Story perspectives

PG&E Settles $100M Over Wildfire Safety Misrepresentations

1/12/2026

Summary

Story summary

Pacific Gas and Electric Company (PG&E) reached a $100 million settlement with shareholders over misrepresentations about wildfire safety protocols before the 2017 and 2018 North Bay fires and Camp Fire.
The settlement was filed in U.S. District Court in San Jose and requires judicial approval.
Shareholders claim PG&E concealed defective safety practices linked to the fires, causing fatalities and property damage.
PG&E denies wrongdoing.
Customers will not bear settlement costs.

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Story summary

Pacific Gas and Electric Company (PG&E) reached a $100 million settlement with shareholders over misrepresentations about wildfire safety protocols before the 2017 and 2018 North Bay fires and Camp Fire.
The settlement was filed in U.S. District Court in San Jose and requires judicial approval.
Shareholders claim PG&E concealed defective safety practices linked to the fires, causing fatalities and property damage.
PG&E denies wrongdoing.
Customers will not bear settlement costs.