Business

California Utility Stocks Plunge Over Wildfire Liability

Updated 2026-08-31 17:25 UTC 1 source Negative

Utility stocks like PG&E are sinking as California considers a bill that focuses on victim protections without new investor safeguards. This could leave investors exposed to wildfire liability.

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MarketWatch

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.

2026-08-31 17:10 UTC