Big utilities are desperately trying to stick customers for the bills from California wildfires [Los Angeles Times (CA)]
Edison International (EIX)
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Source: Los Angeles Times
Big utilities are desperately trying to stick customers for the bills from California wildfires Does there exist anywhere a whinier, more petulant, more entitled gang of businesses than California's big utility companies? PGE Corp., Edison International, and Sempra — the parents of Pacific Gas & Electric, Southern California Edison and San Diego Gas & Electric— connived in the state's misbegotten electricity deregulation program of 2000-2001, then complained bitterly about how much it cost them. PG&E tried to foist a stealth ballot measure on voters to hamstring competing public power agencies. The companies have mismanaged their nuclear power plants to the point that one of the two plants has been prematurely shut down and the other will soon be in mothballs. And now the utilities, which earned a combined $3 billion in profits last year on nearly $41 billion in revenues, are moving on several fronts to limit their liability for wildfires sparked by their own lines or equipment. Their
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