A burned-out vehicle stands during the Camp Fire in Paradise, California, U.S., on Tuesday, Nov. 13, 2018. A burned-out vehicle stands during the Camp Fire in Paradise, California, U.S., on Tuesday, Nov. 13, 2018. (Photo: David Paul Morris/Bloomberg)

PG&E Corp., the California utility giant that went bankrupt five months ago amid crippling wildfire liabilities, has reached a $1 billion settlement with local government agencies that were harmed by blazes its equipment ignited.

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