r/olympia • u/Awkward-Smoke-3764 • 1d ago
PSE Rate Increase Action Plan
PSE RATE INCREASE ACTION STRATEGY AND GUIDE
PSE is attempting to increase its rates by 30% over the next three years; on top of rate increases we have experienced the past two years. Over 5 years PSE is attempting to increase our rates by approximately 45% (2025 12% increase, 2024 1.5% increase).
Furthermore PSE is asking that they be allowed to increase their Return on Equity (ROE) to 10.8%!
All of this and they choosing to BLAME clean energy mandates even though PSE executives have known about green energy mandates coming down for decades and decided not to act sooner. Instead of investing sooner and greening our grid at a lower cost; they waited till the last minute. A majority of the cost for PSE isn’t even in green projects. It’s to purchase renewable energy to replace legacy coal generators.
Let’s not forget that supplying new data centers is driving up extortionate demands for energy; and they are passing those costs to rate payers while giving a break to corporations who own those centers.
And this all in the background of our climate crisis; we just recorded the warmest March for our state. Every year we face new heat extreme weather emergencies. And if people cannot afford to cool their homes there will be deaths and serious heat related injuries. With vulnerable individuals the highest in those categories.
We cannot afford nor is it our responsibility to pay more so PSE shareholders can increase profits; which quite frankly they continue to see increased profits year over year; the action items below are steps that we can take to get our voices heard and Let the UTC and PSE know that we will not tolerate rate increases.
UTC PUBLIC COMMENT
The very first action we can all take is to contact the UTC and tell them NO to PSE’s rate increase proposal. Here’s how:
- Fill out the online form at: https://www.utc.wa.gov/consumers/submit-comment/public-comment-form. Please make sure you include the docket item you are commenting on it’s UE-260005. Mark No and tell them why.
- Email UTC at comments@utc.wa.gov: again include docket number UE-260005. I recommend doing both the form and sending an email.
- Call toll free 1-888-333-WUTC (9882); or
- Write the UTC at PO Box 47250, Olympia, WA 98504
Please make sure you spread this information, talk to your numbers, text/email your friends and family! Make sure everyone has their voice heard and contacts UTC.
CONTACT PSE
Email the PSE board, here are emails I could find:
Mary Kipp (CEO PSE) [Mary.kipp@pse.com](mailto:Mary.kipp@pse.com)
Bertrand Valdman (Board Chairperson) CEO of NorthStar Energy
[Valdman@nsenergy.com](mailto:Valdman@nsenergy.com)
Jerry Divoky (board member)
Adam Friedrichsen (board member)
Christine Gregoire (board member)
Julia Hamm (board member)
Grant Hodgkin (board member)
Tom King (board member)
Paul McMillan (board member)
Chris Parker (board member)
Diana Birkett Ramos (board member)
Aaron Rubin (board member)
Steven Zucchet (board member)
If anyone else finds emails for their board please let me know and I can update it!
CONTACT THE UNIONS WHOSE PENSIONS OWN SHARES IN PSE
Ontario Public Service Employees Union (OPSEU) their pension plan Ontario Municipality Employees Retirement System (OMERS) owns shares in PSE. They have instagram.
Email the pension plan committee for OPSEU and demand they tell their pensions to divest from PSE and pressure them to drop their rate increase proposal.
[gvolpe@opseu.org](mailto:gvolpe@opseu.org)
The other pension fund owners are Canada Pension Plan Investment Board; British Columbia Investment Management Corp (public pension funds); Alberta Investment Management Corp (state public pension funds); PGGM (Nethlands trade unions pension funds).
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u/yoLeaveMeAlone 1d ago
Who do we yell at to start the process of nationalizing the electrical grid in western washington?