Stock Redemption and Transfer Information
Converting Puget Energy common shares to cash:
Shares held in Puget Energy’s Dividend Reinvestment Plan or book-entry form
(electronic shares, i.e. not in certificate form)
If you are currently enrolled in Puget Energy’s Stock Purchase and Dividend Reinvestment Plan or hold book-entry shares, Wells Fargo Shareowner Services, the paying agent for the transaction, will mail a check to your address of record, approximately 10 business days after the merger closing date. If you do not receive a check from Wells Fargo within four weeks of Feb. 6, 2009, please contact Wells Fargo at 1.877.262.8260.
Shareholders holding stock certificates (actual physical shares)
Wells Fargo will mail out a Letter of Transmittal (including instructions regarding lost stock certificates) to all certificated shareholders approximately 10 business days after the merger closing date. The Letter of Transmittal will contain instructions explaining the procedure for exchanging Puget Energy stock certificates for the merger consideration payment.
Wells Fargo will issue a check to the shareholder approximately 10 business days after receipt of a properly executed Letter of Transmittal and delivery of the stock certificates, as explained in the Letter of Transmittal. Please contact Wells Fargo at 1.877.262.8260 if you have questions.
Shares held with a financial institution (brokerage firm)
If you hold shares with a financial institution, please contact your administrator directly for information on disbursement of proceeds and fees involved. Cash was transferred through the Depository Trust Company to the financial institutions for the per share merger consideration payment following the merger closing date.
Lost certificates
Any physical certificates that have been issued must be presented to receive payment for your Puget Energy shares. If a shareholder of record who holds certificated shares does not have his or her stock certificate(s), they can report them as lost on the Letter of Transmittal. Wells Fargo will mail a Letter of Transmittal to the shareholder’s address of record, approximately 10 business days after the merger closing date. If you do not receive a Letter of Transmittal, please contact Wells Fargo at 1.877.262.8260.
A fee and/or additional paperwork may be required to receive the merger consideration payment for any lost stock certificates. For questions on how to complete the Letter of Transmittal please contact Wells Fargo at 1.877.262.8260. Additional information about lost certificates is also provided on www.wellsfargo.com/shareownerservices; please access the FAQs section and then click on the link to “General FAQs” followed by “How do I report my certificates as lost?”