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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Utility plant:    
Electric plant $ 6,067,672 $ 5,253,786
Gas plant 2,238,741 2,129,200
Common plant 418,236 318,615
Less: Accumulated depreciation and amortization (674,782) (429,038)
Net utility plant 8,049,867 7,272,563
Other property and investments:    
Goodwill 1,656,513 1,656,513
Investment in exchange power contract 19,396 22,923
Other property and investments 123,352 125,918
Total other property and investments 1,799,261 1,805,354
Current assets:    
Cash and cash equivalents 37,235 36,557
Restricted cash 4,183 5,470
Accounts receivable, net of allowance for doubtful accounts 336,530 327,615
Unbilled revenue 191,150 194,088
Purchased gas adjustment receivable 0 5,992
Materials and supplies, at average cost 76,068 85,413
Fuel and gas inventory, at average cost 100,491 96,633
Unrealized gain on derivative instruments 6,647 7,500
Income taxes 11,553 76,183
Prepaid expense and other 13,969 14,835
Power contract acquisition adjustment gain 65,096 134,553
Deferred income taxes 101,934 83,086
Total current assets 944,856 1,067,925
Other long-term and regulatory assets:    
Regulatory asset for deferred income taxes 62,304 73,337
Power cost adjustment mechanism 6,818 15,618
Regulatory assets related to power contracts 46,202 116,116
Other regulatory assets 766,825 814,603
Unrealized gain on derivative instruments 10,084 8,233
Power contract acquisition adjustment gain 517,740 624,667
Other 180,753 130,920
Total other long-term and regulatory assets 1,590,726 1,783,494
Total assets 12,384,710 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 22,873 17,024
Accumulated other comprehensive income (loss), net of tax (30,907) (3,069)
Total common shareholder's equity 3,300,923 3,322,912
Long-term debt:    
First mortgage bonds and senior notes 3,362,000 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 (289,493) (311,147)
Total long-term debt 5,277,367 4,382,713
Total capitalization 8,578,290 7,705,625
Current liabilities:    
Accounts payable 339,361 291,148
Short-term debt 25,000 247,000
Current maturities of long-term debt 0 260,000
Purchased gas adjustment liability 25,940 0
Accrued expenses:    
Taxes 90,727 81,505
Salaries and wages 40,892 34,453
Interest 69,329 59,182
Unrealized loss on derivative instruments 327,089 273,100
Power contract acquisition adjustment loss 8,547 69,915
Other 74,409 114,409
Total current liabilities 1,001,294 1,430,712
Long-term and regulatory liabilities:    
Deferred income taxes 1,153,755 1,127,611
Unrealized loss on derivative instruments 196,558 183,135
Regulatory liabilities 346,225 305,936
Regulatory liabilities related to power contracts 582,836 759,220
Power contract acquisition adjustment loss 37,655 46,779
Other deferred credits 488,097 370,318
Total long-term and regulatory liabilities 2,805,126 2,792,999
Commitments and contingencies (Note 19)      
Total capitalization and liabilities 12,384,710 11,929,336
PUGET SOUND ENERGY, INC. [Member]
   
Utility plant:    
Electric plant 8,390,667 7,586,208
Gas plant 2,855,794 2,752,962
Common plant 518,318 427,227
Less: Accumulated depreciation and amortization (3,714,912) (3,509,277)
Net utility plant 8,049,867 7,257,120
Other property and investments:    
Investment in exchange power contract 19,396 22,923
Other property and investments 113,528 115,056
Total other property and investments 132,924 137,979
Current assets:    
Cash and cash equivalents 31,010 36,320
Restricted cash 4,183 5,470
Accounts receivable, net of allowance for doubtful accounts 336,483 327,341
Unbilled revenue 191,150 194,088
Purchased gas adjustment receivable 0 5,992
Materials and supplies, at average cost 76,068 84,222
Fuel and gas inventory, at average cost 97,074 92,222
Unrealized gain on derivative instruments 6,647 7,500
Income taxes 11,553 62,114
Prepaid expense and other 13,807 14,412
Deferred income taxes 112,204 80,215
Total current assets 880,179 909,896
Other long-term and regulatory assets:    
Regulatory asset for deferred income taxes 61,344 73,337
Power cost adjustment mechanism 6,818 15,618
Other regulatory assets 760,585 769,744
Unrealized gain on derivative instruments 10,084 8,233
Other 183,746 138,857
Total other long-term and regulatory assets 1,022,577 1,005,789
Total assets 10,085,547 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 163,735 172,490
Accumulated other comprehensive income (loss), net of tax (188,579) (157,647)
Total common shareholder's equity 3,222,220 2,974,907
Long-term debt:    
First mortgage bonds and senior notes 3,362,000 2,792,000
Pollution control bonds 161,860 161,860
Junior subordinated notes 250,000 250,000
Debt discount and other (15) 0
Total long-term debt 3,773,845 3,203,860
Total capitalization 6,996,065 6,178,767
Current liabilities:    
Accounts payable 339,568 291,765
Short-term debt 25,000 247,000
Short-term note owed to parent 29,998 22,598
Current maturities of long-term debt 0 260,000
Purchased gas adjustment liability 25,940 0
Accrued expenses:    
Taxes 90,727 81,505
Salaries and wages 40,892 34,453
Interest 55,843 54,723
Unrealized loss on derivative instruments 301,879 243,053
Other 68,346 49,661
Total current liabilities 978,193 1,284,758
Long-term and regulatory liabilities:    
Deferred income taxes 1,115,639 1,034,517
Unrealized loss on derivative instruments 169,359 155,179
Regulatory liabilities 340,907 296,884
Other deferred credits 485,384 360,679
Total long-term and regulatory liabilities 2,111,289 1,847,259
Commitments and contingencies (Note 19)      
Total capitalization and liabilities $ 10,085,547 $ 9,310,784