California's New Boss Hints at Plan as PG&E Crisis Deepens
- Governor Newsom says he held meetings, is in talks on solvency
- Utility turmoil is pressing issue in first full day of office
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As concerns about PG&E Corp.’s financial health spiral, California Governor Gavin Newsom signaled that he’ll deal with the troubles plaguing the state’s largest utility as one of his first tasks in office.
In his only public comments on the company since his inauguration, Newsom said at a press conference that he’s working on PG&E matters “in real time” and is in talks with state energy regulators, members of the previous administration and incoming staff “to address the solvency” of the utility. He held meetings about the issue at 8 a.m. on Tuesday -- his first full day on the job.