Regulators mull massive changes to PG&E management, structure

: sfchronicle – excerpt

California regulators are considering whether Pacific Gas and Electric Co. should shake up its leadership, split its core operations into separate companies or be transformed into a publicly-owned utility.

In an announcement late Friday afternoon, the California Public Utilities Commission stressed it had not drawn conclusions but listed those possibilities among a series of provocative questions it will explore in the next phase of a long-running investigation into PG&E’s corporate culture.

The inquiry could have far-reaching consequences for PG&E, the state’s largest investor-owned utility, which is facing existential questions after two years of historically devastating wildfires and a recent pipeline record-keeping scandal that renewed questions about its commitment to safety in its gas operations… (more)


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