CALIFORNIA GOVERNOR SIGNS AB 1054

CALIFORNIA Gov. Gavin Newsom (D) signs AB 1054, legislation that, among several things, will require utility companies to undertake billions of dollars in wildfire prevention mitigations. The measure also extends a current fee on electricity to help create a $21 billion fund to compensate victims of future fires and ties future executive compensation to safety performance (CALIFORNIA GOVERNOR’S OFFICE, LEXISNEXIS STATE NET).