EDITORIAL: California must hold PG&E accountable for wildfires - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 15, 2018 Newswires
Share
Share
Post
Email

EDITORIAL: California must hold PG&E accountable for wildfires

Contra Costa Times (Walnut Creek, CA)

Nov. 15--Californians will have to wait to discover the cause of the tragic Camp Fire that has claimed at least 48 lives and burned nearly the entire city of Paradise. But they shouldn't have to wait to make PG&E more accountable for the utility's failure to properly maintain its equipment.

It's unacceptable that the Legislature continues to enable a utility business model that favors putting profits before safety.

Enough is enough.

It's no secret that PG&E went all-out with its successful lobbying effort last summer, spending $1.7 million over three months to pressure legislators to reduce the utility's liability for wildfire damages caused by its equipment. That doesn't include the money PG&E spent on a major advertising campaign designed to convince Californians of how much the utility values safety.

The facts tell another story.

Related Articles

*

Camp Fire photos, Day 7: Survivors grapple with homelessness as Zinke and Brown tour Paradise

*

From Las Vegas shooting to Camp Fire: For Chico woman, too many tales of survival

*

Getting Google's attention: Silicon Valley teens create smart wildfire sensor

*

Camp Fire: Drone footage captures toll of Paradise destruction

*

Political cartoons: Trump's response to California wildfires

Cal Fire has determined that PG&E's power lines and other equipment were responsible for 16 of the wine country fires last year that caused $10 billion in damages. The majority of those wildfires were caused by tree limbs making contact with power lines. The agency has yet to issue a final report on the cause of the Tubbs Fire, which killed 24 people.

Californians shouldn't forget that a state audit by the PUC revealed that PG&E had violated electricity-grid safety regulations at least 11 times in the years prior to the 2017 fires. Nor that the PUC reported that PG&E had failed to conduct timely inspections and fulfill work orders required by the state regulator in thousands of instances over a five-year period. At the same time, PG&E was producing $1 billion in profits every year.

Californians should also remember that PG&E is a convicted felon for its negligence in the 2010 San Bruno gas line explosion that killed eight people and destroyed 38 homes.

That history demanded that the Legislature conduct an independent analysis of PG&E's performance and its ability to pay for the cost of future damages.

Instead, the Legislature approved and Gov. Jerry Brown signed SB 901 into law, legislation that was accurately described as a utility bailout.

In its defense, PG&E is spending additional funding on safety than in previous years. The impact of climate change has also made its job more challenging. But the Legislature's action does too little to give the utility the incentive to change its ways.

Sen. Jerry Hill, D-San Mateo, was the only Democrat in the state Senate to vote against SB 901. While his colleagues have backed the position that PG&E is too big to fail, he believes the Legislature should explore whether PG&E is "too big to succeed." It may be necessary to split up the utility's electrical and gas operations, he argues. Whatever model the state uses, the goal must be to create a utility operation that doesn't have pleasing Wall Street as its primary motivation.

It's a safe assumption that PG&E will continue its intense lobbying efforts in Sacramento. The question is whether the public will pressure the Legislature enough to implement the change Californians need.

------

* Report an error

* Policies and Standards

* Contact Us

___

(c)2018 the Contra Costa Times (Walnut Creek, Calif.)

Visit the Contra Costa Times (Walnut Creek, Calif.) at www.eastbaytimes.com

Distributed by Tribune Content Agency, LLC.

Older

Georgia House of Representatives: House Passes Amended Budget to Address Impacts of Hurricane Michael

Newer

New York A.G. Underwood Announces Arrests of Clinic Owner, Doctor, Attorney for No-Fault Medical Insurance Fraud Scheme

Advisor News

  • House panel advances CLEAR Forms Act backed by IRI
  • Modifying life insurance based on evolving needs
  • Gen X faces ‘pension envy’ as they head into retirement
  • Your client wants to cash out an annuity. Here’s what to consider
  • How student loan debt impacts 401(k) balances
More Advisor News

Annuity News

  • A-Cap strikes back with lawsuit accusing SC regulators of sloppy process, leaking secrets
  • AM Best to Discuss Its Views on Private Credit Surge and Risks at 2026 NAIC/NIPR Insurance Summit
  • OID recovers $260M in life insurance benefits
  • NUNN BILLS TO COMBAT PAYMENT SCAMS, CUT FINANCIAL RED TAPE PASS FINANCIAL SERVICES COMMITTEE
  • SS&C Black Diamond Expands Annuities & Insurance Marketplace with New Insurance Capabilities and Carriers
More Annuity News

Health/Employee Benefits News

  • A cancer survivor hoped to work — Then she lost her Medicaid disability coverage
  • Outcome of suit against Department of Labor could boost skimpy employer health plans
  • A cancer survivor hoped to work — Then she lost her Medicaid disability coverage
  • Who's buying your personal data: Disney, GM, your insurer and bank. Here's what they get
  • DISB ANNOUNCES APPROVED 2027 HEALTH INSURANCE RATES; RIGOROUS REVIEW PROTECTS DC CONSUMERS AND SMALL BUSINESSES
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Insurance Life Is Uncertain Get Life Insurance
  • Judge OKs class action against State Farm over PHL life insurance policies
  • AM Best Assigns Credit Ratings to Lasso Healthcare Insurance Company
  • A-Cap insurers face new takeover push in South Carolina
  • AM Best Affirms Credit Ratings and Assigns National Scale Rating to Allianz Ayudhya General Insurance Public Company Limited
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.