Environmental & Energy,
Administrative/Regulatory
Nov. 4, 2021
SoCal Edison to pay $550M, PG&E $125M for files in deal with regulators
“SCE did not admit imprudence, negligence or liability in reaching the agreement. We believe the agreement is fair and reasonable and look forward to ... review and approval,” an Edison statement said.
Two utilities that provide power to most of the state have agreed to incur a total of $675 million in fines and absorbed costs to end disputes with regulators over some of California’s largest wildfires in history over the last four years.
On Tuesday, the California Public Utilities Commission announced that Southern California Edison Co. agreed to pay $550 million in penalties to the commission in connection with wildfires in 2017 and 20...
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