PG&E Appoints CFO as Utility Aims to Reduce Wildfire Risk

Carolyn Burke could focus on capital-spending plan as company continues to face postbankruptcy restraints

PG&E power lines were blamed for 2018’s Camp Fire, the deadliest wildfire in California’s history. But it was just one of 1,900 fires sparked by the utility since 2014, state investigators say. Here’s the story of PG&E’s missteps and why it ultimately filed for bankruptcy.

PG&E Corp. hired the former finance chief at Chevron Phillips Chemical Co. to oversee its finances as the utility focuses on its capital-spending plan in part aimed at reducing wildfire risk. 

The San Francisco-based company, which provides electricity and natural gas to millions of Northern California residents, on Wednesday said it appointed Carolyn Burke as executive vice president and chief financial officer. Ms. Burke, who has been a special adviser to PG&E since January, will also serve as the company’s executive vice president of finance, effective immediately.

What's News

Continue reading your article with
a WSJ subscription

Subscribe Now

Already a subscriber? Sign In

Sponsored Offers
  • DoorDash:
    50% off + free delivery on $20 orders with DoorDash promo code
  • SHEIN:
    30% off using this SHEIN coupon code
  • Wayfair:
    Wayfair Coupon - 20% Off
  • Nike:
    Get up to 40% off at Nike
  • GameStop:
    Get up to 60% off best selling video game titles - GameStop coupon code
  • Barceló:
    Hotel Promo: Up to 40% off + Extra 10% off with Barcelo coupon code