PG&E Fire Victims Fight FEMA Over Multibillion-Dollar Payout

(Bloomberg) — Victims of wildfires blamed on PG&E Corp.’s power lines and government agencies that provided them disaster relief are tussling over a payout from the bankrupt utility.PG&E reached a settlement with fire victims to pay a total of $13.5 billion for damages tied to catastrophic blazes. California’s emergency services office and the Federal Emergency Management Agency, known as FEMA, want more than $6 billion — payouts that victims’ attorneys said Thursday would leave less money for those directly affected by the fires.Every dollar that FEMA and California’s agency receive “is one less dollar available to pay victims,” a committee …read more

Source:: Yahoo Finance

Get our FREE Newsletter! Discover Stocks with +1,000% Upside Potential!
Join over 100,000 investors and business leaders worldwide. Discover the Next Super Stock before the rest of the crowd.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.