[ad_1]
A PG & E truck carrying an American flag pbades in front of PG & E repair trucks in Paradise, California, November 21, 2018. REUTERS / Elijah Nouvel
(Reuters) – PG & E Corp is expected to appoint a new CEO next week and announce a new board of directors backed by some of its biggest investors, the Wall Street Journal reported on Saturday.
Bill Johnson, outgoing director of the Tennessee Valley Authority, is leading the new CEO of PG & E, the newspaper reported, citing people close to the case.
Johnson's new role was not finalized and other candidates were still being interviewed, the newspaper added.
The utility filed for bankruptcy protection in January in anticipation of forest fire liability, including the catastrophic fire of 2018 that killed 85 people.
Reportage of Ismail Shakil in Bengaluru; Edited by Daniel Wallis
Source link
