Other	6 Months Ended
Jun. 30, 2014
Other [Abstract]
Other	Other Jefferson County Public Utility District (JPUD) PSE completed the sale of its electric infrastructure assets located in Jefferson County and the transition of electrical services in the county to JPUD on March 31, 2013. The proceeds from the sale exceeded the transferred assets' net carrying value of $46.7 million resulting in a pre-tax gain of approximately $60.0 million. In its 2010 order on the subject, the Washington Commission stated that PSE must maintain such separate accounts and accounting entries as are necessary to preserve fully the Washington Commission’s opportunity to consider in an appropriate proceeding the disposition of proceeds of sale and rate treatment of this transaction. As a result, the gain was deferred and recorded as a regulatory liability until the Washington Commission determines the accounting and ratemaking treatment. On October 31, 2013, PSE filed an accounting petition for a Washington Commission order authorizing PSE to retain $45.0 million of the gain and to return $15.0 million to its remaining customers over a period of forty-eight months. On March 28, 2014, intervenors filed response testimonies containing their respective proposals for allocation of the gain, which included a proposal of up to $57.0 million to customers and $3.0 million to PSE. PSE filed rebuttal testimony and intervenors filed cross-answering testimony on April 22, 2014. The Washington Commission held evidentiary hearings in this matter on May 21, 2014. Initial legal briefs were filed on June 10, 2014 and reply briefs were filed on June 17, 2014. A final order is anticipated in the third quarter of this year. For federal income tax purposes, the Company will elect to treat the transaction as an involuntary conversion under the Internal Revenue Code which allows for deferral of the tax gain if PSE acquires qualified replacement property by December 31, 2015. Based on PSE's current construction program projection, it anticipates meeting this requirement through such purchases by that date. Credit Facilities In April 2014, subsequent to the close of the first quarter, the Company completed a one-year extension on the liquidity and hedging facilities of PSE, extending the maturity from February 2018 to April 2019 and updating or clarifying the definitions of other terms and conditions of the facilities from when they were committed in 2013. At this same time, the Company completed an amendment to the senior secured credit facility of Puget Energy, extending the maturity from February 2017 to April 2018, updating the fee structure, eliminating a financial covenant and updating or clarifying the definitions of other terms and conditions of the facility. Term Loans In June 2014, Puget Energy entered into three bilateral term loans, with two and three year maturities, which in total, equal $299.0 million . The proceeds of these term loans were used to pay off the outstanding Puget Energy credit facility balance, which subsequently allows the Company to carry the debt with lower interest expense. The terms, conditions and covenants are consistent with each other and the credit facility agreements, with the exception of maturity and price. Treasury Grants PSE received two treasury grants in the amount of $107.8 million, related to Baker and Snoqualmie hydro facilities. These grants have been accounted as a reduction to utility plant and will be amortized over the life of the plant based on Washington Commission authorization. The previous treatment of grants by the Washington Commission is to amortize the grants over 10 years instead of the plant life. The grants are also recorded as a regulatory liability due to the 10 year amortization and treatment.

Other

Jefferson County Public Utility District (JPUD)

PSE completed the sale of its electric infrastructure assets located in Jefferson County and the transition of electrical services in the county to JPUD on March 31, 2013. The proceeds from the sale exceeded the transferred assets' net carrying value of $46.7 million resulting in a pre-tax gain of approximately $60.0 million. In its 2010 order on the subject, the Washington Commission stated that PSE must maintain such separate accounts and accounting entries as are necessary to preserve fully the Washington Commission’s opportunity to consider in an appropriate proceeding the disposition of proceeds of sale and rate treatment of this transaction. As a result, the gain was deferred and recorded as a regulatory liability until the Washington Commission determines the accounting and ratemaking treatment. On October 31, 2013, PSE filed an accounting petition for a Washington Commission order authorizing PSE to retain $45.0 million of the gain and to return $15.0 million to its remaining customers over a period of forty-eight months. On March 28, 2014, intervenors filed response testimonies containing their respective proposals for allocation of the gain, which included a proposal of up to $57.0 million to customers and $3.0 million to PSE. PSE filed rebuttal testimony and intervenors filed cross-answering testimony on April 22, 2014. The Washington Commission held evidentiary hearings in this matter on May 21, 2014. Initial legal briefs were filed on June 10, 2014 and reply briefs were filed on June 17, 2014. A final order is anticipated in the third quarter of this year.

For federal income tax purposes, the Company will elect to treat the transaction as an involuntary conversion under the Internal Revenue Code which allows for deferral of the tax gain if PSE acquires qualified replacement property by December 31, 2015. Based on PSE's current construction program projection, it anticipates meeting this requirement through such purchases by that date.

Credit Facilities

In April 2014, subsequent to the close of the first quarter, the Company completed a one-year extension on the liquidity and hedging facilities of PSE, extending the maturity from February 2018 to April 2019 and updating or clarifying the definitions of other terms and conditions of the facilities from when they were committed in 2013. At this same time, the Company completed an amendment to the senior secured credit facility of Puget Energy, extending the maturity from February 2017 to April 2018, updating the fee structure, eliminating a financial covenant and updating or clarifying the definitions of other terms and conditions of the facility.

Term Loans

In June 2014, Puget Energy entered into three bilateral term loans, with two and three year maturities, which in total, equal $299.0 million . The proceeds of these term loans were used to pay off the outstanding Puget Energy credit facility balance, which subsequently allows the Company to carry the debt with lower interest expense. The terms, conditions and covenants are consistent with each other and the credit facility agreements, with the exception of maturity and price.

Treasury Grants

PSE received two treasury grants in the amount of $107.8 million, related to Baker and Snoqualmie hydro facilities. These grants have been accounted as a reduction to utility plant and will be amortized over the life of the plant based on Washington Commission authorization. The previous treatment of grants by the Washington Commission is to amortize the grants over 10 years instead of the plant life. The grants are also recorded as a regulatory liability due to the 10 year amortization and treatment.