CA AB2283

Requires the Public Utilities Commission to undertake a comprehensive review of actions taken by Pacific Gas and Electric Company that materially and adversely affected the value of its stock provided as part of its wildfire settlement agreement

Addresses the Fire Victim Trust established through PG&E's 2020 bankruptcy reorganization, which was designed to compensate victims of wildfires in 2015, 2017, and 2018

Documents that the Fire Victim Trust received approximately 477 million shares of PG&E stock valued at $4.2 billion on the day it was established, approximately $2.5 billion less than the promised $13.5 billion expected settlement value

Notes that the settlement consisted of half cash and half PG&E stock, and the stock value fluctuation may prevent the Fire Victim Trust from being funded at the expected settlement value

Declares that a special statute is necessary for PG&E due to the unique circumstances of the company and its role in the wildfires