PG&E chief executive leaving as utility readies for possible bankruptcy [Los Angeles Times (CA)]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Los Angeles Times
PG&E chief executive leaving as utility readies for possible bankruptcy PG&E Corp. Chief Executive Geisha Williams is leaving as California’s largest utility owner nears potential bankruptcy. The San Francisco-based company has begun a search for a new CEO, according to a statement issued Sunday. PG&E general counsel John Simon will take the helm in the meantime. Williams, 57, took over as CEO in March 2017 and is leaving after a catastrophic three months for PG&E. “I will be leaving PG&E,” Williams said in a separate email, without providing a reason for her departure. “I value the opportunity I’ve had to lead PG&E and wish all of my colleagues well.” The company has seen two-thirds of its market value wiped out since November’s Camp fire — the deadliest wildfire in California’s history. Investigators have been probing whether the power giant’s equipment ignited the fire, along with its potential liability for blazes that devastated Northern California’s wine country in 2017 — costs
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PCG
News
- PG&E First Quarter 2024 Earnings: Revenues Disappoint [Yahoo! Finance]Yahoo! Finance
- Economic And Business Impacts Of FTC's Noncompete Ban [Forbes]Forbes
- PG&E CEO Says Soaring Power Bills Are Poised to Start Dropping [BNN Bloomberg (Canada)]BNN Bloomberg
- Warren Buffett 'got it wrong' on California fire risk, PG&E CEO says [Seeking Alpha]Seeking Alpha
- ‘Buffett Got it Wrong' on California Fire Risk, PG&E CEO Says [BNN Bloomberg (Canada)]BNN Bloomberg
PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 10-Q
- 4/4/24 - Form ARS
- PCG's page on the SEC website