September 17, 2024
Global Renewable News

PUGET SOUND ENERGY
Puget Sound Energy extends clean energy contract for hydropower
Power Purchase Agreement signed with Douglas County PUD

September 5, 2024

Puget Sound Energy (PSE) has just signed a Power Purchase Agreement with Douglas County PUD to receive a slice of surplus hydropower from the Wells Hydroelectric Project.

The clean energy agreement starts on Jan. 1, 2026 and continues until Dec. 31, 2032. This new agreement continues PSE's long-term partnership with Douglas County PUD, which operates the Wells Hydroelectric Project on the Columbia River in Washington state.

"We are thrilled to continue our partnership with Douglas County PUD who has already helped us receive clean hydropower energy for several years," said Ron Roberts, senior vice president of energy resources. "This is another step for us in achieving clean energy as we undergo the most significant transformation in company history - striving to meet Washington's clean energy laws."

Under the seven-year agreement, PSE will receive 79 MW of the Wells Hydroelectric Project in 2026. PSE's share of the Wells Hydroelectric Project will increase to 159 MW in 2032.This is enough energy to power over 70,000 homes in 2032 with clean, carbon free, and reliable hydro power. Additionally, Wells Hydroelectric Project provides a valuable flexible resource that will help PSE integrate additional renewable energy as it continues to make progress to its capacity and decarbonization goals.

In February, PSE announced the extension of an agreement with the Confederated Tribes of the Colville Reservation and Douglas County PUD, in which PSE receives 5.5 percent of the Tribe's share from the Wells Hydroelectric Project from 2018 to 2029.

PSE is committed to working together to create a cleaner energy future for all while setting an aspirational goal to be a Beyond Net Zero Carbon company by 2045. PSE will target reducing its own carbon emissions to net zero and go beyond by helping other sectors to enable carbon reduction across the state of Washington.

Puget Sound Energy is proud to serve our neighbors and communities in 10 Washington counties. We're the state's largest utility, supporting approximately 1.2 million electric customers and 900,000 natural gas customers. We aspire to be a beyond net zero carbon energy company by 2045.

For more about us and what we do, visit pse.com. Also follow us on Facebook and Twitter.

Media Contact:
Andrew Padula, 1-888-831-7250, psenewsroom@pse.com

For more information

Puget Sound Energy
10885 NE 4th St
Bellevue Washington
United States 98009-9734
www.pse.com


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