SAN FRANCISCO (Reuters) - California’s legislature passed a bill late on Friday that could help the utility Pacific Gas and Electric Corporation (PG&E) avoid potentially crippling liabilities for wildfires that ravaged northern parts of the San Francisco Bay Area last year.
The bill, passed 29 to 4 in the Senate and 45 to 10 in the Assembly, requires approval by Democrat Governor Jerry Brown.
Some fires in the north of the Bay area were caused by trees toppling into or making contact with PG&E power lines, a report released by state officials in June said. Analysts estimate PG&E, the state’s biggest utility, could face several billions of dollars in liability as a result.
READ MORE HERE
No comments:
Post a Comment