PG&E and Local Public Entities Resolve 2015, 2017 and 2018 Wildfire Claims
19 Juni 2019 - 03:00PM
Business Wire
Pacific Gas and Electric Company (PG&E) has reached
agreements to resolve the wildfire claims held by 18 local public
entities (cities, counties, districts and public agencies) impacted
by the 2015 Butte Fire, 2017 Northern California wildfires and 2018
Camp Fire. Under the agreements, $1 billion in payments will be
made as part of a Chapter 11 Plan of Reorganization to be filed in
PG&E’s pending Chapter 11 case (POR).
“We remain focused on supporting our customers and the
communities impacted by wildfires and helping them recover and
rebuild. This is an important first step toward an orderly, fair
and expeditious resolution of wildfire claims and a demonstration
of our willingness to work collaboratively with stakeholders to
achieve mutual acceptable resolutions. We hope to continue making
progress with other stakeholders,” said PG&E Corporation
President and CEO Bill Johnson.
The payment of the settlement funds is subject to Bankruptcy
Court confirmation of, and the occurrence of the effective date
under, the POR, which will provide for the payment of the
settlement funds to the local government agencies in full
settlement and satisfaction of their wildfire claims. While the
filing date of the POR with the Bankruptcy Court remains uncertain,
PG&E intends to complete the Chapter 11 process as
expeditiously as possible.
JAMS Mediator Judge Jay Gandhi (Ret.) presided over several days
of in-person mediation sessions held in San Francisco that resulted
in the settlement.
During the Chapter 11 process PG&E remains fully committed
to enhancing its wildfire safety efforts, as well as helping to
restore and rebuild communities impacted by the wildfires. The
company is also committed to continuing to deliver safe and
reliable natural gas and electric service to its customers every
day.
The agreements with the public entities reflect a consensual
resolution of their claims against PG&E for damages related to
the wildfires. A list of the public entities is below.
Public Entities
The following entities comprise the 2015 Butte Fire
Public Entity Plaintiffs: Calaveras County Water District, a
special district organized under the laws of the State of
California.
The following entities comprise the 2017 North Bay
Public Entity Plaintiffs: (a) The City of Clearlake, a
California municipal corporation duly organized and existing by
virtue of the laws of the State of California; (b) the City of
Napa, a California municipal corporation duly organized and
existing by virtue of the laws of the State of California;
(c) the City of Santa Rosa, a California municipal corporation
duly organized and existing by virtue of the laws of the State of
California; (d) Lake County, a California municipal
corporation duly organized and existing by virtue of the laws of
the State of California; (e) Lake County Sanitation District,
a sanitary district organized under the laws of the State of
California; (f) Mendocino County, a general law California
county and political subdivision of the State of California, duly
organized and existing by virtue of the laws of the State of
California; (g) Napa County, a general law California county
and political subdivision of the State of California, duly
organized and existing by virtue of the laws of the State of
California; (h) Nevada County, a California municipal
corporation duly organized and existing by virtue of the laws of
the State of California; (i) Sonoma County, a general law
California county and political subdivision of the State of
California, duly organized and existing by virtue of the laws of
the State of California; (j) Sonoma County Agricultural
Preservation and Open Space District, a public agency formed
pursuant to the Public Resources code sections 5500, et seq.;
(k) Sonoma County Community Development Commission, a public
and corporate entity pursuant to Section 34110 of the California
Health & Safety Code; (l) Sonoma County Water Agency, a
public agency of the State of California; (m) Sonoma Valley
County Sanitation District, a sanitary district organized under the
laws of the State of California; and (n) Yuba County, a
California municipal corporation duly organized and existing by
virtue of the laws of the State of California.
The following entities comprise the 2018 Camp Fire Public
Entity Plaintiffs: (a) The Town of Paradise, a municipal
corporation, duly organized and existing by virtue of the laws of
the State of California; (b) Butte County, a political subdivision
of the State of California, duly organized and existing by virtue
of the laws of the State of California; (c) Paradise Park and
Recreation District, a special district organized under the laws of
the State of California; and (d) Yuba County, a political
subdivision duly organized and existing by virtue of the laws of
the State of California.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E
Corporation (NYSE:PCG), is one of the largest combined natural gas
and electric energy companies in the United States. Based in San
Francisco, with more than 23,000 employees, the company delivers
some of the nation’s cleanest energy to nearly 16 million people in
Northern and Central California. For more information, visit
www.pge.com/ and pge.com/news.
Cautionary Statement Concerning Forward-Looking
Statements
This news release includes forward-looking statements that are
not historical facts, including statements about the beliefs,
expectations, estimates, future plans and strategies of PG&E
Corporation and Pacific Gas and Electric Company. These statements
are based on current expectations and assumptions, which management
believes are reasonable, and on information currently available to
management, but are necessarily subject to various risks and
uncertainties. In addition to the risk that these assumptions prove
to be inaccurate, factors that could cause actual results to differ
materially from those contemplated by the forward-looking
statements include the factors disclosed in PG&E Corporation
and Pacific Gas and Electric Company’s annual report on Form 10-K
for the year ended December 31, 2018, their most recent quarterly
report on Form 10-Q for the quarter ended March 31, 2019, and their
subsequent reports filed with the Securities and Exchange
Commission. Additional factors include, but are not limited to,
those associated with PG&E Corporation’s and Pacific Gas and
Electric Company’s Chapter 11 cases. PG&E Corporation and
Pacific Gas and Electric Company undertake no obligation to
publicly update or revise any forward-looking statements, whether
due to new information, future events or otherwise, except to the
extent required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190619005155/en/
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