FRESNO, Calif. (KMJ) — Gov. Gavin Newsom proposed a $24 billion package Friday, in an effort to cover the costs of future wildfires in California.
Newsom’s plan includes the creation of a $21 billion fund, as well as a requirement that PG&E, So Cal Edison, and San Diego Gas and Electric pay $3 billion into an “insurance fund.”
However, consumer advocacy groups are already expressing skepticism, as ratepayers will likely continue to bear the costs of utilities’ liabilities.
Aaron Abeytia anchors afternoon newscasts on News/Talk 580 & 105.9 KMJ. Read More…
Copyright © 2018 Cumulus Media. All Rights Reserved.
