PG&E Stock Slides After Utility Launches Strategic Review and Cuts $2 Billion in 2027 Spending
Shares of PG&E fell as the utility said it will review how it is organized and financed, and delay $2 billion of work to cut borrowing costs.
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California Utility Stocks Rise After Lawmakers Kill Wildfire Liability Bill
California Assembly killed a last-minute wildfire liability deal Tuesday. Edison, PG&E, and Sempra shares rose after SB 492 never got a vote.
California utilities get cut by Wall Street after a weak wildfire bill
Lawmakers advanced a narrower SB 492. BMO, Mizuho and Wells Fargo cut PG&E, Edison and Sempra over unfixed wildfire risk.