Listen

News 88.9 KNPR
Classical 89.7 KCNV
NV89 Discover Music
'Jazz'

an member station

NPR
Business

Bankrupt Pacific Gas & Electric Corp. Will Replace Half Of Its Board Of Directors

693741021_1110857989.jpg

A man walks past a Pacific Gas & Electric Co. entrance in Daly City, Calif. After filing for bankruptcy last month, the company will replace half of its board of directors.
Jeff Chiu, AP

A man walks past a Pacific Gas & Electric Co. entrance in Daly City, Calif. After filing for bankruptcy last month, the company will replace half of its board of directors.

Pacific Gas and Electric Corp., California's largest utility, will replace half of its 10-member board of directors by May, the company announced Monday.

"The Board currently expects that no more than five of the Company's current directors will stand for election at the 2019 Annual Meeting of Shareholders," the company said in a statement. The board already "has identified strong candidates who would add fresh perspectives and augment the Board's expertise in safety, operations and other critical areas."

PG&E signaled a leadership shakeup last month when NPR first reported that the utility company, beset by potential liability claims associated with California's devastating wildfires, was looking for ways to avoid bankruptcy. The company filed for bankruptcy in late January.

In the wake of the wildfires, and with the company still under probation for its role in the 2010 gas pipeline explosion in San Bruno, Calif., PG&E acknowledged that its public image is wanting.

Support comes from

"We fully understand that PG&E must re-earn trust and credibility with its customers, regulators, the communities it serves and all of its stakeholders, and we are continuing to make changes that reinforce PG&E's commitment to safety and improvement," the statement read.

A company critic, state Sen. Bill Dodd, D-Napa, whose wine-country district suffered through a massive wildfire in 2017, said the board changes were long overdue.

"While the change in the board is welcome, it's still taken way too long," said Dodd in a statement. "And it doesn't make sense to wait another day on these changes with another fire season on the horizon. Time will tell if this new leadership instills the badly needed culture of safety at PG&E."

State investigators found that the Napa fire was not caused by PG&E, but by a private electrical system.

The shakeup is already under way. PG&E's CEO, Geisha Williams, abruptly resigned from her post and her board seat in mid-January. Another board member, Roger Kimmel, resigned a few days later.

Copyright 2019 NPR. To see more, visit https://www.npr.org.

Our journalism speaks for itself, and we answer only to you. That’s thanks to the 11,000 members of Nevada Public Radio. Each of them made a small commitment and became members of Nevada Public Radio. They didn’t have to — but because they did, you are here now. So we extend a hand and say, “Come join us!”