Puget Sound Energy has $40 for you

Residential electric customers will each receive $40 from sale of Jefferson County system

POULSBO — Puget Sound Energy customers will get a break on their winter power bills: a one-time credit applied to December and January that will save the average residential electric customer about $40.

The credit passes along the proceeds from the sale of PSE’s assets in Jefferson County in 2010.

The total amount to be paid to PSE customers will be $59.2 million, which includes interest that has accrued, PSE spokesman Ray Lane reported. PSE provides electricity to more than 1.1 million customers in eight counties: Island, King, Kitsap, Kittitas, Pierce, Skagit, Thurston, and Whatcom.

Every current PSE electric customer, residential and business, will receive the credit. Customers will not need to request the credit; it will automatically appear on their billing statements. Because of varying billing cycles, most customers will see a portion of the credit on their December statement, and the remainder on their January bill. The credits will be based on electricity used during the month of December.

Earlier this month, the state Utilities and Transportation Commission approved the distribution to customers of $52.7 million, plus interest, from the proceeds of PSE’s sale of its Jefferson County infrastructure.

According to Lane, PSE asked to distribute the credit through a one-time payout during winter, “since it will be a benefit to customers when electric bills are typically higher due to colder weather and shorter daylight hours.”

 

Tags: