California court clears PG&E of liability in 2015 fire

Utility Dive: PG&E and its parent company, PG&E Corp., announced in June they expect to pay at least $2.5 billion for the damage of 10 wildfires from 2017.

Last week's opinion is nevertheless a win, allowing the investor-owned utility to avoid punitive damages for a major 2015 fire. By affirming that malice could not be established in PG&E's risk management controls and fire mitigation efforts, the ruling could provide a legal precedent to support the utility regarding its potential liability for other wildfires, a Citi analyst told financial news publisher, The Fly.

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