--PG&E Corp. (PCG) is close to a deal that would see a sitting board member replaced with one proposed by BlueMountain Capital Management, Bloomberg reported Monday, citing "people familiar with the matter."

--Fred Buckman, the former head of Consumers Energy, would join the PG&E board under the deal, with a second independent director being appointed in the future, the report said.

--The company also would add the former chairman of the National Transportation Safety Board, Chris Hart, as a special adviser, the report said.

Full story: https://www.bloomberg.com/news/articles/2019-04-22/pg-e-is-said-to-near-deal-with-investor-to-bump-one-board-member

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

April 22, 2019 18:02 ET (22:02 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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