PG&E agrees to billion dollar wildfire settlement

Power company blamed for sparking deadly fires

PGE agrees to major settlement

BUTTE COUNTY, Calif. - The California power company blamed for sparking a pair of deadly wildfires agrees to a multi-billion dollar settlement.

Pacific Gas & Electric has agreed to pay an $11-billion settlement to cover damaged and deaths associated with the fires.

State investigators say PG&E transmission lines sparked the 2018 "Camp Fire" in Northern California.

The blaze killed 85 people, scorched 153-thousand acres, and virtually wiped the town of Paradise off the map.

PG&E lines also sparked a 2017 fire that killed nine.

The settlement covers the majority of insurance claims from both blazes.


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