PG&E agrees on $11bn settlement over California wildfires

PG&E agrees on $11bn settlement over California wildfires

An $11 billion settlement had been reached by PG&E Corp in order to resolve claims by insurance carriers which related to the 2017 and 2018 wildfires that struck California. The claim needs to be approved by the federal bankruptcy judge, which is overseeing the Chapter 11 case.

Scott
Scott
John Wilson
John Wilson 5 months

so they pay out the with customer's funds, with higher rates . I would like everyone on to fired. but I bet they will all get bonuses and extra big retirements, instead.

mcpimpen
mcpimpen 5 months

Why are they still allowed to operate???

H.R. Pufnstuf
H.R. Pufnstuf 5 months

Big shocker. I wonder who started the fire.

david dindu
david dindu 5 months

theyll recover by raising prices or going bankrupt

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