PG&E and Edison Bond Spreads Widen on Wildfire Liability Concerns
Bond prices for PG&E Corp. and Edison International fell on Monday as California lawmakers rejected a critical component of Governor Newsom's proposal that would have transferred wildfire liability risks away from the utilities. The rejection of this liability-shifting provision has increased investor concerns about the companies' exposure to future wildfire costs, negatively impacting their debt valuations.
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PG&E, Edison Bond Spreads Widen on Wildfire Liability Fears
Bond prices for PG&E Corp. and Edison International fell on Monday as California lawmakers rejected a critical component of Governor Newsom's proposal that would have transferred wildfire liability risks away from the utilities. The rejection of this liability-shifting provision has increased investor concerns about the companies' exposure to future wildfire costs, negatively impacting their debt valuations.
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