Environmental & Energy
Dec. 28, 2020
A year on, wildfire fund is still debated
Do utilities have less incentive to spend money on wildfire prevention now that they have a $21.5B safety net to offset future fire liabilities?
Bradford Kuhn (left) and Willis Hon
More than a year has passed since a $21.5 billion wildfire insurance fund was established by Assembly Bill 1054 to help investor-owned utilities offset liabilities that exceed insurance policies. But critics worry the safety net will make utilities less vigilant about taking wildfire safety measures.
"The people of California are not safer. If anything they are more at risk because AB 1054 took away the safety standard the utilities ...
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