A federal judge says he will closely monitor Pacific Gas & Electric's tree-trimming effort this year and barred the utility from paying out dividends to shareholders as part of a new, court-ordered wildfire prevention plan.
PG&E workers dissemble broken power lines after the Camp fire ripped through Paradise, Calif., on Nov. 15, 2018. ’s tree-trimming this year and barred the utility from paying out dividends to shareholders as part of a new, court-ordered wildfire prevention plan.
. The judge stopped short of adopting more stringent conditions initially proposed, including ordering PG&E to inspect every inch of its power grid.Alsup modified the terms as part of an effort to cut down on wildfires started by the company’s equipment, mostly by trees falling onto power lines. Alsup called the utility’s efforts to prevent trees from hitting power lines dismal while it was paying dividends to shareholders.
“A lot of money went out in dividends that should have went into tree trimming,” Alsup told PG&E acting chief executive John Simon during the hearing. “PG&E pumped out $4.5 billion in dividends and let the tree budget wither. So a lot of trees should’ve been taken down that were not.”
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