PG&E shares slide after utility cuts planned spending by $2 billion
PG&E said it will slash planned spending by $2 billion next year and launch a review of its business after a state legislative debate over wildfire liabilities was left unresolved. Shares fell nearly 10%.
By Jennifer HillerCalifornia utility PG&E will slash its planned spending by $2 billion next year and launch a review of its business after a state legislative debate over wildfire liabilities was left unresolved.Shares fell nearly 10%, putting PG&E stock on track for its lowest close since 2022.
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