utilities — 2 leads
| Day | Found | Lead | Sector | Score | Catalyst | Src |
|---|---|---|---|---|---|---|
| Wed | Sep 2 | The utility's answer to unlimited liability is to spend less Two days after California lawmakers went home without limiting what a power company can be sued for when its equipment starts a fire, PG&E cut $2 billion out of next year's building plans and put its own corporate structure under review. That is the opposite of the spending wave the obvious logic implied — and if the state's biggest utility is shrinking rather than hardening, the companies that were supposed to be paid to do that work have a problem. | utilities | 78 | Announced Sept 2; updates at quarterly results | 3 |
| Tue | Sep 1 | California just told its utilities to carry unlimited wildfire risk Lawmakers went home without limiting what a power company can be sued for when its equipment starts a fire, and the two big California utilities lost a fifth of their value in a day. The overlooked part: unlimited liability makes rebuilding the grid urgent rather than optional, and someone gets paid to do that work. | utilities | 76 | Legislature adjourned yesterday | 2 |
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