Puget Energy Overview
Puget Energy (NYSE:PSD) is a Bellevue, Washington-based company whose core business is Puget Sound Energy (PSE), a regulated utility, providing electric and natural gas service to the growing Puget Sound region of western Washington.
Puget Energy is focused on rebuilding its financial strength by concentrating on its core business: retail utility service within a regulated environment. The company's strategy emphasizes meeting the energy needs of the growing PSE customer base through incremental, cost-effective energy conservation, low-cost procurement of traditional energy resources, and far-sighted investment in energy-delivery infrastructure.
As Washington state's oldest and largest energy utility, with a 6,000-square-mile service territory stretching across 11 Washington counties, primarily in the Puget Sound region, PSE serves more than 1 million electric customers and 735,000 natural gas customers.