Governor to release report on wildfires, utility bankruptcy

Posted at 8:39 AM, Apr 12, 2019

SACRAMENTO, Calif. (AP) – Gov. Gavin Newsom is preparing to release a report aimed at addressing a host of wildfire-related problems.

That includes how to maintain a safe, affordable electricity supply in the wake of Pacific Gas & Electric Corp.’s bankruptcy and the growing cost of wildfires.

The report planned for release Friday is the work of a “strike team” Newsom created in his February State of the State address.

California has suffered two of its deadliest and most destructive wildfire seasons in recent years and lawmakers have struggled with how to distribute the costs.

Newsom has hired the law and investment firms O’Melveny and Myers and Guggenheim Securities to provide expertise. Contracts obtained through the California Public Records Office show the state is paying the firms a combined $6 million over six months.

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