Bankrupt PG&E reaches $13B settlement with California fire victims

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 The wildfires were caused by the utility company’s negligence and outdated equipment, officials believe.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.

Simone
Simone
porcus
porcus 3 months

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.

Duane
Duane 3 months

I guess California found a Scapegoat to pay for their environmental mismanagement.

IvoryDove
IvoryDove 3 months

Lawyers will be making billions immediately. Victims will have to file claims and wait for crumbs.

Kenguru Safari
Kenguru Safari 3 months

goat goes "who ate all this wheat *nomnom*"

Tiktator
Tiktator 3 months

and this is why the keep shutting off power. And they should

Midgetelf
Midgetelf 3 months

How about PG&E spend those billions replacing infrastructure instead? And use their own instead of tax payer dollars.

Gordon
Gordon 3 months

And next year Californians will be complaining that their rates went up way too much.

Katharine
Katharine 3 months

crazy, I was gonna invest in that

Occam’s lazer
Occam’s lazer 3 months

I hate PG&E, made me sit through a stupid 3 hour turtle training class to enter a jobsite

Andrew 1010
Andrew 1010 3 months

PG&E you need to dissolve for being so shit at running the electric grid.

Joseph Cribari
Joseph Cribari 3 months

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.

🌀W_AS
🌀W_AS 1 months

They reached a settlement and now the feds want 4 billion of it?

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