California governor proposes a $21 billion wildfire fund Unlisted Video
4 years ago
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Gavin Newsom
San Diego Gas&Electric
Financial District
San Francisco
Pacific Gas And Electric Company
Jerry Brown
Governor Gavin Newsom
San Diego Gas & Electric
Gene Blevins
According to Reuters, California Governor Gavin Newsom has proposed helping utilities create a fund of up to $21 billion to compensate future victims of wildfires sparked by the companies’ equipment or employees. The proposal by the governor follows the bankruptcy filing earlier this year of by utility company PG&E Corp. Newsom has proposed the $21 billion fund to compensate wildfire victims in blazes tied to utilities, such as when a downed power line sparks a blaze
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