Article: DUKE/LOUIS DREYFUS AND PUGET POWER SIGN ENERGY MEMORANDUM OF UNDERSTANDING

BELLEVUE, Wash., July 28 /PRNewswire/ -- Puget Sound Power & Light Company (NYSE: PSD) and Duke/Louis Dreyfus LLC today announced they have signed a memorandum of understanding (MOU) to pursue jointly bulk power supply and energy service opportunities in the Pacific Northwest. The alliance will identify opportunities to enhance Puget Power's wholesale power business and form a stand-alone energy services venture to serve energy users.

The energy services venture will offer electric distribution engineering, multiple fuels capability and supply, and administrative and customer services. The MOU represents a major step for Puget Power in carrying out the strategies ...

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