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.
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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.