PG&E announced yesterday major changes in their leadership. Brokered by three major hedge funds from wall street,Bill Johnson, retiring head of the Tennessee Valley Authority was named CEO and a new board of directors appointed, made up of some regulatory experienced executives along with several people with ties to wall street. State regulators are wrestling with the utility which filed for bankruptcy in January after several lawsuits were filled following the last two years of wildfire damage in Northern California, some that tie directly to PG&E, its maintenance policies and failure of equipment. Gov Newsom last week accused PG&E of stacking their new board to prioritize quick profit over safety and other issues. In another matter, Federal Judge William Alsup who is in charge of the PG&E criminal probation ordered the utility to not pay any stockholder dividends until it is in compliance with all vegetation management requirements. PG&E had halted all stockholder payments after the 2017 fires. The probation stems from a natural gas line explosion in San Bruno in 2010.