Jan 12 (Reuters) – The parent of Pacific Gas and Electric reached a $100 million settlement with shareholders \u200bwho accused the utility operator of misleading \u200cthem about its wildfire prevention and safety protocols before wildfires in \u200cnorthern California in 2017 and 2018.<\/p>\n
A preliminary settlement with PG&E was filed on Saturday with the U.S. District Court in San Jose, California, and requires a judge’s \u2060approval.<\/p>\n
Shareholders led by the \u200cPublic Employees Retirement Association of New Mexico said PG&E concealed its defective wildfire safety \u200dpractices, including electrical equipment and vegetation management blamed for starting or exacerbating the 2017 North Bay fires and 2018 Camp \u200bFire.<\/p>\n
The North Bay fires included the Tubbs Fire, \u200cwhich killed 22 people and destroyed more than 5,600 structures, including about 5% of the homes in the city of Santa Rosa. The Camp Fire killed 85 people and destroyed more than 18,800 structures, including \u2060most of the town of \u200bParadise.<\/p>\n
PG&E denied wrongdoing in agreeing to \u200bsettle, court papers show. It had no immediate comment on Monday.<\/p>\n
The litigation was delayed after \u200dPG&E filed \u2060for bankruptcy protection in January 2019.<\/p>\n
PG&E reached a $13.5 billion settlement with victims of many wildfires the \u2060following December, and emerged from Chapter 11 protection from creditors in \u200cJune 2020.<\/p>\n
(Reporting by Jonathan Stempel in New \u200cYork; Editing by Chizu Nomiyama )<\/p>\n","protected":false},"excerpt":{"rendered":"Jan 12 (Reuters) – The parent of Pacific Gas and Electric reached a $100 million settlement with shareholders…\n","protected":false},"author":2,"featured_media":130375,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,9,8,266,56201,67053,45892],"class_list":["post-130374","post","type-post","status-publish","format-standard","has-post-thumbnail","category-california","tag-california","tag-california-headlines","tag-california-news","tag-northern-california","tag-pacific-gas-and-electric","tag-safety-protocols","tag-wildfire-prevention"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/130374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=130374"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/130374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/130375"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=130374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=130374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=130374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}