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Edison International shares are trading lower following a report suggesting that California lawmakers have blocked Gov. Gavin Newsom from pursuing his plan to prevent insurance companies in California from recouping their losses from investor-owned utilities that cause a catastrophic wildfire.

Aug 28, 2026, 5:41 PMBenzinga Newsdesk

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The Motley FoolAug 28, 2026, 9:27 PMJosh Kohn-Lindquist
Stock Market Today, Aug. 28: PG&E Falls 8% on Wildfire-Liability Uncertainty Ahead of Aug. 31 Deadline
PG&E stock plummeted 7.52% to $16.61 after California lawmakers blocked Governor Newsom's plan to protect utilities from insurer recoupment in catastrophic wildfires. With an Aug. 31 legislative deadline approaching, investors face uncertainty over wildfire-liability protections. Trading volume surged 387% above average as concerns rippled through the utility sector.
Read original at the-motley-fool
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BenzingaAug 28, 2026, 5:10 PMBenzinga Newsdesk
UPDATE: KCRA 3 News Network Reports "California Lawmakers Block Newsom's Push To Prevent Insurance Companies From Suing Utilities That Cause Wildfires"
https://www.kcra.com/article/california-lawmakers-newsom-wildfire-liability-funds/73554380
Read original at benzinga
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BenzingaAug 28, 2026, 5:07 PMBenzinga Newsdesk
California Lawmakers Block Newsom's Push To Prevent Insurance Companies From Suing Utilities That Cause Wildfires; It Was Part Of A Broader Plan To Limit Utility Payouts
-Journalist Ashley Zavala
Read original at benzinga
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