James Hunter

Sunday, August 9, 2015

Who pays SJWC Officers & Management Bonuses?

We're confronted with trying to understand if the bonuses amount, each participant's goals and successful accomplishment and the percentage of the bonus they receive. It's unlikely that since SJWC is a wholly owned subsidiary of SJW Corporation, we (ratepayers, customers, press, etc.) will ever have access to specific information. Rather the fact's are buried under a cloak of confidentiality, again we're confronted with another instance of CPUC support for non-transparency or openness, on it's own part and on behalf of the utilities it regulates. To be fair the decision was made in early January 2015.

Blogger comment: In the final analysis the question is really who should pay for management & officers bonuses? The shareholders or the ratepayers? Who benefits the shareholders or the ratepayers? The key to the question and you're a SJWC manager or officer, it's obvious that your pay, benefits and bonus are determined by the company's senior officers and Board of Directors, not by ratepayers (your customers). The SJWC Board of Directors represents the interests of the shareholders, not the ratepayers!

The following is an excerpt from the ORA Brief dated July 14, 2015, page 8-9:

The following is an excerpt from the SJWC response to the brief ORA dated July 28, 2015 page 8-9:

It should be noted that the in the original filing of the General Rate Case (GRC 1501002) increase request several sections in the hardcopy exhibits were not included as they were deemed by CPUC on the request from SJWC of making them "Confidential".

Blogger comment: In my opinion it's apparent the shareholders need to pay for the bonuses for SJWC Officers and Managers, since they are the ones who will profit.

Please send email,

make your opinion heard!

 If you are concerned about these issues, send email to CPUC at: District 5 United eForm eMail  Simply click on the "eForm eMail" and you will get a page to fill out the information and specify the reason for your opposition to the currently contested issues and continuing requests to de-couple their revenue from the requirement to do business efficiently and your concern about their lack of openness and transparency. 

Please consider pasting the following when you fill in the eForm:
"I OPPOSE SJWC paying management and officers bonuses with money included in our water rates, bonuses benefit shareholders, shareholders should pay the bonuses. Reference San Jose Water Company (SJWC) GRC 1501002."
You can also send an email to express your opinion on who should pay the bonuses you or the shareholders:
CPUC Public Advisopublic.advisor@cpuc.ca.gov  Reference San Jose Water Company (SJWC) GRC 1501002.The Public Adviser will insure your email will be sent to all the appropriate CPUC staff members. 

Other people to drop an email (note) and express your opinion are:

No comments:

Post a Comment