PG&E’s former CEO is walking away with a hefty severance package.
Geisha Williams announced her resignation over the weekend, just before PG&E announced it plans to file for Chapter 11 bankruptcy.
According to The Mercury News, Williams will walk away with a $2.5 million severance package.
Here’s what PG&E’s likely bankruptcy filing could mean for SLO County
PG&E is facing billions in liability over recent California wildfires, including the Camp Fire, which killed 85 people in Butte County last November.
A lawsuit brought by more than three dozen plaintiffs alleges the fire was started by faulty steel rings atop a transmission tower, which brought dangerous live wires crashing down. PG&E acknowledged in a court filing in November that it had detected a problem on a transmission line 15 minutes before the first report of the Camp Fire. Butte County has also filed a lawsuit against the utility.
The company already faced dozens of lawsuits from owners of homes and businesses that burned during fires in 2017.
Williams had been PG&E’s chief executive since March 2017, when she became the first Latina chief executive of a Fortune 500 company.
