SAN FRANCISCO, California (AP) — California power regulators on Thursday slapped Pacific Gas & Electric with a $2.1 billion fine for igniting a series of deadly wildfires that landed the beleaguered utility in bankruptcy.
The record penalty imposed in an administrative law judge’s decision boosts a previously agreed upon $1.7 billion settlement announced in December. Several consumer groups had protested the settlement as too lenient in light of PG&E’s destruction, and the California Public Utilities Commission agreed after further review.
PG&E officials said they were disappointed by the increased fine after “working diligently over many months with multiple parties” to reach the previous deal.
“We recognize our fundamental obligation is to operate our system safely and we share the same objectives as the Commission and other state leaders — namely in reducing the risk of future wildfires in our communities,” PG&E spokesman James Noonan said in a statement.
The harsher punishment includes a $200 million payment to California’s general fund.
The San Francisco company has already set up a $13.5 billion fund to help those who lost family members, homes and businesses in catastrophic wildfires caused by PG&E’s outdated electrical grid and negligence during 2017 and 2018. The fires killed nearly 130 people and destroyed almost 28,000 homes and other buildings.
More than 81,000 claims have been filed in the bankruptcy case.