PG&E is trading 10.07% down now at $12.64 after announcing a strategic review on September 2, 2026, amid unresolved California wildfire-liability and financing concerns.
- Plans to defer approximately $2 billion of 2027 investment, reducing debt-financing needs while slowing growth and reevaluating 2028–2030 capital and rate-base outlooks.
- Reaffirmed 2026 guidance and initiated 2027 core earnings guidance of $1.78–$1.82 per share.