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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
- Proposed Final 2024 Executive Compensation Guidelines and Cover Letter – 12/5/23
- Draft 2024 Executive Compensation Structure Submission Guidelines and Cover Letter – 10/20/23
- Approved 2023 Executive Compensation Guidelines – 11/28/22
- Schedule for 2023 submissions and reviews – 11/16/22
- Notice for the November 28, 2022 approval meeting – 11/16/22
- Draft 2023 Executive Compensation Structure Submission Guidelines – 9/15/22
- Approved 2022 Executive Compensation Guidelines – 2/14/22
- Public Hearing – 2/14/22
- Notice and Draft 2022 Executive Compensation Guidelines – 12/2/21
- Executive Compensation Workshop – 9/28/21
- 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
- WSD Letter Inviting Stakeholder Comments on Executive Compensation Supplemental Submissions – 3/24/21
- WSD Guidance on Submission of Executive Compensation Approval Requests by Electrical Corporations Pursuant to Public Utilities Code 8389(e)(4) and 8389(e)(6) – 12/22/20
Utilities 2023
2023
- Bear Valley
- Energy Safety Approval of Bear Valley’s Executive Compensation Structure Submission – 9/20/2023
- Energy Safety’s Draft Decision on Bear Valley’s Executive Compensation Structure Submission – 8/8/2023
- Bear Valley 2023 Executive Compensation Structure Submission – 3/13/2023
- PG&E
- Energy Safety Approval of PG&E’s Executive Compensation Structure Submission – 9/20/2023
- Energy Safety’s Draft Decision on Pacific Gas and Electric’s Executive Compensation Structure Submission – 8/8/2023
- Pacific Gas and Electric’s 2023 Executive Compensation Second Revision – 4/25/2023
- Pacific Gas and Electric’s 2023 Executive Compensation First Revision – 3/27/2023
- Pacific Gas and Electric’s 2023 Executive Compensation Structure Submission – 3/13/2023
- SDG&E
- SCE
Utilities 2022
2022
- Bear Valley
- PG&E
- Energy Safety Approval of Pacific Gas and Electric’s Executive Compensation Structure Submission – 7/28/22
- Pacific Gas and Electric 2022 Executive Compensation Second Revision – 5/2/22
- Pacific Gas and Electric 2022 Executive Compensation First Revision – 3/14/22
- Pacific Gas and Electric 2022 Executive Compensation Structure Submission– 3/14/22
- SDG&E
- SCE
2021
- BVES
- Energy Safety approval of BVES’s Revised Compensation Plan – 8/12/21
- Revised Bear Valley Electric Service Executive Compensation Plan – 5/24/21
- Cover Letter for Revised Compensation Plan – 5/24/21
- WSD Action Statement Denying BVES Executive Compensation Structure – 4/14/21
- Bear Valley Electric Service Executive Compensation – 1/15/21
- Cover Letter – 1/15/21
- PG&E
- SCE
- SDG&E
2020
- PG&E
- PG&E Executive Compensation – 1/17/21
- PG&E’s Executive Compensation Structure will be evaluated in Investigation (I.)19-09-016
- SCE
- SDG&E
- Approval Letter from WSD – 6/30/20
- Overview of SDG&E Executive Compensation Structure – 1/27/20
- SDG&E Executive Compensation – 1/17/20
Comments Received
Parties’ comments regarding the proposed Executive Compensation Plans:
- PG&E Comments on Draft 2022 Executive Compensation Guidelines – 1/3/22
- SDG&E Comments on 2022 Executive Compensation Guidelines – 1/3/22
- Comments of the Public Advocates Office on the Draft 2022 Executive Compensation Guidelines – 1/3/22
- SCE Comments on the Draft 2022 Executive Compensation Guidelines – 1/3/22
- BVES Comments on Initial Proposals for 2022 and 2023 Executive Compensation Guidelines – 10/15/21
- SCE Comments on Initial Proposals for 2022 and 2023 Executive Compensation Guidelines – 10/15/21
- SDG&E Comments on Initial Proposals for 2022 and 2023 Executive Compensation Guidelines – 10/15/21
- PG&E Comments on Initial Proposals for 2022 and 2023 Executive Compensation Guidelines – 10/15/21
- TURN Comments on 2021 Executive Compensation Supplemental Submissions – 4/30/21
- Comments of the Public Advocates Office on Supplemental Submissions Requesting Approval of 2021 Executive Compensation Structures – 4/30/21
- BVES Response to Public Advocates Office Comments on BVES 2021 Executive Compensation Plan – 2/5/21
- SDG&E Response to the Comments on Its 2021 Executive Compensation Submission – 2/5/21
- TURN Comments on Executive Compensation – 1/29/21
- Public Advocates Office Comments on Electric Utilities’ Executive Compensation Plans for 2021 – 1/29/21
- SCE’s Response to Comments by CEJA and TURN – 2/11/20
- SDG&E’s Response to Comments by CEJA and TURN – 2/11/20
- TURN Comments on the Executive Compensation Plans submitted by SCE and SDG&E – 2/5/20
- CEJA Comments on the Executive Compensation Plans submitted by SCE and SDG&E – 2/5/20