🔴 PG&E is trading 4.1% down today as wildfire-liability concerns intensify

PG&E is trading 4.1% down at $14.21 as investors reassess wildfire-liability risks after California’s setback on liability reform.

• Its strategic review and planned $2 billion 2027 spending deferral have heightened concerns about financing, investment capacity, and long-term exposure.
• Reuters reported the review followed legislation raising wildfire-liability concerns.
• Weaker utilities, higher oil prices, rising yields, and risk-off trading are adding pressure, but wildfire liability remains the stronger driver.