IBEW 1245
  • Main Menu
    ▼
    • Our Union
      ▼
      • New Members
      • Structure
      • Bylaws
      • History
      • Obituaries
      • Our Employers
      • Merchandise
      • Find a Job
      • Update Your Contact Information
    • Unit Meetings & Events
      ▼
      • Events
      • Unit Meetings
    • Agreements
    • Education
      ▼
      • JATC Classes
      • Scholarships
      • Tuition Reimbursement
      • First Aid & CPR Training
    • Update Your Info & Pay Dues Online
    • Contact Us
    • Employer Login
  • News by Topic
    ▼
    • General Union News
    • PG&E News
    • Outside Construction News
    • Nevada News
    • Manufacturing News
    • Public Sector News
    • Vegetation Management News
    • Safety News & Info
  • Quick Links
    ▼
    • Benefits
    • PG&E Contract Section Index
    • Latest News
    • Find Your Rep
    • Unit Meetings
    • Organize
    • Calendar
    • Library
    • Stewards
    • Retirees
    • Community

IBEW1245

The power is in our hands

PAY YOUR DUES ONLINE
NEWS-LOCAL1245

Highlights from California Commission on Catastrophic Wildfire Cost and Recovery Draft Report

May 31, 2019

The California Commission on Catastrophic Wildfire Cost and Recovery created by SB 901 last year issued a Draft Report on May 29.  The key issues addressed:

Inverse condemnation/strict liability:  The draft report states that this policy has “destabilized the state’s energy sector with the largest utilities facing increasing costs of capital and an imminent threat of bankruptcy… SB 901 does not do enough to manage the systemic risk from wildfire to the state’s major utilities.”

Cost recovery: “The financial mechanisms for paying wildfire liabilities associated with utility-caused fires are strained and not sustainable.”  So, “the prudent manager standard for electric utilities must be modified to bring clarity to the cost-recovery process.”

Homeowner issues:  “We must not incentivize risky behavior, including the risks many Californians take by continuing to move into the most fire-prone areas of the WUI; by remaining un-or underinsured; or by neglecting to maintain proper home hardening and fire safety standards.”

Wildfire fund: The Commission recommends a “modest” fund if inverse/strict liability is reformed and a “large” fund if it is not.

The Governor, President Pro Tem of the Senate, and Speaker of the Assembly issued a statement in response saying that they intend to resolve the prudent manager/cost recovery issue along with bridge financing of wildfire costs, while they would continue to explore the issue of inverse condemnation.  They will also focus on a utility culture of safety and on affordability for ratepayers.

  • 1245 News
  • PG&E News
  • Public Sector News
  • Nevada News
  • Vegetation Management News
  • Outside Construction News
  • Manufacturing News
  • Safety News
  • Organizing News
  • Retirees News
  • Community News
  • Industry News
  • Competitive Challenges
  • Contact
  • Privacy Policy
  • Terms of Service

© 2023 IBEW Local 1245 - Responsive WordPress Website by HyperArts