Government,
Environmental & Energy,
Corporate
Nov. 2, 2021
PG&E could recoup $150M in losses from Zogg Fire from state fund
Under a law passed in 2019, the utility could recoup annual losses above $1 billion from a state fund, provided it meets other conditions. The company said Monday it expects $1.15 billion in losses from the fire.
Representatives of Pacific Gas & Electric Co. said in a regulatory filing on Monday the company expects a $1.15 billion loss due to the Dixie wildfire. Under a law passed in 2019, the utility could recoup annual losses above $1 billion from a state fund, provided it meets other conditions.
Investigators, including an arborist employed by the utility, have said the Dixie Fire started when a rotten tree fell on a PG&E power line in J...
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