Burned-out homes and vehicles stand in Paradise, California, U.S., on Monday, November 26, 2018. The nation's deadliest wildfire in a century known as the Camp Fire killed at least 85 people and burned over 14,000 homes. (Photo: David Paul Morris/Bloomberg)
PG&E Corporation and Pacific Gas and Electric Company (together, "PG&E") have agreed to a settlement with the Official Committee of Tort Claimants (TCC) and with firms representing individual claimants who sustained losses from the 2017 Northern California Wildfires and 2018 Camp Fire.
In a statement, PG&E valued the settlement agreement at approximately $13.5 billion and said that it had the support of the TCC.
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Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].
