PG&E Corp. introduced on April three the appointment of William “Bill” Johnson as the corporate’s new president and CEO. It additionally introduced the appointment of 10 new administrators to its board of administrators. The board appointments will probably be efficient as of the subsequent in-person board assembly, which will probably be held as quickly as practicable, the corporate mentioned.
Johnson, who turned 65 in January, introduced his retirement as president and CEO of the Tennessee Valley Authority (TVA) on November 14, 2018. At the time, Johnson was anticipated to stay at TVA’s helm till a substitute had been chosen, and the brand new chief had accomplished a interval of orientation and transition. On February 14, the TVA board of administrators introduced Jeffrey Lyash would take Johnson’s place efficient in April 2019. Lyash had been president and CEO of Ontario Power Generation Inc., one of many largest electrical producing firms in Canada. He was previously president of CB&I Power and govt vice chairman of Energy Supply for Duke Energy.
But reasonably than using off into the sundown, Johnson will step into a brand new function because the chief of PG&E, the San Francisco, California-based firm that faces a bevy of challenges. PG&E filed for chapter on January 29, saying it confronted as a lot as $30 billion in potential liabilities for its function in a collection of wildfires within the state.
During Johnson’s time at TVA, the group achieved one of the best security data in its 85-year historical past. PG&E will probably be searching for related enhancements in its efficiency, which has been broadly scrutinized because of occasions such because the San Bruno pure gasoline pipeline blast that killed eight folks and injured dozens extra in 2010. The utility was finally convicted in 2017 of six felony expenses related to that explosion. Inadequate upkeep practices have additionally been alleged in opposition to the corporate in varied wildfire claims.
“With greater than a decade of mixed chief govt expertise at two massive utility firms, Mr. Johnson has a deep understanding of managing danger and the duty of preserving clients protected,” PG&E’s board mentioned in a information launch. “We imagine Mr. Johnson is the appropriate chief for PG&E as we work to strengthen our security tradition and navigate a fancy and difficult interval in our firm’s historical past.”
Prior to his tenure with TVA, Johnson was the CEO of Progress Energy.
“I’m humbled to tackle this new problem and am devoted to assembly the excessive expectations that our clients, regulators and legislators have for PG&E,” Johnson mentioned in a information launch. “While the challenges dealing with PG&E and California are vital, by working collectively, we’ll overcome them to serve one of the best pursuits of our clients, their households and the communities we serve. This begins with a steadfast dedication to offering protected and dependable energy.”
PG&E’s Board expects Johnson to start his new function in late April 2019.
—Aaron Larson is POWER’s govt editor (@AaronL_Power, @POWERmagazine).
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