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PG&E Expects More Than $6B in Wildfire Costs

SAN FRANCISCO — Pacific Gas & Electric reported substantial losses for the third quarter on Thursday, driven by catastrophic wildfires that have been blamed on the utility's outdated transmission lines. The company anticipates those costs could escalate to...

California’s Pension Debt Cannot Be Ignored

A decade ago, at Gov. Arnold Schwarzenegger’s request, I supervised a graduate student team that performed a comprehensive analysis of public pensions in California. The goal was to calculate California’s pe...