Investment RiskInvestors have been hesitant to invest in California utilities, particularly PCG, due to past bankruptcies and wildfire risks.
Market PerceptionInvestors have shied away from wildfire risk, causing shares to keep a 20-30% discount in the past year.
Regulatory ChallengesRequested $2.8B Net Incremental SB410 Spend — It is uncertain if the CPUC can rationalize the cost to providing this service.