The Board of Directors has named John Simon Interim CEO.
Pacific Gas and Electric said last month it determined weather conditions were no longer unsafe enough to warrant a massive power shut off on November 8 - a decision that came as a massive fire was tearing through a Northern California town.
The departure of Williams, 57, was announced Sunday, hours before the company said it was notifying workers it could file for bankruptcy within weeks.
California's largest utility company said on Sunday its chief executive had resigned as the firm faces billions of dollars in potential liabilities tied to the state's deadly and destructive wildfires past year.
PG&E, which serves 15 million Californians - nearly 40% of the population of the state - warned then it could face "significant liability" beyond its insured amount if its equipment was found to have caused the fire.
The announcement on Monday followed the resignation of the power company's chief executive, Geisha Williams, who had been had the helm for less than two years.
PG&E's financial woes have already spread to the companies that supply its natural gas and generate electricity for its customers.
It went on to say that a Chapter 11 reorganisation was the only viable option for meeting these goals.
The company said Monday that it has only about $1.5 billion in cash and cash equivalents on hand. PG&E kept the lights on during the three years it spent in Chapter 11 between 2001 and 2004, when it was clobbered by rising power costs during the energy crisis. That blaze killed at least 86 people, destroyed 14,000 homes and leveled Paradise, a city of 27,000 residents.
The survivors who are suing PG&E will now become unsecured creditors, along with investors holding billions in PG&E debt. "The ratepayers are the last priority".
The company's shares tumbled 55 per cent in early trading. Shares were trading at almost $50 before the company disclosed that a faulty transmission tower may have caused the Camp Fire. It is uncertain whether such a move would occur in bankruptcy court. PG&E remains committed to assisting the communities affected by wildfires in Northern California, and its restoration and rebuilding efforts will continue. "We don't want to see venture capital firms buying it or parties that don't have experience and aren't going to put the public interest first".
This line is from the season 6 finale, when Lyanna made her brother Ned vow to take care of her and Rhaegar Targaryen's son - Jon. Get pumped, people - Game of Mother Effing Thrones is nearly back, and I can't wait to see how showrunners David Benioff and D.B.
As fans know all too well, before this, it was the younger of the Jenner sisters who had the most liked post on Instagram . As of Sunday, the picture had almost 18.2 million likes from Jenner's more than 123 million Instagram followers.
Catherine Herridge is an award-winning Chief Intelligence correspondent for FOX News Channel (FNC) based in Washington, D.C. After a meeting with Mr Putin in Hamburg in 2017, Mr Trump took possession of his interpreter's notes, the paper says.
Samsung has officially confirmed its newly minted Galaxy M series is coming to India on Monday, January 28. Meant to appeal to a millennial audience, the new series of phones have been designed in India.
The film is written and directed by Aditya Dhar and produced by Ronnie Screwvala under the production banner of RSVP Movies. Yesterday, we saw the release of two highly awaited films - The Accidental Prime Minister and URI: The Surgical Strike .
The company says it will abide by Europe's stronger privacy rules, which took effect in May, regardless of where a customer lives. Amazon has bought home security startup Ring for a reported £700 million ($1 billion).
British stars Olivia Colman and Christian Bale are on a roll, picking up more prizes at the Critics' Choice Awards . However, Foy was beaten to the best supporting actress gong by If Beale Street Could Talk star Regina King.
On Friday, 81 of 120 Macedonian MPs voted in favour of the name change, securing the required 2/3rds majority. Kammenos has long opposed the accord with neighboring Macedonia signed by their governments a year ago .
Open champion Sloane Stephens, No. 11 Aryna Sabalenka, No. 19 Caroline Garcia, No. 29 Donna Vekic and No. 31 Petra Martic. Isner went up a break in the fourth set and served to force a fifth while ahead 5-4. "It's very special to be back".
Pakistan started the series with 92 points but are now on 88 points, three points less than Sri Lanka. Shan and Babar were the positives (from the series)".
Reports of active shooter at UPS in Logan Township
Cops in New Jersey are investigating an " active shooter situation " at a UPS facility in New Jersey, according to authorities. The shooter is reported to have walked inside and fired multiple shots at the ceiling in Gloucester County, New Jersey.
Cockpit voice recorder of crashed Lion Air jet found
In December 2014, an AirAsia flight from Surabaya to Singapore plunged into the sea, killing all 162 people on board. The cockpit voice recorder is one of the two so-called black boxes crucial for the investigation of a plane crash.
Elon Musk reveals assembled Starship test rocket
However, there are more than 400 open positions in various fields at different SpaceX facilities, judging by the company's. SpaceX plans to use the technology to fly tourists to space and, potentially, one day send humans to Mars.
Israel struck Iranian facility in Syria, PM Netanyahu says
Israeli troops have found the sixth and final tunnel dug by Hezbollah militants for cross-border attacks, the military said. The latest tunnel began in the Lebanese village of Ramyeh, some 800 metres (yards) away from Israel, the army said.
Guardiola: If De Bruyne has a problem, he knows where I am
Although Fernandinho will be 34 by the end of the season Guardiola said City do not now have the finance to buy a replacement. He has incredible relationship with the Brazilian guys, like Danilo, Fernandinho, Bernardo, many, many players here.