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PG&E, Edison International Stocks Plunge on California Wildfire Bill
Source: Bloomberg
Regulation & LegislationEnergy Markets & PricesAnalyst InsightsCredit & Bond Markets
PG&E, Edison International, and Sempra plunged Monday after unfavorable California wildfire legislation triggered a wave of analyst downgrades. The headline shift in regulatory risk pressured utilities’ credit and earnings expectations, prompting broad negative revisions from sell-side analysts and significant downside in their shares.
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