PG&E Corporation 2001 Officer Short-Term Incentive Plan Financial Performance Measure

Summary

This document outlines the 2001 Short-Term Incentive Plan (STIP) for officers of PG&E Corporation and its subsidiaries. The plan, approved by the Nominating and Compensation Committee, sets out how incentive awards are determined based on financial performance measures, primarily corporate and subsidiary earnings per share (EPS). The plan specifies different performance weightings and criteria for various officer groups, linking incentive payouts to specific EPS targets and other operational metrics. The plan is effective for the 2001 performance year and applies to officers across PG&E Corporation and its subsidiaries.

EX-10.14 27 dex1014.txt DESCRIPTION OF STIP FOR OFFICERS OF PG&E CORP. - -------------------------------------------------------------------------------- EXHIBIT 10.14 CONFIDENTIAL ___________________________________________________________ 2001 OFFICER SHORT-TERM INCENTIVE PLAN FINANCIAL PERFORMANCE MEASURE ___________________________________________________________ Nominating and Compensation Committee of the Board of Directors December 20, 2000 [LOGO] PG&E Corporation ---------------- - -------------------------------------------------------------------------------- 2001 Officer STIP Financial Performance Measure ================================================================================ Background Short-Term Incentive Plan Structure - ----------------------------------- . At its meeting on September 20, 2000, the Nominating and Compensation Committee reviewed and approved the 2001 STIP structure for officers of the Corporation and each subsidiary. The structure (see Appendix A) established the weighting of corporate EPS, subsidiary EPS, and other performance factors for officers. The structure requires an implementing methodology to link the EPS performance levels to threshold, minimum, and maximum incentive payout levels, which is contained in this document. 2001 Officer STIP Financial Performance Measure Appendix B ================================================================================ 2001 Short-Term Incentive Plan Structure