A recent Seattle Times opinion page Editorial, Clean Energy Act is Driving PSE bills skyward. Balance must be struck” details problems with the state’s ACT. That the 2019 Clean Energy Transformation Act (CETA) will increase the cost for PSE customers to $166
for an average home and 800 kilowatt hours a month, far more than Seattle’s $118, with the difference continuing to increase. That PSE was facing a “potential death spiral” by being a private utility with shareholders rather than a public utility requiring only a majority of three commissioners to operate.
It’s not clear what the Times means by “balance” and what benefits can be expected. Washington only emits 1.2% of the country’s 11% of planets, or ~0.12% of the total emissions. In 2023 the EIA estimated only 9.5 million metric tons (mmt) ` of the states ~80 mmt of the CO2 emissions came from electrical energy production. It’s unclear what part of thar PSE emitted, but any reduction would have little impact on Washington’s climate, especially since any benefit will be dwarfed by the jet stream from China’s 30% of the planet’s total emissions.
Whatever the result it’s unlikely PSE will experience a “death spiral”. They also provide the area’s natural gas thgough more than 26,000 miles of PSE-owned gas mains and service lines. That currently 800,000 gas customers in six counties use their service. What they currently provide with “no profit” for PSE can easily be implemented with a fee increase for those using natural gas throughtout area, including Seattle.