Anonymous ID: 85e042 Feb. 24, 2019, 8:47 a.m. No.5361037   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>1072 >>1104 >>1334 >>1520

>>5360975

 

PG&E Cancels $130 Million In Bonuses For Employees Amid Costly Fires

 

SACRAMENTO (CBS13) โ€” PG&E announced they have canceled $130 million in bonus money to thousands of their employees Friday.

 

Officials said they could not justify the payments when fire victims are facing โ€œsignificantly greaterโ€ hardships.

 

The bonus plan was highly criticized after the utility filed for bankruptcy last month. PG&E anticipates an estimated $30 billion in potential liabilities owed to fire victims.

 

READ ALSO: What Does PG&E Filing For Bankruptcy Mean For Its 16 Million Customers And Camp Fire Victims?

 

The interim CEO said he does not take the hardship lightly.

 

The utility, which is worth $71 billion, is trying to protect itself from as much as $60 billion in lawsuits from the Nov. 8 Camp Fire in Butte County which killed 86 people and destroyed nearly 15,000 homes by filing for bankruptcy.

 

Investigators are investigating whether a PG&E transmission line sparked the blaze in the Camp Fire.

 

https://sacramento.cbslocal.com/2019/02/22/pge-cancel-bonuses-wildfires/