Following California’s devastating Camp Fire in late 2018 and PG&E’s resulting filing for bankruptcy some months later, Gabe Grosberg, Senior Director and North America Regulated Utilities Sector Lead at S&P Global Ratings, comments on what could lie ahead for California’s other investment grade-utilities for Utility Dive.
“Pressure on the state’s utilities isn’t over,” warns Grosberg. “In the absence of regulatory change, it’s possible that another electric utility could face trouble during the 2019 wildfire season. And, depending on the magnitude and severity of the repercussions, the boards of other California utilities could file for voluntary bankruptcy before year-end 2019.”
The full article can be found here.