—Written by Bea Karnes
As survivors of the PG&E gas pipeline explosion and fire reverently marked the third anniversary Monday, Sept. 9 of the explosion and fire that forever altered their neighborhood, their lawyers and PG&E attorneys settled all but two remaining lawsuits.
The new $110 million settlement will be divided between plaintiffs. The amount each receives depends upon their loss.
According to a company spokeswoman, money for the settlement will come from investors, not ratepayers.
"It's a huge deal. The clients are getting what we
felt is a very fair settlement for them under the circumstances," attorney
George Corey told the San Jose Mercury News. "It took a long time for
PG&E lawyers to get the company to stand up to the serious facts of this
case. But they finally did, and it was fair."
When added to previous settlements, PG&E has now paid a total of $565 million to settle lawsuits from the San Bruno explosion.