California’s utilities regulator has proposed an increased $2.14 billion fine on PG&E Corp for its role in causing the devastating 2017 and 2018 wildfires in Northern California. FThe decision raises the penalty by $462 million and would be the largest ever imposed, the California Public Utilities Commission (CPUC) said. It would become final if PG&E agrees within 20 days, and will modify a multi-party settlement reached by the company with the CPUC and union representatives in December. The new settlement also requires that potential tax savings in excess of $500 million be applied to the benefit of PG&E’s customers, CPUC said. PG&E did not respond to Reuters’ requests for comment but told local outlet San Francisco Chronicle that it was “disappointed” by the […]