Management, LLC Urges PG&E Shareholders to Replace Board ~ BEFORE they kill more constituents

Management, LLC Urges PG&E Shareholders to Replace Board before they kill more constituents

The Dubious Phone Call and Time Wasting Project
Pete Bennett former contract programmer retained by PG&E Sub Contractor Ravenel Enterprises from just outside Atlanta not far from the Alston Bird who like PG&E failed to pay as agreed. 

My story is about witness murders, private equity, mergers and acquisitions linked back to the Matter of Bennett v. Southern Pacific lost in 1989.  It was a winnable case as long the witnesses testified.  

Management, LLC Urges PG&E Shareholders to Replace Board

Plans to Announce New Slate of Board Members by No Later Than February 21
Board Election to Be Held at Annual Shareholder Meeting (NYSE: PCG)
Board has "failed" the Company, shareholders, customers, employees & the people of California
"There is no imminent financial crisis - there is a leadership crisis."
"It is time for shareholders to step up."

News provided by
BlueMountain Capital Management, LLC
Jan 24, 2019, 07:00 ET



2018GXA010


NEW YORK, Jan. 24, 2019 /PRNewswire/ -- BlueMountain Capital Management, LLC ("BlueMountain"), a private diversified alternative asset management firm, today issued an open letter to Shareholders of PG&E Corporation saying it plans to announce a "New Slate" of Board Members by no later than February 21. The Board Election will be held at the Annual Shareholder Meeting, slated for May 21. 
"The Current Board has not only failed the Company and its shareholders; it has failed its customers; it has failed its employees; and, it has failed the people of California," reads the letter. "The Company has lost the public's trust, and it has severely damaged its relationship with regulators and elected officials."
"A publicly regulated utility needs a strong working partnership with the public sector. In order to rebuild essential relationships and restore trust, the Company needs an entirely new board," the letter continues. "We expect the New Slate would insist the Company work collaboratively with the state of California and its citizens to transform the Company."
"The Current Board has chosen to do just the opposite. As you are undoubtedly aware, the Current Board announced their intention to file a voluntary, costly, and unnecessary bankruptcy, which, in our view, violates their fiduciary duties to the Company and to you."
"We plan to nominate a New Slate that will provide appropriate oversight and ensure the Company has a strong and experienced management team, a strategy to address its challenges, and an effective implementation plan," the letter says.
The full text of the letter can be viewed on BlueMountain's website here: https://www.bluemountaincapital.com/what-is-new/
About BlueMountain Capital Management, LLC BlueMountain Capital Management, LLC ("BlueMountain") is a diversified alternative asset management firm managing approximately $19 billion of assets. BlueMountain's diverse team of professionals in New York and London is supported by the firm's institutionalized and proprietary infrastructure, including specialized operations and risk management technology. For more information about BlueMountain, please visit: www.bluemountaincapital.com
Media Contact:Tom Vogel
Dukas Linden Public Relations
(646) 808-3663
BMCM@dlpr.com
PG&E Stakeholder Contact:pcg@bluemountaincapital.com
SOURCE BlueMountain Capital Management, LLC

Related Links

http://www.bluemountaincapital.com








Connecting TPG Growth, Operation Varsity Blues, Honest Services Fraud, Mail and Wire Fraud to TPG Newbridge, Senator Feinstein and Bennett v. Southern Pacific to the murders of Alicia Driscoll, her daughter, her cousins the 1968 Walker Family Murders to the murders of Los Lomas Students here and in Balad Iraq.

TPG Natural Resources & Energy

TPG invests in energy and natural resource companies across the energy value chain. Our areas of focus within the sector include oil and gas exploration and production, oilfield services, midstream operations including resource transportation and storage, and downstream operations including refineries and marketing. Our investments in this sector span the globe and have included Alinta Energy, Axip Energy Services, EnLink Midstream, Copano Energy, Jonah Energy, MI Energy, and Northern Tier Energy. We have substantial experience acquiring energy assets from large public corporations such as Encana Corporation and Marathon Oil Corporation. As we partner with companies, we leverage TPG’s global network and investment expertise to work with leadership teams focused on long-term value creation.
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