Insurance
Apr. 15, 2020
Attorneys spar over funding PG&E’s $4M manslaughter fine
The utility originally intended to use interest accrued in its $13.5 billion settlement with wildfire victims to pay the penalty. It argued the two sides agreed all fines from “fire claimants” would be paid with money from the trust.
SAN FRANCISCO -- Pacific Gas & Electric Corp. will not use money meant for wildfire victims to pay a $4 million fine to Butte County after pleading guilty to 84 felony counts of manslaughter, the utility's attorney told a bankruptcy judge Tuesday.
After a wave of public criticism from claimants, PG&E reached a deal with insurers to pay the fine.
The utility originally intended to use interest accr...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In