PG&E seeks US court approval for US$105 million fund to help wildfire victims

SAN FRANCISCO: PG&E Corp on Wednesday sought court approval for a US$105 million fund to help house victims of the wildfires blamed on the bankrupt California power provider.

The department said in a report on Wednesday the Camp Fire displaced 83 percent of Paradise's population, contributing to an increase of more than 19,000 people in the population of nearby Chico, which marked the largest numeric population change of any California city last year. The investor-owned power provider filed for Chapter 11 bankruptcy protection in January in anticipation of potentially billions of dollars in liabilities stemming from wildfires in California linked to or suspected to be linked to its equipment.San Francisco-based PG&E in its filing said it believes it is probable that authorities will find its equipment sparked November's Camp Fire, California's most destructive and deadliest fire of modern times.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US Supreme Court seeks Trump administration views on Google-Oracle copyright feudThe U.S. Supreme Court on Monday asked the Trump administration to offer its views on whether it should hear Google's bid to end Oracle Corp's ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan court grants US$4.5 million bail to Carlos GhosnA Tokyo court on Thursday approved a bail request from ousted Nissan Motor Co Chairman Carlos Ghosn, setting his bail at 500 million yen (US$4.5 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »