Story perspectives
California Proposes $18 Billion Wildfire Fund Amid Controversy
9/11/2025
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Story summary
- California lawmakers proposed an $18 billion increase to the wildfire fund, funded by $9 billion in extended surcharges on electric customers.
- This fund is essential for covering damages from utility-caused fires, which are depleting due to the Eaton fire that resulted in 19 fatalities.
- Consumer advocates raised concerns about the lack of public input in the bill's last-minute changes.
- Utilities are required to invest billions in wildfire prevention, with shareholders covering half of the fund's increase.
- Investigations into the Eaton fire are ongoing, with insured losses estimated at $15.2 billion.
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