Pimco Warns LA City Utility Faces Steep Liabilities After Fires
The Los Angeles Department of Water and Power (LADWP) is grappling with the looming threat of substantial financial liabilities following its response to the devastating Palisades Fire.According to a report by Pacific Investment Management Co. (Pimco), the utility’s handling of the crisis could lead to important financial repercussions, perhaps impacting its $19 billion in outstanding … Read more