AB 1054
California Gov. Gavin Newsom is promoting legislation that would add billions to California’s wildfire fund.
Western lawmakers have advanced efforts to provide the power industry with more guidance amid increased wildfire risk, panelists discussed during a joint CREPC-WIRAB conference.
A California wildfire fund created by state lawmakers in 2019 could serve as a model for a similar nationwide fund, speakers said during a webinar hosted by Americans for a Clean Energy Grid.
Attorneys in the PG&E (NYSE:PCG) bankruptcy case sparred over the merits of their competing reorganization proposals, taking potshots at each other’s plans.
PG&E Corp. [NYSCE:PCG] filed a reorganization plan in U.S. Bankruptcy Court that includes $16.9 billion to pay for wildfire claims.
PG&E is hoping the California legislature will approve a bill providing up to $20 billion in bonds to help the company pay its debts to wildfire victims.
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