PG&E, Edison Bonds Weaken as Wildfire Liability Shift Rejected by California Lawmakers
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Bonds of PG&E Corp. and Edison International broadly weakened on Monday after California lawmakers rebuffed a key provision of Governor Gavin Newsom’s plan to shift wildfire liabilities from the state’s utilities.
The rejection has raised concerns among investors regarding the financial stability of these utilities amid ongoing wildfire risks.
PG&EEdisonCalifornia
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“Bonds of PG&E Corp. and Edison International broadly weakened on Monday after California lawmakers rebuffed a key provision of Governor Gavin Newsom’s plan to shift wildfire liabilities from the state’s utilities.”
Bloomberg — PG&E, Edison Bond Spreads Widen on Wildfire Liability Fears