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Mike Danko talks to Wall Street Journal about PG&E $1B Settlement with California Cities and Counties

According to the Wall Street Journal, PG&E announced it will pay $1 billion to settle claims with 14 California governmental agencies.  This is PG&E’s first settlement since filing for bankruptcy protection in January.  The settlement comes after PG&E was deemed responsible by investigators for 18 fires in Northern California during 2017 and 2018, including the deadly Camp Fire. According to the article, the cities and counties involved in the settlement will use the payment to cover the millions of dollars in disaster-related expenses they incurred as a result of the 2017/2018 fires as well as one from the fall of 2015 in Calaveras County. The agreement will not have an impact on claims made from individuals or businesses seeking compensation from PG&E, whose downed power lines originally sparked the wildfires.

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Sacramento Bee: PG&E to Pay $1B for Wildfire Damage to California Cities

According to an article in the Sacramento Bee, PG&E has agreed to a $1 billion dollar settlement with 14 local government agencies seeking to cover the damage from a series of deadly wildfires in Northern California that killed 85 people and destroyed nearly 14,000 homes in 2017 and 2018.  A majority of the $1 billion settlement will go to four California cities and counties with $270 million earmarked to go to Paradise, a NorCal town mostly destroyed by the Camp Fire.

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