Newsom eyes quick session on how utilities pay for wildfires

Gov. Gavin Newsom floated a possible special legislative session to reform wildfire liability for investor‑owned utilities as lawmakers push a bill that would cap certain attorney fees and CEO bonuses but would not limit subrogation; the legislation would take effect immediately with a 2/3 vote by both houses, pressured by falling utility stocks and fears the wildfire fund could be drained while lawmakers rush to respond before the session ends.