A California utility agreed Tuesday to pay $1 billion to 14 local governments to cover damages from a series of deadly wildfires caused by its downed power lines.
The settlement is a sliver of the more than $30 billion in potential damages Pacific Gas & Electric is facing in lawsuits filed by local governments, insurance companies and private property owners.
More than half of the $1 billion in the agreement would go to four governments impacted by a 2018 fire that killed 85 people and destroyed nearly 14,000 homes in Northern California.
How the money would be distributed:
2015 FIRE IN CALAVARES COUNTY
- $3 million to the Calaveras County Water District.
- 2017 FIRES IN NORTHERN CALIFORNIA WINE COUNTRY
- $415 million divided among nine entities:
- Mendocino County
- Sonoma County
- City of Santa Rosa
- Napa County
- City of Napa
- Lake County
- City of Clearlake
- Yuba County
- Nevada County
2018 FIRE IN NORTHERN CALIFORNIA
- $270 million to the Town of Paradise
- $252 million to Butte County
- $47.5 million to Paradise Recreation and Parks District
- $12.5 million to Yuba County
Related:
- PG&E Settles for $1B with Local Governments for California Fire Claims
- Bankruptcy Judge Approves PG&E $105 Million Assistance Fund for Wildfire Victims
- California Utility Regulator OKs PG&E’s Wildfire Mitigation Plan
Topics Catastrophe Natural Disasters Wildfire
Was this article valuable?
Here are more articles you may enjoy.
Hackers and Crime Rings Are Teaming Up to Steal Cargo, Cyber Firm Says 
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
Black Vultures Spreading North, Attacking and Killing Cattle 
Chubb Group Vice Chair Lupica to Retire at 2025 End 
