Commentary: California needs a big pot of money for wildfires. But how big? And who pays?

  • Source: Los Angeles Times - Metered Site
  • Published: 06/17/2019 09:47 AM

California leaders are calling for a giant pot of money to help electricity providers pay for wildfires, a critical move to head off another utility bankruptcy and prevent Wall Street from downgrading the state’s utilities again. But it could prove difficult to achieve in Sacramento this year. With a deadline to take action just weeks away, lawmakers and the governor haven’t settled controversial issues regarding the so-called wildfire fund: How much money does the state need and what portion of that will come out of the pockets of electricity customers? Lawmakers are looking to Gov. Gavin Newsom to take the lead and provide answers to one of California’s most high-stakes problems. His response could define his early administration.



Comments

We welcome comments from registered users. Comments are solely the responsibility of those who post them; their viewpoints are not endorsed by the Daily Dispatch and DailyDispatch.com. (read more)
Highlight
ship name
no comments have been added


FREE QUICK SUBSCRIBE
Sign up to subscribe to custom state Daily Dispatch emails for free

click to subscribe