PG&E critics urge judge to reject utility's bankruptcy plan

Pacific Gas & Electric's proposal to pay $25.5 billion for a series of deadly Northern California wildfires ignited by its equipment faced a final barrage of resistance from critics Thursday, who told a federal judge that the plan will do more to enrich savvy investors than help fire victims rebuild their lives.

PG&E CEO Bill Johnson stepping down in June

Johnson joined the nation's largest utility in April 2019 as it sought Chapter 11 bankruptcy protection due to roughly $30 billion in liabilities from wildfires started by its equipment.

PG&E proposes board revamp in revised bankruptcy plan

Bankrupt California power producer PG&E Corp said on Saturday it had submitted an updated bankruptcy reorganization plan including a new board of directors and new roles aimed at addressing concerns raised by California Governor Gavin Newsom.