Southern California Edison lays out $925 million plan to rebuild after LA wildfires

Southern California Edison lays out $925 million plan to rebuild after LA wildfires

(Reuters) -Southern California Edison (SCE), a subsidiary of utility Edison International, said on Friday it had submitted an initial plan to rebuild the areas within its service territory that were devastated by the Los Angeles wildfires in January.

$925 million plan to rebuild Los Angeles after fires: What is providedSouthern California Edison presented a plan to rebuild Los Angeles after the January fires. It includes the construction of underground power lines in Altadena and Malibu.

SCE Tells Gov It Needs Up To $925 Million From Ratepayers To Underground Lines In Malibu and Altadena – 99.1 KBUU is RadioMalibu.Net

It will cost Southern California Edison ratepayers between $850 million and $925 million to underground 90 miles of lines in Malibu, plus 40 miles in Altadena, the company announced Friday. The company released a letter it has sent to California Gov. Gavin Newsom, a letter that did not mention that the company is guaranteed a profit of 11 percent on that pass-through expense. And it will be up to local ratepayers to pay to underground their line…