Governor gavin newsom signed a law that would create a $21-billion dollar fund for wildfire victims. half of that money would come from customers - and the other half from utilities like pg&e.
Action news now reporter spencer joseph is live now to break down what this new law means for you.
Yeah stephanie this is a big bill for the future of wild fire recovery... key word there... future... this was the scene friday morning as governor gavin newsome signed ab1054 into law& the bill creating a 21 billion dollar wildfire fund that will help utility companies pay victims of wildfires caused by their equipment& however the bill would only allow companies to recover costs from wildfires after january 1, 2019 while critics say this bill was rushed through and provides a bailout to these companies& governor newsom praised it for its bi partisanship& sot: i am incredlbly proud of the bi partisanship we had several people from the other side of the isle.
Pg&e's equipment has been blamed for causing nearly 20 wildfires in the last two years.
Mainly the camp fire& so what do residents like jessica brown think of this wildfire fund?
Because someone has to compensate them ab 1054 goes beyond just creating this fund& it also increases saftey regulations on utillity companies..
Making sure that equipment is not a danger to those around it.
Sot: coming up at 6 we will talk about how this 21 billion dollar ammount will actually be funded...