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California's major utility companies, PG&E and Edison International, saw significant stock declines after lawmakers rejected Governor Gavin Newsom's wildfire liability overhaul proposal. The new legislation includes measures to hold utility executives accountable and expedite assistance to fire survivors, while also facing criticism from survivors and consumer advocates regarding its effectiveness.
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California's major utility companies, PG&E and Edison International, saw significant stock declines after lawmakers rejected Governor Gavin Newsom's wildfire liability overhaul proposal. The new legislation includes measures to hold utility executives accountable and expedite assistance to fire survivors, while also facing criticism from survivors and consumer advocates regarding its effectiveness.
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California’s biggest utility in crisis mode as shares fall off a cliff and insurers smell blood
California Utilities Face Share Price Declines Following Legislative Changes to Wildfire Liability