Bankrupt PG&E reaches $13B settlement with California fire victims
California’s bankrupt power producer Pacific Gas & Electric has said that it has reached a $13B settlement with victims that will resolve all major claims related to the devastating fires that erupted in the western US state. The wildfires were caused by the utility company’s negligence and outdated equipment, officials believe. The court is yet to approve the settlement.
I guess California found a Scapegoat to pay for their environmental mismanagement.
Lawyers will be making billions immediately. Victims will have to file claims and wait for crumbs.
goat goes "who ate all this wheat *nomnom*"
and this is why the keep shutting off power. And they should
How about PG&E spend those billions replacing infrastructure instead? And use their own instead of tax payer dollars.
And next year Californians will be complaining that their rates went up way too much.
crazy, I was gonna invest in that
all I'm seeing here is more reason why the entire state of California, is an absolute failure. at this point, I expect better from Florida man, than all of California.
PG&E you need to dissolve for being so shit at running the electric grid.
They reached a settlement and now the feds want 4 billion of it?
Utterly retarded. California should get zero taxpayer payout for any fire damages until they change their land management policies so these fires are not as destructive or as common. Let California pay for this idiocy itself.