PG&E Agrees To $11 Billion Settlement Over California Wildfires

PG&E has reached a settlement to cover 85% of insurance claims from major wildfires in 2017 and 2018. The settlement is a step towards addressing the impact on affected communities, though it is only half of what insurers initially sought. This follows a previous $1 billion settlement with California entities. PG&E, which filed for Chapter 11, has proposed a reorganization plan including $18 billion for wildfire victims and others.

What percentage of the claims paid by insurance companies does the PG&E settlement cover?

• 85%

• 75%

• 100%

• 50%

What did PG&E's CEO say about the settlement?

• It will not be approved by the court.

• It is the final settlement for all claims.

• It is a step towards doing right by the affected communities.

• It is unnecessary and unfair.

How many fires is PG&E accused of starting in California?

• More than twenty

• Exactly ten

• Less than five

• Over a dozen

How much did PG&E agree to pay to settle claims with California cities and other government entities?

• $500 million

• $750 million

• $1 billion

• $2 billion

What is included in PG&E's proposed reorganization plan?

• Closure of several power plants

• A reduction in electricity rates

• Expansion of services to new areas

• Compensation for wildfire victims, insurance companies, and local governments