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PG&E launches review, defers $2 billion in spending after wildfire bill setback - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2026 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers PG&E launches review, defers $2 billion in spending after wildfire bill setback Catastrophes , General liability , Risk Management Sep 2, 2026 (Reuters) – Utility PG&E said on Wednesday it will defer about $2 billion in 2027 spending, leaving a capital plan of about $11.4 billion, as it launches a strategic review amid wildfire liability concerns. The review comes as PG&E faces renewed uncertainty over liability costs after a Senate bill amendment did little to reduce utilities’ exposure to expenses related to the fires or address the long-term solvency of California’s fund for it. The company had previously planned to spend $13.4 billion in 2027. “California’s wildfire liability framework continues to create financing risks that drive higher costs, affect customer affordability, and limit investment in the energy system,” CEO Patti Poppe said. “Something has to change so that we can better serve our customers.” PG&E said the review is aimed to help reduce customer costs associated with higher financing expenses, adding that its debt financing needs would be reduced by $2 billion. The review will evaluate the full range of regulatory, financial, operational and strategic alternatives reasonably available, including the full range of options related to how the company is organized and financed. Related News Early warning signs can keep workers comp claims from going off track September 2, 2026 California comp medical costs rise 5%; med-legal spending surges September 1, 2026 HDI hires former Canopius executive September 1, 2026 OpenAI allegedly hit delete on evidence September 1, 2026 Kentucky court overturns $22.5M award in fatal concrete-form collapse September 1, 2026 Court denies claim alleging work-related stress caused heart attack September 1, 2026 Vantage hires former Nationwide leader to head cyber September 1, 2026 Modeled catastrophe losses increase 12.5% in 2026 September 1, 2026 Hub names real estate practice leader for Canada September 1, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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