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PCG PR H - Pacific Gas And Electric Co News Story

$22.31 0.0  0.0%

Sector
Utilities
Size
Large Cap
Market Cap £4.22bn
Enterprise Value £30.19bn
Revenue £13.51bn
Position in Universe th / 6855

UPDATE 1-PG&E appoints Nora Mead as board chair

Fri 12th April, 2019 3:28am
(Adds background and details from statement)
    April 11 (Reuters) - California energy company PG&E Corp
 PCG.N  said on Thursday it appointed former state and federal
regulator Nora Mead Brownell  as chair of the company's board of
directors.
    The company also appointed former U.S. ambassador Jeffrey
Bleich as chair of the board of its subsidiary Pacific Gas and
Electric Company  PCG_pa.A .  urn:newsml:reuters.com:*:nBw3HDqmNa
    Bill Johnson, who was appointed as PG&E's chief executive
earlier in April, will start his role from May 1, the company
said.
    The company faces crushing liabilities related to deadly
wildfires in 2017 and 2018 that killed dozens of people and
destroyed thousands of homes.
    Reuters reported on Wednesday that the company was exploring
expanding its board as it navigates bankruptcy proceedings in an
effort to potentially settle an ongoing battle with shareholder
BlueMountain Capital Management LLC.  urn:newsml:reuters.com:*:nL1N21S23J

 (Reporting by Gaurika Juneja and Philip George; 
Editing by Sandra Maler and Subhranshu Sahu)
 ((Gaurika.Juneja@thomsonreuters.com; Within U.S. +1 646 223
8780, outside U.S. +91 80 6749  9928; Reuters Messaging:
Gaurika.Juneja@thomsonreuters.com))
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