in the wildfire, which was caused by its crumbling electrical grid. The company's statement included remarks from incoming interim CEO Bill Smith, who addressed the court Thursday during the company's sentencing.
"It can never be said too many times: We accept responsibility for our role in the Camp Fire, and all 23,000 employees are committed to making sure our equipment never again causes a catastrophe like this," Smith said. PG&E will pay a fine of $3.5 million for its crimes as well as $500,000 for the cost of the investigation.
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