BEFORE THE WASHINGTON UTILITIES AND TRANSPORTATION COMMISION

In the Matter of the Request of 
PUGET SOUND ENERGY, INC.,
For an Order Establishing Compliance with RCW 80.08.040 with respect to the 
proposed issuance and sale of up to $500,000,000 principal amount of senior 
notes subordinated debentures and/or trust preferred securities.
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)	DOCKET NO. UE-001546
		ORDER ESTABLISHING COMPLIANCE WITH 
		RCW 80.08.040 

      BACKGROUND 
1        On October 13, 2000, Puget Sound Energy, Inc., (“PSE” or the “ 
Company”), filed an application with the Commission under the provisions of RCW 
80.08.040 for an order establishing compliance with the requirements of that 
statute. The filing concerns the Company’s proposed offering, issuance, and 
sale from  time to time by the Company, or Puget Sound Energy Capital Trust II 
which the Company will control, of up to $500,000,000 principal amount of 
senior notes, subordinated debentures and/or trust preferred securities.
2       RCW 80.08.040 requires the Company to file certain information with the 
Commission and authorizes the Company, at its option, to request the Commission 
to enter an order that the Company has complied with the requirements of RCW 
80.08.040. The Company has filed the information required by RCW 80.08.040 and 
has requested that the Commission confirm that the Company has complied with 
the Requirements of  RCW 80.08.040.

3        This matter was brought before the Commission at its October 25, 2000, 
regularly scheduled open meeting. The Commissioners, having been fully advised 
in the matter, and having determined the following order to be  consistent with 
RCW 80.08.040 directed the Secretary to enter the following order and related 
provisions.
FINDINGS 
                  THE COMMISSION FINDS: 
4  Puget Sound Energy, Inc., 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.
        
5          As to form, the application and information filed herein meet the 
requirements of chapter 80.08 RCW and the rules and regulations the Commission 
adopted pursuant thereto.
6      The Company’s application in this Docket contains: (a) a description of 
the purpose for which the issuance is made and a certification by an officer 
that proceeds from such financing are for one or more of the purposes allowed 
by chapter 80.08 RCW; (b) a description of the proposed issuance, including the 
terms of financing;  and (c) a statement as to why the proposed transaction is 
in the public interest.
7       An order consistent with the above findings should be entered.
ORDER
         The COMMISSION ORDERS: 
8       Puget Sound Energy, Inc., has complied with the requirements of RCW 
80.08.040. 
9       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 25th day of October, 2000.
WASHINGTON UTILITIES AND TRANSPORTATION COMMISSION
      CAROLE J. WASHBURN 
      Secretary