Utility customers set to pay $10.5 billion for California wildfire costs under bill sent to Newsom
SACRAMENTO, Calif. - California lawmakers on Thursday hastily approved complex legislation to overhaul the state's method of paying for utility wildfire damages at the urging of Gov. Gavin Newsom, who has sought to calm Wall Street concerns about liability.
The Assembly sent AB 1054 to the governor's desk with a 63-8 vote, three days after the Senate approved the proposal. Newsom is expected on Friday to sign the bill, which his administration says will create a fund of at least $21 billion that power companies
