Utility CEOs See Soaring Pay as Families Struggle to Afford Energy Bills
This is disgusting. As bad as PG&E has been performing?
Utility CEOs See Soaring Pay as Families Struggle to Afford Energy Bills
Jake Johnson - Common Dreams - Oct 22, 2022
The top executives of utility giants in the United States are enjoying rising annual compensation as their customers in households across the country struggle to afford their high energy bills, with costs continuing to rise ahead of the winter months. An analysis of Securities and Exchange Commission filings by Utility Dive found that the CEO of California-based Pacific Gas and Electric (PG&E)—the largest utility firm in the U.S.—received $51.2 million in total compensation in 2021, an increase of 640% compared to her previous year's pay.
"This goes beyond run-of-the-mill executive greed, and it's a stark example of rewarding failure," Ken Cook, president of the Environmental Working Group, said of Patricia Poppe's compensation in a statement Friday.
"It shows a complete disdain for the employees and the company's 16 million ratepayers, including the ones who are having to forgo necessities to keep the heat and lights on," Cook added. EWG noted that Poppe's pay surge comes as her firm is "jacking up rates on its captive customers, in part to pay for the damage caused by last summer's disastrous Dixie Fire."
"PG&E customers have already seen their monthly bills soar by nearly 20% this year," the group said. "The utility is asking the California Public Utilities Commission to approve an 18% rate increase in 2023. If approved, the plan would impose an extra $31 on the average customer's energy bill next year, and $58 per month by 2026."
more at https://www.commondreams.org/news/2022/10/22/utility-ceos-see-soaring-pay-families-struggle-afford-energy-bills
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And they don't care about anyone but themselves?
Color me shocked!! 
