A California utility agreed Tuesday to pay $1 billion to 14 local governments to cover damages from a series of deadly wildfires caused by its downed power lines.
The settlement is a sliver of the more than $30 billion in potential damages Pacific Gas & Electric is facing in lawsuits filed by local governments, insurance companies and private property owners.
More than half of the $1 billion in the agreement would go to four governments impacted by a 2018 fire that killed 85 people and destroyed nearly 14,000 homes in Northern California.
How the money would be distributed:
2015 FIRE IN CALAVARES COUNTY
- $3 million to the Calaveras County Water District.
- 2017 FIRES IN NORTHERN CALIFORNIA WINE COUNTRY
- $415 million divided among nine entities:
- Mendocino County
- Sonoma County
- City of Santa Rosa
- Napa County
- City of Napa
- Lake County
- City of Clearlake
- Yuba County
- Nevada County
2018 FIRE IN NORTHERN CALIFORNIA
- $270 million to the Town of Paradise
- $252 million to Butte County
- $47.5 million to Paradise Recreation and Parks District
- $12.5 million to Yuba County
Related:
- PG&E Settles for $1B with Local Governments for California Fire Claims
- Bankruptcy Judge Approves PG&E $105 Million Assistance Fund for Wildfire Victims
- California Utility Regulator OKs PG&E’s Wildfire Mitigation Plan
Topics Catastrophe Natural Disasters Wildfire
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