Establishes a wildfire prevention and protection fund and council to mitigate wildfire risk in Washington.

The bill establishes a wildfire prevention and protection fund to provide compensation for catastrophic wildfire victims, support mitigation efforts, and protect utility financial stability. It creates the Washington wildfire prevention and protection council to oversee the fund. The council will set guidelines for electric utility wildfire mitigation plans, review and approve plans, and set fund contributions and surcharges. The fund will reimburse electric utilities for damages from wildfires caused by their negligence, up to a set threshold.

Establishes a wildfire prevention and protection fund and council to mitigate wildfire risk in Washington.

The bill establishes a wildfire prevention and protection fund to provide compensation for catastrophic wildfire victims, support mitigation efforts, and protect utility financial stability. It creates the Washington wildfire prevention and protection council to oversee the fund. The council will set guidelines for electric utility wildfire mitigation plans, review and approve plans, and set fund contributions and surcharges. The fund will reimburse electric utilities for damages from wildfires caused by their negligence, up to a set threshold.