Sound

After its board vetted potential counter offers from other sources and found nothing better, Puget Sound Energy (PSE) Monday filed for approval of its $7.4 billion merger with a private equity consortium with the Washington Utilities and Transportation Commission. The merger with North American infrastructure investors led by a New York City unit of Australian-based Macquarie Infrastructure Partners (MIP) was announced Oct. 26.

The California Superior Court in Los Angeles set a Feb. 11 hearing on Mitsubishi’s Sound Energy Solutions’ (SES) lawsuit seeking to force the Port of Long Beach to completed an unfinished environmental review of SES’s proposed liquefied natural gas (LNG) receiving terminal in the Port of Long Beach. The latest court action came last Friday.

Despite a pre-merger quiet period, Puget Sound Energy (PSE) is busily preparing a deluge of regulatory filings by the end of the year on its proposed $7.4 billion merger with a consortium of Australian and Canadian private equity interests bidding to take the Bellevue, WA-based utility private.

Still languishing in a legally imposed “silent” period that runs until Dec. 10, Puget Sound Energy (PSE) nevertheless is keeping a busy pace preparing to make a deluge of key regulatory filings by the end of the year on its proposed $7.4 billion merger with a consortium of Australian and Canadian private equity interests bidding to take the Bellevue, WA-based utility private.

At least 19 were confirmed dead and four others missing following a weather-related accident last Wednesday on a platform in the Campeche Sound of the Gulf of Mexico, according to state-run Petroleos Mexicanos (Pemex).

Bellevue, WA-based Puget Energy, holding company of Puget Sound Energy (PSE), has agreed to be acquired by a private investment consortium led by the North American unit of Australia-based Macquarie Bank Ltd. in a deal valued at $7.4 billion, the company said Friday. Subject to FERC and Washington state regulatory approvals, the merger is targeted to close by mid-year 2008.

Bellevue, WA-based Puget Energy, holding company of Puget Sound Energy (PSE), has agreed to be acquired by a private investment consortium led by the North American unit of Australia-based Macquarie Bank Ltd. in a deal valued at $7.4 billion, the company said Friday. Subject to FERC and Washington state regulatory approvals, the merger is targeted to close by mid-year 2008.

At least 18 are confirmed dead and seven others missing following a weather-related accident Wednesday on a platform in the Campeche Sound of the Gulf of Mexico, according to state-run Petroleos Mexicanos (Pemex).

While a growing percentage of Puget Sound Energy’s (PSE) future power supply will come from renewable resources — an estimated 10% in 2013, up from 5% this year — the company also expects a 43% increase in the direct use of natural gas by 2027, chief resource officer Kimberly Harris said.