A federal judge has approved the $58 billion bankruptcy plan proposed by Pacific Gas & Electric. The California utility company was forced into bankruptcy proceedings after their faulty and outdated equipment ignited major wildfires in 2017 and 2018, leading to the deaths of more than 100 people and the destruction of entire towns.
The decision allows a $25.5 billion wildfire lawsuit settlement agreement to proceed. The settlement includes $13.5 billion for the more than 80,000 people who lost family members, homes, and other property as a result of the wildfires.
For more, read Associated Press coverage details on The Washington Post website.