XML 39 R20.htm IDEA: XBRL DOCUMENT v3.23.1
Revenue (Tables)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]    
Disaggregation of 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.
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)20242025202620272028ThereafterTotal
Remaining performance obligations$15,359 $19,710 $19,454 $19,454 $19,454 $102,135 $195,566