PG&E Stock Slides After Analysts Flag Unresolved California Wildfire Liability Risks
Analysts cut ratings and price targets after SB 492 failed to address concerns surrounding California’s wildfire fund and potentially uncapped liabilities.
PG&E is a power company that might have to pay a lot of money if wildfires happen, and experts say the new California law didn't fix this problem. When experts worry about hidden costs like this, it tells us the company faces real uncertainty that could hurt its finances.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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