California approves bill to limit utility liability for wildfires, but not CAISO expansion

“Without fully addressing inverse condemnation, SB 901 still addresses IOU exposure to wildfire damage liability in eight provisions, ClearView Energy Partners LLC noted, including: creating conditions that would allow IOUs to file with the CPUC and recover some costs retroactively (from the 2017 wildfires); establishing a new standard for determining “just and reasonable” costs that…

Southern California Utilities to Pay $775M in San Onofre Closure Deal

“Southern California’s big utilities have reached a settlement that will see them, not customers, shoulder $775 million in final costs for the closure of the San Onofre nuclear power plant. The deal overrides a 2014 agreement masterminded by disgraced California Public Utilities Commission president Michael Peevey. ” Click here to read more from Green Tech…
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