September 26, 2016 10:14 AM ET


Company Overview of Puget Energy Inc.

Company Overview

Puget Energy, Inc., through its subsidiary, Puget Sound Energy, Inc., operates as a regulated electric and natural gas utility company. It engages in the generation, transmission, and distribution of electricity; and distribution of natural gas. The company produces electricity through coal, natural gas combined cycle and co-generation, wind, and hydroelectric resources. It sells electric and natural gas services to residential and commercial customers in a service territory covering approximately 6,000 square miles, primarily in the Puget Sound region of the state of Washington. The company was founded in 1912 and is headquartered in Bellevue, Washington. Puget Energy, Inc. operates as a su...

10885 NE 4th Street

Suite 1200

Bellevue, WA 98004

United States

Founded in 1912

2,800 Employees



Key Executives for Puget Energy Inc.

Chief Executive Officer, President, Director, Chief Executive Officer of Puget Sound Energy, President of Puget Sound Energy and Director of Puget Sound Energy
Age: 51
Chief Financial Officer, Senior Vice President, Chief Financial Officer of Puget Sound Energy Inc and Senior Vice President of Puget Sound Energy Inc
Age: 58
Chairman of InfrastruX and Chief Executive Officer of InfrastruX
Age: 80
Chief Ethics & Compliance Officer, Senior Vice President and General Counsel
Age: 54
Principal Accounting Officer and Controller
Age: 48
Compensation as of Fiscal Year 2016.

Puget Energy Inc. Key Developments

Puget Energy, Inc. and Puget Sound Energy, Inc. Announce Executive Changes

On May 5, 2016, the Boards of Directors of Puget Energy Inc. and its wholly owned subsidiary, Puget Sound Energy Inc. appointed Matthew Marcelia to serve as Controller and Principal Accounting Officer, effective May 16, 2016. Mr. Marcelia replaces Michael J. Stranik, who on May 5, 2016, the Board appointed to serve as Director, Financial Planning & Budgeting, also effective May 16, 2016. Prior to his appointment as Controller and Principal Accounting Officer, Mr. Marcelia, 48, has served as Director, Tax of the Company since January 2005. Previously, he served as Manager, Tax of the Company from 2003 to 2005, and prior to that he was a tax manager with PricewaterhouseCoopers LLP.

Puget Sound Energy Inc. Announces Executives Changes

Effective March 1, 2016, the sole shareholders of Puget Energy Inc. and Puget Sound Energy Inc. appointed and elected Etienne Middleton to the Boards of Directors of the Companies. Mr. Middleton was appointed to replace Daniel Fetter, who resigned from the Boards effective the same day. Mr. Middleton will serve on the Puget Energy Inc. Compensation and Leadership Development Committee, the Puget Energy Inc. and Puget Sound Energy Inc. Asset Management Committees and the Puget Energy Inc. Securities Pricing Committee. Mr. Middleton is currently the Senior Principal, Private Infrastructure with Canada Pension Plan Investment Board.

Puget Energy Inc. and Puget Sound Energy Inc. Announce Resignation of Drew Murphy from its Board, Effective August 31, 2015

On August 20, 2015, Drew Murphy tendered his resignation from the Boards of Directors of Puget Energy Inc. and Puget Sound Energy Inc., with such resignation effective on August 31, 2015.

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