A California utility whose equipment and downed power lines were blamed for igniting wildfires that killed dozens of people and destroyed thousands of homes has agreed to pay $1 billion in compensation.
FILE - In this Sept. 12, 2015 file photo, California Department of Corrections and Rehabilitation inmates stand guard as flames from the Butte Fire approach a containment line near San Andreas, Calif. Attorneys representing 14 local governments said Tuesday, June 18, 2019 that they had reached a $1 billion settlement with California utility Pacific Gas & Electric for a series of fires dating to 2015.
More than half of the settlement is related to the 2018 fire in Northern California that killed 85 people and destroyed more than 13,000 homes. It included $270 million to the town of Paradise, which was mostly destroyed in the fire. “This money will help local government and taxpayers rebuild their communities after several years of devastating wildfires,” Baron & Budd said in a news release. “The cities and counties will be in a better position to help their citizens rebuild and move forward.”
Last month, regulators approved allowing utilities to cut off electricity to possibly hundreds of thousands of customers to avoid catastrophic wildfires.
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