San Francisco • Pacific Gas and Electric says it has reached a $13.5 billion settlement that will resolve all major claims related to devastating wildfires blamed on its outdated equipment and negligence.
The settlement, which the utility says was reached Friday, still requires court approval. PG&E says it is a key step in leading it out of Chapter 11 bankruptcy.
It adds that the settlement will resolve all claims arising from the 2017 Northern California wildfires and 2018 Camp Fire, as well as all claims from the 2015 Butte Fire and 2016 Ghost Ship Fire in Oakland.