Electricity Rates. For Residential Customers

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Electricity Rates For Residential Customers Rates Effective November 1, 2010 If you would like information about our services, details about your rights and responsibilities, or a copy of our latest annual performance report card, please call us toll free at 1-888-225-5773 or visit us at PSE.com.

Rates Schedule 7 Residential Service Used principally for domestic purposes with service delivered through one meter to a single-family unit. May include limited incidental non-domestic use. Effective date: November 1, 2010. Basic Charge $7.25 single phase or $17.41 three phase per month First 600 kwh per month Energy Charge Base rate... 8.4991 per kwh Low Income Program... 0.0587 per kwh 8.5578 per kwh Electric Conservation Program Charge... 0.4617 per kwh Power Cost Adjustment... 0.0000 per kwh Energy Exchange Credit... (0.6292 ) per kwh Wind Power Production Credit... (0.0000 ) per kwh Merger Credit... (0.0374 ) per kwh Regulatory Asset Tracker... 0.2684 per kwh Renewable Energy Credit... (0.2626 ) per kwh Total Rate per kwh...8.3587 All over 600 kwh per month Energy Charge Base rate... 10.2974 per kwh Low Income Program... 0.0587 per kwh 10.3561 per kwh Electric Conservation Program Charge... 0.4617 per kwh Power Cost Adjustment... 0.0000 per kwh Energy Exchange Credit... (0.6292 ) per kwh Wind Power Production Credit... (0.0000 ) per kwh Merger Credit... (0.0374 ) per kwh Regulatory Asset Tracker... 0.2684 per kwh Renewable Energy Credit... (0.2626 ) per kwh Total Rate per kwh...10.1570

Schedule 7A Master Metered Residential Service Where service is delivered through one meter to multiple single family units located in a structure of four or more stories above ground level. Effective date: November 1, 2010. Basic Charge:...$ 50.41 per month Demand Charge: No charge for the first 50 kw of billing demand. For all over 50 kw of billing demand. Oct-Mar Apr-Sep $8.79 $5.86 per kw First 20,000 kwh Energy Charge: Base rate... 8.9007... 8.1068 Low Income Program... 0.0512... 0.0512 8.9519... 8.1580 per kwh Electric Conservation Program Charge...0.3972... 0.3972 per kwh Power Cost Adjustment...0.0000... 0.0000 per kwh Wind Power Production Credit...(0.0000 )...(0.0000 ) per kwh Merger Credit...(0.0192 )...(0.0192 ) per kwh Regulatory Asset Tracker...0.1762... 0.1762.per.kWh Renewable Energy Credit...(0.2837 )...(0.2837 ).per.kwh Total per kwh Charge... 9.2224...8.4285 All over 20,000 kwh Energy Charge: Base rate... 6.4116... 6.4116 Low Income Program... 0.0512... 0.0512 6.4628... 6.4628 per kwh Electric Conservation Program Charge...0.3972... 0.3972 per kwh Power Cost Adjustment...0.0000... 0.0000 per kwh Wind Power Production Credit...(0.0000 )...(0.0000 ) per kwh Merger Credit...(0.0192 )...(0.0192 ) per kwh Regulatory Asset Tracker...0.1762... 0.1762.per.kWh Renewable Energy Credit...(0.2837 )...(0.2837 ).per.kwh Total per kwh Charge...6.7333....6.7333 Reactive power charge: 0.276 per reactive kilovolt ampere-hour (KVARH). Schedule 120 Electric Conservation Program (Electricity Conservation Service Rider) This rate adjustment collects costs incurred for providing electricity conservation services. Schedule 129 Low Income Program This rate adjustment collects costs incurred for providing low income services. Schedule 132 Merger Credit (Merger Rate Credit) This rate adjustment passes through the rate credit made available following the merger completed in February 2009.

Schedule 133 Regulatory Asset Tracker This rate adjustment collects annual amortization for the Tenaska Generating Plant that is scheduled to end on December 31, 2011. Schedule 135 Green Energy Option Available to all customers as an option designed to provide customers an opportunity to purchase qualified alternative energy resources. Customers may purchase an unlimited number of blocks of green energy at $2.00 each in addition to all other charges contained in the rate schedule under which the customer receives service. A block is equivalent to a 160 kwh purchase. Monthly minimum purchase is two blocks per month. Schedule 137 Renewable Energy Credit (Temporary Customer Charge or Credit) This rate adjustment currently passes through a temporary credit from a portion of the proceeds of the sale of renewable energy credits. Schedule 194 Energy Exchange Credit (Residential and Farm Energy Exchange Benefit) The Energy Exchange Credit is the Federal Columbia River Benefits supplied by the Bonneville Power Administration for residential and small farm customers. Credits automatically are passed through to residential electricity customers. Farm customers must apply and qualify for the credit. Schedule 95 Power Cost Adjustment This rate adjustment reflects changes in power costs due to a variety of factors, including fluctuating costs of electricity in the wholesale market and purchases of electric generation resources. Schedule 95A Wind Power Production Credit (Production Tax Credit Tracker) This rate adjustment allocates the amount of the Production Tax Credit that is available to PSE for generating electricity from wind to customers.

Example How your bill is calculated The following example is provided to help you understand how the electricity you use is priced. Schedule 7 Residential Service For a customer who used 1,000 kwh during one month (assuming 30 days of service). *Basic Charge per month... $ 7.25 Energy Charge First 600 kwh x 8.5578... $ 51.35 Remaining 400 kwh x 10.3561... $ 41.42 Electric Conservation Program Charge 1,000 kwh x 0.4617... $ 4.62 Power Cost Adjustment 1,000 kwh x 0.0000... $ 0.00 Energy Exchange Credit 1,000 kwh x (0.6292 )... credit $ (6.29) Wind Power Production Credit 1,000 kwh x (0.0000 )... credit $ (0.00) Merger Credit 1,000 kwh x (0.0374 )... credit $ (0.37) Regulatory Asset Tracker 1,000 kwh x 0.2684...$ 2.68 Renewable Energy Credit 1,000 kwh x (0.2626 )... credit $ (2.63) Subtotal...$ 98.03 Effect of city tax (if any)... $ 0.00 Total bill... $ 98.03 *For Schedule 7, the Basic Charge covers meter reading, billing and other related fixed costs. Schedule 7 is referred to on customer bills as one of the following rates: 07-NFC-E, 07E, 17-NFC-E, 17E, 27-NFC-E, 27E, 37E, or 47E

All rates shown in this brochure are subject to change. For current PSE rates, please visit PSE.com PSE.com PUGET SOUND ENERGY P.O. Box 97034 Bellevue, WA 98009-9734 2008 Puget Sound Energy 1215 11/10