SAN FRANCISCO: PG&E Corp can pay employees up to US$350 million in bonuses this year to spur them to help meet the bankrupt California power provider's safety goals to prevent wildfires, a judge said on Tuesday.
Lowe said performance targets would be challenging to achieve and that targets for clearing trees and branches could be raised if PG&E's state regulator requires it. Investor-owned PG&E sought Chapter 11 bankruptcy protection in January facing the prospect of, potentially, billions of dollars in liabilities in the aftermath of devastating wildfires in Northern California in 2017 and 2018 linked or suspected to be linked to its equipment.
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