1stRambo
Gold Member
- Feb 8, 2015
- 6,221
- 1,019
- 255
Yo, no worry, let the slaves pay for it!!! Might see another Exodus from Commie State, then they will really have Financial Hell!!!
California Passes Bill to Rescue Utility Facing Fire Costs
Legislation would allow PG&E, others to pass liability costs from wildfires to ratepayers
By
Erin Ailworth and
Sara Randazzo
Updated Sept. 1, 2018 3:47 a.m. ET
California Gov. Jerry Brown is expected to sign the bill, a measure addressing a broad array of wildfire-related issues. It cleared both houses of the California legislature in the final hours of its regular session Friday night, passing the Assembly on a 45-11 vote, and the Senate on a 29-4 vote.
Sen. Bill Dodd, a Democrat from Napa who authored the bill, argued that it would shield utility ratepayers from potentially higher costs that could come if a utility declares bankruptcy.
Sen. Jerry Hill, a Democrat from San Mateo, disagreed, saying ratepayers should not be charged extra for what he saw as mismanagement by PG&E.
“Why are we rushing to bail out PG&E with its history of cutting safety as a business decision?” he said. “Did taxpayers bail out BP after the Gulf oil spill? No.”
PG&E earlier this week applauded the cost-recovery provisions, saying, “this issue is critical to our customers, the state and PG&E.”
www.wsj.com/articles/california-passes-bill-to-rescue-utility-facing-fire-costs-1535783276
"GTP"
California Passes Bill to Rescue Utility Facing Fire Costs
Legislation would allow PG&E, others to pass liability costs from wildfires to ratepayers
By
Erin Ailworth and
Sara Randazzo
Updated Sept. 1, 2018 3:47 a.m. ET
California Gov. Jerry Brown is expected to sign the bill, a measure addressing a broad array of wildfire-related issues. It cleared both houses of the California legislature in the final hours of its regular session Friday night, passing the Assembly on a 45-11 vote, and the Senate on a 29-4 vote.
Sen. Bill Dodd, a Democrat from Napa who authored the bill, argued that it would shield utility ratepayers from potentially higher costs that could come if a utility declares bankruptcy.
Sen. Jerry Hill, a Democrat from San Mateo, disagreed, saying ratepayers should not be charged extra for what he saw as mismanagement by PG&E.
“Why are we rushing to bail out PG&E with its history of cutting safety as a business decision?” he said. “Did taxpayers bail out BP after the Gulf oil spill? No.”
PG&E earlier this week applauded the cost-recovery provisions, saying, “this issue is critical to our customers, the state and PG&E.”
www.wsj.com/articles/california-passes-bill-to-rescue-utility-facing-fire-costs-1535783276
"GTP"
![TAKE_THE_MONEY_AND_RUN_MONOPOLY.jpg](https://images.bonanzastatic.com/afu/images/1560/1288/93/TAKE_THE_MONEY_AND_RUN_MONOPOLY.jpg)