Your utility bill could reflect fire costs under new California law
"Wildfires in
The measure emerged from concerns that
Utilities and electrical workers spent millions urging lawmakers to change state law, under which a company typically must provide compensation for property damage if its equipment, such as a downed power line, causes a fire, regardless of whether any negligence is proven.
But that sweeping change was dropped amid pushback from the homeowners insurance industry, which feared it would no longer be able to sue utility companies to recover payouts to policyholders. It argued that such a shift amounted to a "bailout" that would leave insurance companies holding the bag, leading to higher premiums or no coverage at all in fire-prone areas.
SB 901 instructs the
In the case of the 2017 wildfires, state regulators would also have to consider
The measure also designates
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