Company profile

Incorporated in
Fiscal year end
Industry (SEC)
Former names
Puget Sound Power & Light Co


1 Aug 19
17 Oct 19
31 Dec 19


Company financial data Financial data

Quarter (USD) Mar 19 Dec 18 Sep 18 Jun 18
Revenue 1.11B 985.17M 651.46M 671.85M
Net income 132.15M 107.05M -21.97M 3.64M
Net profit margin 11.85% 10.87% -3.37% 0.54%
Operating income 213.46M 199.88M 37.3M 84.09M
Net change in cash -16.7M 29.56M -152K -3.94M
Cash on hand 20.82M 37.52M 7.97M 8.12M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 3.35B 3.46B 3.16B 3.09B
Net income 235.62M 175.19M 312.9M 241.18M
Net profit margin 7.04% 5.06% 9.89% 7.80%
Operating income 554.06M 739.11M 765.47M 671.93M
Net change in cash 10.91M -2.26M -13.62M 4.97M
Cash on hand 37.52M 26.62M 28.88M 42.49M

Financial data from company earnings reports

Financial report summary

Management Discussion
  • Electric operating revenues increased $9.2 million from the prior year primarily due to an increase in other revenues of $15.5 million and an increase in decoupling revenue of $9.8 million; partially offset by a decrease in electric retail sales of $13.6 million and a decrease in other decoupling revenue of $3.1 million.  These items are discussed in detail below.
  • Electric power costs increased $2.9 million primarily due to an increase of $7.9 million of electric generation fuel expense and partially offset by a decrease of $5.1 million of purchased electricity costs. These items are discussed in detail below.
  • *    Includes decoupling cash collections, ROR excess earnings, and decoupling 24-month revenue reserve.
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