California Gov. Gavin Newsom says Pacific Gas & Electric Corp. plans to remake its board of directors with hedge fund financiers and people with little experience in utility operations and safety.
A man crosses the street in front of a Pacific Gas & Electric building in San Francisco.
But the company has not announced its slate of candidates for the new board. Newsom’s office was briefed by PG&E executives on their proposed slate in recent days, spokesman Nathan Click said. The governor’s office is not releasing the names either. PG&E, the nation’s largest utility, has faced intense scrutiny over its equipment’s role in starting deadly blazes across California. A federal judge is overseeing a separate criminal conviction PG&E received for its role in a 2010 gas line explosion that killed eight people.
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