California News

PG&E Wont Pay $4M Fine From $13.5B Wildfire Victims Fund

NBC Bay Area-


PG&E announced in San Francisco Monday that it has given up a controversial plan to pay a $4 million criminal fine to Butte County out of a proposed $13.5 billion trust to compensate wildfire victims.

Instead, the utility said, the criminal penalty for causing 84 deaths in the 2018 Camp Fire will paid from the interest on a different fund that is also part of PG&E’s proposal for exiting from bankruptcy court protection.

That fund is an $11 billion settlement to compensate insurance companies for wildfire loss claims they have already paid.

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