Skip to main content
Login
institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published • loading... • Updated

PG&E Sinks 18%, Edison International Tumbles 23% as California Wildfire Bill Omits Liability Cap

The amended bill left utilities exposed to open-ended wildfire claims, prompting BMO and Wells Fargo to cut ratings as PG&E fell 18% and Edison 23%.

Summary by 24/7 Wall St.
California lawmakers handed utility investors a brutal surprise over the weekend, and the fallout raises an urgent question about whether PG&E and Edison International can absorb what comes next without a credit rating collapse.

5 Articles

24/7 Wall St.24/7 Wall St.
Center

PG&E Sinks 18%, Edison International Tumbles 23% as California Wildfire Bill Omits Liability Cap

California lawmakers handed utility investors a brutal surprise over the weekend, and the fallout raises an urgent question about whether PG&E and Edison International can absorb what comes next without a credit rating collapse.

·Lakewood, United States
Read Full Article
The Motley FoolThe Motley Fool
Lean Left

Why PG&E Stock Just Crashed

If PG&E sparks another wildfire, it will still have to pay for it.

·Alexandria, United States
Read Full Article
Investor's Business DailyInvestor's Business Daily
Lean Right

California Utility Stocks Plummet After Wildfire Legislation Announced

Gov. Gavin Newsom had advocated for an earlier version of the bill with more protections for utility companies.

·Los Angeles, United States
Read Full Article
Zero HedgeZero Hedge
Reposted by
BizTocBizToc
Right

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

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

·Sofia, Bulgaria
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources lean Right
50% Right

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Zero Hedge broke the news in Sofia, Bulgaria on Monday, August 31, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

PG&E icon

PG&E

Wildfires icon

Wildfires

Stock Markets icon

Stock Markets

California, United States icon

California, United States

News
Feed Dots Icon
For You
Search Icon
SearchBlindspot LogoBlindspotLocal