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PG&E CEO Darbee to Step Down

PG&E said its chief executive will retire at the end of the month and it is conducting a search for a successor, a surprise change at a utility rocked by a series of setbacks. Peter Darbee, PG&E's chairman and chief executive, was brought in in 1999 as an outsider who would bring fresh ideas, but appears to have been felled by inattention to the bread-and-butter basics of the utility business: providing safe and reliable service to customers.

 

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