PG&E settles California fire claims with local governments for $1 billion
PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise,/ SAN FRANCISCO (Reuters) - PG&E Corp will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the governments said on Tuesday. Payments to the local governments will settle claims from lawsuits put on hold by PG&E's bankruptcy and are separate from the thousands of individual claims stemming from wildfires that the company expects will be ...
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