Woolsey Fire in Gully 0224

The Woolsey Fire burned nearly 97,000 acres in 2018. Southern California Edison was not criminally charged for the role its equipment played in the blaze, which killed three people.

Southern California Edison received approval to issue recovery bonds of more than $772 million to fund wildfire hardening and related costs.

The financing order approved by the California Public Utilities Commission on Feb. 23 allows SCE, in its third application, a total recovery of about $730 million in capital expenditures and about $42 million in related financing costs. Principal, interest and related costs will be recovered through the fixed recovery charge by all "existing and future" SCE electricity customers, except for those enrolled in the California Alternate Rates for Energy or Family Electric Rate Assistance programs.

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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.