October 02, 2014 9:32 AM ET

Multi-Utilities

Company Overview of Puget Sound Energy Inc.

Company Overview

Puget Sound Energy, Inc., a public utility company, is engaged in the purchase, generation, transmission, and distribution of electricity primarily in the United States. The company is also involved in the purchase, transportation, sale, and distribution of natural gas. It generates electricity from coal, natural gas, wind, solar, oil, and hydel sources. As of December 31, 2013, the company’s electric power resources, including company-owned or controlled resources, as well as those under long-term contracts had a total capacity of approximately 4,831 megawatts. It serves residential, industrial, and commercial customers principally in the Puget Sound region, Washington. The company was inco...

10885 NE 4th Street

Suite 1200

Bellevue, WA 98004

United States

Founded in 1960

2,700 Employees

Phone:

425-454-6363

Key Executives for Puget Sound Energy Inc.

Chief Executive Officer
Age: 49
Chief Financial Officer and Senior Vice President
Age: 56
Vice President of Operations
Chief Administrative Officer and Senior Vice President
Age: 53
Chief Ethics & Compliance Officer
Age: 52
Compensation as of Fiscal Year 2014.

Puget Sound Energy Inc. Key Developments

Puget Sound Energy Wins Approval for Lease to Build LNG Facility in Washington

Puget Sound Energy Inc. has won approval from the Port of Tacoma for a lease to build a $275 million liquefied natural gas, or LNG, facility in Washington. The proposed facility will allow PSE to continue providing dependable, affordable natural gas service to 770,000 residential and commercial natural gas customers in Western Washington during periods of peak demand. It will also provide an opportunity to serve local transportation companies looking to shift from traditional fuel sources to cleaner LNG.

Buckley Plans To Sell Natural Gas System To Puget Sound

The city of Buckley is planning to sell natural gas system and Puget Sound Energy Inc. is willing to be the buyer. The proposal is now up to the voting public to decide.

The Federal Energy Regulatory Commission Issues Order from Chief Administrative Law Judge to Puget Sound Energy

The Federal Energy Regulatory Commission issued order from Chief Administrative Law Judge to Puget Sound Energy Inc. On October 23, 2013, Commission Trial Staff (Trial Staff) and the active participants in this proceeding (collectively, Movants) filed a Joint Motion to Amend Post-Hearing Briefing Schedule and Initial Decision Due Date (Motion). The Movants state that an extension in the procedural schedule is necessary because the hearing is ongoing and expected to conclude no later than October 25, 2013. No party opposes the proposed extension. Under the circumstances, the period for answers is hereby waived. Due to the complexity of the issues in this proceeding and the fact that the hearing began on August 27th and continued day-to-day, except for a two-week period, until this date, the Chief Judge finds good cause for granting the requested extension of the procedural time standards.

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