PG&E Says Wildfires Liability Could Top $30 Billion
Courtesy: MGN
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The company has acknowledged that its equipment may have played a role in sparking this summer’s Dixie Fire, which has burned nearly 1 million acres and is now the second-largest wildfire in state history.
PG&E sought refuge in bankruptcy in January as it grappled with $36 billion in claims from people who lost homes, businesses and family members in those fires.
PG&E's stock is surging after the utility reached a tentative $13.5 billion settlement resolving all major claims related to Northern California wildfires of 2017 and 2018.
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