Bilicic, who resigned from the San Diego-based utility network after less than a year on Monday, will receive a severance including a $3.2 million cash payment and health insurance coverage for up to 24 months, according to a regulatory filing Tuesday.
“Mr. Bilicic and the company have agreed to treat such resignation as a resignation for ‘good reason’ as defined in his severance pay agreement,” Sempra said.
Sempra Chairman and Chief Executive Officer Jeffrey Martin will assume the ...