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EXHIBIT 10.14
CONFIDENTIAL
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2001 OFFICER SHORT-TERM
INCENTIVE PLAN FINANCIAL
PERFORMANCE MEASURE
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Nominating and Compensation
Committee of the Board of Directors
December 20, 2000
[LOGO] PG&E Corporation
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2001 Officer STIP Financial Performance Measure
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Background
Short-Term Incentive Plan Structure
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. 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
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2001 Short-Term Incentive Plan Structure
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Officer Group Award Component Weight Performance Measures
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PG&E Corporation Corporate Financial Performance 100% Corporate EPS from operations
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President & CEO - PG&E Corporate Financial Performance 50% Corporate EPS from operations
National Energy Group Subsidiary Performance 50% Respective subsidiary contribution to corporate
President & CEO - Pacific Gas and EPS from operations
Electric Company
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Pacific Gas and Electric Co. Corporate Financial Performance 25% Corporate EPS from operations
PG&E National Energy Group Subsidiary Financial Performance 50 - 75% Respective subsidiary contribution to corporate
Pacific Venture Capital, LLC EPS from operations
PG&E Telecom, LLC Subsidiary Operational Performance 0 - 25% Financial, operating, and service measures
determined by Subsidiary CEO
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