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The Orange County Register has an excellent watchdog piece this week on pay and expense account reimbursement for Southern California Edison (SCE) executives. The data came from a filing with the California Public Utilities Commission (CPUC). The best-paid 10% of executives raked in $418.8 million in total compensation during 2011 and charged almost $12 million on their expense accounts. Four Edison executives charged more than $100,000 on their expense accounts. The champion charged a whopping $192,402 on his expense account. The company refused to reveal what the expenses were for, but you can bet that much of that money went to wining and dining people within the CPUC -- a common practice, as Reader columns have shown.

The report shows that 19 SCE employees raked in more than $1 million in total compensation. Peter Thomas Dietrich, senior vice president and chief nuclear officer overseeing SCE's business at the San Onofre nuclear plant, gobbled up $1.3 million in compensation, including a performance-based bonus of $288,264. Performance-based bonus?

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Comments

dwbat Feb. 6, 2013 @ 9:23 a.m.

So Dietrich said something like: "Well, I've looked around the whole plant, and everything looks great to me. No problems. Now where's my $288k bonus?"

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Don Bauder Feb. 6, 2013 @ 11:05 a.m.

dwbat: I would not be surprised if those were the exact words. Best, Don Bauder

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Don Bauder Feb. 6, 2013 @ 11:08 a.m.

SurfPup: Crony capitalism is one apt description. Another is "rape the utility customer." Best, Don Bauder

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ImJustABill Feb. 6, 2013 @ 9:08 p.m.

"The champion charged a whopping $192,402 on his expense account."

Wining, dining, and bribing politicians and CPUC officials is expensive.

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Don Bauder Feb. 7, 2013 @ 7:21 a.m.

ImJustABill: I have written in some detail about the junkets to foreign countries that CPUC officials take, courtesy of the utilities. But that tab may not even be part of the $192,402 expense account. Unfortunately, the CPUC report doesn't break down the specific expenses. Best, Don Bauder

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Burwell Feb. 7, 2013 @ 12:01 a.m.

The money doesn't sound like a lot with top drawer hookers charging $2,000 an hour. A hundred grand ain't what it used to be.

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Don Bauder Feb. 7, 2013 @ 7:27 a.m.

Burwell: Leave it to Burwell to shine light on a $192,000 expense account. Politicians in Sacramento and Washington do not live on bread alone. And they do insist on top drawer services. Best, Don Bauder

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