California Utility Stocks: Wildfire Risk Burns Investors

California's largest electric companies, PG and E and Edison International, face a growing wildfire liability crisis threatening their financial stability. With shares already plummeting and potential losses from fires like the Eaton Fire reaching billions, the state's Wildfire Fund and proposed continuation fund may be insufficient. As California's strict liability laws hold utilities responsible regardless of fault, investors should be wary of these once-stable stocks until a comprehensive financial solution emerges. Hosted on Acast. See acast.com/privacy for more information.