California lawmakers approved legislation on Thursday to create a $21 billion fund to help utilities in the state pay for claims arising from future wildfires sparked by their equipment, tackling a top issue for the state. The approval came after …
California’s biggest utilities, PG&E Corp., Edison International and Sempra Energy, may not get the help they need to deal with multi-billion dollar wildfire liabilities before lawmakers adjourn July 12 for recess. Governor Gavin Newsom signaled that pending legislation may not …
Creation of a catastrophic wildfire risk pool is emerging as the most likely option as California lawmakers seek to protect the solvency of investor-owned utilities from record payouts for fire damages. PG&E filed for a bankruptcy reorganization this year, saying …
Utah lawmakers want the state to set aside $2 million to sue California over rules that make coal-fired power more expensive. The proposal from Republican Rep. Mike Noel passed through a subcommittee this week with only one Democratic lawmaker raising …
