A California utility agreed Tuesday to pay $1 billion to 14 local governments to cover damages from a series of deadly wildfires caused by its downed power lines.
The settlement is a sliver of the more than $30 billion in potential damages Pacific Gas & Electric is facing in lawsuits filed by local governments, insurance companies and private property owners.
More than half of the $1 billion in the agreement would go to four governments impacted by a 2018 fire that killed 85 people and destroyed nearly 14,000 homes in Northern California.
How the money would be distributed:
2015 FIRE IN CALAVARES COUNTY
2018 FIRE IN NORTHERN CALIFORNIA
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