California officials overseeing the $21 billion fund that was expected to protect utilities and their customers from the cost of wildfires sparked by electric lines say the fund could be wiped out by January's devastating Eaton fire,

Damage claims from the Eaton wildfire could wipe out the $21 billion fund created to protect utilities and their customers when an investor-owned utility's equipment is deemed responsible.

Southern California Edison has announced it will create a fund to compensate victims of January’s devastating Eaton Fire near Los Angeles