HomeMy WebLinkAboutSIR Letter - City of Renton 2020.pdf
August 3, 2020
City of Renton Attn: Scott Warlick 1055 South Grady Way Renton, WA 98057
RE: Puget Sound Energy Talbot Hill Substation CLR Installation Confirmation of Self-Insured Status
Dear Mr. Warlick: Puget Sound Energy maintains a comprehensive program of risk retention and insurance.
Our insurance program for general liability, auto liability, and workers compensation
insurance has substantial limits in place. The self-insured retention, which is currently $2,000,000 per occurrence, may fluctuate from year to year; however it is always consistent with our net worth and cash flows. Evidence of PSE’s capacity to pay claims may be found in its 10K and 10Q filings which the City can access at any time via
http://www.pugetenergy.com/pages/filings.html. Excess insurance protection is
purchased, which is in accordance with other corporations our size and substantially exceeds the insurance requirements outlined by the City. Puget Sound Energy hereby commits its self-insurance program to City of Renton to
guarantee compliance with the indemnity commitments and obligations set forth in the
referenced project permit. Sincerely,
Julie Milbrandt Insurance Risk Program Manager Puget Sound Energy
Cc: Jeff McMeekin, PSE Project Manager III