(Bloomberg) — California utility regulators have reached a settlement with PG&E Corp. over violations tied to catastrophic wildfires ignited by the company’s power lines in 2017 and 2018.The proposed settlement would bar PG&E from recovering $1.625 billion in wildfire-related costs from ratepayers and would have the company spending $50 million for system enhancements and community engagement, according to the California Public Utilities Commission.The deal, which still needs to be approved by the commission, eliminates some overhang for PG&E. The company was forced into bankruptcy in January after its equipment was found to have ignited deadly wildfires in 2017 and 2018, …read more
Source:: Yahoo Finance
