Wildfire victim advice: Talk to attorneys
The company released details late last Friday.
Local Assemblyman
"The devil is in the details and they aren't fully fleshed out yet, so that's why every victim should be talking with their attorney to fully understand how this is going to work," he said.
PGE recently settled with wildfire claimants from the 2015 Butte Fire, 2017
"This settlement represents significant progress toward resolving our Chapter 11 cases and allows
PGE is on a time crunch to settle the claims and emerge from bankruptcy by
Gallagher said AB 1054 gave the state a leverage tool to help victims receive a much better settlement than they likely would've without the impending deadline.
"When we heard (PGE) elected to go into bankruptcy, a lot of us had concerns that the recovery for victims would be minimal," Gallagher said. "I think that this, at least in concept, is a pretty large settlement to compensate victims."
As part of its plan to emerge from bankruptcy, PGE also reached a
PGE will now amend and finalize its reorganization plan and await approval from the bankruptcy court. Gov.
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