As filed with the Securities and Exchange Commission on March 14, 1997
                                          Registration No. 333-___________


                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549
                            _______________________

                                   FORM S-8

                            REGISTRATION STATEMENT
                                    UNDER
                          THE SECURITIES ACT OF 1933
                            _______________________



                          PUGET SOUND ENERGY, INC.
            (Exact name of Registrant as Specified in Its Charter)

    Washington                                                 91-0374630
    (State or Other Jurisdiction                         (I.R.S. Employer
    of Incorporation or Organization)                 Identification No.)


                           411 - 108th Avenue N.E.
                        Bellevue, Washington 98004-5515
             (Address of Principal Executive Offices) (Zip Code)


                     LONG-TERM INCENTIVE COMPENSATION PLAN
                           (Full Title of the Plan)

                             WILLIAM S. WEAVER
                               Vice Chairman
                          Puget Sound Energy, Inc.
                          411 - 108th Avenue N.E.
                      Bellevue, Washington 98004-5515
                             (206) 454-6363

                     (Name, Address and Telephone Number,
                  Including Area Code, of Agent For Service)
                            _______________________


                                   Copy to:

                                 J. Sue Morgan
                                 Perkins Coie
                         1201 Third Avenue, 40th Floor
                         Seattle, Washington 98101-3099


                        CALCULATION OF REGISTRATION FEE

=============================================================================
                                 Proposed      Proposed
                                 Maximum       Maximum
Title of          Amount         Offering      Aggregate
Securities to     to be          Price Per     Offering      Amount of
be Registered     Registered     Share(1)      Price(1)      Registration Fee
_____________________________________________________________________________

Common Stock      700,000 (3)    $25.4375      $17,850,000   $5,396
(without par
 value)
=============================================================================

(1)    Estimated solely for the purpose of calculating the registration fee
       pursuant to Rule 457 under the Securities Act of 1933, as amended
       (the "Securities Act").  The price per share is estimated to be
       $25.4375, based on the average of the high and low prices for the
       Common Stock as reported on the New York Stock Exchange on March 11,
       1997.

(2)    Includes associated Preference Stock Purchase Rights.  Prior to the
       occurrence of certain events, the Preference Stock Purchase Rights
       will not be evidenced or traded separately from the Common Stock.

(3)    Includes an indeterminate number of additional shares which may be
       necessary to adjust the number of shares reserved for issuance
       pursuant to such plan as the result of any future stock split, stock
       dividend or similar adjustment of the outstanding Common Stock of the
       Registrant.

                                   PART II

                 INFORMATION REQUIRED IN REGISTRATION STATEMENT

Item 3.  INCORPORATION OF DOCUMENTS BY REFERENCE

     The following documents are hereby incorporated by reference in this
Registration Statement:

     (a)     The Registrant's latest Annual Report on Form 10-K for the
fiscal year ended December 31, 1995, filed with the Securities and Exchange
Commission (the "Commission") under Section 13(a) of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), which contains certified
financial statements for the most recent fiscal year for which such
statements have been filed;

     (b)     All other reports filed by the Registrant pursuant to Section
13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered
by the Annual Report on Form 10-K referred to in (a) above; and

     (c)     The description of the Registrant's Common Stock contained in
the Registration Statement on Form 8-A filed with the Commission under
Section 12(b) of the Exchange Act, including any amendments or reports filed
for the purpose of updating such description.

     All documents filed by the Registrant pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act after the date hereof and prior to
the filing of a post-effective amendment which indicates that the securities
offered hereby have been sold or which deregisters the securities covered
hereby then remaining unsold shall also be deemed to be incorporated by
reference into this Registration Statement and to be a part hereof
commencing on the respective dates on which such documents are filed.

Item 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS

     Sections 23B.08.500 through 23B.08.600 of the Washington Business
Corporation Act authorize a court to award, or a corporation's board of
directors to grant, indemnification to directors and officers on terms
sufficiently broad to permit indemnification under certain circumstances for
liabilities arising under the Securities Act of 1933, as amended.  Article
VIII of the Registrant's Bylaws provides for the indemnification of the
Registrant's directors, officers, employees and agents to the maximum extent
permitted by Washington law.

     Section 23B.08.320 of the Washington Business Corporation Act
authorizes a corporation to limit a director's liability to the corporation
or its shareholders for monetary damages for acts or omissions as a
director, except in certain circumstances involving intentional misconduct,
or a knowing violation of law, approval of distributions in violation of
Section 23B.06.400 of the Washington Business Corporation Act, or any
transaction from which the director will personally receive a benefit in
money, property or services to which the director is not legally entitled.
Article X of the Registrant's Restated Articles of Incorporation contains
provisions implementing to the fullest extent permitted by Washington law,
such limitations on a director's liability to the Registrant and its
shareholders.

Item 8.  EXHIBITS

Exhibit
Number                           Description
_______     ________________________________________________________________

23.1        Consent of Coopers & Lybrand L.L.P.

24.1        Power of Attorney (see Signature Page)

99.1        Amended and Restated Long-Term Incentive Compensation Plan, as
            amended (Incorporated by reference to Annex J to the Registrant's
            Definitive Proxy Statement filed February 1, 1996, with respect
            to the Registrant's Special meeting of Shareholders held on
            March 20, 1996)


Item 9.  UNDERTAKINGS

A.       The undersigned Registrant hereby undertakes:

         (1)     To file, during any period in which offers or sales are
being made, a post-effective amendment to this Registration Statement:

                 (a)     To include any prospectus required by Section
10(a)(3) of the Securities Act;

                 (b)     To reflect in the prospectus any facts or events
arising after the effective date of this Registration Statement (or the most
recent post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set forth in
this Registration Statement; and

                 (c)     To include any material information with respect to
the plan of distribution not previously disclosed in this Registration
Statement or any material change to such information in this Registration
Statement;

provided, however, that paragraphs (1)(a) and (1)(b) above do not apply if
the information required to be included in a post-effective amendment by
those paragraphs is contained in periodic reports filed with or furnished to
the Commission by the Registrant pursuant to Section 13 or Section 15(d) of
the Exchange Act that are incorporated by reference in this Registration
Statement.

         (2)     That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a
new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.

         (3)     To remove from registration by means of a post-effective
amendment any of the securities being registered that remain unsold at the
termination of the offering.

B.       The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange
Act (and, where applicable, each filing of an employee benefits plan's annual
report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in this Registration Statement shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof.

C.       Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or otherwise,
the Registrant has been advised that, in the opinion of the Commission, such
indemnification is against public policy as expressed in the Securities Act
and is, therefore, unenforceable.  In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless
in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question of
whether such indemnification by it is against public policy as expressed in
the Securities Act and will be governed by the final adjudication of such
issue.
                                 SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933, as amended,
the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Bellevue, State of Washington, on
the 13th day of March, 1997.


                                      PUGET SOUND ENERGY, INC.

                                  By   s/s R. R. Sonstelie
                                      ______________________________
                                           R. R. Sonstelie
                                  Chairman and Chief Executive Officer

                              POWER OF ATTORNEY

EACH PERSON WHOSE SIGNATURE APPEARS BELOW HEREBY AUTHORIZES R.R. SONSTELIE,
WILLIAM S. WEAVER, JAMES P. TORGERSON AND JAMES W. ELDREDGE, AND EACH OF
THEM, AS ATTORNEYS-IN-FACT, WITH FULL POWER OF SUBSTITUTION, TO EXECUTE IN
THE NAME AND ON BEHALF OF SUCH PERSON, INDIVIDUALLY AND IN EACH CAPACITY
STATED BELOW, AND TO FILE, ANY OR ALL AMENDMENTS (INCLUDING PRE-EFFECTIVE AND
POST-EFFECTIVE AMENDMENTS) TO THIS REGISTRATION STATEMENT, AND TO FILE THE
SAME WITH ALL EXHIBITS THERETO, AND OTHER DOCUMENTS IN CONNECTION THEREWITH,
WITH THE COMMISSION.

Pursuant to the requirements of the Securities Act of 1933, as amended, this
Registration Statement has been signed below by the following persons on the
13th day of March, 1997, in the capacities indicated.


   Signature                     Title
   _________                     _____


s/s R. R. Sonstelie         Chairman, Chief Executive Officer and Director
_______________________     (Principal Executive Officer)
    R. R. Sonstelie


s/s William S. Weaver       Vice Chairman and Director
_______________________
    William S. Weaver


s/s James P. Torgerson      Vice President and
_______________________     Chief Financial Officer
    James P. Torgerson      (Principal Financial Officer)


s/s James W. Eldredge       Corporate Secretary, Controller and
_______________________     Chief Accounting Officer
    James W. Eldredge


s/s Douglas P. Beighle      Director
_______________________
    Douglas P. Beighle

s/s Charles W. Bingham      Director
_______________________
    Charles W. Bingham


s/s Phyllis J. Campbell     Director
_______________________
    Phyllis J. Campbell


s/s Donald J. Covey         Director
_______________________
    Donald J. Covey


s/s Robert L. Dryden        Director
_______________________
    Robert L. Dryden


s/s John D. Durbin          Director
_______________________
    John D. Durbin


s/s John W. Ellis          Director
_______________________
    John W. Ellis


s/s Daniel J. Evans         Director
_______________________
    Daniel J. Evans


                            Director
_______________________
    Nancy L. Jacob


s/s Tomio Moriguchi         Director
_______________________
    Tomio Moriguchi


s/s Sally G. Narodick       Director
_______________________
    Sally G. Narodick


s/s R. Kirk Wilson          Director
_______________________
    R. Kirk Wilson


                          INDEX TO EXHIBITS

Exhibit
Number                    Description
_______     __________________________________________

23.1        Consent of Coopers & Lybrand L.L.P.

24.1        Power of Attorney (see Signature Page)

99.1        Amended and Restated Long-Term Incentive
            Compensation Plan (incorporated by reference
            to Annex J to the Registrant's Definitive
            Proxy Statement filed February 1, 1996, with
            respect to the Registrant's Special Meeting of
            Shareholders held on March 20, 1996)

                                                                EXHIBIT 23.1


                  CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
                  _________________________________________


We consent to the incorporation by reference in the registration statement of
Puget Sound Power & Light Company (now Puget Sound Energy, Inc.) on Form S-8
of our report dated February 12, 1996, on our audits of the consolidated
financial statements and financial statement schedule of Puget Sound Power &
Light Company as of December 31, 1995 and 1994 and for the years ended
December 31, 1995, 1994 and 1993, which report is included in the Company's
Annual Report on Form 10-K for the year ended December 31, 1995.

                                      s/s Coopers & Lybrand
                                      ________________________
                                      Coopers & Lybrand L.L.P.

Seattle, Washington
March 14, 1997
[{"type": "S-8", "sequence": "1", "secsgml_size_bytes": 15437}]
{"company-data": {"conformed-name": "PUGET SOUND ENERGY INC", "cik": "0000081100", "assigned-sic": "4911", "irs-number": "910374630", "state-of-incorporation": "WA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-23393", "film-number": "97557088"}, "business-address": {"street1": "411 108TH AVE NE", "city": "BELLEVUE", "state": "WA", "zip": "98004-5515", "phone": "2064546363"}, "mail-address": {"street1": "PO BOX 97034", "city": "BELLEVUE", "state": "NY", "zip": "98009-9734"}, "former-company": {"former-conformed-name": "PUGET SOUND POWER & LIGHT CO /WA/", "date-changed": "19920703"}}
As filed with the Securities and Exchange Commission on March 14, 1997
                                          Registration No. 333-___________

                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549
                            _______________________

                                   FORM S-8

                            REGISTRATION STATEMENT
                                    UNDER
                          THE SECURITIES ACT OF 1933
                            _______________________

                          PUGET SOUND ENERGY, INC.
            (Exact name of Registrant as Specified in Its Charter)

    Washington                                                 91-0374630
    (State or Other Jurisdiction                         (I.R.S. Employer
    of Incorporation or Organization)                 Identification No.)

                           411 - 108th Avenue N.E.
                        Bellevue, Washington 98004-5515
             (Address of Principal Executive Offices) (Zip Code)

                     LONG-TERM INCENTIVE COMPENSATION PLAN
                           (Full Title of the Plan)

                             WILLIAM S. WEAVER
                               Vice Chairman
                          Puget Sound Energy, Inc.
                          411 - 108th Avenue N.E.
                      Bellevue, Washington 98004-5515
                             (206) 454-6363

                     (Name, Address and Telephone Number,
                  Including Area Code, of Agent For Service)
                            _______________________

                                   Copy to:

                                 J. Sue Morgan
                                 Perkins Coie
                         1201 Third Avenue, 40th Floor
                         Seattle, Washington 98101-3099

                        CALCULATION OF REGISTRATION FEE

=============================================================================
                                 Proposed      Proposed
                                 Maximum       Maximum
Title of          Amount         Offering      Aggregate
Securities to     to be          Price Per     Offering      Amount of
be Registered     Registered     Share(1)      Price(1)      Registration Fee
_____________________________________________________________________________

Common Stock      700,000 (3)    $25.4375      $17,850,000   $5,396
(without par
 value)
=============================================================================

(1)    Estimated solely for the purpose of calculating the registration fee
       pursuant to Rule 457 under the Securities Act of 1933, as amended
       (the "Securities Act").  The price per share is estimated to be
       $25.4375, based on the average of the high and low prices for the
       Common Stock as reported on the New York Stock Exchange on March 11,
       1997.

(2)    Includes associated Preference Stock Purchase Rights.  Prior to the
       occurrence of certain events, the Preference Stock Purchase Rights
       will not be evidenced or traded separately from the Common Stock.

(3)    Includes an indeterminate number of additional shares which may be
       necessary to adjust the number of shares reserved for issuance
       pursuant to such plan as the result of any future stock split, stock
       dividend or similar adjustment of the outstanding Common Stock of the
       Registrant.

                                   PART II

                 INFORMATION REQUIRED IN REGISTRATION STATEMENT

Item 3.  INCORPORATION OF DOCUMENTS BY REFERENCE

     The following documents are hereby incorporated by reference in this
Registration Statement:

     (a)     The Registrant's latest Annual Report on Form 10-K for the
fiscal year ended December 31, 1995, filed with the Securities and Exchange
Commission (the "Commission") under Section 13(a) of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), which contains certified
financial statements for the most recent fiscal year for which such
statements have been filed;

     (b)     All other reports filed by the Registrant pursuant to Section
13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered
by the Annual Report on Form 10-K referred to in (a) above; and

     (c)     The description of the Registrant's Common Stock contained in
the Registration Statement on Form 8-A filed with the Commission under
Section 12(b) of the Exchange Act, including any amendments or reports filed
for the purpose of updating such description.

     All documents filed by the Registrant pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act after the date hereof and prior to
the filing of a post-effective amendment which indicates that the securities
offered hereby have been sold or which deregisters the securities covered
hereby then remaining unsold shall also be deemed to be incorporated by
reference into this Registration Statement and to be a part hereof
commencing on the respective dates on which such documents are filed.

Item 6.  INDEMNIFICATION OF DIRECTORS AND OFFICERS

     Sections 23B.08.500 through 23B.08.600 of the Washington Business
Corporation Act authorize a court to award, or a corporation's board of
directors to grant, indemnification to directors and officers on terms
sufficiently broad to permit indemnification under certain circumstances for
liabilities arising under the Securities Act of 1933, as amended.  Article
VIII of the Registrant's Bylaws provides for the indemnification of the
Registrant's directors, officers, employees and agents to the maximum extent
permitted by Washington law.

     Section 23B.08.320 of the Washington Business Corporation Act
authorizes a corporation to limit a director's liability to the corporation
or its shareholders for monetary damages for acts or omissions as a
director, except in certain circumstances involving intentional misconduct,
or a knowing violation of law, approval of distributions in violation of
Section 23B.06.400 of the Washington Business Corporation Act, or any
transaction from which the director will personally receive a benefit in
money, property or services to which the director is not legally entitled.
Article X of the Registrant's Restated Articles of Incorporation contains
provisions implementing to the fullest extent permitted by Washington law,
such limitations on a director's liability to the Registrant and its
shareholders.

Item 8.  EXHIBITS

Exhibit
Number                           Description
_______     ________________________________________________________________

23.1        Consent of Coopers & Lybrand L.L.P.

24.1        Power of Attorney (see Signature Page)

99.1        Amended and Restated Long-Term Incentive Compensation Plan, as
            amended (Incorporated by reference to Annex J to the Registrant's
            Definitive Proxy Statement filed February 1, 1996, with respect
            to the Registrant's Special meeting of Shareholders held on
            March 20, 1996)

Item 9.  UNDERTAKINGS

A.       The undersigned Registrant hereby undertakes:

         (1)     To file, during any period in which offers or sales are
being made, a post-effective amendment to this Registration Statement:

                 (a)     To include any prospectus required by Section
10(a)(3) of the Securities Act;

                 (b)     To reflect in the prospectus any facts or events
arising after the effective date of this Registration Statement (or the most
recent post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set forth in
this Registration Statement; and

                 (c)     To include any material information with respect to
the plan of distribution not previously disclosed in this Registration
Statement or any material change to such information in this Registration
Statement;

provided, however, that paragraphs (1)(a) and (1)(b) above do not apply if
the information required to be included in a post-effective amendment by
those paragraphs is contained in periodic reports filed with or furnished to
the Commission by the Registrant pursuant to Section 13 or Section 15(d) of
the Exchange Act that are incorporated by reference in this Registration
Statement.

         (2)     That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a
new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.

         (3)     To remove from registration by means of a post-effective
amendment any of the securities being registered that remain unsold at the
termination of the offering.

B.       The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange
Act (and, where applicable, each filing of an employee benefits plan's annual
report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in this Registration Statement shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof.

C.       Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or otherwise,
the Registrant has been advised that, in the opinion of the Commission, such
indemnification is against public policy as expressed in the Securities Act
and is, therefore, unenforceable.  In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless
in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question of
whether such indemnification by it is against public policy as expressed in
the Securities Act and will be governed by the final adjudication of such
issue.
                                 SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933, as amended,
the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Bellevue, State of Washington, on
the 13th day of March, 1997.

                                      PUGET SOUND ENERGY, INC.

                                  By   s/s R. R. Sonstelie
                                      ______________________________
                                           R. R. Sonstelie
                                  Chairman and Chief Executive Officer

                              POWER OF ATTORNEY

EACH PERSON WHOSE SIGNATURE APPEARS BELOW HEREBY AUTHORIZES R.R. SONSTELIE,
WILLIAM S. WEAVER, JAMES P. TORGERSON AND JAMES W. ELDREDGE, AND EACH OF
THEM, AS ATTORNEYS-IN-FACT, WITH FULL POWER OF SUBSTITUTION, TO EXECUTE IN
THE NAME AND ON BEHALF OF SUCH PERSON, INDIVIDUALLY AND IN EACH CAPACITY
STATED BELOW, AND TO FILE, ANY OR ALL AMENDMENTS (INCLUDING PRE-EFFECTIVE AND
POST-EFFECTIVE AMENDMENTS) TO THIS REGISTRATION STATEMENT, AND TO FILE THE
SAME WITH ALL EXHIBITS THERETO, AND OTHER DOCUMENTS IN CONNECTION THEREWITH,
WITH THE COMMISSION.

Pursuant to the requirements of the Securities Act of 1933, as amended, this
Registration Statement has been signed below by the following persons on the
13th day of March, 1997, in the capacities indicated.

   Signature                     Title
   _________                     _____

s/s R. R. Sonstelie         Chairman, Chief Executive Officer and Director
_______________________     (Principal Executive Officer)
    R. R. Sonstelie

s/s William S. Weaver       Vice Chairman and Director
_______________________
    William S. Weaver

s/s James P. Torgerson      Vice President and
_______________________     Chief Financial Officer
    James P. Torgerson      (Principal Financial Officer)

s/s James W. Eldredge       Corporate Secretary, Controller and
_______________________     Chief Accounting Officer
    James W. Eldredge

s/s Douglas P. Beighle      Director
_______________________
    Douglas P. Beighle

s/s Charles W. Bingham      Director
_______________________
    Charles W. Bingham

s/s Phyllis J. Campbell     Director
_______________________
    Phyllis J. Campbell

s/s Donald J. Covey         Director
_______________________
    Donald J. Covey

s/s Robert L. Dryden        Director
_______________________
    Robert L. Dryden

s/s John D. Durbin          Director
_______________________
    John D. Durbin

s/s John W. Ellis          Director
_______________________
    John W. Ellis

s/s Daniel J. Evans         Director
_______________________
    Daniel J. Evans

                            Director
_______________________
    Nancy L. Jacob

s/s Tomio Moriguchi         Director
_______________________
    Tomio Moriguchi

s/s Sally G. Narodick       Director
_______________________
    Sally G. Narodick

s/s R. Kirk Wilson          Director
_______________________
    R. Kirk Wilson

                          INDEX TO EXHIBITS

Exhibit
Number                    Description
_______     __________________________________________

23.1        Consent of Coopers & Lybrand L.L.P.

24.1        Power of Attorney (see Signature Page)

99.1        Amended and Restated Long-Term Incentive
            Compensation Plan (incorporated by reference
            to Annex J to the Registrant's Definitive
            Proxy Statement filed February 1, 1996, with
            respect to the Registrant's Special Meeting of
            Shareholders held on March 20, 1996)

                                                                EXHIBIT 23.1

                  CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
                  _________________________________________

We consent to the incorporation by reference in the registration statement of
Puget Sound Power & Light Company (now Puget Sound Energy, Inc.) on Form S-8
of our report dated February 12, 1996, on our audits of the consolidated
financial statements and financial statement schedule of Puget Sound Power &
Light Company as of December 31, 1995 and 1994 and for the years ended
December 31, 1995, 1994 and 1993, which report is included in the Company's
Annual Report on Form 10-K for the year ended December 31, 1995.

                                      s/s Coopers & Lybrand
                                      ________________________
                                      Coopers & Lybrand L.L.P.

Seattle, Washington
March 14, 1997