May 2016, Vol. 243, No. 5

In The News

Despite Leak, Sempra CEO Gets Hefty Bonus

The same year a broken Sempra Energy storage well created the biggest natural gas leak in U.S. history, CEO Debra Reed earned her largest bonus yet. While Reed received no payout for the part of her 2015 bonus that’s tied to customer satisfaction and pipeline safety at two Sempra utilities, amounting to about $130,000, she was awarded $3.17 million because the company’s earnings exceeded targets, according to a company statement. Her total pay package was $16.1 million in the fiscal year ending Dec. 31. Reed’s compensation was the most among CEOs of utilities in the Standard & Poor’s 500 Index, which reported pay for the 2015 fiscal year, according to data compiled by Bloomberg. The cu

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