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PG&E accepted Cal Fire’s findings in January 2022 that their equipment was responsible for the fire. However, they have maintained that they did not knowingly ignore risks. This acknowledgment came in a statement to the Bay Area News Group on Tuesday.
The CPUC’s proposed penalty is in line with its November 2020 Enforcement Policy. It directs PG&E to pay $2.5 million to the California General Fund, $2.5 million to affected tribes, and allocate $40 million for digitizing records. This penalty follows previous fines imposed on PG&E for the Zogg, Easy, and Kincade Fires.
In addition to facing penalties from the CPUC, PG&E is also dealing with a class-action lawsuit initiated by Northern California residents impacted by the Dixie Fire. The suit has been filed in San Francisco Superior Court.
Despite these ongoing legal issues, PG&E’s shares experienced a slight increase in Monday’s trading session.
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