Bloomberg The person to lead California utility giant PG&E Corp. out of the biggest utility bankruptcy in U.S. history may be Bill Johnson, the outgoing chief of the Tennessee Valley Authority, a federally operated utility. Johnson is PG&E’s top pick for chief executive, people familiar with the situation said, while cautioning that the company hasn’t made a final decision and …
PG&E Corp., which owns California’s largest electric utility, filed for bankruptcy protection Tuesday in anticipation of huge legal claims, starting an unpredictable process that could take years to resolve and is likely to result in higher energy bills for the millions of Californians who depend on Pacific Gas & Electric for power. PG&E’s bankruptcy could slow California’s fight against climate …
Consumer advocate Erin Brockovich, outside the state Capitol on Tuesday, has urged lawmakers not to let PG&E go bankrupt. In an emailed statement, PG&E spokeswoman Lynsey Paulo said the company’s board unanimously chose to pursue a Chapter 11 filing “following a comprehensive review with the assistance of outside experts and at management’s recommendation.” “Resolving our legal liabilities and financial challenges …
