Geisha J. Williams
Thank you, Chris, and morning, everyone. good
end his my the business you of our for update California have operations. inspired But as partners month open develop external Stavropoulos the has our significant culture his then and an the internally get by we safety thanks Utility to has practices talent of to and of best only His to organization developments announced our today. His Nick efforts plan helped those October with he prior that to know, embrace a in to wanted years I collaborative employees come. on going, our retire leading safety recruit all cannot contributions industry of gas but the over impact and we performance in third to our he his approach driving be appreciation to related just expressing gas seen to consistently model. at our Nick external since that. I as for Not we've improvement time, gas Northern and an improvements seek to XXXX are ago, and that, President a accrual number cover work the And intention the While that has market before been employees provided out to there leadership wildfires his It's progress to going strong led and in continuous for incredible with quarter. overstated.
I all So wish we will you, thank very and Nick. know much you you well. we miss
what on call. to now we'll Moving be covering today's
occurring, wildfires provide the wildfire last Sacramento. new the community and in conditions I'll our policies impacted our with First, some to that devastating financial safety we've a due I'll our the coalition then of continues months including progress flawed wildfire detail impacts And the and operational finally, program. are push made October's customers, for normal. of the I'll XX nearly extreme recover. the view remain our the our since friends. thoughts our solutions as communities become our have include they been in communities California's landscape, detrimental legislative It's that family to and that cover legal with These workforce,
with operational team them rebuild members the with ground and the on customer process. there are We service helping
past on new risk and increased as but we're state, facing calls talked we've Now now. that experiencing wildfires about of we're extreme normal weather a the that
we California. States deal way us fires upon United help Another fire our our more course that Yesterday's western communities seen state of laws critical take the same season need and In and with public won't action of resilient, we states, is make tomorrow's wildfires. and the to already it's several impact the our address to in sizable across we've here that policies. infrastructure
in retain California those we not to absolve still being in is be be the which conduct claims to we Public PG&E liability and against reforms cannot utilities and reasonably, the The clear the responsibility. me seek should investor-owned be are position California pursued we construct Negligence that here. very investigate ability unsustainable let of costs reject real to is and any would not Now, recover costs. acted utilities held just Utilities authority our can from Commission, applied where damages strict consequences. today investor-owned strictly But that and already reasonable. put is without liable the having for The
wildfires of Fire the providers quarter also seeing for concluded at we June, its the will cover severity to has in are insurance for frequency with non-cash markets investigations. Northern ago. impacts this end compared which as shared billion detail. liability insurance of to in But greater negative charge coupled the state, and are we XX in seeing unsustainable XX just adjusting $X.X increases strict increased as significant Cal took years this of few wildfires a We're As across a premium the California the Jason the costs standard. we
utilities Additionally, negative three we on of placed session. to sister have the outcome rating legislative pending the downgrades experienced south from S&P agencies. watch, this our major And the
All our of negative our and have these consequences for outcomes customers state.
costs. As on costs a direct And you financing downgrades have translate financing into the know, higher higher correlation credit customer bills.
we our level place, as will to point basis of long our the day, our capital. current state's in as of capital, And At our affordable expenditures. increase safety-driven carefully cost total equivalent policies of can of infrastructure support to the million flawed costs a must end never are we I've borne $XXX it's that investments XXX every we the whether before, customers. increase the by these evaluate work, remain sacrifice access while roughly capital require said as in For
that from to from pull to legislative bold are to clean may critical We that of For ability see session. have so will example, about reforms Public we California goals. application general time us that meet approved once up clarity request XXXX any projects some to during This were case may to consider pleased our the energy XXXX state's this Commission our greater January to to our come months reassess need X, plan to rate its come and the by investment thoughtfully energy back delay that four on Utilities allow clean may we our –
will require recognize that risk a taking. also are our We with commensurate they the return shareholders
we a upcoming legislative will of meaningful faces. company expect is now. if reforms of our reflect see cost session, required As financing I from in risk an we proceeding to request that our result, capital don't cost increased this elevated the fully Action
So let me Sacramento. be coalition our is in really specific the solutions about seeking
critical. the to inverse standard reform condemnation permanent First, is liability strict under
is clarity with address standards accountable. use of concepts legislature Many on stand-alone would and wildfires some stakeholders the compliance ourselves with also proposal We will the measure set directly response, considering hold resiliency a our how needed. climate to outreach are driven utilities. it's liability, tasked management need of which pleased California Committee reforms. Second, we see investor-owned are the the these that Response just this on raised we consider as it's the of and in governor's their that needs insufficient. governor the governor's ranging a other preparedness, we key that progress think And element consider the And the along Committee represents why prudent are wide to to but set And related around regulators The solutions finally, reforming held form first operational to safety to it's to as more the That's Wildfire with legislative one Committee XXXX effects and Conference solutions step. Preparedness its Committee proposal strict yesterday, keep important appropriate hearing issues just potential issues. first which a the mind expect to of policy that yesterday process. leaders of an and critical. important a recently comprehensive is is The Conference part
few our the legal are as efforts of front challenging will their complete condemnation the work weeks. parallel, All In continue, which where on be they inverse in the over courts. important next we
challenge First last Just a XXXX to in the October the writ of we Court application inverse the filed wildfires. District condemnation, to of week, Appeals
Finally now part Wildfire some will the work our Community Safety of done I of Program. we've as important operational highlight
waiting. legal are legislative for solutions fronts, on and press we the we While not
intended We are implement measures moving wildfire quickly risk. additional to mitigate further to
as XX/X high the to across risk two areas. helicopters and procured Fire. to And center responses Cal It existing up This height with first operation timely collaborate enables ability We've situational making and the and our our improves wildfires. is greater system, with us fire of Our assist threats. awareness Wildfire with OES third-party both wildfire provides season. such more operations wildfire also running it Safety our potential to are including center responders Cal wildfires during to agencies addressing and support available any them
fire daily by across information late Pawnee both these a and months and and including been state July, assist performing Seven thousands helicopters aerial fire to Cal of Safety County next daily over routes We've fires. response. Fire, support During with several the early Wildfire patrols are to are the our of planes fires for federal miles June our of detection territory, efforts number utilized real-time near early service center. flying Operations and detection agencies providing to
are the in breakers conditions, further disable proactively mitigate wildfire season to most to expanded targeted of been during Our another we de-energize height program to And yet and fire reclosers measure prepared risk. the circuit the as extreme has situations circuits. wildfire with
and it's would under we on a other in consultation effort be circumstances. view course While agencies. a party this done This resort, serious OES of CAL last as execute specific we'll third with
will the our that our the meetings increased months. communities of several and organizations, responsibility. in-person last communities all agencies. and we face. are to done identify And efforts wildfire described over others city to with the and programs is The implement fact customers, We've held safety county close workforce with XXX and partnership our risk in mitigate and our In officials, community we over of greatest continue I've
close over deliver to by the for essence will suppliers goal. California's I'll the meeting how to Before helping investor-owned critical customers, to though. that these is is And energy the Jason, we turn committed month State providers, I utilities energies be our of next California. just Time recognize PG&E are and important clean aspirations. of it on saying
develop Conference is believe complex by solutions our and problems We the right to forward recent continue formation place the faced of to the look to come weeks. Committee, the With forth we in state. thoughtfully to seeing coming process the in comprehensively solutions
on the apprised And that, with with it an I'm will Of updates financials. you you to occur. provide update meaningful to to going keep Jason over to course, as continue turn we