Puget Sound Energy announces a strategic investment deal with increased stakes from existing shareholders and new investments from OMERS and PGGM, underscoring confidence in the utility's future and commitment to sustainable energy practices.
Target Information
Puget Sound Energy (PSE) is Washington State's largest utility, servicing over 1.1 million electric and 825,000 natural gas customers across ten counties. The utility has demonstrated a longstanding commitment to improving infrastructure, ensuring reliable service, and significantly reducing its carbon footprint.
Recently, PSE announced a strategic investment involving existing and new investors, signaling stability and future growth opportunities while maintaining local operations and community engagement.
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Industry Overview in Washington State
Washington's utility industry plays a crucial role in maintaining energy security and supporting economic growth as it transitions toward greener and more sustain
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invested in
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in 2023
in a Corporate VC deal