CEO on Fate of PG&E: ‘I’m Not the Wikipedia of Bankruptcies’

(Bloomberg) — The fate of PG&E Corp. remains uncertain and the embattled California power giant still has a lot of work cut out in trying to emerge from the biggest utility bankruptcy in U.S. history, its chief executive told U.S. lawmakers Thursday.In testimony before a U.S. Senate committee, CEO Bill Johnson said he didn’t have the answers to all of their questions about whether the San Francisco-based electricity provider will survive the bankruptcy in its current form — especially as California Governor Gavin Newsom calls for a major overhaul of the company. “I’m not the Wikipedia of bankruptcies,” Johnson said …read more

Source:: Yahoo Finance

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