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PG&E Cuts $2 Billion in Planned 2027 Spending in Wildfire Liability Fight

PG&E Corporation logoPG&E Corporation
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California’s Democratic leaders face renewed pressure after PG&E said it will pull back about $2 billion from planned 2027 investments, citing a growing financial burden from wildfire-liability rules. The move reopens a fight in Sacramento over who should pay when utility equipment triggers catastrophic wildfires, amid concerns that higher borrowing costs could affect customers after a proposed overhaul collapsed.

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