8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): July 1, 2010 (June 30, 2010)

	Exact name of registrant as specified	I.R.S.
	in its charter, state of incorporation,	Employer
Commission	address of principal executive offices,	Identification
File Number	telephone	Number

1-16305	PUGET ENERGY, INC.	91-1969407
	A Washington Corporation
	10885 - N.E. 4th Street, Suite 1200
	Bellevue, Washington 98004-5591
	(425) 454-6363

1-4393	PUGET SOUND ENERGY, INC.	91-0374630
	A Washington Corporation
	10885 - N.E. 4th Street, Suite 1200
	Bellevue, Washington 98004-5591
	(425) 454-6363

___________

Check the appropriate box below if the Form 8−K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a−12 under the Exchange Act (17 CFR 240.14a−12)

o Pre−commencement communications pursuant to Rule 14d−2(b) under the Exchange Act (17 CFR 240.14d−2(b))

o Pre−commencement communications pursuant to Rule 13e−4(c) under the Exchange Act (17 CFR 240.13e−4(c))

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As the next stage of ongoing succession planning efforts, the Boards of Directors of Puget Sound Energy, Inc. ("PSE") and Puget Energy, Inc. (collectively, the "Company") have appointed Kimberly J. Harris to serve as President of the Company, effective July 1, 2010.  Ms. Harris will report to Stephen P. Reynolds, the Company's Chief Executive Officer, who voluntarily resigned his position as President, effective July 1, 2010, to facilitate the management succession plan.

Prior to her appointment as President, Ms. Harris, 46, served as Executive Vice President and Chief Resource Officer of PSE since May 2007.  Prior to that, she served as Senior Vice President Regulatory Policy and Energy Efficiency of PSE from 2005 to 2007, as Vice President Regulatory and Government Affairs of PSE from 2003 to 2005 and as Vice President Regulatory Affairs of PSE from 2002 to 2003.

In connection with her appointment as President, the Boards of Directors of the Company, upon the recommendation of the Compensation and Leadership Development Committees, approved a new compensation package for Ms. Harris that includes the following components:

·   annual base salary of $680,000;

·   eligibility for an annual incentive payment equal to 85% of annual base salary for performance at target (prorated for full months of service as President during 2010);

·   eligibility for a long-term incentive payment equal to 170% of base salary for performance at target during the performance cycle (prorated for full quarters of service as President during the 2010-2012 performance cycle); and

·   continued participation in other benefit programs and arrangements in which Ms. Harris participated prior to her appointment as President.

Ms. Harris' husband, Kyle Branum, has been a principal at the law firm Riddell Williams P.S. since 2008.  Riddell Williams or its predecessor firms have been one of PSE's primary law firms for nearly 40 years.  In 2009, Riddell Williams was paid $1,762,693 for legal services provided to PSE.  Mr. Branum is among the lawyers at Riddell Williams who provide legal services to PSE.  This work was performed under the direct supervision of the office of the general counsel and the compensation arrangements were comparable to other legal firms providing legal services to PSE.

A copy of the press release announcing Ms. Harris' appoint as President is attached hereto as exhibit 99.1 and is incorporated herein by this reference.

Item 9.01. Financial Statements and Exhibits.

(d)

99.1                           Press Release, Dated June 30, 2010.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

	PUGET ENERGY, INC.
	PUGET SOUND ENERGY, INC.
	By: /s/ Jennifer L. O’Connor
Dated:  July 1, 2010	Jennifer L. O’Connor Senior Vice President, General Counsel, Corporate Secretary and Chief Ethics and Compliance Officer

EX-99.1 CHARTER

Exhibit 99.1

NEWS RELEASE

For Immediate Release:                                                                         &# 160;                     Media Contact:

June 30, 2010                                                                                                                 Martha Monfried

1-888-831-7250

                                                                                                       
60;                                PSENewsroom@pse.com

Puget Sound Energy names Kimberly J. Harris president

BELLEVUE, Wash. – As the next stage of its ongoing succession planning efforts, the board of directors of Puget Sound Energy named Kimberly J. Harris, 46, president of Washington state’s oldest local energy utility effective today reporting to CEO Steve Reynolds.  It is anticipated that Harris will assume the additional role of CEO upon Reynolds’ retirement in 2011.

“Thoughtful succession planning is vital to any enterprise,” said Bill Ayer, PSE chairman of the board. “Kimberly has the experience and the vision to lead PSE going forward. She is well qualified to build on the success achieved by Steve and the leadership team to ensure that PSE remains one of the premier utilities in the country.”

Harris joined PSE in 1999 and has held several key leadership positions. She most recently served as executive vice president and chief resource officer, responsible for all of PSE’s energy resources, including project development and contract management, energy efficiency services, and federal government relations. Prior to that, she was senior vice president of Regulatory Policy and Energy Efficiency. She has also served as vice president of Regulatory and Government Affairs, associate general counsel and director of Load Resource Strategies.

“I look forward to continuing to work with Kimberly and all our talented and dedicated

employees over the next several months as the board and I prepare a smooth handoff to the next generation of leaders of this great utility,” said Reynolds. “Kimberly has deep industry experience, understands our regulatory environment and has been active in the community. She has earned respect both inside the company and out by demonstrating her commitment to our customers and the region. I am confident she will sustain and improve PSE to meet our customer needs now and in the future.”

-more-

Puget Sound Energy – page 2 of 2

In addition to her responsibilities at PSE, Harris serves on the Washington state Clean Energy Leadership Council as well as the Energy Strategy Advisory Committee. She is also a member of the board of directors of the American Red Cross of King and Kitsap counties.

Harris is married and has two grown children.

About Puget Sound Energy

Washington state’s oldest local energy utility, Puget Sound Energy serves more than 1 million electric customers and nearly 750,000 natural gas customers in 11 counties.  A subsidiary of Puget Energy, PSE meets the energy needs of its growing customer base through incremental, cost-effective energy efficiency, procurement of sustainable energy resources, and far-sighted investment in the energy-delivery infrastructure. PSE employees are dedicated to providing great customer service and delivering energy that is safe, reliable, reasonably priced, and environmentally responsible. For more information, visit www.PSE.com.

###