Newsom Seeks $18 Billion for Utilities’ Wildfire Fund as California Faces Future Blazes
Governor Gavin Newsom of California is proposing an $18 billion plan to bolster the state's utilities wildfire fund. This move comes as California faces the prospect of future devastating wildfires. The proposed fund would provide financial support to utility companies that have been impacted by the wildfires, particularly the deadly blazes that occurred in Los Angeles County in January. The fund is at risk of being depleted, and Newsom's plan aims to ensure its sustainability and the ability of utilities to handle the costs associated with wildfires. The proposal is still in the legislative stage, and its details are yet to be finalized. However, the governor's initiative underscores the urgent need to address the growing threat of wildfires in California, which have become increasingly severe due to factors such as climate change and drought.
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