Merry Christmas, Puget Sound Energy customers.
The utility has announced a pair of credits that will be applied to December and January bills, saving the average residential electric customer about $40.
The total amount to be paid to PSE customers will be $59.2 million, which includes interest that has accrued, according to a news release this week.
Every current PSE electric customer, residential and business, will receive the credit, and customers need take no action. The credits will appear automatically.
In October, the state Utilities and Transportation Commission approved the distribution to customers of $52.7 million, plus interest, from the proceeds of PSE’s sale of its Jefferson County infrastructure.
The UTC approved PSE’s request to distribute the credit through a one-time payout during winter, since it will be a benefit to customers when electric bills are typically higher due to colder weather and shorter daylight hours.
PSE provides electricity to more than 1.1 million customers in eight counties: Island, King, Kitsap, Kittitas, Pierce, Skagit, Thurston, and Whatcom.