PG&E Halts $2B Projects Amid Wildfire Liability | Fresno News

PG&E is slashing $2 billion in planned upgrades next year, not to cut costs now but to dodge future rate hikes—because wildfire liability lawsuits are making investors flee. CEO Patti Poppe says the state’s legal mess is unsustainable, forcing PG&E to avoid borrowing and passing on interest. Consumer advocates push back, arguing customers already fund these projects and deserve better returns—or refunds. Governor Newsom’s sounding the alarm too, warning that utility instability could spike bills and threaten affordable power, demanding a report by November. This tangled web of risk, regulation, and rates is reshaping California’s energy future. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a912fd67caabd883