Regulators granted Southern California Edison approval to recover from its ratepayers $207 million in wildfire liability insurance premiums the utility incurred in 2020, but denied its request to collect $7 million for coverage previously allocated to the San Onofre Nuclear Generation Station nondisclosure trust fund.

At its May 18 voting meeting, the California Public Utilities Commission authorized SCE to recover $207 million, or 50 percent, of insurance premiums recorded from July 1, 2020, to Dec. 31, 2020, for the policy period of July 1, 2020 to June 30, 2021. The utility's acquisition of incremental wildfire insurance policies of about $1 billion was "prudent," according to the commission's proposed decision, written by Administrative Law Judge Rajan Mutialu.

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Staff Writer - California Energy Markets

Anne Ernst has been a reporter and editor for about 20 years, working for a variety of publications including a wire service, community weeklies and a daily website.