PG&E (PCG) Sub Says California’s Wildfire Bill Leaves Financing Risk Unresolved. What Protection Is Still Missing?

Pacific Gas and Electric Company, the regulated utility subsidiary of PG&E Corporation (NYSE:PCG), said California Senate Bill 492 would improve wildfire-survivor recovery and strengthen preparedness, but would not resolve the financing risk created by the state’s wildfire-liability framework. The amended bill would establish a fast-pay claims program, would expand statewide preparedness planning, and would adjust […]