BELLEVUE, Wash.--(BUSINESS WIRE)--Puget Sound Energy [utility subsidiary of Puget Energy (NYSE:PSD - News)] today announced that it has completed the purchase of a 125-megawatt (MW) power plant in northwest Washington to help the company meet its customers’ steadily growing electricity demands.The utility bought the natural-gas-fired power plant in Sumas, Wash., from Sumas Cogeneration Co., a subsidiary of National Energy Systems Co., based in Kirkland, Wash.
“This acquisition not only gives our customers another efficient, clean-burning source of power right here in our service territory, but the plant comes already connected to PSE’s power-transmission grid and has direct pipeline access to the region’s natural gas supply,” said Kimberly Harris, PSE executive vice president and chief resource officer.
The approximately $30 million transaction also gives PSE part ownership in a 3.7-mile pipeline that brings natural gas to the Sumas plant from the main Canadian gas-transmission pipeline into Washington state.
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