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News
California lawmakers kill wildfire bill after utility complaints
1+ week, 4+ day ago (797+ words) Legislation that would have helped wildfire victims receive compensation more quickly, but that utilities said didn't do enough to reduce their financial risks, died in Sacramento on Tuesday after the Assembly declined to vote on it. The failure of Senate…...
Utility giant's 'keep the lights on' pitch masks a guaranteed 10.4% profit in Maryland
3+ week, 22+ hour ago (444+ words) The regional utility BGE is seeking a rate hike that asks for a guaranteed profit margin of 10.4%. One expert suspicious of the request argued that it was a ploy to guarantee investors a high return at a time when many…...
Gov. Newsom isn't backing down from push to limit how much utilities pay when they cause a wildfire
3+ week, 3+ day ago (63+ words) Yahoo Despite backlash from several different groups, Gov. Gavin Newsom signaled Wednesday he's not backing down from his push to limit who and how much California's utility companies pay when they cause a catastrophic wildfire. KCRA 3 has also learned new…...