22 Hrs
Source:
New York Post
California Democrats react to PG&E's $2B cut over wildfire costs
PG&E plans to reduce its 2027 investments by about $2 billion due to increasing costs under California’s wildfire-liability rules. The move has heightened tensions with state lawmakers, who have recently failed to pass a wildfire-costs overhaul, leading to concerns about the impact on infrastructure projects and utility financing. The utility insists that the spending cut is driven by financial challenges rather than political pressure, while lawmakers debate accountability and cost-sharing for wildfire damages.
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