State fire investigators have determined that transmission lines owned by Pacific Gas & Electric Co caused the deadliest and most destructive wildfire on record in California, a blaze that killed 85 people last year, officials said Wednesday.

The Red Tea Detox

The wind-driven blaze, dubbed the Camp Fire, erupted in the drought-parched Sierra foothills 175 miles (280 km) north of San Francisco in November 2018 and raced with little warning through the town of Paradise, incinerating much of that community.

READ  Defense secretary nominee faces confirmation hearing, 1 day after formal nomination

Nearly 19,000 homes and other structures were destroyed, and the death toll of 85 civilians stands as the greatest loss of life from a single wildfire in California history. Several firefighters were injured.

Shares of San Francisco-based PG&E initially fell 3.1 percent in after-hours trading following release of the California Department of Forestry and Fire Protection (Cal Fire) statement announcing findings of its investigation of the blaze. The stock later recovered and was trading at 0.2 percent above the closing price of $18.10 a share.

READ  Alabama navy mother surprises son and classmates in school by dressing up like mascot

Cal Fire found last June that PG&E-owned power lines had sparked a separate series of wildfires that swept Northern California’s wine country in 2017. But prosecutors from four affected counties later determined there was no basis to criminally charge the utility in connection with the so-called North Bay fires.

READ  Insider Buying and selling Fees Have No Advantage 

PG&E filed for bankruptcy in January 2019, citing potential civil liabilities in excess of $30 billion from the North Bay and Camp Fires.

LEAVE A REPLY

Please enter your comment!
Please enter your name here