Thursday , January 27 2022

The employee resigns because the California merchant is responsible for billions



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SAN FRANCISCO – Executive Director of Pacific Gas and Electric resigned from Sunday and employees could learn this week if the utility announces insolvency in the face of billions of dollars of responsibility for its role in the recent California fire.

PG&E issued a statement on Sunday thanks to Geisha Williams for her work. The Board of Directors chose John Simon as interim executive director.

"Although we have progressed as a company in security and other areas, the Board recognizes the enormous challenges that PG&E is still facing," said the company. "We believe John is a temporary company leader while we work to identify a new CEO."

PG & E is negotiating with lenders for a $ 5 billion funding package. This would allow the company to continue operating during Chapter 11 bankruptcy proceedings.

Under the new national law, PG&E must notify its employees at least 15 days before the change of management, including bankruptcy, reported by San Francisco Chronicle. This announcement may come on Monday.

Public firefighters blamed utilities for creating several California fires in October 2017.

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