Californians need durable wildfire reform that protects fire survivors, keeps bills affordable and supports critical investments required to make the grid safer and more resilient. The amended Senate Bill 492 does not deliver that reform.
Urgent action is needed to establish a lasting solution that prioritizes the needs of wildfire survivors and stabilizes electricity rates. Instead, SB 492 would not ensure that fire survivors have access to wildfire funds first, would not tackle policies that delay recovery and would not address the stable financing framework utilities need to support California’s climate goals and deliver affordable, reliable electricity in a time of increasing demand.
Southern California Edison will engage with the next governor and legislature to finish the work needed to address the state’s wildfire risk. California’s wildfire policies must evolve with the changing climate. Only comprehensive reform can deliver the support fire survivors need, protect customers and enable SCE to access capital at a reasonable cost to build a safer, more resilient future.
About Southern California Edison
An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
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