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Playing with wildfire: California lawmakers outline utility liabilities in new report
Utility Dive: As the clock ticks on the Californian legislation, the Wildfire Preparedness and Response Conference Committee signaled that lawmakers are ready to back a proposal allowing IOUs to issue recovery bonds and pay off the debt from wildfire damages more gradually, with help from ratepayers.
The funding mechanism would serve to "avoid rate spikes and excessive utility bills" while allowing the CPUC to approve utilities to recover authorized fire-related costs.
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