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  • California Wildfire Fund
    On July 12, 2019, Governor Gavin Newsom signed AB 1054 and AB 111 (collectively, the “2019 Wildfire Legislation”) The 2019 Wildfire Legislation enacts a broad set of reforms and programs related to utility-caused wildfires in California, including establishing the California Wildfire Fund (“Fund”)
  • How Does AB-1054 Work? - Singleton Schreiber
    Gov Gavin Newsom signed Assembly Bill 1054 (“AB 1054”), also known as the California Wildfire Fund (the “Fund”), in July 2019 The Fund provides the state’s investor-owned utility companies (PG E, Southern California Edison, SDG E) $21 billion in insurance protection
  • California Legislative Information
    AB-1054 addresses public utilities, wildfires, and employee protection
  • What Is AB 1054 and How Does It Work? - Wildfire Law Center
    On July 12, 2019, Gov Gavin Newsom signed Assembly Bill 1054 (AB 1054) into law How Does California AB 1054 Work? The California Wildfire Insurance Fund provides $21 billion in insurance protection to the state’s investor-owned utility companies
  • Assembly Bill 1054 Summary - Edison International
    Wildfire Fund • “Covered Wildfire” means any wildfire ignited on or after July 12, 2019, caused by an electrical corporation as determined by the governmental agency responsible for determining causation, in excess of annual utility retention (expected to be ~$1 B)
  • California Energy Bond Office - Department Of Water Resources
    AB 1054 made changes to the California Water Code, Public Utilities Code, and Insurance Code with the intent to address the increased risk of catastrophic wildfires in California caused by electric utility equipment, and act as a form of insurance for eligible utilities under certain conditions
  • California AB-1054: Utility Regulations Wildfire Mitigation
    The bill establishes a $21 billion wildfire fund to provide a financial backstop for utilities facing wildfire-related liabilities This fund is a collaborative effort, with contributions from both utility companies and ratepayers, reflecting a shared responsibility model
  • Understanding Assembly Bill 1054 and the California Wildfire Fund
    Managed by the California Public Utilities Commission (CPUC), the fund shields four of the state’s investor-owned utilities, PG E, SCE, SDG E, and Bear Valley Electric Service (who joined the fund in 2020) from bankruptcy by reimbursing wildfire costs and expenses exceeding $1 billion
  • Bill Text: CA AB1054 | 2019-2020 | Regular Session | Chaptered
    This bill would establish the Wildfire Fund to pay eligible claims arising from a covered wildfire, as provided The bill would continuously appropriate moneys in the fund to the Wildfire Fund Administrator for that purpose, thereby making an appropriation
  • California Senate passes $21B wildfire fund legislation, as Newsom . . .
    The California Senate on Monday passed AB 1054, legislation Gov Gavin Newsom, D, is rapidly pushing to help utilities cover wildfire damage liabilities through a new $21 billion liquidity fund





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