Newsom utility proposal faces lawmakers’ opposition as PG&E stock drops @ABC10
Newsom utility proposal faces lawmakers’ opposition as PG&E stock drops @ABC10
Uploaded August 2026 | Updated September 2026, 2 weeks ago
PG&E stock closed down more than 7% after California lawmakers opposed a plan from Gov. Gavin Newsom involving the legal process that allows insurance companies to recover financial losses from utilities found responsible for starting a fire. PG&E shares fell nearly $2, while Edison International and San Diego Gas & Electric also finished lower.
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Newsom utility proposal faces lawmakers’ opposition as PG&E stock drops

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