PG&E reaches $100 million shareholder settlement over 2017, 2018 California wildfires

Reuters

Mon, January 12, 2026 astatine 9:17 AM CST 1 min read

Jan 12 (Reuters) - The genitor of Pacific Gas and Electric reached a $100 cardinal colony with shareholders ​who accused the inferior relation of misleading ‌them astir its wildfire prevention and information protocols earlier wildfires successful ‌northern California successful 2017 and 2018.

A preliminary colony with PG&E was filed connected Saturday with the U.S. District Court successful San Jose, California, and requires a judge's ⁠approval.

Shareholders led by the ‌Public Employees Retirement Association of New Mexico said PG&E concealed its defective wildfire information ‍practices, including electrical instrumentality and vegetation absorption blamed for starting oregon exacerbating the 2017 North Bay fires and 2018 Camp ​Fire.

The North Bay fires included the Tubbs Fire, ‌which killed 22 radical and destroyed much than 5,600 structures, including astir 5% of the homes successful the metropolis of Santa Rosa. The Camp Fire killed 85 radical and destroyed much than 18,800 structures, including ⁠most of the municipality of ​Paradise.

PG&E denied wrongdoing successful agreeing to ​settle, tribunal papers show. It had nary contiguous remark connected Monday.

The litigation was delayed aft ‍PG&E filed ⁠for bankruptcy extortion successful January 2019.

PG&E reached a $13.5 cardinal colony with victims of galore wildfires the ⁠following December, and emerged from Chapter 11 extortion from creditors successful ‌June 2020.

(Reporting by Jonathan Stempel successful New ‌York; Editing by Chizu Nomiyama )