23 Aug, 23

Edison Seeks To Recoup The $2.4 Billion It Spent On California Wildfire Lawsuits

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Southern California Edison has asked the state utility regulator to allow it to recover the $2.4 billion it spent on lawsuits over a 2017 wildfire from customers through higher rates over the next three decades.    Southern California Edison filed with the California Public Utilities Commission on Tuesday the request to be able to recover $2.4 billion it had spent on lawsuits and $65 million on reconstruction costs from its customers, Bloomberg reported on Wednesday.   The higher rates would be spread over a period of 30 years, according…

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