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The City of Thousand Oaks announces $3.4 Million settlement with Southern California Edison for Woolsey Wildfire claims

Post Date:11/13/2019 1:16 PM

CONTACT:               Andrew Powers, apowers@toaks.org; 805.449.2148

                                    Melissa Hurtado, mhurtado@toaks.org; 805.449.2117

The City of Thousand Oaks announces $3.4 Million settlement with Southern California Edison for Woolsey Wildfire claims

Today, the City of Thousand Oaks announces a $3.4 Million settlement with Southern California Edison to resolve the legal damages asserted against Southern California Edison and its parent company for injuries suffered as a result of the Woolsey Fire.

Damages included lost taxpayer resources such as lost revenues, lost property, increased expenditures, and lost community assets such as environmental and recreational resources, and government infrastructure. Certain monies from the settlement will be set aside for subrogation and reimbursement to the Federal Emergency Management Agency and the California Office of Emergency Services.

The City’s settlement is part of a larger $360 Million settlement for a group of 23 public entities related to the Woolsey and Thomas Wildfires, but does not affect the claims of residents, individuals, or businesses affected by the fires.

“The City of Thousand Oaks suffered taxpayer losses after the 2018 Woolsey Fire,” said City Manager Andrew Powers.  “This money will replenish taxpayer resources to help replace the City’s losses.  We look forward to working with SCE to tackle common challenges facing our community.”

The City of Thousand Oaks was represented by City Attorney Tracy Noonan and Assistant City Attorney Felicia Liberman, and by outside counsel, Baron & Budd attorneys Scott Summy, John Fiske, Torri Sherlin, and Stephen Johnston, who represent 45 public entities in wildfire settlements statewide.

 

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