Executive Compensation Programs

Pursuant to Public Utilities Code 8389, in order to receive safety certifications beyond initial certifications, electric corporations must submit to the Wildfire Safety Division a request for approval of their executive compensation programs to ensure programs adequately account for and 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

 

Utilities

2021

• Bear Valley Electric Service Executive Compensation
  • Cover Letter
  • WSD Action Statement Denying BVES Executive Compensation Structure
   

• 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
  • Overview of SCE Executive Compensation Structure
  • 2019 SCE Corporate Performance Scoring Matrix
  • SCE Response to WSD Data Request re: Exec Comp
  • Approval Letter from WSD
   

• SDG&E Executive Compensation
  • Overview of SDG&E Executive Compensation Structure
  • Approval Letter from WSD
   

 

Comments Received

Parties' comments regarding the proposed Executive Compensation Plans:

• 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