Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Long-term Debt, Unclassified [Abstract]

Schedule of Long-Term Debt Instruments

The following table presents outstanding long-term debt principal amounts and due dates as of 2019 and 2018:

(Dollars in Thousands)			December 31,
Series	Type	Due	2019		2018
Puget Sound Energy:
5.500%	Promissory Note1	2020	$	—	$	2,412
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
4.300%	Senior Secured Note	2045	425,000		425,000
4.223%	Senior Secured Note	2048	600,000		600,000
3.250%	Senior Secured Note	2049	450,000		—
4.700%	Senior Secured Note	2051	45,000		45,000
*	Debt discount, issuance cost and other	*	(37,718)		(31,412)
Total PSE long-term debt			4,336,142		3,894,860
Puget Energy:
*	Fair value adjustment of PSE long-term debt	*	(173,865)		(182,372)
*	Revolving Credit Agreement	2023	24,100		11,900
*	Term Loan Agreement	2021	174,000		150,000
*	Term Loan Agreement	2022	210,000		—
6.500%	Senior Secured Note2	2020	—		450,000
6.000%	Senior Secured Note	2021	500,000		500,000
5.625%	Senior Secured Note	2022	450,000		450,000
3.650%	Senior Secured Note	2025	400,000		400,000
*	Debt discount, issuance cost and other	*	(52)		(1,897)
Total Puget Energy long-term debt			$	5,920,325	$	5,672,491

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*Not Applicable.

^1.5.500% Promissory Note in the amount of $2.4 million was classified on the Balance Sheet as a current maturity of long-term debt as of August 12, 2019.

^2.6.500% Senior Secured Note in the amount of $450.0 million was classified on the Balance Sheet as a current maturity of long-term debt as of December 14,2019.

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)	2020		2021		2022		2023		2024		Thereafter		Total
Maturities of:
PSE	$	2,412	$	—	$	—	$	—	$	—	$	4,373,860	$	4,376,272
Puget Energy	450,000		674,000		660,000		24,100		—		400,000		2,208,100
Total long-term debt	$	452,412	$	674,000	$	660,000	$	24,100	$	—	$	4,773,860	$	6,584,372