BEFORE THE WASHINGTON UTILITIES AND TRANSPORTATION COMMISSION


In the Matter of the Application of   ) DOCKET UE-960133
PUGET SOUND POWER & LIGHT COMPANY for )
an order establishing compliance with   ) ORDER GRANTING
RCW 80.08.040 with respect to the    ) APPLICATION
issuance of short-term borrowings   )
not to aggregate more than $250,000,000  )
at any one time.   )



 On January 11, 1996, Puget Sound Power & Light Company (Puget) filed an 
application requesting an order establishing compliance with RCW 80.08.040 with 
respect to the proposed issuance from time to time through December 31, 1996 of 
short-term borrowings not to aggregate more than $250,000,000 at any one time.  
Short-term borrowings may include promissory notes issued under three bank 
credit facilities.  Puget also issues commercial paper supported by these 
committed bank facilities up to a maximum limit of $176,500,000.  In addition, 
Puget also has arrangements with banks for short-term borrowing on an 
uncommitted, as available, basis at money-market rates quoted by the banks.  
The Board of Directors of Puget has limited the amount of such borrowings on a 
money-market basis, together with borrowings under its committed credit 
facilities and commercial paper, to $250,000,000 outstanding at any one time.


FINDINGS

 THE COMMISSION FINDS:

 1. Puget Sound Power & Light Company, a Washington corporation which conducts 
its electric utility operations in the State of Washington, is a public service 
company subject to the jurisdiction of this Commission under the provisions of 
Chapter 80.08 RCW.

 2. As to form, the application herein meets the requirements of Chapter 80.08 
RCW and the rules and regulations of the Commission adopted pursuant thereto.

 3. The proposed short-term borrowings will be used for a legal and proper 
purpose.

 4. An order consistent with the above findings should be entered.








O R D E R


 THE COMMISSION ORDERS:

 1. Puget Sound Power & Light Company has complied with the requirements of 
RCW 80.08.040 with respect to the proposed issuance from time to time through 
December 31, 1996 of short-term borrowings not to aggregate more than 
$250,000,000 at any one time.

 2. This order shall in no way affect the authority of this Commission over 
rates, service, accounts, valuations, estimates or determination of costs, or 
any matters whatsoever that may come before it, nor shall anything herein be 
construed as an acquiescence in any estimate or determination of costs, or any 
valuation of property claimed or asserted.

 DATED at Olympia, Washington, and effective this 14th day of February 1996.


 WASHINGTON UTILITIES AND TRANSPORTATION COMMISSION




    STEVE McLELLAN
    Secretary