Wednesday, 26 Jun 2024

PG&E sees cost to comply with judge's wildfire plan at $75 billion-$150 billion

SAN FRANCISCO (Reuters) – California power company PG&E Corp, which expects to soon file for bankruptcy, said on Wednesday it would cost between $75 billion and $150 billion to fully comply with a judge’s order to inspect its power grid and remove or trim trees that could fall into power lines and trigger wildfires.

PG&E in a filing in U.S. District Court in San Francisco said it could not on its own afford the work proposed in a Jan. 9 order by U.S. District Judge William Alsup, who is overseeing conditions of the company’s probation following a 2010 gas pipeline explosion. To pay for the proposed work, PG&E said it would have to pass the bill to ratepayers who get their power from the company’s nearly 100,000 miles of overhead lines in northern California.

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