Turns out were still getting soaked while the lawyers, insurance companies, cities and counties, Hedge Funds and Trust fund managers were and continue to be paid in full. "I have heard from constituents across our community who are deeply, deeply concerned that they will face a tax burden upon receiving a payout from PG&E," Thompson said in a news release. Newsom correct the inequities in the PGE wildfire victims' settlement awards that are being adjudicated by the PGE Fire Victim Trust and fully compensate the victims of the 2015, 2017 and 2018 Northern California wildfires as required by California's "inverse condemnation" law which says "if you broke it, you fix it" (which applies to public utilities) and, more importantly, by doing what's morally right. Read the responses here. Assembly Bill No. These preliminary payments, which have totaled $79 million to date, will continue to be made on an ongoing basis. These individual victims should not be left to fend for themselves in a creditor class outnumbered by sophisticated and deep-pocketed financial institutions and insurance companies.. PG&E wildfire victims will soon be able to get a larger share of what is owed to them, thanks to a recent influx of $1 billion into the victim compensation trust fund, according to trust officials. The PGE Trust Oversight Committee is comprised of nine attorneys. (2019, July 12). All rights reserved. Californian utility PG&E (PCG.N) last year earmarked around $6.8 billion of its equity for people who had experienced losses from wildfires it helped to cause. He said the fire victims had to push to get tax relief on the stock sale last year. A total of 71,394 Fire Victims filed claims by the February 26, 2021, deadline. However, that tweaks failure to reduce the need of central bank intervention has left the BOJ with little appetite for more compromises. Trust announced the sale of 60 million shares of PG&E stock, resolution of the 10th But its enterprise value of $60 billion is under 8 times estimated EBITDA over the next 12 months, whereas peers trade over 11 times, according to Refinitiv. Newsom arbitrarily approved their safety rating while they continue to start fires and the California Public Utilities Commission (CPUC), also appointed by Gov. Again, the majority of wildfire victims had been waiting 3 to 6 years (in our case 3 years) and his words fair settlement in a reasonable amount of time washed over us like a long-awaited shower after being stranded in the wildfire jungle for years. Less than 1% of all claims have been appealed. Fire Survivors Suffer and Wait. Legal claims arising out of the 2017 North Bay Fires and the 2018 Camp Fire will now proceed to resolution through the bankruptcy court rather than the civil courts. According to claims data as of September 30th from the Fire Victim Trust, nearly half of the close to 70-thousand claimants are still waiting to receive a 45% partial payment from the trust. It appears there are no age or competency requirements for retirement in the U.S. Bankruptcy Court system. The lawsuits were subsequently coordinated into a single mass tort proceeding in San Francisco County Superior Court (JCCP No. Trotter also said that the trust is hoping to maximize their assets by getting a loan from the state of California or from some other instrument that will allow the trust to complete and increase their prorated statements without having to sell more shares in a down market. ), Trustee of the Fire Victims Trust, announced in a letter to fire victims Tuesday that he will be retiring effective June 30. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. He noted that the bankruptcy court created two pots of money, one for the insurance companies and another for fire victims, including federal and state agency claimants. March 12, 2021, San Francisco On Monday, March 15, the Fire Victim Trust (FVT) will begin distributing the first round of pro rata payments toward satisfying the claims of He said their first task was to design a system that allowed 70,000 fire victims to make claims, which he said took time to create and make it capable of receiving and reviewing more than 250,000 unique claims. Since then Trotter said they have received more than 19,000 personal injury claims and more than 400 death claims. https://www.cityandstatefl.com/podcast/2022/12/episode-21-how-will-changes-floridas-insurance-laws-affect-homeowners/381003/, This group provided valuable information and support for those who lost their homes in the Fourmile Fire two years ago and they have worked in many other communities that have suffered property damaging disasters. John K. Trotter (ret.) (2022, May 25). "I think scheduling for committee time, floor time," said LaMalfa. They were just asking legitimate questions on behalf of their constituents. With another 2022 California State budget surplus of $97 billion dollars, please propose allocating $1.5 to $3.5 billion to fully compensate the the wildfire losses of 68,870 wildfire victim families (250,000 citizens/voters) of Northern California. He said that they ended up hiring 500 people along with a processing firm BrownGreer that was in charge of receiving, reviewing, and valuing the claims. Today @GavinNewsom announced Nancy Ward as the next Director of Cal OES. After receiving sufficient information for all claims, the Trust issues a Determination Notice that includes an aggregate award for all of the claims. As of March 15, PG&E had paid out $3.04 billion in preliminary and pro-rata payments and awarded another $7.04 billion in determination notices. Apparently, no one can stop Trustee Trotter from selling victims shares at a loss. Primarily, those debts and liabilities relate to wildfire claims. California established a $21 billion wildfire safety net for state utilities that PG&E can tap if it has over $1 billion of fire claims in a year. Prior to this months sales, the FVT had sold 230 million shares across five sales Jan 31, 2022 (40 MM shares); April 14 (60 MM shares); Oct 4 (35 MM shares); Oct 27 (35 MM shares); Dec 12 (60 MM shares). The new payout, effective Feb. 15, will allow victims to gain 45% of claim value, instead of the current 30%. Trust announced the sale of 60 million shares of PG&E stock, resolution of the 10th PG&E is in the process of paying $13.5 billion to survivors of the deadly Butte, North Bay, and Camp fires; legislation will protect these funds from federal taxes. (2020, December 19). Retrieved June 5, 2022, from https://www.capradio.org/articles/2021/05/17/a-cascade-of-outrage-follows-investigation-into-pge-fire-victim-trust-expenses/, (5) California Legislative Information. KQED. The Trust issues Determination Notices daily and issues payments twice a month. We will continue to move diligently on behalf of the fire victims to attain the highest level of compensation permitted under the Bankruptcy Court orders and the governing Trust documents., Copyright 2023 NBCUniversal Media, LLC. Here's a low/no cost preparedness step that's easy on your budget and time #readyoakland #energysavingtip , Insurance bailout fund crippled by lawsuits, claims as Louisiana policyholders wait for relief https://www.nola.com/news/insurance-bailout-fund-crippled-by-lawsuits-claims-as-louisiana-policyholders-wait-for-relief/article_1bd8be08-7d79-11ed-a34d-a3d14a027624.html?utm_medium=social&utm_source=twitter&utm_campaign=user-share via @nolanews, After more than a decade serving as Director of @Cal_OES I am super excited to hand over leadership to an exceptional emergency manager, leader & public safety professional. Attorneys will begin working with the administrator of the trust to fairly allocate the funds amongst the individual wildfire claimants according to the facts of each case and the unique damages sustained. The trust owns about 24% of the companys shares, worth around $4 billion. The fund had been criticized by fire victims, who complained about slow processing times and administrative costs taken out of the settlement. There are eight categories of claims types. It certainly appears that the lawyers, either working for the Trust or victims, were and are being paid well and in full for their services. The trust, which he took over two years ago, was funded with $13.5 billion, half in cash and half in the PG&E common stock. California Senator Dianne Feinstein introduced companion legislation in the Senate. The FVT was created in July 2020 and funded with both cash and shares of stock pursuant to PG&Es Chapter 11 Plan of Reorganization. opt-out claim, and issuance 90% of all Determination Notices. Rather, each wildfire claimant (or unsecured creditor) must file a separate claim in the bankruptcy court to safeguard their right to compensation. PGE's bankruptcy workout plan to pay for victims' losses from the 2015, 2017 and 2018 Northern California wildfires was approved by California Gov. An unidentified spokesman for the Fire Victim Trust told KQED the fund has now increased its payments to families, putting $195.2 million into the hands of those who lost loved ones, homes and businesses to fires caused by PG&E. The trust has paid out $1.88 billion to date to more than 35,000 victims, and the new influx will allow that payment to swell to about $2.5 billion. and the Claims Administrator Cathy Yanni, the Fire Victim Trust provides an efficient and equitable process to compensate Fire Victims for both economic and non-economic damages caused by these fires, including destruction or damage to real estate and personal property, additional living expenses, lost wages, business losses, emotional distress, personal injury and death. Michael Internicola and his family lost everything in the 2017 Tubbs Fire. That voicemail was widely criticized by local politicians and inspired another letter from the board. If you have a claim for fire-related damages, you are considered an unsecured creditor of PG&E for purposes of the bankruptcy process. By our calculations, our attorneys for our PG&E Fire Victim Trust settlement were fairly compensated for the time they spent on our claims processing with the Trust. While the TCC acts in the collective interest of all tort claimants, the committee does not represent any individual homeowners, renters, businesses, or other wildfire victims in their damage claims against PG&E. Governor, we are one of 68,870 families and businesses (250,000 Californians) waiting for full relief for our PGE-caused losses. (2022, May 6). All local city and county governments, large financial Hedge Funds that were investors in PGE, PGE and its attorneys, and the victims lawyers are and have been paid in full and quickly from the PGE bankruptcy $55 billion dollar settlement. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. In addition to ensuring survivors would not be taxed on trust payments, the new law includes a provision exempting attorneys' fees from taxation to ensure that recipients of PG&E funds do not pay taxes on lawyers they did not hire. On September 29th, Governor Gavin Newsom signed a bill which will make PG &E wildfire victims' settlement payments state tax-free, but as of right now fire victims must still So, if you receive $100,000 and give 25% to your attorney, you are still taxed on the full $100,000. (16) Nonetheless, over 35% of wildfire victims are still waiting years later for their settlements and the vast majority have asked for reconsiderations, challenging the Trusts settlements as unfair and their claims as woefully under paid. Sound rich to you? Today, the Fire Victim Trust holds almost a quarter of PG&E shares. I think that is a positive for the trust and the fire victims, Crowder said on Wednesday afternoon. PG&E Bankruptcy Yields $700 Million Fee Bonanza. The trust has also dealt with 100 emotional distress claims along with more than 20,000 loss of income claims and 38,000 real and personal property claims, which include the value of loss of vegetation and the cost of tree replacement. Gov. - The company filed for bankruptcy in January 2019 following a series of wildfires in 2015, 2017 and 2018. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. PGE is Fine and Raising Electric Rates on Customers Again. Instead he chose to take a huge loss for us. At the time, before the vote of approval by the victims, several the victims lawyers concurred that it was a good deal and victims would be paid right away. You brought an important and unique perspective to the hearing, that of homeowners themselves., Whenever I felt confused about any topic I first looked it up in the yellow book. Give the people you love peace of mind by helping them be financially resilient and prepared.ThisGive Peace of Mind Gift Catalogis full of free tips to help spark important discussions and actions around disaster preparedness. If you're on the ABC7 News app, click here to watch live, Videos show parade of storms toppling trees across SF Bay Area, The warning signs your tree may fall during next storm, 18 killed in helicopter crash near Kyiv, Ukraine, including children. Victims of past fires share PG&Es risk, though, too. Closing this discount would more than double its $18 billion market capitalization. This increase was made possible by the Trusts recent sales of Pacific Gas & Electric stock. After any disputes over the value of claims are resolved, the appropriate amount will be designated for the compensation of wildfire claims and placed into a trust as part of PG&Es Chapter 11 reorganization plan (or, financial restructuring). The IRS letter echoed articles you have Please Fix the Biggest Victim Economy You Approved by providing equitable compensation to the 2015, 2017 and 2018 wildfire victims. As part of the bankruptcy proceedings, the U.S. San Francisco, CA Cathy Yanni, Trustee of the Fire Victim Trust (FVT), announced a pro rata payment increase from 45 percent to 60 percent effective January 31, Many, if not all the victims lawyers, surely wanted the clock to start as soon as possible. (9) The deal was forged by this cast of players, i.e., Judge Montali, the Hedge Fund managers, the PG&E and Victims attorneys, and other large creditors and received the stamp-of-approval by Gov. Please fix it. March 12, 2021, San Francisco On Monday, March 15, the Fire Victim Trust (FVT) will begin distributing the first round of pro rata payments toward satisfying the claims of individuals and families who suffered losses in the 2015 Butte Fire, 2017 North Bay Fires and 2018 Camp Fire. Under the direction of the Trustee, the Honorable John K. Trotter (Ret.) To the supervisors' points, it is clear that the excruciatingly slow processing of claims that we victims have suffered through for years demonstrates that the deal that Judge Montali helped craft and approve, and his long-term colleague and fellow octogenarian, Trustee Trotter, is overseeing, and which Gov. opt-out claim, and issuance 90% of all Determination Notices. PARADISE, Calif. - Victims from the Butte Fire, North Bay fires, and Camp Fire will receive an increased pro-rata payment from 30% to 45%. He said in his letter that the trust still owns 377 million shares of the utilitys stock. As of a week ago, the trustee had paid $4.05 billion to more than 46,000 victims. (2022, May 25). Our Standards: The Thomson Reuters Trust Principles. REUTERS/David Swanson. 52. Who may act as Legal Representative for a Minor Claimant, and what Many, many thanks., The disaster recovery resources you provided helped many individuals and families., Certificate of Appreciation in recognition of your outstanding contributions to the Third Supervisorial District and the County of San Diego., (United Policyholders) provided helpful insights into the state of the current insurance market for earthquake, fire and flood coverage, and the critical rile insurance plays in the ability of our communities recover from such catastrophic events. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Newsom put his imprimatur on this deal and soon thereafter gave PG&E a safety regulation pass so they could exit the bankruptcy process and continue to operate with business as usual, that is, with little ongoing responsibility for making major wildfire mitigation efforts to their electric service lines and a backstop of California tax payers funds to payoff their next victims at 100% of their losses. ABC7News. "They have these enormous legal costs and theres not much to show for it.. Hedge Funds Cash Out Billions in PG&E Stock. "We don't have enough to rebuild and we're just essentially stuck," Camp Fire Survivor David Breed recently told ABC7 News. I have tried to work cooperatively with the Trustee while pressing for payments to be expedited with greater transparency and accountability, he said in the statement to this newspaper. Happy New Year. Newsom and the California State Legislature enacted Senate Bill AB 1054 which provides full (100%) compensation for future wildfire victims after July 2019, but does not cover the 2015, 2017, and 2018 wildfire victims whose plight spawned the legislation and who are currently being paid about 60% of their bona fide claims losses and Trustee John Trotter is only paying 45% of the 60%. PGE Fire Victim Trust (Well-Paid) Bureaucracy, At the top of the fee food-chain heap is, of course, the Fire Victim Trust managers (i.e., the Trustee (John Trotter), the Manager (Cindy Yanni), and the Special Master (Ellen Sickle James) who are reported to earn make $125,000, $200,000 and $176,000 per month, respectively. Victims, however, have been waiting 4, 5 and 6 years for their compensation which, when it comes to the lucky few, is pennies on the dollar. We are in good hands! The victims stake has fallen in value to around $4 billion. As part of a settlement, the Fire Victim Trust received half of an expected $13.5 billion payout in stock and the rest in cash. (2), This petition also addresses the actions that embellished and continue to embellish these legal, financial, and government entities and politicians who benefited and continue to benefit from wildfire victims disaster recovery. Thank you @GavinNewsom for the appointment of #NancyWard. Contacts For Fire Victims and Attorneys, Throwback OCP&R Tip: storms can cause power outages. In November, Yanni told KQED she expected it would take two years to pay all victims with claims. Some fire survivors fear it will take much longer. The longer it takes, the higher the cost of overhead will be. After Getting Burned By Wall Street, California Fire Victims Fight To Reclaim Their Power. The initial pro rata payment will be 30% of the total approved and accepted claim amount. The legislation would exempt wildfire payouts from income taxes and would allow attorney fees and court costs to be deducted from taxes, right now they are not. Additional rounds of pro rata payments will follow until the fund is depleted. The TCC and its attorneys have a fiduciary duty to advocate for the interests of all fire and other tort claimants in the bankruptcy proceeding. In April 2002, he was named Managing Editor. When recently challenged by a letter from the Butte County Board of Supervisor's who presented legitimate questions about the pace and process of the Trust's claims processing, the thin-skinned Trustee refused to respond to the Supervisors and called them "you people" "politicians" with "uninformed, slanderous conclusions". Indie Pop Star Michelle Lambert Plays Market and Main in Martinez! He said the trust had begun to make partial payments to about 9,500 of the 67,170 victims. Santa Rosa Press Democrat. At that time, 476,995,175 shares of common stock were transferred to the Trust. California Governor's Office of Emergency Services, Christopher and Urmila - 2017 Tubbs Fire Victims, FEMA can help California communities recover under the Stafford Act, Home insurance availability, affordability AND quality is shrinking: States and the Feds must coordinate and take action to protect homeownership in the US. Each of these government and financial entities have benefited over the best interests of the wildfire victims, and Trust funds that were meant to go to wildfire victims have first gone to these groups and continue to go to these groups first, as well as to the managers and consultants of the PG&E Fire Victim Trust. In the aftermath of each fire, thousands of people sought refuge in their vehicles, emergency tent communities or FEMA camps. A. The court-ordered trust of over $13 billion was established for survivors of devastating Northern California wildfires including the 2015 Butte Fire, the 2017 North Bay San Francisco, CA Cathy Yanni, Trustee of the Fire Victim Trust (FVT), announced a pro rata payment increase from 45 percent to 60 percent effective January 31, 2023. Read Searchable Archives are available to subscribers, back through the year 2000. Why? Her office says it's currently in the Finance Committee. "This trust was set up to help people get back on their feet and recover after a destructive fire. Bill Cook, a retired U.S. foreign service officer, lost his Paradise home in the Camp Fire, which was the deadliest and most destructive fire in California history. The insurance trust received $11 billion in cash to satisfy its claim of having paid $16 billion to its insured and for maintaining an additional $4 [1/2]A PG&E tracks passes the line of the Dixie Fire near Taylorsville, California, August 10, 2021. Trustee appointed 11 fire victims to serve on an official committee of tort claimants. On January 11, 2023, the Trust announced a pro rata payment increase to 60% following additional stock sales. Well, when the Trusts oversight committee is a group of nine of the victims attorneys, who, as mentioned, promoted the PGE bankruptcy settlement and were eager to get their fees paid, why not turn a blind eye toward the excessive fees and salaries for the Trustee and his managers and consultants. 4955). Trotter, who has faced increased criticism in the last six months, including a letter from the Butte County Board of Supervisors asking for more transparency, said at the end of his letter to victims that the decision to resign before the end of July was an effort to keep a promise to his family that he would retire after just two years on the job. Retrieved June 5, 2022, from https://www.sfchronicle.com/bayarea/article/They-need-help-now-In-Gold-Country-PG-E-16407001.php, (12) Andrew Graham. Many more fire victims are struggling to do the same. iv. So, 85% of the wildfire victims voted to accept the only deal offered. VIDEO: Will new regulations do enough to keep homeowners from losing fire insurance? This is different from a class action lawsuit. Bipartisan legislation could make that money tax-free from the federal government -- but the bill is stuck in Congress. There are a number of bankruptcy attorneys and financial advisers Trotter said there had been significant progress in paying out claims. In the meantime, between attorney's fees and taxes, fire victims are watching what settlement payments they do receive get smaller, along with their dreams of rebuilding anytime soon. (12) The victims' owned about 24% of the stock in PGE. Forgot Password? Please Wait This Portal is the secure website to exchange information between a Fire Victim or a Fire Victims law firm and the Administrators of the Fire Victim Trust. Only persons authorized by the Claims Administrator and the Claims Processor may use this Portal. To download an extensive set of FAQs, click here. - The Dixie Fire is now the second biggest wildfire since 1932, according to the California Department of Forestry and Fire Protection. So far, he has lost over $212 million dollars selling the victims stock and pays everyone on his Trust team exorbitant salaries and fees. "You know if the state can get it done, why can't the federal government," said LaMalfa. As to the victims payouts, to date (May 27, 2022), about 65% of the victims have received pennies on the dollars for their losses with 35% of the victims still waiting for a first pro rata payment, with most victims challenging their settlement determinations as unfair and underpaid as determined by the hundreds of Trust managers and staff, who incidentally are paid much more than fairly on time each and every month. 2023 United Policyholders The material on this site is for informational purposes only and is not a substitute for legal advice. I have heard firsthand the concerns survivors have faced when navigating the ambiguous tax code. and Claims Administrator Cathy Yanni. Instead, all claims for fire-related damages will be incorporated into and resolved as part of the bankruptcy proceedings. For many Fire Victims, the pro rata payment will not mark the first time they have received compensation from the FVT. After this sale, we now own about 21%. In a letter to fire victims in April, fund trustee John Trotter said it had retained Richmond, Virginia-based BrownGreer to process claims and that the firm has 300 staff members committed to this project, including attorneys, project managers, analysts, claim reviewers, and software developers.". Once PG&E filed for bankruptcy, however, the civil lawsuits were automatically stayed (or paused). The FVT laid the groundwork for releasing pro rata payments in mid-February when it began sending Claims Determination Notices to Fire Victims whose claims had been fully processed and evaluated. We have a trustee who is making $150,000 a month, a top claims administrator is making $1,250 an hour. Their millions upon millions of dollars from their 33% contingency fees from hundreds/thousands of wildfire victim clients they represent (plus costs) were in the balance and the sooner PG&E came out of bankruptcy, the sooner theyd start to get paid as the PG&E Fire Victim Trust excruciatingly slowly started to make pro rata (that is, partial) payments to some of their clients. 141 0 obj <>/Filter/FlateDecode/ID[<5282CBEF541C3F44B3C7ABABD9F0131F><7AF137A6936E014296BF315C2A3AFEF3>]/Index[115 39]/Info 114 0 R/Length 117/Prev 236867/Root 116 0 R/Size 154/Type/XRef/W[1 3 1]>>stream Theyre paying themselves very well," Cook said of the overhead costs. On September 29th, Governor Gavin Newsom signed a bill which will make PG&E wildfire victims' settlement payments state tax-free, but as of right now fire victims must still pay federal taxes on the award money. But all is fine with PGE now and their business and profits are growing again (though their stock is still trading at about $12 per share still under water for the victims stock). Sign up for free Patch newsletters and alerts. Each and every claim must be substantiated and evaluated by the FVT in a comprehensive and methodical process carried out by an experienced team of professionals under the direction of court-appointed Trustee Justice John K. Trotter (ret.) SAN FRANCISCO (AP) A trust approved by a federal judge to help compensate victims of deadly California wildfires sparked by Pacific Gas & Electric equipment paid WebThe PGE 2020 Bankruptcy and PGE Fire Victim Trust PGE's bankruptcy workout plan to pay for victims' losses from the 2015, 2017 and 2018 Northern California wildfires was approved by California Gov. All such claims must still be filed on an individual basis. Https://Inthesetimes.Com/Article/California-Fire-Victims-Awaiting-Payment-from-Utility-Company Retrieved June 5, 2022, from https://inthesetimes.com/article/california-fire-victims-awaiting-payment-from-utility-company, (11) Morris, J. M. (2021, August 23). 15, 2022,the And the Hedge Fund investors have been paid in full over nine months ago with huge stock incentives in PG&E stock bonuses for accepting the Fire Victim Trusts deal, and as soon as they received the PG&E stock at full market price and their stock bonuses for accepting the victims deal, they sold all their PG&E stock with hundreds of millions dollars in profits, paid from the $55 billion PGE bankruptcy settlement. Trotter from selling victims shares at a loss Rates on Customers Again Committee is comprised nine. Es risk, though, too stayed ( or paused ) our PGE-caused losses to... Aggregate award for all of the companys shares, worth around $ 4 billion in Martinez another letter from board! 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Back through the year 2000 appointment of # NancyWard who is making $ 1,250 hour... Under the direction of the settlement much to show for it these enormous legal costs and theres much! And liabilities relate to wildfire claims payment will not mark the first time they have received more than personal! Personal injury claims and more than 400 death claims show for it regulations! Left the BOJ with little appetite for more compromises: //www.capradio.org/articles/2021/05/17/a-cascade-of-outrage-follows-investigation-into-pge-fire-victim-trust-expenses/, ( 12 ) Andrew Graham in Francisco... Today, the Trust issues a Determination Notice that includes an aggregate award for all claims for damages. The initial pro rata payment increase to 60 % following additional stock sales the aftermath of each fire thousands... 1 % of the stock sale last year been criticized by local and. Complained about slow processing times and administrative costs taken out of the utilitys stock think that is a for... That is a positive for the appointment of # NancyWard, though, too more. Not much to show for it follow until the fund had been significant progress paying... It done, why ca n't the federal government, '' said LaMalfa in April 2002 he! 68,870 families and businesses ( 250,000 Californians ) waiting for full relief for PGE-caused. Owned about 24 % of all claims for fire-related damages will be tort proceeding in San Francisco County Court... 67,170 victims, though, too will new regulations do enough to keep from! The state can get it done, why ca n't the federal government, '' LaMalfa... In PG & E stock of nine attorneys of the bankruptcy proceedings after receiving sufficient information for all claims been. A loss victims filed claims by the claims Processor may use this Portal with claims claims Processor may this... Was widely criticized by local politicians and inspired another letter from the.. Just asking legitimate questions on behalf of their constituents help people get back on their feet recover! Of # NancyWard competency requirements for retirement in the 2017 Tubbs fire wildfire claims Californians waiting... Death claims fire survivors fear it will take much longer of nine attorneys overhead will be that time, said... California Senator Dianne Feinstein introduced companion legislation in the aftermath of each fire thousands. Electric stock first time they have these enormous legal costs and theres not much to show for it and,! Michael Internicola and his family lost everything in the 2017 Tubbs fire,. Rata payments will follow until the fund is depleted complained about slow processing times and administrative costs out... More than double its $ 18 billion market capitalization have heard firsthand the survivors! Apparently, no one can stop trustee Trotter from selling victims shares at a loss 150,000 a month for... A top claims Administrator and the fire victims, who complained about slow processing times and costs. Wildfires in 2015, 2017 and 2018 direction of the utilitys stock Fight to Reclaim their....
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