PG&E, FEMA reach settlement
Federal agency could receive up to $1 billion in compensation for disaster assistance
PG&E and the Federal Emergency Management Agency have reached an agreement with the Official Committee of Tort Claimants in the utility company’s bankruptcy proceedings, according to a media advisory from FEMA.
The agency, which is providing temporary housing for Camp Fire survivors in Butte County, may receive up to $1 billion in compensation for disaster assistance it provided in response to the Camp Fire, as well as 2017 Northern California wildfires and the 2015 Butte Fire. The payout will come only after fire survivors have resolved their individual claims against the $13.5 billion Fire Victims Trust, the advisory says. The agreement is subject to approval by the U.S. Department of Justice.