California legislature rejects wildfire liability shield, rattling utility stocks

California lawmakers declined to protect utilities from wildfire damages, sending PG&E and Edison International stocks down sharply, while advancing separate measures on rooftop solar and data center rates.

First covered Sep 1, 2026 · 7:36 AM PT · 1 article · no longer in the live window

Coverage

25d Utility Dive Wildfire costs loom over California legislative session that passed solar, data center bills — The Legislature’s decision not to shield utilities from wildfire liability caused stock prices for Pacific Gas and Electric and Edison International to tumble…

More coverage from around the web

bloomberg.com PG&E, Utilities Plunge on California Wildfire Legislation Risk

claimsjournal.com California Lawmakers File Wildfire Plan Axes Newsom Asks to Bar Insurers From Suing Utilities

sfchronicle.com California shouldn’t limit wildfire liability for public utilities like PG&E

cbsnews.com California lawmakers set to vote on scaled-back wildfire liability deal after Newsom proposal stalls - CBS Sacramento

247wallst.com PG&E Sinks 18%, Edison International Tumbles 23% as California Wildfire Bill Omits Liability Cap - 24/7 Wall St.

Appeared in: 2026-09-01 (#4) · 2026-09-02 (#6)

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