Speakers press UTC to cut PSE���s requested profit margin and scrutinize executive pay and special contracts
September 29, 2026 | Board Council Commission Agencies , Executive, Washington
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Numerous commenters urged the UTC to reduce PSE s requested return on equity (ROE) increase and to scrutinize executive compensation and special contract discounts.
Several witnesses said PSE is asking to raise ROE from 9.9% to 10.8%; Evan Moyer told the commission the proposal would increase investor returns while customers pay higher bills. "They're requesting to raise their return on equity from 9.9% to 10.8%," he said. Others urged the UTC to consider the attorney general's alternative ROE proposals and to disallow executive compensation and lobbying costs from rate recovery.
Speakers also highlighted special-contract discounts for large customers and asked the commission to evaluate whether those discounts shift costs to residential ratepayers.
Several witnesses said PSE is asking to raise ROE from 9.9% to 10.8%; Evan Moyer told the commission the proposal would increase investor returns while customers pay higher bills. "They're requesting to raise their return on equity from 9.9% to 10.8%," he said. Others urged the UTC to consider the attorney general's alternative ROE proposals and to disallow executive compensation and lobbying costs from rate recovery.
Speakers also highlighted special-contract discounts for large customers and asked the commission to evaluate whether those discounts shift costs to residential ratepayers.
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