Providing for claims to recover economic damages from fire events caused by electric public utilities, establishing a statute of limitations for such claims and requiring the state corporation commission to convene a workshop on utility wildfire risk and mitigation.

Added authority for the State Corporation Commission to open general investigations or convene additional workshops to further assess wildfire risk and mitigation.

Modified the damages section to explicitly allow plaintiffs to recover both economic and noneconomic damages for property damage caused by electric utility fires.

Reformatted the list of workshop topics by adding numbering to the sub-items for clarity.

Changed the State Corporation Commission's obligation to include providing training opportunities in addition to convening a wildfire risk workshop.

Reduced the statute of limitations for filing fire damage claims to two years from the date of ignition, removing the previous exception for when injury becomes ascertainable.

Restricted recoverable damages to only economic losses for property damage, removing the ability to recover noneconomic damages.

Added a specific calculation method for real property damages, limiting recovery to the lesser of restoration costs or the difference in fair market value before and after the fire.

Changed the requirement for the state corporation commission to convene a 'workshop' to assess wildfire risk, replacing the previous requirement to provide 'trainings'.

Expanded the statute of limitations for fire claims to include a 'discovery rule' where the clock starts when the injury is reasonably ascertainable, with a 10-year absolute cap.

Cited a different statute (60-3702(e) instead of 60-3701(e)) and explicitly set the punitive damages cap at $5,000,000.

Added 'noneconomic damages' to the list of recoverable damages for fire claims.