Sept. 13 (UPI) -- PG&E reached an $11 billion settlement with insurance companies for the wildfires in California in 2017 and 2018, the utility announced Friday.
The settlement is nearly half the $20 billion the insurance companies were seeking after PG&E's power infrastructure was found to be the cause of many of the deadly wildfires that destroyed hundreds of homes and killed more than 80 people. It is subject to court approval.