Shares of PG&E were down 14 per cent in pre-market trading on the NY stock exchange.
PG&E is also exploring selling its gas unit, potentially through a court-supervised auction during bankruptcy proceedings, one of the sources said.
It said its board of directors is engaging outside experts for advice on wildfire safety, but it did not identify any potential plans to address liability or safety.
PG&E, which filed for bankruptcy once before in 2001, said in November it could face "significant liability" in excess of its insurance coverage if its equipment was found to have caused last year's fires in northern California.
Despite the news, UBS analyst Daniel Ford raised his price target from $26 to $29, saying it assumes PG&E is "not liable for Tubbs and reflects a higher $15.1B net liability ($11.3B prior) for 2017 and 2018 due to the Camp fire but a lower cost of funding (7.5% versus 9.0% WACC)".
The Sacramento Bee reports that PG&E is already facing multiple lawsuits from wildfire survivors. In response to a request for a comment from Fortune, PG&E emailed: "T$3 he PG&E Board is reviewing structural options to best position PG&E to implement necessary changes while meeting customer and operational needs".
PG&E, whose shares have lost almost half of their value since the wildfire, said it is working with a leading search firm to identify new directors and is interviewing several candidates.
Reuters reported previous year that the company was working with bankruptcy advisors. The company is also being kept under close scrutiny by Cal Fire, the Public Utilities Commission, and federal prosecutors.
The San Francisco Chronicle in December reported that California state Senator Bill Dodd called for a management shakeup at PG&E in light of the CPUC findings.
Cosmos also boasts a design that sees the front of the headset lift upward from your eyes rather than slipping on and off. Admittedly, it's not entirely clear from HTC's press release whether the Vive Cosmos is, in fact, a PC-based headset.
The franchiser is also launching an apprenticeship program to attract workers, in addition to providing higher pay and benefits. There could be hundreds of thousands of government workers who could say they're not working, which would lower the job totals.
In another shake up on the defensive coaching staff, Day has promoted defensive line coach Larry Johnson to associate head coach. His NFL knowledge coaching the secondary is only going to enhance and improve what has become a marquee area for the Buckeyes.
On Wednesday, a key figure in the yellow vests movement was arrested for allegedly organising an illegal demonstration. Public anger has on occasion been directed at the media, seen by some as too close to the government.
Abd al Rahim al-Nashiri, another al Qaeda militant, has been in USA custody since 2002 in connection with the Cole attack. He was recaptured in March 2004 and sentenced to death, but almost two years later he managed to escape a second time.
After the game, Jackson's teammates came to his defense, expressing their displeasure with the Baltimore fanbase. Jackson's rally ended with 19 seconds remaining at midfield, where he fumbled for the third time.
GitHub revealed today that it's making a couple of big changes that should be good news for developers of all stripes. Public repositories are still available at no cost and can have an unlimited number of collaborators.
At the poster launch of the film on Monday, Vivek said he hopes to becomes a better person by the end of the shoot. Oberoi will be "playing a man who has rebuilt an entire nation in five years", the anchor said at the event.
With 150.81 crores, Simmba recorded the second highest collection for week one in 2018, after Sanju's 202.51 crores. By the end of 10th day, the film had minted around Rs 190 crore and is now Ranveer Singh's second highest earner.
And while we got to see the character's pager at the end of Avengers: Infinity War , she remained a no-show, at least physically. A new Captain Marvel first look has been revealed by Marvel Studios during the College Football Playoff National Championship.
There was a loud and sustained "Hogan" chant before he started with, "Well, let me tell you something, brother". You can be good at what you do, but Gene was so good that he made the people around him better.
Brienne of Tarth (Gwendoline Christie) is also seen behind Sansa as she hands over the Northern stronghold to Daenerys. Plus, we got our first official look at the upcoming Watchmen series which promises to be an exciting affair.
Broncos denying interview requests for Gary Kubiak
It completed the five planned interviews, leaving the Broncos in the stretch run to name their new field boss. Fangio returned to Halas Hall around noon Colorado time, and was scheduled to address the Bears players.
Green Bay expected to have hired new head coach
Philbin is also highly respected by quarterback Aaron Rodgers and several other important veterans inside the Packers locker room. The 39 year old just completed his first season as offensive coordinator under Titans first year head coach Mike Vrabel.
World Bank President, Yong Kim resigns
World Bank CEO Kristalina Georgieva will serve as interim president upon Kim's February 1 departure, the bank said in a statement. Jim Yong Kim is to step down as the head of the World Bank, sending shock waves through the global aid community.