PG&E Faces Wildfire Liabilities Amid California's Modest Large Load Demand Growth
PG&E's CEO, Patti Poppe, warned that the company's $73 billion five-year capital plan could be affected if California fails to pass wildfire reforms by August. The utility is dealing with significant liabilities from past wildfires, including $1.325 billion for the 2019 Kincade fire and $2.15 billion for the 2021 Dixie fire. California is expected to see modest growth in large load demand, primarily from data centers.
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Topics: capital plan earnings call financial liability PG&E wildfire reforms wildfires