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PG&E CEO calls on California to pass wildfire reform after the shelved effort crushed the stock
Source: CNBC
Regulation & LegislationGeopolitics & WarInvestor Sentiment & PositioningCompany FundamentalsEnergy Markets & Prices
PG&E CEO Patti Poppe said she’s hopeful California lawmakers can revive wildfire liability reform after a prior proposal failed, sending the utility’s shares sharply lower. The comment highlights continued regulatory overhang tied to wildfire costs and liability uncertainty, keeping investor sentiment cautious.
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