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How should utilities spend your money? A debate rages


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This is the May 13, 2021, edition of Boiling Point, a weekly newsletter about climate change and the environment in California and the American West. Sign up here to get it in your inbox.
Unless you’re an energy nerd like me, you probably don’t spend much time thinking about how utilities spend the money you pay them each month. You used a bunch of electricity or natural gas, and that’s what you’re getting charged for. Right?
Not quite! In addition to fuel costs, you’re also paying for repairs to old power plants, construction of electric wires and gas pipes, subsidies for energy-saving lightbulbs, discounts for low-income households, shareholder profit margins of about 10%. ....

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SCE settles 2018 wildfire insurance claims for $2.2B, faces potential fines over energy efficiency program


Dive Brief:
Southern California Edison has agreed to pay $2.2 billion to resolve subrogation claims filed by insurance companies related to the 2018 Woolsey Fire, which burned nearly 100,000 acres and caused three fatalities in Southern California, the utility announced Monday.
The latest settlement is another significant step toward resolving pending wildfire-related litigation, parent company Edison International s President and CEO Pedro Pizarro said in a statement. SCE has now resolved all subrogation claims related to the 2017 and 2018 fires and mudslides, and continues to explore reasonable settlement opportunities with other parties, Pizarro added.
The utility is simultaneously facing criticism for its management of its upstream lighting program, which offered manufacturer rebates to promote energy-efficient lightbulbs, prompting the agency s Public Advocates Office (Cal Advocates) to recommend financial penalties of $140 million. ....

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