Per The Wall Street Journal:

PG&E Corp. has reached a settlement with victims of the wildfires that pushed California’s largest utility into bankruptcy, agreeing to pay them $13.5 billion in damages.

The pact removes a significant obstacle to PG&E’s emergence from chapter 11 protection and includes reforms meant to address criticism that the company enriched shareholders while leaving customers exposed to danger from aged, unsafe equipment.

PG&E bowed to demands for more money for fire victims and gave in to pressure from California Gov. Gavin Newsom to improve its corporate governance and implement stricter safety protocols.

The best part: the settlement is payable half in cash and half in stock. All we have to say is:

LIKED OUR ARTICLE SO FAR? CLICK HERE AND SUBSCRIBE TO OUR PREMIUM @$$KICKING BI-WEEKLY NEWSLETTER ON DISRUPTION FROM THE VANTAGE POINT FROM THE DISRUPTED. YOU (AND YOUR BOSS) WON’T REGRET IT.