The so-called Camp fire killed 85 people and destroyed an entire town last year

The bankrupt Pacific Gas & Electric inched closer to taking responsibility for the deadliest US wildfire in a century, saying Thursday it was “probable” that one of its transmission lines sparked the blaze last year that killed 85 people and destroyed most of the city of Paradise.

The embattled utility company, which filed for bankruptcy protection in January, said it was taking a $10.5bn charge for claims connected to the so-called Camp fire in its fourth quarter earnings. The fire destroyed 14,000 homes in and around Paradise, a city of 27,000 people in the Sierra Nevada foothills.

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Read More PG&E says its equipment probably started California’s deadliest wildfire

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