Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2014

Debt Instrument [Line Items]

Schedule of Long-Term Debt Instruments

(Dollars in Thousands)			At December 31,
Series	Type	Due	2014			2013
Puget Sound Energy:
7.350%	First Mortgage Bond	2015	$	10,000		$	10,000
7.360%	First Mortgage Bond	2015	2,000			2,000
5.197%	Senior Secured Note	2015	150,000			150,000
6.750%	Senior Secured Note	2016	250,000			250,000
5.500%	Promissory Note 1	2017	2,412			2,412
6.740%	Senior Secured Note	2018	200,000			200,000
7.150%	First Mortgage Bond	2025	15,000			15,000
7.200%	First Mortgage Bond	2025	2,000			2,000
7.020%	Senior Secured Note	2027	300,000			300,000
7.000%	Senior Secured Note	2029	100,000			100,000
3.900%	Pollution Control Bond	2031	138,460			138,460
4.000%	Pollution Control Bond	2031	23,400			23,400
5.483%	Senior Secured Note	2035	250,000			250,000
6.724%	Senior Secured Note	2036	250,000			250,000
6.274%	Senior Secured Note	2037	300,000			300,000
5.757%	Senior Secured Note	2039	350,000			350,000
5.795%	Senior Secured Note	2040	325,000			325,000
5.764%	Senior Secured Note	2040	250,000			250,000
4.434%	Senior Secured Note	2041	250,000			250,000
5.638%	Senior Secured Note	2041	300,000			300,000
4.700%	Senior Secured Note	2051	45,000			45,000
6.974%	Junior Subordinated Note	2067	250,000			250,000
	Unamortized discount on senior notes		(13		)	(14		)
PSE long-term debt			$	3,763,259		$	3,763,258
Puget Energy:
	Fair value adjustment of PSE long-term debt		$	(218,619	)	$	(229,746	)
	Credit Facility	2017	—			299,000
	Term-Loan	2016	100,000			—
	Term-Loan	2017	100,000			—
	Term-Loan	2016	99,000			—
6.500%	Senior Secured Note	2020	450,000			450,000
6.000%	Senior Secured Note	2021	500,000			500,000
5.625%	Senior Secured Note	2022	450,000			450,000
	Unamortized discount on senior notes		(32		)	(36		)
Total Puget Energy long-term debt			$	5,243,608		$	5,232,476

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¹  Puget Western, Inc., a wholly owned subsidiary of PSE, Promissory Note.

Schedule of Maturities of Long-Term Debt

The principal amounts of long-term debt maturities for the next five years and thereafter are as follows:

(Dollars in Thousands)	2015		2016		2017		2018		2019		Thereafter		Total
Maturities of:
PSE long-term debt	$	162,000	$	250,000	$	2,412	$	200,000	$	—	$	3,148,860	$	3,763,272
Puget Energy long-term debt	—		199,000		100,000		—		—		1,400,000		1,699,000
Puget Energy long-term debt	$	162,000	$	449,000	$	102,412	$	200,000	$	—	$	4,548,860	$	5,462,272