Newsom’s Wildfire Deal and Who Pays | Mobile News

Governor Newsom is racing to finalize a controversial deal that would shield utility companies from massive wildfire payout liabilities, as California’s fire costs soar and the state’s $21 billion wildfire fund nears collapse. The plan aims to stabilize electricity rates and speed up victim compensation—but critics argue it shifts burdens onto insurance companies and victims, while utility CEOs could lose bonuses and shareholders face fines for negligence. With the legislative session ending soon, this proposal may define Newsom’s legacy as he confronts escalating climate-driven wildfires and the question of who truly pays the price. 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/4293df95279c4644