Effective May 8, 2013, the sole shareholders of Puget Energy Inc. and Puget Sound Energy Inc. appointed and elected Drew Murphy to the boards of Directors of the Companies. Mr. Murphy was appointed to replace John McMahon, who resigned from the Boards effective the same day. Mr. Murphy will serve on the Audit Committee of each of the Companies. Mr. Murphy is currently a Senior Managing Director at Macquarie Infrastructure and Real Assets Inc., which position he has held since January 2013.

Effective November 6, 2012, Puget Energy Inc. and Puget Sound Energy Inc. each appointed and elected David MacMillan to serve as a member of the Boards of Directors of Puget Energy and Puget Sound Energy Inc. respectively. Mr. MacMillan was appointed to replace Mark Wiseman, who resigned from the Boards effective the same day. Mr. MacMillan was selected by, and is a representative of, CPP Investment (USRE II) Inc., which is a member of Puget Holdings, and was appointed and elected to the Boards pursuant to the amended and restated Bylaws of each of Puget Energy and Puget Sound Energy. Mr. MacMillan is currently a non-executive director of Viridian Group Limited and is a board member of Potentia Solar Inc. With more than 25 years of Project Finance experience, Mr. MacMillan's background includes senior management positions in financial, energy and private companies. Mr. MacMillan has ten years of non-executive board experience on various energy company boards including Ontario Power Generation from 2004 to 2012 and InterGen from 2006 to 2008. The Boards of Puget Energy and Puget Sound Energy Inc. have determined that Mr. MacMillan will serve on the Audit Committees of Puget Energy and Puget Sound Energy Inc. and on the Asset Management Committee of Puget Sound Energy Inc.

Puget Energy Inc. Presents at Edison Electric Institute 47th Financial Conference, Nov-11-2012 through Nov-14-2012. Venue: JW Marriott Desert Ridge Resort & Spa, 5350 East Marriott Drive, Phoenix, AZ 85054, United States. Presentation Date(s): Nov-12-2012. Nov-13-2012.