Canada Pension Is Said to Consider Shrinking Stake in Puget Mar 09 2021, 12:41 PM March 09 2021, 1:21 AM March 09 2021, 12:41 PM (Bloomberg) -- The Canada Pension Plan Investment Board is considering selling part of its stake in the utility Puget Energy Inc., according to people familiar with the matter. (Bloomberg) -- The Canada Pension Plan Investment Board is considering selling part of its stake in the utility Puget Energy Inc., according to people familiar with the matter. The investment group is working with an adviser to reduce its 31.6% stake by about 10 percentage points, said the people, who asked not to be identified because they werenât authorized to speak publicly. The sale is expected to fetch $700 million, valuing Puget Energy at up to $7 billion, including debt, the people said.