PG&E Offers Billions To Wildfire Victims In Bankruptcy Plan

PG&E has proposed a reorganization plan to emerge from bankruptcy and settle claims related to wildfire damages. The plan includes $18 billion in compensation for victims, insurance companies, and local governments. It aims to pay off debts and maintain power contracts while meeting California's clean energy goals. However, some lawyers representing wildfire victims criticize the plan as unsatisfactory. If PG&E resolves its bankruptcy by June 2020, it can join a state wildfire fund to cover future liabilities.

What is the total compensation amount proposed by PG&E in its reorganization plan?

• $15 billion

• $20 billion

• $10 billion

• $18 billion

What is one of the commitments PG&E aims to fulfill under its reorganization plan?

• Expanding into new markets

• Fulfilling existing power contracts

• Reducing electricity prices

• Building new power plants

How did some lawyers representing wildfire victims react to PG&E's proposal?

• They had no opinion

• They considered it unsatisfactory and unfair

• They thought it was better than expected

• They found it satisfactory

What is the deadline for PG&E to resolve its bankruptcy to participate in the new state wildfire fund?

• March 2020

• June 2020

• September 2020

• December 2020

What is the purpose of the new state wildfire fund?

• To cover liabilities related to future wildfires

• To reduce electricity costs

• To support local businesses

• To invest in renewable energy