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 (SRE) 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.
SDG&E reliability could slip by up to 3.4 minutes from South Orange County outage
A power outage overnight left 22,525 San Diego Gas & Electric customers in South Orange County without electricity. If power comes back by the utility’s 1 a.m. target, that outage would nudge the systemwide outage-duration metric up by only about 3.4 minutes, according to early calculations from reported milestones. The event is enough to show up in annual reliability stats, but seems too small for now to affect near-term earnings at Sempra, which owns the utility.
Utilities Stocks Outlook 2026: AI Data Centers, Fed Rate Cuts and Rising Power Bills Put the Sector Back in Focus
U.S. utilities stocks are ending 2025 with a split personality. On one hand, the group is still a classic “defensive” trade—regulated cash flows, dividend support, and historically lower volatility than the broader market. On the other, utilities have quietly become one of the most important “real economy” beneficiaries of the AI boom, because every new data center and electrified industrial process ultimately needs one thing: reliable megawatts.
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