Ed Bedford 2:59 a.m., May 22
Did you charge more than $100,000 on your expense account?
Four Edison executives did in 2011; one wrote off $192,402.
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?