Shares of power producers fell as long-term Treasury yields rose and Californian utilities slumped.
Shares of West Coast utilities fell after the California State Assembly removed a provision for utilities’ liability protection from a wildfire bill.
PG&E, which filed for bankruptcy in 2019 because of wildfire liabilities tumbled by 20%. Rival Edison International fell 23%. Sempra declined by a more modest 3%.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
August 31, 2026 17:35 ET (21:35 GMT)
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