 California utilities, community choice aggregators and renewable developers are not expected to see a hit to their credit ratings due to ongoing wildfires and recent rolling blackouts, but a “potential decline” in ratepayers coupled with increased costs “could pressure utility cash flows in the longer term,” credit ratings agency Fitch said Aug. 27. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In a report titled “California Wildfires, Blackouts Highlight Utility Operating Risk,” Fitch analysts said the occurrence of these two events simultaneously, although unrelated, underscores the “challenging utility operating environment in a state prone to natural disasters,” which is already incorporated in their credit ratings. However, Fitch said that wildfires that are currently burning thousands of acres of the state’s land, in concert […]