Bankruptcy judge approves $105M PG&E fund to help wildfire survivors - News Summed Up

Bankruptcy judge approves $105M PG&E fund to help wildfire survivors


U.S. Bankruptcy Judge Dennis Montali called the fund -- it was created by the utility -- an "appropriate remedy." "We are ready, willing and anxious to fund the $105 million," Stephen Karotkin, an attorney for PG&E, told Montali. Lawyers for some survivors argued that the utility could pay up to $250 million to help their clients. DEATHS AND SIZEThe fund will help those who are uninsured, need help with housing costs or have other needs. PG&E will draw the $105 million from its cash reserves, with administrative costs capped at $5 million.


Source: Fox News May 23, 2019 00:33 UTC



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