Fire Victims See PG&E Settlement Fund Destroyed by Blaze (1)

The largest wildfire in California is not only burning homes and forcing thousands to evacuate. It’s also destroying the value of a trust fund set up to compensate victims of past wildfires started by PG&E Corp.

Fire victims own nearly 25% of PG&E’s stock, which has lost about 8% of its value since the California utility giant said on July 18 it may have started the Dixie Fire that’s currently blazing in northern California. It’s the 14th largest in the state’s history, having charred more than 200,000 acres and burned 38 structures. It is 23% contained.

Victims of past ...