| Summary |
Amendment No. 3 to an Affiliated Interest Agreement between Puget Western Inc. (PWI) and Puget Sound Energy reflecting the purchase by PSE of real property from PWI. The property is located in North Bend and is being purchased in order to construct a training facility to support PSE's natural gas and electric operations. The purchase price of the property is supported by a third-party independent appraisal dated January 29, 2021. PSE desires to extend this transaction in order to continue feasibility studies that are necessary to ensure the property will satisfy its intended purpose. The Third Amendment provides an outside closing date to be determined by PSE that is reasonably acceptable to PWI but will be on or before November 7, 2022. |
