Gavin Newsom and state legislators reached a deal on bill effectively limiting the liability related to wildfire damages faced by insurers. S&P 500 stocks Edison International (EIX) sold off 10% and PG&E (PCG) plummeted 15%, according to MarketSurge. The two companies were the worst-performing names in the S&P 500 on Monday morning.
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PG&E, other utility stocks sink as California leaves investors exposed to wildfire liability
marketwatch.com
31.08.2026
PG&E, Edison Head for Biggest Stock Drop in Years on California Wildfire Legislation
wsj.com
31.08.2026
PG&E Stock Plummets on California Wildfire Legislation. Why Wall Street Isn’t Happy.
barrons.com
31.08.2026
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