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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Utility plant:    
Electric plant $ 6,187,458 $ 6,067,672
Gas plant 2,274,653 2,238,741
Common plant 426,757 418,236
Less: Accumulated depreciation and amortization (745,821) (674,782)
Net utility plant 8,143,047 8,049,867
Other property and investments:    
Goodwill 1,656,513 1,656,513
Investment in exchange power contract 18,515 19,396
Other property and investments 122,979 123,352
Total other property and investments 1,798,007 1,799,261
Current assets:    
Cash and cash equivalents 70,464 37,235
Restricted cash 4,241 4,183
Accounts receivable, net of allowance for doubtful accounts 325,416 336,530
Unbilled revenue 169,825 191,150
Materials and supplies, at average cost 84,588 76,068
Fuel and gas inventory, at average cost 76,903 100,491
Unrealized gain on derivative instruments 5,424 6,647
Income taxes 9,719 11,553
Prepaid expense and other 16,809 13,969
Power contract acquisition adjustment gain 46,153 65,096
Deferred income taxes 107,083 101,934
Total current assets 916,625 944,856
Other long-term and regulatory assets:    
Regulatory asset for deferred income taxes 64,022 62,304
Power cost adjustment mechanism 1,073 6,818
Regulatory assets related to power contracts 41,129 46,202
Other regulatory assets 811,546 766,825
Unrealized gain on derivative instruments 9,049 10,084
Power contract acquisition adjustment gain 499,263 517,740
Other 185,501 180,753
Total other long-term and regulatory assets 1,611,583 1,590,726
Total assets 12,469,262 12,384,710
Capitalization:    
Common stock 0 0
Additional paid-in capital 3,308,953 3,308,957
Earnings reinvested in the business 111,358 22,873
Accumulated other comprehensive income (loss), net of tax (28,701) (30,907)
Total common shareholder's equity 3,391,610 3,300,923
Long-term debt:    
First mortgage bonds and senior notes 3,362,000 3,362,000
Pollution control bonds 161,860 161,860
Junior subordinated notes 250,000 250,000
Long-term debt 1,809,000 1,793,000
Debt discount and other (273,272) (289,493)
Total long-term debt 5,309,588 5,277,367
Total capitalization 8,701,198 8,578,290
Current liabilities:    
Accounts payable 241,700 339,361
Short-term debt 38,000 25,000
Purchased gas adjustment liability 56,150 25,940
Accrued expenses:    
Taxes 104,604 90,727
Salaries and wages 26,019 40,892
Interest 70,821 69,329
Unrealized loss on derivative instruments 357,804 327,089
Power contract acquisition adjustment loss 4,201 8,547
Other 74,244 74,409
Total current liabilities 973,543 1,001,294
Long-term and regulatory liabilities:    
Deferred income taxes 1,194,374 1,153,755
Unrealized loss on derivative instruments 162,546 196,558
Regulatory liabilities 363,362 346,225
Regulatory liabilities related to power contracts 545,416 582,836
Power contract acquisition adjustment loss 36,928 37,655
Other deferred credits 491,895 488,097
Total long-term and regulatory liabilities 2,794,521 2,805,126
Commitments and contingencies      
Total capitalization and liabilities 12,469,262 12,384,710
PUGET SOUND ENERGY, INC. [Member]
   
Utility plant:    
Electric plant 8,507,919 8,390,667
Gas plant 2,890,909 2,855,794
Common plant 521,497 518,318
Less: Accumulated depreciation and amortization (3,777,278) (3,714,912)
Net utility plant 8,143,047 8,049,867
Other property and investments:    
Investment in exchange power contract 18,515 19,396
Other property and investments 113,156 113,528
Total other property and investments 131,671 132,924
Current assets:    
Cash and cash equivalents 20,957 31,010
Restricted cash 4,241 4,183
Accounts receivable, net of allowance for doubtful accounts 325,437 336,483
Unbilled revenue 169,825 191,150
Materials and supplies, at average cost 84,588 76,068
Fuel and gas inventory, at average cost 73,696 97,074
Unrealized gain on derivative instruments 5,424 6,647
Income taxes 9,719 11,553
Prepaid expense and other 16,647 13,807
Deferred income taxes 114,517 112,204
Total current assets 825,051 880,179
Other long-term and regulatory assets:    
Regulatory asset for deferred income taxes 63,045 61,344
Power cost adjustment mechanism 1,073 6,818
Other regulatory assets 806,377 760,585
Unrealized gain on derivative instruments 9,049 10,084
Other 183,758 183,746
Total other long-term and regulatory assets 1,063,302 1,022,577
Total assets 10,163,071 10,085,547
Capitalization:    
Common stock 859 859
Additional paid-in capital 3,246,205 3,246,205
Earnings reinvested in the business 204,984 163,735
Accumulated other comprehensive income (loss), net of tax (184,161) (188,579)
Total common shareholder's equity 3,267,887 3,222,220
Long-term debt:    
First mortgage bonds and senior notes 3,362,000 3,362,000
Pollution control bonds 161,860 161,860
Junior subordinated notes 250,000 250,000
Debt discount and other (15) (15)
Total long-term debt 3,773,845 3,773,845
Total capitalization 7,041,732 6,996,065
Current liabilities:    
Accounts payable 241,713 339,568
Short-term debt 38,000 25,000
Short-term note owed to parent 29,998 29,998
Purchased gas adjustment liability 56,150 25,940
Accrued expenses:    
Taxes 104,604 90,727
Salaries and wages 26,019 40,892
Interest 56,963 55,843
Unrealized loss on derivative instruments 336,909 301,879
Other 70,549 68,346
Total current liabilities 960,905 978,193
Long-term and regulatory liabilities:    
Deferred income taxes 1,168,462 1,115,639
Unrealized loss on derivative instruments 144,752 169,359
Regulatory liabilities 358,488 340,907
Other deferred credits 488,732 485,384
Total long-term and regulatory liabilities 2,160,434 2,111,289
Commitments and contingencies      
Total capitalization and liabilities $ 10,163,071 $ 10,085,547