This California utility has lost more than $3.3 billion in market value from wildfires
California utilities including Southern California Edison (SCE), PG&E, and San Diego Gas & Electric (SDG&E), have all been questioned for causing California fires within the past ten years. Recent fires have cost SCE & PG&E more than $11 billion in market value within approximately two months, according to this article. With the years of drought and constant construction in more areas to manage, monitoring infrastructure and being accountable for more and more assets presents extreme challenges for these California utilities.
No discussions yet. Start a discussion below.