PG&E Corp investor BlueMountain Capital Management LLC on Friday named 13 people it hopes to install as directors at the embattled power utility weeks after the company filed for bankruptcy in the wake of California’s catastrophic wildfires, Reuters reported. The hedge fund’s group of director nominees includes an expert in resolving victim claims, a former treasurer of the state of California, a prominent hedge fund manager, and people with banking and energy industry expertise. BlueMountain, which owns roughly 8 million PG&E shares, in January announced plans for a proxy contest, criticizing the company for filing for chapter 11 protection, a move it called unnecessary and harmful to investors. The company and the hedge fund have been talking and last week agreed to extended the deadline to nominate directors to Friday. PG&E said on Friday that it has had a “constructive dialogue” with shareholders and stakeholders.
