Sound

In announcing the completion Friday of a $250 million debt financing for Puget Sound Energy’s (PSE) utility operations, CEO Stephen Reynolds said the completion and favorable terms indicate the market likes the private investment consortium’s purchase of PSE, which he expects to close Feb. 6. The first mortgage bond issuance was placed with more than 35 institutional investors, carrying a seven-year term and 6.75% coupon.

Puget Sound Energy’s (PSE) $7.4 billion sale to a consortium of private investment groups led by Macquarie Infrastructure Partners should close Feb. 6, the investors and PSE’s parent, Puget Energy, said last Friday. They said the companies have accepted the conditioned approval late in December by the Washington Utilities and Transportation Commission (WUTC), the deal’s final regulatory approval.

A $7.4 billion deal by a consortium of private investors to acquire Bellevue, WA-based Puget Sound Energy (PSE) and take it private cleared a final regulatory hurdle last Tuesday when the Washington Utilities and Transportation Commission (WUTC) on a split 2-1 vote gave a heavily conditioned approval. WUTC approved a multi-party settlement from last summer that included its own staff.

A $7.4 billion deal by a consortium of private investors to acquire Bellevue, WA-based Puget Sound Energy (PSE) and take it private cleared a final regulatory hurdle Tuesday when the Washington Utilities and Transportation Commission (WUTC) on a split 2-1 vote gave a heavily conditioned approval. WUTC approved a multi-party settlement from last summer that included its own staff (see Daily GPI, July 23).

Puget Sound Energy (PSE) late 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.

The Pacific Northwest’s continued below-freezing temperatures pushed Bellevue, WA-based Puget Sound Energy (PSE) to another record natural gas sendout Friday, surpassing one the utility set earlier in the week. PSE said natural gas demand hit 780,000 MMBtu on Friday, compared to 755,881 MMBtu last Tuesday.

A stubborn cold front that has enveloped the Pacific Northwest sparked record natural gas and electricity sendouts for Bellevue, WA-based Puget Sound Energy (PSE) Tuesday, eclipsing a power demand marker that had stood for a decade, according to the combination utility. With forecasts for continued colder-than-normal temperatures in western Washington state, PSE was advising its customers to use power and gas wisely.

The $7.4 billion bid by a consortium of investment groups to take Puget Sound Energy (PSE) private will not close before early next year, according to a Securities and Exchange Commission (SEC) filing last Thursday by PSE parent Puget Energy. PSE is awaiting a decision from Washington state regulators, who were expected to act by now.

The $7.4 billion bid by a consortium of investment groups to take Puget Sound Energy (PSE) private will not close before early next year, according to a Securities and Exchange Commission (SEC) filing Thursday by PSE parent Puget Energy. PSE is awaiting a decision from Washington state regulators, who were expected to act by now.