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Edison International and PG&E lost $13.6 billion today after California's wildfire bill left them exposed

1 September 2026 ·2 min read

EIX fell 23.1% and PCG fell 20.1% on 31 August after California's SB 492 wildfire bill left out the liability cap utilities were pushing for. Strip those two, plus Sempra, out of the utilities sector and the other 28 members were essentially flat.

utilities wildfire california sectors sp500

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