PG&E Puts CMS Energy CEO Patricia 'Patti' Poppe at the Helm

Author:
Publish date:
Video Duration:
1:09

PG&E  (PCG) - Get Report has named current CMS Energy  (CMS) - Get Report CEO Patricia 'Patti' Poppe to take over as head of the utility company.

PG&E on Wednesday said it has named Poppe as its new CEO, who will also join PG&E’s board of directors. Poppe, 52, will succeed William Smith, who has served as interim CEO since William Johnson retired as president and CEO of the utility company at the end of June.

Poppe, is currently CEO of Jackson, Mich., utility holding company CMS Energy, a role she has had since July 2016.

The appointment marks a new chapter for PG&E, which earlier this year exited bankruptcy proceedings that saw it settle billions of dollars in claims from fatal wildfires in 2017 and 2018.

In May, the company said in a regulatory filing that it could face a loss of at least $600 million for the 2019 Kincade fire if it was found responsible.

Latest Videos From TheStreet and Jim Cramer: