- Edison International produces electricity throughout Southern California and shared insights on its stock.
- Utilities are facing liability risks from wildfires.
Utilities (SCE and PG&E) face wildfire liability legislation, prompting Ben Allen to consider oversight hearings and proposals to shift costs to insurance.
1 report, 1 independent
Updated Aug 12
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What happened
Utilities (SCE and PG&E) face wildfire liability legislation, prompting Ben Allen to consider oversight hearings and proposals to shift costs to insurance.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- PG&E faced the failure to pass key wildfire liability reforms in the California legislature, leading to a stock downgrade.Sub-event
- Kathryn Barger noted a county investigation into policyholder complaints, leading to a policy change that blocked insurance lawsuits against utilities.Sub-event
- Utility liability is under review and legislative action is limiting liability for fires involving Southern California Edison.Sub-event
- SCE equipment sparked an Eaton fire, leading insurers to argue for higher premiums as utilities face massive liability risks.Sub-event
Ben Allen considers oversight hearings as utilities face new wildfire liability legislation and insurance cost shifts.1 source
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The entities involved
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Pacific Gas and Electric Company
American utility company
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Ben Allen
American politician
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