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Politicians are reacting to public frustration about wildfires and planned electricity outages.
October 29 -
Most of the proceeds will refinance direct placement debt with bonds sold in the public markets.
October 22 -
Climate expert Alan Rubin of Blank Rome LLP discusses resiliency and recovery funding mechanisms, rating agency dynamics and how states and cities can cope effectively. Paul Burton hosts.
October 15 -
PG&E Corp. warns it may orchestrate its biggest planned blackout yet to keep power lines from sparking more blazes.
October 8 -
Bankrupt investor-owned utility PG&E was a factor in many of the bills approved to deal with the state's wildfire risk.
October 3 -
Some of the solutions contemplated to bring the investor-owned utility out of bankruptcy involve tapping the municipal bond market.
September 12 -
All three entities have liquidity available to pay claims before turning to bonds to finance losses, said Moody's Investors Service.
August 30 -
CDBG mitigation is a new program to support communities for events that are likely to occur rather than recovery from events that have already occurred. Some disaster recovery funds have been used in the past for mitigation.
August 23 -
The bonds sold for Paradise, the town nearly leveled by a 2018 fire, remain at speculative grade.
August 22 -
A new state law established the wildfire fund to provide a financial buffer for claims against utilities.
July 26