The PG&E Fire Victim Trust (FVT) today sold 35 million PG&E shares as it continues its work to compensate victims of the 2015-2018 Northern California fires. This follows the sale of the same number of shares in early October.
FVT was formed in July 2020 and was funded with both cash and stock under PG&E’s Chapter 11 restructuring plan. At that time 476,995,175 common shares were transferred to the Trust. Another 748,415 shares followed on August 3, 2020. Any sale, disposal or other transaction involving the Trust’s units will follow strict guidelines as set forth in filings with the US Bankruptcy Court and the US Securities and Exchange Commission.
“The price at which PG&E shares traded today supported the sale of 35 million shares. Along with the sale, which went ahead in early October, we continue to increase the funds available to beneficiaries and carry out our overarching goal of helping fire victims recover from the devastation caused by the Northern California fires,” said trustee Cathy Yanni.
As of October 28, 2022, the Trust had issued declaratory judgments to 86% of all claimants and paid claimants over $5.36 billion.
The Fire Victims Foundation:
The Fire Victim Trust assesses, administers, processes and resolves legitimate claims arising from the 2015 Butte Fire, 2017 North Bay Fire and 2018 Camp Fire. Led by the Trustee and Claims Administrator, the Fire Victim Trust provides an efficient and fair process for verifying claims and compensating fire victims for both economic and non-economic losses caused by these fires, including destruction or damage to property and personal Property Cost of living, lost wages, loss of business, personal injury or death and related medical expenses, and emotional distress. To date, the Fire Victim Trust has paid out $5.36 billion to fire victims. For more information about the Fire Victim Trust, visit
