PG&E is a private company and what they pay their executives is a matter for their shareholders and their board.
Overseen by the California Public Utilities Commission..apparently their oversight is very short sighted.
It’s a regulated monopoly in California just as in most all states.
They do a terrible job. Our power goes out routinely but hey, we get texts and really keen websites to show us just how long their ancient equipment will be down.
An ordinary rainstorm is usually enough to start rolling blackouts.
PG&E blew up a whole damn neighborhood in the Bay Area bout a decade ago, I watched the plumes from my office. Knew almost immediately what happened: ancient pipes cracked and caused gas geysers in a San Bruno development.
They get fined and pay it with increased rates.
It’s the worst power company in America. Power companies in the surrounding states do far, far better under harsher weather conditions and also take up the slack for PG&E.
It’s not all their fault. Much of their problems come from the insane conditions imposed on them. But a lot of it IS their fault - paying the dividend and big salaries is what they’re focused on. Paying some token a ludicrous bounty to be the Big Cheese of this disaster of a company is well...ludicrous.