Approximately $13.5 billion will be paid to individual victims; $1 billion to certain cities, counties, and other public entities; and $11 billion to insurance companies and other entities.
PG&E filed for Chapter 11 bankruptcy in January last year following allegations that its downed power lines and exploding transformers caused the wildfires in 2017 and 2018. It is the second time the utility company filed for bankruptcy protection.
