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California Wildfire Fund May Help Protect Major Utilities’ Renewable Contracts

July 11, 2019
California legislation creating a wildfire liability fund for utilities that would be partially supported by ratepayers is expected to bolster confidence among credit rating firms that the state’s largest investor-owned utilities (IOUs) can meet their renewable power contract obligations, sources say. “I think that the bill’s language on liability issues should bring enough certainty to the situation that the credit agencies should be able to stabilize Southern California Edison (SCE) and San Diego Gas & Electric (SDG&E),” says one environmentalist...

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