California Wildfire Bill Navigates Market Fears as Utilities Rally
TL;DR Summary
PG&E and Edison International moved into the green ahead of California lawmakers’ vote on SB 492, a wildfire-liability bill that omits Gov. Newsom’s insurer-liability cap and lacks a long-term funding plan for the $21 billion wildfire fund, keeping investors cautious as Wall Street downgrades the utilities on liability risk.
- PG&E Shares Trim Losses Ahead of High-Stakes Wildfire Bill Vote Barron's
- Gov. Newsom considers special legislative session on wildfire liability KCRA
- California wildfire deal collapses in the Assembly Politico
- PG&E, Edison Suffer Biggest Stock Drops in Years on California Wildfire Legislation WSJ
- SCE Continues Commitment to Eaton Fire Recovery and Community Engagement with Sept. 10 Meeting Edison International | Newsroom
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