California News

Judge Approves PG&E Plan To Pay $19M In Fee From Victims Fund

NBC Bay Area-

The Northern California victims of catastrophic wildfires caused by Pacific Gas & Electric’s decaying electrical grid will have at least $19 million siphoned way from a $13.5 billion fund for their losses to cover administrative costs.

A bankruptcy judge said he would approve drawing from the victims’ fund as part of a plan reviewed Tuesday during a court hearing. The decision came after PG&E and a committee representing the victims struck an accord on a $21.8 million budget for administering the $13.5 billion fund for the thousands of people who lost loved ones, homes and businesses during a series of deadly wildfires in 2017 and 2018.

PG&E will pay an additional $2.5 million to cover the fund’s administrative fees, but the rest of the money will come from the fund earmarked for the fire victims under the plan that won U.S. Bankruptcy Judge Dennis Montali’s blessing.

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