PG&E trims $2B from 2027 plan amid wildfire-liability clash
TL;DR Summary
PG&E plans to cut about $2 billion from its 2027 investment plan, citing the high costs of California’s wildfire-liability rules, fueling a standoff with Democratic lawmakers who failed to pass a liability overhaul; lawmakers warn the spending pullback could delay infrastructure work and shift borrowing costs onto customers as the subrogation debate over wildfire costs continues.
Topics:business#california-democrats#petrie-norris#pge#us-news-politics#utilities-financing#wildfire-liability
- California Democrats panic as PG&E cuts $2 billion in planned spending over wildfire liability fight New York Post
- Why a signature Newsom power move flopped in the last days of the Legislative session CalMatters
- PG&E CEO calls on California to pass wildfire reform after the shelved effort crushed the stock CNBC
- Newsom blames ‘outside groups’ for his defeat on wildfires Politico
- In Surprise Twist, California Lawmakers Fail to Pass Watered-Down Wildfire Bill WSJ
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