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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.
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.
If PG&E doesn't pay, FEMA believes it might have to seek up to $200 million from fire victims who also tap into the $13.5 settlement for some of the same losses that the agency already doled out.
