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Sat Dec 7, 2019, 07:36 AM

PG&E says it has reached $13.5 billion wildfire settlement

Source: AP

LOS ANGELES (AP) — Pacific Gas and Electric announced Friday it has reached a tentative $13.5 billion settlement resolving all major claims related to the deadly, devastating Northern California wildfires of 2017-2018 that were blamed on its outdated equipment and negligence.

The utility says the deal, which still requires court approval, represents a key step in leading it out of Chapter 11 bankruptcy.

The deal is expected to resolve all claims arising from a series of deadly 2017 Northern California wildfires and the 2018 Camp Fire, which killed 85 people and all but incinerated the town of Paradise. It also resolves claims from the 2015 Butte Fire and Oakland’s 2016 Ghost Ship Fire.

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

Read more: https://www.meridianstar.com/news/nation_and_world/pg-e-says-it-has-reached-billion-wildfire-settlement/article_ebc415d1-b06f-5804-a0cc-a7e370573d45.html

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Reply PG&E says it has reached $13.5 billion wildfire settlement (Original post)
TexasTowelie Dec 7 OP
sakabatou Dec 7 #1
rampartc Dec 7 #2
Humanist_Activist Dec 7 #3
not fooled Dec 7 #4
Humanist_Activist Dec 7 #5
benld74 Dec 7 #6
Bayard Dec 7 #7

Response to TexasTowelie (Original post)

Sat Dec 7, 2019, 07:40 AM

1. So will they fix their problems or let the CEOs have a golden parachute?

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Response to TexasTowelie (Original post)

Sat Dec 7, 2019, 07:43 AM

2. the money compensation is ok (i have no idea if it is fair)

but maintain the power lines and easements is essential.

those power lines should have an easement wide enough to serve as a firebrake.

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Response to TexasTowelie (Original post)

Sat Dec 7, 2019, 08:53 AM

3. Why the fuck doesn't he state take them over, why the fuck does a private utility exist? n/t

 

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Response to Humanist_Activist (Reply #3)

Sat Dec 7, 2019, 09:56 AM

4. PG&E

has poured millions into the hands of politicians, including Newsom. That's why it will never be publicly owned.


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Response to not fooled (Reply #4)

Sat Dec 7, 2019, 09:57 AM

5. We live in a oligarchy, not a democracy, we are the world's richest banana republic...

 

and we can't even blame others for making us this way, we did it to ourselves. This problem has existed well before Trump.

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Response to TexasTowelie (Original post)

Sat Dec 7, 2019, 12:38 PM

6. Bankruptcy comes soon, watch

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Response to benld74 (Reply #6)

Sat Dec 7, 2019, 01:18 PM

7. They are already in Chapter 11 bankruptcy

This is the settlement stemming from there.

Settles all, "major claims". What does that mean exactly for individuals?

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