(Reuters) – PG&E Corp is expected to name Bill Johnson as chief executive of the bankrupt California energy company facing $30 billion in wildfire liabilities, as soon as Wednesday, a source familiar with the private negotiations said on Tuesday. Johnson, who has been the CEO of the Tennessee Valley Authority since 2013 and is retiring on Friday, would not comment on the PG&E rumors. A group of investors, including Knighthead Capital Management, Redwood Capital Management and Abrams Capital Management, have been pushing for Johnson to be hired.
PG&E to name TVA’s Bill Johnson as CEO:
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