Citing Wind Farm Development, PSE Requests Rate Increase

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Puget Sound Energy (PSE) has filed a proposal with the Washington Utilities and Transportation Commission (UTC) to raise electric and natural-gas rates in 2012 to recover the costs of work done to increase electric and gas-delivery system reliability and provide a cleaner energy supply for local homes and businesses.

The rate request is based on energy system improvements made in 2009 and 2010, according to the company. PSE invested almost $1.1 billion for new gas and electric delivery infrastructure and new electric generation, including the first phase of the Lower Snake River Wind generation facility, currently under construction in Garfield County, Wash.

The proposed rates, which if approved, would take effect in May 2012 following the UTC's 11-month approval process, ask for overall increases of 8.1% in electric rates and 3% in natural-gas rates for all customer groups.

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