The Fire Victim Trust was established in 2020 from the bankruptcy of PG&E to offer an efficient and equitable claim review process to compensate Fire Victims for damages caused by the 2015 Butte, 2017 North Bay, and 2018 Camp Fires.

Secondary

Helping people rebuild their lives

The Fire Victim Trust was established in 2020 from the bankruptcy of PG&E to offer an efficient and equitable claim review process to compensate Fire Victims for damages caused by the 2015 Butte, 2017 North Bay, and 2018 Camp Fires. Secondary

Latest Progress

Last updated on Sep 30, 2024

Total Payments and Awards

71,803 (100%)

40,417 (100%)

40,403 (99%)

$19.55 billion

$12.78 billion

Submitted Claims Questionnaires

CQs submitted as of 9/30/24 (40,417)

Claimants with Submitted Claims Questionnaires (CQs)

71,803

Submitted CQs

40,417

Claims Asserted

254,832

Claimants with Determination Notices

71,803 (100%)

CQs with Determination Notices Issued

40,417 (100%)

CQs with Accepted Determination Notices

40,403 (99%)

Paid Claimants

63,632 (88%)

Amount Paid

$12.78 billion

Amount Awarded

$19.55 billion

A Message from Trustee Cathy Yanni

September 25, 2024
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I am delighted to announce that the Fire Victim Trust is increasing the pro rata payment percentage to 70% effective October 24, 2024.

In April, when we implemented the 66% pro rata and I shared my goal to increase the pro rata by the end of the 2024, much work remained. As of today, substantially all claim determinations (99.9%) are accepted and final and 99% of releases have been submitted. This means we can confidently increase the pro rata payment percentage months earlier than expected. I’m proud of my team for reaching this milestone through months of hard work.

Before providing a more general update on the Trust’s wind down efforts, I want to answer a few questions you may have about this pro rata increase.

Q: When will payments be made? On October 24, 2024, the Trust will begin bringing prior payments up from 66% to 70%. After that, the Trust will pay all pro rata payments at 70% of the final award amount.

Q: How much money will be available as part of this pro rata increase? Increasing the pro rata percentage from 66% to 70% will allow the Trust to disburse $770,000,000 more to eligible claimants who have submitted their releases.

Q: Will there be a future pro rata payment increase? Yes. The next pro rata increase will be the final increase. It will be a small top off payment that we issue in 2025 as we complete the wind down.

Trust Wind Down

In addition to announcing October’s pro rata payment percentage increase, I want to update you on the remaining work to do as we look forward to winding down the Trust.

  • Releases: The Trust has been seeking release signatures since September 2023 and has received signed releases from 99% of eligible claimants. The remaining 1% of eligible claimants will not receive further Trust distributions until they submit their Releases.
  • Minors Compromises: Over 61% of claimants requiring Special Master approval have completed that process. The remaining 39% must be completed before the Trust can disburse these claimants’ funds and wind down.

We have worked diligently from the beginning to compensate fire survivors for their losses, and we will continue to do so to bring closure to this process.

Thanks,

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Cathy Yanni



Latest Trust Updates

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Trustee Cathy Yanni announces a pro rata payment percentage increase to 70% effective October 24, 2024. This increase is possible following two major milestones: a 99.9% notice acceptance rate and a 99% Release submission rate as of September 2024.

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Following up on support for previous tax relief legislation, Trustee Yanni wrote to Senator Schumer requesting support for H.R. 7024, which would amend the IRS Code of 1986 and would exclude qualified wildfire relief payments from gross income, and voicing her support for H.R. 5863 and H.R. 4970.

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Continuing the push for tax relief for fire survivors, Trustee Yanni wrote to Senator Crapo requesting support for H.R. 7024, which would amend the IRS Code of 1986 and would exclude qualified wildfire relief payments from gross income.

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Trustee Cathy Yanni announces a pro rata payment percentage increase to 66%. This increase is possible following two major milestones: a 97% acceptance rate as of March 2024 and the Trust’s final sale of PG&E stock in December 2023.

Contact Us

If you need assistance with questions related to the Fire Victim Trust, use one of the following methods to contact the Claims Processor for the Fire Victim Trust.

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Mail
Fire Victim Trust
P.O. Box 25936
Richmond, VA 23260

Important: The contact information and methods listed on this page are for communications with the Claims Processor for the Fire Victim Trust. Kroll Restructuring Administration (formerly Prime Clerk) is the claims and noticing agent in the PG&E Bankruptcy Cases responsible for filing Proof of Claim forms with the Bankruptcy Court. Kroll is not responsible for receiving and processing information related to your Fire Victim Trust claims.

 
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