UNITED
STATES
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
Date of
report (Date of earliest event reported): March 10, 2005
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Exact
name of registrant as specified |
I.R.S. |
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in
its charter, state of incorporation, |
Employer |
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Commission |
address
of principal executive offices, |
Identification |
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File
Number |
Telephone |
Number |
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1-16305 |
PUGET
ENERGY, INC. |
91-1969407 |
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A
Washington Corporation. |
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10885
- N.E. 4th Street, Suite 1200 |
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Bellevue,
Washington 98004-5591 |
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(425)
454-6363 |
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______________
Check the
appropriate box below if the Form 8−K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting
material pursuant to Rule 14a−12 under the Exchange Act (17 CFR
240.14a−12)
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Pre−commencement
communications pursuant to Rule 14d−2(b) under the Exchange Act
(17 CFR 240.14d−2(b))
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Pre−commencement
communications pursuant to Rule 13e−4(c) under the Exchange Act
(17 CFR 240.13e−4(c))
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Section
7 - Regulation FD
Item
7.01 Regulation FD Disclosure
On March
10, 2005, the Company issued the following press release.
Puget
Energy Announces 2005 and 2006 Earnings Guidance
Steady
earnings growth expected from regulated utility
BELLEVUE,
Wash., (Mar. 10, 2005) — Puget Energy (NYSE:PSD) today provided earnings
guidance from continuing operations for calendar year 2005 of between $1.30 and
$1.40 per diluted share, and for 2006, a target of between $1.40 and $1.55 per
diluted share.
“Building
on our commitment to enable Puget Sound Energy, our regulated, vertically
integrated utility business, to drive the company’s growth initiatives, we have
set the platform for increasing value to Puget Energy shareholders in 2005 and
beyond,” said Puget Energy President and CEO Stephen P. Reynolds.
“Our
continued progress on our mission to invest in new energy resources and upgraded
infrastructure to meet the needs of our growing customer base in the vibrant
Puget Sound region will result in an attractive shareholder return” added
Reynolds.
Stephen
Reynolds - President and CEO and Bertrand Valdman - Senior Vice President
Finance and CFO will host a conference call to discuss the company's 2005 and
2006 earnings guidance on Friday, March 11, 2005 at 10:00 a.m. EST. The
conference call will be webcast live over the Internet at our website
www.pse.com. A
taped replay of the conference will be available until midnight Friday, March
18, 2005 Eastern Time. The replay may be accessed toll free by dialing
1-888-286-8010 and using the access code 32504366. This event will be archived
at our corporate website and available for replay approximately 2 hours
following the webcast.
Puget
Energy is an energy services holding company that conducts all of its operations
through its subsidiaries, PSE and InfrastruX Group. PSE is a regulated utility
company that generates, purchases and sells electricity; and purchases,
transports and sells natural gas. The service territory of PSE covers
approximately 6,000 square miles, principally in the Puget Sound region of
Washington State.
InfrastruX
specializes in contracting services to other gas and electric utilities
primarily in the Midwest, Texas, and the south-central and eastern United States
regions. In early 2005, Puget Energy completed a strategic review of InfrastruX
and determined to monetize its investment in this business.
Investors
are encouraged to read the financial statements and disclosures that are
contained in Puget Energy's 2004 Form 10-K filed with the Securities and
Exchange Commission (SEC) for further details. Puget Energy's 2004 Form 10-K is
available through the SEC’s website at www.sec.gov or the
Company’s website at www.pse.com.
CAUTIONARY
STATEMENT: Certain statements contained in this press release are
“forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995, among which include Puget Energy’s earnings
guidance for the years-end 2005 and 2006, and plans with respect to InfrastruX
and any proceeds from its possible sale or monetization. Forward-looking
statements are based on the opinions and estimates of management at the time the
statements are made and are subject to certain risks and uncertainties that
could cause actual results to differ materially from those anticipated in the
forward-looking statements. Factors that could affect actual results include,
among others, governmental policies, regulatory actions and weather conditions.
More information about these and other factors that potentially could affect the
company’s financial results is included in Puget Energy's and PSE's most recent
annual report on Form 10-K, quarterly report on Form 10-Q and in their other
public filings filed with the Securities and Exchange Commission. Except as
required by law, Puget Energy and PSE undertake no obligation to update any
forward-looking statements.
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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.
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/s/
James W. Eldredge |
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James
W. Eldredge |
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Corporate
Secretary and
Chief
Accounting Officer |
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Date:
March 10, 2005 |
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