The following is a release from Puget Sound Energy:

The Washington Utilities and Transportation Commission (WUTC) has reaffirmed  the return on equity (ROE) level it set for Puget Sound Energy in 2013.

The Commission says the ROE is “fully supported by the evidence” and “results in rates for PSE during the term of the rate plan that are fair, just, reasonable, sufficient, and neither unduly preferential nor discriminatory.” The Commission issued a final order on June 29, resulting in PSE’s ROE remaining at 9.8 percent, continuing a rate first established in 2011.

In July 2014, a Thurston County Superior Court judge sent the case back to the WUTC for further review. The state utility commission then re-examined the ROE evidence and last week upheld original ruling. This order concludes a regulatory proceeding that’s lasted nearly two years.