 0 (5,000) 0      
Interest charges:              
AFUDC 29,949 14,157 8,864 350 29,949 14,157 9,215
Interest expense (371,910) (321,167) (265,675) (17,291) (231,212) (234,793) (211,478)
Interest expense on parent note         (204) (218) (264)
Income (loss) before income taxes 157,050 32,792 256,056 21,753 282,237 26,217 226,896
Income tax (benefit) expense 33,760 2,481 82,041 8,997 78,117 122 67,644
Net income (loss) $ 123,290 $ 30,311 $ 174,015 $ 12,756 $ 204,120 $ 26,095 $ 159,252