Electric customers to pay $9 billion more to state wildfire fund under proposed bill
California electric customers would pay $9 billion more to shore up the state’s wildfire fund under a last-minute deal reached behind closed doors that was…
Gov. Newsom seeks to raise $18 billion to shore up state wildfire fund
Gov. Gavin Newsom is preparing draft legislation that would add an additional $18 billion to a state fund for wildfire victims that officials have warned…
Edison’s plan to pay Eaton fire victims could mean less litigation, less compensation
Southern California Edison’s plans to compensate Eaton fire victims for damage were met with skepticism Thursday from lawyers representing Altadena residents, but drew tentative support…
Edison offers to pay Eaton fire victims for damages, in move to avoid litigation
Seeking to avoid lengthy litigation, Southern California Edison said Wednesday it will offer to compensate Eaton fire victims directly for damages suffered, even though it…
How Wall Street hedge funds are gambling millions on Eaton fire insurance claims
In a high-stakes gamble, Wall Street hedge funds are offering to buy claims that insurers may have against Southern California Edison if the utility is…