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For Fate of PG&E, Edison Wildfire Costs, Watch This Committee

  • California forms committee to weigh wildfire rule changes
  • Committee may decide whether to kill ‘inverse condemnation’
Firefighters light backfires as they try to contain a wildfire in Ojai, California in Dec. 2017. 

Firefighters light backfires as they try to contain a wildfire in Ojai, California in Dec. 2017. 

Photographer: Mark Ralston/AFP via Getty Images

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Utility giants PG&E Corp. and Edison International are facing billions of dollars in potential liabilities from devastating wildfires that broke out across California last year. For a look at how much they could end up on the hook for in the future, watch this state committee that was just formed.

California Governor Jerry Brown said late Monday that he and state lawmakers are forming a conference committee that will, among other things, update utility regulations to prevent wildfires and ensure that “those who cause wildfires are held accountable for damages associated with them.”