Watch: Extended one-on-one interview with PG&E CEO Patti Poppe
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- čas přidán 25. 04. 2024
- NBC Bay Area’s Raj Mathai sat down for an exclusive interview with PG&E CEO Patti Poppe.
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She says her salary is at risk based on the performance of the country, but she's already made over 60 million in the past few years... Like it will really affect her quality of life.
I read somewhere that most of that income is in stocks that will only vest after the CEO leaves, so the final value would basically depend on how well they did. I do wonder how that affected the incomes of the previous management, the ones who mismanaged the whole thing. I wish Raj had asked about how the previous management was made accountable.
We're not just afraid of the infrastructure, we're afraid to use our gas and electricity because of the bill.
More communities need to take back their utility ownership. Palo Alto owns the electric utility and they charge $0.22/kWh instead of the $0.47/kWh by PG&E. Modesto has their own utility and charges $0.28/kWh. PG&E is run by the state and if you look at gas prices, you know the answer.
PGE is an investor owned utility company not state or municipal owned.
@@johnthompson7548 they are controlled by the PUC which is controlled by the governor. So while not owned by the municipality l, they are controlled by them and allowed to raise rates all the time
although earlier I commented, I’m a PG&E customer. however, I listen to the questions that Raj Mathai asked them to the CEO Patti. I don’t hear that she answered to the right questions.All I can hear was just answers from submitted monthly or quarterly or annual reports to make a PG&E picture looks good, but did not answer his questions about lowering customer’s electric or gas bills that we can effort in our budget not a 100% increase. No wonder why she makes an annual income of 17 millions. She can pay the bill or maybe even discount because she works for PG&E. I made less than $2000/month gross from retirement income. My 2023 November, December bills and January 2024 were over $150 per billing cycles under a CARE program. I pay my bill every month to have credit in the account in case I no longer can pay PG&E bill…my electric won’t get shut-off!! Perhaps she should put fraction of her $17 millions in come pay my bills until I leave this world (hopefully I don’t live pass 100 years old less than 32 years)
$150 after the discount? That's crazy :o I pay about $50 in an apartment.
P G E don't give a damn about their customers 😡 very very sad for the people 😮😮😢😢
Disappointing fact checking by @nbcbayarea: PGE restarted issuing their dividend in January 2024, and has continued asking for rate increases throughout 2024 with one approved in March and another on the docket for later this year.
She serves the shareholders. This propaganda is not convincing.
Give us our money back from all of the deferred maintenance you didn’t do so you could put our money in the profit column and therefore report enormous income for shareholders and therefore give raises to executives for 20+ years. Then maybe we’ll trust you. Pay for everyone’s insurance premium increases because of the wildfires you caused by not maintaining your infrastructure. Then maybe.
Citizens in Oroville and San Mateo died because of negligence and the rate payers are paying the fines.
They should have charged those fines to all of the previous management!!
17 million.. ya Patti really knows how families feel. Fuck PGE. Their negligence burned how many communities to the ground? And now we foot the bill.
Future looks bright!!!
Path forward is to charge our customers an arm and a leg. Raise the rate every quarter and raise the pay to the executives. How much is she making in 2023? $17 million
What was the previous CEO making?
Typical corporate answers. The responses below speak for themselves and I agree with a majority of them. Raj did a great job in this interview by asking the questions we want answers to as well as pushing back and trying to highlight the hypocrisy. Thank you Raj 👏🏼👏🏼👏🏼👏🏼👏🏼
So, we are investors? How many shares do we get per % raised?
I'd love to be able to "trust them" to not incinerate their customers like they did in San Bruno and Paradise
Bruno was real deal crazy shit..my #2 being 89' quake #1 in the area
She’s a friggin vampire.
and exactly what wall street wants
PGE should be facing a statewide class action lawsuit for damages, theft, and fraud. It should be dissolved, dismantled and defunded. We should be able to claw back everything they stole. Imagine her annual salary is enough to buy 5-6 high end luxury homes in California. For what?
Lowering the damn rate would be the first step with earning our trust
Greedy, arrogant, negligent and untrustworthy - that's PG&E. They've already asked for permission to raise prices by another 12% next year, " we're working on forecasting what those reductions are going to be" my ass. And then the big BS crescendo "Getting up every day knowing that my job is to enable healing our planet and creating an ecosystem that serves our children and grandchildren, tht motivates me."
I’m not sure why she won’t just say rates are going up because we are not optimizing for just cost anymore we are optimizing for clean energy and greater safety in addition to cost. It’s pretty simple
So why are users paying for it...she didn't answer that question.
She keeps blaming everything on the previous management but doesn't say if they got fined for any of this.
What can the government do for your monopoly...
The 67million dollar question......!
Raj, PG&E has a proposal for 32% rate increase between 2023 to 2026. How could rates come down in 2025 and 2026 when the current proposal is for more rate increases?
No dividend and the stock is lower than it was 5 years ago. Rates doubled. $2 billion profits went where?
The insurance industry thinks you’re full of $#it with your ridiculous assertions about a 94% reduction in wildfire risk.
0:04 it’s because people are pissed at PGE
I remain convinced that we need a state owned utility company. There is no point in having a private company running our energy system. Dismantle PG and E.
Delist PGE (PCG) from the stock market.
I wonder how much was her bonus?
Do you smell that ? It's bs FPG&E
This interview was so difficult to look at and to see how CEOs and the 1% can
demonstrate how truly out of touch they are with their customers.
I realize that she would have NO inclination to do it, but maybe we as rate
payers should require that she, all of the board, and those on the PUC be
required to spend a week with a family in the bottom 25%, to experience the
repercussions of each rate increase.
Pacific GREED and energy
Do you expect the power rate stay same as a few years ago? Not seeing inflation affected everything including food, gas, etc?
Back into the board members' pockets.
BS. End of the day, rate is still higher than last year.
Pretty clear on the 30% (mandates)...🙄
What about the 70%???🤷🏾
I’m a PG&E customer and I appreciate the company although sometimes I have to pay high bill but they always reconsidered and help me out. Thank you, PG&E.
👃🏾
I just ran down stairs and shut my of my heater pilot of, we have only have a 25 gal gas water heater, and we use a couple electric heaters this winter to avoid using any gas because they sold it all to Europe at inflated prices because Joe dropped the B O M B on those pesky Russians. No where in all this did anyone say destroying infrastructure was a good idea, perhaps a NEOCON agenda, but not mine, and I didn't sign the check for any of this. Does not take a rocket scientist to figure our power grid is like 100 years old, with the vast majority of it being 50-60 years old and that it might be time to start investing in some new copper, power poles, and cutting some of the bush back man, and I mean bush trees!..... lol
😈
CONCOW FIRST BURNT HAS BEEN TOTALLY BEEN IGNORED BY PG&E. SHE LIES ,THEY ARE MAKING GREED MONEY ON THE USERS.
Oh come on...heal our planet. She wakes up for that fat salary.