PG&E reaches $13.5B settlement for wildfire victims
FOX Business’ Susan Li reports on courts approving PG&E’s settlement with wildfire victims, potentially paving the way for the company to exit bankruptcy.
A federal judge criticized Pacific Gas & Electric for falling behind on its court-mandated fire safety measures, reportedly saying the utility company violated the terms of its probation.
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During a hearing Wednesday, U.S. District Court Judge William Alsup said he may make PG&E hire more tree trimmers and place limits on how it pays bonuses to managers because of safety concerns about its aging equipment as it also navigates a bankruptcy, Bloomberg reported.
“PG&E has fallen so far behind on its own mitigation plan and is not in compliance with the state law and has violated its terms of probation,” Alsup said, according to the report.