Newsom has been “shoring up” California utility companies with customer’s money for years. They are big Newsom/party donors.

"Gov. Gavin Newsom’s office has circulated a draft proposal to raise as much as $18 billion for a continuation fund, with half coming from utilities and half from charges to customers’ electric bills." - from the article.

As I read it: utility causes massive fire, state charges everyone to protect them from costs.