Pacific Gas & Electric must pay $125 million for its role in the 2019 Kincade Fire in Sonoma County, according to a settlement with the California Public Utilities Commission
PG&E shareholders will pay $40 million to the state's general fund and $85 million will go toward removal of abandoned transmission facilities in its service territory, CPUC said in a statement. The utility will not be allowed to pass on those costs to customers.Cal Fire determined the 77,758-acre blaze in 2020 was caused by PG&E's transmission lines.
" Read More"We believe the settlement will assist in allowing all parties to move forward from the fire, and permit us to focus on compensating victims and making our energy system safer," the statement added.Earlier this year, criminal charges were filed against PG&E over the Kincade Fire.
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PG&E to pay $125 million in fines and penalties under Kincade fire settlementThe California Public Utilities Commission approved the penalties for violations linked to the start of the 2019 Kincade fire, which burned more than 77,000 acres in Sonoma County.
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