BNET Industries
Puget Energy Inc. (PSD) is in the Energy Industry
- Revenue
- Dec 31 2007
- $3.2B
- Profit
- Dec 31 2007
- $184.4M
- Market Cap
- Oct 09 2008
- $2.8B
Latest News and Analysis
Pudget Energy a Sound Investment Even During a Market Meltdown
Jae Jun submits: A merger that I have had my eye on since its announcement is Puget Energy PSD. Puget Energy is a holding company but performs all of its operations through Puget Sound Energy which is a utility based in Seattle, right in my backyard. As with most...
Additional Resources
PSE Customers Poised to Receive 3 Percent Electric Rate Cut
Restored BPA bill credit to offset utility's pending general rate increase BELLEVUE, Wash. -- Puget Sound Energy [utility subsidiary of Puget Energy (NYSE:PSD)] residential electric customers could see a 3 percent rate cut as early as Nov. 1 if the Washington Utilities and Transportation Commission UTC approves a...
Dividends Declared on Puget Energy Common, Puget Sound Energy Preferred Stock
BELLEVUE, Wash. -- The boards of directors of Puget Energy (NYSE:PSD) and Puget Sound Energy, a wholly owned subsidiary, today declared quarterly dividends on the company's common and preferred stock. A quarterly dividend of 25 cents per share was declared on Puget Energy's common stock, payable Nov. 15,...
Puget Sound Energy Ranks Third in the West in J.D. Power and Associates Natural Gas Utility Customer Satisfaction Study
Improves 21 Points in Overall Customer Satisfaction BELLEVUE, Wash. -- Puget Sound Energy (utility subsidiary of Puget Energy (NYSE:PSD)) improved 21 points in overall customer satisfaction, making it third in the West Region and placing in the top quartile nationwide in the 2008 J.D. Power and Associates Gas...
Puget Sound Energy Announces Plan to Buy 'Mint Farm' Natural Gas-Fired Power Plant in Longview
310-Megawatt Facility to Help Meet Customers' Growing Energy Needs BELLEVUE, Wash. -- Puget Sound Energy [utility subsidiary of Puget Energy (NYSE: PSD)] today announced plans to purchase a 310-megawatt MW natural-gas-fired power plant in southwest Washington as part of the utility's long-range initiative for meeting customers' growing electricity...
PSE Reaches Settlement with All Parties in General Rate Case Being Reviewed by the Washington Utilities and Transportation Commission
BELLEVUE, Wash. -- Puget Sound Energy PSE, utility subsidiary of Puget Energy (NYSE:PSD), today announced that the utility has reached settlement on all but one issue with every party in its General Rate Case GRC proceeding before the Washington Utilities and Transportation Commission UTC. The UTC must still review the...
Puget Energy Reports Second Quarter 2008 Financial Results
* Second quarter 2008 income of 26 cents per diluted share from Puget Energy * Second quarter 2008 income of 30 cents per diluted share from Puget Sound Energy PSE, Puget Energy's core utility business * Year-to-date June 30, 2008 income of 87 cents per diluted...
PSE Eyeing Three New Sources of Long-Term Power Supply
'Short List' from Request-for-Proposals Process Features More Wind Energy; Targeted Resources Would Increase Utility's Power Capacity by Nearly 12 Percent BELLEVUE, Wash. -- Puget Sound Energy [the utility subsidiary of Puget Energy (NYSE:PSD)] today said it is pursuing the acquisition of 560 megawatts MW of new,...
Puget Sound Energy Completes Purchase of Sumas Power Plant
125-Megawatt Facility Will Help PSE Meet Customers' Growing Electricity Demands BELLEVUE, Wash. -- Puget Sound Energy [utility subsidiary of Puget Energy (NYSE:PSD)] today announced that it has completed the purchase of a 125-megawatt MW power plant in northwest Washington to help the company meet its customers' steadily growing...
Solar Power Helps Protect PSE's Natural Gas System
Only Solar-Powered Cathodic Protection System in Washington State and One of the Largest in the Nation BELLEVUE, Wash. -- Puget Sound Energy (utility subsidiary of Puget Energy (NYSE:PSD)) earlier this month added two new solar-powered systems to dozens installed since 1984 that help protect the utility's underground natural...
Parties File Settlement Stipulation with Washington Utilities and Transportation Commission Detailing Settlement Agreements in Puget Sound Energy and Puget Holdings Merger Case
BELLEVUE, Wash. -- Puget Sound Energy PSE, utility subsidiary of Puget Energy (NYSE:PSD), Puget Holdings LLC Puget Holdings, a consortium of long-term infrastructure investors, the staff of the Washington Utilities and Transportation Commission UTC, the Industrial Customers of Northwest Utilities ICNU, Northwest Industrial Gas Users NWIGU, the Energy Project, the...
Puget Sound Energy and Puget Holdings Investors Outline Merger Benefits to Customers and Affirm Local Control and Regulatory Oversight
Customer benefits * Provides $100 million in rate credits and reduced costs for customers * Commits capital from the new investors to meet PSE's $5 billion ($1 billion annually over the next five years) in infrastructure and energy supply requirements for the region...
Incumbent Members to Serve on New Puget Energy & PSE Boards of Directors to Ensure Locally Based, Experienced Governance
Boards to Be Chaired by Bill Ayer and Include Steve Reynolds and Herb Simon BELLEVUE, Wash. -- Puget Sound Energy PSE, utility subsidiary of Puget Energy (NYSE:PSD), together with the consortium of long-term infrastructure investors who have agreed to acquire the utility, today announced that...
PSE Achieves "Top 10" Rank by National Renewable Energy Laboratory
Utility Reaches 20,000 Customer Participation Goal in Voluntary Green Power Program BELLEVUE, Wash. -- Puget Sound Energy (PSE, the utility subsidiary of Puget Energy) (NYSE:PSD) was recently recognized by the U. S. Department of Energy's DOE National Renewable Energy Laboratory NREL as having one of the "Top 10"...
Williams and Puget Sound Energy Solicit Binding Commitments for Blue Bridge Pipeline Project
Binding Open Season Begins for Shippers TULSA, Okla., May 8 /PRNewswire-FirstCall/ -- Williams and Puget Sound Energy (PSE, the utility subsidiary of Puget Energy) have announced an open season to seek binding commitments from shippers for participation in the proposed Blue Bridge Pipeline Project. ...
Dividends Declared on Puget Energy Common, Puget Sound Energy Preferred Stock
BELLEVUE, Wash. -- The board of directors of Puget Energy (NYSE:PSD) and Puget Sound Energy, a wholly owned subsidiary, today declared quarterly dividends on the company's common and preferred stock. A quarterly dividend of 25 cents per share was declared on Puget Energy's common stock, payable Aug. 15,...
Puget Energy Reports First Quarter 2008 Financial Results
* First quarter 2008 income of 61 cents per diluted share * First quarter 2008 income of 62 cents per diluted share from Puget Sound Energy PSE, Puget Energy's core utility business BELLEVUE, Wash. -- Puget Energy (NYSE:PSD) today reported net income of $79.8 million, or...
PSE Announces Agreement with Farm Power
Utility and Skagit County Maas Brothers to Develop Dairy Digester Renewable Energy Generation BELLEVUE, Wash. -- Puget Sound Energy (the utility subsidiary of Puget Energy (NYSE:PSD)) today announced the company has reached a memorandum of understanding MOU with Farm Power Northwest, LLC, of Skagit County to develop a...
PSE Announces Plan to Expand Wild Horse Wind Facility
Addition to Raise Power Output and County and Schools Tax Base BELLEVUE, Wash. -- Puget Sound Energy [the utility subsidiary of Puget Energy (NYSE:PSD)] today announced plans to expand its Wild Horse Wind Facility, located east of Ellensburg on Central Washington's Whisky Dick Mountain. PSE is...
Puget Energy Shareholders Approve Merger with Consortium of North American Infrastructure Investors
BELLEVUE, Wash. -- Shareholders of Puget Energy (NYSE:PSD), the parent company of Puget Sound Energy, a regulated utility providing electric and natural gas service primarily to the growing Puget Sound region of western Washington, at a special meeting today approved by more than the required two-thirds vote a merger with...
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- Incorporated: 1960
- CEO: Mr. Stephen P. Reynolds
Puget Energy is an energy services holding company. Through its Puget Sound Energy, Inc. (PSE) subsidiary, Co. is engaged in the business of electric transmission, distribution and generation and natural gas transmission and distribution, mainly in the Puget Sound region of Washington. As of Dec 31 2007, PSE had about 1.0 million electric customers, consisting of 933,200 residential, 116,400 commercial, 3,800 industrial and 3,100 other customers; and about 729,500 gas customers, consisting of 673,600 residential, 53,100 commercial, 2,600 industrial and 100 transportation customers. Co. also owns and operates Baker River, Electron, Snoqualmie Falls, and the Electron hydroelectric projects.
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Puget Energy Inc. Company Info
Board of Directors
Mr. Stephen P. Reynolds
Chairman
Mr. George W. Watson
Mr. Douglas P. Beighle
Chairman
Mr. Robert L. Dryden
Mr. Charles W. Bingham
Mr. William S. Ayer
Ms. Phyllis J. Campbell
Mr. Craig W. Cole
Mr. Stephen E. Frank
Mr. Tomio Moriguchi
Dr. Kenneth P. Mortimer
Ms. Sally G. Narodick
Mr. Herbert B. Simon
Contact Information
10885 NE 4th Street
Suite 800
Bellevue, WA
425 454-6363
