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The Chief Executive Officer of Pacific Gas and Electric, California's largest utility, resigned as the company risked bankruptcy and criminal charges after The deadly fire of Camp Fire, announced Sunday the company.
Geisha Williams was the executive director. Pacific Gas and Electric Co., or PG & E, since March 2017, when she became the CEO of a Fortune 500 company based in Latina. John Simon, Executive Vice President and General Counsel of the Public Service, will assume the position of Interim Executive Director while PG & E will look for a permanent leader, the company said.
PG & E is in crisis after the last fire in this camp that killed at least 85 people in Northern California. year. Last month, California Attorney General Xavier Becerra told a federal judge that the company could be sued for murder.
At the same time, the company would consider applying for bankruptcy protection because its share price dipped after a statement in November. that he could be held responsible for billions of dollars more than his fire insurance coverage last year and in 2017.
The camp fire, which s & # 39; Is declared in November, was the most expensive national disaster in the world in 2018, causing more than $ 16 billion The German insurance company Munich Re announced this month that in damages, the three quarters were not insured. The California Insurance Department said that the camp fire and two other wildfires last year had destroyed 19,000 homes and businesses in the state.
PG & E faces a lawsuit filed by more than three dozen plaintiffs, alleging that the fire had been triggered by faulty steel rings at the top of a transmission tower. , which caused the fall of dangerous cables under tension. In November, the company acknowledged in a report that it had detected a problem on a transmission line 15 minutes before the first report of the camp fire.
The company also faces dozens of lawsuits from homeowners and businesses that burned during the fires of 2017. In what was perceived as a sign that it was planning to declare bankruptcy , the company said this month that it was reviewing its "structural options" and evaluating its operations, finances, management, structure and governance.
PG & E said Sunday that Williams, 57, had also resigned from the company's board of directors, as well as from the board of directors of his holding company, PG & E Corp. His biography had already been removed from the PG & E website in the evening of Sunday.
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