Facing potential takeover, PG&E pins hopes on reorganization
By 
Jaclyn Jaeger2020-07-23T19:08:00
Found to be at fault for yet another wildfire last week, PG&E’s return from bankruptcy is off to a rocky start. A new reorganization plan at the company built around risk management and safety is key to avoiding a takeover by the state of California.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
ArticlePG&E avoids criminal charges in $55M settlement over 2 wildfires
Pacific Gas & Electric avoided criminal charges in agreeing to pay more than $55 million in civil contributions and penalties as part of a settlement in California regarding the utility company’s alleged role in the 2019 Kincade Fire and 2021 Dixie Fire.
-
ArticlePG&E names new CECO amid leadership shuffle
PG&E Corp. is shaking up its management team, including the impending appointment of John Simon as executive vice president, general counsel and chief ethics & compliance officer.
-
ArticlePG&E makes organizational changes to risk, audit, and safety
A month after admitting guilt in the wildfire deaths of 84 Californians, PG&E announced organizational changes to its risk, audit, and safety leadership teams.
More from Risk Management
-
ArticleWhat to do when the CEO is the 'biggest AI risk' to the organization
For the past few years, companies have been grappling with how to control employees’ use of AI in the workplace, but it seems that executives are the most likely to flout the rules and put the organization at risk.
-
PremiumOil and gas executives mull the real costs of Venezuelan oil
U.S. oil and gas companies strong-armed into participating in the nationalization of Venezuela’s oil industry decades ago now face government pressure of the opposite kind: Invest billions into rebuilding a dilapidated oil and gas infrastructure for a high-risk country that still owes billions in unsettled debts.
-
ArticleCompliance must prepare for post-quantum cryptography requirements in contracts
While companies focus on the risks, opportunities, and regulations emerging around AI, the next tech challenge is already on the horizon. Quantum computers are here – and so are the associated crime risks, plus some encryption protections.