PG&E close to naming new CEO and board

|About: PG&E Corporation (PCG)|By:, SA News Editor

PG&E (NYSE:PCG) is likely to name Bill Johnson - retiring head of the Tennessee Valley Authority - as its new CEO as early as this week, as well as an overhaul of its board backed by some of its largest investors, WSJ reports.

The troubled California utility filed for bankruptcy protection in January, facing a fight to survive billions of dollars in potential wildfire liability costs, including the 2018 Camp Fire blaze that killed 85 people.

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