PG&E still lacks estimate on compensating wildfire victims - News Summed Up

PG&E still lacks estimate on compensating wildfire victims


Victims’ lawyers questioned PG&E executives during the meeting in San Francisco between the utility in bankruptcy court and its creditors. PG&E filed for bankruptcy in January, saying it faced at least $13 billion in legal claims from wildfire victims. Wells said PG&E needs lawmakers to lessen the utility’s wildfire liability to attract investors and financing to help pay the pending claims. Internal emails exchanged between a Butte County prosecutor and lawyers for PG&E and wildfire victims confirming the criminal probe were also filed in bankruptcy court on April 15. Wells also said on Monday that PG&E was putting together an emergency fund to compensate uninsured victims of the Northern California fire.


Source: thestar April 29, 2019 22:41 UTC



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