PG&E
Monday−20.1%
Tuesday+3.7%
Two-session net: −17.1%
PG&E Rises 3.7% as Wildfire Bill Passes, Leaving Funding Gap Unaddressed
SAN FRANCISCO, September 1, 2026, 11:45 PDT — Shares in PG&E gained 3.7% after lawmakers approved wildfire funding legislation that failed to fully cover the company's financing needs.
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PG&E (EIX) Stock News & Analysis
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PG&E intraday: late spike fades
NYSE price in U.S. dollars; dashed line is Monday’s $13.27 close.
Wildfire-policy shock: one bounce, much damage left
Session returns from August 31 and September 1; net change uses August 28 close.
Edison International
Monday−23.1%
Tuesday+5.3%
Two-session net: −19.0%
Sempra
Monday−3.1%
Tuesday+2.3%
Two-session net: −0.9%
Prices as of 14:33:56 EDT on September 1. Source: Yahoo Finance.
Financing risk reaches both spending and valuation
The bank’s modeled investment cut equals one-tenth of PG&E’s five-year plan.
2026–2030 capital plan
$73.0 billion
$7.3 billion removed from BofA’s capacity and new-business case
Equivalent to 10.0% of the total plan
BofA target reset
Old
$24
New
$13
Market
$13.77
Target reduction: 45.8%
Sources: PG&E, BofA report carried by Yahoo Finance; market price at 14:33:56 EDT.
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