PG&E to record $2.5B charge for California wildfires -- and warns it could get worse

Utility Dive: PG&E Corp. will take a charge on more than a dozen fires (10 by the utility's math, as several were combined), but it is not clear if more financial implications could be coming. The utility has been highly critical of California laws that allow for reverse condemnation — essentially finding the utility liable even if it met standards and regulations.

"Liability regardless of negligence undermines the financial health of the state’s utilities, discourages investment in California and has the potential to materially impact the ability of utilities to access the capital markets to fund utility operations and California’s bold clean energy vision," PG&E CEO and President Geisha Williams said in a statement.

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