PG&E Says Company’s Equipment “Probably” Started Camp Fire
Last year’s Camp Fire was the deadliest in California’s history, killing 86 people.
The fire scorched more than 150,000 acres in Butte County and destroyed 18,804 buildings. On February 28, 2018,PG&E released a statement regarding the cause of the deadly Camp Fire. The company’s investigation concluded that the utility company’s equipment likely sparked the fire.
PG&E declared $11.5 billion in charges, due to wildfire losses and damages over the past two years, and recently filed for bankruptcy protection. The utility company reported $1.6 billion in profits for fiscal year 2017. Last year, was a different story. The utility reported a whopping $6.9 billion in losses for 2018 due to the catastrophic Camp Fire.
What Started Camp Fire in California?
PG&E’s official statement explained that the ignition point of the fire was likely caused by its equipment. However, the utility also stated that the cause of the fire is still under investigation. A spokeswoman for PG&E had declined to comment further.
The CEO for PG&E, John Simon, emphasized that more must be done to protect the safety of customers. Extreme weather conditions in California have increased the risk of wildfires in recent years. Safety, timely maintenance of equipment and providing consistent power supply to Californians will be the company’s chief mission moving forward.
The company is paying the price for California’s wildfires. From the Atlas and Cascade fires in 2017, PG&E was charged $1 billion. In the second quarter of 2018, the utility company accumulated another $2.5 billion in charges. The Camp Fire added another $14 billion in overall negative financial impact to PG&E. When all is tolled, the utility company could face $30 billion in charges due to its liability for the state’s wildfires.
Is PG&E Responsible for the Camp Fire?
PG&E, in its most recent statement, has stated that equipment issues “probably” caused the Camp Fire. However, the company has stopped short of accepting full responsibility for the deadly fire, noting that their investigation into the cause of the fire is ongoing.
If you or a loved one were injured, lost a home or business due to the Camp Fire, you may be able to file a claim against PG&E. Contact Nadrich & Cohen today to learn more about your legal options. Our legal teams are actively pursuing claims on behalf of Camp Fire victims and their families.
Call us today at 1-800-718-4658 for a free and confidential case evaluation.