KPAY Alerts:

Clay Travis & Buck Sexton Weekdays 9a-12p
Sean Hannity Weekdays 12-3p
Lars Larson Weekdays 3-6p
Mark Levine Weekdays 6p-9p

KPAY News

PG&E $1 Billion Settlement

SAN FRANCISCO (AP) — PG&E has agreed to pay $1 billion to local governments after being blamed for igniting several wildfires that killed dozens and destroyed thousands of homes. 

Attorneys representing 14 local public entities announced the settlement with Pacific Gas & Electric on Tuesday to cover "taxpayer losses." The fires include a 2015 fire in Butte County, a series of 2017 fires in Northern California wine country and the 2018 Camp Fire that destroyed the town of Paradise and killed 85 people.

PG&E Corp. filed for bankruptcy earlier this year citing billions of dollars in expected losses, mostly from lawsuits filed by individual fire victims, businesses and insurance companies. A judge overseeing that case must approve the settlement announced Tuesday.