Bellevue

Expecting a final state of Washington regulatory merger approval to take its utility operations private before year-end, Bellevue, WA-based Puget Energy reported a financial bump Wednesday, announcing a third quarter net loss of $8.2 million, or 6 cents/diluted share, compared to net income of $11.4 million, or 10 cents/share, for the same period last year. Due to its pending $7.4 billion merger with a consortium of private investors, Puget senior executives did not hold a conference call with financial analysts.

Bellevue, WA-based Puget Sound Energy (PSE) said Tuesday it had completed an 18-month, $44 million expansion of the Pacific Northwest’s major natural gas storage reservoir, Jackson Prairie in Lewis County, WA. The facility now is capable of meeting a quarter of the region’s peak winter gas demand, PSE said.

Bellevue, WA-based Puget Sound Energy (PSE) Thursday asked the state of Washington Utilities and Transportation Commission (UTC) for an 11.1% retail natural gas utility rate increase to cover higher wholesale costs for gas. PSE requested the hike be effective Oct. 1 under the state’s purchased gas adjustment process.

Bellevue, WA-based Puget Sound Energy (PSE) announced last Monday that its investments in new utility infrastructure will total $421 million this year, with about $247 million of the total aimed at capacity and reliability upgrades. The rest is focused on natural gas and electric distribution utility customer growth, the Puget Energy utility said.

Bellevue, WA-based Puget Sound Energy (PSE) announced Monday that its investments in new utility infrastructure will total $421 million this year, with about $247 million of the total aimed at capacity and reliability upgrades. The rest is focused on natural gas and electric distribution utility customer growth, the Puget Energy utility said.

Puget Sound Energy (PSE) last Monday said it had reached a settlement with parties that stood in the way of the acquisition of the Bellevue, WA-based utility by a group of private investors. The state of Washington Utilities and Transportation Commission (WUTC) must review the settlement. and other factors before deciding on the merger.

Puget Sound Energy (PSE), the utility of Bellevue, WA-based Puget Energy, will retain key local board members and utility management following completion of the deal to take the company private, it said Thursday.

The Pacific Northwest region’s largest natural gas storage facility has completed drilling for expansion and upgrade by its operator, Bellevue, WA-based Puget Sound Energy (PSE).

Bellevue, WA-based Puget Sound Energy (PSE) before the end of the year will amend its previously announced $231.3 million general rate case request to reflect the purchase price of the Sumas natural gas-fired generation plant for which PSE paid $30.1 million. It closed the deal last Thursday.