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Calif. Gov. Signs Wildfire Bills, Limiting PG&E Liability

Law360 (September 21, 2018, 8:20 PM EDT) -- California Gov. Jerry Brown signed a package of bills Friday that aims to help the state prevent and recover from catastrophic wildfires, including a controversial bill that critics call a bailout for Pacific Gas and Electric Co. but that its author says is needed to save the liability-burdened utility from bankruptcy.

California's largest utility has put pressure on the state legislature to limit the exposure the company and shareholders face due to wildfires. Facing hundreds of lawsuits from last year’s blazes, PG&E said in June it will record an estimated $2.5 billion pretax charge for the damages caused by the wildfires....

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