Departure of Directors or Certain





On December 29, 2020, the board of directors (the “Board”) of Pacific Gas and Electric Company (the “Utility”) appointed Sumeet Singh, Senior Vice President and Chief
Risk Officer of the Utility, as Interim President, and Chief Risk Officer of the Utility, effective January 1, 2021.  He is expected to continue in the interim role until a permanent selection is made.  Mr. Singh will also continue to serve as
Senior Vice President and Chief Risk Officer of PG&E Corporation.  As previously disclosed, effective December 31, 2020, Michael A. Lewis will retire from his position as Interim President of the Utility.




From August 1, 2020 to the present, Mr. Singh, 42, has served as Senior Vice President and Chief Risk Office r of PG&E Corporation and the Utility.  In this role, Mr.
Singh oversees all of PG&E Corporation and the Utility’s operations and public safety, including evaluating risks associated with wildfires, nuclear, dams, natural gas, natural disasters, and the Public Safety Power Shutoff program, as well as
other strategic risks confronting utilities such as those relating to cyberattacks and the COVID-19 pandemic.  Previously, from April 2020 to July 2020, Mr. Singh served as the Gas Safety & Integrity Officer at Picarro Inc., a provider of
hardware-enabled descriptive and predictive analytics for natural gas asset management.  Prior to that, from 2008 to April 2020, Mr. Singh served in various roles at the Utility, including as Vice President, Asset Management and Community Wildfire
Safety Program, Vice President of Portfolio Management & Engineering in the Utility’s Gas Operations, and Vice President, Asset & Risk Management in the Utility’s Gas Operations.




In addition to his current compensation package, the Board approved an additional monthly fee of $27,000 and enhanced participation in the short-term incentive program
for Mr. Singh, in connection with his new role.




Mr. Singh will continue to be eligible to receive executive benefits, as described in PG&E Corporation and the Utility’s joint Annual Report on Form 10-K/A filed on
March 31, 2020.




There are no arrangements or understandings between Mr. Singh and any other persons pursuant to which he was selected as Interim President, and Chief Risk Officer of the
Utility.  Further, there are no family relationships between Mr. Singh and any director or executive officer of PG&E Corporation or the Utility.  In addition, Mr. Singh has not been party to any reportable transactions with PG&E Corporation
or the Utility pursuant to Item 404(a) of the Securities and Exchange Commission Regulation S-K.




Mr. Singh is not expected to serve on the Board.  Although California Public Utilities Commission (the “CPUC”) Decision (D.) 20-05-053 requires that the Board include the
chief executive officer of the Utility, on December 22, 2020, the CPUC granted an extension for compliance with Decision (D.) 20-05-053 until a permanent selection is made.











SIGNATURES


 


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto
duly authorized.


 


 




 



PG&E CORPORATION



 




 


 


 


 




 


 


 


 





Date: December 30, 2020




By:




/s/ JOHN R. SIMON



 




 


 



Name:




John R. Simon


 




 


 



Title:




Executive Vice President, General Counsel and Chief Ethics & Compliance Officer


 




 


 


 


 




 


 




 



PACIFIC GAS AND ELECTRIC COMPANY



 




 


 


 


 




 


 


 


 





Date: December 30, 2020




By:




/s/ BRIAN M. WONG



 




 


 



Name:




Brian M. Wong


 




 


 



Title:




Vice President, General Counsel and Corporate Secretary


 




 


 


 


 




 


 


 





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