Gov. Gavin Newsom Signs Bill Allowing Electric Company To Use Taxpayer Dollars To Pay Their Liability For Fires
California Governor Newsom signed a bill into law that allows Edison electric company to start charging customers for any Eaton fire costs exceeding the state’s $21-billion wildfire fund. The bailout was quietly tucked into to the 231-page bill just before the deadline. Damages for the Eaton fire have been estimated to be as high as $45 billion.
Videos captured the January 7, 2025 inferno igniting under a century-old transmission line that Edison had not used for 50 years. The wildfire swept through Altadena, destroying 9,400 homes and other structures and killing at least 19 people. Edison now faces hundreds of lawsuits filed by victims who claim Edison failed to safely maintain its equipment and left in place the unused transmission line knowing that it posed a fire risk. Even though the utilities have raised electric rates to charge customers for billions of dollars of fire prevention work, their electrical equipment continues to spark blazes.
Edison is a generous donor to Gavin Newsom and recently gave $190,000 to the state Democratic Party, which is helping Newsom campaign for Proposition 50, which would redraw congressional districts.
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https://youtu.be/cb5sCn8dT7Y
https://needtoknow.news/2025/10/gov-gavin-newsom-signs-bill-allowing-electric-company-to-use-taxpayer-dollars-to-pay-their-liability-for-fires/
https://www.msn.com/en-us/travel/news/its-effectively-a-bailout-edison-benefits-from-fine-print-in-newsoms-last-minute-utility-legislation/ar-AA1OIriJ