PG&E files $17.9 billion bankruptcy exit plan that caps payments to wildfire victims
The reorganization plan proposed by
The proposal also would cap payments to insurance carriers that are seeking reimbursement from
"This is outrageous," said
Some estimates have placed
"Under the plan we filed today, we will meet our commitment to fairly compensate wildfire victims and we will emerge from Chapter 11 financially sound and able to continue meeting
But
The company, though, indicated that the proposal in its current form wouldn't necessarily raise rates.
"It's rate neutral for customers,"
On
"The plan is a framework for compensating wildfire victims and other stakeholders,"
The utility is already a convicted felon for crimes it committed before and after a fatal explosion of natural gas in
State fire investigators have determined that
In May,
The utility also has been found to be responsible for causing a fatal fire that scorched parts of
Separately, the city of
While it isn't a major surprise that
"
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