XML 72 R41.htm IDEA: XBRL DOCUMENT v3.22.0.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2021
Long-term Purchase Commitment [Line Items]  
Schedule of Long-term Contracts for Purchase of Electric Power
The Company's expenses under these PUD contracts were as follows for the years ended December 31, :
(Dollars in Thousands)202120202019
PUD contract costs$117,812 $116,874 $87,135 

As of December 31, 2021, the Company purchased portions of the power output of the PUDs' projects as set forth in the following table:
Company's Current Share of
(Dollars in Thousands)Contract
Expiration		Percent of
Output		Megawatt CapacityEstimated 2022 Costs2022 Debt Service CostsInterest included in 2022 Debt Service CostsDebt Outstanding
Chelan County PUD:
Rock Island Project203130.0 %187$43,568 $12,074 $5,484 $99,510 
Rocky Reach Project203130.0 39043,942 5,056 2,090 36,723 
Douglas County PUD:
Wells Project1
202831.1 26143,095 — — — 
Grant County PUD:
Priest Rapids Development20520.6 61,749 894 450 11,276 
Wanapum Development20520.6 71,749 894 450 11,276 
Total851$134,103 $18,918 $8,474 $158,785 
_______________
1.In March 2017, PSE entered a new PPA with Douglas County PUD for Wells Project output that begins upon expiration of the existing contract on August 31, 2018, and continues through September 30, 2028.
2.In March 2021, PSE entered into a new PPA with Chelan County PUD for additional Rocky Reach and Rock Island output. The contract begins on January 1, 2022, and continues through December 31, 2026. This agreement increases PSE’s share of output by 5% for each project, which equates to additional capacity of 31MW for Rock Island and 65MW for Rocky Reach.
Schedule of Long-term Purchase Commitments The following table summarizes the Company’s estimated obligations for service contracts through the terms of its existing contracts.
Service Contract Obligations
(Dollars in Thousands)		20222023202420252026ThereafterTotal
Energy production service contracts$31,167 $31,916 $32,699 $33,468 $17,087 $81,854 $228,191 
Automated meter reading system46,455 47,517 47,526 48,249 49,098 — 238,845 
Total$77,622 $79,433 $80,225 $81,717 $66,185 $81,854 $467,036 
Electricity, Purchased [Member]  
Long-term Purchase Commitment [Line Items]  
Schedule of Long-term Purchase Commitments
The following table summarizes the Company’s estimated payment obligations for power purchases from the Columbia River projects, electric portfolio contracts and electric wholesale market transactions.  These contracts have varying terms and may include escalation and termination provisions.
(Dollars in Thousands)20222023202420252026ThereafterTotal
Columbia River projects$151,378 $136,635 $134,188 $124,724 $123,243 $421,272 $1,091,440 
Electric portfolio contracts330,189 377,331 384,655 344,021 142,903 1,755,102 3,334,201 
Electric wholesale market transactions300,027 62,821 62,761 11,616 11,616 — 448,841 
Total$781,594 $576,787 $581,604 $480,361 $277,762 $2,176,374 $4,874,482 
Natural Gas, US Regulated [Member]  
Long-term Purchase Commitment [Line Items]  
Schedule of Long-term Purchase Commitments
The following table summarizes the Company’s obligations for future natural gas supply and demand charges through the primary terms of its existing contracts.  The quantified obligations are based on the FERC and Canadian Energy Regulator currently authorized rates, which are subject to change.
Natural Gas Supply and Demand Charge Obligations
(Dollars in Thousands)		20222023202420252026ThereafterTotal
Natural gas wholesale market transactions$564,580 $299,400 $210,198 $153,054 $98,725 $— $1,325,957 
Firm transportation service177,185 166,153 131,611 114,470 98,847 694,279 1,382,545 
Firm storage service8,899 2,270 68 67 56 — 11,360 
Total$750,664 $467,823 $341,877 $267,591 $197,628 $694,279 $2,719,862