California Utility Stocks Plummet After Wildfire Liability Bill Passes Without Cap

PG&E, Edison Bond Spreads Widen on Wildfire Liability Fears

Bonds of PG&E Corp. and Edison International broadly weakened on Monday after California lawmakers rebuffed a key provision of Governor Gavin Newsom’s plan to shift wildfire liabilities from the state’s utilities.

By Caleb Mutua and Andrew Oxford

PG&E Stock Plummets on California Wildfire Legislation. Why Wall Street Isn’t Happy. - Barron's

PG&E Stock Plummets on California Wildfire Legislation. Why Wall Street Isn’t Happy.  Barron's

PG&E, other utility stocks sink as California leaves investors exposed to wildfire liability

A California bill is “more focused on victim protections without any new investor protections,” according to analysts.

By Claudia Assis

California’s PG&E Plummets 19% Over Wildfire Liability Concerns

PG&E shares plummeted to a 52-week low Monday.

By Fiona Riley, Forbes Staff

Why Edison International Stock Just Crashed

PG&E, Edison, Sempra sink as California's SB 492 fails to include liability protection for utilities

Edison International options activity surges as wildfire liability fears weigh on EIX

By Investing.com

PG&E, California Utilities Crash As Wildfire Bill Spark Downgrade Wave

PG&E, California Utilities Crash As Wildfire Bill Spark Downgrade Wave Shares of California's largest publicly traded utilities crashed on Monday morning after state lawmakers unveiled wildfire legislation that failed to provide the liability protections Wall Street analysts had hoped for. PG&E plunged as much as 21%, its sharpest decline since 2020, while Edison International crashed as much as 24%, its largest drop since 2018. Sempra fell 5%. The development sparked a wave ...

By Tyler Durden