utility liabilities from wildfires News

California Utilities Face Potential of Billion Dollar Wildfires Year After Year

California utilities are facing the very real possibility that billion-dollar blazes could become an annual occurrence, and they don’t know how to pay for them. Shares of the state’s two largest utilities plummeted Monday after both PG&E Corp. and Edison …

PG&E to California Governor on Fire Liability Plan: It’s Not Enough

California Governor Jerry Brown issued a plan this week to help the state’s embattled utilities facing liabilities from wildfires. For PG&E Corp., it’s not good enough. “It’s insufficient,” PG&E Chief Executive Officer Geisha Williams said on the company’s second-quarter earnings …