SAN FRANCISCO—Pacific Gas & Electric has agreed to pay more than $55 million to avoid criminal prosecution for two major wildfires started by aging Northern California power lines belonging to the nation’s largest utility, prosecutors announced Monday.
Pacific Gas & Electric (PG&E) does not admit wrongdoing in the two settlements reached with prosecutors for last year’s Dixie Fire—one of the biggest wildfires in California’s history—and the 2019 Kincade Fire in Sonoma County. The deals expedite damage payments to the hundreds of people whose homes were destroyed.
