SAN FRANCISCO, Calif. - Pacific Gas & Electric (PG&E) has announced they will not be giving incentive bonuses to employees and senior staff for 2018.
Officials had planned to provide bonuses, but several legislators, customers and fire survivors have stated that they were not pleased with that use of PG&E's financial resources during their bankruptcy proceedings.
PG&E issued this statement to Action News Now on Sunday:
"We know that wildfires have created tremendous hardships and stress in the communities we serve in the last few years. PG&E’s senior management team and the company's Board of Directors have made the decision not to pay out the company’s 2018 at-risk Short-Term Incentive Program. This decision impacts all eligible employees, including the company’s senior leaders. We will be notifying the bankruptcy committees and court of this decision. Considering the effects that wildfires have had on so many people in recent years, regardless of cause, this decision was simply the right thing to do."
- PG&E will not give 2018 bonuses to employees and senior staff
- PG&E Will File for Bankruptcy Protection
- PG&E Officially Files for Chapter 11 Bankruptcy
- PG&E Working to Help more than 3,900 Customers Without Power
- Yuba County Moves Forward With Plans to Sue PG&E
- PG&E Releases Statement About Incident in Area of Camp Fire
- PG&E Issues Statement Over Role in The Camp Fire
- ICYMI: PG&E Considering Options Like Downsizing and Bankruptcy
- Man wants PG&E to take down neighbor's tree
- Lawmakers Vote to Allow PG&E to Raise Rates to Cover Wildfire Lawsuit Costs