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The Today File

Your guide to the latest news from around the Northwest

November 17, 2014 at 3:04 PM

PSE electric customers will get about $40 credit on bills

Customers of Puget Sound Energy will get a one-time credit of about $40 toward their electricity bills in their December and January statements, the utility announced Monday.

The $40 represents the average residential customer’s share of  a 2010 sale of the utility’s Jefferson County assets. Residents of that county voted to create a public utility district and subsequently purchased the electrical distribution infrastructure from PSE. A total of $59.2 million, including accrued interest, will be paid out to more than 1.1 million customers in eight counties: Island, King, Kitsap, Kittitas, Pierce, Skagit, Thurston and Whatcom.

Because of varying billing cycles, most customers will see a portion of the credit on their December statement and the remainder on their January bill. The credit will be based on the amount of electricity used during December.

Earlier this month, the state Utilities and Transportation Commission approved the payout to customers. The Commission also approved PSE’s request to distribute the credit in winter when electric bills are typically higher.

Comments | More in General news | Topics: cash, PSE

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