State OKs Edison rate hike for 2017 wildfire sparked by its equipment

The California Public Utilities Commission voted to allow Southern California Edison to raise electric rates to cover payments made to victims of the 2017 Thomas wildfire, which was sparked by the utility’s equipment. Despite public opposition, the commission approved the rate hike, with customers covering $1.6 billion of the $2.7 billion paid to victims. Edison plans to spread the cost over 30 years to minimize the impact on customers.

Full Article