PG&E bonds weaken after California rejects wildfire liability provision

Bloomberg · 7 hours ago
  • PG&E Corp. and Edison International bonds broadly weakened after California lawmakers rejected a key element of Governor Gavin Newsom’s wildfire-liability plan for state utilities.
  • The spread on PG&E’s 6.3% bonds due 2056 widened 15 basis points to 138 basis points as of 8:43 a.m. in New York.