Lake Washington Ship Canal begun in 1906, and work began in earnest five years later. The delays in canal planning and construction resulted in the U.S. Navy building the Puget Sound Naval Shipyard in Bremerton, Washington, which is located across the Sound from Seattle. For centuries, people had been dragging boats between the lakes, giving names like "carry a canoe" "sxWátSadweehL" to the crossing points. In 1854 Seattle pioneer Thomas Mercer proposed canals connecting Lake Union and Lake Washington to Puget Sound in a speech at the first Independence Day celebration of the Seattle area's first permanent white settlement, shortly after its founding. Mercer
Puget Sound Energy investors, merged with Puget Energy, PSE's parent company to form the current business structure. Puget Energy is a holding company incorporated in the State of Washington. All of its operations are conducted through its utility subsidiary, PSE, which is regulated by Washington Utilities and Transportation Commission. In 2018, Macquarie sold it's ownership stake in PSE. PSE's current owners are Alberta Investment Management Corporation, British Columbia Investment Management Corporation, OMERS, and PGGM. Puget Sound Energy rates show a typical residential electrical bill (at 1000 kwh per month) of $102.56 and typical a gas bill (at 68 therms per month) of $86.