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Expert Analysis

Calif. Funds Wildfire Liabilities Without Punishing Ratepayers

By Allan Marks (October 4, 2019, 3:15 PM EDT) -- Marking a significant commitment by the state to shore up the financial position of California's major investor-owned utilities, California Gov. Gavin Newsom signed Assembly Bill 1054 into law on July 12. Because the law passed as an "urgency bill" with more than a two-thirds majority in each chamber, A.B. 1054 took immediate effect....

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