Puget Energy: MEDIA RELEASE: Puget Energy announces Sustainable Financing Framework to fund clean energy commitment

Bellevue, Wash., May 10, 2023 (GLOBE NEWSWIRE) -- Puget Energy, the parent company of Puget Sound Energy, has established a Sustainable Financing Framework to enable Puget Energy or any of its subsidiaries to issue Green, Sustainable or Social Bonds or other financial instruments for investment in new or existing projects or assets that are aligned with the company's environmental, social and governance (ESG) strategy and that meet the eligibility requirements outlined in the Framework. Sustainable financing proceeds will be allocated to eligible project categories including renewable energy, energy efficiency, clean transportation, climate change adaptation, biodiversity conservation, water and wastewater management, pollution prevention and control, green innovation and socio-economic advancement. Investment in renewable energy and associated infrastructure is in alignment with and driven by the requirements of Washington State's Clean Energy Transformation Act (CETA), Climate Commitment Act (CCA) and Clean Fuel Standard (CFS). "The clean energy transition is both the challenge and the opportunity of our time," said Mary Kipp, chief executive officer of Puget Energy and Puget Sound Energy. "PSE is committed to transforming our energy systems in a way that benefits all communities and preserves our environment for generations to come.""The Sustainable Financing Framework aligns our financing strategies to our operational strategies for decarbonizing our energy resources to meet Washington state's clean energy policies and our own aspirational, climate-leading goals," said Kazi Hasan, executive vice president and chief financial officer for Puget Energy. "We expect that an increasing share of future financings of our decarbonization investments will be conducted ...Full story available on Benzinga.com