The California Public Utilities Commission wants solid proof that Pacific Gas & Electric\u2019s announcement that its shareholders, not utility ratepayers, will be on the hook for the $35 million retirement package of outgoing PG&E chief executive officer Peter Darbee. In an April 26 letter, commission energy division director Julie Fitch told PG&E to immediately credit $9.6 million of Darbee\u2019s pension benefits to a ratepayers\u2019 pension account and provide \u201can audited accounting\u201d of the transfer. \u201cCPUC staff reserve the right to audit PG&E\u2019s pension accounting at any time in the future to ensure that PG&E\u2019s corporate commitment is honored permanently,\u201d Fitch also wrote. The other $25 million in Darbee\u2019s golden parachute includes an estimated $21.2 million in stock vesting over the next three to five years, $2.8 million in deferred compensation and $1.1 million in a short-term incentive. The utility announced last week that Darbee was retiring, effective April 30, and that he would reap an estimated $35 million in benefits, stock, and awards. (Current, April 22, 2011). On April 25, PG&E Corp. announced that its board of directors approved shareholder funding for Darbee\u2019s retirement package. \u201cIt is the right thing to do and is in the best interest of their customers, particularly given the difficult economic times and the tenuous economic recovery now underway,\u201d Mike Peevey, CPUC president, stated April 25. \u201cA $34.8 million retirement package for someone already receiving $8.4 million a year makes a mockery of the term \u2018reasonable\u2019,\u201d said Carl Wood, Utility Workers Union of America director of regulatory affairs. The CPUC in PG&E\u2019s general rate case covering 2007-2010 approved rate recovery for $417 million in pension costs--$98 million for 2007, $102 million for 2008, $106 million for 2009 and an estimated $111 million for 2010. PG&E seeks $163 million in pension and related costs for 2011.