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Stock impact report

CEO of California utility PG&E steps down as company faces potential wildfire liabilities [CNBC]

Pacific Gas & Electric Co. (PCG) 
Last pacific gas & electric co. earnings: 5/1 08:21 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/pg
Company Research Source: CNBC
CEO of California utility PG&E steps down as company faces potential wildfire liabilities Justin Sullivan | Getty Images A Cal Fire firefighter sprays water on a home next to a burning home as the Camp Fire moves through the area on Nov. 9, 2018 in Magalia, California. PG&E PG&E Executive Vice President and General Counsel John Simon has been named interim CEO while the company conducts a search. "While we are making progress as a company in safety and other areas, the Board recognizes the tremendous challenges PG&E continues to face. We believe John is the right interim leader for the company," PG&E Chairman Richard Kelly said in a statement. Reuters reported earlier on Sunday that PG&E was in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings, a sign that Chapter 11 filing preparations are intensifying in the face of potentially staggering liabilities, sources said. PG&E said in November it could face "significant Show less Read more
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