Utility Pacific Gas & Electric agreed Monday to pay $55 million in penalties and costs to settle civil cases over two massive wildfires that affected six Northern California counties.
Why it matters: Investigators found PG&E's ageing, faulty utility equipment sparked the 2019 Kincade Fire and the 2019 Kincade Fire. But the agreement means the nation's largest utility will avoid criminal prosecution for the blazes, per a statement from the company.
