PG&E to set up wildfire relief fund with $105 million

PG&E says it will set up a $105 million fund to help survivors of recent California wildfires started by the utility's equipment.

Posted: May 2, 2019 4:01 PM
Updated: Jun 10, 2019 6:18 PM

CALIFORNIA - PG&E says it will set up a $105 million fund to help survivors of recent California wildfires started by the utility's equipment.

In a court filing on May 1, the company says the wildfire assistance program will provide relief for people who lost property during the blazes in 2017 and 2018.

The plan requires approval in federal bankruptcy court.

This follows the January filing for bankruptcy protection by PG&E in which the company stated it faced at least $13 billion in legal claims from wildfire victims.

PG&E's equipment is the prime suspect in the cause of October 2017 fires in Napa and Sonoma Counties and last November's Camp Fire.

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