Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2012

Debt Instrument [Line Items]

Schedule of Long-Term Debt Instruments

Puget Energy		At December 31,
(Dollars in Thousands)	Due	2012			2011
PSE long-term debt	Various	$	3,776,258		$	3,773,845
Fair value adjustment of PSE long-term debt		(264,017		)	(276,322		)
Term-loan	2014	—			298,000
Capital expenditures facility	2014	—			545,000
Senior secured credit facility	2017	434,000			—
6.500% senior secured note	2020	450,000			450,000
6.000% senior secured note	2021	500,000			500,000
5.625% senior secured note	2022	450,000			—
Original discount on Puget Energy term-loan and capital expenditures facility	N/A	—			(13,144		)
Unamortized discount on senior secured note	N/A	(41		)	(12		)
Total Puget Energy long-term debt		$	5,346,200		$	5,277,367

Schedule of Maturities of Long-Term Debt

The principal amounts of long-term debt maturities for the next five years and thereafter are as follows:

(Dollars in Thousands)	2013		2014		2015		2016		2017		Thereafter		Total
Maturities of:
PSE long-term debt	$	13,000	$	—	$	162,000	$	250,000	$	2,412	$	3,348,860	$	3,776,272
Puget Energy long-term debt	—		—		—		—		434,000		1,400,000		1,834,000
Puget Energy long-term debt	$	13,000	$	—	$	162,000	$	250,000	$	436,412	$	4,748,860	$	5,610,272

PUGET SOUND ENERGY, INC.

Debt Instrument [Line Items]

Schedule of Long-Term Debt Instruments

Puget Sound Energy (Dollars in Thousands)
First Mortgage Bonds, Pollution Control Bonds , Senior Notes and Junior Subordinated Notes
				At December 31,								At December 31,
Series			Due	2012		2011		Series			Due	2012			2011
6.830	%		2013	$	3,000	$	3,000	5.000	%	1	2031	$	138,460		$	138,460
6.900	%		2013	10,000		10,000		5.100	%	1	2031	23,400			23,400
5.197	%		2015	150,000		150,000		5.483	%		2035	250,000			250,000
7.350	%		2015	10,000		10,000		6.724	%		2036	250,000			250,000
7.360	%		2015	2,000		2,000		6.274	%		2037	300,000			300,000
6.750	%		2016	250,000		250,000		5.757	%		2039	350,000			350,000
5.500	%	2	2017	2,412		—		5.764	%		2040	250,000			250,000
6.740	%		2018	200,000		200,000		5.795	%		2040	325,000			325,000
7.150	%		2025	15,000		15,000		4.434	%		2041	250,000			250,000
7.200	%		2025	2,000		2,000		5.638	%		2041	300,000			300,000
7.020	%		2027	300,000		300,000		4.700	%		2051	45,000			45,000
7.000	%		2029	100,000		100,000		6.974	%	3	2067	250,000			250,000
Total PSE long-term debt												$	3,776,272		$	3,773,860
Unamortized discount on senior notes												(14		)	(15		)
Net PSE long-term debt												$	3,776,258		$	3,773,845

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¹  Pollution Control Bonds

²  Puget Western, Inc., a wholly owned subsidiary of PSE, Promissory Note

³  Junior Subordinated Notes