11-15-18 More than nine in 10 utilities executives (94%) believe that their electricity distribution business’ earnings growth will remain under severe pressure until approximately 2025. However they’re far more optimistic about earnings growth potential in the subsequent years, driven by efficiency and improved network performance enabled by the latest digital technologies and new business opportunities, according to a new study from Accenture….
After several years of disruption — driven by regulatory pressure, new technologies such as distributed generation, shifting consumer dynamics and weaker demand — the challenging environment will continue to stymie distributors’ earnings growth in the near term. https://www.tdworld.com/distribution/most-electricity-distribution-utilities-are-optimistic-and-expect-earnings-grow-beyond
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11-1-2017
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11-15-18 It means PG&E could ask for a bailout from the state. And it means that while everybody figures out how to pay for the recovery, nobody is going to be figuring out how to pay for the new equipment and infrastructure necessary to prevent old power lines from starting forest fires.
These are the kind of things that happen to a nation (or corporate/finance structure) in decline. https://abovethelaw.com/2018/11/will-pges-liability-shield-work-better-than-its-equipment/
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a few PG&E employee reviews—problem areas include:
great $$ bad management
Operating Clerk (Former Employee) – CA – November 13, 2018
this company offers great pay and benefits. On the other hand they have put many supervisors and managers in in positions where they are so disconnected from the actual work their teams are doing....it creates a lot of distrust and mis management of resources.
More interested in share holders than stake holders
CREW FOREMAN (Former Employee) – Hayward, CA – October 1, 2018
My experience at PG&E saw the company lose its reputation as a company that cared for its employees and customers, to a company that cared only for its bottom line and stock value. It neglected its obligation to the public to perform proper maintenance of its infrastructure in order to lower its operating costs on a regular basis year after year, resulting in severe consequences to public safety.
The upper management disregarded any concerns of its employees in the field, and kept an "ivory tower" attitude toward its management style and decision making. All this, of course, is typical of the corporate philosphies being prcticed across Corporate America today.
Good work life balance, but large bureaucratic company
Principal, Enterprise Risk Management (Current Employee) – San Francisco, CA – September 25, 2018
The company offers good benefits on average, although below comparisons to other Bay Area companies. Leadership is not great. Very few people who know what they are doing and most work gets delegated down because no one knows what they are doing. Advancement is based on your relationships, not your performance or qualifications. You will very often hear that "you don't need to be an expert to be a leader" here.
Pros
Solid benefits, lots of opportunities to work on different things and move around
Cons
Senior management, affordability, leadership, and layers upon layers of middle management
Not terrible but bad enough
Full Time Employee (Former Employee) – San Ramon, CA – August 27, 2018
I did not enjoy my time there. My manager was the reason I left. She would tell me to do things one way, one day; and then berate me for not doing it another way. I would show her the notes I took when she would tell me how she wanted something done, and she would become even more irate towards me. Every day sucked. I finally decided to quite, finish my MBA and go to a happier company and more enjoyable position.
Pros
Decent benefits
Cons
lack of organization, lots of silos in the company
Management is terrible, coworkers tend to be stuck in old ways with no desire to make changes for the better
Senior Supply Chain Analyst (Current Employee) – Concord, CA – August 20, 2018
the company is stuck in the old ways, and most people who have worked at the company for 25+ years refuse to change. management plays favorites and retaliates if anyone speaks up.
Used to be great
Manager, Business Finance (Former Employee) – San Francisco, CA – July 31, 2018
PG&E used to be a great company to work for. The mission was clear and leadership had a vision to be the best. Last few years have been rough and they have a strong focus now on cutting costs. This includes layoffs which leads to low morale among employees. The mid-management and director level can be hit or miss. If you are unlucky and get tied to a poor organization, you're time won't be happy because they don't know what they're doing. If lucky, the work the can be great and rewarding. i've had both.
Pros
benefits
Cons
poor leadership
Old fashioned and out of touch
Analyst (Former Employee) – San Francisco, CA – May 3, 2018
Many people work at PG&E quite successfully. I never did. The company is too heavy in middle-management positions and uses outdated means of management. Even though the CEO is female, the culture is that of a good 'ol boys club.
Pros
Decent salary
Cons
Outdated offices, poor management structure
decline to state
Sr. Program Manager (Former Employee) – San Ramon, CA – March 30, 2018
I do not wish to go into detail. My comments are reflected in my answers to your previous questions. Management is poorly selected and good managers get laid off or fired. Too much turnover. PG&E is following the philosophy in OT that cheaper (offshoring to India) is better, which is not true. Plus, grading system for raises is horribly done; people can have little chance if any of advancement. Managers are poorly trained and most do not support their people.
Work environment
Computer Programmer Analyst (Former Employee) – San Francisco, CA – September 14, 2017
I had, which I refused, to play politics. Too much finger-pointing. Not much cooperation with other teams. Lack of opportunities for advancement. Unfriendly.
Excellent company, but run by idiots
Roving Operator (Former Employee) – Auberry, CA – June 20, 2017
The best way I can describe PG&E is that it's a great company run by a bunch of idiots and sprinkled liberally with a bunch of gossips. The safety program, however, is the best I've seen of any company. I feel the pay and benefits are outstanding and training is top-notch.
Pros
Excellent pay and benefits, serious commitment to safety, beautiful workplaces.
Cons
Management (at certain locations) makes decisions based on gossip.
Not a good place for IT
Programmer Analyst (Current Employee) – San Ramon, CA – May 25, 2017
PG&E is a big company and there are some great departments, but the IT department is poor and not well managed. How well you are treated (training, resources, etc.) depends on which group/city you are in.
If you are in the wrong group:
- you are given systems to support without any documentation or training.
- your systems will be treated like a "set it and forget it" by management. As long as a system works, your requests to revisit or improve will be denied.
- the best projects will be given to consultants and as an employees you will be left to do maintenance work.
- as a current employees you will be treated like "old blood" no matter what skills or self-learning you have done.
On the positive side, because the training is horrible, the employees who actively try to keep up their skills are great self-starters and self-learners. Very smart people overlooked by management.
Pros
Work Life Balance, Focus on Safety/Ergo, Benefits
Cons
Poor IT Management
Sad
Customer Service Representative (Former Employee) – Sacramento, CA – May 6, 2017
Too strict too many politics I would be at my computer someone would come behind me and say Im not sitting correctly and then start to measure how far/close I am etc. Very stressful environment
Pros
Free lunch
Cons
Like a high school
PG&E is a terrible place to work.
Unix / Linux Systems Administrator (Former Employee) – Fairfield, CA – April 5, 2017
Terrible company to work for. Outsourced American IT jobs to India in January of 2017. The company did not disclose this to the media, only that they had a workforce reduction. False! They backfilled the American jobs with lower paid workers in India.
Too many layers of management with very poor business sense. VP's and Directors brought their ways that took down their former companies to PG&E, and in turn, are bringing down PG&E. Wonder why they have changed their electric pricing tiers? How about gas the recent increase in gas rates?
Pros
Good benefits
Cons
Poor management, VP's and Directors need to go. https://www.indeed.com/cmp/Pacific-Gas-and-Electric-Company-(pg&E)/reviews?ftopic=paybenefits&start=80
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