California lawmakers approve legislation for $21 bln wildfire fund
California lawmakers
approved legislation on Thursday to create a $21 billion fund to
help utilities in the state pay for claims arising from future
wildfires sparked by their equipment, tackling a top issue for
the state after power provider PG&E Corp filed for bankruptcy in
January expecting more than $30 billion in wildfire liabilities.
approved legislation on Thursday to create a $21 billion fund to
help utilities in the state pay for claims arising from future
wildfires sparked by their equipment, tackling a top issue for
the state after power provider PG&E Corp filed for bankruptcy in
January expecting more than $30 billion in wildfire liabilities.
Posted by Reuters
