Credit ratings agency downgrades SDG&E and other California utilities over wildfire concerns

“San Diego Gas & Electric received a downgrade this month from one of the nation’s top credit ratings agencies but SDG&E was not alone, as California’s two other investor-owned utilities — Southern California Edison and Pacific Gas & Electric — also got nicked.

Moody’s Investors Service cited the same reason in all three cases — concerns over financial liabilities utilities face due to the increasing volume and intensity of wildfires in the Golden State.”

Click here to read more from San Diego Tribune.

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