PG&E and Edison Sell Off as Wildfire Liability Protections Stall
California utilities sold off after broader wildfire-liability protections failed to advance in the state legislature.
What happened
California utilities sold off after broader wildfire-liability protections failed to advance in the state legislature.
Why it matters
The risk is that less-bounded catastrophic liability keeps a higher equity risk discount on PG&E, Edison and other regulated utilities.
What to watch
Watch next: final California bill language and whether PG&E or Edison change capital-allocation plans after the vote.
Transcript
California utilities sold off after broader wildfire-liability protections failed to advance in the state legislature. The risk is that less-bounded catastrophic liability keeps a higher equity risk discount on PG&E, Edison and other regulated utilities. Watch next: final California bill language and whether PG&E or Edison change capital-allocation plans after the vote. FreshInsight delivers source-grounded finance briefs for market professionals. Source: The Wall Street Journal Not financial advice. For information and education only.
Primary sources
The Wall Street Journal
Distribution
YouTube / 74OizujZBeg
Topics
finance, freshinsight, equities, finance-shorts, california-electric-utilities, california-legislation, california-utilities, edison, edison-international, grid-investment, liability, off, pg-e, protections, sell, utility-stocks, wildfire, wildfire-liability
Disclaimer
Information and education only. Not financial advice.