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PG&E Says It Has Reached $13.5 Billion Wildfire Settlement

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Noah Berger
/
AP Photo
In this Nov. 8, 2018 file photo, a home burns as a wildfire called Camp Fire rages through Paradise, California

Pacific Gas and Electric says it has reached a $13.5 billion settlement that will resolve all major claims related to devastating wildfires blamed on its outdated equipment and negligence. The settlement, which the utility says was reached Friday, still requires court approval. PG&E says it is a key step in leading it out of Chapter 11 bankruptcy.