SAN FRANCISCO | CEO resigns as Calif. utility faces billions in liability
SAN FRANCISCO — January 13, 2019— The CEO of Pacific Gas and Electric resigned Sunday and employees could learn this week if the utility will declare insolvency while facing billions of dollars in liability over its role in recent California wildfires.
PG&E released a statement Sunday thanking Geisha Williams for her service. The board of directors chose John Simon as interim CEO.
“While we are making progress as a company in safety and other areas, the board recognizes the tremendous challenges PG&E continues to face,” the company said.