PG&E PCG, -4.84% said it’s reached an agreement to resolve claims with entities representing 85% of the insurance claims from the 2017 Northern California wildfires and the 2018 Camp Fire. Subject to bankruptcy court approval, PG&E said the agreement formalizes the $11 billion agreement in principle announced last week. PG&E said Elliott Management’s alternative is a “blatant attempt to unjustly enrich the noteholders who proposed it” and would “cost all PG&E customers billions of dollars in additional interest payments over 15 years.”