Dive Summary:
- State utility regulators have denied a request by San Diego Gas & Electric (SDG&E) to recover $600 million in uninsured 2007 wildfire costs from its customers.
- SDG&E said it would still try to recover wildfire costs from ratepayers through other regulatory means, one of which is an existing application process tailored to catastrophic events.
- The three wildfires in October of 2007 that SDG&E is attempting to recover damages from destroyed more than 1,300 homes and killed two people.
From the article:
State utility regulators have rebuffed a request by SDG&E to recover uninsured 2007 wildfire costs from utility customers through a streamlined review process, but the utility can still seek recovery through separate proceedings.
In separate recommendations issued Monday night, two officials overseeing the case said SDG&E should apply to recover uninsured wildfire costs expected to exceed $600 million through an existing application process tailored to catastrophic events. ...