PG&E to pay US$1 billion to governments for wildfire damage

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A California utility agreed Tuesday to pay US$1 billion to 14 local governments to cover damages from a series of deadly wildfires caused by its downed power lines.

After a brief delay to let a downpour pass, volunteers resume their search for human remains at a mobile home park in Paradise, Calif., Friday, Nov. 23, 2018. SACRAMENTO, Calif. -- 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.

A total of $270 million would go to Paradise, which was mostly destroyed in the blaze. The town had 26,000 residents before the fire and now has less than 3,000 people. It has lost more than 90% of its tax revenue. PG&E filed for bankruptcy in January. The agreement would resolve claims from some local governments, but it still must be approved by a bankruptcy court. That likely won't happen until lawsuits by insurance companies and private property owners are resolved.

"We remain focused on supporting our customers and communities impacted by wildfires and helping them recover and rebuild," he said. The outages could mean multiday blackouts for cities as large as San Francisco and San Jose, Northern California's major power provider warned in a recent filing with the utilities commission.

 

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Extortion

Sure seems like it’s climatey up in here. Or wait it’s all human? Wow CBC you finally told the truth. What did he’ll freeze over?

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