PG&E agrees to $55M deal over California wildfires, escaping criminal prosecution
FOX Business Flash top headlines for April 11
Here are your FOX Business Flash top headlines for April 11.
Pacific Gas and Electric Co., reached a $55 million deal with six California counties devastated by wildfire Monday, agreeing to five years of independent oversight.
The civil settlement, first reported by the San Francisco Chronicle, also ended criminal investigations into the San Francisco-headquartered utility company in connection to the 2019 Kincade Fire and 2021’s Dixie Fire in the Sierra Nevada.
PG&E RELEASED NEW PLAN FOR 2022 FIRE SAFETY
Sonoma County prosecutors had accused PG&E of reckless conduct for keeping energy flowing through a high-powered transmission tower in a windy mountainous area prone to fire for more than a decade leading up to the Kincade Fire. The deal announced Monday also closed criminal investigations into PG&E’s operations in Butte, Lassen, Plumas, Shasta and Tehama counties after the company kept energy flowing for 10 hours after a tree fell onto powerlines near the Cresta Dam in the Feather River Canyon.