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Dividends Declared on Puget Energy Common, Puget Sound Energy Preferred Stock.


BELLEVUE, Wash. -- The Board of Directors of Puget Energy (NYSE NYSE

See: New York Stock Exchange
:PSD (tool) PSD - Portable Scheme Debugger. ) today (July 13) declared quarterly dividends on the company's common stock.

A quarterly dividend of 25 cents per share Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned.
 was declared on Puget Energy's common stock, payable August 15, 2006, to shareholders of record as of the close of business, July 24, 2006. The dividend rate for Puget Energy common stock was unchanged. The dividend will be the 252nd consecutive quarterly dividend paid by Puget Energy and its predecessor companies.

The Board of Directors of Puget Sound Energy Puget Sound Energy (PSE) is an energy company providing electrical power and natural gas in the Puget Sound region of the northwest United States. It serves electrical power to over 1 million customers in Island, Jefferson, King, Kitsap, Kittitas, Pierce, Skagit, Thurston, and , which is a wholly-owned subsidiary of Puget Energy, also declared quarterly dividends on Puget Sound Energy preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders.

Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate.
 at rates shown below:
Quarterly dividends declared 07/13/2006 on Puget Sound Energy
                           preferred stock:

SERIES  DIVIDEND  PAYMENT DATE      RECORD DATE
--------------------------------------------------------------------
4.70%   $1.175    Aug. 15, 2006     July 24, 2006
4.84%   $1.21     Aug. 15, 2006     July 24, 2006

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Publication:Business Wire
Date:Jul 13, 2006
Words:149
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