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PUGET SOUND POWER & LIGHT ANNOUNCES PRELIMINARY AWARD GROUP

 PUGET SOUND POWER & LIGHT ANNOUNCES PRELIMINARY AWARD GROUP
 BELLEVUE, Wash., April 8 /PRNewswire/ -- Puget Sound Power & Light Co. (NYSE: PSD) today announced that it will pursue contract negotiations for long-term energy resources with 13 non-utility developers selected through its competitive bidding process.
 Projects selected for the preliminary award group include six conservation proposals and seven generation proposals. The projects would deliver an estimated total of 121 average megawatts (aMW) to meet customer needs in the 1995-98 period. (A list of the projects follows.)
 "In this solicitation, we placed special emphasis on cost- effective conservation and renewable resources, such as hydro and wind," said Corey Knutsen, vice president, Corporate Planning. "These resources are beneficial, partially because they help balance our resource portfolio and have low environmental effects."
 Knutsen said a 10-percent price credit was given to conservation and renewable resources in the evaluation process. Also, preference was given to high-efficiency cogeneration over other thermal processes and to resources of less than 70 megawatts (MW).
 As part of its resource strategy, Puget Power continues to focus on conservation programs to reduce the need for new resources. Knutsen said the company's conservation programs, offering funding to customers since 1978, helped reduce load through 1990 by more than 112 aMW.
 "This is equivalent to the amount of total energy needed annually to serve the cities of Bellevue, Issaquah and the Totem Lake area of Kirkland," he said.
 In 1991, company programs achieved more than 17 aMW of conservation, exceeding the ambitious target of 16 aMW. A challenging 24 aMW target is set for 1992.
 Knutsen noted that the growing demand by customers for electric power cannot be met exclusively by conservation.
 "While we will continue to pursue conservation efforts, additional resources are needed," Knutsen said. In addition to resources from competitive bidding, Puget Power will continue to develop its own resources, particularly small hydro, which appears to be promising from both a cost and environmental perspective.
 "We will maintain the flexibility to develop these resources ourselves, or to purchase the projects or their output, whichever is more cost-effective for our customers in the long term," he said.
 Knutsen said an important part of the company's resource strategy is to avoid over dependence on any one resource added to the system. The preliminary award group includes a variety of low-cost resources.
 The company received numerous proposals for gas-fired projects, but the one selected was attractive for several reasons beyond price. Knutsen said it met the company's criteria as a high-efficiency cogenerator, it is a small facility at a good location, and it provides efficiency benefits to a large Puget Power customer. The company's evaluation of all the bid proposals included similar non- price considerations.
 Knutsen said that since Puget Power's first solicitation two years ago, the company has contracted for more than 400 aMW of non-utility resources, primarily gas-fired.
 "Gas is currently attractive, but our resource portfolio calls for a mix of resources to maintain resource diversity and to meet long- term needs," Knutsen said. "This was an important consideration for giving preference to conservation and renewable resources in the bid evaluation process."
 PUGET POWER COMPETITIVE BIDS
 Preliminary Award Group
 April 8, 1992
 Project Project Energy
 Developer Type aMW
 EUA Onsite L.P. Conservation 2.5
 Free Lighting Corp. Conservation 3.4
 Honeywell Inc. Conservation 1.0
 Lakeland Utilities Conservation Inc. Conservation 1.6
 Northwest Energy Services Inc. Conservation 2.4
 SESCO Inc. Conservation 2.3
 SUBTOTAL 13.2
 Halsey Cogeneration Wood Liquor 5
 Mission Energy Landfill Gas 20
 Pyrowaste Corp. Municipal Solid Waste 18
 Pacific Energy Hydro 2
 STS Hydropower LTD. Hydro 3
 U.S. Windpower Inc. Wind 10
 Zurn Industries Inc. Gas-High Effic. Cogen. 50
 SUBTOTAL 108
 TOTAL 121.2
 -0- 4/8/92
 /CONTACT: William Seil of Puget Sound Power & Light Co., 206-462-3206/
 (PSD) CO: Puget Sound Power & Light ST: Washington IN: UTI SU:


JH-SC -- SE005 -- 6317 04/08/92 13:55 EDT
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Date:Apr 8, 1992
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