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California utility to pay $55 million for massive wildfires

FILE - This Nov. 15, 2018, aerial file photo shows the remains of residences leveled by the Camp wildfire in Paradise, Calif. Pacific Gas & Electric has agreed to pay more than $55 million to avoid criminal prosecution for two major wildfires started by its aging equipment in 2019 and 2021, prosecutors announced. (AP Photo/Noah Berger, File)

FILE - In this Jan. 28, 2019 photo, a man holds a sign at a rally before a California Public Utilities Commission meeting in San Francisco. Pacific Gas & Electric has agreed to pay more than $55 million to avoid criminal prosecution for two major wildfires started by its aging equipment in 2019 and 2021, prosecutors announced. (AP Photo/Jeff Chiu, File)

FILE - In this Aug. 15, 2019, file photo, a Pacific Gas & Electric worker walks in front of a truck in San Francisco. Pacific Gas & Electric has agreed to pay more than $55 million to avoid criminal prosecution for two major wildfires started by its aging equipment in 2019 and 2021, prosecutors announced. (AP Photo/Jeff Chiu, File)

California utility to pay $55 million for massive wildfires