f8k100908.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D. C. 20549
FORM
8-K
CURRENT
REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date of
report (Date of earliest event reported): October 9, 2008
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Exact
name of registrant as specified
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I.R.S.
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in
its charter, state of incorporation,
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Employer
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Commission
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address
of principal executive offices,
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Identification
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File
Number
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Telephone
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Number
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1-16305
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PUGET
ENERGY, INC.
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91-1969407
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A
Washington Corporation
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10885
- N.E. 4th Street, Suite 1200
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Bellevue,
Washington 98004-5591
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(425)
454-6363
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1-4393
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PUGET
SOUND ENERGY, INC.
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91-0374630
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A
Washington Corporation
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10885
- N.E. 4th Street, Suite 1200
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Bellevue,
Washington 98004-5591
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(425)
454-6363
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___________
Check the
appropriate box below if the Form 8−K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting
material pursuant to Rule 14a−12 under the Exchange Act (17 CFR
240.14a−12)
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Pre−commencement
communications pursuant to Rule 14d−2(b) under the Exchange Act
(17 CFR 240.14d−2(b))
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Pre−commencement
communications pursuant to Rule 13e−4(c) under the Exchange Act
(17 CFR 240.13e−4(c))
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Item 7.01
Regulation FD Disclosure
On
October 9, 2008 the Company issued the following press release:
Puget
Sound Energy and Puget Holdings
await
Washington Utilities and Transportation Commission
decision
on merger
capital
committed and all other approvals obtained
BELLEVUE, Wash. – Puget Sound
Energy, utility subsidiary of Puget Energy (NYSE:PSD), and Puget Holdings LLC, a
consortium of long-term infrastructure investors, today noted that on Oct. 8,
2008 the Washington Utilities and Transportation Commission provided notice to
all parties to the merger case that reply briefs, if submitted, must be filed by
Oct. 23, 2008. The filing of reply briefs by the parties
is expected to be the last step before a final order is issued from the UTC
relating to the merger case.
All
federal regulatory and shareholder approvals required for the merger have been
obtained. Puget Holdings has committed equity and debt financing in place to
complete the merger and to provide significant capital for PSE’s future
needs.
If the
merger is approved by the UTC and customary conditions are met, completion of
the merger is expected this year.
About Puget Sound
Energy
Washington
state’s oldest and largest energy utility, with a 6,000-square-mile service area
stretching across 11 counties, Puget Sound Energy serves more than 1 million
electric customers and 737,000 natural gas customers, primarily in western
Washington. PSE, a subsidiary of Puget Energy (NYSE: PSD), meets the energy
needs of its growing customer base through incremental, cost-effective energy
conservation, low-cost procurement of sustainable energy resources, and
far-sighted investment in the energy-delivery infrastructure. PSE employees are
dedicated to providing great customer service to deliver energy that is safe,
reliable, reasonably priced, and environmentally responsible. For more
information, visit www.PSE.com.
About Puget
Energy
Puget
Energy (NYSE: PSD) is the parent company of Puget Sound Energy (PSE), a
regulated utility providing electric and natural gas service primarily to the
growing Puget Sound region of western Washington. For more information, visit
www.PugetEnergy.com.
About Puget Holdings
LLC
Macquarie
Infrastructure Partners
Macquarie
Infrastructure Partners (MIP), headquartered in New York, is a diversified
unlisted fund focusing on infrastructure investments in the United States and
Canada. The majority of MIP investors are US and Canadian
institutions such as public pension funds, corporate pension funds, endowments
and foundations and Taft-Hartley (Labor) funds. MIP has thirteen
committed investments including stakes in regulated utilities such as Aquarion
Company, a regulated New England water utility, Duquesne Light, a regulated
electric utility in Pittsburgh and investments in several other infrastructure
and essential service businesses in the US and Canada.
Macquarie
Capital Group
Macquarie
Capital Group Limited is recognized as a leading global investor and manager of
infrastructure businesses. Members of the Macquarie Capital Group manage more
than US$50 billion in equity invested in infrastructure and essential service
assets around the world through a range of listed and unlisted vehicles.
Infrastructure investments managed by Macquarie include investments in the
regulated energy, utility, water, transportation and telecommunications sectors
around the world. Macquarie aims to manage investments in infrastructure assets
profitably and responsibly.
CPP
Investment Board
The CPP
Investment Board is a professional investment management organization that
invests the funds not needed by the Canada Pension Plan to pay current benefits
on behalf of 17 million Canadian contributors and beneficiaries. In order to
build a diversified portfolio of CPP assets, the CPP Investment Board invests in
public equities, private equities, real estate, inflation-linked bonds,
infrastructure and fixed income instruments. Headquartered in Toronto, with
offices in London and Hong Kong, the CPP Investment Board is governed and
managed independently of the Canada Pension Plan and at arm's length from
governments. At June 30, 2008, the CPP Fund totaled C$127.7 billion. For more
information about the CPP Investment Board, visit www.cppib.ca.
bcIMC
British
Columbia Investment Management Corporation (bcIMC) is an investment management
corporation based in Victoria, B.C. With over C$85 billion in assets under
administration with global exposure, and supported by industry-leading
investment expertise, bcIMC offers fund management services for all major asset
classes, including currency and infrastructure investment.
bcIMC’s
Strategic Investment and Infrastructure Program seeks to acquire long term
interests in tangible infrastructure assets which hold the potential to generate
strong returns and cash yields to its clients. The program has a global focus
with holdings in North America, Latin America, and Europe. bcIMC's clients
include public sector pension plans, public trusts, and insurance funds. For
more information, visit www.bcimc.com.
AIMCo
Alberta
Investment Management Corporation (AIMCo), based in Edmonton, Alberta, is one of
the largest public sector asset managers in Canada, with US$73 billion in assets
under management as of March 31, 2008. AIMCo manages capital for public sector
pension plan and government endowment fund clients across a wide variety of
asset classes. Alternative investments include private equity, real estate,
timberland, and infrastructure. AIMCo has made infrastructure investments and
investment commitments of approximately US$1.7 billion and has significant
investment experience in the regulated energy and utility sectors.
Infrastructure investments are made on a long-term basis, and the portfolio is
diversified across sector and geography, including investments in North America,
Europe, Asia, and Australia. For more information on AIMCo and its investments,
please visit www.aimco.alberta.ca.
MFIT
Macquarie-FSS
Infrastructure Trust ("MFIT") is an unlisted Australian infrastructure trust
managed by
Macquarie
Specialised Asset Management Limited ("Manager"). The investment objective of
MFIT is to make investments in a diversified range of infrastructure and
infrastructure-like assets. MFIT currently holds interests in four assets across
four sectors in three countries (the USA, the UK and Spain). Assets include
electricity and water infrastructure, communications infrastructure and vehicle
inspection services.
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrants have duly caused this report to be signed on their behalf by the
undersigned hereunto duly authorized.
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PUGET
ENERGY, INC.
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PUGET
SOUND ENERGY, INC.
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By:
/s/ Eric M. Markell
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Dated: October
9, 2008
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Eric
M. Markell
Executive
Vice President and
Chief
Financial Officer
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