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Martha Monfried, 888-831-7250

Logo: http://www.pugetenergy.com

Puget Energy, the parent of Puget Sound Energy, today filed its Form 10-K for calendar year 2008 with the Securities and Exchange Commission. The filing provides the company's financial information for 2008.

An electronic copy of the Puget Energy Form 10-K will be available through the companies' Web sites at www.pugetenergy.com and www.pse.com as well as at the SEC's Web site at www.sec.gov.

Anyone requesting a printed copy of the Form 10-K may obtain it by calling Puget Energy at 425-462-3898 or by writing to Puget Energy, Attn: Financial Information, P.O. Box 97034, Bellevue, WA 98009-9734.

About Puget Energy

Puget Energy is the parent company of Puget Sound Energy, a regulated utility providing electric and natural gas service primarily to the growing Puget Sound region of Western Washington.

About Puget Sound Energy

Washington state's oldest and largest energy utility, with a 6,000-square-mile service area stretching across 11 counties, Puget Sound Energy serves more than 1 million electric customers and nearly 750,000 natural gas customers. PSE, a subsidiary of Puget Energy, meets the energy needs of its growing customer base through incremental, cost-effective energy conservation, low-cost procurement of sustainable energy resources, and far-sighted investment in the energy-delivery infrastructure. PSE employees are dedicated to providing great customer service to deliver energy that is safe, reliable, reasonably priced, and environmentally responsible. For more information, visit PSE.com.

CAUTIONARY STATEMENT: Certain statements contained in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, among which include PSE's plans relating to the timing and extent of its infrastructure investments and other factors that could impact Puget Energy's earnings. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Factors that could affect actual results include, among others, governmental policies and regulatory actions, including those of the Washington Utilities and Transportation Commission, and weather conditions. More information about these and other factors that potentially could affect the company's financial results is included in Puget Energy's and PSE's most recent annual report on Form 10-K and in their other public filings filed with the Securities and Exchange Commission. Except as required by law, Puget Energy and PSE undertake no obligation to update any forward-looking statements.

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