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PUGET POWER FILES RESOURCE RATE ADJUSTMENT

 PUGET POWER FILES RESOURCE RATE ADJUSTMENT
 BELLEVUE, Wash., June 1 /PRNewswire/ -- Puget Sound Power & Light


Co. (NYSE: PSD) today filed for an adjustment in rates, under a procedure established by the Washington Utilities and Transportation Commission in an April 1991 order, Puget Power said.
 Under this Periodic Rate Adjustment Mechanism, rates are adjusted annually, up or down, to reflect changes in the costs of power and conservation. Today's filing would be in effect for a one-year period beginning Oct. 1, 1992, through Sept. 30, 1993.
 The amount of the adjustment filed is $97.4 million, which would result in an overall rate increase of 9.8 percent for the one-year period. Due to credits the company receives through Bonneville Power Administration's residential and small farm exchange program, the average residential customer would see an increase of 8.6 percent. The rates for commercial customers would increase 8.5 percent, and rates for small industrial customers would increase 10.1 percent. Large industrial customers' rates would increase 14.1 percent.
 Corey Knutsen, vice president, Corporate Planning, said continuing efforts to keep pace with the growing demand for electricity, along with unexpected factors -- such as the lack of rainfall and snowpack -- were major contributors to the proposed increase. He added, however, that the company is pursuing the most economical power resources available, with a strong emphasis on promoting energy conservation within its service territory.
 "Puget Power has been experiencing a customer growth rate of about 3 percent annually," Knutsen said. "Our goal is to meet this increasing demand for power with environmentally compatible, low-cost reliable energy resources."
 In 1991 alone, Puget Power's conservation programs saved a total of 17.6 average megawatts, enough power to serve approximately 12,000 residential homes. The company has set a goal for 1992 of saving 24 average megawatts.
 About $71.6 million of the $97.4 million requested by the company covers increased conservation costs, customer growth and increased power costs, including the addition of three major power purchase agreements. These agreements are from cogeneration projects scheduled to become operational beginning next year.
 The other $25.8 million is due to the revenue impacts of the current drought, and unexpectedly warm temperatures.
 The Commission is expected to rule in September on the company's rate adjustment request.
 -0- 6/1/92
 /CONTACT: William Seil, 206-462-3206, or Teri Van Duine, 206-462-3744, both of Puget Sound Power & Light/
 (PSD) CO: Puget Power Sound & Light Co. ST: Washington IN: UTI SU:


SC -- SE009 -- 5967 06/01/92 18:52 EDT
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Publication:PR Newswire
Date:Jun 1, 1992
Words:420
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