PG&E Corporation's stock has continued its decline, falling 9.6% by mid-morning Tuesday, after a California legislative effort to limit utilities' wildfire liability collapsed, sending shares down more than 20% on Monday. The company also announced it will defer approximately $2 billion of capital improvement work in 2027, citing a "wildfire liability framework" that creates financing risks and higher costs. This deferral suggests PG&E may be cutting back on safety investments to manage its financial exposure, a move that raises concerns about future wildfire risks and the company's ability to compensate homeowners.
PG&E CorpCalifornia wildfire liability bill failure increases PG&E's financial risk and costs
NVIDIA Corporation