Regulators: Utility shareholders to pay $379M in fire costs
SAN FRANCISCO (AP) — The California Public Utilities Commissions has voted to have San Diego utility shareholders, not ratepayers pay $379 million in costs from three 2007 deadly blazes ignited by power lines.
Regulators on Thursday voted unanimously to uphold an August decision by two administrative law judges that concluded that San Diego Gas & Electric did not act reasonably in managing its equipment and thus could not pass along costs to ratepayers.
Cal Fire and PUC investigators concluded that three October 2007 blazes in San Diego County were caused by San Diego Gas & Electric’s electrified wires.
The three fires destroyed more than 1,300 homes, killed two people and injured 40 firefighters.