Hunton Andrews Kurth LLP acted as counsel to the initial purchasers in connection with Puget Energy, Inc.'s (the "Company") issuance of $600 million aggregate principal amount of its 5.725% Senior Secured Notes due March 15, 2035 (the "Notes"). The Notes are secured by a security interest in (i) all shares of common stock of Puget Sound Energy, Inc. ("PSE"), a wholly-owned operating subsidiary of the Company and (ii) all of the Company's equity interests owned by Puget Equico LLC, the Company's parent company.

The Company is an energy services holding company incorporated in the state of Washington in 1999. Substantially all of the Company's operations are conducted through its regulated subsidiary, PSE, a utility company. PSE furnishes electric and natural gas service in a territory covering approximately 6,000 square miles, principally in the Puget Sound region of the state of Washington. On December 31, 2024, PSE had approximately 1,246,000 electric customers and approximately 881,000 gas customers.

The Hunton team included Peter K. O’Brien, Brendan P. Harney, Reuben H. Pearlman and Gabrielle Kraushaar. Robert McNamara, William Freeman, Caitlin Scipioni and Katherine Gallagher provided tax advice. Leslie A. Okinaka provided ERISA advice.​