finance.yahoo.com

PG&E Drops 18% After California Wildfire Bill Omits Liability Cap

PG&E Corporation logoPG&E Corporation
Sig4.15Sen-6.85Env-2.55Soc-3.05Gov-2.65
Edison International logoEdison International
Sig4.65Sen-7.65Env0.00Soc0.00Gov-3.00

PG&E slid 18% to about $13.57 after California’s SB 492 passed without a $6 billion per-incident wildfire liability cap or a mechanism to replenish the Wildfire Fund. Edison International fell 23% to about $54.22, its largest single-day decline in more than 25 years. The selloff was largely isolated to California wildfire statute risk.

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