BERKELEY — PG&E Corp. CEO Bill Johnson will step down from his job just 14 months after the nation's largest utility hired him to rescue it from a financial mess caused by a history of negligence and to change a corporate culture that emphasized profits over safety. Johnson's June 30...
Utility’s Boss to Testify About Power Shutoffs in California
SACRAMENTO — The CEO of the nation’s largest utility is expected to face angry California lawmakers on Monday over the company’s decision to turn off power for millions of people to prevent its outdated equipment from starting wildfires. Pacific Gas & Electric Corp. CEO Bill Johnson is scheduled to testify...
PG&E Reaches $11B Deal With California Wildfire Insurers
SAN FRANCISCO — Pacific Gas & Electric and a group of insurers announced Friday they reached an $11 billion settlement to cover most of the claims from Califonria's wildfires in 2017 and 2018. The utility said in a statement the tentative agreement covers 85% of the insurance claims from fires...