PUGET SOUND ENERGY, INC. (a Washington corporation)Purchase Agreement • November 22nd, 2011 • Puget Sound Energy Inc • Electric services • New York
Puget Sound Energy, Inc., a Washington corporation (the “Company”), confirms its agreement with RBS Securities Inc. (the “Underwriter”), with respect to the issue and sale by the Company and the purchase by the Underwriter of $45,000,000 aggregate principal amount of the Company’s 4.700% Senior Notes, due November 15, 2051 (the “Securities”). The Securities are to be issued as a separate series of notes under the senior note indenture dated as of December 1, 1997, as supplemented by a fourth supplemental indenture dated as of May 1, 2003 (the “Indenture”) between the Company and U.S. Bank National Association, as senior note trustee (the “Trustee”). Until the Substitution Date (as defined in the Indenture), the Securities will be secured by a series of the Company’s first mortgage bonds (the “Pledged Bonds”) issued pursuant to the Company’s electric utility mortgage. Notes issued in book-entry form will be issued to Cede & Co. as nominee of The Depository Trust Company (“DTC”) pursuant
