SAN FRANCISCO, Calif. (KERO) — The California Public Utilities Commission (CPUC) approved $125 million in penalties against PG&E for violations related to the Kincade Fire in 2019.
Under the settlement, PG&E shareholders will pay $40 million to California's General Fund and incur a $85 million disallowance for the removal of abandoned transmission facilities, according to CPUC.
The Kincade Fire started in October 2019 within PG&E’s service territory and burned more than 77,000 acres and destroyed nearly 374 structures.