The cities of Ventura and Malibu announced Wednesday settlements with Southern California Edison to settle lawsuits over the destructive and deadly Thomas and Woolsey fires sparked by its equipment during the last two years.
In total, the utility has agreed to pay a total of $360 million to reimburse counties, cities and other public agencies for firefighting costs and repairing damage from two of the worst blazes in the region's history. The figure will not fully repay taxpayer costs, but it will help pay the bills to rebuild roads, other infrastructure and clean up debris, among other things.
The city of Malibu reached a $13.7 million settlement with SCE for damages sustained during the Woolsey Fire which ripped through the city one year ago.