PG&E’s CEO Comes Up Against the One Thing He Can’t Fix

(Bloomberg) — Five months ago, PG&E Corp. Chief Executive Bill Johnson walked into a room full of California lawmakers and told them he was the man who would fix the state’s largest utility.Johnson was 15 days on the job, and PG&E had just been found to have caused California’s Camp Fire, which killed 86 people, leveled an entire town and landed the company in the biggest utility bankruptcy in U.S. history. “Let’s not do it again,” he said.This week, PG&E proved its problems are far from fixed. The company’s equipment is being probed as the potential cause of at least …read more

Source:: Yahoo Finance


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