Utilities Lobby For Shield From Wildfire Costs

Source: The Los Angeles Times‍ ‍|By Melody Petersen

As a criminal investigation into Southern California Edison’s actions before last year’s deadly Eaton fire continues, the state’s for-profit utilities are lobbying for legislation that would protect their shareholders from paying for future catastrophic fires they cause.

Mark Toney, executive director of the Utilities Reform Network, called the idea of permanently capping shareholders’ liabilities for fires “completely unacceptable.”  “There needs to be a cap on ratepayers’ liability,” he said.

 
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