Reuters: PG&E utility to plead guilty to involuntary manslaughter over 2018 fire

PG&E Corp (PCG.N) said on Monday its utility unit agreed to plead guilty to 84 involuntary manslaughter counts in connection with the 2018 Camp Fire, the most destructive fire in California’s history.

In a regulatory filing, PG&E said the plea by its Pacific Gas & Electric unit was part of a March 17 plea agreement with California and the Butte County District Attorney’s office.

PG&E also said the agreement also requires the utility to pay the maximum $3.5 million fine plus $500,000 in costs, and end all criminal proceedings against the company and its units.