Who Will Pay For Damages Caused By Wildfires? The Utility Companies or Us?
By Sharon Franklin. As climate change drastically increases the frequency and severity of wildfires, utility companies say they’re facing growing risk for payouts that could bankrupt them or require massive rate hikes on customers. Across the West, electrical utilities are pushing state lawmakers to grant them legal immunity or limit damage payouts if their equipment sparks a blaze. State legislators in at least eight states over the past few years have passed legislation or have proposed legislation, that would require the utility companies to follow plans to limit their risks