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PUGET POWER BOARD DECLARES QUARTERLY DIVIDENDS

 BELLEVUE, Wash., Jan. 11 /PRNewswire/ -- The Puget Sound Power & Light Co's (NYSE: PSD) board of directors today declared a quarterly dividend of 46 cents per share on the company's common stock at its regularly scheduled meeting.
 The dividend was the same as the previous quarterly rate for Puget Power's common stock.
 The board of directors also declared regular dividends on all of the company's outstanding fixed rate preferred stock, and a dividend of $1.75 on the Series A adjustable rate cumulative preferred stock.
 All dividends are payable on Feb. 15, 1994, to shareholders of record at the close of business on Jan. 24, 1994.
 Preferred Dividends
 Class Rate
 4.70% $1.175
 4.84% $1.21
 7.75% $1.9375
 7.875% $0.4921875
 8.00% $2.00
 Series A
 Adjustable $1.75
 -0- 1/11/94
 /CONTACT: U. Earl Dunn, 206-462-3808, or William Seil, 206-462-3206, both of Puget Power/
 (PSD)


CO: Puget Sound Power & Light Co. ST: Washington IN: UTI SU: DIV

IC-RB -- SE007 -- 1091 01/11/94 15:26 EST
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Publication:PR Newswire
Date:Jan 11, 1994
Words:173
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