Puget Sound Energy sustainability commitments and reporting

November Wind Storm

The windstorm caused extensive damage to our system late afternoon yesterday and into last night. As of 5:20 a.m., we have 416,488 customers out of power.

Our focus today is on critical infrastructure and public safety, as PSE has been fielding many 911 calls for safety/emergency needs. With daylight approaching, crews will continue assessing more of the overall damage to the region and provide restoration updates as information becomes available.

We anticipate a multiple day outage and encourage customers with critical needs to make alternate plans as we work to assess the situation and restore power.

Corporate Sustainability

Puget Energy and its primary operating subsidiary Puget Sound Energy (PSE) are committed to doing what is right by striving to continuously improve the sustainability of our business while delivering cleaner, safe and reliable energy while keeping energy equity in mind. As an electric and natural gas utility, a key element of sustainability is our critical role in Washington’s clean energy transition required under the Clean Energy Transformation Act (CETA), the Climate Commitment Act (CCA) and the Clean Fuel Standard (CFS).

CETA requires that PSE’s electric supply to customers be net zero carbon by 2030 and 100% clean (renewable and non-emitting) by 2045. CCA establishes a GHG emissions cap-and-invest program that requires covered entities, including electric and gas utilities, to purchase allowances to cover their GHG emissions with a cap on available allowances that declines annually through 2050 to support Washington’s commitment to reduce greenhouse gas (GHG) emissions by 95% by 2050. The CFS is designed to reduce GHG emissions in the transportation sector and PSE’s role is providing lower-carbon intensity fuels and supporting transportation electrification.

The following provides links to documents that describe PSE’s overall longer-term and specific near-term strategies and report on our progress.

Strategy: Helping drive Washington’s clean energy transition

Pathway to Beyond Net Zero Carbon by 2045
Clean Energy Planning

Integrated Resource Planning to access most current resource planning documents
Equity Advisory Group

Progress: Sustainability reporting and disclosures

Sustainability Report: 2023RY
Greenhouse Gas Policy Statement
2023 SASB Index – aligned with Sustainability Accounting Standards Board (SASB) framework
2023 GRI Index – referenced to Global Reporting Initiative (GRI) framework
2023 Electric Operations Sustainability Metrics – Edison Electric Institute template
2023 Gas Operations Sustainability Metrics – American Gas Association template

Adaptation: Climate resiliency

TCFD Report – aligned with Task Force for Climate-Related Financial Disclosures (TCFD) guidance
Grid Modernization webpage
Wildfire Mitigation and Response Preparedness

Sustainable financing

The Clean Electricity Transition

Puget Sound Energy recognizes that climate change is one of the biggest existential threats facing our planet today. That’s why we put our stake in the ground with our aspirational goal to be a Beyond Net Zero Carbon company by 2045.

Building an Equitable and Inclusive Clean Energy Future

Last year, PSE convened an Equity Advisory Group (EAG) to help guide our transition to 100% clean electricity by 2045.

Camp Korey receives Green Power Solar Grant

With solar panels installed through a Green Power Solar Grant from PSE, Camp Korey can put the money it saves on annual electricity costs toward critical programs and services for its campers.

Our SBDI Program helps Kent store

Puget Sound Energy’s Small Business Direct Install Program (SBDI) provides energy efficiency upgrades like lighting for small businesses in our service area.

New Community Solar site brings renewable energy to Bonney Lake and beyond

The 450 kWac Community Solar site installed on the roof of the Peaking Storage Reservoir in Bonney Lake offers PSE customers a chance to support and benefit from local renewable energy.