Former executives and directors of Pacific Gas & Electric have agreed to pay $117 million to settle a lawsuit over devastating 2017 and 2018 California wildfires sparked by the utility’s equipment, it was announced Thursday.
As part of that deal, PG&E granted the victims the right to go after the utility’s hierarchy leading up to and during a series of wind-driven wildfires that killed more than 100 people and destroyed more than 25,000 homes and businesses, including the 2018 Camp Fire, which killed 85 people and destroyed much of the town of Paradise in Butte County.
Those sued by the fire trust included two of PG&E’s former chief executives, Anthony Earley and Geisha Williams, who were paid millions of dollars during their terms, and former board members. They were covered by liability insurance secured by the utility, the trust has said. The settlement money won’t go to fire victims. Instead, under a bankruptcy court order, the money will be used to satisfy "the vast majority" of claims made by federal agencies, such as the U.S. Forest Service, that helped fight the blazes and assist the victims, said a statement from Frank M. Pitre, lead attorney for the trust.
anyone else read “wind driven” as “PG&E driven”? …a series of wind-driven wildfires that killed more than 100 people and destroyed more than 25,000 homes and businesses peopledied
Where does the money go? Will it reimburse me for my higher homeowner rates since I didn't start the fires nor did I file any claims. People like me have paid an unfair price for PG&E fires!
And newsom just gave them the ok to operate at nuclear plant, this should go well. Oh and fun fact, PG & E was at that notorious covid dinner with him. You guys always leave that out.
Wow, Newsom probably won’t get the usual kickback he’s used to
CodeRed001Blue Should be in prison People died.
What a joke
FirePhotoGirl ironically those fires made now much less devestating
I don't understand why this company still exists. It should be broken up, sold off, and their execs should never be allowed own or operate a business in the state of California again. 🙄
Every time California sues the power companies, rates go up