Wildfire
-
The fire grew to 10,000 acres within the first two hours and now threatens around 5,420 structures. -
The estimated containment date for the fire is 17 August, according to the US Forest Service.
-
The blaze started on Friday and had spread to over 20,000 acres by Monday morning.
-
The California utility said it is still pursuing additional limit.
-
The utility spent 13% more to secure its insurance but cut back third-party cover to $870mn.
-
The utility company emerged from Chapter 11 earlier this month following an $11bn settlement with insurers.
-
The estimate marks a 19 percent deterioration on a February forecast.
-
The interim CEO said this marks a new era for the utility firm.
-
The deal settled at the low end of the revised spread guidance.
-
The firm has narrowed its price guidance range, suggesting a higher multiple.
-
The utility expects to emerge from Chapter 11 in July after a bankruptcy court approves its settlement.
-
The deal will add to $125mn of ILS cover that the electricity provider has from an earlier transaction.
