UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM

~~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): ~~June 11~~April 10, ~~2024~~2025

PUGET SOUND ENERGY, INC.


Commission File Number	Exact name of registrant as specified in its charter, state of incorporation, address of principal executive offices, telephone	I.R.S. Employer Identification Number

1-16305	PUGET ENERGY, INC.	91-1969407

A Washington Corporation


	A Washington Corporation 355 110th Ave NE Bellevue, Washington 98004-5591 425-454-6363

1-4393	PUGET SOUND ENERGY, INC.	91-0374630

~~(Exact~~A ~~name~~Washington ofCorporation355 ~~registrant~~110th asAve ~~specified~~NEBellevue, inWashington ~~its charter)~~98004-5591425-454-6363

Check the appropriate box below if the Form

1-4393		355 110th Ave NEBellevue, WA 98004		91-0374630
(CommissionFile Number)		(State of incorporation,address of principal executive offices)		(I.R.S. EmployerIdentification Number)

8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

(425) 454-6363

(Telephone)

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:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading symbol(s)	Name of each exchange on which registered
N/A	N/A	N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule

~~Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule~~ 12b-2 ~~of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).~~

of the Securities Exchange Act of 1934.

Emerging growth ~~company~~Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 85.~~01.~~02 ~~Other~~Departure ~~Events~~of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

OnEffective ~~June~~April 1110, ~~2024~~2025, ~~Puget~~the ~~Sound~~Boards ~~Energy, Inc. (“Puget Sound Energy”) consummated its public offering~~ of ~~$400,000,000~~Directors ~~principal amount of 5.330% Senior Notes due June 15, 2034~~ (the “~~2034 Senior Notes~~Boards”) ~~and $400,000,000 principal amount~~ of ~~5.685%~~Puget ~~Senior Notes due June 15~~Energy, 2054 (the “2054 Senior Notes” and, together with the 2034 Senior Notes, the “Senior Notes”) pursuant to a purchase agreement dated June 4, 2024 (the “Purchase Agreement”) with BofA Securities, Inc., ~~Mizuho Securities USA LLC, MUFG Securities Americas Inc.,~~ and ~~U.S.~~Puget ~~Bancorp~~Sound ~~Investments~~Energy, Inc., ~~and each of the other underwriters named in Schedule A thereto~~ (~~collectively~~together, the “~~Underwriters~~Companies”). ~~The~~appointed ~~Senior~~Bertrand ~~Notes~~(Bert) ~~were~~A. ~~issued~~Valdman ~~under an Indenture dated~~ as ~~of December 1, 1997, as supplemented by~~ a ~~Fifth~~director ~~Supplemental Indenture thereto, dated as~~ of ~~May 23, 2018, between~~ the ~~Company and U~~Companies.S. ~~Bank~~The ~~National~~Boards ~~Association,~~have asnot ~~trustee.~~yet ~~Puget~~determined ~~Sound Energy intends to use~~ the ~~proceeds~~board ~~from~~committee ~~the issuance of the 2034 Senior Notes to pay down its outstanding commercial paper and for general corporate purposes and from the issuance of the 2054 Senior Notes to fund new~~ or ~~existing~~committees, ~~eligible~~if ~~projects~~any, ~~under~~on ~~Puget~~which ~~Energy, Inc~~Mr.’s Valdman ~~Sustainable~~will ~~Financing Framework~~serve.

~~The~~Mr. Valdman, ~~Senior~~age ~~Notes~~62, ~~were~~currently ~~registered~~serves ~~pursuant~~as tothe President & CEO of NorthStar Energy, a ~~registration~~leading ~~statement~~provider ~~(Registration~~of ~~No. 333-266649)~~fuel onoptions ~~Form~~to ~~S-3~~communities ~~under~~from Alaska to Hawaii to California and throughout the ~~Securities~~Northwestern ~~Act~~US ofand ~~1933~~Northern ~~that~~Rockies. ~~Puget~~Prior ~~Sound~~to ~~Energy~~this ~~filed~~role, onhe ~~August~~was the President 8& CEO of Optimum Energy, ~~2022~~the leading provider of data-driven cooling and ~~that~~heating ~~was~~optimization ~~declared~~solutions ~~effective~~for byenterprise facilities and the USenior Vice President of Strategic Planning at Edison International.S. ~~Securities~~He ~~and~~brings ~~Exchange~~over ~~Commission~~35 (years of experience in the ~~“Commission”)~~energy onindustry ~~August 23~~in various roles, ~~2022~~including ~~(the~~Executive ~~“Registration~~Vice ~~Statement”)~~President, COO, and CFO for Puget Sound Energy, and Managing Director for JP Morgan’s investment banking group in New York and Paris. ~~The~~In ~~Registration~~addition, ~~Statement~~Mr. Valdman ~~was~~serves ~~supplemented~~on bythe aboard ~~Prospectus~~of ~~Supplement~~the ~~setting~~Seattle ~~forth~~Art Museum, is the ~~terms~~Chair of the ~~Senior~~Finance ~~Notes~~Committee ~~that~~of ~~Puget~~the ~~Sound~~Space ~~Energy~~Needle ~~filed~~and ~~with~~is the ~~Commission~~Chair onof ~~June 4,~~the ~~2024~~Compensation Committee of the Anvil Corporation.

The compensation offered to Mr. Valdman for his service as a director of the Companies will be the same as that offered to all

Initially, each of the 2034 Senior Notes and the 2054 Senior Notes will be secured by a respective series of Puget Sound Energy’s electric utility first mortgage bonds, referred to as “Pledged First Mortgage Bonds,” which are secured by the Company’s electric utility property. The Pledged First Mortgage Bonds were issued under the Company’s First Mortgage, dated as of June 2, 1924, as supplemented by a Ninetynon-~~Second Supplemental Indenture thereto, dated as of May 1, 2013, between the Company and U.S. Bank National Association, as trustee.~~employee

independent board members of the Companies, pursuant to the director compensation schedule filed as Exhibit 10.32 to the Companies’ Annual Report on Form

~~The foregoing description of the Purchase Agreement is qualified in its entirety by reference to the Purchase Agreement, a copy of which is filed as Exhibit 1.1 to this Report.~~10-K

for the fiscal year ended December 31, 2024.

~~Perkins~~Scott ~~Coie~~Armstrong ~~LLP,~~provided ~~counsel~~notice of his intent to ~~Puget~~retire ~~Sound~~from ~~Energy,~~the ~~has~~Boards ~~issued~~and anas ~~opinion~~a member of the applicable Board committees on which he serves, ~~dated~~effective ~~June~~September 1130, ~~2024,~~2025. ~~regarding~~There ~~the~~were ~~legality~~no ofdisagreements between the ~~Senior~~Companies ~~Notes~~and Scott Armstrong that led to his decision to retire. A“We ~~copy~~are grateful for Scott’s many years of ~~the~~exemplary ~~opinion~~service as toChair ~~legality~~and isthe ~~filed~~valuable ascontributions ~~Exhibit~~he 5has made to the Companies,” said Mary E.1 ~~hereto~~Kipp, President and Chief Executive Officer of the Companies.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

ExhibitNumber		Description
1.1		Purchase Agreement dated June 4, 2024, between Puget Sound Energy, Inc. BofA Securities, Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., and U.S. Bancorp Investments, Inc., and each of the other underwriters named in Schedule A thereto.
5.1		Opinion of Perkins Coie LLP.
23.1		Consent of Perkins Coie LLP (included in Exhibit 5.1 hereto).
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the ~~registrant~~registrants ~~has~~have duly caused this report to be signed on ~~its~~their behalf by the undersigned hereunto duly authorized.

PUGET ENERGY, INC.

PUGET SOUND ENERGY, INC.

Dated: June 11, 2024

/s/ Jamie Martin

Dated: April 15, 2025

/s/ Lorna Luebbe

~~Jamie~~Lorna ~~Martin~~Luebbe

Senior Vice President, ~~and~~ Chief ~~Financial~~Sustainability Officer and General Counsel

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