PG&E settlement, a financial tug-of-war

California wildfire victims are being held up against both state and federal agencies in the PG&E settlement.

Posted: Jan 1, 2020 10:47 PM
Updated: Jan 2, 2020 8:58 AM

CALIFORNIA - A financial tug-of-war is emerging over the $13.5 billion that PG&E has agreed to pay to the victims of California wildfires.

Government agencies are jockeying for more than half the money to cover the costs of their response to the catastrophes.

The settlement PG&E reached with the lawyers of wildfire victims leaves open how much would be used to compensate people who lost family members, homes and businesses in the fires.

RELATED: Judge OKs nearly $25 billion for PG&E fire victims, insurers

California state agencies say they are owed about $3.3 billion and federal agencies filed claims totaling $4.3 billion.

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