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PUGET POWER FILES FOR RESOURCE RATE ADJUSTMENT

& BELLEVUE, Wash., May 28 /PRNewswire/ -- Puget Sound Power & Light


Co. (NYSE: PSD) has filed for an adjustment in rates to recover the

increased costs of power during the severe drought and poor hydro conditions experienced over the last two years.
 "The effects of the continuing drought on hydroelectric resources in Eastern Washington have been severe," said Rich Lauckhart, vice president, Power Planning. Despite more rainfall and improving water conditions on the west side of the mountains, hydro conditions this year on the Columbia river, where the company gets a large portion of its power, rank as the second worst in the past 50 years, according to Lauckhart. "It is a problem all electric utilities in the region are face with this year," he added.
 Under the Periodic Rate Adjustment Mechanism (PRAM) procedure established by the Washington Utilities and Transportation Commission, Puget Power is filing for a $76.2-million (6.4 percent) resource adjustment increase. The company is asking for one-half that amount -- $38.1 million (3.2 percent) -- to be recovered over the year October 1993 through September 1994. The other half would be recovered over the year beginning October 1994. This filing includes about $24 million in deferrals previously approved for recovery by the commission in prior PRAM orders.
 The PRAM recovery is separate from the general rate increase request currently under consideration by the commission. In that case, filed last October, the company is asking for an overall 11.5-percent rate increase, but proposed that only 6.8 percent be granted during the first year.
 If the commission grants the company's general rate and PRAM proposals, the combined overall increase for all customers beginning this October would be 10 percent. The increase for residential customers would be 11.4 percent, which represents an increase in the bill of an average customer of $7.18 a month.
 1st Year Proposed General Rate Increase 1st Year Proposed PRAM
 (Oct. '93-Sept. '94) (Oct. '93-Sept. '94)
 Residential 8.1 percent ($44.96 mo.) 3.3 percent ($2.22 mo.)
 The commission is expected to rule on the company's rate requests in September.
 -0- 5/28/93
 /CONTACT: Melanie Granfors, 206-462-3710 or William Seil, 206-462-3206, both of Puget Power/
 (PSD)


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

SG-GT -- SF013 -- 3606 05/28/93 19:31 EDT
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Date:May 28, 1993
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