PG&E hires former Tennessee Valley Authority executive to lead bankrupt utility
PG&E, the bankrupt major California utility facing billions of dollars in wildfire liabilities, has just announced an agreement to overhaul the board and hire former Tennessee Valley Authority executive William Johnson, a utility insider lacking in renewable energy leadership, as CEO.
Vote Solar’s executive director Adam Browning issued the following statement in response to these reports:
“A safe, healthy and resilient clean energy system is both what Californians want and what our policies require. Leading the state’s largest utility, PG&E from its current state of bankruptcy and its risky dependence on the fossil-fueled status quo to an innovative distribution utility that promotes a safer 100% clean powered grid will take the right kind of forward-thinking leadership by the PG&E Board and its executive team.”
“While we need a renewable energy leader, TVA, under Bill Johnson’s leadership, is a renewable energy laggard. California is demanding 21st century solutions, and Mr. Johnson’s resume is very much rooted in the past. After a history of deadly disasters, PG&E customers also deserve board leadership with a laser focus on the safety of our families and communities.
I’m concerned that these board and CEO decisions, which were promoted behind-the-scenes by a few New York hedge funds, keeps PG&E on a dangerous course track of continuing to place shareholder interests above the interests of the public that this utility is intended to serve. Californians deserve better.”
Out of concern for the best interest of ratepayers, Vote Solar along with Earthjustice and Environment California delivered the following letter to PG&E’s interim CEO and Board Chair in March:
News item from Vote Solar