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.