As Rates Rise, PG&E Executives Get Bigger Paydays

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istock_12821_cashmoneypile

Pineapple Studio/iStock

PG&E executives are getting a bigger paycheck. The utility paid its CEO and other key executives even more in 2023. The news comes after PG&E’s recent rate hike and rising profits. The Utility Reform Network says customers are outraged by the increases and have a right to be upset. In a statement, the company says their executives’ compensation was tied to making “improvements in safety, operational and financial performance that PG&E achieved in 2023.”