PG&E announces $13.5 billion settlement with California wildfire victims

[Byker]

And it doesn't include this year's fires...
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SAN FRANCISCO, Calif. - Pacific Gas & Electric Co. announced a $13.5 billion
settlement with individual Northern California wildfire victims.

According to PG&E the settlement resolves claims from the 2017 Northern
California wildfires, 2018 Camp Fire, 2015 Butte Fire as well as the 2016
Ghost Ship Fire in Oakland.

The settlement, which the utility says was reached Friday, still requires
court approval. PG&E says it is a key step in leading it out of Chapter 11
bankruptcy.

In Final Major Settlement, PG&E Reaches Agreement to Resolve Individual
Claims Relating to the 2017 and 2018 Wildfires and the 2015 Butte Fire -
PG&E Has Now Reached Settlements with All Major Groups of Wildfire Claimants
http://bit.ly/2sTzDE9

Officials say the settlement is subject to a number of conditions and is to
be implemented pursuant to PG&E’s Chapter 11 Plan of Reorganization. A
statement issued by PG&E says bankruptcy court approval of the settlement
would put PG&E "on a sustainable path forward to emerge from Chapter 11 by
the June 30, 2020, deadline to participate in the State of California’s
go-forward wildfire fund".

“From the beginning of the Chapter 11 process, getting wildfire victims
fairly compensated, especially the individuals, has been our primary goal.
We want to help our customers, our neighbors and our friends in those
impacted areas recover and rebuild after these tragic wildfires,” CEO and
President of PG&E Corporation Bill Johnson said in a statement online.

https://www.fox5ny.com/news/pge-announces-13-5-billion-settlement-with-california-wildfire-victims