in News Departments > FYI
print the content item

Puget Sound Energy (PSE) has filed a request to increase electric and natural gas rates in late 2008. This request would allow the utility to recover large investments made in energy infrastructure in 2006 and 2007, which will continue to be needed to serve the growing region, as well as costs related to higher operating and power-supply expenses, according to the company.

If approved by the Washington Utilities and Transportation Commission (WUTC), the general rate case filing would raise PSE's average electric and natural gas rates by 9.5% and 5.31%, respectively, effective Nov. 1, 2008.

As filed with the WUTC, the PSE request would annually provide an additional $174.5 million in electric revenue and $56.8 million in natural gas revenue to help the utility continue to meet growth demands in the utility's 11-county, 6,000 square-mile service area of western Washington.

"In 2005 and 2006 alone, we invested $635 million in our electric and natural gas delivery systems, including six new substations, more than 600 miles of new power lines and almost 400 miles of new natural gas pipelines," says Eric M. Markell, vice president and chief financial officer of PSE. "That's on top of the $580 million we have invested in our two wind farms."

PSE is proposing to recover new investments in renewable energy resources including four more wind turbines at its Hopkins Ridge Wind Power Facility, where 83 turbines have generated renewable energy to PSE customers since November 2005, and a new, 20-year power purchase agreement with PPM Energy for 50 MW of electricity generated from the Klondike III Wind Project in north-central Oregon.



Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.

Hybrid Energy Innovations 2015
Renewable NRG_id1934
Canwea_id1984
BG 2015DblBox_id2032