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Wildfire Liability Bill Dies without a Vote on Final Day of Session
- On Tuesday, the California Assembly declined to vote on Senate Bill 492, effectively killing legislation intended to address financial challenges from catastrophic wildfires.
- Governor Gavin Newsom, Pacific Gas, and Edison International sought to reduce liability costs for blazes, arguing that high financial risks jeopardize essential infrastructure investment and economic stability.
- Critics, including Every Fire Survivor and Consumer Watchdog, opposed the deal, arguing it failed to provide necessary accountability or meaningful reform for those whose homes were destroyed.
- Utility stocks plummeted Monday, with Pacific Gas and Edison dropping 20% and 23% respectively, marking the latter's largest single-day decline in more than 25 years.
- Assembly Speaker Robert Rivas stated lawmakers will revisit the issue this fall, while Newsom hinted he remains focused on the effort during his final months in office.
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Los Angeles TimesReposted by 
BizToc
BizTocCalifornia lawmakers kill wildfire bill after utility complaints
Legislation that would have helped wildfire victims receive compensation more quickly, but that utilities said didn't do enough to reduce their financial risks, died in Sacramento after the Assembly declined to vote on it.
·El Segundo, United States
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California Legislature to Vote on Wildfire Reforms After ...
·Boca Raton, United States
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Total News Sources30
Leaning Left7Leaning Right5Center10Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 32%
C 45%
R 23%
Factuality
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