PG&E CEO calls on California to pass wildfire reform after the shelved effort crushed the stock

* PG&E CEO hopes wildfire liability reform will resume * Shares fell 20% after legislature blocked liability cap * PG&E cuts $2B from 2027 capex amid credit concerns PG&E CEO Patti Poppe said she remains hopeful lawmakers will revive wildfire-liability reform after a bill stalled this week, sending PCG and Edison International shares down about 20%. Poppe said the utility has spent six years cutting wildfire risk and improving service, but unresolved liability exposure keeps financing costs high. To protect its investment-grade goal, PG&E trimmed $2 billion from its 2027 capital budget, delaying housing and renewable projects. She estimated customers could save $600 million over two years if lower-risk borrowing costs were achieved.