"It is clear that a solution is needed that enables the continued safe delivery of natural gas and electric service to our customers and supports the orderly, fair and expeditious resolution of PG&E's potential liabilities resulting from the recent wildfires".
It said it believes bankruptcy is "appropriate, necessary and in the best interests of all stakeholders, including wildfire claimants", as well as other creditors, its shareholders and customers. "From the moment I was elected, I have been closely monitoring the impact of PG&E's existing and potential future liability for the deadly wildfires on the victims of the fires and the consumers who rely on PG&E for their electric and gas service". He said in a later interview that the announcement would involve appointments to the California Public Utilities Commission, the state's grid operator and to a commission established by legislature to explore wildfire issues.
NEW: PG&E announced today it's seeking a new Chief Executive Officer following the departure of Geisha Williams.
The utility said it would keep spending on system safety as it provides gas and electric "in an environment that continues to be challenged by climate change".
The company's board made a decision to oust CEO Geisha Williams and undergo a restructuring at a board meeting this weekend in San Francisco, according to a source familiar with the matter. General counsel John Simon will take the helm in the meantime. "Our search is focused on extensive operational and safety expertise, and the Board is committed to further change at PG&E". PG&E kept the lights on during the three years it spent in Chapter 11 between 2001 and 2004, when it was clobbered by rising power costs during the energy crisis. In 2017, she became the first Latina CEO of a Fortune 500 company.
The assassination of Adamowicz, a six-term mayor who often mingled freely with citizens of his city, sent Poland into shock. Gdansk Archbishop Leszek Slawoj Glodz, who was at the hospital during the surgery, said he was praying for a "miracle".
Just a day prior, U.S. news media reported that Chris helped Katherine move out of her Santa Monica, California home. He was previously best known for his supporting role in the hit television show Parks and Recreation .
With Samsung's Unpacked event now just about 5 weeks away, it's a safe bet that more Galaxy S10 leaks are right around the corner. Even the competition is increasing with Huawei and other Chinese companies planning to launch foldable smartphones in 2019.
Artists including Rihanna, Adele, Jay-Z, Pink and Cardi B all reportedly turned down the spot, citing the Kaepernick situation. Listen to Newsbeat live at 12:45 and 17:45 every weekday on BBC Radio 1 and 1Xtra - if you miss us you can listen back here.
While the number of cases has decreased this week, those that were reported are spread out across a wider area. Food and Drug Administration approved the first new flu medication in almost two decades previous year .
Pep Guardiola conceded Manchester City face a hard task beating Barcelona and Real Madrid when it comes to transfers. The former Barcelona and Bayern Munich boss added: "Specifically with Fernandinho's role, it's so hard to find".
This was posted after the Season 5 episode where Sansa goes into the crypts of Winterfell and finds a feather on Lyanna's statue. We do know the final installment will consist of six episodes that are basically like movies, HBO boss Richard Plepler said.
Then-Secretary of State Rex Tillerson was present at that Hamburg meeting , which occurred at the G-20 summit. Trump said he believed the Russian president, contradicting the conclusions of the US intelligence community.
SpaceX announces layoffs due to 'difficult challenges ahead'
However, the launch and satellite initiatives the company is pursuing will each require several billion dollars to complete. SpaceX is also developing a constellation of satellites that could one day beam high-speed internet down to the Earth.
Dead After Military Cargo Plane Crashes In Iran
The incident occurred close to Fath airport west of the capital, Tehran, on Monday, the semi-official news agency said. The army's statement came after some confusion over who owned the plane.