PG&E Will Pay $125 Million in Fines and Penalties Under a Settlement Reached With the State Over the 2019 Kincade Fires Posted on December 3, 2021 by The National Trial Lawyers Pacific Gas & Electric Co., whose faulty equipment was blamed for sparking California’s worst wildfire of 2019, will pay $125 million in fines and penalties under a settlement reached with state regulators, officials announced Thursday. Under a settlement agreement with the California Public Utilities Commission’s Safety and Enforcement Division, PG&E shareholders will pay a $40-million fine into the state’s general fund. The utility also agreed not to raise rates to cover the $85-million cost for permanent removal of abandoned transmission facilities, bringing the total fines and penalties to $125 million. Read the source article at latimes.com
