Hunton Andrews Kurth Advises Initial Purchasers in Connection with Puget Energy, Inc.’s $650 Million Senior Secured Notes Offering

Hunton Andrews Kurth LLP acted as counsel to the initial purchasers in connection with Puget Energy, Inc.’s (the “Company”) issuance of $650 million aggregate principal amount of its 4.100% Senior Secured Notes due 2030 (the “Senior Secured Notes”). The Senior Secured 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 Pete O’Brien, Christina Kwon, Brendan P. Harney, Michelle G. Chan and Flavia Vehbiu. Robert J. McNamara and Tim Strother provided tax advice. Jason Harbour provided bankruptcy advice and Leslie A. Okinaka provided ERISA advice.