PG&E to Pay $125 Million Over California Wine Country Fire
- Utility reaches settlement with state over 2019 Kincade Fire
- Fire was sparked by line PG&E should have been removed
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PG&E Corp. has reached a settlement agreement with California regulators over the 2019 Kincade Fire north of San Francisco, which state investigators say was sparked by a unused power line the utility should have removed.
Under the proposed settlement, PG&E would spend $85 million removing all or portions of 70 power lines that are no longer energized. The utility would not be able to recover those costs from customers, according to a filing Tuesday. PG&E would also pay $40 million to the state’s general fund.