CPUC to SDG&E:
Ratepayers Won’t Cover Your Losses
In the final resolution to the 2007 wildfires and the associated $379 million in uninsured losses SDG&E tried to pass on to us, today (November 30) the CPUC issued their ruling: No, that’s a shareholder expense, not to be passed on to the ratepayers.
This means you will not be paying an extra $1.67 per month, on average, for 6 years (total $120) to help out SDG&E shareholders.
It’s hard to believe these fires took place a decade ago in October of 2007. Back then it seemed much of SoCal was on fire, a total of 30 separate outbreaks with 8 of those (2 especially large) in San Diego County. The county lost over 2,800 buildings, including over 2,000 homes; a half million people were evacuated; three people died. Many fingers were pointed at power line failures as having started some of the fires.
In the aftermath SDG&E exhausted their insurance coverage and came to the CPUC for relief, paid for by all of us. They argued the losses were not their fault, rather, that wind conditions exceeded all past experience. UCAN’s expert testimony was cited in the decision for, essentially, obliterating SDG&E’s arguments that the winds were unprecedented.
THIS IS A HUGE WIN FOR ALL SAN DIEGO COUNTY RATEPAYERS!
We are extremely proud of the role UCAN played in this.