PG&E Corp

PCG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Wildfire Liability Reforms Allow PG&E To Boost Its Growth Plan

Travis Miller

Sep 29, 2025

Business Strategy and Outlook

PG&E emerged from bankruptcy in July 2020 after 17 months of negotiations with 2017-18 Northern California fire victims, insurance companies, politicians, lawyers, and bondholders. Shareholders lost some $30 billion of value from settlements, fines, and costs but retained control of the company. Bondholders were mostly made whole.

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PG&E Corp

Wildfire Liability Reforms Allow PG&E To Boost Its Growth Plan

Business Strategy and Outlook

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