In a statement, PG&E said it was “committed to satisfying all wildfire claims in full” as required by law and as laid out in its bankruptcy plan. A representative for the wildfire victims declined to comment. AdvertisementLast month, the company — which is the parent of Pacific Gas & Electric — proposed $13.5 billion in compensation to the wildfire victims, people with knowledge of the matter said at the time. The company had initially offered victims $8.4 billion, a fraction of what they said they were owed. Gavin Newsom threatened a state takeover if the utility failed to reach a deal with creditors and wildfire victims soon.

Source: Los Angeles Times December 04, 2019 19:18 UTC