CA Gov Newsom Might Axe Head Of State Utilities Commission

Heads might roll at the California Public Utilities Commission, according to one published report.

Governor Gavin Newsom has discussed replacing Commission President Michael Picker as part of a complete overhaul of the state's top power and water regulator, says The Wall Street Journal.

It says the idea came up during talks late last week involving legislators and analysts from S&P Global Ratings about wildfire liabilities, PG&E's bankruptcy and the financial health of all state utilities.

Picker has been criticized as not taking faster action after the last two years of massive wildfires.

The governor's office has not confirmed the report.

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