Senator Concerned Over Utility Threats

California's two largest utilities, PG&E and Southern California Edison, have indicated they may take financial actions, such as stock buybacks, if wildfire liability legislation is not passed by lawmakers. Officials from the utilities warned that their response could include reducing wildfire-related payouts and shifting costs to homeowners' insurance. State Senator Ben Allen criticized these threats and is considering oversight hearings to address the utilities' concerns amid ongoing legislative efforts to update wildfire liability laws.

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