California Gov. Gavin Newsom has signed into law legislation creating a user-backed fund to help utilities pay for damage caused by wildfires, after blazes sparked by faulty electric utility lines and equipment caused extensive damage to commercial and residential properties in the state during the past year.
California Enacts Laws Targeting Property and Other Wildfire Cost Mitigation
Customers Including Commercial Users to Pay Into $21 Billion Fund for Utility Liabilities
By Lou Hirsh
CoStar News
July 15, 2019 | 1:48 P.M.
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