A Pacific Gas & Electric Co. (PG&E) employee walks past Pacific Gas & Electric Co. (PG&E) power lines in Nevada City, California, U.S., on Wednesday, June 12, 2019. (Photo: David Paul Morris/Bloomberg) A Pacific Gas & Electric Co. (PG&E) employee walks past Pacific Gas & Electric Co. (PG&E) power lines in Nevada City, California, U.S., on Wednesday, June 12, 2019. (Photo: David Paul Morris/Bloomberg)

All three of California's investor-owned utilities have now signed off on the creation of a $21 billion wildfire fund that any one of them could tap the next time a power line sparks a catastrophic blaze.

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