PG&E to name TVA's Bill Johnson as CEO

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PG&E to name TVA's Bill Johnson as CEO
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PG&E to name TVA's Bill Johnson as CEO: Reuters, citing source

PG&E is expected to name Bill Johnson as chief executive of the bankrupt California energy company facing $30 billion in wildfire liabilities, as soon as Wednesday, a source familiar with the private negotiations said on Tuesday.

Before joining TVA, Johnson was the chairman, president and CEO of Progress Energy from 2007-2012 before it merged with North Carolina rival Duke Energy Corp.

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