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Executive Compensation
Each electrical corporation must obtain approval of its executive compensation structure from Energy Safety.
In order to be issued a Safety Certification, electrical corporations must obtain approval on their Executive Compensation Structure from Energy Safety to ensure compensation structures incentivize safety.
Documents
- Dec. 22, 2020: WSD Guidance on Submission of Executive Compensation Approval Requests by Electrical Corporations Pursuant to Public Utilities Code 8389(e)(4) and 8389(e)(6)
- March 24, 2021: WSD Letter Inviting Stakeholder Comments on Executive Compensation Supplemental Submissions
- September 29, 2021 Executive Compensation Workshop:
- Executive Compensation Workshop Notice
- Executive Compensation Workshop Agenda
- Introductory Presentation
- Overview of Executive Compensation Practices in Investor-Owned Utilities
- Bear Valley Electric Service Presentation
- Southern California Edison Company Presentation
- Pacific Gas and Electric Company Presentation
- Potential Changes to Public Utilities Code Section 8389(e)(6) Compliance Guidance
- Executive Compensation Research Results Presentation
- Presentation on Potential Changes to Executive Compensation Guidelines
- Zoom Transcript of the September 29, 2021 Executive Compensation Workshop
- Zoom recording of the September 29, 2021 Executive Compensation Workshop
Utilities
2021
- Revised Bear Valley Electric Service Executive Compensation Plan
- Bear Valley Electric Service Executive Compensation
- PG&E Executive Compensation
- SCE Executive Compensation
- SDG&E Executive Compensation
2020
- PG&E Executive Compensation
- PG&E’s Executive Compensation Structure will be evaluated in Investigation (I.)19-09-016
- SCE Executive Compensation
- SDG&E Executive Compensation
Comments Received
Parties’ comments regarding the proposed Executive Compensation Plans:
- Apr. 30, 2021: TURN Comments on 2021 Executive Compensation Supplemental Submissions
- Apr. 30, 2021: Comments of the Public Advocates Office on Supplemental Submissions Requesting Approval of 2021 Executive Compensation Structures
- Feb. 5, 2021: BVES Response to Public Advocates Office Comments on BVES 2021 Executive Compensation Plan
- Feb. 5, 2021: SDG&E Response to the Comments on Its 2021 Executive Compensation Submission
- Jan. 29, 2021: TURN Comments on Executive Compensation
- Jan. 29, 2021: Public Advocates Office Comments on Electric Utilities’ Executive Compensation Plans for 2021
- Feb. 11, 2020: SCE’s Response to Comments by CEJA and TURN
- Feb. 11, 2020: SDG&E’s Response to Comments by CEJA and TURN
- Feb. 5, 2020: TURN Comments on the Executive Compensation Plans submitted by SCE and SDG&E
- Feb. 5, 2020: CEJA Comments on the Executive Compensation Plans submitted by SCE and SDG&E