Puget Sound Energy Inc, founded in 1997 and headquartered in Bellevue, Washington, is a leading energy provider dedicated to delivering reliable electric and natural gas service to over 1.1 million customers in the Pacific Northwest. The company focuses on sustainable energy solutions, offering services that include electricity generation, gas distribution, and renewable energy programs to enhance the region’s energy efficiency and environmental stewardship.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Puget Sound Energy has been active in the bond market for several decades, issuing its first bonds in the early 2000s to support infrastructure projects and improvements. Notably, in 2022, the company issued $350 million in green bonds to finance renewable energy initiatives, aligning with its commitment to sustainability. As of October 2023, the current yield on PSE’s bonds remains competitive with industry averages, reflecting strong credit ratings. The bonds include features such as call options, providing flexibility to the issuer, while recent news highlights the company's plans to further invest in renewable energy, potentially influencing future bond offerings.