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California Politics 360 full episode | What's next after wildfire liability proposal fails
Lawmakers dropped a late-session plan as utilities warned wildfire liability could raise costs, weaken credit ratings and threaten bankruptcy.
Summary
PG&E, Southern California Edison and San Diego Gas & Electric wanted to shift some of those wildfire costs onto insurance companies. This week, the California Assembly decided to scrap a plan that lawmakers put together in the final hours of the legislative session.