PG&E Pledges $18 Billion to Cut Wildfire Risk in California
- Utility giant says it already has cut fire risk more than 90%
- Infrastructure has sparked deadly and destructive wildfires
PG&E, whose lines were blamed for California’s fiercest blazes for two years in a row, said it has reduced its wildfire risk by more than 90%.
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PG&E Corp. plans to invest $18 billion in wildfire prevention through 2025 following back-to-back seasons of devastating blazes linked to the utility’s network of wires and other equipment.
PG&E will bury more than 2,000 miles (3,200 kilometers) of wires, install stronger utility poles, trim trees and repair equipment, it said in a statement on Monday.