Bloomberg Law
Aug. 11, 2021, 2:00 AM

Second-Largest Blaze Ever to Test Limits of California Fund (2)

Mark Chediak
Mark Chediak
Bloomberg News

The multibillion-dollar fund that California established two years ago to keep its utilities from ever going bankrupt again because of a catastrophic wildfire may face its first big test.

The second-largest blaze in the state’s history -- known as the Dixie Fire -- is still raging across Northern California more than three weeks after a PG&E Corp. troubleman discovered a fire at the base of a tree leaning on the utility’s power line near the start of the conflagration. The company said it found no problems with the power line or tree during recent inspections. The cause of the ...

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