TV News LIES

Wednesday, Sep 18th

Last update05:20:13 AM GMT

You are here News Domestic (USA) Bankrupt California utility blamed for deadly wildfires agrees to $11bn payout

Bankrupt California utility blamed for deadly wildfires agrees to $11bn payout

E-mail Print PDF
California utility company to pay $11B for fires

A utility company with a history of sparking wildfires has agreed to pay $11bn to a group of insurance companies representing claimants from deadly northern California wildfires in 2017 and 2018.

The tentative agreement includes insurance claims from the town of Paradise, where 86 died last November, Pacific Gas & Electric (PG&E) said in a statement Friday.

The agreement comes after the utility filed for bankruptcy protection in January because it could not afford the estimated $30bn in potential wildfire liabilities.

More...


Most Recent Related Stories...


International Panel of Experts Will Condemn FAA Over 737 Max Approval: Report

Experts to condemn FAA approval of 737 MAX approvalA panel of international air-safety experts is set to condemn the U.S. approval process for Boeing’s...

Ric Ocasek’s Death Generates Outpouring Of Tributes, Remembrances

Ric Ocasek death gets outporing Music heavyweights of The Cars’ era and others took to Twitter Sunday to remember Ric Ocasek,...

Award-winning journalist and trailblazing political commentator Cokie Roberts dies at 75

Cokie Roberts dies at 75 Veteran journalist and political commentator Cokie Roberts died Tuesday at age 75, according to ABC News. "Our...

As talks falter, UAW calls first national strike against GM since 2007

UAW strikes GMThe United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!