Bankruptcy Bonuses

Beleaguered California utility Pacific Gas and Electric asked a federal bankruptcy judge late Wednesday to approve a $9 million compensation package for its new CEO and bonuses of up to $16.4 million for 12 key executives.

SAN FRANCISCO – Beleaguered California utility Pacific Gas and Electric asked a federal bankruptcy judge late Wednesday to approve a $9 million compensation package for its new CEO and bonuses of up to $16.4 million for 12 key executives.

Categories / Courts, Energy

Subscribe to our free newsletters

Our weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.