![]() I want to especially thank the fire survivors, their lawyers, state and federal representatives and their staffs, the Trust Oversight Committee, Judge Ellen Sickles James (ret.), the Special Master who oversees the Minors Compromise process, and the Trust professionals who diligently assist with Trust administration and claims resolution. I became Trustee in July 2022, and I want to acknowledge and thank everyone who has helped the Trust get to where it is today. As of June 30, 2023, the Trust has issued Determination Notices on over 97% of submitted CQs and paid more than $9.81billion to claimants, and 88% of all CQs have an accepted, final determination. I am very pleased to announce our continued progress. You can find more information about the releases in the Trust Agreement and Claims Resolution Procedures (available here ), and we will be posting additional FAQs regarding the releases ( here ). We will be working with claimants and their lawyers, if represented, to distribute releases for signature beginning September 1, 2023. We cannot conclude the Trust’s work without these signed releases as they are required by the terms of the Bankruptcy Plan approved by the Bankruptcy Court in June 2020, prior to the creation of the Trust. Releases are standard operating procedure for trusts. It does not release any insurance claims a claimant has under their insurance policy or any other claims against their insurer as set forth in paragraph 2 of the Mutual Made Whole Release. The Mutual Made Whole Release releases the insurers from any claims arising out of the timing of payments to them from the Subrogation Trust. This release arises out of the insurance payments made to many of the claimants. The second is the Mutual Made Whole Release.The first release confirms that claimants cannot make further claims against the Trust after they have accepted a determination.When the Trust was created, the Confirmation Plan approved by the Bankruptcy Court in June 2020 mandated that each claimant execute two releases: These achievements demonstrate that the Trust is fulfilling its mission to help Fire Survivors. We have successfully resolved multiple third-party claims, which netted $135 million directly to the Trust and also allowed us to satisfy outstanding obligations to the Federal government.We have resolved all 12 Opt-Out cases, eliminating their right to litigate their claims in the Bankruptcy Court, thereby eliminating this barrier to final resolution of the Trust and final payments to the Fire Survivors.We still have another 127.7 million PG&E shares to sell, and we will do so when market conditions are right to optimize sale proceeds That, together with the cash component of the fund, has enabled us to achieve a 60% pro rata payment percentage, with claimants receiving over $9.81 billion to date. The Trust has sold approximately 350 million PG&E shares (73% of the total shares assigned to the Trust by PG&E in the bankruptcy proceedings).With the new deadlines to close out the claims process that I described in last month’s post, we intend to issue 100% of all determinations by the end of the year We have issued determination notices to 67,900 or 97% of all claimants.I’d like to take this moment to reflect on important milestones the Trust has achieved on behalf of fire survivors in the last three years and assess where things stand today: It marks the third Anniversary of when the Trust came into existence (July 2020) following the bankruptcy of PG&E and one year since my appointment as Trustee. (Ethan Swope/AP) Thousands of people have fled their homes to escape a wildfire engulfing a forest in California. Support local journalism by subscribing today.July is an important month for the Trust. A firefighter battles the Fawn Fire as it spreads in California on Sept. His newspaper career spans Yreka and Eureka in Northern California and Bellingham, Wash. Mike Chapman is an award-winning reporter and photographer for the Record Searchlight in Redding, Calif. Details were not available on that incident either. He was booked into Siskiyou County Jail on multiple counts, Cal Fire said. The man is suspected of causing multiple fires in a structure and arson of property. On June 10, Cal Fire law enforcement officers arrested another man in Dorris with help from the Siskiyou County Sheriff's Office and the California Highway Patrol. Two men were arrested on suspicion of arson in separate Siskiyou County incidents this month, according to the California Department of Forestry and Fire Protection.Ĭal Fire law enforcement officers, with help from the Yreka Police Department, arrested a man in Yreka on June 9 and booked him into Siskiyou County Jail for investigation of arson and a warrant.Ī Cal Fire spokeswoman didn't have any details on the arson incident. Watch Video: How Cal Fire uses a Bambi Bucket to snuff out fires
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