By Joy Chen, Special for CalMatters<\/p>\n
This commentary was originally published by CalMatters<\/a>. Sign up<\/a> for their newsletters.<\/p>\n Guest Commentary written by<\/p>\n A group calling itself Wildfire Victims First has been mailing Californians this year and running ads, claiming to speak for people like me.\u00a0<\/p>\n It does not. It is a fake wildfire victims group, funded by California’s three for-profit electric monopolies<\/a>.<\/p>\n I am an Eaton Fire survivor. My organization, Every Fire Survivor’s Network, represents more than 10,000 people. We are the real wildfire victims.<\/p>\n Eighteen months after the Eaton Fire, 2 in 3 survivors remain displaced<\/a>. Retirement savings have been drained. Credit cards are maxed out. More than half of us are on the brink of losing our temporary housing<\/a>.<\/p>\n Rather than protect us, Gov. Gavin Newsom is working on an 11th-hour utility bailout behind closed doors \u2014 right now \u2014 before the Legislature reconvenes in August.\u00a0<\/p>\n We have seen this before. We know how it ends.<\/p>\n Last September, in the final two days of the legislative session, Newsom and legislative leaders gutted and amended Senate Bill 254, stripping a bill meant to protect wildfire survivors and replacing it with a 231-page bill protecting California’s electric utilities.<\/p>\n The rewrite came so late, the Legislature had to extend its session to meet the constitutional 72-hour review requirement. Some legislators admitted they didn’t know what they were voting on. One observer told the Los Angeles Times it was \u201ceffectively a bailout<\/a>.\u201d\u00a0<\/p>\n That is not how democracy is supposed to work.<\/p>\n The state said the electric utilities needed protection or they\u2019d go bankrupt. The California Public Utilities Commission approved a $1.1 billion rate increase<\/a>, plus nearly $1 billion in retroactive payments, paid by California families to Southern California Edison \u2014 whose equipment was investigated<\/a> as the probable source of the Eaton Fire.<\/p>\n Two months later, Edison raised its shareholder dividend<\/a> for the 22nd consecutive year, to nearly $1.3 billion. Edison’s three largest institutional shareholders are BlackRock, Vanguard and State Street.<\/p>\n Thanks to the rate hikes, Edison’s profits more than tripled<\/a> in 2025, from $1.3 billion to $4.5 billion. CEO Pedro Pizarro’s pay soared 20%<\/a> to $16.5 million.<\/p>\n This was not protection from bankruptcy. It was a transfer of wealth from hardworking Californians to Wall Street. It happened the same year the Eaton Fire killed 19 people<\/a> and destroyed the lives of tens of thousands more.<\/p>\n California’s legislators and Newsom face a choice: protect the families who lost everything or hold the corporations responsible.<\/p>\n A nationwide coalition recent launched a website, DearNewsom.org<\/a>, and it includes the NAACP, the National Day Laborer Organizing Network, which represents 70 immigrant rights organizations, and Public Citizen, a consumer advocacy grou with more than a million members.<\/p>\n The letter, NAACP\u2019s president and CEO Derrick Johnson said, urges Newsom to choose democracy over corporate special interests, calling on the governor to \u201cstand with survivors, reject policies that shield corporate misconduct and ensure California leads the nation by putting people before powerful interests.”<\/p>\n To put it simply: No more bailouts of the electric monopolies negotiated behind closed doors, before survivors have been made whole.\u00a0<\/p>\n If Newsom’s proposals are good for California, make that case openly \u2014 through the ordinary legislative process \u2014 not in language inserted days before the legislative session ends.\u00a0Let California be a model for America, not a model for what happens when corporate power outweighs democracy.<\/p>\n Newsom should apply the same basic principle every parent teaches their child, and which forms the basis of our nation’s system of civil justice: You break it, you fix it. Not: You break it, your victims lose everything, and shareholders and executives walk away even richer.<\/p>\n If the results of repeated catastrophic failure are record profits, record executive compensation and record shareholder dividends, then catastrophic failure is exactly what this system will keep producing.<\/p>\n This article was originally published on CalMatters<\/a> and was republished under the Creative Commons Attribution-NonCommercial-NoDerivatives<\/a> license.<\/p>\n","protected":false},"excerpt":{"rendered":"By Joy Chen, Special for CalMatters This commentary was originally published by CalMatters. 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