PG&E to pay $1 billion for wildfire damage

[TexasTowelie]

SACRAMENTO, Calif. (AP) — A California utility blamed for igniting several wildfires caused by downed power lines that killed dozens and destroyed thousands of homes agreed Tuesday to pay $1 billion in damages to local governments.

Attorneys representing 14 local public entities announced the settlement with Pacific Gas & Electric to cover "taxpayer losses."

More than half of the settlement is related to the 2018 fire in Northern California that killed 85 people and destroyed more than 13,000 homes. It included $270 million to the town of Paradise, which was mostly destroyed in the fire.

The money also covers damage from a 2015 in Butte County and a series of 2017 fires in Northern California wine country

Read more: https://www.heraldandnews.com/news/local_news/business/pg-e-to-pay-billion-for-wildfire-damage/article_70972aa5-7668-5fcb-a8ad-a9b71dc25c6f.html
(Klamath Falls Herald and News)

[BigmanPigman]

1. Will this get passed onto the customers

in a round about way? What about future fires? Are they taking preventative measures?

[onecaliberal]

2. And the PUC has already approved increases twice this year. Ratepayers will be forced to foot

The bill.