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Former PG&E CEO to receive $2.5 million in severance

Posted at 4:00 PM, Jan 16, 2019

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.