Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2014

Accumulated Other Comprehensive Income (Loss) [Line Items]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following tables present the changes in the Company’s accumulated other comprehensive income (loss) (AOCI) by component for the three and six months ended June 30, 2014:

Puget Energy	Net unrealized gain (loss) and prior service cost on pension plans			Net unrealized gain (loss) on energy derivative instruments			Net unrealized gain (loss) on interest rate swaps
Changes in AOCI, net of tax
(Dollars in Thousands)									Total
Balance at March 31, 2014	$	48,305		$	(358	)	$	—	$	47,947
Other comprehensive income (loss) before reclassifications	(615		)	—			—		(615		)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(168		)	—			—		(168		)
Net current-period other comprehensive income (loss)	(783		)	—			—		(783		)
Balance at June 30, 2014	$	47,522		$	(358	)	$	—	$	47,164

Puget Energy	Net unrealized gain (loss) and prior service cost on pension plans			Net unrealized gain (loss) on energy derivative instruments			Net unrealized gain (loss) on interest rate swaps
Changes in AOCI, net of tax
(Dollars in Thousands)										Total
Balance at December 31, 2013	$	48,514		$	(705	)	$	(94	)	$	47,715
Other comprehensive income (loss) before reclassifications	(615		)	—			—			(615		)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(377		)	347			94			64
Net current-period other comprehensive income (loss)	(992		)	347			94			(551		)
Balance at June 30, 2014	$	47,522		$	(358	)	$	—		$	47,164

Parent Company [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Reclassification out of Accumulated Other Comprehensive Income

Details about these reclassifications out of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2014 and three and six months ended June 30, 2013, respectively, are as follows:

Puget Energy		Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in Thousands)		2014			2013			2014			2013
Details about accumulated other comprehensive income (loss) components	Affected line item in the statement where net income (loss) is presented	Amount reclassified from accumulated other comprehensive income (loss)
Net unrealized gain (loss) and prior service cost on pension plans:
Amortization of prior service cost	(a)	$	484		$	499		$	1,165		$	999
Amortization of net gain (loss)	(a)	(98		)	(1,177		)	(456		)	(2,209		)
	Total before tax	386			(678		)	709			(1,210		)
	Tax (expense) or benefit	(135		)	237			(248		)	422
	Net of Tax	$	251		$	(441	)	$	461		$	(788	)
Net unrealized gain (loss) on energy derivative instruments:
Commodity contracts: electric derivatives	Purchased electricity	—			—			(534		)	164
	Tax (expense) or benefit	—			—			187			(57		)
	Net of Tax	$	—		$	—		$	(347	)	$	107
Net unrealized gain (loss) on interest rate swaps:
Interest rate contracts	Interest expense	—			(1,325		)	(144		)	(2,639		)
	Tax (expense) or benefit	—			464			50			924
	Net of Tax	$	—		$	(861	)	$	(94	)	$	(1,715	)
Total reclassification for the period	Net of Tax	$	251		$	(1,302	)	$	20		$	(2,396	)

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^(a)  These accumulated OCI components are included in the computation of net periodic pension cost (see Note 5 for additional details).

Subsidiaries [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Schedule of Accumulated Other Comprehensive Income (Loss)

Puget Sound Energy	Net unrealized gain (loss) and prior service cost on pension plans			Net unrealized gain (loss) on energy derivative instruments			Net unrealized gain (loss) on treasury interest rate swaps
Changes in AOCI, net of tax
(Dollars in Thousands)										Total
Balance at March 31, 2014	$	(85,404	)	$	(1,309	)	$	(6,228	)	$	(92,941	)
Other comprehensive income (loss) before reclassifications	(615		)	—			—			(615		)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	2,039			—			79			2,118
Net current-period other comprehensive income (loss)	1,424			—			79			1,503
Balance at June 30, 2014	$	(83,980	)	$	(1,309	)	$	(6,149	)	$	(91,438	)

Puget Sound Energy	Net unrealized gain (loss) and prior service cost on pension plans			Net unrealized gain (loss) on energy derivative instruments			Net unrealized gain (loss) on treasury interest rate swaps
Changes in AOCI, net of tax
(Dollars in Thousands)										Total
Balance at December 31, 2013	$	(87,405	)	$	(2,027	)	$	(6,307	)	$	(95,739	)
Other comprehensive income (loss) before reclassifications	(615		)	—			—			(615		)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	4,040			718			158			4,916
Net current-period other comprehensive income (loss)	3,425			718			158			4,301
Balance at June 30, 2014	$	(83,980	)	$	(1,309	)	$	(6,149	)	$	(91,438	)

Reclassification out of Accumulated Other Comprehensive Income

Puget Sound Energy		Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in Thousands)		2014			2013			2014			2013
Details about accumulated other comprehensive income (loss) components	Affected line item in the statement where net income (loss) is presented	Amount reclassified from accumulated other comprehensive income (loss)
Net unrealized gain (loss) and prior service cost on pension plans:
Amortization of prior service cost	(a)	$	381		$	389		$	762		$	781
Amortization of net gain (loss)	(a)	(3,516		)	(5,661		)	(6,975		)	(11,260		)
	Total before tax	(3,135		)	(5,272		)	(6,213		)	(10,479		)
	Tax (expense) or benefit	1,097			1,845			2,175			3,666
	Net of Tax	$	(2,038	)	$	(3,427	)	$	(4,038	)	$	(6,813	)
Net unrealized gain (loss) on energy derivative instruments:
Commodity contracts: electric derivatives	Purchased electricity	—			—			(1,104		)	(2,786		)
	Tax (expense) or benefit	—			—			386			975
	Net of Tax	$	—		$	—		$	(718	)	$	(1,811	)
Net unrealized gain (loss) on treasury interest rate swaps:
Interest rate contracts	Interest expense	(122		)	(122		)	(244		)	(244		)
	Tax (expense) or benefit	43			43			86			86
	Net of Tax	$	(79	)	$	(79	)	$	(158	)	$	(158	)
Total reclassification for the period	Net of Tax	$	(2,117	)	$	(3,506	)	$	(4,914	)	$	(8,782	)

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^(a)  These accumulated OCI components are included in the computation of net periodic pension cost (see Note 5 for additional details).