“We are pleased that PG&E has finally admitted that the victims’ losses exceed $13.5 billion, and that PG&E is responsible for the victim’s losses,” said Robert Julian, a lawyer from the firm Baker Hostetler in San Francisco representing victims. AD“There have been many calls for PG&E to change in recent years,” PG&E president Bill Johnson said in a statement Friday. But a lawsuit by victims of that fire alleged that PG&E equipment did cause the blaze, and the case was set to go to trial in January. ADThe agreement Friday to compensate fire victims is the third major settlement PG&E has reached after filing for bankruptcy protection at the beginning of the year. In separate negotiations, the company agreed to a $1 billion settlement with cities and counties damaged by fires and an $11 billion settlement with insurers.

Source: Washington Post December 07, 2019 03:54 UTC