in News Departments > FYI
print the content item

Bellevue, Wash.-based Puget Sound Energy (PSE), utility subsidiary of Puget Energy; Puget Holdings LLC, a consortium of long-term infrastructure investors; the staff of the Washington Utilities and Transportation Commission (UTC); the Industrial Customers of Northwest Utilities; Northwest Industrial Gas Users; the Energy Project; the Northwest Energy Coalition and The Kroger Co. have filed a settlement stipulation with the UTC outlining the terms of their settlement agreement in the PSE merger case being reviewed by the UTC.

The settlement addressed the following areas:

- the level of debt to be incurred in the acquisition,

- bond ratings of PSE,

- dividend restrictions,

- ability of PSE to finance its capital expenditures,

- programs for low income customers, and

- renewable energy and energy efficiency.

As part of the settlement stipulation, the parties have requested that the UTC suspend the current procedural schedule and set a pre-hearing conference as soon as possible to determine a procedural schedule for hearing on the settlement and the other evidence in the case.

The settling parties will jointly seek commission approval of the merger application as outlined in the settlement stipulation.

SOURCE: Puget Energy

IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

Slow Turning: What's Stopping Individual Blade Pitch Control From Wider Acceptance?

Advances have made it feasible for wind turbine blades to adjust individually. However, other factors are preventing the technology's widespread use.


Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.

Hybrid Energy Innovations 2015