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In an effort to compensate victims from the fire in Northern California from 2015 to 2018 the PG&E Fire Victim Trust (FVT) sold 35 million shares of PG&E stock on October 28, 2022. Claims arising from the 2015 Butte Fire, 2017 North Bay Fires, and 2018 Camp Fire are evaluated by the Fire Victim Trust which administers, processes and resolves eligible claims.
Created in July of 2020, the Fire Victim Trust is funded with both cash and shares of stock pursuant to PG&E’s Chapter 11 Plan of Reorganization. The Trust aims to compensate Fire Victims for both economic and noneconomic damages caused by the fires which includes destruction or damage to real estate and personal property, additional living expenses, lost wages, business losses, personal injury or death, and related medical expenses, and emotional distress.
The Trust as of October 28, 2022, has issued determination notices to 86% of all claimants and paid claimants over $5.36 billion.