PG&E Corp. is likely to name Bill Johnson, retiring head of the Tennessee Valley Authority, as its new chief executive as early as next week and to announce an overhaul of its board backed by some of its largest investors, according to people familiar with the matter. Mr. Johnson would take the reins of the troubled California utility, operating under federal bankruptcy protection as it faces a fight to survive billions of dollars in potential liability costs from deadly wildfires. While he is the front-runner for the...

Source: Wall Street Journal March 16, 2019 19:07 UTC