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Source:
New York Post
Gavin Newsom's Utility Bailout Criticized
Governor Gavin Newsom is secretly pushing for a last-minute utility bailout in California aimed at shielding the state's three for-profit utility companies from wildfire-related liabilities. The move could result in significant financial benefits for shareholders, including record profits and dividends, while wildfire survivors continue to face displacement and economic hardship. Critics argue the bailout would bypass democratic processes and exacerbate incentives for companies to prioritize profit over accountability.
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