
Puget Sound Energy seeks $1.5B rate hike, drawing fierce opposition from regulators and consumer groups
Puget Sound Energy (PSE) has requested a $1.5 billion rate increase over three years, which would raise typical electric bills by $612 annually by 2029. The utility seeks to boost its profit margin to 10.8% and invest in new gas and renewable infrastructure. Opponents, including the state Attorney General and Consumer Reports, argue the costs are excessive and that cleaner, cheaper alternatives exist. Public hearings are scheduled in late September and early October, with a final decision expected in January.













