PG&E CEO, execs receive more money amid rate hikes
Patti Poppe, chief executive officer of PG&E Corp., in San Francisco, California, US, on Thursday, July 27, 2023. PG&E, which was forced into bankruptcy four years ago following a series of deadly fires caused by its equipment, has ma
Executives at PG&E received major compensation last year, according to reports.
According to the East Bay Times, the company's chief executive officer, Patricia "Poppy" Poppe, made 20 percent more in 2023 than the year before.
A filing with the Securities and Exchange Commission shows that Poppe is among five executives who received big returns last year.
This comes as customers deal with more rate hikes.
PG&E profits soar after rate hikes
PG&E reports it made a $2.24 billion dollar profit last year — a 24% increase from the year before.
PG&E says executives' compensation is tied to delivering improvements in safety, operations, and financial performance.