PG&E (PCG), the large California utility has had a difficult few years marred by several lawsuits due to everything from a gas line explosion in San Bruno that blew up dozens of homes in 2010 and more than 30 wildfires triggered by PG&E equipment since 2017. Settlements for these lawsuits have run into the tens of billions of dollars.
Given the challenges the utility and its aging infrastructure faces, it is not surprising that on March 12, 2023, Christopher A. Foster, the CFO of the company informed PG&E that he is resigning from his position effective May 4, 2023 after just two years in the position.