Pricing Supplement No. 14 Rule 424(b)(2)
Dated May 24, 1994 File No. 33-53056
(To Prospectus dated October 21, 1992 and
Prospectus Supplement dated October 29, 1992)
$450,000,000
PUGET SOUND POWER & LIGHT COMPANY
Secured Medium-Term Notes, Series B
Due from Nine Months to Thirty Years from Date of Issue
Principal Amount: $30,000,000
Issue Price: 100%
Original Issue Date: May 27, 1994
Maturity Date: May 27, 2004
Interest Rate: 7.800%
Form: X Book Entry Certificated
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Redemption: X The Notes cannot be redeemed prior to maturity.
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The Notes may be redeemed prior to maturity.
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Initial Redemption Date: Not applicable
Agents' Discount or Commission: 0.625%
Additional Terms: None
