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PG&E Corporation (NYSE:PCG) remains exposed to significant wildfire-related liabilities in California, as lawmakers have failed to reach consensus on reforms that would reduce utilities’ financial exposure. On September 22, UBS analyst Gregg Orrill warned that the company faces significant risks amid inaction on wildfire liability legislation. We recently analyzed the risks of PG&E trimming its investments […]

On 24 September 2026, UBS downgraded PG&E (NYSE:PCG), citing stalled progress on California wildfire liability reform. UBS flagged shifting legislative priorities in Sacramento and rising political resistance as key hurdles to reform efforts this year. The broker highlighted that unresolved wildfire liability rules could affect PG&E’s risk profile and long term investment planning. The UBS wildfire liability reform downgrade is important, but PG&E’s longer term story involves more than this...

PG&E downgraded at UBS, which cited a growing risk of inaction on wildfire liability reform this year and the company’s decision to rescind its long-term earnings growth rate guidance.

PG&E (PCG) trades at about $12.94, the bottom of its 52-week range and about 32% below its high. Over the past twelve months it lost 12.2% while the S&P 500 gained 18.5%. That gap did not come from a market crash. And in market shocks since 2007, its deepest fall includes a one-day break in PG&E's own price data.

Utilities are usually seen as low-risk bets, but due to its California footprint, risk abounds with PG&E.

PG&E Corporation recently declared a past third quarter 2026 regular cash dividend of US$0.05 per share, while its utility subsidiary advanced more than US$73.00 million in community microgrid investments across multiple Northern and Central California counties to enhance local clean energy resilience during outages. This combination of shareholder cash returns and grid-resilience spending highlights how PG&E is balancing capital allocation between immediate income and long-term system...

PG&E (NYSE:PCG) announced a new phase of its community microgrid program, backed by US$73 million in funding commitments. The utility disclosed fresh grant agreements and a second round of awards to support local clean energy resilience projects. New funding extends PG&E’s community microgrid efforts into additional regions that have faced recurring outage and reliability concerns. PG&E’s latest community microgrid funding round only captures one piece of how its resilience push could...

PG&E (PCG) reaffirmed its regular shareholder payout, declaring a third quarter 2026 cash dividend of $0.05 per share, payable on October 15 to investors of record on September 30. PG&E shares trade at US$13.20 after a steep 30 day share price return that is down 25.21% and a year to date share price return that is down 18.87%, while the 5 year total shareholder return remains positive at 35.11%. Scan beyond PG&E and size up other regulated utilities under pressure from rate hikes and heavy...

PG&E’s latest analyst update includes a trim to its fair value estimate, with the price target moving from US$20.78 to US$19.66. That shift reflects a split view on the stock, as some firms see opportunity after recent target resets, while others stay focused on wildfire policy risk, the revised capex plan, and the extended timeline for any reform in California. Read on to see what is driving these calls and how to follow the evolving PG&E story from here. Stay updated as the Fair Value for...

PG&E is executing a $70B+ capital plan through 2030, aiming for high single-digit EPS growth and no new equity issuance. See why PCG stock is a Buy.

"I have a spreadsheet to track this every month."

The SHARE program is a proof of concept for privately-funded distributed energy capacity and could eventually expand to include commercial, industrial and utility-scale resources, Pacific Gas & Electric said.

A new Consumer Alert video published by Consumer Watchdog exposes the "bailout blackmail" that PG&E is engaging in to force the legislature to approve a bailout for the company in a special session. The company is cutting back on $2 billion in infrastructure that ratepayers have already paid for unless it gets a bailout, which the legislature has refused to do in its regular session.

PG&E Corporation (NYSE:PCG) and Edison International (NYSE:EIX) plunged on August 31 when California lawmakers introduced a bill that would update the state’s wildfire response, but would not shift liability away from publicly traded utilities. Investors reacted to the omission of Governor Gavin Newsom’s proposal that would have prevented insurers from suing utilities to recover wildfire-related […]

On September 2, while discussing how California lawmakers failed to advance wildfire-liability reform, Mad Money host Jim Cramer mentioned PG&E Corporation (NYSE:PCG) and said: Boy, it’s been a tough week if you own any California-based electric utilities. Last weekend, a deal to reform the way wildfire liabilities are treated fell through, sending stocks like PG&E […]

PG&E's fair value estimate has been cut from US$22.59 to US$20.78, an 8% pullback that resets the price target used in one key valuation framework. This shift aligns with a research backdrop where analysts are split, with targets now spread from about US$13 to US$28 as views differ on wildfire liability, capital plans and how policy risk should be priced. As you read on, you will see how these moving targets shape the current PG&E story and what to watch as the narrative continues to...

The company said the steps preserve vital safety and compliance spending while cutting near-term borrowing costs for customers in California, US.

PG&E’s virtual power plant pilot taps 20,000+ smart home devices with Google, Tesla & Sunrun to boost grid reliability and cut costs—learn more.

PG&E launched strategic review aimed at working toward investment-grade credit ratings as lack of comprehensive wildfire liability reform in California continues to weigh on utility company.

PG&E Corporation (NYSE:PCG) has launched a strategic review and plans to defer about $2 billion of its planned 2027 spending after California lawmakers failed to move forward with meaningful wildfire-liability reforms. The company has cut its 2027 capital investment plan from $13.4 billion to $11.4 billion. This will also reduce its debt-financing needs by roughly $2 […]

PG&E CEO Patti Poppe said she's hopeful California lawmakers can revive wildfire liability reform after a failed proposal sent the utility’s shares tumbling.

Responding to PG&E's threat not to spend approximately $2 billion it has been authorized to spend on infrastructure upgrades unless it gets a Sacramento bailout, Consumer Watchdog wrote the California Public Utilities Commission calling on it to act against the utility for not spending money it is already collecting from ratepayers.

PG&E (NYSE:PCG) faces ongoing wildfire liability uncertainty after California lawmakers rejected a key wildfire bill that aimed to clarify utility exposure. The bill's defeat leaves the existing framework for allocating wildfire costs and financing recovery efforts unchanged for now. Investors lose a potential legislative backstop that many had expected to reshape PG&E's long term risk profile around wildfire events. This setback keeps attention on how investors assess utility risk and grid...

Detailed price information for Nvidia Corp (NVDA-Q) from The Globe and Mail including charting and trades.