PG&E says California SB 492 fails to deliver sustainable wildfire liability financing fix

Reuters2026/08/31 07:13

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PG&E issued a statement on Senate Bill 492 following California legislative amendments to the state’s wildfire risk reduction framework.
It flagged progress for survivor recovery, wildfire preparedness, yet called the bill insufficient for a sustainable long-term solution.
The company warned SB 492 fails to address financing risks tied to California’s wildfire liability framework, limiting affordable investment in the grid.
It cited an April California Earthquake Authority report concluding existing funding mechanisms are insufficient, arguing the bill does not resolve that gap.
PG&E called for a more durable framework to support survivors, maintain safety incentives, cut wildfire risk, sustain reliable service at lower customer cost.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PG&E Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608301601PR_NEWS_USPR_____SF36628) on August 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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PG&E says California SB 492 fails to deliver sustainable wildfire liability financing fix

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