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The California Assembly will kill the wildfire liability plan CALeg & Gov. Newsom agreed to days ago, according to Ashley Zavala, citing multiple sources
StockNow breaking-news AI analysis
California's SB 492 wildfire liability plan sparked industry backlash and utility stock selloffs after excluding key insurer lawsuit bans and financial caps.
News detail
The plan (SB 492) had been giving PG&E/SoCal Edison financial heart burn because it wouldn't let them shift future fire costs to insurance.
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