PG&E Announces $13.5B Settlement for Wildfire Victims
PG&E has announced a settlement agreement with individual wildfire claimants for multiple fires totaling more than $13 billion.
These fires include the 2017 Northern California wildfires and the Camp Fire in 2018 that leveled most of the town of Paradise. As a part of the settlement the company will also settle claims related to the Tubbs Fire and the Ghost Ship fire, although PG&E does not admit fault in those incidents.
PG&E has also pledged to make changes within the organization to improve operations. These changes include appointing new leaders, completing infrastructure inspections and creating a Wildfire Assistance Fund.
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