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PCG PR H - Pacific Gas And Electric Co News Story

$22.31 0.0  0.0%

Sector
Utilities
Size
Large Cap
Market Cap £4.18bn
Enterprise Value £29.87bn
Revenue £13.37bn
Position in Universe th / 6853

BRIEF-Pacific Gas and Electric says parties in San Bruno fire derivative cases filed to resolve lawsuit

Wed 15th March, 2017 7:05pm
March 15 (Reuters) - Pacific Gas And Electric Co  PCG_pa.A : 
    * Parties in San Bruno fire derivative cases filed with 
court settlement saying reached to resolve consolidated 
shareholder lawsuit 
    * Pursuant to settlement stipulation utility will implement 
gas operations therapeutics, at estimated cost of about $32 
million 
    * Pursuant to settlement, individual defendants' directors, 
officers liability insurance carriers will pay $90 million to 
PG&E Corp 
    * Parties filed with court settlement that they reached to 
resolve certain additional claims against individual defendants 
    * PG&E to pay any fee court may grant to counsel for 
plaintiffs in San Bruno fire derivative cases in amount not 
exceeding $25 million 
 
Source text: (http://bit.ly/2noiDSC) 
Further company coverage:  PCG_pa.A  
 
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