Judge keeps California law on utilities paying fire damages

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The century-old law helped drive the nation’s largest utility into bankruptcy protection 10 months ago as it faced at least $20 billion in losses stemming from a series of deadly and destructive wildfires in 2017 and 2018. But Montali pointed out that there is no evidence yet that PG&E would not be allowed to pass along its wildfire costs if it could show regulators that it had acted as a “prudent operator.” He said PG&E seemed to be “seeking a solution, fire cost reimbursement, in search of a problem.”

Although utilities never liked the concept of inverse condemnation, it wasn’t crippling until recently. That’s because California’s power regulators typically allowed profit-driven utilities to recoup their fire losses by raising their rates — effectively forcing their customers to bear the burden instead of their stockholders.

The shift in the regulatory landscape has been even more jarring because PG&E and other utilities put off maintenance on aging electrical systems. Those past decisions can now be interpreted as poor management or outright negligence after PG&E’s power grid was linked to several fires that destroyed thousands of homes and killed dozens of people.

PG&E also had tried to persuade the bankruptcy judge that the law was designed to serve as a “socialization of losses,” so it should always be allowed to recover its wildfire costs through higher rates.

Expect more blackouts.

I live it! THE GUN MAKERS WILL BE NEXT TO PAY FOR THEIR SINS!

It’s too bad PG&E spent all that money bribing CA politicians with trips to Hawaii to turn a blind eye to their lack of buried electrical lines and basic forest management.

Translation......we paying

То что наворовано в Ближнем Востоке - сгорело в Калифорнии. Благословение на грабеж Бог не даёт.

There really needs to be a State wide mental evaluation for the State of Californica. A rampant Mental deficiency prevails. 'Liberalism truly is a 'Mental Disease'.

GOOD... If the fire is caused or contributed to by something related to these utility companies than they should pay their fair share.

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