Advertisement

Topics

Calif. Lawmakers Pass Bills To Stabilize Utilities After Wildfires, But Critics Call Law ‘A Reward For Monstrous Behavior’

09:00 EDT 12 Jul 2019 | Kaiser Health News

The legislation is complicated and was quickly shepherded through the California Legislature with fears of the utility companies going bankrupt if something wasn't done. The bill will provide investor-owned utilities with at least $21 billion to pay for damage from blazes linked to their equipment beginning this summer. Utility customers will be required to pay $10.5 billion to the so-called wildfire fund. Meanwhile, new data show the town of Paradise lost over 90% of its population since a wildfire killed 85 people last year.

Original Article: Calif. Lawmakers Pass Bills To Stabilize Utilities After Wildfires, But Critics Call Law ‘A Reward For Monstrous Behavior’

NEXT ARTICLE

More From BioPortfolio on "Calif. Lawmakers Pass Bills To Stabilize Utilities After Wildfires, But Critics Call Law ‘A Reward For Monstrous Behavior’"

Advertisement
Quick Search
Advertisement
Advertisement