Tackling California’s wildfire recovery costs could cost as much as $50 billion under this plan
During a panel discussion at the
He said utility companies would provide most, if not all, of the money for the fund, costing "anywhere between
"It's important that we put together a program where ratepayers aren't the victims once again," Dodd added.
In an interview after the event, Dodd said the total amount of money for the fund should be no less than
"That's probably the range of practicability. ...
He noted
"That's kind of the pecking order on who's done the best job or the worst job," Dodd said. "
Dodd confirmed he'll attend a private meeting with Newsom and other key
Under that model, ratepayers would have a few extra dollars added to their utility bills each month. That money would then go into the liquidity fund, where it could be lent to utilities to pay claims from wildfire victims.
During the panel discussion on Tuesday,
Newsom has yet to release a comprehensive plan directing lawmakers how to act on wildfires, though he has signaled his desire to "get something big done" before state lawmakers leave the
In a joint statement last month, Newsom,
"We're not going to go down that road this year or next year," Dodd said at the event.
Dodd is confident something will get done by
"We haven't even met with the governor, and we don't want to get out in front of the administration," Dodd said in the interview. "They have some great ideas that I'm looking forward to hearing about it. The governor's been very, very engaged, and I look forward to his willingness to bring us in to discuss where they are today and to hopefully seek some counsel from some of us that spent a lot of time in this area."
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