PG&E reaches $13.5-billion settlement with victims of devastating California wildfires [Los Angeles Times (CA)]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Los Angeles Times
Pacific Gas & Electric on Friday announced a $13.5-billion settlement for several Northern California wildfires that killed dozens of people and destroyed thousands of homes and businesses. The settlement with victims covers some of the worst fires in the state’s modern history, including the wine country blazes in 2017 and the fire that nearly destroyed the town of Paradise in 2018. “We want to help our customers, our neighbors and our friends in those impacted areas recover and rebuild after these tragic wildfires,” Chief Executive Bill Johnson said in a statement. The announcement also comes as the utility faces an uncertain future. PG&E’s transmission equipment has been widely blamed for repeatedly sparking wildfires, and the utility has not contested damning findings of recent investigations. The utility has filed for Chapter 11 bankruptcy protection , but is trying to remain financially viable. The utility says the settlement is a step in that direction. “With this important mil
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PCG
Earnings
- 2/22/24 - Beat
PCG
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- PCG's page on the SEC website