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Gov. Newsom to PG&E on California wildfires: You broke it, you bought it

Video Credit: Rumble - Duration: 01:20s - Published < > Embed
Gov. Newsom to PG&E on California wildfires: You broke it, you bought it

Gov. Newsom to PG&E on California wildfires: You broke it, you bought it

A fund of up to $21 billion may be created in California to help utilities pay for future wildfire damage.

The proposal by Democratic governor Gavin Newsom follows the bankruptcy filing of San Francisco-based utility PG&E Corporation.

According to Reuters, PG&E anticipates $30 billion in liabilities from wildfires in 2017 and 2018 that have been blamed on its equipment.

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