v3.26.1
Regulation and Rates (Tables) - Subsidiaries
 6 Months Ended
Jun. 30, 2026
PCA Mechanism | Electricity  
Regulation and Rates [Line Items]  
Schedule of Graduated Scale of Rate Adjustment Mechanism The following graduated scale used in the PCA mechanism resulted in the following Company and customer shares:
Puget Energy and
Puget Sound Energy
At June 30, 2026
(Dollars in Thousands)
Company's Share
Customers' Share
Total
Annual Power Cost Variability
OverUnderAmountOverUnderAmount
(Over) and under collected up to $17 million
100%100%$(17,000)—%—%$—$(17,000)
(Over) and under collected between $17 - $40 million
3550(7,927)6550(14,721)(22,648)
(Over) or under collected beyond $40 million
1010—9090——
Interest—99
Total (over) / under recovery
$(24,927)$(14,712)$(39,639)

Puget Energy and
Puget Sound Energy
At June 30, 2025
(Dollars in Thousands)
Company's Share
Customers' Share
Total
Annual Power Cost Variability
OverUnderAmountOverUnderAmount
(Over) and under collected up to $17 million100%100%$17,000—%—%$—$17,000
(Over) and under collected between $17 - $40 million355011,500655011,50023,000
(Over) or under collected beyond $40 million10107,476909067,28674,762
Interest—1,2181,218
Total (over) / under recovery$35,976$80,004$115,980
Purchased Gas Adjustment | Natural Gas  
Regulation and Rates [Line Items]  
Schedule of PGA Receivable Payable
The following table presents the PGA mechanism balances and activity at June 30, 2026 and December 31, 2025:
Puget Energy and
Puget Sound Energy
(Dollars in Thousands)At June 30,At December 31,
20262025
PGA (liability)/receivable beginning balance$(65,931)$(58,657)
Actual natural gas costs221,993 397,465 
Allowed PGA recovery(201,346)(399,347)
Interest(1,558)(5,392)
PGA (liability)/receivable ending balance$(46,842)$(65,931)