Relating to wildfires resulting from the fault of an electric company; declaring an emergency.

Prohibits the recovery from customers of certain costs and expenses that an electric company incurs if a court or jury finds that a wildfire resulted from the negligence or a higher degree of fault on the part of the electric company. Requires an electric company to request that the Public Utility Commission open an investigation if the electric company owes more than a certain amount of debt on an outstanding judgment or judgments that are based on a wildfire that resulted from the negligence or a higher degree of fault on the part of the electric company and the electric company plans to make a payment, distribution or repurchase related to dividends, income, interest, profits, stock or…