Texas wildfires follow Warren Buffett’s warning about the ‘specter of zero profitability’ looming over utilities—and not just in California

Texas wildfires follow Warren Buffett’s warning about the ‘specter of zero profitability’ looming over utilities—and not just in California

Two days after Buffett’s warning, the Smokehouse Creek Fire erupted in the Texas Panhandle and quickly raged out of control.

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