PG&E cancels $130 million in worker performance bonuses

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Pacific Gas & Electric said it won’t award $130 million in employee bonuses because of its recent bankruptcy filing

 

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I wonder if this includes the ceo, svp's, and vp's bonuses.

Well on the bright side....

Thank you at XcelEnergy for taking care of downed power line this morning due to extreme weather in our neighborhood in Minneapolis!✋🏽

No shit? How is this news?

Why not issue the employee bonuses in form of stock options with a 5, 10, 15, 20 year deferral on sale or trade.

More energy corporate theft in California. We need to invest in clean, renewable energy...a Green New Deal would shift the power from polluting fossil fuel monopolies to democratic public grid & microgrids. We can harvest energy rather than kill life thru GHG extraction & war!

But will the executives be tried for murder?

From January 2019: PG&E’s Chief Executive Office Geisha Williams is leaving with $2.5 million in severance while the company handles issues ranging from bankruptcy plans to litigation from Camp Fire survivors.

From January 2019: PG&E Board of Directors Gives Executive Jesus Soto a raise. Soto, hired two years after the 2010 San Bruno gas line disaster, will have his $500,000 dollar salary increased to $575,000

More DNC BS hurts taxpayers

Good,,,,,,,,,,,,,,,,,,power outages,,,,,,,Should not qualify for Bonus's

What a bonus...

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Utility cancels $130 million in worker performance bonusesSAN FRANCISCO (AP) — Northern California utility Pacific Gas & Electric said it won't award $130 million in employee bonuses because of its recent bankruptcy filing, a newspaper reported... Good Bet the top still gets theirs... Lol
Source: AP - 🏆 728. / 51 Read more »

Wildfire Victims Protest PG&E Bid to Pay Employee BonusesLawyers for victims of several California wildfires are asking a bankruptcy judge to reject Pacific Gas & Electric Co.’s request to pay $130 million in bonuses to employees, saying they don’t deserve to be awarded for good performance. $PCG 18.75 LONG It’s a utility. It provides services. Get over it.
Source: WSJ - 🏆 98. / 63 Read more »

Utility cancels $130 million in worker performance bonusesSAN FRANCISCO (AP) — Northern California utility Pacific Gas & Electric said it won't award $130 million in employee bonuses because of its recent bankruptcy filing, a newspaper reported... Good Bet the top still gets theirs... Lol
Source: AP - 🏆 728. / 51 Read more »

Wildfire Victims Protest PG&E Bid to Pay Employee BonusesLawyers for victims of several California wildfires are asking a bankruptcy judge to reject Pacific Gas & Electric Co.’s request to pay $130 million in bonuses to employees, saying they don’t deserve to be awarded for good performance. $PCG 18.75 LONG It’s a utility. It provides services. Get over it.
Source: WSJ - 🏆 98. / 63 Read more »