PG&E hit with record-setting $1.9 billion penalty over fatal wildfires

PG&E was slapped with a nearly $2 billion penalty on Thursday for its role in causing several fatal Northern California infernos in 2017 and 2018, the largest financial punishment ever imposed on an American utility.

PG&E hit with record-setting $1.9 billion penalty over fatal wildfires
PG&E was slapped with a nearly $2 billion penalty on Thursday for its role in causing several fatal Northern California infernos in 2017 and 2018, the largest financial punishment ever imposed on an American utility. The state Public Utilities Commission on Thursday voted unanimously to impose a $1.97 billion penalty on the disgraced utility, a huge figure that exceeds the $1.6 billion fine that the PUC imposed — also on PG&E — for causing a fatal explosion in San Bruno. “This is a record-setting penalty of $1.937 billion,” said PUC Commissioner Clifford Rechtschaffen, who crafted the proposal to penalize PG&E, which the PUC approved by a 5-0 vote on Thursday. “The scope of the devastation caused by PG&E’s misconduct demands this record penalty.”