Wildfires, and wildfire risks, are rising in Nevada, increasing financial exposures for utilities.
NV Energy, the state’s largest utility, has proposed a $500 million insurance plan, funded in part by ratepayers, to help manage potential liabilities if its equipment is found to have caused a fire.
E&E News by POLITICO explores the proposal, and its broader implications, in an article entitled “Nevada utility seeks ratepayer funds for wildfire insurance.”
CRA’s Energy vice president, Andrew Dressel, is featured in the article, highlighting how rising insurance costs and shrinking coverage for utility companies could ultimately worsen affordability pressures for consumers.
Read the full article from E&E News here.
