DROP IN NORTHERN CALIFORNIA UTILITY PCG MAY BE A BUYING OPPORTUNITY
By Nigam Arora
The drop in Northern California utility PG&E (PCG) may be a buying opportunity for long term investors who understand that there is slightly higher risk now.
Key Points
Here are the key points:
- PCG serves Northern California.
- There have been no recent fires in Northern California.
- Edison International (EIX) serves Southern California.
- Recent fires have been in EIX territory.
- In an internal report, EIX underestimated the size of the Eaton fire.
- The internal report likely increases EIX’s liability for the fire.
Regulatory Framework
The concern is if EIX’s liability rises, the state of California’s framework that caps liability costs will come under strain. … Please click here or the title below to read more.
June 16, 2025