Edison International closed down about 23.8% at $53.46, and PG&E down about 18.5% at $13.53. Sempra fell about 2.9%.
The trigger: California lawmakers advanced an amended SB 492 that left out a per-incident cap on utility wildfire liability and a mechanism to replenish the state Wildfire Fund.
→ Why it moved: https://marketchacha.com/movers
This article is for educational and informational purposes only. It is not financial advice, investment recommendation, or a solicitation to buy or sell securities. Investing involves significant risks. I am not a SEBI-registered investment advisor. Readers should consult their own financial advisor and conduct their own research before making any investment decisions.
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