Multibillion-Dollar Wildfire Fund Approved by California Lawmakers


Manage episode 237983571 series 2097742
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State lawmakers on Thursday approved a multi-billion dollar fund aimed at reforming the way utilities and the state cover the cost of future wildfires. The approval of AB 1054 creates a $21 billion fund to pay for damages linked to fires caused by utility equipment. Proponents of the bill say it limits rate increases while adding safety restrictions. But critics argue it shifts the burden of proving a utility's negligence onto victims. We discuss the measure, which Governor Newsom is expected to sign on Friday.

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