California wildfires
Edison International has joined other California utilities in protesting difficulties with cost recovery related to devastating wildfires.
Pacific Gas and Electric CEO Geisha Williams said that the utility will fight for the right to recover costs stemming from California wildfires.
California regulators have approved new measures aimed at the prevention of wildfires, as utilities face growing scrutiny.
Utilities are at the epicenter of public battles between the California PUC and its critics over wildfires, public safety and ethics.
The Top 30 saw improved profits in Q3 over 2016, but revenues fell, and more than half of the companies saw their top and bottom lines shrink.
Utilities are dealing with several wildfire-related proceedings at the California Public Utilities Commission, which is exploring taking a larger role.
Pacific Gas and Electric (PG&E) earnings jumped 42% to $550 million during the third quarter ($1.07/share), boosted in large part by reduced expenses.
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