Edison International shares were down 23% at 11:30 a.m. EDT and Sempra were down over 2% alongside PG&E.
Shares of PG&E Corp (NYSE:PCG) are down 16.9% at $13.79 before the open, after California lawmakers advanced wildfire legislation that fell short of the liability protections utility investors had hoped for.
PG&E stock falls sharply after the California State Assembly amends key wildfire legislation that leaves out liability protection for utilities.
Josh Mackanic left a 10-year engineering career at Pacific Gas and Electric because he kept thinking about what the utility company doesn't know about what's buried underground.
Pacific Gas & Electric NYSE: PCG reaffirmed its 2026 earnings guidance and longer-term financial plan on its second-quarter earnings call, while executives emphasized that California wildfire liability reform remains a critical factor for the utility's capital plans and path to investment-grade credit ratings.
PG&E Corporation (PCG) Q2 2026 Earnings Call Transcript
PCG beats Q2 earnings estimates as expanding data center demand and lower operating expenses help offset a revenue miss.
PG&E (PCG) came out with quarterly earnings of $0.4 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.31 per share a year ago.
PCG readies to report Q2 earnings as higher electric demand, new rates and lower operating costs are expected to support results.
PG&E (PCG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Investors with an interest in Utility - Electric Power stocks have likely encountered both PG&E (PCG) and Portland General Electric (POR). But which of these two stocks is more attractive to value investors?