Pacific Gas & Electric said Monday it will plead guilty to 84 counts of involuntary manslaughter in connection with the 2018 fire in Northern California that killed 84 people and decimated three towns.
The utility said in a statement it will also admit to a single count of unlawfully starting a fire.
Under a plea agreement with the Butte County District Attorney's office, PG&E will pay the maximum fine of about $4 million.
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The company has also agreed to fund efforts to restore access to water for the next five years for residents impacted by the loss of a canal destroyed by the fire.
"Our equipment started the fire. Those are the facts, and with this plea agreement we accept responsibility for our role in the fire," PG&E CEO and President Bill Johnson said.
The blaze that destroyed the towns of Paradise, Magalia and Concow was started by sparks from a PG&E transmission line that failed on November 8, 2018, state investigators concluded.
Butte County officials have said 85 people died in the Camp Fire. It wasn't immediately clear why PG&E pleaded guilty to 84 counts of manslaughter instead of 85.
The utility filed for bankruptcy in 2018 as it faced billions of dollars in claims from people who lost family members, homes and businesses in wildfires in 2017 and 2018.
The utility has been struggling to emerge from one of the most complex bankruptcy cases in U.S. history and a deadline has been set for it to do so by June 30.
