The executive announced her resignation last fall following complaints over the utility's handling of Winter Storm Uri and media reports about her leadership. SanAntonio SATX SanAntonioTX CPSEnergy Utilities Texas TexasFreeze
Nice work if you can get it.
CPS Energy CEO Paula Gold-Williams, who resigned following public outrage over the company's handling of Winter Storm Uri, picked up a $1 million final paycheck on her way out the door,More than $751,000 of that total came in the form of a “restoration payment," the TV station reports, citing financial records. A lawyer for San Antonio's publicly-owned utility told KSAT the sum is a distribution of benefits from a taxable non-qualified retirement plan. So, now you know.
Padding out that already hefty total, Gold-Williams raked in $272,000 for unused vacation time accumulated during her 18 years on the job, according to the report. The payouts were on top of Gold-Williams' base salary of $486,000. What's more, she's eligible for a pension and has the option of staying on the company health plan as a retiree, the station reported. Officials declined to reveal the size of her pension, however, saying state law prohibits keeps it confidential.
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Final paycheck for Paula Gold-Williams topped $1 million, CPS Energy records showA majority of that money, more than $751,000, came in the form of a “restoration payment.” An attorney representing the utility described the payment late Tuesday as a distribution of benefits from a non-qualified retirement plan that is taxable when earned.
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