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Will PG&E Get Help From California? Don’t Count On It.

Alexandra Scaggs

(MS) says its investor clients are becoming too optimistic about the outlook for (PCG), the California utility currently managing its wildfire costs in bankruptcy court. While it looks like utilities’ future wildfire-related liabilities will be offset by legislation in the state, the problems facing PG&E (ticker: PCG) are far more complicated than simple math. PG&E stock is less than half the price from a year ago.