Feds to bill fire victims if utility doesn’t pay $4B: report

Federal officials are prepared to bill wildfire victims for a portion of the nearly $4 billion the government says it’s owed by Pacific Gas & Electric Co., if the debt isn’t resolved as part of the utility’s bankruptcy case, according to a newspaper report Sunday.

California crisis of fires, blackouts decades in the making, experts say

The utility that serves more than 5 million electrical customers in one of the world’s most technologically advanced areas is now faced again and again with a no-win decision: risk starting catastrophic deadly wildfires, or turn off the lights and immiserate millions of paying customers.

PG&E anticipates more than $6B in wildfire costs

Pacific Gas & Electric reported substantial losses for the third quarter on Thursday, driven by catastrophic wildfires that have been blamed on the utility’s outdated transmission lines. The company anticipates those costs could escalate to as much as $6.3 billion.