4 ms·

Gavin Newsom Has an $18B Plan to Shore Up California's Utilities

1 points by newsomix9xl 2mo ago

newsomix9xl 2mo ago
"Gov. Gavin Newsom’s office has circulated a draft proposal to raise as much as $18 billion for a continuation fund, with half coming from utilities and half from charges to customers’ electric bills." - from the article. As I read it: utility causes massive fire, state charges everyone to protect them from costs.
- ungreased0675 2mo ago
  Shouldn’t that say all of it is coming from utility customers?
blowsand 2mo ago
Newsom has been “shoring up” California utility companies with customer’s money for years. They are big Newsom/party donors.
toomuchtodo 2mo ago
Surely throwing more money at investor owned utilities will eventually improve the outcome. /s Key takeaways from investigation into Edison’s role in the deadly Eaton fire - https://www.latimes.com/business/story/2026-08-20/key-takeaways-from-investigation-into-edisons-role-in-eaton-fire https://www.latimes.com/business/story/2026-08-20/key-takeaw... - August 20th, 2026 https://www.documentcloud.org/documents/28563478-eaton-fire-june-9-2026-court-filing/ https://www.documentcloud.org/documents/28563478-eaton-fire-... > New details revealed in court show that critical fire prevention equipment needed repair before the blaze and that vegetation under the tower where it ignited hadn’t been trimmed for years. > Investigators say Edison kept power flowing through mountain transmission lines despite “life‑threatening” Santa Ana winds and documented multiple violations. > With the first negligence trial set for January and Newsom-backed laws limiting utility wildfire liability, survivors warn California is eroding corporate incentives to prevent future catastrophic blazes. https://newsroom.edison.com/releases/edison-international-reports-fourth-quarter-and-full-year-2025-results https://newsroom.edison.com/releases/edison-international-re...

4 ms·

Gavin Newsom Has an $18B Plan to Shore Up California's Utilities

1 points by newsomix9xl 2mo ago

newsomix9xl 2mo ago
"Gov. Gavin Newsom’s office has circulated a draft proposal to raise as much as $18 billion for a continuation fund, with half coming from utilities and half from charges to customers’ electric bills." - from the article. As I read it: utility causes massive fire, state charges everyone to protect them from costs.
- ungreased0675 2mo ago
  Shouldn’t that say all of it is coming from utility customers?
blowsand 2mo ago
Newsom has been “shoring up” California utility companies with customer’s money for years. They are big Newsom/party donors.
toomuchtodo 2mo ago
Surely throwing more money at investor owned utilities will eventually improve the outcome. /s Key takeaways from investigation into Edison’s role in the deadly Eaton fire - https://www.latimes.com/business/story/2026-08-20/key-takeaways-from-investigation-into-edisons-role-in-eaton-fire https://www.latimes.com/business/story/2026-08-20/key-takeaw... - August 20th, 2026 https://www.documentcloud.org/documents/28563478-eaton-fire-june-9-2026-court-filing/ https://www.documentcloud.org/documents/28563478-eaton-fire-... > New details revealed in court show that critical fire prevention equipment needed repair before the blaze and that vegetation under the tower where it ignited hadn’t been trimmed for years. > Investigators say Edison kept power flowing through mountain transmission lines despite “life‑threatening” Santa Ana winds and documented multiple violations. > With the first negligence trial set for January and Newsom-backed laws limiting utility wildfire liability, survivors warn California is eroding corporate incentives to prevent future catastrophic blazes. https://newsroom.edison.com/releases/edison-international-reports-fourth-quarter-and-full-year-2025-results https://newsroom.edison.com/releases/edison-international-re...