S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

Consumer Watchdog Challenges Newsom Over Secret Utility Bailout Plan

A mysterious advocacy group dubbed "Wildfire Victims First" is blanketing California with advertisements, but investigators at Consumer Watchdog have identified the campaign as a front for the state’s three major for-profit utility companies seeking to insulate themselves from wildfire liability.

Consumer Watchdog Challenges Newsom Over Secret Utility Bailout Plan
Photo: Bio & News

The organization’s latest alert warns that Governor Gavin Newsom may be crafting a last-minute legislative maneuver to shield PG&E, Southern California Edison, and SDG&E from the full financial consequences of fires sparked by their equipment. While the specifics of the governor’s proposal remain shielded from public view, critics fear it aims to cap victim payouts, restrict attorney fees, and prevent insurance companies from recouping losses from utility providers.

Public Utilities Commission records suggest the "Wildfire Victims First" coalition is an astroturf operation, with 70% of its members receiving roughly $6.9 million in utility funding. The timing of this lobbying push is critical, as rumors swirl that the administration intends to bypass standard legislative scrutiny in the final weeks of the session. The Every Fire Survivor’s Network has formally urged the governor to abandon any "gut-and-amend" tactics, demanding instead a transparent process for any policy shift that would fundamentally alter the liability landscape for fire survivors.

Financial disclosures highlight the deep ties between the state’s executive office and the utility sector. Records indicate that PG&E, So Cal Edison, and Sempra have contributed approximately $162,000 to Newsom’s campaign committees since he first sought statewide office. With nine of California’s 20 most destructive fires linked to faulty utility equipment, advocacy groups are now calling on the public to pressure the administration to ensure that the corporations responsible for these catastrophes bear the financial burden rather than shifting costs onto survivors and taxpayers.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!