PG&E Offers $105M ‘Wildfire Assistance’ Plan

California Connection
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

SAN FRANCISCO (AP) — Pacific Gas & Electric says it will set up a $105 million fund to help survivors of recent California wildfires started by the utility’s equipment.

In a court filing Wednesday, PG&E says the wildfire assistance program will provide relief for people who lost property during huge blazes in 2017 and 2018.

The plan requires approval in federal bankruptcy court. PG&E filed for bankruptcy protection in January, saying it faced at least $13 billion in legal claims from wildfire victims.

The filing says the program would be administered by an independent third party chosen in consultation with lawyers for PG&E’s creditors.

PG&E’s equipment is the prime suspect in the cause of October 2017 fires in Napa and Sonoma counties and last November’s fire that wiped out the town of Paradise.

Don't miss

More Featured

Latest News

More News