Exhibit 10.88

# Employment Agreement

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).

W
I T N E S S E T H:

WHEREAS,
 Employer  desires to engage the  services of  Employee  upon the terms and  conditions
 set forth herein; and

WHEREAS,
 Employee  is willing to provide  services  to Employer  upon the terms and  conditions
 set forth herein;

A G
R E E M E N T S:

NOW,
THEREFORE, for and in consideration of the foregoing premises and for other good and
valuable consideration, the sufficiency and receipt of which are hereby acknowledged,
Employer and Employee hereby agree as follows:

1.EFFECTIVE
DATE

This
agreement shall be effective as of May 1, 2002.

2.EMPLOYMENT

Employer
will employ Employee and Employee will accept employment by Employer as its President.
Employee will have the authority and will perform the duties customarily performed by the
President of a corporation which is similar to Employer and such other duties as may be
assigned from time to time by the Board of Directors or Chief Executive Officer of
Employer, which relate to the business of Employer, its subsidiaries, or any business
ventures in which Employer or its subsidiaries may participate.

3.ATTENTION
AND EFFORT

Employee
will devote his full productive time, ability, attention and effort to Employers
business and will skillfully serve its interests during the term of this Agreement;
provided, however, that Employee may devote reasonable periods of time to
(a) engaging in personal investment activities, (b) serving on the board of directors of
other corporations, including but not limited to N2H2, Inc. and The Ackerley Group, Inc.,
and (c) engaging in charitable or community service activities, so long as none of the
foregoing additional activities in (a) through (c) materially interfere with
Employees duties under this Agreement, provided, further, (d) the parties
acknowledge that Employee presently has ongoing responsibilities with Lennon Smith
Advisors, LLC, (LS) which will require his time and effort to complete such
responsibilities or transition such responsibilities to others during the first sixty (60)
days after the commencement of his employment with Employer. Employee shall exercise his
best efforts to complete and transition his responsibilities with LS with the least
disruption to his obligations hereunder.

The
parties further acknowledge that (a) Employee is a member of LS, an investment banking
firm that is engaged to do business with Employer and (b) Employees activities as
President of Employer will involve frequent business dealings with LS on behalf of
Employer, which may give rise to a conflict of interest. The parties confirm that the
terms of the engagement agreement between Employer and LS were negotiated at arms
length prior to the time that Employee became an Employee and that Employers
interests in those negotiations were represented by Mr. John Durbin of Employer and Mr.
Steve McKeon of Employers parent company, rather than by Employee. The parties
further acknowledge that Employee and LS have represented to Employer that Employees
ownership interest in LS is structured so that he receives no portion of the fees and
expenses paid to LS by Employer.

4.TERM

Unless
otherwise terminated pursuant to Section 7, Employees term of employment under this
Agreement shall expire on the second anniversary of the date of this Agreement
(Expiration Date). This Agreement shall automatically be renewed for
successive one-year terms unless the party wishing to terminate this Agreement does so by
providing written notice to the other party no less than six (6) months prior to the
Expiration Date. Upon renewal of this Agreement, the term Expiration Date will
refer to the end of the one-year renewal period.

5.COMPENSATION

During
the term of this Agreement, Employer agrees to pay or cause to be paid to Employee, and
Employee agrees to accept in exchange for the services rendered hereunder by him, the
following compensation:

| | 5.1. | Base
Salary
| | ---- | -----------

Employees
compensation shall consist, in part, of an annual base salary of $385,000 (the
Base Salary) before all customary payroll deductions. Such annual base
salary shall be paid in substantially equal installments and at the same intervals as
other officers of Employer are paid. The Board of Directors or Executive Committee of
Employer shall determine and the Compensation Committee of the Board of Directors of Puget
Energy, Inc. shall approve any increases in the amount of the annual base salary in future
years.

| | 5.2. | Bonus
| | ---- | -----

| | (a)                             Upon
commencement of Employees employment with Employer, Employer shall           pay
Employee $50,000 as a transition incentive payment.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)                                    Employee
shall be eligible to receive, in addition to the Base Salary, an annual           cash
bonus in an amount to be determined by the Board of Directors or Executive
          Committee of Employer, which bonus shall be based upon the financial
performance           of Employer as follows:
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)                     In
the event Employer achieves a level of financial performance characterized as
          in-the-money by the Board of Directors or Executive Committee of
          Employer, Employee shall receive a bonus payment equal to 20% of the Base
          Salary.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)                     In
the event Employer achieves a level of financial performance characterized as
          target by the Board of Directors or Executive Committee of
Employer,           Employee shall receive a bonus payment equal to 50% of the Base
Salary (the           Target Bonus).
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iii)                     In
the event Employer achieves a level of financial performance characterized as
          outstanding by the Board of Directors or Executive Committee of
          Employer, Employee shall receive a bonus payment equal to 80% of the Base
          Salary.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Not withstanding the foregoing,
Employee shall be entitled to receive a minimum bonus payment from Employer equal to at
least $100,000 with respect to calendar 2002.

| | 5.3. | Stock
Options
| | ---- | -------------

The
Board of Directors, or the Executive Committee of the Board of Directors, of Employer
shall grant Employee an option under Employers 2000 Stock Incentive Plan (the
Plan) to purchase 400,000 shares of common stock of Employer (the
Option). The Option shall be subject to the standard vesting schedule as set
forth in the Plan, subject to special vesting terms provided in this Agreement and the
stock option letter agreement evidencing the Option, and shall have an exercise price
equal to the fair market value of Employers common stock on the date of grant. The
grant of the Option shall be conditioned on Employee executing Employers standard
form of stock option letter agreement.

6.BENEFITS

During
the term of this Agreement, Employee will be entitled to participate in all benefit
programs as shall be provided or offered from time to time to senior executive-level
employees of Employer, subject to and in accordance with applicable eligibility
requirements.

7.TERMINATION

Employment
of Employee pursuant to this Agreement may be terminated as follows:

| | 7.1. | By
Employer
| | ---- | -----------

With
or without Cause (as defined below), Employer may terminate the employment of Employee at
any time during the term of employment by giving written notice to Employee. The notice
shall be effective immediately if termination is for Cause and sixty (60) days later if
termination is not for Cause.

| | 7.2. | By
Employee
| | ---- | -----------

Employee
may terminate his employment at any time, for any reason, upon giving sixty (60)
days prior written notice.

| | 7.3. | Automatic
Termination
| | ---- | ---------------------

This
Agreement and Employees employment hereunder shall terminate automatically upon the
death or total disability of Employee. The term total disability as
used herein shall mean Employees inability to perform the duties set forth in
Section 2 hereof for a period or periods constituting ninety (90) consecutive calendar
days as a result of physical or mental illness, loss of legal capacity or any other cause
beyond Employees control, unless Employee is granted a leave of absence by the Board
of Directors of Employer. Employee and Employer hereby acknowledge that Employees
ability to perform the duties specified in Section 2 hereof is of the essence of this
Agreement. Termination hereunder shall be deemed to be effective (a) at the end of
the calendar month in which Employees death occurs or (b) immediately upon a
determination by the Board of Directors of Employer of Employees total disability,
as defined herein.

8.TERMINATION
PAYMENTS

In
the event of termination of the employment of Employee, all compensation and benefits set
forth in this Agreement shall terminate except as specifically provided in this
Section 8:

| | 8.1. | Termination
by Employer
| | ---- | -----------------------

If
Employer terminates Employees employment without Cause prior to the Expiration Date,
Employee shall be entitled to receive (a) termination payments equal to one year of
Base Salary, (b) the number of unvested shares subject to the Option that would have
vested through the date that is twelve (12) months following the date of termination
hereunder (the Termination Date) shall vest and become immediately
exercisable as of the Termination Date and shall remain exercisable until the earlier of
four years from the Termination Date and the expiration of the 10-year term of the Option,
and (c) any unpaid Base Salary which has accrued for services already performed as of
the Termination Date. If Employee is terminated by Employer for Cause (as defined in
Section 8.4 below), Employee shall not be entitled to receive any of the foregoing
benefits, other than those set forth in clause (c) above.

| | 8.2. | Termination
by Employee
| | ---- | -----------------------

| | (a)                     If
Employee resigns for Good Reason prior to the Expiration Date, Employee shall
          be entitled to receive the same termination payments and unpaid annual base
          salary as provided for in Section 8.1 for a termination without Cause.
          Good Reason means only any one or more of the following: (1)
          material breach by Employer of this Agreement, and its failure to cure such
          breach within thirty (30) days after written notice from Employee to Employer
          specifying in reasonable detail the alleged breach; (2) reduction, without
          Employees consent, of Employees salary or reduction or elimination
          of any compensation or benefit plan benefiting Employee, unless the reduction
or           elimination of such benefit plan is generally applicable to all senior
          executive-level employees (or employees of a successor or controlling entity of
          Employer) and unless Employer reinstates the compensation or benefit within
          thirty (30) days after written notice from Employee; (3) assignment to
Employee,           without his consent, of duties materially inconsistent with Employees
          position, authority, duties or responsibilities as contemplated by Sections 2
          and 3 hereof (or such higher level of position, authority, duties or
          responsibilities as are subsequently assigned to Employee), which results in a
          material diminution in such position, authority, duties or responsibilities; or
          (4) geographic reassignment of Employee resulting in a commute increase of
          more than forty-five (45) miles from Employees current residence to his
          new worksite.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)                     In
the case of the termination of Employees employment by Employee for           other
than Good Reason, Employee shall not be entitled to any payments           hereunder,
other than those set forth in clause (c) of Section 8.1 hereof.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 8.3. | Payment
Schedule
| | ---- | ----------------

All
payments under this Section 8 shall be made to Employee at the same interval as payments
of salary were made to Employee immediately prior to termination.

| | 8.4. | Cause
| | ---- | -----

Wherever
reference is made in this Agreement to termination being with or without Cause,
Cause shall mean:

| | (a)                     willful
misconduct on the part of Employee that has a material adverse effect on
          Employer and its subsidiaries, taken as a whole,
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)        Employees
willfully           engaging in conduct which could reasonably result in his conviction
of a felony           or a crime against Employer or conduct involving substance abuse,
fraud or moral           turpitude, or which would materially compromise Employers
reputation or           Employees ability to perform his duties, as determined in
good faith by a           written resolution adopted by the affirmative vote of not less
than two-thirds           of all of the directors who are not officers of Employer, or
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)                     unreasonable
refusal by Employee to perform the duties and responsibilities of           his position
in any material respect, unless Employee cures the refusal within           thirty (30)
days after receipt of written notice specifying in reasonable detail           the duties
and responsibilities not being performed.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

No
action, or failure to act, shall be considered willful or unreasonable if the Employee did
it in good faith and with the reasonable belief that his action or omission was in the
best interests of Employer.

9.CHANGE
OF CONTROL

| | 9.1. | Acceleration
of Unvested Options upon Change of Control
| | ---- | -------------------------------------------------------

In
the event that Puget Energy, Inc. sells its controlling interest in Employer to an
unrelated third party (the Successor Party), other than in a sale
pursuant to a public offering of Employers common stock (the Change of
Control), the unvested shares subject to the Option shall vest and become
immediately exercisable as of the date of consummation of the Change of Control.

| | 9.2. | Termination
upon Change of Control
| | ---- | ----------------------------------

| | (a)                     In
the event Employees employment with Employer or the Successor Party
          should be terminated either by the Successor Party without Cause or by Employee
          for Good Reason within one year following the Change of Control, Employee shall
          be entitled to receive a severance payment equal to three (3) times the sum of
          the Base Salary plus the Target Bonus.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)                     In
the event Employees employment with Employer or the Successor Party
          should be terminated by Employee without Good Reason within one year following
          the Change of Control, Employee shall be entitled to receive a severance
payment           equal to one year of Base Salary.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

10.RIGHT
TO SELL EMPLOYER EQUITY

In
the event that there has been no Change of Control nor an initial public offering of
Employers common stock by December 31, 2006, Employee shall have the right,
exercisable between January 1 and January 31, 2007, to sell shares of Employers
common stock received by Employee upon exercise of the Option to Employer, and Employer
shall purchase such shares, on the following terms and conditions:

| | (a)                     In
the event Employee wishes to exercise the right to sell shares subject to the
          Option, Employee must first exercise the related options and hold the shares
          acquired upon such exercise for at least six (6) months prior to the sale of
          shares to Employer pursuant to this Section 10. The sale of the shares shall
          close within thirty (30) days after receipt by Employer of written notice from
          Employee specifying the number of shares to be sold.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)                     The
price per share applicable to the sale of the shares pursuant to this           Section
10 shall be calculated as follows:
| | ------------------------------------------------------------------------------------------------------------------------------------------------------

| |          |                                                                                                                                                                                                                                                                                                                                                                                               |   |  |   |  
| | -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | - |  | - | -
| | A      = | (6 x (B)-C))+(12 x D) x 12 E                                                                                                                                                                                                                                                                                                                                                                  |   |  | x | 1
| |          | 2                                                                                                                                                                                                                                                                                                                                                                                             | E |  |   |  
| |          |                                                                                                                                                                                                                                                                                                                                                                                               |   | 
| | Where,   | A is the sale price per share,
                           B is EBITDA (as defined below),
                           C is Debt (as defined below),
                           D is Net Income (as defined below), and
                           E is the number of outstanding shares of common stock of
                                Employer on fully diluted basis on the date of sale |   | 

Employer
on fully diluted basis on the date of sale

| | (c)                     For
purposes of the calculation set forth in Section 10(b),           EBITDA shall
mean earnings before interest, taxes,           depreciation and amortization of Employer
on a consolidated basis for calendar           2006, which shall be derived from the
consolidated income statement of Employer           for 2006, prepared in accordance with
generally accepted accounting principles           (GAAP).
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)                     For
purposes of the calculation set forth in Section 10(b),           Debt shall
mean the amount of outstanding indebtedness and           capitalized leases of Employer
on a consolidated basis at December 31, 2006, as           reflected on the consolidated
balance sheet of Employer at that date, prepared           in accordance with GAAP.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)                     For
purposes of the calculation set forth in Section 10(b), Net           Income shall
mean net income of Employer on a consolidated basis for           2006, as reflected on
the consolidated income statement of Employer for 2006,           prepared in accordance
with GAAP.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

11.NOTICE
AND CURE OF BREACH

Whenever a
breach of this Agreement by either party is relied upon as justification for any action
taken by the other party pursuant to any provision of this Agreement, the party asserting
the breach of this Agreement shall give the other party at least (30) thirty days
prior written notice of the existence and the nature of such breach before taking further
action hereunder and shall give the party purportedly in breach of this Agreement the
opportunity to correct such breach during the 30-day period.

12.FORM
OF NOTICE

All
notices given hereunder shall be given in writing, shall specifically refer to this
Agreement and shall be personally delivered or sent by telecopy or other electronic
facsimile transmission or by registered or certified mail, return receipt requested, at
the address set forth below or at such other address as may hereafter be designated by
notice given in compliance with the terms hereof:

| | If to Employer: | Michael T. Lennon939 18th Avenue EastSeattle, WA  98112                                                    
| | --------------- | -----------------------------------------------------------------------------------------------------------
| |                 |                                                                                                            
| | If to Employer: | InfrastruX Group, Inc.Skyline Towers
10900 N.E. Fourth Ave., Suite 1900Bellevue, WA  98004Attn: John Durbin
| |                 |                                                                                                            
| | Copy to:        | General CounselPuget Energy, Inc.
P.O. Box 97034Bellevue, WA  98009-9734                                   

If notice is mailed, such notice
shall be effective upon mailing, or if notice is personally delivered or sent by telecopy
or other electronic facsimile transmission, it shall be effective upon receipt.

13.INDEMNIFICATION

Employer
shall defend, indemnify and hold Employee harmless from any and all liabilities,
obligations, claims or expenses which arise in connection with or as a result of
Employees service as an officer or employee (or director if Employee is elected and
serves as a director) of the Employer and/or any of its affiliates and subsidiaries to the
fullest extend allowed by law. The Employer shall assure that Employee remains covered by
the Companys policies of directors and officers liability insurance for
six years following the date of termination of the last position (employee, officer or
director) to terminate.

14.ASSIGNMENT

This
Agreement is personal to Employee and shall not be assignable by Employee. Employer may
assign its rights hereunder to (a) any corporation resulting from any merger,
consolidation or other reorganization to which Employer is a party or (b) any
corporation, partnership, association or other person to which Employer may transfer all
or substantially all of the assets and business of Employer existing at such time. All of
the terms and provisions of this Agreement shall be binding upon and shall inure to the
benefit of and be enforceable by the parties hereto and their respective successors and
permitted assigns.

15.WAIVERS

No
delay or failure by any party hereto in exercising, protecting or enforcing any of its
rights, titles, interests or remedies hereunder, and no course of dealing or performance
with respect thereto, shall constitute a waiver thereof. The express waiver by a party
hereto of any right, title, interest or remedy in a particular instance or circumstance
shall not constitute a waiver thereof in any other instance or circumstance. All rights
and remedies shall be cumulative and not exclusive of any other rights or remedies.

16.ARBITRATION

Any
controversies or claims arising out of or relating to this Agreement shall be fully and
finally settled by arbitration in accordance with the Commercial Arbitration Rules of the
American Arbitration Association then in effect (the AAA Rules),
conducted by one arbitrator either mutually agreed upon by Employer and Employee or chosen
in accordance with the AAA Rules, except that the parties thereto shall have any right to
discovery as would be permitted by the Federal Rules of Civil Procedure for a period of 90
days following the commencement of such arbitration and the arbitrator thereof shall
resolve any dispute which arises in connection with such discovery. The prevailing party
shall be entitled to costs, expenses and reasonable attorneys fees, and judgment
upon the award rendered by the arbitrator may be entered in any court having jurisdiction
thereof.

17.AMENDMENTS
IN WRITING

No
amendment, modification, waiver, termination or discharge of any provision of this
Agreement, nor consent to any departure therefrom by either party hereto, shall in any
event be effective unless the same shall be in writing, specifically identifying this
Agreement and the provision intended to be amended, modified, waived, terminated or
discharged and signed by Employer and Employee, and each such amendment, modification,
waiver, termination or discharge shall be effective only in the specific instance and for
the specific purpose for which given. No provision of this Agreement shall be varied,
contradicted or explained by any oral agreement, course of dealing or performance or any
other matter not set forth in an agreement in writing and signed by Employer and Employee.

18.APPLICABLE
LAW

This
Agreement shall in all respects, including all matters of construction, validity and
performance, be governed by, and construed and enforced in accordance with, the laws of
the state of Washington, without regard to any rules governing conflicts of laws.

19.SEVERABILITY

If
any provision of this Agreement shall be held invalid, illegal or unenforceable in any
jurisdiction, for any reason, including, without limitation, the duration of such
provision, its geographical scope or the extent of the activities prohibited or required
by it, then, to the full extent permitted by law (a) all other provisions hereof
shall remain in full force and effect in such jurisdiction and shall be liberally
construed in order to carry out the intent of the parties hereto as nearly as may be
possible, (b) such invalidity, illegality or unenforceability shall not affect the
validity, legality or enforceability of any other provision hereof, and (c) any court
or arbitrator having jurisdiction thereover shall have the power to reform such provision
to the extent necessary for such provision to be enforceable under applicable law.

20.HEADINGS

All
headings used herein are for convenience only and shall not in any way affect the
construction of, or be taken into consideration in interpreting this Agreement.

21.COUNTERPARTS

This
Agreement, and any amendment or modification entered into pursuant to Section 17 hereof,
may be executed in any number of counterparts, each of which counterparts, when so
executed and delivered, shall be deemed to be an original and all of which counterparts,
taken together, shall constitute one and the same instrument.

22.ENTIRE
AGREEMENT

This
Agreement constitutes the entire agreement between Employer and Employee with respect to
the subject matter hereof and all prior or contemporaneous oral or written communications,
understandings or agreements between Employer and Employee with respect to such subject
matter are hereby superseded and nullified in their entireties.

[Remainder
of page left blank intentionally.]

IN WITNESS WHEREOF, the parties have
executed and entered into this Agreement on the date set forth above.

| |                                                
| | -----------------------------------------------
| | /s/ MICHAEL T. LENNON                          
| |                                                
| | MICHAEL T. LENNON                              
| |                                                
| |                                                
| |                                                
| | INFRASTRUX GROUP, INC.                         
| |                                                
| |                                                
| | By: /s/JOHN D. DURBIN                          
| |                                                
| |                                                
| | John DurbinChief Executive Officer and Chairman