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AG Challenges PSE’s Massive Rate Hikes | Seattle News
Description
Washington’s Attorney General Nick Brown is launching a fierce legal challenge against Puget Sound Energy’s proposed 29% electricity and 20% natural gas rate hikes over three years, calling them excessive and unnecessary. Brown’s office argues PSE should only raise prices when absolutely essential—and has unveiled its own plan to slash customer bills by hundreds of millions: lower profit margins, shift costs to shareholders, and restructure how PSE calculates returns. If approved, these hikes could add $28.31 monthly to electric bills and $13.63 to gas bills by 2027—with costs climbing even higher by 2029. Already, rates have nearly doubled since 2020. The Washington Utilities and Transportation Commission must now decide whether these increases are fair, just, and in the public interest—or if customers deserve relief through the AG’s proposed reforms.
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