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Wednesday, July 25, 2018

California Gov. asks lawmakers to address inverse condemnation

California Governor Jerry Brown has asked lawmakers to address inverse condemnation, indicating that utilities shouldn’t be responsible for future wildfire damages without weighing whether they acted “reasonably,” Bloomberg reports. The governor said that the proposal wouldn’t affect the billions of dollars in potential liabilities for utilities such as PG&E (PCG), Edison (EIX), and Sempra (SRE) for fires in 2017, though the move is a win for PG&E, which has been lobbying to change state policies that presently hold utilities responsible for the costs of wildfires that their equipment ignite, even if they weren’t negligent, the report says
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