Calif. Funds Wildfire Liabilities Without Punishing Ratepayers - Law360

Calif. Funds Wildfire Liabilities Without Punishing Ratepayers - Law360: A recently enacted California law that sets aside $21 billion to cover future wildfire damage claims and incentivizes safer electric utility infrastructure represents a successful attempt to balance competing interests, while putting wildfire claims funding on a firmer footing, says Allan Marks of Milbank.