PG&E to Pay $45 Million for Second-Largest California Fire (1)

PG&E Corp. will pay a $45 million penalty for its role in starting the second-largest wildfire in California history under a settlement proposal issued by state regulators.

The California utility giant agreed to the shareholder-funded penalty proposed by the California Public Utility Commission’s safety division, according to a filing Monday. The regulatory agency will vote on the proposal at its November 16 meeting, a statement said.

The Dixie Fire started on July 13, 2021, after a pine tree fell on PG&E’s power lines, charring more than 960,000 acres of land and destroying 1,300 structures. It took PG&E workers several hours ...