Provincially regulated wholesale price increase takes effect June 1 in Ontario

The city-owned utility, known for its efficiency and low rates, wants its 160,000 customers to know that rates are rising and it is the Ontario Government, not local distribution costs, that is behind the significant increase.

BELLEVUE, Wash., June 5, 2001 — Citing the potential for annual electricity-cost savings of up to $15 billion, Puget Sound Energy President and Chief Executive Officer William S. Weaver today told utility CEOs that nationwide implementation of real-time electricity pricing will lead to lower costs, more efficient use of energy and benefits for the environment.

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