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PG&E Agrees to a $150M Settlement Over Deadly California Fire

PG&E logo on sign.

Pacific Gas and Electric Co. agreed to a $150 million settlement Thursday with the California Public Utilities Commission for the electric company’s involvement in the 2020 Zogg Fire that killed four people and burned over 56,000 acres of land in Shasta and Tehama counties.

According to the agreement, PG&E will pay $10 million to California’s General Fund while another $140 million of the company’s shareholder funds to new “wildfire mitigation initiatives.”

Among the initiatives, PG&E must verify that every tree prospectively marked for removal is dated and designated with GPS coordinates, according to the CPUC. Additionally, the company must improve vegetation management training and invest in fire safety councils.

Read more at News.law

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