PG&E Chief Financial Officer Wells Leaving for Texas Utility

PG&E Corp. Chief Financial Officer Jason Wells will resign from the California energy giant this month after helping steer the company through the biggest utility bankruptcy in U.S. history.

Wells is leaving PG&E to become executive vice president and chief financial officer at Houston-based CenterPoint Energy Inc., effective Sept. 28, according to a statement from Centerpoint. Wells had served at PG&E for 13 years.

PG&E was driven into bankruptcy last year after the company’s power lines sparked a series of deadly wildfires during wind storms. The company emerged from Chapter 11 after agreeing to pay $25.5 billion to settle ...