PG&E to pay $55 million over old power lines sparking two major California wildfires

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PG&E to pay $55 million over old power lines sparking two major California wildfires
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The agreement enables the nation's largest utility to escape criminal prosecution for the mammoth blazes.

— Pacific Gas & Electric, the nation's largest utility, has agreed to pay more than $55 million to avoid criminal prosecution for two major wildfires sparked by its aging Northern California power lines and to submit to five years of oversight in an attempt to prevent more deadly blazes.

Sonoma County District Attorney Jill Ravitch said the oversight was the biggest accomplishment to come from the settlement. In a joint statement covering five of the six counties that settled, prosecutors said PG&E will be"essentially on a five-year probation" to be overseen by Filsinger Energy Partners, which already acts as a safety monitor for California power regulators.Allison Dinner / Getty Images

Prosecutors in the other five counties were exploring criminal charges in last year's Dixie Fire before cutting the deal that they said will result in far larger payouts than if they'd hauled PG&E into court. Because there were no deaths in the Dixie Fire, prosecutors said the utility would have paid a maximum penalty of about $330,000 if it had been found guilty in a criminal case.

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