Revenue (Tables)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

The following tables present disaggregated revenue from contracts with customers, and other revenue by major source for the three months ended September 30, 2022 and September 30, 2021:


Puget Energy and Puget Sound Energy
(Dollars in Thousands)	Three Months Ended September 30, 2022
Revenue from contracts with customers:	Electric		Natural Gas		Other1		Total
Retail
Residential	$	276,358	$	72,423	$	—	$	348,781
Commercial	232,777		40,577		—		273,354
Industrial	29,162		3,384		—		32,546
Other	4,481		—		—		4,481
Wholesale	130,998		—		—		130,998
Transmission and transportation	11,884		4,664		—		16,548
Miscellaneous	2,795		408		11,086		14,289
Total revenue from contracts with customers	$	688,455	$	121,456	$	11,086	$	820,997
Total other revenue2	25,667		7,209		—		32,876
Total operating revenue	$	714,122	$	128,665	$	11,086	$	853,873

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1 Other includes $0.5 million of Puget LNG revenues recorded at Puget Energy.

2 Total other revenue includes revenues from derivatives and alternative revenue programs that are not considered revenues from contracts with customers.


Puget Energy and Puget Sound Energy
(Dollars in Thousands)	Three Months Ended September 30, 2021
Revenue from contracts with customers:	Electric		Natural Gas		Other		Total
Retail
Residential	$	259,794	$	73,759	$	—	$	333,553
Commercial	217,355		38,763		—		256,118
Industrial	26,779		2,902		—		29,681
Other	4,548		36		—		4,584
Wholesale	72,777		—		—		72,777
Transmission and transportation	13,802		4,730		—		18,532
Miscellaneous	12,234		3,543		34,042		49,819
Total revenue from contracts with customers	$	607,289	$	123,733	$	34,042	$	765,064
Total other revenue1	6,097		(925)		—		5,172
Total operating revenue	$	613,386	$	122,808	$	34,042	$	770,236

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1 Total other revenue includes revenues from derivatives, PTC deferral revenue and alternative revenue programs that are not considered revenues from contracts with customers.

The following tables present disaggregated revenue from contracts with customers and other revenue by major source for the nine months ended September 30, 2022 and September 30, 2021:


Puget Energy and Puget Sound Energy
(Dollars in Thousands)	Nine Months Ended September 30, 2022
Revenue from contracts with customers:	Electric		Natural Gas		Other1		Total
Retail
Residential	$	989,873	$	524,219	$	—	$	1,514,092
Commercial	716,366		233,831		—		950,197
Industrial	86,946		16,590		—		103,536
Other	13,738		—		—		13,738
Wholesale	168,206		—		—		168,206
Transmission and transportation	33,739		15,198		—		48,937
Miscellaneous	7,964		770		33,789		42,523
Total revenue from contracts with customers	$	2,016,832	$	790,608	$	33,789	$	2,841,229
Total other revenue2	47,998		459		—		48,457
Total operating revenue	$	2,064,830	$	791,067	$	33,789	$	2,889,686

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1 Other includes $0.6 million of Puget LNG revenues recorded at Puget Energy.

2 Total other revenue includes revenues from derivatives and alternative revenue programs that are not considered revenues from contracts with customers.


Puget Energy and Puget Sound Energy
(Dollars in Thousands)	Nine Months Ended September 30, 2021
Revenue from contracts with customers:	Electric		Natural Gas		Other		Total
Retail
Residential	$	931,676	$	471,573	$	—	$	1,403,249
Commercial	653,800		195,047		—		848,847
Industrial	80,155		14,672		—		94,827
Other	14,655		392		—		15,047
Wholesale	123,642		—		—		123,642
Transmission and transportation	32,478		14,760		—		47,238
Miscellaneous	44,718		10,239		53,074		108,031
Total revenue from contracts with customers	$	1,881,124	$	706,683	$	53,074	$	2,640,881
Total other revenue1	54,676		4,155		—		58,831
Total operating revenue	$	1,935,800	$	710,838	$	53,074	$	2,699,712

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1 Total other revenue includes revenues from derivatives and alternative revenue programs that are not considered revenues from contracts with customers.

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

Based on management’s best estimate of commencement, the Company expects to recognize this revenue over the following time periods:


Puget Energy
(Dollars in Thousands)	2024		2025		2026		2027		2028		Thereafter		Total
Remaining Performance Obligations	$	15,359	$	19,710	$	19,454	$	19,454	$	19,454	$	102,135	$	195,566