PCG PG&E Corporation

By WSJ City 

California investigators found that PG&E's equipment sparked the deadliest wildfire in state history, putting additional pressure on a company already facing billions of dollars in fire-related liability costs.

KEY FACTS

   -- Investigators found a PG&E electric-transmission line near the town of 
      Pulga, ignited last year's Camp Fire. 
 
   -- The fire spread quickly across dry vegetation, killing 85 people and 
      destroying the town of Paradise. 
 
   -- A second point of ignition was also found where vegetation blew into the 
      company's electric-distribution lines. 
 
   -- This started another fire that was consumed by the first one. 
 
   -- PG&E could face billions of dollars in liability costs. 
 
   -- It said earlier this year that its equipment was probably the cause of 
      the Camp Fire. 
 
   -- Investigators previously found the company's equipment contributed to 18 
      blazes that killed 22 people in 2017. 

Why This Matters

PG&E sought bankruptcy protection in January in anticipation of more than $30bn in potential liability costs. It is now working to overhaul its safety practices by accelerating inspections of transmission and distribution equipment and building out a network of weather stations and cameras to monitor wildfire risk.

A fuller story is available on WSJ.com

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(END) Dow Jones Newswires

May 16, 2019 06:45 ET (10:45 GMT)

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