2 PG&E execs to step down, as utility reorganizes

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The shell of a truck sits in front of a burned home near the epicenter of the gas line explosion that devastated a neighborhood near San Francisco International Airport on Sept. 24, 2010 in San Bruno, Calif.

Two top Pacific Gas & Electric Co. executives are resigning - one with a sizeable bonus - as the California utility reorganizes following a deadly explosion on one of its high-pressure gas lines in a San Francisco suburb.

The utility's president announced this week that John S. Keenan, the chief operating officer, and Edward Salas, senior vice president of engineering and operations, were leaving the company.

A document filed Wednesday with the U.S. Securities and Exchange Commission shows Keenan will step down at the end of the month with more than $3.2 million in severance payments.

The September blast in San Bruno left eight dead, dozens injured and 55 homes uninhabitable.

Now, seven months later, the company plans to divide its gas and electricity divisions into separate units.

© 2011 The Associated Press.

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