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wildfire flames Flames burn from a destroyed home’s natural gas line during the Skirball Fire in the Bel Air neighborhood of Los Angeles, California, on Wednesday, December 6, 2017. Fast-moving fires fanned by high winds in Southern California charred 50,000 acres of land, and prompted a shut down of the Interstate 405 highway. (Photo: Patrick T. Fallon/Bloomberg)

(Bloomberg) – California lawmakers are said to be considering a proposal to help utilities shoulder billions of dollars in potential liability costs while offering relief to wildfire victims by setting up a compensation fund that would be backed by the state and the power companies.

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