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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
December 12, 1996 December 11, 1996
____________________________________________________
(Date of earliest
event reported)
PUGET SOUND POWER & LIGHT COMPANY
(Exact name of registrant as specified in its charter)
Washington 1-4393 91-0374630
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification
incorporation) Number)
411 108th Avenue N.E., Bellevue, Washington 98004-5515
(Address of principal executive offices, zip code)
Registrant's telephone number, including area code:
206/454-6363
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ITEM 5 OTHER EVENTS
Puget Sound Power & Light Company and Washington Energy Company (through its
principal subsidiary, Washington Natural Gas Company) today (December 11,
1996) filed a stipulated settlement agreement in the companies' merger
proposal before the Washington Utilities and Transportation Commission
("Commission"). The settlement agreement was signed by the regulatory staff
of the Commission and by the Public Counsel Section of the Washington State
Office of the Attorney General, as well as by the two companies.
The next step in the regulatory process is a hearing on the stipulated
agreement, tentatively set for December 18, followed by the filing of final
briefs on January 3, 1997. The Commission is expected to render its decision
in early January. The Commission's decision is the only regulatory approval
required for completion of the merger. If the Commission's final order is
issued in a timely manner and is satisfactory to the Boards of Directors of
the respective companies, the merger could be effective January 31, 1997.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PUGET SOUND POWER & LIGHT COMPANY
Date: December 11, 1996 By
William S. Weaver
___________________________
William S. Weaver
Executive Vice President
and Chief Financial Officer
