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.

Read More

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: