Spend it while you still got it - PG&E

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California utility Pacific Gas and Electric was responsible for the major wildfires last summer. They deferred basic maintenence for twelve years and it was an equipment failure that triggered the blazes. They are facing bankruptcy to try to get out of paying massive claims. And now this - from ABC News:

Bankrupt California utility wants to give $235M in bonuses
Pacific Gas & Electric Corp. sought a judge's approval to pay $235 million in bonuses to thousands of employees despite the California utility's bankruptcy.

The money is intended to provide incentives to workers and will not be distributed if the company doesn't meet safety and financial goals, PG&E said in a court filing Wednesday. It said the bonus program has been restructured with its Chapter 11 case in mind and puts a greater emphasis on safety performance.

"In deliberately designing the plan this way, the debtors are sending a clear message to their workforce that the safety of the communities the debtors serve and of their employees is of paramount concern during the restructuring process and into the future," attorneys for the utility said in court documents.

Talk about poor management - they have to bribe their employees with bonuses for them to comply with safety regulations.

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This page contains a single entry by DaveH published on March 8, 2019 9:35 AM.

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