PG&E to Pay $1 Billion to Governments for Wildfire Damage

The company filed for bankruptcy earlier this year citing billions of dollars in expected losses.

  • Published 18 June 2019

SAN FRANCISCO (AP) — A California utility blamed for igniting several wildfires that killed dozens and destroyed thousands of homes has agreed to pay $1 billion to local governments. Attorneys representing 14 local public entities announced the settlement with Pacific Gas & Electric on Tuesday to cover "taxpayer losses." The fires include a 2015 fire in Butte County, a series of 2017 fires in Northern California wine country and the 2018 fire that destroyed the… Read at AP News