California to add $18B to wildfire utility fund, Bloomberg says

California lawmakers have reached an agreement to boost the state’s wildfire utility fund by $18B, Eliyahu Kamisher and Michelle Ma of Bloomberg report, citing people familiar with the negotiations. Ratepayers would contribute half of the money and utility shareholders contribute the other half, sources told Bloomberg. Fire liabilities in California have increased risks for utilities Edison International (EIX) and and PG&E (PCG), Bloomberg points out.