Government
Jul. 29, 2019
Utilities agree to pay into wildfire mitigation fund
Pacific Gas & Electric Co. and Southern California Edison Co. said Thursday they would pay into a multibillion dollar wildfire mitigation fund created by the state of California.
Pacific Gas & Electric Co. and Southern California Edison Co. said Thursday they would pay into a multi-billion-dollar wildfire mitigation fund created by the state of California.
The news was widely expected after Gov. Gavin Newsom signed AB 1054 on July 12. The bill calls for the state's three investor-owned utilities to pay $10.5 billion into the fund, an amount to be matched by ratepayers. Utilities can access the money t...
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