Judge to Approve $58 Billion Plan to End PG&E Bankruptcy After Wildfires, Pay $25.5 Billion for Losses

A federal judge on Friday said he was approving a $58 billion plan by the nation’s largest utility to end a contentious bankruptcy saga that began after Pacific Gas & Electric’s outdated equipment ignited wildfires in California that killed more than 100 people, wiped out entire towns and led the company to confess to crimes driven by its greed and neglect.

The decision by U.S. Bankruptcy Judge Dennis Montali clears the way for PG&E to pay $25.5 billion for losses from devastating fires in 2017 and 2018. The judge said he will sign the formal order confirming PG&E’s plan late Friday or Saturday after the company’s lawyers make a few minor revisions worked out during a two-hour hearing.

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Report: Years of Bad Land Management Led to One of California’s Most Devastating Wildfires

by Jason Hopkins   An in-depth investigation found that federal, state and local governments were aware of California’s vulnerability to wildfires, but failed to take the necessary steps to prevent its devastation. California residents have recently been forced to deal with some of the worst wildfires in the state’s history.…

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Insurance Claims at $9 Billion From California Wildfires

Insurance claims from last month’s California wildfires already are at $9 billion and expected to increase, the state’s insurance commissioner announced Wednesday. About $7 billion in claims are from the Camp Fire that destroyed the Northern California city of Paradise and killed at least 86 people, making it the deadliest…

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The LA Times Inadvertently Admits Trump Is Right About What’s Causing California’s Massive Wildfires

wildfire

by Tim Pierce   Adopting more active forest management policies such as increased thinning of trees and conducting controlled burns will help mitigate damage from future wildfires, the Los Angeles Times editorial board writes. Interior Secretary Ryan Zinke began advocating similar policy prescriptions earlier in 2018 after President Donald Trump…

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‘This Is Not Science:’ Scientist Rips Into The Latest Attempt To Blame Wildfires On Global Warming

Cliff Mass

by Michael Bastasch    – The Associated Press claims that “science says” global warming increases the area of western U.S. land scorched by wildfires every year.  – Climate scientist Cliff Mass noted AP’s simple correlation is not “science” and misses other key drivers of fires.  – It’s similar to another report…

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