Though humiliated and driven from his position as Interim General Manager at City-owned CPS Energy for failing to divulge a multi-billion gap between CPS nuclear-expansion cost estimates and its partner Toshiba, Steve Bartley isn't suffering.
Under terms of his negotiated settlement agreement, Bartley was “given” nearly two years of service time with the utility so he could qualify to receive a pension from CPS under terms of an Early Pension program that allows employees 55 or older with 10 years of benefits service to retire with a pension. Bartley joined CPS in September, 2000, and resigned under fire on November 29, 2009.
While, former Vice President of Nuclear Development Bob Temple is seeking to block the release of the terms of his severance package with an appeal to the Texas Attorney General's Office, Bartley's settlement was released today to the Current through a Texas Public Information Act request.
In addition to receiving a company pension, Bartley will receive 15 months of base pay and 1.78 years of health care coverage for himself and his wife with the option of continuing health coverage through the City Public Service Group Health Plan into the future.
In fact, Bartley even got the money (“up to $5,000”) to hire an attorney to review the terms of the severance agreement with CPS.
For his part, Bartley agreed never to sue CPS, share CPS secrets “including any and all concepts, advertising information, techniques, processes, designs, trade secrets, business methods, cost data, computer programs, software, scientific or technical know-how, financial, marketing, manufacturing processes, research developments, business activities and operations, inventions, customer or client lists, industrial practices, financial statements and /or other business information, or any information CPS Energy specifically refers to as confidential information or labels as confidential information,” or ever utter any “derogatory comment” against the utility.
In another interesting clause, Bartley pledges to aid CPS in its existing and potential future legal troubles while CPS agrees to pay for Bartley's legal defense in any matters that pop up related to his time at the utility.
Of course, he'll still be under oath, right?
In 2008, Bartley earned $313,232 in base pay and $101,918 in incentive payments. It was unclear at press time what percentage of his pay he'd receive via the pension.
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