PCG cuts 2027 capex by $2B and reviews wildfire financing
Pacific Gas & Electric says improved wildfire reliability and four years without major incidents helped lower customer rates. It reduced its 2027 capex plan by $2B and is conducting a strategic review of wildfire liability financing in California.
Four years without major wildfire incidents and improved reliability have led to lower customer rates.
The 2027 capex plan is reduced by $2B, with a strategic review underway to address California's unsustainable wildfire liability framework and ensure long-term value.Original document: Pacific Gas…