BEFORE THE WASHINGTON UTILITIES AND TRANSPORTATION COMMISSION


In the Matter of the Application of

PUGET SOUND ENERGY, INC.

For Revision of Schedule 80 Pursuant to Conservation Asset Transaction		
		DOCKET NO. UE-000108
		
		ORDER APPROVING 
		PERIODIC ADJUSTMENT 

   
BACKGROUND

  On January 28, 2000, Puget Sound Energy, INC. (“PSE” or “the Company”) filed 
a Periodic Adjustment Application with the Commission which:

  1. Referred to Commission Order in Docket No. UE-971088 (the “Initial
Commission Order”) issued in connection with the Pooling and Servicing 
Agreement dated June 27, 1997, a copy of which is attached as Appendix A to the 
Initial Commission Order (the “Agreement”) All terms used herein without 
definition take their respective meanings from the Agreement.
 , and declared that a Variance exists under the Agreement;

  2. Sought a Revised Tariff in an amount equal to the Revised Tariff
Amount; and

  3. Set forth the Company’s determination that the Revised Tariff Amount is
$12,080,416.13, requiring a revision to Schedule 80, on the terms set forth 
immediately below, such Revised Tariff to remain in effect until the earlier of 
(a) the next Rate Adjustment, at which time the allocation amounts set forth in 
a subsequent Revised Tariff shall take effect, or 
(b) December 31, 2001:

       Monthly Allocation Amount
  March 1, 2000 to July 1, 2001 to
Customer Schedule June 30, 2001 Dec 31, 2001
Residential Schedule 7 $0.29 $0.02
Secondary Service  Schedule 24 $0.63 $0.04
Secondary Service Schedule 25 & 29 $9.58 $0.63
Secondary Service Schedule 26 $68.37 $4.48
Primary Service Schedule 31, 35 & 43 $64.622  $4.23
High Voltage Schedule 46, 48 & 49 $2,350.942 and 3 

Allocations to the Trust for those customers taking service under special 
contract or Schedule 48 are based on allocations to the Schedules such 
customers were on prior to taking service under special contract or Schedule 
48. $153.21
Lighting Service Lighting Schedules $0.20 $0.01

FINDINGS OF FACT
   
  THE COMMISSION FINDS:

  1. PSE is engaged in the business of furnishing electric and gas service 
within
the state of Washington as a public service company, and is subject to the 
jurisdiction of this Commission.

  2. In Docket UE-971088 the Commission issued an order dated July 25, 1997,
which approved the Conservation Asset Transaction and procedures for periodic 
revision of Schedule 80.

  3. On January 28, 2000, PSE filed a Periodic Adjustment Application for
revision of Schedule 80 in accordance with the mechanisms set forth in the 
Conservation Asset Transaction. 

ORDER

  THEREFORE, THE COMMISSION HEREBY ORDERS:
  
  1. Approval is hereby given for the Revised Tariff on the terms set forth, in
Background paragraph 3 above.

  2. The Commission retains jurisdiction over the subject matter and Puget Sound
Energy to effect the provisions of the order.

  DATED at Olympia, Washington, and effective this ___ day of February, 2000.

  WASHINGTON UTILITIES AND TRANSPORTATION COMMISSION




        Carole J. Washburn
        Executive Secretary