Former executives with utility giant Pacific Gas & Electric have reached a $117 million settlement agreement in connection to the 2017 North Bay fires and the 2018 Camp fire, officials said.
The former officers and directors were sued by a victim trust that claimed the deadly fires were the direct result of the former executives’ actions and the trust announced Thursday that the agreement was finalized in San Francisco Superior Court.
A dozen fires ripped through Northern California in October 2017 and were sparked by downed power lines owned by PG&E, according to Cal Fire. The fires raged across California’s wine country, including Napa, Sonoma, Humboldt, Butte and Mendocino counties, and killed 19 people.
