Former Executives of PG&E Reach $117M Settlement Over California Wildfires
Former executives with utility giant Pacific Gas & Electric have reached a $117-million settlement agreement in connection with the 2017 North Bay fires and the 2018 Camp fire, officials said.
The former officers and directors were sued by a victim trust that claimed the deadly fires were the direct result of the former executives’ actions, and the trust announced on Thursday that the agreement was finalized in San Francisco County Superior Court.
A dozen fires that ripped through Northern California in October 2017 were sparked by downed power lines owned by PG&E, according to the California Department of Forestry and Fire Protection. The fires raged across California’s wine country, including Napa, Sonoma, Humboldt, Butte and Mendocino counties and killed 19 people.
