California Governor’s Wildfire Plan Stops Short of Backing Utility Liability Reform

By [email protected] California Governor Gavin Newsom last week released a long-awaited report on California’s policy options to reduce the risk of utility-caused wildfires, and wildfire-caused utility bankruptcies like Pacific Gas & Electric’s.

The report laid out a slew of recommendations, from massive changes in forest management and land use to major utility regulatory and safety reform, for state lawmakers and regulators to consider in the crucial months before the start of the 2019 fire season.

But it stopped short of endorsing a step that Wall Street, credit ratings agencies, and California utilities themselves have been seeking — and which may be the surest

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