Fire Risks Return to Haunt California’s Utilities

California's utilities face renewed financial pressure as wildfire liability concerns persist and proposed policy reforms remain stalled. Investors in the sector have reduced positions or demanded higher returns to compensate for ongoing risks tied to fire-related claims and damages. The state's three largest utilities—PG&E, Southern California Edison, and San Diego Gas & Electric—continue operating under conditions that expose them to significant liability exposure during fire season.

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