PG&E Distributes $141 Million to California Wildfire Victims
Thousands of California victims of wildfires linked to PG&E Corp. have received payments totaling $141.3 million from the utility’s bankruptcy — but are being warned that the payout process is proceeding slowly.
In a letter to victims filed this week in U.S. Bankruptcy Court, the Fire Victim Trust said this week that it has sent money to 7,547 victims of the 2018 Camp Fire and other wildfires that drove PG&E into bankruptcy in 2019. That represents a little more than 10% of the victims of the fires, which date to 2015.
About two-thirds of the money disbursed so far has been the “preliminary payments” geared toward victims who are considered “vulnerable and struggling because of the fires and impacted even more by the COVID-19 crisis,” the fund’s trustee John Trotter said in his letter. Those payments are capped at $25,000.
