PG&E bestowed pay raises on several executives during a year in which the company was convicted of crimes related to the fatal San Bruno explosion and amid spikes in monthly bills for customers, according to a regulatory filing Tuesday.
Geisha Williams, who was president of the utility’s electricity operations during the company’s 2016 conviction, harvested $4.2 million in total direct compensation, PG&E disclosed in an official filing with the Securities and Exchange Commission. That was 11.8 percent higher than 2015. Last month, Williams became PG&E’s new CEO.
Nickolas Stavropoulos, the president of the utility’s gas operations in 2016, captured $3.9 million in total pay, a jump of 9.2 percent from the year before, the SEC documents show.
Anthony Earley, who was chief executive officer throughout 2016 but exited his post in March, landed $11.7 million in total direct compensation in 2016. That was a 3.8 percent decrease in his compensation from 2015. When he left as CEO, Earley cashed in on $8.3 million in gains from the sale of stock, the SEC filing shows
John Simon, an executive vice president, Edward Halpin, chief nuclear officer, and Dinyar Mistry, a senior vice president, also received pay raises.
PG&E did not respond to a request for comment.
“I’m horrified to see these pay raises,” said Reah High, a resident of Shingle Springs, in El Dorado County, who said she has experienced steep spikes in her PG&E bill. “It’s terrible that PG&E would take so much for themselves and squeeze their customers.”
In addition to naming Williams its first female CEO, PG&E on March 1 appointed Stavropoulos as president and chief operating officer. Earley became executive chairman.
The regulatory disclosure on executive compensation came about three months after PG&E revealed that it had decided to eliminate 450 jobs. Subsequently, official PG&E filings with state labor officials showed that 265 of the lost jobs were located in the Bay Area.