Opinion: Wildfires and energy, will California get it right?

“Building and maintaining infrastructure is not easy which is why states have been “hardening” their infrastructure to withstand weather related events like hurricanes, earthquakes and wildfires. Often times these costs are shifted back onto customers. California lawmakers should be applauded for moving forward with ratepayer protection bonds. These revenue bonds, also known as securitization, will allow the utilities to lessen the cost of financing liabilities that are going to be passed onto ratepayers in the state. The securitization language was revised several times in recent weeks and the final version is a sensible proposal that can help alleviate lawmakers’ concerns about pushing additional costs onto ratepayers.”

Click here to read more from Forbes.

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