Puget Sound Energy proposes rate increase plan for electric, gas bills by 2029

BELLINGHAM, WA (MyBellinghamNow.com) – Energy bills may be going up in the next few years across the Puget Sound.

PSE announced they have submitted a three-year rate change plan to the state’s Utility and Transportation Commission late last week. If approved, the energy company would look to increase their electric bill rates nearly 30% and gas bills nearly 20% by 2029 for residential rate payers.

PSE cites a need to invest over $3 billion in their gas and electric system over the three-year span. About 70% of those dollars will be used to protect electric infrastructure, as the grid has faced increasing strain in recent years…

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