Senate Bill 901 is on the Governor’s desk.SB 901 actual
After reading threw I beleive these are the high points
"For fires that started in 2017, the California Public Utilities Commission would conduct a “stress test” to determine the maximum amount of damages a utility could sustain without harming ratepayers or going bankrupt. That amount would serve as a “cap” on their fiscal liability.
Also for fires started in 2017, costs passed along to ratepayers could be financed — spread out over several years under a process called “securitization” — to reduce the sticker shock on ratepayers’ monthly utility bills.
For fires caused by electrical infrastructure from next year forward, the CPUC will decide whether a utility acted reasonably, considering factors that include extreme weather conditions. If so, the CPUC could order that the costs be passed along to ratepayers and securitized."
And the elephant in the room:
“The bill also sets aside $200 million annually in proposed funding through the 2023-24 fiscal year for forest health, fire prevention and reduction of “fuel,” or trees and vegetation. The money would come from carbon emission auction revenues under California’s “cap and trade” greenhouse gas emission-reduction program.”