California Devastated Utility Proposes $2 Billion Rate Hike To Fund “Wildfire Safety”

Via ZeroHedge

One month after the stock and bonds of troubled California Utility Pacific Gas & Electric cratered after the company hinted of a liquidity crisis as a result of mounting legal obligations following California’s destructive Camp Fire, shocking and infuriating its investors…

https://www.zerohedge.com/sites/default/files/inline-images/PG%26E%20dec%2016.jpg?itok=6Y_ToBLK

… PG&E is now set to reap the ire of its clients as well after a demand for a rate hike of almost $2 billion from customers, saying more than half will go toward wildfire safety.

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