LA Utility's Wildfire Liability Tied to Equipment's Role in Palisades Fire, Says Moody's
2025-01-17
Reuters
The Los Angeles Department of Water and Power's (LADWP) potential liability for the devastating Palisades Fire is contingent on the role of its power lines or assets in sparking the blaze, according to Moody's assessment. As investigators probe the cause of the wildfire, the utility's equipment is under scrutiny. The incident highlights the importance of wildfire prevention and mitigation measures, including grid resilience and infrastructure updates. With climate change exacerbating wildfire risks, utilities are under pressure to enhance their systems and protocols, making grid modernization and renewable energy integration crucial for reducing liabilities and ensuring public safety.