Natural disasters

Santa Rosa escaped flames this year but still bears costs related to the nearby Kincade Fire.

The risk of damage from wildfires is generally more severe than the significant economic and social costs of a shutoff, Moody's says.

Politicians are reacting to public frustration about wildfires and planned electricity outages.

Most of the proceeds will refinance direct placement debt with bonds sold in the public markets.

Climate expert Alan Rubin of Blank Rome LLP discusses resiliency and recovery funding mechanisms, rating agency dynamics and how states and cities can cope effectively. Paul Burton hosts.

PG&E Corp. warns it may orchestrate its biggest planned blackout yet to keep power lines from sparking more blazes.

Bankrupt investor-owned utility PG&E was a factor in many of the bills approved to deal with the state's wildfire risk.

Some of the solutions contemplated to bring the investor-owned utility out of bankruptcy involve tapping the municipal bond market.

All three entities have liquidity available to pay claims before turning to bonds to finance losses, said Moody's Investors Service.

CDBG mitigation is a new program to support communities for events that are likely to occur rather than recovery from events that have already occurred. Some disaster recovery funds have been used in the past for mitigation.