1Mon
Nice dividend and nice title but what happened last week that it dropped that hard?
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1Mon
Failure of Wildfire Liability Reform: The California State Legislature closed its session without passing key protections for investor-owned utilities. Lawmakers amended Senate Bill 492 and blocked proposals (such as those championed by Governor Newsom) that would have restricted insurers from suing utilities for wildfire-related losses or capped utility liabilities.
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1Mon
@Schneider So, did they lose some equipment there and have to write it off, or what? How much is the loss?
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1Mon
@Keineui This concerns forest fires caused by power lines. For a long time, these were covered by insurance due to pressure from the government. Now, insurance companies can sue to recover the costs.
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•1Mon
@Keineui So, which language would you like it in now? 😅 There are even more factors at play here—looming liabilities in the billions, downgrades by analysts, and so on.
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1Mon
@Schneider Haha, sorry about earlier—for some reason, I wrote that in English. But it sounds like a good title; I'll take a closer look at it.
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