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PG&E bid to securitize $7.5B in wildfire costs could hit ratepayers hard, consumer advocates warn - Climate Impact Capital PG&E bid to securitize $7.5B in wildfire costs could hit ratepayers hard, consumer advocates warn - Climate Impact Capital

“If there is a shortfall, that means that PG&E’s customers will be forced to pay higher rates to fund PG&E’s wildfire liabilities. Another word for that is bailout,” said Tom Long, legal director at The Utility Reform Network.