Exclusive: Newsom proposes adding $18B—paid by ratepayers and utilities—to a wildfire fund designed to help PG&E, SoCal Edison, & SDGE avoid bankruptcy due to fire liabilities. Reporting w/ @mchediak.bsky.social www.bloomberg.com/news/article...
bloomberg.com
Newsom Seeks $18 Billion for Utilities’ Wildfire Fund as California Faces Future Blazes
California Governor Gavin Newsom is circulating a legislative proposal to shore up a state fund for utilities that’s at risk of being depleted following the deadly wildfires that struck Los Angeles Co...