PG&E trims $2B from 2027 plan amid wildfire-liability clash
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.