🔴 PG&E is trading 20% down today after wildfire-liability bill failed to address financing risks

PG&E is trading 20% down now at $13.28 after California lawmakers amended Senate Bill 492 without adequately addressing utilities’ wildfire-liability financing risks.

• PG&E said legislation falls short of attracting affordable investment and creating a durable framework for safer, more reliable service.
• Analyst downgrades citing no meaningful wildfire-liability backstop pressured shares; PG&E’s decline follows August 28’s 7.52% drop.
• Broader utilities weakness and rising-rate concerns added pressure; no volume figure was provided, so activity cannot be quantified.