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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating revenue:      
Electric $ 2,083,797us-gaap_ElectricDomesticRegulatedRevenue $ 2,156,920us-gaap_ElectricDomesticRegulatedRevenue $ 2,128,230us-gaap_ElectricDomesticRegulatedRevenue
Gas 1,012,859us-gaap_GasDomesticRegulatedRevenue 1,028,357us-gaap_GasDomesticRegulatedRevenue 1,086,095us-gaap_GasDomesticRegulatedRevenue
Other 16,515us-gaap_RegulatedOperatingRevenueOther 2,020us-gaap_RegulatedOperatingRevenueOther 831us-gaap_RegulatedOperatingRevenueOther
Total operating revenue 3,113,171us-gaap_Revenues 3,187,297us-gaap_Revenues 3,215,156us-gaap_Revenues
Energy costs:      
Purchased electricity 514,087us-gaap_CostOfPurchasedPower 541,905us-gaap_CostOfPurchasedPower 622,288us-gaap_CostOfPurchasedPower
Electric generation fuel 263,493us-gaap_UtilitiesOperatingExpenseFuelUsed 261,332us-gaap_UtilitiesOperatingExpenseFuelUsed 204,956us-gaap_UtilitiesOperatingExpenseFuelUsed
Residential exchange (129,036)psd_ResidentialExchangeCosts (81,053)psd_ResidentialExchangeCosts (73,555)psd_ResidentialExchangeCosts
Purchased gas 458,691us-gaap_UtilitiesOperatingExpenseGasAndPetroleumPurchased 488,201us-gaap_UtilitiesOperatingExpenseGasAndPetroleumPurchased 538,612us-gaap_UtilitiesOperatingExpenseGasAndPetroleumPurchased
Unrealized (gain) loss on derivative instruments, net 84,146us-gaap_GainLossOnDerivativeInstrumentsNetPretax (102,744)us-gaap_GainLossOnDerivativeInstrumentsNetPretax (133,606)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Utility operations and maintenance 550,146us-gaap_UtilitiesOperatingExpenseMaintenanceAndOperations 529,939us-gaap_UtilitiesOperatingExpenseMaintenanceAndOperations 512,765us-gaap_UtilitiesOperatingExpenseMaintenanceAndOperations
Non-utility expense and other 13,109psd_NonutilityExpenseAndOther (3,555)psd_NonutilityExpenseAndOther 814psd_NonutilityExpenseAndOther
Depreciation 370,962us-gaap_Depreciation 364,324us-gaap_Depreciation 337,952us-gaap_Depreciation
Amortization (5,356)us-gaap_AdjustmentForAmortization 24,631us-gaap_AdjustmentForAmortization 55,819us-gaap_AdjustmentForAmortization
Conservation Amortization 104,096psd_ConservationAmortization 105,897psd_ConservationAmortization 114,177psd_ConservationAmortization
Taxes other than income taxes 310,982us-gaap_TaxesExcludingIncomeAndExciseTaxes 303,260us-gaap_TaxesExcludingIncomeAndExciseTaxes 319,399us-gaap_TaxesExcludingIncomeAndExciseTaxes
Total operating expenses 2,535,320us-gaap_OperatingExpenses 2,432,137us-gaap_OperatingExpenses 2,499,621us-gaap_OperatingExpenses
Operating income (loss) 577,851us-gaap_OperatingIncomeLoss 755,160us-gaap_OperatingIncomeLoss 715,535us-gaap_OperatingIncomeLoss
Other income (deductions):      
Other income 24,038us-gaap_OtherNonoperatingIncome 38,693us-gaap_OtherNonoperatingIncome 49,069us-gaap_OtherNonoperatingIncome
Other expense (7,457)us-gaap_OtherNonoperatingExpense (7,134)us-gaap_OtherNonoperatingExpense (11,770)us-gaap_OtherNonoperatingExpense
Non-hedged interest rate swap expense (3,915)psd_NonHedgedInterestRateDerivativeExpense 2,420psd_NonHedgedInterestRateDerivativeExpense (4,288)psd_NonHedgedInterestRateDerivativeExpense
Interest charges:      
AFUDC 5,611us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions 11,261us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions 22,216us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
Interest expense (367,308)us-gaap_InterestExpenseDebt (392,264)us-gaap_InterestExpenseDebt (392,216)us-gaap_InterestExpenseDebt
Income (loss) before income taxes 228,820us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 408,136us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 378,546us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax (benefit) expense 56,985us-gaap_IncomeTaxExpenseBenefit 122,408us-gaap_IncomeTaxExpenseBenefit 104,725us-gaap_IncomeTaxExpenseBenefit
Net income (loss) 171,835us-gaap_NetIncomeLoss 285,728us-gaap_NetIncomeLoss 273,821us-gaap_NetIncomeLoss
PUGET SOUND ENERGY, INC.      
Operating revenue:      
Electric 2,083,797us-gaap_ElectricDomesticRegulatedRevenue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
2,156,920us-gaap_ElectricDomesticRegulatedRevenue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
2,128,230us-gaap_ElectricDomesticRegulatedRevenue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Gas 1,012,859us-gaap_GasDomesticRegulatedRevenue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
1,028,357us-gaap_GasDomesticRegulatedRevenue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
1,086,095us-gaap_GasDomesticRegulatedRevenue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Other 19,467us-gaap_RegulatedOperatingRevenueOther
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
2,058us-gaap_RegulatedOperatingRevenueOther
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
1,934us-gaap_RegulatedOperatingRevenueOther
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Total operating revenue 3,116,123us-gaap_Revenues
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
3,187,335us-gaap_Revenues
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
3,216,259us-gaap_Revenues
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Energy costs:      
Purchased electricity 514,087us-gaap_CostOfPurchasedPower
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
541,905us-gaap_CostOfPurchasedPower
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
622,288us-gaap_CostOfPurchasedPower
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Electric generation fuel 263,493us-gaap_UtilitiesOperatingExpenseFuelUsed
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
261,332us-gaap_UtilitiesOperatingExpenseFuelUsed
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
204,956us-gaap_UtilitiesOperatingExpenseFuelUsed
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Residential exchange (129,036)psd_ResidentialExchangeCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(81,053)psd_ResidentialExchangeCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(73,555)psd_ResidentialExchangeCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Purchased gas 458,691us-gaap_UtilitiesOperatingExpenseGasAndPetroleumPurchased
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
488,201us-gaap_UtilitiesOperatingExpenseGasAndPetroleumPurchased
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
538,612us-gaap_UtilitiesOperatingExpenseGasAndPetroleumPurchased
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Unrealized (gain) loss on derivative instruments, net 85,636us-gaap_GainLossOnDerivativeInstrumentsNetPretax
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(98,880)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(119,120)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Utility operations and maintenance 550,146us-gaap_UtilitiesOperatingExpenseMaintenanceAndOperations
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
529,939us-gaap_UtilitiesOperatingExpenseMaintenanceAndOperations
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
512,765us-gaap_UtilitiesOperatingExpenseMaintenanceAndOperations
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Non-utility expense and other 23,729psd_NonutilityExpenseAndOther
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
12,205psd_NonutilityExpenseAndOther
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
9,977psd_NonutilityExpenseAndOther
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Depreciation 370,962us-gaap_Depreciation
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
364,324us-gaap_Depreciation
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
337,952us-gaap_Depreciation
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Amortization (5,356)us-gaap_AdjustmentForAmortization
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
24,631us-gaap_AdjustmentForAmortization
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
55,819us-gaap_AdjustmentForAmortization
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Conservation Amortization 104,096psd_ConservationAmortization
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
105,897psd_ConservationAmortization
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
114,177psd_ConservationAmortization
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Taxes other than income taxes 310,982us-gaap_TaxesExcludingIncomeAndExciseTaxes
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
303,260us-gaap_TaxesExcludingIncomeAndExciseTaxes
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
319,399us-gaap_TaxesExcludingIncomeAndExciseTaxes
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Total operating expenses 2,547,430us-gaap_OperatingExpenses
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
2,451,761us-gaap_OperatingExpenses
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
2,523,270us-gaap_OperatingExpenses
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Operating income (loss) 568,693us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
735,574us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
692,989us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Other income (deductions):      
Other income 24,036us-gaap_OtherNonoperatingIncome
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
38,690us-gaap_OtherNonoperatingIncome
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
49,056us-gaap_OtherNonoperatingIncome
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Other expense (7,457)us-gaap_OtherNonoperatingExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(7,134)us-gaap_OtherNonoperatingExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(11,770)us-gaap_OtherNonoperatingExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Interest charges:      
AFUDC 5,611us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
11,261us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
22,216us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Interest expense (264,745)us-gaap_InterestExpenseDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(261,264)us-gaap_InterestExpenseDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(246,811)us-gaap_InterestExpenseDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Interest expense on parent note (182)psd_InterestExpenseOnParentNote
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(112)psd_InterestExpenseOnParentNote
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(202)psd_InterestExpenseOnParentNote
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Income (loss) before income taxes 325,956us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
517,015us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
505,478us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Income tax (benefit) expense 89,342us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
160,886us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
149,308us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net income (loss) $ 236,614us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 356,129us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 356,170us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember