Belllevue

Belllevue, WA-based Puget Energy, holding company for the combination utility, Puget Sound Energy (PSE), announced late Wednesday its earnings for the third quarter were reduced by about half of the results for the same period last year, and that the holding company plans to sell 15 million shares of common stock to fund utility operations and reduce short-term debt tied to a nonutility merchant construction business. Puget shares were selling at $20.85 early Thursday.