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California wildfire liability bill hits utility stocks; PG&E leads decline
MarketWatchLO·US·1 day ago
California's legislature will vote on a bill to expedite compensation for victims of utility-caused wildfires, following rejection of key elements of Governor Newsom's proposal. The move signals a legislative-executive split over wildfire liability and recovery policy. Passage would alter the pace and structure of payouts to survivors, affecting utility cost burdens.
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