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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating revenue:      
Electric $ 2,128,230 $ 2,147,220 $ 2,107,469
Gas 1,086,095 1,168,850 1,011,531
Other 831 2,695 3,217
Total operating revenue 3,215,156 3,318,765 3,122,217
Energy costs:      
Purchased electricity 622,288 771,405 773,429
Electric generation fuel 204,956 199,471 268,147
Residential exchange (73,555) (71,147) (75,109)
Purchased gas 538,612 622,088 535,933
Unrealized (gain) loss on derivative instruments, net (133,606) 11,494 54,095
Utility operations and maintenance 512,765 497,921 486,701
Non-utility expense and other 814 9,442 23,952
Depreciation 337,952 299,597 292,634
Amortization 55,819 72,381 71,572
Conservation amortization 114,177 107,646 90,109
Taxes other than income taxes 319,399 323,527 292,520
Total operating expenses 2,499,621 2,843,825 2,813,983
Operating income 715,535 474,940 308,234
Other income (deductions):      
Other income 49,069 58,052 45,196
Other expense (11,770) (5,380) (5,673)
Non-hedged interest rate derivative expense (4,288) (28,601) (7,955)
Interest charges:      
AFUDC 22,216 29,949 14,157
Interest expense (392,216) (371,910) (321,167)
Income (loss) before income taxes 378,546 157,050 32,792
Income tax (benefit) expense 104,725 33,760 2,481
Net income (loss) 273,821 123,290 30,311
PUGET SOUND ENERGY, INC.
     
Operating revenue:      
Electric 2,128,230 2,147,220 2,107,469
Gas 1,086,095 1,168,850 1,011,531
Other 1,934 3,733 3,217
Total operating revenue 3,216,259 3,319,803 3,122,217
Energy costs:      
Purchased electricity 622,288 771,983 774,007
Electric generation fuel 204,956 199,471 268,147
Residential exchange (73,555) (71,147) (75,109)
Purchased gas 538,612 622,088 535,933
Unrealized (gain) loss on derivative instruments, net (119,120) 54,146 166,953
Utility operations and maintenance 512,765 497,921 486,701
Non-utility expense and other 9,977 11,147 11,159
Depreciation 337,952 299,597 292,634
Amortization 55,819 72,381 71,572
Conservation amortization 114,177 107,646 90,109
Taxes other than income taxes 319,399 323,527 292,520
Total operating expenses 2,523,270 2,888,760 2,914,626
Operating income 692,989 431,043 207,591
Other income (deductions):      
Other income 49,056 58,041 45,153
Other expense (11,770) (5,380) (5,673)
Interest charges:      
AFUDC 22,216 29,949 14,157
Interest expense (246,811) (231,212) (234,793)
Interest expense on parent note (202) (204) (218)
Income (loss) before income taxes 505,478 282,237 26,217
Income tax (benefit) expense 149,308 78,117 122
Net income (loss) $ 356,170 $ 204,120 $ 26,095