Hi everyone, I'm Nicola Tangen, the CEO of the Norwegian Southern Wealth Fund, and today we have

Patty Poppy with us, the CEO of PG&E, one of the United States' largest utility companies.

The fund owns more than 1% of the company, just under half a billion dollars, and so it's a big

position for us. Now, in 2021, Patty took over the company, which was then in crisis.

Well, you were pretty much bankrupt.

And now Patty is here to teach us how to lead with love.

Warm welcome, Patty.

Well, thank you, Nicola.

It's so great to be with you.

And thank you for your ownership.

Thank you. your ownership. Just to kick off, what is PG&E in a few words?

We are a combination, a natural gas electricity provider to almost 40 million people

in the state of California.

We serve 16 million of them, proud to be the energy provider to northern and central California.

Great.

Now, what happened before you joined?

I would say a series of, in some cases, particularly wildfire disaster, climate-driven, and frankly, a company that hadn't built infrastructure to withstand these new extreme climate conditions.

Great harm was done to people, communities, wildfires that devastated

towns, lives were lost and our company went bankrupt. I think some people refer to us as the

first climate-driven bankruptcy. And we are rebuilding our company as a result.

Wow. What's the key to rebuilding a company after something like that?

I think recognition that we need to make it safe and make it right. In fact, I got some advice

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