Friday, July 14, 2017

Microsoft and Puget Sound Energy Receive Approval For Energy Purchasing Agreement

Microsoft Corp. and Puget Sound Energy (PSE) announced that the Washington Utilities and Transportation Commission (WUTC) has formally approved a new contract that will allow Microsoft to directly purchase clean energy to power its 15 million-square-foot Puget Sound region campus. The terms of the contract stipulate that Microsoft will buy only carbon-free energy; purchase renewables at a level greatly in excess of the Renewable Portfolio Standards percentages established by the Washington Energy Independence Act (I-937), more than doubling that standard in 2021; and take significant actions to protect ratepayers, including payment of a substantial transition fee and ongoing funding for conservation and low-income programs. Microsoft will continue to utilize PSE’s distribution system.