CALIFORNIA - While the cause of the Camp Fire is still under investigation, PG&E said on Thursday that it believes it is "probable" that its equipment will be determined to be an ignition point of the fire.
The announcement came from the utility's full-year and fourth-quarter 2018 earnings report. In the document, PG&E also provided an update on the expected financial impacts of the Camp Fire and 2017 Northern California wildfires.
According to the report, the utility recorded $10.5 billion in charges related to the 2018 Camp Fire and an addition $1 billion in charges related to 2017 Northern California wildfires.
Additionally, the Caribou-Palermo Transmission Line in Butte County will remain out of service until it is deemed to be fully safe or decommissioned. The transmission line is considered to be associated with the 2018 Camp Fire.
The report also indicated that the company completed two-thirds of enhanced electric transmission inspections in high fire threat areas since November of 2018.
To read the detailed report, CLICK HERE.