PORT HADLOCK – Jefferson County Public Utility District leaders see Friday’s acquisition of Puget Energy Inc., parent company of Puget Sound Energy, as a possible opportunity to provide electricity to most of East Jefferson County.
The PUD now provides only water service in areas outside the city of Port Townsend.
But localizing electricity service to Jefferson County – as is done by Clallam County PUD next door – is definitely worth serious consideration, PUD commissioners said Monday.
The matter will be placed on the commissioners’ agenda for discussion Nov. 7.
Puget Energy – which through PSE provides electricity to Port Townsend and the rest of East Jefferson County north of Mount Walker – has agreed to be acquired and taken private by a consortium of U.S. and Canadian investors for $30 per share in cash.
The buyout is worth $7.4 billion, including debt, the company said Friday.
It is subject to state regulatory approval.
The offer was led by New York-based Macquarie Infrastructure Partners, the Toronto-based Canada Pension Plan Investment Board and British Columbia Investment Management Corp.
Other investors include Alberta Investment Management, Macquarie-FSS Infrastructure Trust and Macquarie Bank Ltd.
