Puget Sound Energy (PSE) was formed in 1997 by the merger of Puget Sound Power & Light Company and Washington Energy Company.
In 2009 the company was sold to the Macquarie Group in a leveraged private equity buyout.
The company is a Washington state energy utility based in Bellevue, Washington. PSE distributes electricity to 1.1 million customers and natural gas to 750,000 customers.
PSE generates electricity in its coal, hydroelectric, natural gas, and wind-powered generating facilities with a total combined capacity of 2,900 MW. Coal, hydroelectric, and natural gas generating each account for about one-third of the company’s power generation.
Puget Sound Energy is #703 in the Fortune 1000.