Item 8.01 Other Events.

Puget Energy, Inc. ("Puget Energy"), the parent company of Puget Sound Energy, Inc. ("PSE"), a regulated utility providing electric and natural gas service primarily to the Puget Sound region of western Washington, noted that on December 30, 2008, the Washington Utilities and Transportation Commission (the "Washington Commission") issued an order approving the pending acquisition of Puget Energy and PSE by Puget Holdings LLC ("Puget Holdings"), a consortium of long-term infrastructure investors. The order approves and adopts, subject to conditions, a multiparty settlement proposed by all but one of the parties to the proceeding.

The Washington Commission's order is now being reviewed by PSE and Puget Holdings. PSE and Puget Holdings have ten calendar days, or until January 9, 2009, to accept or reject the conditions included in the Washington Commission's order or to ask the Washington Commission to reconsider or clarify its decision. Other parties to the proceeding may also ask the Washington Commission to reconsider or clarify its decision, or if no such request is made, appeal the ruling to the superior court within 30 days.

The order issued by the Washington Commission is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) EXHIBITS.

99.1 Washington Commission Order

---