PG&E ex-CEO receives $2.5 million in severance as company announces plans for bankruptcy
Pacific Gas & Electric Co.'s former CEO Geisha Williams will receive a severance package of approximately $2.5 million as the utility gears up to file for Chapter 11 bankruptcy. from the company on Sunday in anticipation that PG&E would declare insolvency due to the billions of dollars it potentially faces for liability in its role in recent California wildfires. State fire investigators previously blamed the utility’s power lines for causing a number of California wildfires in October 2017. for Chapter 11 bankruptcy on or about January 29. ...
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