PG&E get approval to pay employees $350 mln to meet safety goals after wildfires
SAN FRANCISCO, April 23 (Reuters) - PG&E Corp can pay employees up to $350 million in bonuses this year to spur them to help meet the bankrupt California power provider's safety goals to prevent wildfires, a judge said on Tuesday.
PG&E's management has said the company needs to implement the bonus plan to carry out tasks such as clearing trees and branches around power lines to avert contact that triggers wildfires.
Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco at Tuesday's hearing said he was persuaded to approve the bonus plan, which provides for quarterly payments, after hearing testimony from John Lowe, who is responsible for PG&E's compensation programs.
Lowe said performance targets would be challenging to achieve and that targets for clearing trees and branches could be raised if PG&E's state regulator requires it.
"It was helpful for me to hear from him," Montali said. "Bottom line is I will defer to judgment of management."
More than half of the plan's formula for calculating bonuses is pegged to how well employees help PG&E meet safety goals. PG&E has said it aims to remove 375,000 trees around power lines this year to avert the potential for its equipment sparking blazes during California's next wildfire season.
The plan covers 2019 and takes the place of a previously proposed 2018 bonus program that PG&E scuttled after criticism from wildfire victims and their lawyers.
Investor-owned PG&E sought Chapter 11 bankruptcy protection in January facing the prospect of, potentially, billions of dollars in liabilities in the aftermath of devastating wildfires in Northern California in 2017 and 2018 linked or suspected to be linked to its equipment.
PG&E has said it expects its equipment will be found to have caused November's Camp Fire. The blaze was California's deadliest and most destructive wildfire of modern times, killing 86 people and destroying the town of Paradise.
https://www-qc.nasdaq.com/article/pge-get-approval-to-pay-employees-350-mln-to-meet-safety-goals-after-wildfires-20190423-01308
Says half the plan's formula is pegged to employee's helping to meet the safety goals. How about ALL of it and fuck the upper mgmt. who resided over this situation that was allowed to develop.
judge needs bigger balls here.Approve it if ALL goes to the worker's or fuck you.
looking this way but the speed of gov't and all. At least it's being looked at. Still living 'off the internet' until it's all fixed.
ask him….
don't sell yourself short anon. Without memefags I am NOWHERE. I saved as all files this time. Get lazy depending on time of day.
ty for advice
never had anything on any device that needed to remain private-no dick pics or crap like that, how anyone thought it was private is an entirely different story…. Worked in tech so I know what you speak of and not a stretch to remain off it for any length of time. Phone used for calls and that is about it. Interesting pics here and there but not one who has ever lived life on or through a device.
with you on that. Same reason all that shit like netflix, facebook etc are all pre-installed. It never goes away. Even if you follow the 'instructions'. I had a some dumbass woman try to tell me that her pics she put in the trash bin actually were gone for good. This was after the san berdoo shooting (you remember they said "we can't hack the iphone" etc). Anyway she gave it to me and in 3 minutes went into the ROOT and pulled out three pics from 2 month's ago. The look was priceless.
She won't even look at me when I habben to see her now and then. Probably thinks I am a spy or some shit like that.
appreciate those too anon