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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating revenue:        
Electric $ 470,511 $ 487,721 $ 1,082,038 $ 1,087,454
Gas 207,823 245,014 643,789 663,638
Other 283 (60) 1,302 1,176
Total operating revenue 678,617 732,675 1,727,129 1,752,268
Energy costs:        
Purchased electricity 156,098 180,022 355,213 407,918
Electric generation fuel 19,861 25,886 89,798 71,109
Residential exchange (15,302) (15,293) (38,637) (36,975)
Purchased gas 96,462 127,174 329,981 363,928
Unrealized (gain) loss on derivative instruments, net (64,076) (16,995) (59,350) (50,113)
Utility operations and maintenance 128,195 123,852 256,241 241,820
Non-utility expense and other (74) 2,022 787 4,941
Depreciation 84,552 73,579 163,558 148,361
Amortization 11,547 18,450 24,890 36,423
Conservation amortization 28,518 23,871 62,921 56,084
Taxes other than income taxes 72,960 75,414 172,830 175,935
Total operating expenses 518,741 617,982 1,358,232 1,419,431
Operating income 159,876 114,693 368,897 332,837
Other income (deductions):        
Other income 18,337 15,679 33,273 28,218
Other expense (1,947) (1,278) (5,700) (2,233)
Non-hedged interest rate derivative expense (7,297) (25,412) (6,770) (25,460)
Interest charges:        
AFUDC 4,687 7,597 11,982 12,001
Interest expense (95,964) (108,961) (203,165) (190,009)
Income (loss) before income taxes 77,692 2,318 198,517 155,354
Income tax (benefit) expense 20,000 (2,717) 52,346 42,888
Net income (loss) 57,692 5,035 146,171 112,466
PUGET SOUND ENERGY, INC. [Member]
       
Operating revenue:        
Electric 470,511 487,721 1,082,038 1,087,454
Gas 207,823 245,014 643,789 663,638
Other 283 629 1,302 1,865
Total operating revenue 678,617 733,364 1,727,129 1,752,957
Energy costs:        
Purchased electricity 156,098 180,166 355,213 408,207
Electric generation fuel 19,861 25,886 89,798 71,109
Residential exchange (15,302) (15,293) (38,637) (36,975)
Purchased gas 96,462 127,174 329,981 363,928
Unrealized (gain) loss on derivative instruments, net (59,850) (9,648) (49,715) (15,632)
Utility operations and maintenance 128,195 123,852 256,241 241,820
Non-utility expense and other 2,270 2,533 5,500 5,880
Depreciation 84,552 73,579 163,558 148,361
Amortization 11,547 18,450 24,890 36,423
Conservation amortization 28,518 23,871 62,921 56,084
Taxes other than income taxes 72,960 75,414 172,830 175,935
Total operating expenses 525,311 625,984 1,372,580 1,455,140
Operating income 153,306 107,380 354,549 297,817
Other income (deductions):        
Other income 18,329 15,677 33,262 28,211
Other expense (1,947) (1,278) (5,700) (2,233)
Interest charges:        
AFUDC 4,687 7,597 11,982 12,001
Interest expense (62,333) (57,812) (123,071) (114,417)
Interest expense on parent note (83) (30) (133) (95)
Income (loss) before income taxes 111,959 71,534 270,889 221,284
Income tax (benefit) expense 31,087 20,621 77,301 66,932
Net income (loss) $ 80,872 $ 50,913 $ 193,588 $ 154,352