Hunton Andrews Kurth Advises Underwriters in Connection with Puget Energy, Inc.’s $450 Million Senior Secured Notes Offering

Hunton Andrews Kurth LLP acted as counsel to the underwriters in connection with Puget Energy, Inc.'s (the “Company”) SEC-registered issuance of $450 million aggregate principal amount of its 4.224% Senior Secured Notes due 2032 (the “Notes”). The Notes are secured by a security interest in (i) all shares of common stock of Puget Sound Energy, Inc. (“PSE”), a wholly-owned operating subsidiary of the Company and (ii) all of the Company's equity interests owned by Puget Equico LLC, the Company's parent company.

The Company is an energy services holding company incorporated in the state of Washington in 1999. Substantially all of the Company's operations are conducted through its regulated subsidiary, PSE, a utility company and the oldest and largest electric and natural gas utility headquartered in the state of Washington. PSE is primarily engaged in the business of electric transmission, distribution, generation and natural gas distribution, furnishing electric and natural gas services to residential and commercial customers within a service territory covering approximately 6,000 square miles, principally in the Puget Sound region of the state of Washington.

The Hunton Andrews Kurth team included Peter K. O’Brien, S. Christina Kwon, Brendan P. Harney and Reuben H. Pearlman. Robert J. McNamara and Tim Strother provided tax advice.