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PCG changes

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View the full Oct 1, 2026 version
Price
$12.34 → $12.25(−0.7%)
Discount category
Far below intrinsic value → Deep below intrinsic value
Recent events
Sep added: 16, 2026: Fitch Ratings changed its outlook on PG&E Corporation and the utility to negative from stable. It kept the BBB- rating. Fitch cited the failed wildfire liability reform and said more downgrades are likely without progress. Sep 2, 2026: PG&E said it will cut about $2 billion of planned 2027 capital spending, to $11.4 billion, after wildfire liability reform failed again in the California legislature. It also suspended its 2028-2030 capital outlook, previously about $48 billion, and its board authorized a broad strategic review of the company. Aug 31, 2026: California lawmakers ended their legislative session without passing a wildfire liability reform bill. PG&E stock fell about 20% in one trading day, its worst single-day drop since March 2020. Jul 23, 2026: PG&E reported Q2 2026 results. Core earnings per share were $0.40, above what analysts expected. The company reaffirmed full-year 2026 guidance.