Gov. Gavin Newsom is proposing a multibillion-dollar wildfire fund to help California’s utilities cover mounting fire-related liability costs that have threatened their financial health.
The fund is part of a
California Gov. Gavin Newsom’s “strike force” on utilities and wildfires Friday called for the state to limit the liability that utilities face when their equipment sparks destructive blazes, while reforming
PG&E Corp’s announcement that it will file for bankruptcy, citing massive potential liability from deadly wildfires, puts California politicians in quandary, whether to offer a bailout or risk allowing the