Southern California Edison Chief Warns Wildfire Impasse Risks Higher Customer Bills

What happened

Notify me of comments via e-mail More News FBI Investigating Hackers’ Claims of Stealing Employee Data Florida Farm Manager the Latest to Plead Guilty in Crop Insurance Fraud Probe Markets/Coverages: Munich Re Specialty Launches in Italy’s Primary Specialty Market Texas Rangers Pursuing Criminal Investigation Against Camp Mystic More News Features . Build Your Own, Webinar Says Baldwin Group to Go Private After $7.7B Investment Deal Gemini Hacked Three Companies in First Known Breakout by Google’s AI Buffett Steps Down as Berkshire Chair, Ending Six-Decade Run . Under current law, that cap is set at 20% of a utility’s equity rate base, or $4.3 billion in Edison’s case, if the company’s equipment sparks a blaze and it’s found to have acted imprudently.

Key details

• Build Your Own, Webinar Says Baldwin Group to Go Private After $7.7B Investment Deal Gemini Hacked Three Companies in First Known Breakout by Google’s AI Buffett Steps Down as Berkshire Chair, Ending Six-Decade Run .
• Under current law, that cap is set at 20% of a utility’s equity rate base, or $4.3 billion in Edison’s case, if the company’s equipment sparks a blaze and it’s found to have acted imprudently.
• Unlike PG&E, which announced that it would be deferring $2 billion of capital spending after the legislative impasse, Pizarro said Edison isn’t considering a similar capital spending pullback.

Why it matters to restoration

This belongs on an operator’s radar because insurance behavior sets the rules for documentation, scope disputes, cash flow and customer expectations. If the article points to a carrier, court or coverage trend, the practical question is what proof your next file needs before the argument starts.

What to check next

Check whether your estimates, photos, notes and customer updates would survive the same dispute described in the article.

Read original article ↗