US: PG&E to pay $1 billion to governments for wildfire damage - PressFrom - US
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USPG&E to pay $1 billion to governments for wildfire damage

01:06  19 june  2019
01:06  19 june  2019 Source:   msn.com

Wildfire forces hundreds to flee California Six Flags

Wildfire forces hundreds to flee California Six Flags Crews are battling at least six fires burning across California this morning . There's no official word on the cause of the fire but the area is a tinderbox right now, reports CBS News' Janet Shamlian. Searing heat and high winds are creating perfect conditions for fire. Video on social media showed hundreds of people streaming out the park. Some were still on rides when thick smoke turned the sky dark. "It was like getting in our eyes and we couldn't see for a little bit and they gave us like these masks to wear," Six Flags Magic Mountain employee Manuel Rodriguez said. "It was pretty scary.

In addition to wildfires , PG & E was found at fault in one of California’s biggest disasters in this PG & E estimates that the cost to the average consumer could be a year for every $ 1 billion in Although jarring, the move to draw down its credit lines gives the company a pool of funds that it can use to pay

The creation of a fund that would allow utilities to pay for wildfire damage claims sent PG & E Corp shares soaring nearly 12 percent before closing 3.95 The current system pushed PG & E to seek bankruptcy protection in January, as it faced liabilities in excess of billion related to the deadliest

PG&E to pay $1 billion to governments for wildfire damage © Jeff Chiu/AP Photo Homes burned by a wildfire are seen on October 11, 2017, in Santa Rosa, Calif. SAN FRANCISCO (AP) — A California utility blamed for igniting several wildfires that killed dozens and destroyed thousands of homes has agreed to pay $1 billion to local governments.

Attorneys representing 14 local public entities announced the settlement with Pacific Gas & Electric on Tuesday to cover "taxpayer losses." The fires include a 2015 fire in Butte County, a series of 2017 fires in Northern California wine country and the 2018 fire that destroyed the town of Paradise and killed 85 people.

PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage
PG&E to pay $1 billion to governments for wildfire damage

Slideshow by photo services

PG&E Corp. filed for bankruptcy earlier this year citing billions of dollars in expected losses, mostly from lawsuits filed by individual fire victims, businesses and insurance companies. A judge overseeing that case must approve the settlement announced Tuesday.

Pacific Gas & Electric did not immediately respond to a request for comment.

Spain battles huge wildfire amid scorching heatwave.
Firefighters are battling a major forest blaze in north-eastern Spain as an intense heat wave continues to scorch continental Europe. Around 10,000 acres of forest and other vegetation were affected by the fire near Tarragona in northeast Spain, according to the Catalan regional government. Around 350 fire crew, 12 fire engines and a number of vehicles with large water tanks were at the scene, according to the Catalan fire brigade. Seven aircraft, two hydroplanes and heavy machinery were also deployed, the fire service said.

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