PG&E Corp. (PCG) - Get Report has named William Johnson as chief executive while the company remains under heavy scrutiny and lawsuits for deadly wildfires and pushes through its chapter 11 bankruptcy.
The California energy company has also appointed 10 new directors to its board, it said later on Wednesday.
Johnson -- the chief of the Tennessee Valley Authority -- was the rumored pick for the job, according to reports last month.
PG&E said that Johnson would lead "the nation's largest publicly owned utility in its mission of providing energy, environmental stewardship and economic development across a seven-state region."
Johnson has been in charge at TVA for six years, and helped it improve safety records, according to a PG&E. He also cut coal usage and increased solar energy use, improving TVA's carbon emissions by about 50%.
Before his work at TVA, Johnson was the chief executive of Progress Energy.
The news of Johnson's appointment comes a day after a federal judge said PG&E must use funds to help prevent future blazes in the company's home state before it pays any more dividends to shareholders, noting the company's tree-trimming safety program has "withered," according to multiple published reports.
The courts terms mean the utility will remain under the eye of Judge William Alsup of the U.S. District Court for the Northern District of California and will require the company to clear about 375,000 trees in areas around power lines. PG&E is on probation for a felony conviction related to a 2010 gas pipeline explosion south of San Francisco that killed 8 people and injured more than 55 others.