The law would add to an existing fund for wildfire victims, which officials have warned could be exhausted by the Eaton wildfire. Funds would come from customers and shareholders of the state’s three biggest for-profit utilities.

Electricity ratepayers would contribute half the money through a monthly fee. The other half would come Edison, PG&E and Sempra.

Newsom Administration Explores $18 Billion Proposal, Raising Concerns Over Already High Costs Brace yourselves, Californians. Governor Gavin Newsom is reportedly mulling a new plan that could add an extra fee to your already sky-high utility bills,