Calif. Makes Wildfire, Energy Bill Push

California lawmakers filed legislation Wednesday to shore up the state’s wildfire utility fund with about $18 billion more in funds, Eliyahu Kamisher and Michelle Ma report.

Contributions would be spread out over the next two decades, with ratepayers and utility shareholders each contributing half the money. The state Legislature now needs to vote on the measure that aims to stabilize utilities’ finances and limit shareholder losses, as lawmakers prepare to adjourn Friday. Calif. Gov. Gavin Newsom, who would need to sign the bill, previously proposed a similar approach. Read More

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