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PG&E CEO Warns California on Wildfire Liability Crisis
Source: Bloomberg
Regulation & LegislationNatural Disasters & WeatherHousing & Real EstateRenewable Energy TransitionArtificial IntelligenceInfrastructure & Defense
PG&E CEO Patti Poppe warned that absent rapid California wildfire-liability reform, utility customers rather than insurers will bear catastrophic wildfire risk and face higher long-term costs. She said unresolved liability rules could slow housing development and delay the power infrastructure needed for clean-energy projects and AI-related electricity demand.
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