(Bloomberg) — PG&E Corp. reached a deal with the U.S. Federal Emergency Management Agency over $3.9 billion in relief Washington provided after the utility’s power lines sparked devastating wildfires.The settlement, which requires court approval, calls for FEMA to reduce its claim to $1 billion and allow victims of wildfires blamed on PG&E equipment to be paid in full first, lawyers for the two sides said outside a bankruptcy hearing Tuesday in San Francisco.The California Governor’s Office of Emergency Services has agreed to withdraw its claims. Details of the agreement will be filed with the court in the coming days, lawyers …read more
Source:: Yahoo Finance
