Katie Brigham of CNBC reports on the costs of burying power lines.
- The nation’s largest utility, Pacific Gas & Electric (PG&E), is aiming to move 10,000 miles of transmission lines in fire prone areas underground.
- While this move is expected to reduce wildfire risk by 97% in these areas, it is projected to cost $1.85 million to $6.1 million.
- Since PG&E is a regulated utility, this bill will be footed by consumers instead of the company.
- While an expensive endeavor, it could lower costs in the long term by reducing wildfire risk and damage.
Read the full article here.