How PG&E Will Pay $1 Billion to Cover California Wildfire Settlement

A California utility has agreed to pay $1 billion to 14 local governments to cover damages from several wildfires caused by the company’s downed power lines.

Pacific Gas & Electric is facing at least $30 billion in potential damages in lawsuits filed by local governments, insurance companies and private property owners. PG&E’s settlement with local governments on Tuesday must be approved by a bankruptcy court before it can take effect.

How the money would be distributed:

2015 FIRE IN CALAVARES COUNTY

$3 million to the Calaveras County Water District.

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2017 FIRES IN NORTHERN CALIFORNIA WINE COUNTRY

$415 million divided among nine entities:

Mendocino County

Sonoma County

City of Santa Rosa

Napa County

City of Napa

Lake County

City of Clearlake

Yuba County

Nevada County

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2018 FIRE IN NORTHERN CALIFORNIA

$270 million to the Town of Paradise

$252 million to Butte County

$47.5 million to Paradise Recreation and Parks District

$12.5 million to Yuba County

This post was originally posted at http://www.nbcbayarea.com/news/local/How-PGE-Will-Pay-1-Billion-to-Cover-Californias-Wildfire-Settlement–511524311.html.

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