PG&E’s CEO says AI is ‘the best thing that could’ve ever happened to the grid’
Source: Fortune ·
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From the source
In today’s CEO Daily: The CEO of a once-hated utility is looking to AI to fix the grid. The big leadership story: The Ford Foundation’s new focus. The markets: Up in Asia, down in Europe after at tech selloff on Thursday. Plus: All the news and watercooler chat from Fortune. Good morning. Patti Poppe knows about navigating pressure. As CEO of Pacific Gas and Electric Company (PG&E), she has one of the toughest leadership roles in business. When she took the job in January 2021, becoming the first woman to transition directly from one Fortune 500 company (CMS Energy) to another, she was handed a convicted corporate felon emerging from bankruptcy after its equipment had caused deadly wildfires, including the 2018 Camp Fire in Paradise for which it had pleaded guilty to 84 counts of involuntary manslaughter. Just as Poppe was building public trust with a laser-sharp focus on culture and safety, along came an AI boom, new regulations, and mandated grid investments that put rates back in…