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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Utility plant (at original cost, including construction work in progress):    
Electric plant $ 6,336,530 $ 6,067,672
Gas plant 2,314,874 2,238,741
Common plant 439,872 418,236
Less: Accumulated depreciation and amortization (828,083) (674,782)
Net utility plant 8,263,193 8,049,867
Other property and investments:    
Goodwill 1,656,513 1,656,513
Investment in exchange power contract 17,633 19,396
Other property and investments 116,203 123,352
Total other property and investments 1,790,349 1,799,261
Current assets:    
Cash and cash equivalents 16,133 37,235
Restricted cash 3,544 4,183
Accounts receivable, net of allowance for doubtful accounts 233,225 336,530
Unbilled revenue 120,102 191,150
Materials and supplies, at average cost 89,790 76,068
Fuel and gas inventory, at average cost 69,154 100,491
Unrealized gain on derivative instruments 6,973 6,647
Income taxes 9,661 11,553
Prepaid expense and other 18,157 13,969
Power contract acquisition adjustment gain 47,012 65,096
Deferred income taxes 87,931 101,934
Total current assets 701,682 944,856
Other long-term and regulatory assets:    
Regulatory asset for deferred income taxes 67,830 62,304
Power cost adjustment mechanism 0 6,818
Regulatory assets related to power contracts 39,227 46,202
Other regulatory assets 866,036 766,825
Unrealized gain on derivative instruments 15,981 10,084
Power contract acquisition adjustment gain 490,354 517,740
Other 82,334 180,753
Total other long-term and regulatory assets 1,561,762 1,590,726
Total assets 12,316,986 12,384,710
Capitalization:    
Common stock 0 0
Additional paid-in capital 3,308,957 3,308,957
Earnings reinvested in the business 80,600 22,873
Accumulated other comprehensive income (loss), net of tax (21,593) (30,907)
Total common shareholder's equity 3,367,964 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 1,834,000 1,793,000
Debt discount and other (270,227) (289,493)
Total long-term debt 5,337,633 5,277,367
Total capitalization 8,705,597 8,578,290
Current liabilities:    
Accounts payable 214,847 339,361
Short-term debt 38,000 25,000
Purchased gas adjustment liability 49,611 25,940
Accrued expenses:    
Taxes 79,892 90,727
Salaries and wages 29,058 40,892
Interest 69,480 69,329
Unrealized loss on derivative instruments 277,246 327,089
Power contract acquisition adjustment loss 4,050 8,547
Other 69,381 74,409
Total current liabilities 831,565 1,001,294
Long-term and regulatory liabilities:    
Deferred income taxes 1,202,949 1,153,755
Unrealized loss on derivative instruments 113,209 196,558
Power cost adjustment mechanism 19,433 0
Regulatory liabilities 375,748 346,225
Regulatory liabilities related to power contracts 537,366 582,836
Power contract acquisition adjustment loss 35,177 37,655
Other deferred credits 495,942 488,097
Total long-term and regulatory liabilities 2,779,824 2,805,126
Commitments and contingencies      
Total capitalization and liabilities 12,316,986 12,384,710
PUGET SOUND ENERGY, INC. [Member]
   
Utility plant (at original cost, including construction work in progress):    
Electric plant 8,655,056 8,390,667
Gas plant 2,930,189 2,855,794
Common plant 526,925 518,318
Less: Accumulated depreciation and amortization (3,848,976) (3,714,912)
Net utility plant 8,263,194 8,049,867
Other property and investments:    
Investment in exchange power contract 17,633 19,396
Other property and investments 106,379 113,528
Total other property and investments 124,012 132,924
Current assets:    
Cash and cash equivalents 14,630 31,010
Restricted cash 3,544 4,183
Accounts receivable, net of allowance for doubtful accounts 233,338 336,483
Unbilled revenue 120,102 191,150
Materials and supplies, at average cost 89,790 76,068
Fuel and gas inventory, at average cost 65,936 97,074
Unrealized gain on derivative instruments 6,973 6,647
Income taxes 9,661 11,553
Prepaid expense and other 17,997 13,807
Deferred income taxes 100,916 112,204
Total current assets 662,887 880,179
Other long-term and regulatory assets:    
Regulatory asset for deferred income taxes 66,841 61,344
Power cost adjustment mechanism 0 6,818
Other regulatory assets 861,784 760,585
Unrealized gain on derivative instruments 15,981 10,084
Other 76,492 183,746
Total other long-term and regulatory assets 1,021,098 1,022,577
Total assets 10,071,191 10,085,547
Capitalization:    
Common stock 859 859
Additional paid-in capital 3,246,205 3,246,205
Earnings reinvested in the business 219,994 163,735
Accumulated other comprehensive income (loss), net of tax (179,986) (188,579)
Total common shareholder's equity 3,287,072 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 (14) (15)
Total long-term debt 3,773,846 3,773,845
Total capitalization 7,060,918 6,996,065
Current liabilities:    
Accounts payable 214,937 339,568
Short-term debt 38,000 25,000
Short-term note owed to parent 29,998 29,998
Purchased gas adjustment liability 49,611 25,940
Accrued expenses:    
Taxes 79,892 90,727
Salaries and wages 29,058 40,892
Interest 55,964 55,843
Unrealized loss on derivative instruments 271,023 301,879
Other 65,763 68,346
Total current liabilities 834,246 978,193
Long-term and regulatory liabilities:    
Deferred income taxes 1,192,086 1,115,639
Unrealized loss on derivative instruments 99,285 169,359
Power cost adjustment mechanism 19,433 0
Regulatory liabilities 371,096 340,907
Other deferred credits 494,127 485,384
Total long-term and regulatory liabilities 2,176,027 2,111,289
Commitments and contingencies      
Total capitalization and liabilities $ 10,071,191 $ 10,085,547