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PG&E wants to use wildfire victims fund to pay for past crimes

PG&E
Posted at 6:22 PM, Mar 27, 2020

Pacific Gas & Electric is warning its elaborate plan for getting out of bankruptcy might collapse if the utility can’t pay for its crimes in a deadly wildfire by taking money away from a fund set up to compensate thousands of victims for their losses.

The twist this week comes after PG&E disclosed it will plead guilty to 84 felony counts of involuntary manslaughter for its role in a deadly wildfire in Northern California in 2018.

The nation's largest utility will pay a $4 million fine as part of its plea but plans to do so by drawing upon a $13.5 billion settlement with wildfire victims.