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BUSINESSBloomberg Markets·11h ago

Edison CEO Warns Wildfire Impasse Risks Higher Customer Bills

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AI TLDR · GEMINI

Southern California Edison's parent company warns that customers could face hundreds of millions in additional costs. This follows the state's failure to pass wildfire legislation, which risks a credit rating downgrade for the utility.

Southern California Edison customers face hundreds of millions of dollars in additional costs if the utility’s credit rating is downgraded to junk after California failed to pass wildfire legislation, according to the head of the utility’s parent company.

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