ADMany investors still see PG&E’s troubles as unique to the northern California utility. ADBut experts warn that climate change will impose sooner, greater and more widespread costs in the future — and not just in California. ADNewsom wants PG&E to harden its infrastructure in the next five to ten years. The state’s sobering climate change assessment predicts a 77 percent increase by 2100 of areas burned by wildfires. ADThe state created a $21 billion emergency fund, half provided by three big California utilities, to cover the costs of anticipated catastrophes.

Source: Washington Post December 22, 2019 01:18 UTC