The settlement will be paid for out of the $200 million insurance policy PG&E carried for its former corporate officials, not from any operating funds.
“It is our hope that in holding PG&E’s past officers and directors accountable in connection with the damage inflicted on thousands of fire victims in California, the current board and new leadership of PG&E charts a different course where safety and the protection of customers is the central operating principle of the company,” Cathy Yanni, trustee for fire victims, said in a statement.
“We are pleased to see early signs of a new focus on safety with PG&E’s recent announcements about plans to harden infrastructure and lay power lines underground, both measures that would significantly reduce fire hazards.”
Lock them up!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PG&E officials reach $117 million settlement over California wildfiresA $117 million settlement has been reached with former PG&E Corp executives and directors who were accused in a lawsuit of lax oversight of the utility's safety measures prior to the 2017 North Bay and 2018 Camp wildfires. lauferlaw Doesn't seem like enough money PG&E has already raised rates big time so this settlement amount won't affect them. 'All told, PG&E has been blamed for more than 30 wildfires since 2017 that wiped out more than 23,000 homes and businesses and killed more than 100 people.'
Source: ReutersScience - 🏆 559. / 51 Read more »
PG&E officials reach $117 mln settlement over California wildfiresA $117 million settlement has been reached with former PG&E Corp executives and directors who were accused in a lawsuit of lax oversight of the utility's safety measures prior to the 2017 North Bay and 2018 Camp fires, two of California's most destructive wildfires.
Source: ReutersScience - 🏆 559. / 51 Read more »
Former PG&E officials unlikely to get future exec jobs after $117 million settlement: lawyerSettlement announced this week resulted from legal action against 20 former PG&E officials, including four CEOs, about a dozen directors, and senior officers of electrical transmission and dist…
Source: mercnews - 🏆 88. / 68 Read more »
With Aaron Judge's HR No. 61, What's His 2017 Rookie Card Value?Judge has come a long way from his 2016 MLB rookie debut, where he hit a home run in his first MLB career at bat and went on to have a record-breaking rookie season.
Source: NBCNewYork - 🏆 270. / 63 Read more »
Ian is the sixth Category 4 or higher hurricane to hit the Gulf Coast since 2017The Gulf Coast has been hit by several strong hurricanes since 2017. But only the first this year 🤷♂️
Source: ksatnews - 🏆 442. / 53 Read more »
PolitiFact - At least three Martha’s Vineyard towns adopted sanctuary policies in 2017The island of Martha’s Vineyard is not itself a city. It’s made up of six small towns, three of which voted to adopt sanctuary area policies in 2017. Migrants stayed at a shelter in one of the towns for two nights. Lies offered to specifically promulgate misinformation deserve Pants on Fire. Just sayin'
Source: PolitiFact - 🏆 17. / 71 Read more »