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SCE says investors need bigger profits because of fire risks

Los Angeles Times

By Sammy Roth

Tyson Slocum, who leads the energy program at the national consumer advocacy group Public Citizen, said he plans to file a formal objection to Edison’s request for a 17% return. The proposal shifts too much of the financial risk of wildfires from Edison’s shareholders to its ratepayers, he said. “It’s enormously generous financially for what is designed as a monopolistic investment endeavor,” Slocum said. “I think we’ve got to find another type of policy mechanism to deal with the liability issue.”

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