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Stock impact report

New head of LADWP will make $750,000 a year — nearly twice as much as her predecessor [Yahoo! Finance]

Pacific Gas & Electric Co. (PCG) 
Last pacific gas & electric co. earnings: 5/1 08:21 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/pg
Company Research Source: Yahoo! Finance
The Board of Water and Power Commissioners on Tuesday voted to approve a salary for Bass nominee Janisse Quiñones that is significantly higher than the $447,082 currently earned by General Manager Marty Adams. Quiñones, former senior vice president of electric operations at Pacific Gas & Electric Co., was picked by Bass after a nationwide search. Adams is retiring in June after four decades at the head of the troubled agency, where turnover is particularly high in the top ranks. The City Council last year approved a new salary range — $435,034.80 to $751,011.84 — for the general managers of the city's utility, port and airport, which went into effect in December after Adams announced his retirement. Top executives at investor-owned utilities, such as PG&E, typically earn multimillion-dollar salaries, while those at public utilities take home much less. Quiñones' salary is in line with top executives' salaries at the Omaha Public Power District in Nebraska and the Sacramento M Show less Read more
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