PG&E to Pay $45 Million for Second-Largest California Fire
October 9, 2023
PG&E Corp. will pay a $45 million penalty for its role in starting the second-largest wildfire in California history under a settlement proposal issued by state regulators.
The California utility giant agreed to the shareholder-funded penalty proposed by the California Public Utility Commission’s safety division, according to a filing Monday. The regulatory agency will vote on the proposal at its November 16 meeting, a statement said.
