PG&E Proposed Bankruptcy Bonus Should Be Denied: U.S. Trustee

March 26, 2019, 8:21 PM

The utility has not provided enough details to verify that no insiders will benefit from a 2019 bonus pool whose payouts could be as much as $350 million, the U.S. Trustee said in an objection filed March 26.

  • PG&E says a similar program, known as a short term incentive plan, has been a regular part of the company’s compensation in previous years. But last year’s program anticipated payments of $130 million for about 14,000 employees, the Trustee said
  • The federal bankruptcy watchdog in San Francisco demanded information about how much employees received from past bonus programs, the maximum amount any ...

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