0001085392-04-000031 Sample Contracts

CHANGE OF CONTROL AGREEMENT
Change of Control Agreement • March 10th, 2004 • Puget Sound Energy Inc • Electric services • Washington

AGREEMENT by and between Puget Sound Energy, Inc., a Washington corporation (the “Company”), and BERTRAND VALDMAN (the “Executive”), dated as of the 28th day of November, 2003.

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PUGET ENERGY, INC. RESTRICTED STOCK UNIT AWARD AGREEMENT
Restricted Stock Unit Award Agreement • March 10th, 2004 • Puget Sound Energy Inc • Electric services • Washington

We are pleased to inform you that you have been granted an award (the “Award”) of restricted stock units (the “Restricted Stock Units”) by Puget Energy, Inc., a Washington corporation (the “Company”).

Employment Agreement
Employment Agreement • March 10th, 2004 • Puget Sound Energy Inc • Electric services

This Employment Agreement (this “Agreement”), is dated as of May 6, 2002, and is made by and between InfrastruX Group, Inc., a Washington corporation (“Employer”) and Michael T. Lennon (“Employee”).

PUGET ENERGY, INC. RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • March 10th, 2004 • Puget Sound Energy Inc • Electric services • Washington

We are pleased to inform you that you have been awarded by Puget Energy, Inc., a Washington corporation (the “Company”), a restricted stock award (the “Restricted Stock Award”).

AGREEMENT AND GENERAL RELEASE
General Release Agreement • March 10th, 2004 • Puget Sound Energy Inc • Electric services

THIS AGREEMENT AND GENERAL RELEASE (the “Agreement”) is entered into by Timothy J. Hogan (hereinafter referred to as “Hogan”) and Puget Sound Energy, Inc. (hereinafter referred to as “PSE”).

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