Puget Sound Energy Strikes Deal Over Buyout Plan

Law360, New York (July 23, 2008, 12:00 AM EDT) -- Washington state utility company Puget Sound Energy Inc. and a group of private equity investors aiming to acquire the utility for $7.4 billion have reached a settlement with several parties that had opposed the deal, which is currently being reviewed by the Washington Utilities and Transportation Commission.

The settlement, if approved, would resolve objections raised by commission staff, a number of industry groups — including the Industrial Customers of Northwest Utilities, Northwest Industrial Gas Users, the Energy Project and the Northwest Energy Coalition — and the...
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