California Senate's utilities committee

The chair of the California Senate's utilities committee expressed being 'deeply troubled' by recent threats from electric company executives. These threats relate to potential actions taken to protect shareholders if new legislation is not passed in Sacramento. The required legislation aims to limit the companies' wildfire liabilities.

The chair of the California Senate's utilities committee stated that he was "deeply troubled" regarding electric company executives' recent actions. These threats involve protective measures for shareholders if legislation limiting wildfire liabilities is not passed in Sacramento.

The chair of the California Senate's utilities committee expressed being "deeply troubled" regarding threats from electric company executives. These executives warned they would take action to protect their shareholders unless new legislation is passed in Sacramento. The proposed law aims specifically to limit the companies' wildfire liabilities.