Newsom’s Wildfire Bailout Plan | California News

Governor Newsom is racing to pass a last-minute legislative package designed to shield utility companies from crippling wildfire costs, a move that’s sparking fierce backlash. The proposal, born from fears of repeating the 2019 PG&E bankruptcy crisis, aims to cap payouts — but critics warn it could shortchange victims, underfund local recovery, and hike insurance premiums. Amid rising fire risks fueled by climate change and recent tragedies like the deadly Eaton Fire, Newsom insists the plan is necessary to avoid a worse outcome — even as lawmakers clash and survivors demand more transparency. The clock is ticking, and the final deal remains uncertain. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/46a969d88e04adbf