Securities and Exchange Commission to Provide Full PG&E Settlement Funds to Victims of Recent Wildfires

On Monday, Senators Dianne Feinstein and Alex Padilla announced that the Securities and Exchange Commission (SEC) had granted a request to allow thousands of recent wildfire victims to keep payments from a settlement reached with Pacific Gas and Electric Company (PG&E), rather than forcing the victims’ trust to return some of those payments to PG&E.  In May, the Senators sent a letter to the Chair of the SEC drawing attention to the issue.