Trustee Cathy Yanni announces that, as of the October 24th pro rata increase to 70%, the Trust’s payments to fire victims have surpassed the total anticipated Trust funding of $13.5 billion, noting the financial stewardship enabling this milestone. She also provides an update on the Trust’s wind down steps, reiterating the December 16th deadline to complete Minors Compromise submissions.

Trustee Cathy Yanni announces a December 16, 2024, deadline to submit Minors Compromise petitions. She also discusses next week’s pro rata payment percentage increase to 70% and provides an update on the Trust’s wind down steps.

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.

Trustee Cathy Yanni discusses the Trust’s winddown, reporting that 99.9% of all Claims Questionnaire determinations have been accepted and are final and that 98.6% of all eligible Claimants have submitted both required releases. 

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.

Trustee Cathy Yanni reports that 99.7% of all Claims Questionnaire determinations have been accepted and are final and over 93% of all eligible Claimants have submitted both required releases. She also reminds Claimants of the August 15th deadline to submit releases.

Trustee Cathy Yanni announces an August 15th deadline to submit releases, noting that Claimants who do not submit completed, signed releases by this deadline will not receive any further distributions from the Trust. Yanni also discusses misinformation about “100 percent” payments, reiterating that if there was sufficient money to pay everyone in full, PG&E would not have filed for bankruptcy.

Trustee Cathy Yanni shares program statistics, including over $1 billion paid to fire survivors following the April 25th pro rata payment percentage increase to 66%. Looking forward to the Trust’s winddown, Yanni also provides an update on release submissions and Minors Compromise completion rates, noting that both are vital steps to winding down the Trust.

Trustee Cathy Yanni discusses the April 25 pro rata payment percentage increase to 66% and the related release prerequisite. Looking towards the Trust’s winddown, Yanni provides additional program updates on notices, payments, release submissions, and Minors Compromise completion rates.

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.

Trustee Cathy Yanni announces an April pro rata payment percentage increase and release requirement. Looking forward to the Trust’s winddown, Yanni also provides an update on the Road to Completion, including program statistics regarding notices, payments, release submissions and Minors Compromise completion rates.

Trustee Cathy Yanni provides an update on federal tax legislation and shares current program statistics, emphasizing the importance of accepting notices, signing releases, and completing the Minor’s Compromise process as the Trust prepares to issue additional pro rata payments.

Following up on support for previous tax relief legislation, Trustee Yanni sent letters requesting support for H.R. 7024, which would amend the IRS Code of 1986 and would exclude qualified wildfire relief payments from gross income.

Trustee Cathy Yanni shares on an update on 2023 milestones and emphasizes the importance of accepting notices, signing releases, and completing the Minor’s Compromise process as the Trust prepares to issue additional pro rata payments.

Trustee Cathy Yanni provides an update following the sale of the remaining 67.7 million shares of PG&E stock held by the Fire Victim Trust.

In this month’s update, Trustee Cathy Yanni provides a program update and discusses remaining steps to complete the Trust’s mandate, including collecting required releases, selling stock, processing the remaining claims to acceptance, and increasing the pro rata percentage.

Trustee Cathy Yanni focuses on considerations related to the Trust’s remaining ownership of 67.7 million shares of PG&E stock, including how we got here and what needs to happen next.

Trustee Cathy Yanni focuses this month’s discussion on Releases and shares more information on their history, necessity, and content. She also provides a program update.

Trustee Cathy Yanni discusses federal tax legislation and calls for your support. Again highlighting the Road to Completion, she reiterates steps the Trust has taken regarding claims submissions, notice deadlines, and releases, and she calls for collaboration to finalize claims processing.

Trustee Cathy Yanni announces the Trust has paid over $10 billion to claimants and provides updates on recent stock sales and federal tax legislation. Highlighting the Road to Completion, Trustee Yanni also outlines additional plans the Trust will implement on September 15 to finalize claims processing.

Following up on support for H.R. 7305 last year and H.R. 176 earlier this year, Trustee Yanni sent letters requesting support for H.R. 4790 by Congressman Doug LaMalfa, co-sponsored by Congressman Thompson.

This month, Trustee Cathy Yanni shares an update on the Trust's progress over the last year and additional plans to finalize claims processing, including collecting releases required by the Bankruptcy Plan and Trust Agreement.

This month, Trustee Cathy Yanni shares additional plans the Trust will implement on July 1 to finalize claims processing and provides an update from Linda Klamm on the status of the Opt-Out claims.

This month, we interviewed Tim Jorstad, the Trust's Chief Financial Officer, to discuss the 2022 Annual Report. As a public document, filed with the Bankruptcy Court and published on the Trust's public website, the report holds the Trust accountable for its stewardship of the assets that are held on behalf of fire survivors.

Because many claims we process include claims for personal injury and/or emotional distress caused by the Fires, it is important to understand the process by which claimants may be required to repay healthcare insurers.

On March 1, 2023, Trustee Cathy Yanni, Trust CFO Tim Jorstad, and Claims Processor Phil Strunk participated in a second virtual meeting hosted by Sonoma County Supervisors Susan Gorin and James Gore.

This month the Honorable Ellen Sickles James (Ret.), Special Master, tells us about Minor Compromises and the Trust's efforts to protect children recovering from physical and emotional injuries caused by the California fires.

Following up on last year's efforts, the Trustee sent additional letters requesting support for H.R. 176 by Congressman Doug LaMalfa, co-sponsored by Congressmen Thompson, McClintock and Huffman.

On January 11, we shared the good news that the Fire Victim Trust would be increasing the pro rata percentage paid to fire survivors following multiple PG&E stock sales.

The Fire Victim Trust announced that it will increase pro rata payments from 45% to 60% effective January 31, 2023.

In this month's update, Trustee Yanni addresses the taxation of awards made to fire survivors from the Fire Victim Trust.

On October 28, 2022, Trustee Cathy Yanni and Trust CFO Tim Jorstad participated in a meeting hosted by Sonoma County Supervisors Susan Gorin and James Gore.

The Trustee sent letters requesting support for H.R. 7305, sponsored by Congressman Mike Thompson, which would amend the Internal Revenue Code of 1986.

One of the most common questions we receive relates to the Trust's holding of PG&E stock and when we’re going to sell more shares to add funds into the Trust.

The Trust is committed to ensuring you have access to accurate information about your claims, about our work, and how we are fulfilling our duty to fire survivors.

After two years serving as Claims Administrator, Cathy Yanni was honored to step into the position of Trustee of the Fire Victim Trust on July 1, 2022.

Update from Trustee John K. Trotter on the Trust's status after its first year of operation.

Update from Trustee John K. Trotter on claims processing, PG&E stock sale, and third-party litigation.