PG&E reaches bankruptcy deal with California governor

Posted by & filed under Communication, Control, Decision Making, Ethics & Social Responsibility, Leadership, Management.

Description: Pacific Gas & Electric and California Gov. Gavin Newsom announced a deal Friday for the nation’s largest utility to emerge from bankruptcy triggered by massive liabilities from wildfires.

Source: CNBC.com – video report

Date: Mar 20, 2020

Link: https://www.cnbc.com/2020/03/20/pge-reaches-bankruptcy-deal-with-california-governor.html

Questions for discussion:

  • What are the implications for Californians going forward?
  • How will management decisions be affected as a result of the deal?
  • What could previous management have done better to restructure operations and safety?