Bill would stop utilities from passing wildfire costs onto California ratepayers
The proposal comes after a
"This practice is an outrage," Sen.
McGuire, whose district includes communities ravaged by the wildfires this month, said the idea that residents should pay for a corporation's potential negligence is "simply unconscionable."
Wiener added: "You don't burn someone's house down and then raise their rates to help pay for the damage you caused."
Asked to respond to the upcoming bill,
"While we all want answers, we must address these climate-driven natural disasters and come together to find solutions that protect our infrastructure and keep our communities and customers safe," said Cutler.
The cause of the
Attempts by utilities to recoup financial losses from fines, penalties and claims not covered by insurance aren't new.
Separately,
Gas companies are already prevented from shifting the burden of fines and penalties onto customers as a result of legislation Hill introduced after
___
(c)2017 the San Jose Mercury News (San Jose, Calif.)
Visit the San Jose Mercury News (San Jose, Calif.) at www.mercurynews.com
Distributed by Tribune Content Agency, LLC.
America’s Essential Hospitals Issues Statement on House Delay of Medicaid DSH Cuts
Nation of Insurance Uncertainty: Zocdoc Study Reveals Americans Need Help Deciphering Health Insurance Coverage
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News