PSE IN MONTANA:
Working Together Toward Innovative Solutions
OUR PROMISE
Colstrip Community Fund
OUR COMMITMENT
A Clean Environment
OUR PARTNERS
Montana Energy Producers
Puget Sound Energy has worked in Montana for decades. On top of honoring its outlined obligations, PSE was the first Colstrip owner to set aside funding for community transition planning efforts. PSE voluntarily secured $10 million through its 2017 General Rate Case to create the Colstrip Community Fund.
PSE was proud to lead the commitment to support the broader Colstrip community during this time of transition and opportunity.
In establishing the fund, PSE engaged with the community and participated in Colstrip Community Impact Advisory Group (CCIAG) planning meetings in the City of Colstrip and attended community listening sessions in Colstrip, Forsyth and Lame Deer over the span of 10 months. Learn more about the Colstrip Community Fund here > > >
Puget Sound Energy is committed to paying its share of prudent decommissioning and remediation costs associated with Colstrip at the appropriate time. PSE is the first owner to establish a separate funding mechanism for cleanup – placing $95 million in existing PSE federal tax benefits and grant dollars into a retirement account to fund prudently incurred decommissioning and remediation costs.
An additional $240 million stemming from existing federal tax benefits has been set aside for customer costs associated with Colstrip Units 1-4 including decommissioning and remediation.
This type of forward planning demonstrates PSE's commitment to its share of prudent decommissioning and remediation costs. Montanans will not have to worry about paying for PSE's cleanup obligations.
As PSE works to meet statutory clean energy obligations outlined in Washington’s Clean Energy Transformation Act and aspires to be a Beyond Net Zero carbon company by 2045, Montana can continue to play a strategic role by providing a diverse supply of clean, reliable and renewable energy. Learn more here > > >
As part of this clean energy transition, PSE continues to partner with energy producers in the state of Montana. Recent examples include power purchase agreements signed with Energy Keepers, Inc., the tribally owned corporation of the Confederated Salish and Kootenai Tribes for hydroelectric power, and an agreement with NextEra, Montana’s largest windfarm Clearwater Wind, based in Rosebud, Custer and Garfield Counties. Learn more about these projects here > > >
Energy Keepers, Inc.
Selis Ksanka Qlispe hydroelectric project
Polson, Montana