Wildfire victims request $13.5B in claims in PG&E bankruptcy
A committee representing victims in the 2017 and 2018 Northern California wildfires is seeking $13.5 billion in claims for victims during the Pacific Gas & Electric (PG&E) bankruptcy case.
The committee’s lawyer announced the committee’s request at a hearing Monday, Reuters reported. PG&E had previously proposed paying a maximum of $8.4 billion to victims of the wildfires, which were blamed on faulty company equipment.
{mosads}The company filed for Chapter 11 bankruptcy protection in January to protect itself from liabilities. PG&E had said it anticipated liabilities reaching more than $30 billion, according to the news wire.
PG&E has already agreed to $12 billion in settlements to public entities affected by the wildfires, according to Reuters.
The Hill reached out to PG&E for comment.
Also on Monday, PG&E had warned it might be shutting off power across much of California later this week in an effort to prevent further blazes.
Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Regular the hill posts