Subject: Re: Operating earnings
"For utilities, there are several issues, but the biggest is certainly the $1.6bn year to date in liability provisions for the 2020 wildfires. The cumulative provision is now $2.4bn... The pessimist may see this as a long term trend of utilities being held liable for third party damages from time to time, meaning it's a permanent hit to the earning power."

Put me down as a pessimist. Wildfire liabilities bankrupted PG&E.