Good for the people at the top! Less so for everyone else. - Engineer Puget Sound Energy Employee Review

1.0
Apr 26, 2023
Recommend
CEO approval
Business outlook

Pros

Good place to get training for your career.

Cons

the pay is very bad. Since 2019, PSE claims they are hurting financially (like every other company), but the people at the top are getting huge bonuses. This information is publicly available on sec.gov. The pay for our CEO, Mary Kipp, is as follows: • 2022 base pay: $991,585, bonus: $3,769,346 • 2021 base pay: $923,923, bonus: $3,490,322 • 2020 base pay: $891,667, bonus: $4,404,899 • Previous CEO (before 2019) base pay: $989,799, bonus: $10,784,569 • The total bonus for all executives from 2019-2022 is $42,805,267. However, we have had to deal with drastically cut bonuses, raises that don’t match inflation, cutting the amount PSE pays toward benefits (they snuck this one in and never told us), reduced headcount, and not filling positions after people leave or trying but can’t hire anyone because the pay is low. They are also in talks with outsourcing companies. They recently reversed the work-from-anywhere-in-WA policy, which might force some of us to buy a car, commute long distances, or even sell our houses to keep our jobs. During all of this the CEO the gives herself multimillion dollar bonuses.

Explore other reviews about Puget Sound Energy

5.0
May 28, 2026
Recommend
CEO approval
Business outlook

Pros

Love the people, great life balance, very interesting work

Cons

Salaries aren't as high as in tech, where many people in the Seattle/Bellevue area work, although benefits are fantastic

4.0
Jun 25, 2026
Recommend
CEO approval
Business outlook

Pros

Great Work Life balance and lots of opportunity for hands on experience, VERY stable employment, no corporate drama, everyone for the most part tries to get along and play nice

Cons

Not a tech company so the scope of internal projects and experience needed for software engineering is limited. More focused on implementing enterprise infrastructure and SaaS services. Compensation for SWE is a bit lower than the main FAANG competitors.

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