News › Markets  ·  29 Aug 2026, 12:25 AM IST  ·  3 days ago

Newsom Blocked on Push to Shield Utilities From Fire Liabilities

Bias: Neutral 0

In one line — California Governor Gavin Newsom’s push to shield publicly traded utilities from some wildfire liabilities has been blocked by state lawmakers, according to people familiar with the negotiations.

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Source: Mint · AI-summarised by Anadi · Updated 29 Aug 2026, 12:43 AM IST

What Happened

California Governor Gavin Newsom’s push to shield publicly traded utilities from some wildfire liabilities has been blocked by state lawmakers, according to people familiar with the negotiations.