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Washington State Regulators Say Puget Sound Energy Can't Increase Rates.
Byline: Lynda V. Mapes
Oct. 5--State regulators yesterday rejected a request by Puget Sound Energy to raise its customers' rates.
The utility filed for an emergency, $84 million rate increase Aug. 21 that would have raised the average residential customer's bill 18 percent per month. It also sought the ability to pass any future increases -- or decreases -- in wholesale energy costs on to its customers.
The Washington Utilities and Transportation Commission ruled against Puget's request, arguing the utility failed to make an adequate financial case for it.
Puget's electric rates are fixed through December under a 1997 merger agreement with …
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