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Revenue
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following tables present disaggregated revenue from contracts with customers, and other revenue by major source for the three months ended March 31, 2023 and March 31, 2022:

Puget Energy and
Puget Sound Energy
(Dollars in Thousands)
Three Months Ended March 31, 2023
Revenue from contracts with customers:
Electric
Natural Gas
Other1
Total
Retail
Residential
$470,855 $350,024 $— $820,879 
Commercial
291,489 152,237 — 443,726 
Industrial
33,847 11,091 — 44,938 
Other
5,501 — — 5,501 
Wholesale
142,260 — — 142,260 
Transmission and transportation
14,486 5,694 — 20,180 
Miscellaneous
3,991 (368)13,769 17,392 
Total revenue from contracts with customers
$962,429 $518,678 $13,769 $1,494,876 
Total other revenue2
47,731 (1,420)— 46,311 
Total operating revenue
$1,010,160 $517,258 $13,769 $1,541,187 
_____________
1 Other includes $4.5 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 March 31, 2022
Revenue from contracts with customers:ElectricNatural Gas
Other1
Total
Retail
Residential$416,260 $292,596 $— $708,856 
Commercial257,019 120,979 — 377,998 
Industrial30,073 8,085 — 38,158 
Other4,761 — — 4,761 
Wholesale13,147 — — 13,147 
Transmission and transportation11,222 5,446 — 16,668 
Miscellaneous1,150 309 10,712 12,171 
Total revenue from contracts with customers$733,632 $427,415 $10,712 $1,171,759 
Total other revenue2
22,745 (1,067)— 21,678 
Total operating revenue$756,377 $426,348 $10,712 $1,193,437 
_____________
1 Other includes $0.1 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.

Transaction Price Allocated to Remaining Performance Obligations
In December 2020, Puget LNG entered into a contract with one customer where Puget LNG is selling LNG over a 10-year delivery period beginning April 2024. The contract requires the customer to purchase a minimum annual quantity even if the customer does not take delivery. The price of the LNG includes a fixed charge, a fuel charge that includes both a market index and fixed margin component and other variable consideration. The fixed transaction price is allocated to the remaining performance obligations which is determined by the fixed charge components multiplied by the outstanding minimum annual quantity. 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)20242025202620272028ThereafterTotal
Remaining performance obligations$15,359 $19,710 $19,454 $19,454 $19,454 $102,135 $195,566 
The Company has elected the optional exemption in ASC 606, "Revenues from Contracts with Customers", under which the Company does not disclose the transaction price allocated to remaining performance obligations if the variable consideration is allocated entirely to a wholly unsatisfied performance obligation. The primary sources of variability are (a) fluctuations in market index prices of natural gas used to determine aspects of variable pricing and (b) variation in volumes that may be delivered to the customer. Both sources of variability are expected to be resolved at or shortly before delivery of each unit of LNG or natural gas. As each unit of LNG or natural gas represents a separate performance obligation, future volumes are wholly unsatisfied.