AI6YR BenSep 11, 2025

LA Times: Electric customers to pay $9 billion more to state wildfire fund under proposed bill

"...Southern California Edison, and the state’s two other large for-profit electric companies, had been lobbying Gov. Gavin Newsom and legislative leaders, urging them to pass legislation to replenish the state’s $21-billion fund that pays for damages of utility-caused fires...."

https://www.latimes.com/environment/story/2025-09-10/electric-customers-to-pay-9-billion-more-to-state-wildfire-fund-under-proposed-bill

#wildfires #grid #California #EatonFire #PalisadesFire

Electric customers to pay $9 billion more to state wildfire fund under proposed bill

California electric customers would pay $9 billion more to shore up the state’s wildfire fund under a last-minute deal cut behind closed doors and introduced as legislation Wednesday.

Los Angeles Times
Show threadFinitumSep 11, 2025
@ai6yr at a point does it just make more sense to have power companies owned & operated by municipalities like Riverside does it?
Show threadOld Joe Stalin
@Finitum @ai6yr Yes, or even better the State.
Sep 11, 2025 at 3:07amMastodon for iOS