Wall St Engine(@wallstengine):PG&E $PCG and Edison International $EIX shares are falling after California lawmakers blocked Gov. Newsom’s push to stop insurers from recovering wildfire losses from utilities. The proposal was part of a broader plan to limit utility wildfire liabilities. With the legislative session ending Aug. 31, the larger structural reforms now appear off the table.

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Wall St Engine@wallstengine

2026.08.28 17:08

PG&E $PCG and Edison International $EIX shares are falling after California lawmakers blocked Gov. Newsom’s push to stop insurers from recovering wildfire losses from utilities. The proposal was part of a broader plan to limit utility wildfire liabilities. With the legislative session ending Aug. 31, the larger structural reforms now appear off the table.