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Mary Kipp

Mary Kipp

President and CEO of Puget Sound Energy, Washington state's largest utility, and former CEO of El Paso Electric.

Oct 8, 2026

34:21
I agree.
34:22
And I think that somehow needs to be changed.
34:25
I, I don't know quite what the answer is or how we get away from that.
34:27
I think formula rates in some cases, provided they're the right parameters around them, might be the answer.
34:32
I don't think we're ever gonna agree on that, especially in Washington State.
34:36
But I think when you have a larger overarching objective for the common good, it tends to create more opportunities for partnership.
34:46
And partnership there is not just the regulator and the utility, but it's also some of the environmental interveners, interveners in the utility, or maybe even, you know, God willing, public counsel in the utility someday.

6 MINS LATER

41:04
Mm-hmm.

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